Will 2021 LC hold value?

[vegasfj40]

Also, the price of new TRD Pro 4Runners arent exactly cheap either! I mean, our local dealer wants almost 60k for them. And you can spend almost 70k for a new Ford Expedition! Talk about losing your ass when you drive one of those off of the lot. When you compare other SUVs that are almost the same money as a new 200, there really is no comparison in terms of holding their value.

 

[04UZJ100]

Yeah, I hear what you are saying. Buying anything new is not an investment. Its a depreciating asset. If you invested 90k in a Vanguard total stock market index fund in ten years you'd probably almost double your money. It was really hard for me to pull the trigger on our 21 Heritage that we bought last month. I havent purchased anything new in almost 20 years. As a matter of fact, I havent purchased anything over 20k in almost 20 years! I actually cancelled the purchase agreement after sending the check. I just couldnt justify spending 80 or 90k on anything let alone a Land Cruiser. We looked for several months for a used 16 an newer but just couldnt find one. We missed out on 2 used trucks locally that sold as soon as they hit the market. We looked at a used 2020 Heritage edition in Santa Fe with only 1800 miles but the dealer wanted 86k for it! I told them no way but they already had it sold for that! Then American Toyota got in a silver 2021 Heritage that we looked at and liked but they wanted 15k over MSRP! I tried offering sticker but they turned us down. They sold it a week later. So someone probably paid over sticker for it. After some time debating and about just giving up we decided to go ahead and purchase our white Heritage. The dealer was also asking 6k over sticker but was able to negotiate 88k out the door.

I really cannot justify the purchase other than we are in our mid 50s, are financially set, and wanted something cool to tow our Casita trailer! Its a forever truck for us and hope it will last a good long time. I also figured that if we decided in a couple of years that it isnt the truck of our dreams then being a last year Heritage with low miles would still command a decent amount of money. So far we are loving our new Heritage! We've already taken it on some really awesome trips. Purchasing a new 200 isnt for the faint of heart. It really doesnt make much financial sense. But they are a special kind of vehicle that are very limited here in the US. I often wonder what the wealth is of the average new 200 buyer.

Yikes.
I ended up at 78k in June for a new 2020.

ALL financial advisors will advise against a new car. It depreciates, so what. Lots of other useless things you can spend money on.

I was a diehard Cruiser fanatic since my parents brought home a 99 when I was in middle school. Since then it’s been my dream car. Made it happen and have zero regrets.

 

[vegasfj40]

Yikes.
I ended up at 78k in June for a new 2020.

ALL financial advisors will advise against a new car. It depreciates, so what. Lots of other useless things you can spend money on.

I was a diehard Cruiser fanatic since my parents brought home a 99 when I was in middle school. Since then it’s been my dream car. Made it happen and have zero regrets.

Thats a great price for new! Absolutely couldnt do that out here. Heck, one of the used ones we looked at was a 2018 with 8k miles on it and when we got to the dealership they already had it sold for 75k!

 

[FerrisBueller]

Didn't the transmissions in the 2018+ already come with the updated software to prevent some hard shifting in the lower gears?

Yes, you're right. That's another perk of going with a 2018+

 

[40Man]

Yikes.
I ended up at 78k in June for a new 2020.

ALL financial advisors will advise against a new car. It depreciates, so what. Lots of other useless things you can spend money on.

I was a diehard Cruiser fanatic since my parents brought home a 99 when I was in middle school. Since then it’s been my dream car. Made it happen and have zero regrets.

The one vehicle I have owned multiple model years of which has insane resale is the Tacoma. They hold close to sticker value for a long time.

For the luxury segment, the Land Cruiser resale is amazing. My wife wanted an MDX, the salesman pointed out the average value after 3 years is 50% (as a selling point). She ended up with a new 4Runner.

 

[MikeVpdx503]

If someone is financing with interest a depreciating asset such as a vehicle, it is a double hit on ROI. Mathematically it never makes sense to purchase (especially financing) a quickly depreciating asset unless the need or IT factor outweights than the $$. If the the OP would enjoy at 2016 or even a higher mileage 2013 as much as brand new, then easy decision to make, save the rest of the $$ for other fun/necessary things. If the joy of owning brand new outweights the depreciation, then that road seems to be there too. I was in the same boat and bought a 2013 with 50K miles with no financing and never looked back.

 

[04UZJ100]

If someone is financing with interest a depreciating asset such as a vehicle, it is a double hit on ROI. Mathematically it never makes sense to purchase (especially financing) a quickly depreciating asset unless the need or IT factor outweights than the $$. If the the OP would enjoy at 2016 or even a higher mileage 2013 as much as brand new, then easy decision to make, save the rest of the $$ for other fun/necessary things. If the joy of owning brand new outweights the depreciation, then that road seems to be there too. I was in the same boat and bought a 2013 with 50K miles with no financing and never looked back.

There’s a fine line on what makes sense on paper, and what provides joy, excitement, and the visceral connection you can have with an amazing machine.

Doing what makes sense on paper isn’t always the right thing to do.

 

[FerrisBueller]

If someone is financing with interest a depreciating asset such as a vehicle, it is a double hit on ROI. Mathematically it never makes sense to purchase (especially financing) a quickly depreciating asset unless the need or IT factor outweights than the $$. If the the OP would enjoy at 2016 or even a higher mileage 2013 as much as brand new, then easy decision to make, save the rest of the $$ for other fun/necessary things. If the joy of owning brand new outweights the depreciation, then that road seems to be there too. I was in the same boat and bought a 2013 with 50K miles with no financing and never looked back.

The counterpoint to that would be if the buyer has the cash to buy it, but does financing instead. Then invest the cash. You might be paying around 2% APR on the depreciating asset for a few years, but at least you're getting 10+% compound interest on the cash you invested, forever. It's a better deal than just buying straight up with cash.

EDIT: But yes, I agree that the joy can outweigh the depreciation!

 

[04UZJ100]

Thats a great price for new! Absolutely couldnt do that out here. Heck, one of the used ones we looked at was a 2018 with 8k miles on it and when we got to the dealership they already had it sold for 75k!

I’m affectionately known as the guy who got $11k off a Cruiser at the dealer.

 

[tincan45]

If I had the budget and wanted to own one for the long haul, I’d buy a new.

Reasons:

- I could afford it (i.e. What depreciation?! )
- I know every detail about the rig\service.
- Each year tends to be incrementally better with Toyota
- It's the end of the 200
- Mods (bumpers, sliders etc.) will last a lot longer and I would get a lot more value out of them. (That money never comes back). I would even argue a mod'd late model rig keeps it's value a lot better than a stock late model.

More power to the new car buyers! Without them, we don't have a used market.

 

[MikeVpdx503]

There’s a fine line on what makes sense on paper, and what provides joy, excitement, and the visceral connection you can have with an amazing machine.

Doing what makes sense on paper isn’t always the right thing to do.

Yes ! That was part of my point. If the IT factor (enjoyment) outweighs the $$, then the wallet has to surrender!

 

[vegasfj40]

Then there are guys that have 30k or more into their 80s not including the purchase price doing upgrades and building out their trucks. Both of my brothers like to drag race and build older fox body Mustangs doing coyote 5.0 engine swaps. That also doesnt make sense from a financial standpoint. But the thing is, for most of us this is a hobby and its what a lot of us enjoy whether thats buying something old like my 95 FZJ80 and building it out, or getting something new and enjoying that. Life is short. You have to strike a balance in life I think. As long as you have the money to spend on what you like and it doesnt cause a financial hardship for you or your family now or for your future you should be able to enjoy some of what you've earned. If everyone lived strictly from a financial perspective we probably wouldnt have a functioning economy.

 

[damdifino]

I drive a 2009 URJ200 with over 200,000 miles on it. I have to tell you, every time I get in it I'm thrilled like a kid with his first car. It drives like brand new brand new. I've been over all the trails in the San Juans and many in Moab, including White Rim and Hell's Revenge, and really beat this thing. Still have no rattles and no loosey-goosey. What I'm trying to say is that a URJ 200 a few years old is just as good from a driver's perspective as a new one.

 

[Crush 4]

Yeah, I hear what you are saying. Buying anything new is not an investment. Its a depreciating asset. If you invested 90k in a Vanguard total stock market index fund in ten years you'd probably almost double your money. It was really hard for me to pull the trigger on our 21 Heritage that we bought last month. I havent purchased anything new in almost 20 years. As a matter of fact, I havent purchased anything over 20k in almost 20 years! I actually cancelled the purchase agreement after sending the check. I just couldnt justify spending 80 or 90k on anything let alone a Land Cruiser. We looked for several months for a used 16 an newer but just couldnt find one. We missed out on 2 used trucks locally that sold as soon as they hit the market. We looked at a used 2020 Heritage edition in Santa Fe with only 1800 miles but the dealer wanted 86k for it! I told them no way but they already had it sold for that! Then American Toyota got in a silver 2021 Heritage that we looked at and liked but they wanted 15k over MSRP! I tried offering sticker but they turned us down. They sold it a week later. So someone probably paid over sticker for it. After some time debating and about just giving up we decided to go ahead and purchase our white Heritage. The dealer was also asking 6k over sticker but was able to negotiate 88k out the door.

I really cannot justify the purchase other than we are in our mid 50s, are financially set, and wanted something cool to tow our Casita trailer! Its a forever truck for us and hope it will last a good long time. I also figured that if we decided in a couple of years that it isnt the truck of our dreams then being a last year Heritage with low miles would still command a decent amount of money. So far we are loving our new Heritage! We've already taken it on some really awesome trips. Purchasing a new 200 isnt for the faint of heart. It really doesnt make much financial sense. But they are a special kind of vehicle that are very limited here in the US. I often wonder what the wealth is of the average new 200 buyer.

Let’s see a pic my silver ones due in a few weeks!

 

[timmysurf]

Some MY2017 also have the updated KDSS bolts, and the dealer can update the software to correct the hard shift under warranty

 

[vegasfj40]

Let’s see a pic my silver ones due in a few weeks!

I really liked the silver heritage we saw last month!

 

[grinchy]

If you want a 200 series that will hold its value, then you have to buy at the tail of the depreciation curve. My lightly used 2009 is worth the same I paid for it, maybe more. I've made enough modifications it would be difficult to sell to anyone but another forum member anyhow.
Having driven new ones while in the car search mode a couple years ago, I don't see the allure of having a 'new' car vs a 'used' car, but that might be the reality of cosmetic kid damage that I live in.

 

[Last200]

Great timing for this post. Thanks. Anyway, I take delivery of a '21 next week. I've wanted one for sixteen years, wanted a 100 for ten years before that. I was going to give my 4Runner a few more years but when I heard time was running out, I got the FOMO. Depreciation doesn't matter to me. This is our families forever truck. I hope my kids can drive it when they each turn sixteen.

Does anybody want to buy a 2014 4Runner Trail with 57K miles? (EDIT: Trade in and tax credit came to $20K)

 

[Last200]

I really liked the silver heritage we saw last month!


Which salesperson did you buy from at Findlay?

 

[vegasfj40]

Tommy Rayl.