What would you pay? (Tacoma question)

[bobmono]

Hey all,

What do you think is a fair price for a Tacoma with the following mods?

• 2014 Toyota Tacoma Access Cab
• SR5 package
• Tow package
• factory navigation and Toyota EnTune bluetooth radio
• 6 speed manual transmission
• 4.0L v6
• 15,000 miles
• extended 60k mile warranty
• 3" Icon Vehicle Dynamics Coil Overs up front - 2.5" remote reservoir style
• custom alcan leaf springs for rear
• 2.5" remote reservoir shocks in the rear like the fronts
• ARB air lockers installed both front and rear - wired to factory switches for super clean install
• ARB air compressor under the hood that is also capable of airing up your tires
• Rigid Dually lights installed up on hood hinge for use as ditch lights - wired to a factory switch
• Rigid Dual Spot 20" light bar installed on bumper - combination beam - wired to a factory switch
• PIAA fog lamps installed in bumper wired to factory fog lamp switch
• All-pro Apex aluminum front bumper - powder coat
• All pro front skid plate
• Super Winch 9,500lb Talon (high-end) series winch. With extras like synthetic line, factor 55 thimble and slee offroad fair-lead for synthetic line.
• Sealed AGM battery installed under the hood
• Slee off-road sliders
• LRA 32 gallon extended range fuel tank
• 5 - 17" ATX Mojave teflon wheels with 5 - 285 size Goodyear Duratracs

I have an idea of what I think is fair, but I'm pretty new to the Tacoma world and was wondering if you experts had any opinions? Thanks!

 

[bkg]

That's a $45K build, I'd estimate (depending on labor). Stock, someone would ask about $28-30 k for it around here. So I'd guess someone woudl be asking in the $40K+ range.

Take the private value of the stock truck, add 1/2 price of all components and laber as a starting point?

 

[Dances with Wolves]

I'd put in in the $45K range. Someone put a lot of premium parts on it with very few miles. Where are you located and what's the asking price?

 

[mrothwell]

I hate to say it, but I'm thinking that unless the seller markets it just right, that's a $28k truck. Reason being--most people have to/want to finance purchases over about ~$10k. Ain't no way anyone is going to be able to finance that truck for $45k, so you'd have to pay cash. Nobody has $45k cash to just blow on a truck, people with the business skills to get a lump of cash like that are going to invest it instead of blowing it.

 

[Dances with Wolves]

@mrothwell. Not sure where you live but in Utah it would fetch in the 45K range. Money is soft. I sell insurance out here in the oil patch and I see plenty of $60K and up Bro rigs getting financed. Smart? probably not, but doable. Plenty of folks dropping that on euro cars that are worth 1/5th of purchase price 5 years later.

 

[bobmono]

I'd put in in the $45K range. Someone put a lot of premium parts on it with very few miles. Where are you located and what's the asking price?

Colorado - He want's 44K

 

[mrothwell]

@mrothwell. Not sure where you live but in Utah it would fetch in the 45K range. Money is soft. I sell insurance out here in the oil patch and I see plenty of $60K and up Bro rigs getting financed. Smart? probably not, but doable. Plenty of folks dropping that on euro cars that are worth 1/5th of purchase price 5 years later.

You're missing my point. The bank has a table of what the car is worth, and they wont lend much over 100% of the value of the vehicle. I know my credit union will go 101%. If the bank says a duramax diesel dually lone star edition is worth 60k, they'll loan you 60k. However, banks don't count mods into the value of a vehicle, because if they have to repo it, they're not going to go through the trouble of posting on a forum or parting it out to recoup the money. They're going to dump it auction to try to get as much back that they can.

That guy will be pretty unhappy when he ends up trading it to Carmax for $20 grand. He'd be better off stripping the parts off and selling it for a reasonable price, ~$26-28k

 

[Ryanmb21]

@mrothwell, just because the people you are referring too can't afford the truck, doesn't affect it's value. I bet that truck sells for $38k+

 

[deadbeat son]

You're missing my point. The bank has a table of what the car is worth, and they wont lend much over 100% of the value of the vehicle. I know my credit union will go 101%.

And my bank goes 120% of NADA retail value. And I'm sure there are others that will go higher than that for some customers. If someone puts down $10k, and their bank goes 100-120% of retail, problem solved. $10k isn't an unreasonable amount to have saved up for someone that's considering a $44k truck.

 

[Dances with Wolves]

@mrothwell. In the past 25 years I've been in Insurance agency owner, Dealer F&I Officer, and for a time, a bank loan officer. Banks will finance Add-ons, dealers do it daily. Sure, might pay a higher interest rate and may have to come up with sizeable down payment depending on your credit worthiness, but it happens.

 

[Martinjmpr]

.
The other thing with modified vehicles is that the "pool" of potential customers is much, much smaller. One of the reasons I plan on returning my 4runner as close to stock as possible before selling it is that I want to appeal to the greatest number of potential buyers. For every 100 potential buyers out there, maybe 4 or 5 of them might be interested in buying a fully modded truck like this. The other 95 or 96 would be happy with a stock truck and the cost of the mods alone will push them to another vehicle.

 

[SSF556]

.
The other thing with modified vehicles is that the "pool" of potential customers is much, much smaller. One of the reasons I plan on returning my 4runner as close to stock as possible before selling it is that I want to appeal to the greatest number of potential buyers. For every 100 potential buyers out there, maybe 4 or 5 of them might be interested in buying a fully modded truck like this. The other 95 or 96 would be happy with a stock truck and the cost of the mods alone will push them to another vehicle.

This...I could turn my GC back into stock in a weekend....

 

[Sean H]

I hate to say it, but I'm thinking that unless the seller markets it just right, that's a $28k truck. Reason being--most people have to/want to finance purchases over about ~$10k. Ain't no way anyone is going to be able to finance that truck for $45k, so you'd have to pay cash. Nobody has $45k cash to just blow on a truck, people with the business skills to get a lump of cash like that are going to invest it instead of blowing it.

People pay cash for vehicles every day. I forgot the exact number but an every growing number of people buy their homes cash. Like over 30%. I think "nobody" is a strong statement in a world of 150k G wagons being purchased with cash. That truck is 40k any day around here. Financing or not.

 

[bobmono]

I started a financing war!!

 

[mrothwell]

I started a financing war!!

Well, make sure we're all updated on the status of the truck! I want to see if I'm right.