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Offer on my '13 Tacoma...

Ken & Peggy

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I had my Tacoma into the dealer for a recall issue (possible frame corrosion that it doesn't have) and an oil change blah blah blah, and they offered me $17k for it. I know used cars are selling at a premium but this is crazy to me. 152,000 miles. I had Carmax appraise it - $16,800.
Finding a new vehicle isn't easy, and nobody is dealing like 'normal'. But, it's got me thinking about it. If the gain on the value of the old truck is much greater than the loss of flexibility on the deal for the new, it may be a good time to replace. Before rates on financing go above 2.25% or so...
So tempting...
 
I had my Tacoma into the dealer for a recall issue (possible frame corrosion that it doesn't have) and an oil change blah blah blah, and they offered me $17k for it. I know used cars are selling at a premium but this is crazy to me. 152,000 miles. I had Carmax appraise it - $16,800.
Finding a new vehicle isn't easy, and nobody is dealing like 'normal'. But, it's got me thinking about it. If the gain on the value of the old truck is much greater than the loss of flexibility on the deal for the new, it may be a good time to replace. Before rates on financing go above 2.25% or so...
So tempting...


My truck is ‘12 Ram 1500. I bought it used back in 2017. Looked not long ago & I could probably sale it for me than I paid for it which is crazy. The Blue Book value was more for sure. Of course anything I would buy is up in price right now too.
 
What would you replace with?

Me? Not sure. Maybe another Taco. Definitely an AWD or 4WD. Amazingly some full-size trucks are getting better mileage than the Tacoma. But they have gotten insanely priced afaic. But I'm old enough to remember when pick-ups were the least expensive vehicle in the lineup...
 
Not sure what those have to do with Brown County State Park....but I sold by Camry for exactly what I bought it for 40k miles later.

I want a v6 minivan or small truck....good luck with that!!!
 
Last time I checked the numbers, used vehicle prices were up 18% over the previous year, and new vehicles were up something like 48%. I also recall hearing that Toyota had shut down all of its factories in Japan due to parts shortages, though I think things are still somewhat moving in the North American factories. Interesting times.

We took a different approach when we got our truck...we went with a Dodge Ram 2500 diesel. There were several reasons, a big one being that my wife and two youngest daughters were rear-ended in our former Chevy Suburban while they were fully stopped on the highway by a large truck travelling at a high rate of speed. The Suburban absorbed the impact, saving their lives, along with the lives of at least the two vehicles in front of them, before flipping over twice and landing in the opposite lane. My wife remembers seeing our daughters while upside down in mid-air through the rearview mirror thinking they were going to die. Amazingly, the daughters were relatively unscathed (physically), and my wife suffered some minor back injuries that have since fully healed. However, she didn't want to drive for a long time, and when she did, she wanted an even bigger tank than the Suburban.

Another reason we went with the diesel was that we fully expect the Cummins engine to last for a million miles (and I'm a sucker for straight-6 engines!). With gas trucks, we would expect 300,000 miles, so we'd be on our third truck at the same million-mile mark. Even with the higher cost of maintenance on a diesel and (typically) higher diesel fuel prices here in California, long-term we come out ahead.

I do like the Tacomas, though. A buddy of mine converted his from 2wd to 4wd, and made some other fun modifications. On our last trip doing the Rubicon trail, his truck and my Jeep were the only two vehicles in the group to do the whole thing without taking any of the (easier) bypasses. So nothing but respect here coming from me...Toyota has done a great job!
 
Last time I checked the numbers, used vehicle prices were up 18% over the previous year, and new vehicles were up something like 48%. I also recall hearing that Toyota had shut down all of its factories in Japan due to parts shortages, though I think things are still somewhat moving in the North American factories. Interesting times.

We took a different approach when we got our truck...we went with a Dodge Ram 2500 diesel. There were several reasons, a big one being that my wife and two youngest daughters were rear-ended in our former Chevy Suburban while they were fully stopped on the highway by a large truck travelling at a high rate of speed. The Suburban absorbed the impact, saving their lives, along with the lives of at least the two vehicles in front of them, before flipping over twice and landing in the opposite lane. My wife remembers seeing our daughters while upside down in mid-air through the rearview mirror thinking they were going to die. Amazingly, the daughters were relatively unscathed (physically), and my wife suffered some minor back injuries that have since fully healed. However, she didn't want to drive for a long time, and when she did, she wanted an even bigger tank than the Suburban.

Another reason we went with the diesel was that we fully expect the Cummins engine to last for a million miles (and I'm a sucker for straight-6 engines!). With gas trucks, we would expect 300,000 miles, so we'd be on our third truck at the same million-mile mark. Even with the higher cost of maintenance on a diesel and (typically) higher diesel fuel prices here in California, long-term we come out ahead.

I do like the Tacomas, though. A buddy of mine converted his from 2wd to 4wd, and made some other fun modifications. On our last trip doing the Rubicon trail, his truck and my Jeep were the only two vehicles in the group to do the whole thing without taking any of the (easier) bypasses. So nothing but respect here coming from me...Toyota has done a great job!

Wow, traumatic all around! That certainly makes the case for surrounding yourself in a large vehicle.

I don't think we'll be making any decisions quickly, as we're leaving the country next week for a couple months. The value of the Tacoma isn't likely to come down in that time, but the availability of any new vehicle is only going to get worse I believe. Now is probably the best time to make a change. But the truck's only got 151,500 miles so it's good for several years yet. It's just tempting to me to see if I could put together a nice package on a new vehicle (Tacoma or otherwise) without overpaying. A big IF.... ;)
 
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Curious about more of your thoughts and experience in the "Cummins in Dodge", wonder your reaction to
- interesting take on diesels here...

I've come across this video before. I agree with a lot of what he says. I disagree on the costs...diesels are more expensive, both initially and in terms of maintenance, but in the long run (assuming we can get at least a half million miles) they should be cheaper by the calculations I did before we bought it. We are approaching 100,000 miles with zero issues, and so far everything is as we expected cost-wise. I do like to torture my wife with the idea that the turbo might fail and we'll have to shell out $10k to replace it, but in reality turbo failures are very rare. I definitely agree on the complexity being too high, but that's my complaint with ALL modern vehicles; it will take a world war for people to understand how bad the complexity issues really are...but for now, everyone wants more and more technology jammed in. I keep my trusty Kawasaki KLR 650 motorcycle around for bulletproof reliability...it's the A-10 Warthog of the motorcycle world. At any rate, most of the problems I've read about with the Dodge/Ram trucks leading up to my era (ours is a 2016) were electronic in nature, which happens to be my area of expertise. We gambled a little knowing that there had been electronics issues in the earlier years and the complainers were, justifiably, very vocal; but we though they would likely have them sorted out in the year we bought...so far, it seems to have paid off. (The complaints about Dodge/Ram electronics in Gen 4 trucks reminded me of the complaints you hear about Harley-Davidson motorcycles being unreliable, which was primarily an artifact of the 1970's AMF years. Those problems got fixed, and they've actually been pretty reliable bikes ever since.). Refilling the DEF sucks, but it's not nearly the pain in the butt that the guy in the video makes it out to be.

In my opinion, the most important and potentially costly part of a vehicle is the engine...so going with the Cummins seemed reasonable to me right off the bat (and I have a straight-6 gas engine in my Jeep, so I was already a fan of that engine configuration for simplicity and ease of maintenance). It's just an incredibly solid engine, despite the complex subsystems that have been added on over the years. Looking at the structure of the vehicle itself, Fords are the clear winner. However, a lot of structural issues I read about with Dodge/Ram seemed to in areas where the roads get salted or the vehicles are getting abused (I live in California where we don't have salty roads, and both my wife and I are very careful, meticulous drivers with the truck)...so not too worried here. The Allison transmission is super nice in the Chevy's, but if you aren't towing huge loads (the biggest we tow is our 560) and aren't treating your truck like a race car (mostly an issue for the younger crowd), the Dodge/Ram transmission should be fine.

I'll add a key point here where I disagree with the guy in the video for the Dodge/Ram Cummins setup: IF PROPERLY MAINTAINED and NOT ABUSED, I don't see any reason why this truck wouldn't last until 1 million miles. I've put my money where my mouth is, and we fully intend to see if we can make that million mile mark.

A couple of other things I liked about American diesels in general:
1.) I'm an economics junkie. We're in an era of economic trade wars and supply chain breakdowns. You could see it coming from a structural standpoint a decade ago, and it's painfully obvious to the regular folks (with a low tolerance for the dismal science of economics) right now. Having an American vehicle offers a slight edge that you might be able to get parts if things go wrong on your vehicle. Not perfect, of course, since most parts are made overseas these days whether the vehicle is domestic or foreign, but at least American-OWNED companies should have an edge in either getting priority OR getting bureaucratic red tape cut to manufacture parts domestically if things completely break down.
2.) The range of our truck is around 500 miles. I really like that. I can make it from my house in Napa, CA to Elko, NV (almost to UT) on one tank. Not as common to have amazing ranges in gas vehicles. It helps when you can't find open gas stations nearby (I'm looking at YOU, western Nebraska!).

The smaller straight-6 diesel in the Chevy's and GMC's that they have now does intrigue me. I'm curious to see how that experiment turns out. My daughter and son-in-law just got one (the GMC), so I'm frequently pinging them with questions. So far, they really like it. From what I've seen, they have a lot of well-thought out features.
 
Thanks, Mike for another jam packed post, much to unpack and I expect we'll be having a private chat around the campfire on economics too...

Back to the point of OP, I am also exploring possibilities next vehicle, no rush but happen to be blessed to have expert advice on diesels coming from another source, will share when I do...
Dodge Ram 2500 cummins is on the short list, thanks Mike.

Happy to help, for whatever it's worth. Good luck in your quest...vehicles are a very personal choice, but are ideally sprinkled with a little sound reasoning. Hard to go wrong with any of the modern diesels, as long as you recognize the risks associated with their complexity (also true for modern GAS vehicles, too). And with the U.S. dollar now ending its reign as THE world reserve currency, I'd suspect fuel costs will become an increasingly larger part of the 'buying a vehicle' equation.
 
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