Buying/Selling - what year, how much, etc. - ask for opinions here (2 Viewers)

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Hey guys what about a cruiser I may buy on a whim, 1 owner from a rich town in ct all service plus 90k done at the dealer. 104k miles champagne color pretty near mint inside and out little to no rust and factory nav? Guy wants 12.9 I offered 12.5 seems reasonable?

What year? 12.5k for any Cruiser with 104k miles is pretty sweet though.
 
I myself have been shopping '01s but have been specifically avoiding Cruisers with nav because the HVAC controls are integrated into it and I prefer physical dials/knobs, it's a dated 10+ year old system, and I would rather have a contemporary double-DIN head unit. With that said, if the above doesn't matter to you, then it's probably going to be fine to live with...
 
Do you mean depreciation is low?

No I meant excatly what I wrote.
The Toyota marque prides itself on very low depreciation rates, however the UZJ100 series is an exception to norm.
 
No I meant excatly what I wrote.
The Toyota marque prides itself on very low depreciation rates, however the UZJ100 series is an exception to norm.

Please explain your position - I completely disagree with that statement. On top of the evidence I provided, a quick google search will show article after article showing that the Land Cruiser has one of the, if not the highest residuals of any car on the road.
 
I completely disagree with that statement

And you are entitled to.

quick google search will show article after article showing that the Land Cruiser has one of the, if not the highest residuals of any car on the road.

That may very well be the case, but [again] you are inaccurately coming to a position by comparing non toyota vehicles to UZJ100 depreciation rates; thus an oranges to pineapple comparison.

I'm not here to get into a long drawn-out post war on who's data is right or wrong. I offer up my opinion based on my working knowledge of the platform so others can use it in their own decision making process.

That said, many people come to this thread looking for data on what a UZJ is "worth", and many are shocked at the gap between expectation and the supply/demand price-point. The SUV craze in the US being over, combined with much higher gas costs, has taken a toll on resale value of the UZJ100; and used car data guides reflect this very well. However, IMO, the UZJ platform is the most undervalued, (and most reliable) truck in the US market, and all are a good deal; but my opinion doesn't increase the actual selling price. UZJ100 owners be thankful the depreciation rate is not the same as Range Rover....
 
That may very well be the case, but [again] you are inaccurately coming to a position by comparing non toyota vehicles to UZJ100 depreciation rates; thus an oranges to pineapple comparison.

I'm not here to get into a long drawn-out post war on who's data is right or wrong. I offer up my opinion based on my working knowledge of the platform so others can use it in their own decision making process.

That said, many people come to this thread looking for data on what a UZJ is "worth", and many are shocked at the gap between expectation and the supply/demand price-point. The SUV craze in the US being over, combined with much higher gas costs, has taken a toll on resale value of the UZJ100; and used car data guides reflect this very well. However, IMO, the UZJ platform is the most undervalued, (and most reliable) truck in the US market, and all are a good deal; but my opinion doesn't increase the actual selling price. UZJ100 owners be thankful the depreciation rate is not the same as Range Rover....

Are you saying that comparing a Toyota SUV to other SUVs is not an accurate comparison? It's more accurate to compare a Land Cruiser to a Corolla? I would not say that it's fair to compare depreciation levels of dramatically different classes of vehicles of the brand - that's like comparing the 3 series BMW or Audi A4 against the 7 series or A8. A fair comparison for depreciation is an Audi A4 vs a 3 series vs an S40 vs a CTS, etc. and a Land Cruiser vs a Range Rover vs an ML series vs an Escalade, etc. because that's the class it's in. I still think that on residual basis compared against all vehicles the Land Cruiser ranks in the top 90%.

I'm just asking you to provide some if any data points to support your opinion because this board drives a lot traffic and people look for objective viewpoints. I provided my personal anecdotal opinion on residual already here:

"Do you mean depreciation is low? I think that resale value is quite high on 100s - my 98 that was purchased new for $45k nearly 16 years ago still books for $11.5k private party which is 26% residual. Compare that to my 2001 BMW X5 which sold for $57k new and when I traded it in a year and a half ago in pristine shape with 95k miles on it I was lucky to get $8k for it for a 14% residual after barely 11 years."
 
Redrum, I'm not seeing what you are seeing. Maybe you have more info.

I took the 2005 year LC100, Camry, Highland and Prius. Current KBB retail / MSRP = Resale value (%)

LC100: 45%
Camry V6: 40%
Highland AWD: 34%
Prius: 37%

kbb.webp
 
In reference to the 2005 LC w/ 12,200 miles I am seriously considering purchasing: I sincerely thank you for everyone's replies and input. Questions specifically to OregonLC and FJ62INTX or anyone else who may be weary of low mile/aged vehicles. Is the concern that the vehicle sat for long periods between operation or the low miles in general? The reason for my question is I have been familiar with this vehicle since the owner (a neighbor) purchased it new and it has been his daily or every other day driver since 2005. His spouse is confined to their home and he rarely travels more than a few miles away at a time totaling ~1500 miles/year. It has never been driven far but also has never sat for more than a day or two. Do the low mile/aged vehicle cautionary advisories still remain with that being said?
 
IDo the low mile/aged vehicle cautionary advisories still remain with that being said?

I would say NO. The scenario you describe is the best you could hope for in regards to low mileage. Daily driven, I would not worry about a thing. Proof of oil changes (time based, not mileage) would be even better, but this truck sounds like the perfect low mileage TLC.

Just my opinion, but I'd rather have a known DD with 12K miles than a known DD with 100K miles. Even if I did have to replace all fluids, belts, hoses...which I doubt you would need.
 
May want to sell my 99. I'm the second owner and purchased it from a physician in Charleston, SC. It was garaged kept at home and at work and paint is slick as it can be. Never been off road! Champagne Beige. 153,000 miles, rear factory locker, factory differential lock, rear A/C and heater. ARB Bull Bar, 10,000# Smittybilt winch, OME torsion bars, 863 springs, Bilstein Shocks, Interior winch control, Driving light switch, new OEM brake pads, calipers, complete replacement of flexible brake lines, complete parking brake rebuild with shoes and all hardware, rebuilt CVs with OEM boots and top of line screw clamps. Towing package.

Amsoil synthetic in everything, replaced all suspension bushings with OEM parts, Husky liners, LED interior lights, upgraded head lights, 295 75r16 Nitto Terra Grapplers (5) with 5,000 miles. SOR Seat covers on very good leather, no tears or bad wear, front and rear. Rear seats, new wheel lugs and Toyota lug nuts. Second Battery tray installed, auxiliary fuse box for lights, CB and Ham Radio. Off road lights. Replaced all hoses including front and rear heater hoses. CB and Ham are extra if needed.

Timing belt done at 100,000 miles with water pump. Got receipts for everything. New Strongarm lift arms for hood and rear hatch. Neighbors tell me it looks like new when washed and waxed. It really does. Have replacement Chrome emblems for rear hatch also. Plus other things I've forgot right now.

The only things left would be a rear bumper, roof rake and second battery. No accidents and NO RUST anywhere. Yes, no rust period. All bolts come loose with normal effort. Doubt you will find a cleaner one with a clean engine and under carriage as this one. There is not much left for me to do and needed something else to work with. It's received very special care and attention.

Just bought a 97 80 series, "Mr. Nasty", that needs a lot of attention and want to concentrate on it in the future. Got one too may cars and my 100 is available if anyone might be interested.

What do you think it's worth? Don't want to over price or under price it.

My wife, of 44 years, is running out of patience. I don't play golf or fish, just work on Land Cruisers. It's a dang good hobby.

John, Birmingham, Alabama.
 
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In reference to the 2005 LC w/ 12,200 miles I am seriously considering purchasing: I sincerely thank you for everyone's replies and input. Questions specifically to OregonLC and FJ62INTX or anyone else who may be weary of low mile/aged vehicles. Is the concern that the vehicle sat for long periods between operation or the low miles in general? The reason for my question is I have been familiar with this vehicle since the owner (a neighbor) purchased it new and it has been his daily or every other day driver since 2005. His spouse is confined to their home and he rarely travels more than a few miles away at a time totaling ~1500 miles/year. It has never been driven far but also has never sat for more than a day or two. Do the low mile/aged vehicle cautionary advisories still remain with that being said?

I would buy it in a New York minute, for $27-29k cheaper the better. Then baseline it all fluids, timing belt water pump. It's 7 years and or 100k miles for the timing belt and if you are in that deep have the water pump done. That service at $800-1000k at the dealership should help you with the price. I'm jealous, I would love to find one like that!! Let us know when you get it.
 
Questions specifically to OregonLC and FJ62INTX or anyone else who may be weary of low mile/aged vehicles. Is the concern that the vehicle sat for long periods between operation or the low miles in general? The reason for my question is I have been familiar with this vehicle since the owner (a neighbor) purchased it new and it has been his daily or every other day driver since 2005. His spouse is confined to their home and he rarely travels more than a few miles away at a time totaling ~1500 miles/year. It has never been driven far but also has never sat for more than a day or two. Do the low mile/aged vehicle cautionary advisories still remain with that being said?

I would consider that a plus. At least with it being started twice or more a week you know that the seals and hoses are getting fluids moving. But short drives are still not great for the vehicle. Does he have maintenance records showing that fluids have been changed according to the calendar since miles are so low?

As SWUtah posted, I think something around the $30k mark is a fair deal for both. Dealers would post it at $40k and settle on $33-35k after trying for a couple of months. When you get up to the $40k range on a used car people start looking over the fence at new and you end up with a very limited market. Yes, as I continue thinking $30k is the right number for private party based upon what I've seen in the market... and I have RSS feeds going from most western states daily.

Just plan on doing some premature and aggressive preventative maintenance to recondition the fluids and reduce the risk of early failure on an otherwise 'young' vehicle.
 
I find your philosophy interesting. I'm not trying to start a pizzing contest, but my thoughts are different:

In my experience mechanical things wear out from use, not from the passage of time. So I look for older vehicles in really nice shape with VERY low miles. In my opinion depreciation is more age related than mileage, yet the life of the vehicle is more a function of mileage than age.

One thing I'll calculate is the depreciation cost per mile. For example the 2002 LX470 I bought about 2 1/2 years ago had just under 43,000 miles. The previous owners (two) had "eaten" almost exactly $40,000 of depreciation (based on list price) which works out to $.93 per mile. That's brutal!

Hypothetically, suppose you bought a new Land Cruiser for $50K and put 240,000 miles on it before selling it for $10K. (I think that's a reasonable example.) You'd be at 16.7 cents per mile in depreciation.

Certainly the newer Land Cruisers and LX470's have more desirable features (5-speed and VVTI are two). But at the time I bought the price differential was huge, and even the oldest 100 series vehicles are darn nice in terms of capability and comfort.

Curious as to your thoughts...
Simple, high mileage drives the price down. Crap on Cruises breaks at a significantly lower rate than the mileage would imply on other cars, and in reference guides like KBB, Edmunds, etc. Win for the buyer of high-mileage, carefully selected cruisers...
 
Simple, high mileage drives the price down. Crap on Cruises breaks at a significantly lower rate than the mileage would imply on other cars, and in reference guides like KBB, Edmunds, etc. Win for the buyer of high-mileage, carefully selected cruisers...

Indeed. Whenever I have sold a car or purchased a car, I honestly cannot remember a single time when mileage was not the first question.
While I certainly agree that a vehicle with honest to goodness highway miles comprising the bulk of the mileage definitely makes a difference as the total number of revolutions an engine has made is a consideration. However, unlike mileage, it is not really verifiable.

As for the resale, the fact that 13-14 year old vehicles are still worth north of 10k speaks to an exceptional resale. Whereas many of the 100's competitors from that era where no doubt part of the Cash for Clunkers boondoggle.
 
Thanks again to all that chimed in on the low mileage questions. I pulled the trigger on her this morning...I think I'm going to dig it.

IMG_1519[1].webp
 
Crazy low mileage. Refresh all fluids and the timing belt, get an oil analysis done after the first oil change, and drive it for another 300k!
 
That is a bloody unicorn! I might talk to the insurance company to get added coverage as finding a replacement with anywhere near that mileage will be all but impossible. Also, in the event that someone else is at fault, making note regarding the difficulty in ever finding a replacement.
 

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