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How many miles is too many miles for a used truck purchase?

Posted on 7/4/15 at 11:37 pm
Posted by finchmeister08
Member since Mar 2011
35585 posts
Posted on 7/4/15 at 11:37 pm
looking to get out of my expensive car note on my '10 Tacoma, and I want to upgrade to a full size tundra (about a '04 to '06 crew cab model). I've found a few around my area, but I'm hesitant due to the miles they currently have. The 2WD models seem to range from $14k to $17k with a 100k to 150k miles. I know Toyotas hold onto their value, but what's the risk of buying these with that many miles on them?

I'm also open to purchasing a Sierra or Silverado crew cab around those same year models. Maybe even an F-150.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89475 posts
Posted on 7/4/15 at 11:44 pm to
quote:

I'm also open to purchasing a Sierra or Silverado crew cab around those same year models.


Trading a Tacoma to get a full-sized GM truck has to qualify as some sort of truck felony. It is definitely an affront to the truck gods - things will not go well for you, my friend, if you do that.

quote:

looking to get out of my expensive car note on my '10 Tacoma


How much do you owe on it? Because that would be more important to me than "the note".

quote:

about a '04 to '06 crew cab model


You know that truck is not a whole lot bigger than your 2010 Taco, right? Mrs. Midnight has a 2006 Tundra and it is just slightly bigger (maybe 10 to 12 percent) than a brand new Tacoma.

The new generation started in 2007. Those are robust trucks, comparable with American 1/2 tons.

IF you're going to switch to "domestic" (Toyota trucks for the U.S. market are made in San Antonio) - I'd recommend an F-150 - especially in the used market. Not perfect. Not Toyota, but not a terrible decision, either.
This post was edited on 7/4/15 at 11:45 pm
Posted by finchmeister08
Member since Mar 2011
35585 posts
Posted on 7/4/15 at 11:49 pm to
Well I kinda got raped from the dealership cause it was my first purchase ever. I went in with no money down and no credit. Financed it for 75 months to get my monthly payments where I could afford it. I'm in the middle of it now, and my trade in value is about the same as what I owe on it. Maybe a little more. It's a little lower than expected due to the miles I put on it the first 3 years. Now that I'm closer to work, it's slowed down a quite a bit.
Posted by toosleaux
Stuck in Baton Rouge traffic
Member since Dec 2007
9204 posts
Posted on 7/4/15 at 11:52 pm to
Would you entertain getting a diesel? I have a 05 Duramax with 205,000 miles on it and its as strong as the day I got it.
Posted by finchmeister08
Member since Mar 2011
35585 posts
Posted on 7/4/15 at 11:53 pm to
I don't think I could. The maintenance on those things can get expensive.
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89475 posts
Posted on 7/5/15 at 12:00 am to
quote:

Financed it for 75 months to get my monthly payments where I could afford it.


So you bought too much truck and it's hurting still.

Got it.

But, you're in the same situation if you cut and run. You'll have no money down, maybe a little better credit and you want to buy an older truck.

I'm just a little curious - would buy your current truck for what you owe on it? Can you get financing from your own bank or credit union and maybe extend you term? Because you have a great truck, on paper. If you need a full size, that's 1 thing, but I would try to get your Taco paid off - if properly maintained, it can last 250k or better. When my 2002 was totaled (a teenage driver in my household) - back in 2011 - it was a 9 year old truck with 175k and my insurance company cut me a check for $10k. I fully serviced the truck in the mid 100s and it had 100k left on it - easily - drove like a new truck with new tires, shocks and brakes.

I replaced batteries, the radiator, tires, shocks, brakes - and nothing else (other than oil change, air filter, wiper blade stuff) during the time I owned it.
Posted by finchmeister08
Member since Mar 2011
35585 posts
Posted on 7/5/15 at 12:05 am to
I Love my truck, but being in a relationship with a kid, it can get pretty tight. They don't ride in it too often so maybe it doesn't really matter. It's what I wanted when I bought it, and I still want it. I'm just thinking about the future.
Posted by Halftrack
The Wild Blue Yonder
Member since Apr 2015
2763 posts
Posted on 7/5/15 at 1:25 am to
5
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41520 posts
Posted on 7/5/15 at 3:49 am to
How much do you owe on it?
Posted by mallardhank
Atlanta
Member since Feb 2006
1275 posts
Posted on 7/5/15 at 4:18 am to
Up until now i believe you have been on the right track. If you had bought anything but the Taco you would be so far under water that you would never get right. I have a 2006 tundra with 243k, and while it is only slightly larger than the new tacos I still would prefer the larger vehicle. It's book value is still 10k. I just replaced the front universal joint and the power steering pump-all maintenance prior to that was changing the timing belt and water pump at one hundred thousand mile intervals, and regular oil changes. The timing belt change is recommended maintenance by Toyota.
Posted by member12
Bob's Country Bunker
Member since May 2008
32089 posts
Posted on 7/5/15 at 4:19 am to
I usually got between 185,000 and 225,000 miles out of my full sized GM trucks before we start having costly repairs. They all were four wheel drive with either the 5.3L or 6.0L V8s...although I hear the 4.3L V6 is pretty reliable as well. I know the Diesels are very sturdy, but expensive.

I also traded in a 4Runner with 195,000 miles without anything serious or costly until the very end. We didn't tow much with it. Tacoma is on a similar platform to the 4Runner, but it's lighter and thus may last longer especially if you don't tow. I'm a fan of Toyota's mid sized trucks, but I'm not sure new ones are quite as sturdy as they used to be.

In my experience, the Toyota and the GM trucks have different problems at that age, but they both had problems....and far less of them than the Ford or Chrysler products that we've had.

I'd say anywhere between 185,000 and 250,000 miles is a pretty good bet on the useful life of modern trucks from those manufacturers. I can't stress how important diligent maintenance is to even the best built trucks.
This post was edited on 7/5/15 at 4:27 am
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 7/5/15 at 6:41 am to
I've got nothing against a vehicle with 100k+ miles, but 17k is just too much money to spend on one no matter what make it is. And 150k miles would be pushing it. Although youve said your mileage has dropped recently, sounds like you have the ability to put a lot of miles on a vehicle. The 200k mark sounds like when repairs start getting expensive. You could easily hit that in 3-4 years. Is it really worth financing something for 4-5 years when you pretty much know be getting rid of it before you're done with the note?

Do you really need a truck? Do you really need a full sized four door truck? Just saying that because its an easy way to get your finances on track by opting out of a vehicle that might not be necessary. At least for a little while. I had a truck from high school until about 4 years ago. Drove a paid off Carolla for a little bit while saving up to by my Tahoe. I need a truck once in a blue moon, but absolute worst case, you can rent one easily. Is it really worth putting your financial future in a sqeeze to have a bed on the back of your vehicle? Not trying to judge, just know so many people (lots of friends amd family) who feel like going without a truck is a death sentence. Its not, and thats coming from an avid outdoorsman and someone whose fixed up a starter house himself all without a truck.
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
68262 posts
Posted on 7/5/15 at 6:46 am to
quote:

being in a relationship with a ki


By kid, i hope you mean at least 18.

quote:

it can get pretty tight.


I will leave this alone
Posted by The Bruce
Member since Dec 2013
951 posts
Posted on 7/5/15 at 7:03 am to
Posted by yellowfin
Coastal Bar
Member since May 2006
97612 posts
Posted on 7/5/15 at 7:14 am to
I'd have to have brain damage to spend 15k on a 10 year old truck with 150k miles
Posted by djangochained
Gardere
Member since Jul 2013
19054 posts
Posted on 7/5/15 at 7:22 am to
I just get a new truck every 2-3 years.
Posted by sbr2
Member since Apr 2011
15012 posts
Posted on 7/5/15 at 7:24 am to
Oh Finch
Posted by mtcheral
BR
Member since Oct 2008
1935 posts
Posted on 7/5/15 at 7:39 am to
My '05 tundra was totaled late last year when done idiot T boned me. It was going strong at about 100,000 miles and I was gonna keep it a few more years. But I had already paid a good chunk to change timing belt and water pump as well as fix AIP. Steering rack was starting to leak and would've eventually needed to be changed. They gave me 16k for it.
Wanted to get into another vehicle for same amount to come out even because the other had been paid off a while, but just couldn't justify getting into another which all had higher miles than mine and I didn't know if any of the other common expensive issues had been resolved yet. Ended up with new Tundra and a note.
Just know that as reliable as any truck may be, that mileage range is going to have maintenaince issues popping up, not cheap.
Posted by CajunSoldier225
Member since Aug 2011
8990 posts
Posted on 7/5/15 at 7:46 am to
I just bought a used 2013 Ford F-150 XLT with 11,315 miles for a little over $19k.

I traded in my '06 full sized 'yota Tacoma. Got somewhere near $10k for trade in but then again it was paid and I abused the hell out of that thing.

I am extremely pleased with my purchase. Came with all the bells & whistles minus that touch screen BS.
Posted by Hammertime
Will trade dowsing rod for titties
Member since Jan 2012
43030 posts
Posted on 7/5/15 at 7:47 am to
I bought a crew cab LT gas 04 2500hd last year with 100k for $14k after taxes/title/license. Paid cash and have no note. Put around $750 in repairs (steering and suspension rebuild, tune-up) that it didn't really need. I am expecting a minimum of 200k out of it before any big problems. I drive vehicles very hard and still expect that. Parts are very cheap and it's easy to work on.

There are probably a few hundred thousand examples of that truck with over 250,000 miles running around. The only other truck I was looking at was a Tundra, but I didn't like the seating/steering wheel position, so I went with a 2500hd. I'd say either of those would be good to look at if you don't mind horrible gas mileage. Very stout and reliable drivetrains and the same with their engines.

If you're looking for a truck with good gas mileage, idk what to tell you. After my last truck, I buy them strictly for reliability and nothing else
This post was edited on 7/5/15 at 7:53 am
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