should I hang on to my FJ?

[rugerberetta]

I have a 2007 FJ cruiser with a little over 100K on it. It is very clean never been off road stored in side synthetic oil ect... never really had more than one person in the car so inside is very clean looks new. I I also have a 71 fj40 restored that I drive daily so I get my fj fix when I need it. My daughter drives the FJ cruiser to school but hates the gas milage as she has just started to help pay the gas bill. My wife wants to sell the FJ Cruiser and get my daughter a new car that gets much better gas milage. I think the FJ cruiser will hold its value since Toyota has decided to stop making them in 2015. What do the FJ fans think that it will hold its value more in the coming years or will it be like any other used auto. I think the value will stay strong as they become harder to find in good shape an unmodified. What do the experts on this site think sell or keep.

 

[SammyT96LX450]

I have a 2007 FJ cruiser with a little over 100K on it. It is very clean never been off road stored in side synthetic oil ect... never really had more than one person in the car so inside is very clean looks new. I I also have a 71 fj40 restored that I drive daily so I get my fj fix when I need it. My daughter drives the FJ cruiser to school but hates the gas milage as she has just started to help pay the gas bill. My wife wants to sell the FJ Cruiser and get my daughter a new car that gets much better gas milage. I think the FJ cruiser will hold its value since Toyota has decided to stop making them in 2015. What do the FJ fans think that it will hold its value more in the coming years or will it be like any other used auto. I think the value will stay strong as they become harder to find in good shape an unmodified. What do the experts on this site think sell or keep.

Your FJ will hold its value for sometime since this is the last year of production. Keep it.

 

[1911]

In my opinion it will take a long, long time, if ever for the FJC to achieve collectable status. The reason they hold their value now is that they are well-made; still have that made-in-Japan quality that the Tacos and etc. seem to be losing as they are made in the U.S. Even if they do achieve collector status, the value of yours will be decreased by your daughter continuing to use it as a daily driver. If it makes sense to keep driving it as a reliable, paid-for car (even if expensive to fill) then fine, but keeping it as a speculation for some possible future collectors market does not seem wise to me. If that is your only reason to keep it, then don't - sell it and buy a second-hand Corolla or Civic for your daughter.

JMO, YMMV, etc.

 

[BMThiker]

1911's right, unless you plan to hang onto it for another 30-40 years and keep it showroom clean, it will not appreciate in value. Get your trade/sell value now while its still relatively high. Buy a used economy car for $5K and bank the rest.

 

[rugerberetta]

looks like the wife wins. I guess the smart thing to do is sell it and get my daughter a auto that gets better milage. I just hate to get rid of car that I have had 0 issues with in 100K miles for an unknown. She wants a mini cooper the diesel one that gets 40+mpg I just do not know if they are reliable. Maybe some on here will buy my 07 FJ and I will get to see it again in pics. Thanks

 

[BMThiker]

Since the daughter has no "skin" in the original FJ purchase (and maybe not in the new Mini either), you have got to evaluate the relative difference in cost of diesel + new Mini vs. the reliable FJ at its current MPG. If you are buying a new vehicle (Mini) then saving money is ultimately not your goal. Keep the FJ and keep buying gas...it'll be cheaper over a period of 48/60 months that you are paying for the Mini is my bet.

Sample Math equation:
Say you are spending $50/week on the FJ at 20mpg, then your annual total is $2600.
Now compare spending $50 every 2 wks on the Mini (40mpg), then your annual total is $1300.

So you're saving $1300 a year by buying a new $25,000 vehicle. This is just quick numbers, but you get what I'm saying.

 

[NorthFJ]

Keep your FJC....it's barely broken in.
BMThiker's math basically shows you how little you're actually "saving".

Just my two cents....I might be biased though