What's up with the current market?
Posted by No_Faithlessness9695@reddit | askcarguys | View on Reddit | 5 comments
I've been in the market for a few months now, constantly going through CarGurus, Cars.com , FB marketplace, etc..
How do you justify $15k+ on a vehicle with over 200k miles. I saw a 4Runner with over 100k priced at $35k and some change. I understand Toyota and its reliability but there's a lot more to a vehicle than just its motor. Have any of you bought a vehicle with 200k+ miles ? What's the mentality there?
It's not just Toyota either, some brands are only a few thousand away from the price of what's coming into the market on the new end.
Just looking for something 4x4 or AWD as I am a landscape photographer and need something that can handle business. I'm between 4runner, tacoma, (maybe) Xterra, Subaru Crosstrek, contemplating a Nissan truck but certainly on the fence.
But more curious as to your perspectives of the current market
tap_a_gooch@reddit
Those cars cost that much because that's how much people are willing to pay*. It's simply supply and demand. Trying to apply some morality/emotion to it is just misleading.
As for 200k vehicles yes I have bought one Land Cruiser at 200k and another at 315k with no regrets. I've never even owned a car with less than 100k.
*Sort of, you would need to know how much they actually sold for, rather than the aspirational price of the seller. But on the aggregate it should be fairly close.
No_Faithlessness9695@reddit (OP)
I am not necessarily applying emotion or morality to it per se, more so practicality and logic. I wouldn’t actually mind buying something at 200k+ I guess I’m just ill-informed on the longevity of any vehicle past that mark.
tap_a_gooch@reddit
In that case, condition and maintenance is everything. Mileage is just a number, vehicles don't have an expiration mileage. Toyota's are better than most but they all have their issues and quirks. You'll need to research specific models and years to know what maintenance to look out for. Buy the newest one in your budget with the best service history with the least amount of rust.
slamdaniels@reddit
Alot of those vehicles you mention hold there value really well. 4Runners and Tacoma have certainly been like that for a long time. I don't really know much about the outback but I think if your looking for value than your best bet will be the Nissan pickup or Xterra if you can find one.
No_Faithlessness9695@reddit (OP)
I hear you, I've done enough research to understand the hype behind Toyota. Just bends my mind a bit to think of purchasing a car for a 5 digit price with 200k or more miles on it and was more curious to those who have.
Xterras have a slim margin but they do come a lot cheaper, I'm partial to the 4Runner if I am not going to worry about spending my bank account on fuel.
Thanks for your input