2024 Toyota Tacoma Resale Value Is BAD - 150k Mavericks Recalled Again
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- Опубліковано 29 вер 2024
- 2024 Toyota Tacoma Resale Value Is BAD - 150k Mavericks Recalled Again
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Vehicles arent investments and this is why we shouldn't be paying for these massively inflated prices, id also expand on the idea that mods add value, mods like this are individualized. They look good though but they're not mine
many mods do not carry much vale. but tonneau cover, better tires, and window tint do. Window tint especially in the south. AS do appearance mods like the new wheels and black out package. people pay more for that stuff. 100% agree with you that these are investments and never pay high prices! Never let a truck purchase be emotional. Buy what fits your needs that you can get the lowest price on. Value comes at the pruchase not at the sale at the end.
43k MSRP that he got for 38k. That tells you that Toyota has them overpriced. Tacomas have historically never had the biggest discounts off MSRP in the past.
Gone are the days Toyota prioritized rock solid reliability for a decent price. They have cheapened AND inflated prices. Buh Bye Toyota!
many toyota loyalists are very disappointed about the direction toyota has gone.
My days of buying new tacomas every 3 years and selling for close to the same price I paid are over
I guess I’ll have to hold onto my 23
sadly that is the times we live in now.
Toyo fan boys in for a wake up call
What about the Ford Fairy Followers? They are still the king of recalls and shit 💩 resale values
TFL lost about $5k on their Tacoma in June but they sold it to a dealer they regularly work with. I am actually surprised that this guy got his with a $5k discount ($38k vs $43k MSRP). That alone is news I believe because this Tacoma is in its first year of sale period and it’s already discounted by 10%?
Many toyota dealers are not budging on prices. so in his area 5k might of been the best that could be done.
The Chinese are putting a lot of profit pressure on Toyota. China used to be a money printing machine for auto makers and now it's a money pit. Toyota is also under pressure in the 3rd world markets it used to own. This means Toyota is under a lot of pressure to cut costs.
I had a 2024 Tacoma as a rental truck for 2 months. It’s really flimsy truck driving on the highway can feel the truck is very weak and fighting to shift. The seat rattle all the time, back seat is very tight no room for legs at all. Sadly Toyota managed to ruin their best trucks
Yep i have drove 3 of them now and not impressed with the quality or the motor. The motor makes you smile and like the power, but I'd prefer the proven 3.5 v6. And the interior quality has definitely taken a hit with corner cutting
Why disappointed? EVERY vehicle you buy new is going to drop significantly.
EVERY Stealership is going to offer you THE ABSOLUTE lowest black book trade in price.
EXACTLY! No longer toyota trucks of the past. Not worth half what they are MSRP.
he’s disappointed because the older gen tacoma’s didn’t depreciate much. The Tacoma and Wrangler used to be top of resale value.
@@Edddie-iu3zk I own a one year old Tacoma Pro. Bought it for 61,500 including freight and pdi and with $20,000 kms on it I can trade it for $58,500 today. That’s what Toyota Tacomas used to be known for. Gen 3 is the last of the great Tacomas
a 2023 tacoma (same brand and model) cost more used than a 2024 used does.
I think you’re gonna have 50k subs on this channel by this time next year. Super consistent
Thank you. Greatly appreciated.
Yes my 24 tundra dropped big time. But I'm confident it will balance out after 3 years will see. Possibly trade at that point
I agree-just give it some time.
Yep time will catch up and make it a better time to sell.
new 4 runner! will be the same wont hold is value!
Agree
Glad I'm not stupid enough to buy that new truck, get ripped off when you purchase it & really get fucked when you turn it in... It's a piece of 🗑️ & doesn't surprise me 1 bit! Lots of ppl fell for it
Right, you’re just dumb enough to make yourself look stupid by writing an idiotic rant based off an opinion built on watching clickbait videos… I’m not surprised either, there’s lots of folks with brain rot these days.
toyota fanboi fell for it!
@@theeconomist100I guess my comment violated the rules because it’s mysteriously vanished. I’ll never understand y’all’s obsession with hating on stuff that you don’t want. I love my truck. It’s perfect. Call me stupid if you want, but coming from a 3rd gen taco, the new one is awesome!
@@theeconomist100 yep & it's going to cost them thousands of dollars for their stupid ass loyalty to Toyota
Glad you like your truck. The message is that the new Gen is not what Toyotas was. Tacomas are known for being affordable, reliable, excellent value holding truck good to run half a million miles with proper maintenance. New Gen is the total opposite of what most past buyers want. It won’t last, it won’t/isn’t reliable and won’t last. It doesn’t hold its value and it’s overpriced to begin with.
Very sad that Toyota lost their way… Enjoy your truck because few will want it.
Ford recalling vehicles like they are candy 😂😂😂😂
very true
Toyota is now a normal car manufacturer, push it out for profit on paper, and recall it later. Unfortunately all makers do this now
Agree
Absolutely. Gone are the days Toyota prioritized rock solid reliability for a decent price. They have cheapened AND inflated prices. Buh Bye Toyota!
25 pct loss in 2 months somethings not right.Did he say why it lost so much.
@tomclams3689 loat so much because the demand is not there. So many tacomas on every dealer lot, and sales numbers for the tacoma are way down. And many toyota loyalists don't feel the 2024 is going to be as reliable or last as long as previous generations. So value tanks
@@Jason-Samko makes sense they should have kept the 6 cyl.
That where the price should begin with. It just over priced. Unfortunately many buyers still fall for it and regret later. 😅
@tomclams3689 many toyota loyalists are very upset with the new motor direction
I finally drove in a new 2024 (passanger). Its definitely quicker and looks updated inside. For some reason, possibly what i hear about the new Tacoma online, it feels cheaper. It gives me China knock off vibes if thats understandable. I have a mid 80s Honda trike still runs like a top. The cheap China quads you get today you might get a year or two out of them. Thats how i kinda see this new Tacoma. Great channel by the way!
"Chinese knockoff" good description.
I would agree with that 100%
The Tacoma guy may as well just keep + drive it. You win some + lose some. He bet on the wrong truck. Can’t win them all. Cheap TEMU vehicles, that’s the world we live in now. Another endless Ford recall, I don’t own a Ford but they’re wearing me out. Looking forward to seeing the new 2026 Crosstrek Wilderness, hope they get rid of the Thermo Control Valve and go back to regular thermostat. Mr Subaru1387 says it’s junk. Thanks Samko good video.
agree on all points.
Over the last few years the midsize pickups have dramatically upped their games as Toyota got complaciant I mean the Colorado zr2 the Nissan pro 4x the gladiator the ranger tremor & ranger raptor people have lots of choices of the best midsized trucks we've ever seen on every level so as usual I completely agree with all you said ps great review thanks
yes ton of competition in this segment.
agree 100% other truck brands are advancing in the right direction.
Sure is. Never been a better time to be in the market for a midsize.
@@Jason-Samko recently I've been leaning towards the frontier hydraulic steering I don't have to open apps & go through pages to turn on/off my lights a great V6 that reminds me of my old penestar V6 it's refined old school a couple of years ago I wouldn't had considered Nissan but the frontier reminds me of the ram Dakota we never got I'm glad Nissan choose their own direction
It takes a very long time to build a reputation but it can be lost in a single heartbeat.
@@shawnn6926 very true
No one expects Toyota to "rewind the clock" regarding their move to truck turbos. What happens when they "fix" the bugs? Every mfg has downsized their truck engines and offering turbos. Turbos need to be replaced at roughly 125k (not 150k), which is a dealership's wet dream - cha-ching $thousands$. If you want to sell any truck (w/turbo) with 90 - 115k with the original turbo good luck. It's no coincidence that every mfg and after mkt maintenance warranty company stops coverage at 100k miles. Folks the fix is in !! A truck with a turbo and the mfg's and dealerships are just laughing at us. Ford is the only mfg that offers longer than 100k warranties, that is if you want a Ford.
I predicted this. Toyota's secret sauce was in not changing things drastically. Their reliability came from slow continuous improvements and a refusal to constantly provide the "latest and greatest." This is why I raced to buy my 2023 Tacoma. Old school Toyota reliability. They'll figure these new models out, but it'll take years.
agree. will take years to get toyota back on track.
To be fair, it appears used car sales are not good right now in general, right? I believe those numbers on the 24' Tacoma could be impacted to some significant degree in these numbers. As a proud owner of a '18 TRD Pro, I love the look and extra power of the 4th Gen, but.... V6! I'm sorry, I know I'll lose the race but, my radio doesn't have to pump in fake engine noises to make it sound great. My fresh air intake and Magnaflow exhaust takes care of that all its own! :)
Third Gen Tacomas may go up in price because people are so focused on “brand”. I’d rather have a used Frontier with more features and power for less money.
It's not just toyota. It's the whole car market. Trade in value are super low. Because they can't sell new car like they used too. Wow genius
meanwhile my 3rd gen tacoma has increased in value from when i bought it despite 30,000 miles.
lol did you all forget about the market before Covid ….. tons of vehicles on the lot to choose from and lesser trade in values, my gosh are people that short minded… on top of that 3rd gen guys will do ANYTHING to justify the last 8 years of bitching and moaning about the issues with those trucks. It’s been a long time but I was there for the entire life of the 3rd gen. It was as far from rainbows and butterflies as it gets including right up until the end of its life. Best thing Toyota ever did was move on past that truck that dates back to 2005.
Thats what they offered him, then the crooks would put it back on the lot used at like 2k less than MSRP
I've been waiting to buy a frontier. I'm watching for reviews from folks and recalls. Toyota is too overpriced for me.
Just bought a 2025 pro4x. $4000 off msrp and they gave me what I wanted (kbb) for my trade in, paid cash for the difference. Great truck so far!
@Spencer-ry6xl thanks for the info 👍
Frontiers are pretty much bulletproof. There are a couple minor recalls out that affect some, but not all Frontiers. Meanwhile, Tundra's recalled for blown engines. Tacoma has a transmission recall out. I have a 2024 fully loaded SV 4x4 long bed with 13.5K on the clock. No issues at all. Did I mention it has a real V6 engine? Just get the American made Frontier and steer clear of the Mexican made Tacoma.
I have a pro 4x frontier. Seating, throttle response, and transmission shifting is awesome. Go test drive one. Way better than tacomas.
I just bought a 2024 Pro4x. It's put together really well. There are a ton of reviews on them and the 25 is only cosmetic internal and external changes (bigger screen if you care). I got 7k off MSRP so if you don't care about the 2025 refresh go get one of the 2024's because the deals are definitely there right now.
Lol. Sell it? He can't; he's stuck with a crap truck! 💸💸💸😂
1st year new model.. no1 wants, like any manufacturers 1st year redesign
That price is what it supposed to begin with. Unfortunately many buyers including this dude don’t mind paying for 😅 at the beginning. To be honest, It not he want to keep it, he has no choice due to the lost that he will get slap with if he trying to sell it. He should knows better. Don’t feel sorry for him.
Overpriced is overpriced. What the SR5 is worth.
That's normal price lost every car would be like that
the 23 tacoma (same truck same brand, one year older) cost more used than this 2024 does.
When you buy new…you generally lose money. Fact
Mods don't add value when you trade in a vehicle
Seen one video where a guy was driving his buddies TuRD Pro and the hood was rattling at highway speeds. That’s ridiculous for a $70k truck.
seen that a few times too. the hood flutters and shakes.
Flimsy trucks nowadays. Pay more for less. Overpriced new Toyotas. $43K for a SR5 is absurd
@@baoly9550 agree
No hate at all. I’m glad
You like the truck and have no issue with what Toyota is asking you to pay for it. It’s just not what it was and never will be. That’s why the resale value is what it is and will continue to plummet. Is sad that Toyota has lost its way and is chasing profits and government incentives rather then being concerned with the reputation that have built making affordable, long lasting midsize and full size trucks. I’m sure a 4 cylinder turbo truck will be fine for you short term. Perhaps sell it and take the terrible resale hit in 3-5 years but keeping that truck for 5-15 will come with an experience unlike past Toyota Tacoma experience.
Glad you like the truck!
@Seaward1224 you should watch some of my other tacoma videos. I'm the farthest th8ng from a toyota supporter right now. Yes the truck is nice. But I hate what toyota has turned into and how they treat their customers. But the truck itself, well with what we have available now and the direction all manufacturers are going i think the tacoma is a good truck. Over priced, most definitely, but a good truck. But I currently hate toyota and how it treats it's customers
All new vehicles drop significantly the 1st year. Another reason not to pay markups, that’s gone too.
Yep never pay mark ups and always buy under msrp as much as you can. If a truck wont sell for under msrp I wont buy it. Best deal wins for me all the time. Never let a vehicle purchase be an emotional one.
Here in socal, Santa Barbara, there’s 24 with 2-4 grand off already.
They've got 25's coming. 2-4 grand aint enough. I used to live down that way so I know people will buy them or likely lease just because of the T badge.
Toyota wasted tons of money trying to fix something that wasn't broke.
@shannoncasper8670 excellent way of saying it
The Tacoma party is over. Cant trade every two years and not get hurt anymore.
Sadly I agree.
Guys, lets put things in perspective. The resale value makes sense only if you sell and buy a new car every year or every two years. If you buy a car you like and intend to keep it a long time, the resale value is meaningless….you’re not loosing any vehicle value because it has a practical and longevity value for you. So, if you purchase a vehicle with the intent to keep it “forever” and the vehicle will last many many years reliably, you are not loosing any money. You cannot compare the concept of “flipping” cars and longevity/reliability. Two different concepts- two different approaches.
On a different note, the only simple and reliable truck in this segment is the V6 Frontier. The 4cyl turbos will be dropping like flies as time goes on. Doesn’t matter how much they rave about the new 4cyl turbo trucks, you can’t cheat physics…the turbos cannot and will not have the longevity of NA V6 - plain and simple. Unless you’re in business of flipping cars every couple of years…in that case you don’t care.
Until you're in an accident and your truck is totaled. Your insurance carrier will cut you a check for a much lesser value. Resale always matters for the 1st 10 years.
depends on how many miles you drive a year. For instance I drive a new truck every 2 years and its cost me less than 100 bucks a month to do that. And if I were to plan to keep a truck for long term it would be wore out in 5 years with 200k miles. and then worth 5k. meaning my cost would of been 7-900 per month and I would have to repeat it again as soon as it was paid off. If you are someone that only drives 10k miles a year what you are saying might be true. But it doesnt work for many of us that drive alot. This time of year im doing a 5k oil change every 3 weeks.
Resale value is not at the end it happens at the purchase. all trucks resale at the end is within 7% of any other brand. But the deal you get when you buy it is where the power is. If you get 20% off when you buy it you have much better value at the end than if you bought it for 5% off.
I had a look at a Tacoma at my local Toyota dealership yesterday, 2021 with 80 on the clock and they still want 50k for it.
Thats the last time I stop at a Toyota dealership
Yep the 3rd gen is super high demand. Many dont want the 4th gen
@Jason-Samko agreed, "I will just buy an older ru around for a year or two and see what happens.
Jason, I want to see your video on why youre upset with toyota.
@axellness gonna have a new one out in a month (I have a 3 week vacation planned and am making videos to publish while I'm on that trip). It will put it all in one video. Until then I talk about all of it in bits and pieces in many of my toyota vids.
The main reason I was able to get my Gladiator is because they did so well on my 2021 Tacoma trade in. I couldn't imagine having that much offset and negative equity on a brand new Toyota. The tundra Tacoma and 4 runner were their cash cows, not sure how the company is going to continue especially after extremely expensive recalls and engine replacements
Toyota will be fine, unfortunately. The profit they are making on these new shitboxes must be insane, otherwise why would they do it?
Tacoma and Tundra is not their only vehicle line lol. Rav4 is literally the best selling vehicle in the US currently lol.
My opinion, I think the 3 gen Tacoma is a lot better newer, 4 gen Tacoma but I think Toyota corporate had to go to better emission compliance than anything that’s why they had to go to a four-cylinder turbo at the cost of reliable and dependability for the consumer and everything’s made in Mexico, except the engine that built in Huntsville, Alabama
All very true
emissions arent why the new truck doesn't have bumpstops.
@@HAHA.GoodMeme Toyota is using cheaper part to make a higher profit margin bottom line they’re cutting corners to make a better profit
I’ve owned three Tacoma’s. For what you get, I’m getting a GMC Canyon.
Love the gm twins midsize trucks. Best trucks available today in my opinion
When the infotainment shits out on you randomly dont say I didnt warn you. GMC is amazing on paper, self-destructs in your driveway.
Sad, Ford can't program a backup camera
All tech is a nightmare in new vehicles
The market is adjusting to the actual value of the Tacoma. You never get money back for mods.
We all knew that 2.4l turbo specs were going to get old quick and people were going to regret buying this small engine truck. I told folks if you have a 3rd gen I would hold on to it cause the value and build quality of that truck will be highly desirable. Watch how fast it flips to where the 3rd gen trade in will be higher than the new 2024 tacoma.
Its already there! Your right about the value. The 23 tacoma cost more used than a 24 used does.
Most dealerships are jam packed with a brand new vehicles. There's no reason why anyone should pay MSRP for a new vehicle right now.
Agree 100
You should know that aftermarket additions (wheels, tonneau cover, illegal tint)have no positive value in resale.
they do. Not full value but they definelty do. otherwise dealers would not charge more for lifted trucks and better tires etc. but they do.
I remember when the Wrangler and Tacoma were the top of resale value and had lowest depreciation.
@@AutoEnthusiastJC yep was just 2 years ago.
It had a good run.
Nothing unusual about the trade in value on his pickup. It's used and its a year old.
a 2023 tacoma (same brand and same model) cost more used than a 2024 does.
They actually make the car worth less because the dealership will said it destroying the warranty with the aftermarket upgrade.
My friend, a Toyota tech, says problems are popping up on the previous generation truck. They are blowing head gaskets around 100K miles. Always the same cylinder. He says he's getting tired of doing head gaskets.
This is because the official coolant change interval is too long. It gets acidic and eats away at everything. When it fails in these trucks, the engine still runs it just leaks coolant until the gaskets are replaced.
Change your oil every 5k miles and coolant every 30k miles and this wont happen to you.
@@HAHA.GoodMeme I do remember him saying something about the coolant being acidic.