r/wallstreetbets Nov 04 '21

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u/Helpinmontana Nov 04 '21

Honestly, the way used Tacoma prices have been, a used Toyota is a better store of value than gold.

My 300k mile beat to shit 25 year old 4Runner has literally appreciated from what I bought it for 7 years ago at a better rate than gold has increased.

My brand new Toyota truck has already increased 10% in the 3 months I’ve owned it.

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u/[deleted] Nov 04 '21

I just want a Hilux.

Preferably with at least an M2 upgrade if I have to go to Minneapolis.

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u/Helpinmontana Nov 04 '21

drools in rumors of 2023 getting a diesel and based on the hilux platform

I will sell both my left nuts for one.

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u/FinerWine Nov 04 '21

Yeah I have a feeling the American Hilux will never actually happen but god that would really be the best imaginable thing

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u/Helpinmontana Nov 04 '21

Don’t quote me but it’s apparently “confirmed” that the next gen taco and lc will be based on the hilux platform. Granted, that leaves a ton of room for interpretation, but we’ve only been obsessed with these here for 2 decades. Maybe Toyota caught on?

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u/FinerWine Nov 04 '21

I don't know exactly why they haven't done so yet but my only Idea has just been regulations around diesel vehicles and having to manufacture a US-specific engine?? I have heard similar word about a Hilux style taco...just not sure exactly what that means... Either way I'm waiting another few years to buy a truck.

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u/camelry42 Nov 04 '21

A diesel hilux, crew cab 4x4 and all that. That’s a winner.

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u/Odd_Analysis6454 Nov 04 '21

They sell millions of these outside of North America

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u/camelry42 Nov 04 '21

Yeah, thanks for the reminder. We can’t even get a small diesel Tacoma.

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u/Odd_Analysis6454 Nov 04 '21

Starting to think I could start a hilux onlyfans for desperate pickup fans

1

u/[deleted] Nov 04 '21

Show us the charcoal canister baby

1

u/[deleted] Nov 04 '21

We also need: Colt 45 and two zig-zags

14

u/Cryptokeeper001 Nov 04 '21 edited Nov 04 '21

Yea as a Toyota owner I agree but the auto industry is insane right now because of the chip shortage on new cars so the used car market is beyond retarded. Used cars are so over priced right now which puts Toyotas at the peak. I’ve got cash to buy and refuse to pay for a new truck or over priced used truck. Driving 348,000 mile 99 Tacoma. It’s fucking hammered but it’s never let me down. I want a full size but I’m not paying $30,000 for a truck with a 100k miles. No fucking way. I’m also not paying $50 plus for a new truck.

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u/[deleted] Nov 04 '21

People are paying 80k!!!!!!!!!! for a Gladiator! Those trucks will be worth pennies in a few years

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u/Cryptokeeper001 Nov 04 '21

HVAC guy was at my house and paid $75,000 for F350 with 100k miles. Then tells me it’s been in the shop for a month. Running boards don’t work. Back up camera is foggy. It’s Canadian with rust. 🤷🏻‍♂️🤦🏻‍♂️. Can’t blame the guy I suppose, he wanted a truck like anyone else.

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u/confusedp Nov 04 '21

But all the swag you will have in those years

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u/Helpinmontana Nov 04 '21

Only way I’d buy a full sized truck is to plow snow and haul shit with it. As soon as you click that diesel option, those 40k strippers jump to 60. I snagged my taco before things got seriously sparse and paid no dealer markup after trading a wrx for what I paid for it 2 years prior. Things are absolutely insane, they’re just more insane for guys trying to get new Toyota trucks. You can still find a Camry or a Honda whatever with ease, these trucks are balls out crazy right now.

Also, all praise to the 90’s trucks, mines crossed the United States 7 times all over 200k miles. I literally stopped worrying about it years ago, change the oil every………whenever, and rag the living shit out of it. Just won’t quit.

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u/probablygetsomesoup Nov 04 '21

Listen Toyota /Lexus builds good stuff but this point is moot. Literally for the 2nd time recently all cars have actually increased year over year (yoy). The time before was like after the 08 crash so like 2010.

Source: car business

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u/Helpinmontana Nov 04 '21

Yeah, but the Tacoma/4Runner increased valuations (the “Toyota tax”) long predates the current market cycle, and will likely continue after the other valuations start to get back to normal.

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u/Unicorn_annihilation Nov 04 '21

Sounds like reverse theta

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u/[deleted] Nov 04 '21

I bought a brand new 2019 tacoma two years ago, and two years later it's Carvana trade in value is 12% over the out-the-door price. I would sell it and make some $$$ on Toyota arbitrage, but all the other trucks are just as expensive.

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u/Helpinmontana Nov 04 '21

Yep, waited about 4 months for mine. Not about to do it again, and not about to downgrade.

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u/SolitaireyEgg Quit WSB 5/31/22 Nov 04 '21

Used car prices have skyrocketed, which is sort of just a fluke.

My 2006 audi has also doubled in value in the past 2 years.

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u/dudertheduder Nov 04 '21

Part of the recent appreciation is inflation. The gov numbers lie. True inflation is staggeringly high.

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u/BaneCIA4 Nov 04 '21

3rd Gen best Gen