Resale value

[RedlandRanger]

There has been a lot of talk about resale value, especially when compared to the Tacoma. Tacoma is king of resale value, but the Ranger isn't too far behind. I know this doesn't technically apply to the current Ranger, but when I was doing my evaluation on what to buy, I did some research on older model resale values (using KBB). This is what I came up with for a 2005 model (I had a 2005 Ranger):

Private Party Values
2005 Ranger - Very Good $10,326
2005 Tacoma - Very Good $11,874

Tacoma 13% higher

Trade In Values
2005 Ranger - Very Good $8,185
2005 Tacoma - Very Good $8,769

Tacoma 7% higher

I'm sure these numbers have changed, but this is what they were when I was doing my evaluation. From a percentage standpoint, it looks like the Tacoma is way higher, but in real numbers it is pretty close, especially on a trade in. Trade in value was less than $600 difference.

For me, at the end of the day, resale isn't too important since I intend on keeping this truck for quite a few years. I was pretty happy with how my last Ranger did. I bought it for about 24k in 2005 and sold it earlier this year for $8900. $1,000 a year depreciation is pretty good in my book.

Just some random thoughts on a Sunday morning....

Sponsored

 

[Floyd]

There has been a lot of talk about resale value, especially when compared to the Tacoma. Tacoma is king of resale value, but the Ranger isn't too far behind. I know this doesn't technically apply to the current Ranger, but when I was doing my evaluation on what to buy, I did some research on older model resale values (using KBB). This is what I came up with for a 2005 model (I had a 2005 Ranger):

Private Party Values
2005 Ranger - Very Good $10,326
2005 Tacoma - Very Good $11,874

Tacoma 13% higher

Trade In Values
2005 Ranger - Very Good $8,185
2005 Tacoma - Very Good $8,769

Tacoma 7% higher

I'm sure these numbers have changed, but this is what they were when I was doing my evaluation. From a percentage standpoint, it looks like the Tacoma is way higher, but in real numbers it is pretty close, especially on a trade in. Trade in value was less than $600 difference.

For me, at the end of the day, resale isn't too important since I intend on keeping this truck for quite a few years. I was pretty happy with how my last Ranger did. I bought it for about 24k in 2005 and sold it earlier this year for $8900. $1,000 a year depreciation is pretty good in my book.

Just some random thoughts on a Sunday morning....

You can bet that the original price actually paid for the Ranger was a lot less than the Tacoma...
Resale measured in percentage of original purchase price would definitely prove advantage Ranger...
PLUS!! you get a Ranger!

 

[RedlandRanger]

You can bet that the original price actually paid for the Ranger was a lot less than the Tacoma...
Resale measured in percentage of original purchase price would definitely prove advantage Ranger...
PLUS!! you get a Ranger!

Yeah, I don't even remember what I paid for it. All I had to go on was the sticker price. I was just pleasantly surprised at the numbers I did find.

 

[SubVet]

Problem with resale is $5000 discounts, Meaning if you paid $40.000 for the truck and they start discounting $5000 YOur $40K truck is now worth $31000 on a trade IF lucky. Huge discounts kill resale. Thats why Tacoma has better resale. Their discounts are lower. But I think thats changing as Tacoma sold 78K trucks in the first quarter. There will be a glut of used Tacomas in a few years,

Now if one is talking about 10-year-old trucks, ANY pickup truck holds some value around $10K.

 

[Floyd]

Problem with resale is $5000 discounts, Meaning if you paid $40.000 for the truck and they start discounting $5000 YOur $40K truck is now worth $31000 on a trade IF lucky. Huge discounts kill resale. Thats why Tacoma has better resale. Their discounts are lower. But I think thats changing as Tacoma sold 78K trucks in the first quarter. There will be a glut of used Tacomas in a few years,

Now if one is talking about 10-year-old trucks, ANY pickup truck holds some value around $10K.

My last Ranger ended up costing less than $500 per year in purchase minus final sale price.
With 6 year loans out there, you better keep a truck 10 years or keep a permanent payment book.
I have always paid cash and picked the truck which would last long enough to make it worth it.

Take a picture of the Tacoma and a picture of the Ranger, place them both on your kitchen table along side a stack of $20 bills sufficient to purchase one of them.... Choose one of the three!
You will choose the cash, or the Ranger and wait another dozen years to face that choice again.

Another factor?.... Ten years ago $40000 was at least two Rangers.
Next time, the pile of cash might break the kitchen table!

 

[THLONE]

You have to factor in the back pain remedies on the taco.

 

[Floyd]

You have to factor in the back pain remedies on the taco.

Plus , the Taco must be graded on the Bell curve!

 

[SubVet]

My last Ranger ended up costing less than $500 per year in purchase minus final sale price.
With 6 year loans out there, you better keep a truck 10 years or keep a permanent payment book.
I have always paid cash and picked the truck which would last long enough to make it worth it.

Take a picture of the Tacoma and a picture of the Ranger, place them both on your kitchen table along side a stack of $20 bills sufficient to purchase one of them.... Choose one of the three!
You will choose the cash, or the Ranger and wait another dozen years to face that choice again.

Another factor?.... Ten years ago $40000 was at least two Rangers.
Next time, the pile of cash might break the kitchen table!

That's great for someone who keeps a vehicle.I don't keep my main vehicles for much more than 3 years. I pay cash for vehicles on my side of the garage so resale is a tad more important to me. FMC has Ranger residual at 62% which isn't all that bad. I expect to have a $25K ACV when the new designs are out for Tacoma and the Ranger. $15K should buy a new one at that time.

To be honest, if saving money was the goal and that means keeping a vehicle 10 years or longer, I would choose a low mileage 2015 Tacoma Sport. Win Win. The 2nd gen Tacomas are proving more reliable than the 3 rd gen.

 

[RedlandRanger]

That's great for someone who keeps a vehicle.I don't keep my main vehicles for much more than 3 years. I pay cash for vehicles on my side of the garage so resale is a tad more important to me. FMC has Ranger residual at 62% which isn't all that bad. I expect to have a $25K ACV when the new designs are out for Tacoma and the Ranger. $15K should buy a new one at that time.

To be honest, if saving money was the goal and that means keeping a vehicle 10 years or longer, I would choose a low mileage 2015 Tacoma Sport. Win Win. The 2nd gen Tacomas are proving more reliable than the 3 rd gen.

Yeah, if you replace vehicles every 3 years resale becomes a lot more important. I wanted a new vehicle with the latest tech in it, otherwise I probably would have looked for a second gen Tacoma to save a bit of money. Unless they completely blow me away with some must have thing in the Ranger redo in a couple of years, I will be keeping this one for 10+ years - just like I did with my last truck.

 

[Floyd]

That's great for someone who keeps a vehicle.I don't keep my main vehicles for much more than 3 years. I pay cash for vehicles on my side of the garage so resale is a tad more important to me. FMC has Ranger residual at 62% which isn't all that bad. I expect to have a $25K ACV when the new designs are out for Tacoma and the Ranger. $15K should buy a new one at that time.

To be honest, if saving money was the goal and that means keeping a vehicle 10 years or longer, I would choose a low mileage 2015 Tacoma Sport. Win Win. The 2nd gen Tacomas are proving more reliable than the 3 rd gen.

To be honest with you , I would have kept my 2001 Ranger if my only alternative was a new Tacoma.
Win win, no additional expense and the proven reliability of my 18YO Ranger.
I suppose if I were to only expect 3 years service, I could buy the Tacoma and hope they would honor the warranty.
But why?

Sponsored