Falling Prices?

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Okay, I'm a little late joining this thread but, here's a thought of prices, new vehicle v used, used land cruiser prices, ect. In 1998 I bought a new ford windstar 23,000.00 + tax, ect (needed something for three baby seats wanted to buy new, cheapest van at the time with 5 star safety rating). Last year tired of van wanted LC, used, can't affford new. Checking internet for "deals". Most decent advertised Landcruisers in my ballpark (25K-28K), 1999-2000, various mileage, cheaper ones w/mileage 80K+. I checked auto trader, daily for LC's. The one I bought popped up on a car dealers site from New Orleans; $20,900.00, 1999 53K miles, one owner. E-mailed salesman told him I'd be in the next day, test drove and bought it. LC removed from auto trader within two days. Couldn"t be happier! The van was worthless at this point, sold it to a private party for 2K. The point is, I paid about the same for both vehicles, a crappy for minivan that was new but a worthless unreliable piece of crap after 40K miles and a great looking solid used vehicle that not a easy to please wife and three boys are estatic about. I believe that there are good deals on LC's out there but they go fast. I'm not saying I got a great deal on mine but I'm happy with what I got for my money.
 
It is funny how you are comparing the value of new vs. used. My wife just commented today how the "used" 00 LC cost the same as the "new" 02 Heep Liberty, and what a bad value the NEW JEEP was in comparison.

The Liberty is ok... don't get me wrong. Much cheaper than a 4runner. But the LandCruiser is much tighter at 78,000 mi. than the Jeep was new. I don't expect to keep the Jeep for more than the 7/70 warrenty:)
 
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calamaridog said:
It is funny how you are comparing the value of new vs. used. My wife just commented today how the "used" 00 LC cost the same as the "new" Heep Liberty, and what a bad value it was in comparison.
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Just to clarify- she said the Heep was a bad value? You're making me nervous here. :confused:
 
Comparison, bought a new 2004 V8 AWD 4runner with all of the bells and whistles last April for the same price as the 2000/2001 LC/LX's were selling for with around 60-70K miles on them. Didn't plan on taking either one off road and I did not need the extra room or the poorer mpg of the LC/LX, but I like the 4.7 V8 and the 5 speed auto and all of the traction control stuff for safety reasons, also like the warranty coverage. Plan on driving for 80-90K miles and then getting another vehicle. Based on kbb history I will lose less money on the difference between the new vehicle purchase price and the trade in value of a 80K mile 4runner then I would on the price of the used 60K mile LC/LX and what it would be worth 4 years from now with 140K miles on it. I guess what I'm trying to say is it all depends on what vehicle you are buying new :) Also maintance cost will be way higher on the LC/LX.
 
Here is what 13 ..1998 100 series sold for at Dealer auction

01/18/05 IMPERIAL Regular $16,900 156,200k Avg GRAY 8G A Yes
01/18/05 IMPERIAL Regular $15,900 129,543k Avg BLACK 8G A Yes
01/18/05 ST LOUIS Regular $15,250 94,102k Avg WHITE 8G A Yes
01/13/05 MANHEIM Regular $16,500 76,925k Avg DK GREEN 8G A Yes
01/12/05 MILWAUKE Regular $15,900 109,129k Avg BLACK 8G A Yes
01/12/05 NADE Regular $14,000 118,858k Below SILVER 8G Yes
01/07/05 MANHEIM Lease $15,800 75,272k Avg BLACK 8G A Yes
01/06/05 CHICAGO Regular $15,900 98,101k Avg TAN 8G A Yes
01/04/05 IMPERIAL Regular $13,500 349,151k Below SILVER 8G A No
01/04/05 LOS ANGL Regular $17,300 67,266k Avg WHITE 8G A Yes
12/30/04 MANHEIM Regular $16,500 71,948k Avg MAROON 8G Yes
12/21/04 BISHOP B Lease $17,800 53,605k Avg GREEN 8G A Yes
12/21/04 IMPERIAL Regular $15,200 142,645k Avg SILVER

---------------------------

Here are some 2004
12/30/04 NEVADA Regular $43,500 14,860k Avg BLACK 8G A Yes
12/16/04 MANHEIM Regular $41,000 4,322k Avg GREY 8G A Yes
12/15/04 GTR N.O. Regular $45,000 1,618k Avg Black 8G 5 Yes
12/14/04 FAAO Regular $48,000 5,912 kAbove TAN 8G Yes
12/02/04 GTR PHNX Lease $46,000k 8,971 Avg BLACK 8G A Yes
11/24/04 ATLANTA Regular $40,600 k22,733 Avg GREY 8G A No
 
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$13,5 for a unit with 350K miles is ALL THE MONEY. holy crap! those may be the cheapest miles ever driven by a vehicle on this planet.
 
I just recommended a 99' UZJ-100 with 90,000 miles on it to my old roomate. He bought it for $16,000 and it had the rear locker. It had a couple of minor dings, but other than that it was in great shape, asthetically and mechanically. He lived with me for so long that he was converted into a cruiser guy, and until he found that cheap 100 he was on his way into a 97' FZJ. Both cars are great and you should buy the one that you like and fits your needs.


"Unfortunately Toyota seems to be taking engineering and marketing lessons from the Big3 (Lifetime fluids?, no user servicable parts, keys without replacement parts) just like they took them from Toyota on QC. Mr. Toyota does not get rich on customers who do their own regular maintnence and get 300k miles out of their vehicles . The money is in loaded disposable 60k miles and out owners."

Very good point NMujJ100.
I would not flinch at a 200K+ mile 3FE but I would not be as confident in a 200K I-force. But that is because I haven't rebuilt one of those or seen that mileage on many of those motors yet. Time will tell, and most likely Toyota's reputaion will continue. I just don;t like the new cars because they are designed to be serviced by dealers, not home mechanics. But I guess they need to make some money too.

Dealerships are scam artists though. A couple of my buddies work for some Toyota dealerships, and the things that go on are appaulling, giving cars back that haven't been fixed, not tightening lugs correctly, torquing on oil plugs, just spraying the inside of the engine compartment with brake clean instead of cheacking the fluid levels. Scarry. Just last week my buddy with a 94 SR5 4X4 was told that his irratic idle and hesitation were caused by a vaccum leak, or hollowed out CAT (this is what they told him after they replaced his water pump, idler pulley, power steering pump, and supposedly gave him a full service that somehow didn;t include an oil change or diff fuild changes!!) Well, he brought it to me and after some diagnosing we thought it may be a sprk issue. I happened to have an ignition coil off of a 92 FJ-80 and when we put it in the car was like new again. And the old one had a cracked plastic case. $3000 later +$70 for the ignition coil from Toyota. (OK I'll stop bashing dealerships now becaues I know there are some good ones around)
 
Aseif007 said:
I just recommended a 99' UZJ-100 with 90,000 miles on it to my old roomate. He bought it for $16,000 and it had the rear locker. It had a couple of minor dings, but other than that it was in great shape, asthetically and mechanically. He lived with me for so long that he was converted into a cruiser guy, and until he found that cheap 100 he was on his way into a 97' FZJ. Both cars are great and you should buy the one that you like and fits your needs.


"Unfortunately Toyota seems to be taking engineering and marketing lessons from the Big3 (Lifetime fluids?, no user servicable parts, keys without replacement parts) just like they took them from Toyota on QC. Mr. Toyota does not get rich on customers who do their own regular maintnence and get 300k miles out of their vehicles . The money is in loaded disposable 60k miles and out owners."

Very good point NMujJ100.
I would not flinch at a 200K+ mile 3FE but I would not be as confident in a 200K I-force. But that is because I haven't rebuilt one of those or seen that mileage on many of those motors yet. Time will tell, and most likely Toyota's reputaion will continue. I just don;t like the new cars because they are designed to be serviced by dealers, not home mechanics. But I guess they need to make some money too.

Dealerships are scam artists though. A couple of my buddies work for some Toyota dealerships, and the things that go on are appaulling, giving cars back that haven't been fixed, not tightening lugs correctly, torquing on oil plugs, just spraying the inside of the engine compartment with brake clean instead of cheacking the fluid levels. Scarry. Just last week my buddy with a 94 SR5 4X4 was told that his irratic idle and hesitation were caused by a vaccum leak, or hollowed out CAT (this is what they told him after they replaced his water pump, idler pulley, power steering pump, and supposedly gave him a full service that somehow didn;t include an oil change or diff fuild changes!!) Well, he brought it to me and after some diagnosing we thought it may be a sprk issue. I happened to have an ignition coil off of a 92 FJ-80 and when we put it in the car was like new again. And the old one had a cracked plastic case. $3000 later +$70 for the ignition coil from Toyota. (OK I'll stop bashing dealerships now becaues I know there are some good ones around)
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Sounds like a Big City calif problem, here in the midwest we string um up for that kind of crime. It is a crime to pay for something and not get what you pay for. In my area, a dealer does that one time and the word gets out and they would be SOL. JMHO
 
I think one of the biggest things people are missing here is gas prices. Large SUV's are getting hammered in resale because of gas prices. In June when I bought my 100 the trade in value was $24,000. Now the trade in value is about $16,000. It still has well under 100k, looks great and drives great. All large SUVs are being hit hard, look at the Mannheim index for them, it has dropped like a rock. While cars, minivans and other more fuel efficient vehicles the index is actually increasing. Not many people are willing to buy a Full time 4wd vehicle that gets 14 mpg on premium right now. If you think we are getting hammered and the resale, take a look at the Tahoe or Expedition. WOW! Buy one new for 35k loaded to the max sell it a year later for a little more than I can sell my 100 for. No dealer wants to trade on a large SUV because they feel like they cannot sell them, but bring them a Camry or Accord and they jump on it.

I do forsee the market moving back up eventually for the LC, I think it gas stays about where it is now then prices will at least stabilize. If not climb back. Right now is a great time to buy one because in the market I feel 100's are undervalued for what you get. :beer:
 
Cruiser you are right. Example when I was looking at a used LX/LC last March they were on avg. $3-4K higher then they were 2 months later and they have been going south at a less rapid rate since that time. I have a friend in the wholesale business that said he got hurt on a couple he had in inventory at that time. Not as bad since then since he can low ball on all of them and if he gets them he can still turn a good profit.
 
<Right now is a great time to buy one because in the market I feel 100's are undervalued for what you get.>


This statement pretty much says it all. I have shown my 2000 to my co-workers and several of them can't believe how little it cost me. I let a few of them drive it around and now they want their own. LOL
 
This out today.
1) Compact Cars Lead Wholesale Used Price Gain in December
Situation
Manheim says Dec wholesale used vehicle prices up 0.5% over Nov
Manheim Used Vehicle Value Index at 108.2, up 2.8% over Dec 2003
Manheim's Tom Webb notes fuel prices higher than Dec 2003 levels
But shock of even higher prices has worn off; gas down 20 cents in last 2 months
Compact vehicles continue to lead charge w/ 19% year-over-year gain
SUV only major category that dropped in 2004; fullsize vans up 6%

Significant Points
ADESA says Dec wholesale prices up 2.7% over Nov and 1.3% for year
Average Dec prices were $250 higher than Nov
ADESA's Tom Kontos cites strong retail demand, fewer off-lease vehicles
ADESA Auction Dealer Optimism Index up 3.2%
ADESA Auction Inventory Index up 16 points
Kontos says compact car prices up 8.9%, fullsize SUV down 5.9%
 
I just bought a 99 LC on Ebay with 62k on it. Its in extremely good conditon. Paid $23,000. A lot for a six year old vehicle! I'd just rather have a 99 LC than a new minivan or midsized SUV. I feel the LC will be cheaper to own over time too. What will that new minivan be worth in 5 years? Probably under $5000. I see 9 year old LCs with over 100k going for $14,000 on Ebay! The LC is a superior vehicle in almost every way that I need. Yet it will still carry my three kids plus a few friends in comfort. Resale is still good on these, especially when they get into the 100,000+ mile range. Most vehicles tank in value when they hit 100,000. The LCs reputation for reliability means folks will still pay well into the teens for a used LC with high miles. The LC is a cheap vehicle to own if you can find a nice one used. I paid $20,000 for a used EB Expedition 2 years ago with the same miles as my LC. Now I'll be lucky to get $12,000 for it. Thats $4000 year depreciation. I'm expecting more like $2-3000 year on a 99 LC driven the 12,000 miles a year my wife will drive it. Throw in the MUCH better relaibility and its a no-brainer. The superior ride, comfort, handling, and build quality are just icing on the cake. Oh, and the insurance is LESS on the LC than my 2wd Expedition. Go figure!
 
I paid $18,900 for my 99 with rear locker @ 63,000 miles. I live in Texas and most locally were going for closer to $24k, so I got mine from a dealer in Kansas.

I would rather pay $19k for a few year old jewel rather than a shiny new turd. I could have paid the same price and gotten a new vehicle with a warranty, but I didn't want to drive in a vehicle overcome by plastic and pleather. I have a feeling that I will get more life out of my 63k mile vehicle than a lot of other vehicles that start at 0 miles.

A lot of my friends have brand new Chevys and Fords, but it is my 6 year old Toyota that impressed them. Not only for the fact that it rides better than their new vehicle or still has plenty of room, but that when I park in a parking lot I don't look around and see 20 vehicles that look exactly like mine. Usually in the same color. Mine is more distinctive. Makes me for a happier driver.
 
That's a great price you got! I searched all over the US and couldn't find a deal like that. I actually bid on a LC in Texas that looked showroom new with 82k miles on it. It ended up selling for $23,000, so my $23,000 for 63k miles didn't seem bad to me. I agree totally about the shiny new turd comparison. I've grown tired of buying new vehicles that I really dont like that much for $30,000 then selling them 3 or 4 years later for less than half that. I'd rather just buy the best and live with it for a long time.
 
Just signed the papers today on my "new" 100. $20,000 for a 99 w/rear locker, rear AC, auto climate, heated seats and they pay for the 100k mile service (I had to fork over another $250 for the water pump). 109k on the clock and it looks very good IMO. I saw a lot of 99 for under 19k, but they weren't taken care of very well or were missing seats or whatnot.
 
98 Tlc

I missed a great deal 4 months ago: 1998 FJ100 52,000 miles with factory lackers and in MINT/IMMACULATE condition for only $19,200!! I let it go because it was green, now I regret it. Luckly I go a better deal on alocked 80 series which I like TONS better.
 
Just bought my 99, w/ 104k, and 90 service already done, lexus 18" wheels, and new tires for $17k, mint condition. I think I got lucky, found it locally by accident.
 
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