Selling Price For My Built 2015 Land Cruiser?
- Thread starter Canyonero
- Start date
This site may earn a commission from merchant affiliate
links, including eBay, Amazon, Skimlinks, and others.
NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!
DONT DO IT MAN ----- you can afford it an other toys! just work harder
Markuson
SILVER Star
Listen to Nancy Reagan re selling your beast:
"JUST SAY NO!"
"JUST SAY NO!"
The elite 8
Wow, beautiful rig. 15K miles!!!
In my opinion list if for $75K, the first to show with $70K gets it.
That'd be a solid deal for someone.
I wonder if it wouldn't bring more on EBay. Lots of shiny pics, etc...
Dunno.
I think I fall into the keep it, too nice to get rid of, category.
In my opinion list if for $75K, the first to show with $70K gets it.
That'd be a solid deal for someone.
I wonder if it wouldn't bring more on EBay. Lots of shiny pics, etc...
Dunno.
I think I fall into the keep it, too nice to get rid of, category.
painful to plot the exit and the price to be paid but IF you can find the right buyer it'll be a 70+ deal.... just timing and willingness to wait. I agree with letting the wife DD it..... that's what I jsut decided to do so I could trade her FJ in for a new C63 for my daily.... all-body's happy now and the speed itch is cured without having two simialr type rigs.
But having driven a well prepped Raptor that Kooks did an build on - very impressive allround DD.....
E
But having driven a well prepped Raptor that Kooks did an build on - very impressive allround DD.....
E
I can see selling the 200 if you only wheel occasionally. Maybe get an older cheaper 80 to abuse on the trails. If I had been in your shoes after Moab I don’t think my wife would let me wheel again with our 200
Someone here found a buyer for their truck. Then arranged with the dealer where they were buying a new vehicle to take the LC as a trade and sell it to the buyer. The seller didn't have to pay sales tax on the value of the trade in. The buyer paid the same amount of sales tax as they would have paid if they bought it directly from the individual. So, if your plan is to get a Raptor, or whatever, perhaps the dealer will accommodate you in this way as part of the deal.
You can increase the value of your truck by extending the maintenance plan for 2 years. I get mailers from the dealership to extend the 2 year maintenance plan to 4 years for $300 every so often. Not sure if they'd do this for you with the changes you've made, but perhaps.
You could also facilitate the purchase of an OEM extended warranty for the buyer. I think those transfer with the truck and that a second owner can't get them, but I could be wrong. Anyhow, if you don't have one and the buyer wants one that could be something you could help with.
You can increase the value of your truck by extending the maintenance plan for 2 years. I get mailers from the dealership to extend the 2 year maintenance plan to 4 years for $300 every so often. Not sure if they'd do this for you with the changes you've made, but perhaps.
You could also facilitate the purchase of an OEM extended warranty for the buyer. I think those transfer with the truck and that a second owner can't get them, but I could be wrong. Anyhow, if you don't have one and the buyer wants one that could be something you could help with.
That was probably me you're referring to
I got a Porsche dealer to give me a "buy bid" on my Macan S, then I took that to a different dealer to buy my Land Cruiser and paid tax on the difference only. The dealer I bought my Land Cruiser from took my Macan in on trade as if they were going to put it in their inventory, I gave them the check for the difference plus tax, then they transferred it to the Porsche dealer who gave me the buy bid. It's not a very common transaction, but if the stars align just right it can work very well.
Based on the photos and descriptions @kreiten has posted this year, @Canyonero was a mentor for me. But geez, now I may have to switch to someone else to lead my vicarious adventures?
So let me get this right...if you financed your vechicle and bundled the sales tax with your loan, it’s potentially a better deal to trade it in to dealership vs. selling to private party so some of the sales tax is credited to new vechicle purchase.
Canyonero
Beating up Land Cruisers since 2015
- Thread starter
- #36
If you trade in a vehicle you pay sales tax on the difference between the trade in value and the new car price. This savings is potentially a lot-if you buy a $100k vehicle in a 7% sales tax area, that’s $7,000 without a trade in. Unless you can sell your vehicle privately for more than $7,000 over trade in that situation, the trade in makes sense.
Someone please correct me if I’m wrong but that’s my understanding.
Someone please correct me if I’m wrong but that’s my understanding.
Geez, My Boulder County tax is 8.75%. I go through vehicles every 2-3yrs so I will be trading them in for now on.
Yep exactly. It obviously makes more sense the more expensive the vehicle. A couple weeks ago when my wife was out of town, I bought her a new Honda CRV (excellent btw), and just for kicks I decided to see what they would offer on her pristine Civic which was bought new there and only serviced there for 6 years. They offered $7k, and my tax rate is 7.65%. The calculation was 7,000*1.0765, so if I could sell it on my own for more than $7,535.50 I would be ahead. If I didn't think I could sell it for more than that, I'd take the $7k off whatever the final sales price was on the CRV and trade it. Knowing it would be easy to beat their offer, I bought the CRV outright and sold the Civic on Craiglist in a week for $10k after spending 3 hours cleaning it up.
Another more straightforward example, if I was buying a $100k car with no trade, I'd pay $7,650 in taxes, but if I traded in a car worth $50k that would cut my sales tax in half since I'm only paying tax on the sales price less the trade in value. I'd then have to sell the car on my own for more than $53,825 to be ahead, but there are a lot more factors to consider here - generally there are a lot fewer private party buyers for a $50k+ vehicle than a $10k Civic. Also people usually need to get financed at that price point, so you could have a deal fall through if a buyer can't get financed or good terms. If you have a particularly interesting, high demand vehicle (especially low production volume) like a Land Cruiser, it's not nearly as hard to come out ahead compared to something that depreciates like a rock - think newer BMW 7 series/Merc S Class, anything Maserati, etc. The more customized the vehicle is, the more specific the buying audience is, but the right customizations to the right buyer will bring max value to the seller. @Canyonero did it right by choosing top quality mods and having them professionally installed by Slee which is IMO the only way to customize. A Land Cruiser is one of the few high dollar vehicles out there where the buying public actually appreciates and pays for mods, but another example would be very well done Jeep Wranglers built with AEV components (built mine that way and it brought top dollar when I sold it). Sorry I know that was really long and rambling, but I really like this topic
That was probably me you're referring to
Similar to what I was thinking of. The thread I recall was actually by the purchaser of the used LC. The Seller had the Buyer meet him at the dealer with a check to the dealer. Or maybe it was 2 checks, one to the dealer and the balance to the Seller. I'm sure it was a "buy-bid" sort of situation, but it was the LC that was for sale not a Macan, and the seller was getting something new other than a LC.
It seems like I saw some built trucks on Slee's site for sale. Maybe he'd let you post your rig there since he sold you a ton of parts and labor...
Last edited:
Pretty sure you're going to lose on this deal, and regret it, unless you are just forced to sell. You will still probably regret it. This thing has been a labor of love for you. Not sure why you would want to ditch it either. I had a car in the past that I put my heart and soul into but I got mad at it because trivial things would break on it. (BMW M3) sold it out of disgust, still regret it! I loved that thing. Praying for you! LOL
