Martinjmpr
Wiffleball Batter
So...my vehicle quest continues but it's taken an interesting turn, just recently.
I have a tentative buyer for the Taco. She's still trying to get her financing together and since I'm not in a hurry to sell, I don't mind. With luck the deal will be done next Tuesday (the 30th) and then my shopping starts in earnest.
I have looked at quite a few 4th gen 4runners and they're all very nice. VERY nice!
But recently I've started questioning some of my "assumptions" including:
- Assuming I should always buy a newer vehicle than the one I am currently driving
- Assuming I should always buy a vehicle with fewer miles than the one I am driving
- Assuming I should always buy a vehicle with at least some of the factory warranty left.
Just for fun I did a little "mental exercise" and thought "hmmm...what if I just chucked those 'assumptions' out the window? What if instead of starting off with the max amount of $$ I was willing to spend and then finding a vehicle to fit that, I went the other way instead and thought about what my minimum requirements were?"
And lo and behold, I began to think "what about an older 3rd gen 4runner? :sombrero:
I realized that there are plenty of 3rd gens from about 1998 - 2002 with less than 120k on them for under $10,000.
My "target" vehicle would be a 98-02 4runner, preferably a Limited (for the locking diff), automatic, with under 120,000 miles.
Then I started looking at the pluses and minuses and I came up with this:
Pluses: + Much less expensive than my previous 'target' (which was a 2006-2008 4th gen with ~40k miles for around $20,000.) By the time I factor in my $1000 down payment, I would be able to pay off such a vehicle in 3 years and still have lower payments than I do now with the Taco.
+ Smaller than the 4th gen - basically a shortened version of the Taco I've been driving for 2 1/2 years.
+ Known capability on the trails - again, because it's pretty much like my Taco.
+ Plentiful aftermarket
+ Better color selection (this is really a minor consideration but it's still there - I hate the bland colors that the 4th gen comes in. The 3rd gens had lots of bold colors, red, green, blue and even a crazy purple!)
+ Also I have to confess I think the 3rd gens are the best looking 4runners ever made. The 4th gens look nice if you take off the running boards and lift them a bit but otherwise they look a little too low to the ground for my taste.
Minuses? Not many but the only ones I could come up with were:
- More chance of an expensive breakdown or failure on older components
- Older vehicle, more likely to have been wheeled/abused by previous owners
- 3.4l engine requires timing belt at 90k, if it hasn't been done I have to factor this into the price (vs. the 4.0 that doesn't have a belt.)
- No full-time 4wd option (this is a nice-to-have feature of the V-6 4runners but to be honest I don't have it on the Taco and I don't seem to miss it.)
Considering that I don't drive that much (average 12,000-14,000 miles a year) I would expect to keep the 4runner for probably 4 years so if I can find one that has around 105,000 miles on it, I'd end up with maybe 160,000 by the time I was done with it.
For those with 4th gen 4runners, how have your "luxury" features held up? I'm talking about things like the remote keyless entry, power doors, power windows, etc. Have they failed you or become cranky out in the field? I always worry about stuff like that which is why I have normally gone for more "stripped down" vehicles when I've been shopping.
Does the automatic tranny have the pushbutton for 4wd engagement like the 05+ Tacos do? Any problems with that?
What do you in the group here think of my thought process? I've always thought it would be crazy to finance a vehicle with over 100,000 miles on it, but we're talking about a 4runner here - my Dad bought a 1988 that lasted him well over 240,000 miles and it was still running decently when he sold it 10 years later.
I have a tentative buyer for the Taco. She's still trying to get her financing together and since I'm not in a hurry to sell, I don't mind. With luck the deal will be done next Tuesday (the 30th) and then my shopping starts in earnest.
I have looked at quite a few 4th gen 4runners and they're all very nice. VERY nice!
But recently I've started questioning some of my "assumptions" including:
- Assuming I should always buy a newer vehicle than the one I am currently driving
- Assuming I should always buy a vehicle with fewer miles than the one I am driving
- Assuming I should always buy a vehicle with at least some of the factory warranty left.
Just for fun I did a little "mental exercise" and thought "hmmm...what if I just chucked those 'assumptions' out the window? What if instead of starting off with the max amount of $$ I was willing to spend and then finding a vehicle to fit that, I went the other way instead and thought about what my minimum requirements were?"
And lo and behold, I began to think "what about an older 3rd gen 4runner? :sombrero:
I realized that there are plenty of 3rd gens from about 1998 - 2002 with less than 120k on them for under $10,000.
My "target" vehicle would be a 98-02 4runner, preferably a Limited (for the locking diff), automatic, with under 120,000 miles.
Then I started looking at the pluses and minuses and I came up with this:
Pluses: + Much less expensive than my previous 'target' (which was a 2006-2008 4th gen with ~40k miles for around $20,000.) By the time I factor in my $1000 down payment, I would be able to pay off such a vehicle in 3 years and still have lower payments than I do now with the Taco.
+ Smaller than the 4th gen - basically a shortened version of the Taco I've been driving for 2 1/2 years.
+ Known capability on the trails - again, because it's pretty much like my Taco.
+ Plentiful aftermarket
+ Better color selection (this is really a minor consideration but it's still there - I hate the bland colors that the 4th gen comes in. The 3rd gens had lots of bold colors, red, green, blue and even a crazy purple!)
+ Also I have to confess I think the 3rd gens are the best looking 4runners ever made. The 4th gens look nice if you take off the running boards and lift them a bit but otherwise they look a little too low to the ground for my taste.
Minuses? Not many but the only ones I could come up with were:
- More chance of an expensive breakdown or failure on older components
- Older vehicle, more likely to have been wheeled/abused by previous owners
- 3.4l engine requires timing belt at 90k, if it hasn't been done I have to factor this into the price (vs. the 4.0 that doesn't have a belt.)
- No full-time 4wd option (this is a nice-to-have feature of the V-6 4runners but to be honest I don't have it on the Taco and I don't seem to miss it.)
Considering that I don't drive that much (average 12,000-14,000 miles a year) I would expect to keep the 4runner for probably 4 years so if I can find one that has around 105,000 miles on it, I'd end up with maybe 160,000 by the time I was done with it.
For those with 4th gen 4runners, how have your "luxury" features held up? I'm talking about things like the remote keyless entry, power doors, power windows, etc. Have they failed you or become cranky out in the field? I always worry about stuff like that which is why I have normally gone for more "stripped down" vehicles when I've been shopping.
Does the automatic tranny have the pushbutton for 4wd engagement like the 05+ Tacos do? Any problems with that?
What do you in the group here think of my thought process? I've always thought it would be crazy to finance a vehicle with over 100,000 miles on it, but we're talking about a 4runner here - my Dad bought a 1988 that lasted him well over 240,000 miles and it was still running decently when he sold it 10 years later.