Surrender my trade-in now to lock in incentives and wait for the 2025?

Or trades a new one in (2 years or less) on a brand new vehicle of the same model.
There are many on this forum doing exactly that..

OP you're overthinking all of this to the point of obsession.
If you don't need the 2023, sell it.
Take whatever profit, if any, and save it for your new Tundra.

As others have stated, any dealer that says "you need to do this now' only benefits that dealer, not you.
Stop taking what a car salesman says to you as fact and that they will keep a promise.
They lie and do it quite often.

 

I do this about every three years. That is how I will stay in a new vehicle through retirement in few years for about $210 a month.

 

This story is already bulllshit..

 

When people resorted into a name calling based on assumption, they themselves are a sucker themselves.

There is a value on buying a brand new car. Otherwise, car makers will be out of business long time ago. Granted not everyone is in a good financial position to purchase a brand new car. Some prefer to buy a used car because they don’t see the value of a brand new car. Nothing wrong either way. At the end of the day people choose to spend their money differently based on what makes them happy. I also don’t understand why some people spend $350k on a Lambo to just drive on weekend from grocery store to home. I also don’t understand why people mod their cars with racing or off road bells and whistles but not able to fully utilize them. None of them are suckers. They just value things differently than others.

I have never sold less than 2 years old car ever in my life before. This is the first time. I have a valid opportunity that I don’t need to get into because it is not related to my original question. That don’t make me a sucker.

@1lowlife no one said the dealer is forcing me by saying “you need to do this now”. I don’t want to repeat myself but if you go over the 3 pages of posts, you will get a better idea. I don’t think I overthink anything. Again, I think if you read my posts you will get the right idea of my intention.

 

I’ve sold traded a couple of trucks in before they had what I wanted. At my dealership if they buy my truck I have one year before I lose my tax credit. If they are offering that much more than everyone else? Then I’d take it and see what happens. When your truck arrives and the market is down you can negotiate

 

Three pages of your repeated questions and statements is obsessing.
You get answers you don't like and then make excuses to justify your indecision..
Half of your posts are YOU repeating yourself.

The other half of your posts are that the dealer told you this and that.
Don't trust them to keep the promise even if you get it in writing.
They want your USED car to resell, they don't give two shits about selling you a 2025 at this point.

My point is, don't be gullible.

Good luck to you..

 

Just trade and get the 2024 and get the best deal you can below MSRP. It’s under warranty. Toyota is honoring the warranty.

 

If you read my posts I repeated my questions for two reasons:
1. Responding to other posts that did not answer my main concern, or
2. Trying to get opinion related to my question from others that have not responded

I prefer to get opinions from more than one people instead of just one or two. That’s not an obsession. Maybe I should have asked it as a poll instead of asking different individuals. I can understand if you mistakenly saw my question as obsession. However, if you read them thoroughly I think I directed them to different posters by quoting each of them. Hope that helps.
Additionally, of course I will get them in writing. Again, if you read my posts thoroughly you would find this information.

 

Thanks for your input. I prefer the 2025 one as they:
- come with black roof liner
- come with power lift gate
- potentially they don’t have the same engine debris issue
- come with massaging seats (if I decided to get the Platinum one - not sure)

 

if we go (USA) we (the world economy) we all go dealerships up there may try to play it as separate markets but there joined at the hip.

 

I agree that Canada and US joined at the hip to some extent. In term of Toyota Tundra availability though, there are not many of them on the lot in Canada. Few dealerships that I contacted only have few to several on their lot. The one that I am dealing with only have one.

 

Can you buy in USA and drive back home to Canada?

I get time is money but in USA there here in numbers and if I could save 10k + road trip it would be

 

If you can find a dealer in the US who will sell to a Canadian resident, sure you can buy one. However economically it does not make sense because the US to Canadian exchange rate is so high. We generally pay less for our Tundra's up here in Canada right now for the same optioned truck than in the US. This was not always the case when our dollar was on par with the US. Back in 2009 and 2012 tons of people in Canada purchased new vehicles out of the States.

As for the OP's original question, I have not seen the 2025 prices come out yet on the Toyota Canada website, so who knows if prices will go up again like they did last year? Over $3000 on Limited's if I remember correctly.

I bought my 2023 Limited TRD Offroad well below MSRP at the time. When comparing what I paid to what others were paying in the US even with deep discounts, I figure l still paid less but always have to be mindful of the options.

As for the overthinking comments made in this thread, I can understand the need to feel comfortable in making a decision and putting feelers out. However in the end it’s your money, and your decision. Nobody knows if it's wrong or right better than you. $hit or get off of the pot as they say.

 

Here's my perspective on your original question.

In your particular situation, it doesn't matter whether or not you pay MSRP for the truck because that's not the most important number. The number to focus on is the difference in the cost of the new truck and the value of your trade-in. Dealers prefer not to discount new trucks in a new model year because it sets a precedent and allows you to tell your friends that you got XX discount on a new 2025 model. If they really want to move the truck, the dealer can adjust the amount they offer for your trade to decrease the amount you have to pay after subtracting the value of your trade.

In your case, it sounds like you can buy a discounted 2024 model and you will receive $55,000 for your trade or you can buy a 2025 model at MSRP and receive $65,000 for your trade. If the difference in the discounted price and MSRP is around $10,000, that sounds like a relatively equivalent deal. It sounds like you really want a 2025 and the dealer offering the higher trade value doesn't have a 2024 that you want. It also sounds like they really want your car.

The part of your deal that makes me cautious is allowing a dealer to sell my trade-in now with a promise of a new truck sometime in the future. Even if the dealer has the best of intentions, bad things happen. The dealership could burn to the ground or declare bankruptcy and close their doors. You just have to determine if you are comfortable with this level of risk.

 

With the currency exchange, I may end up paying more or the same.

Many Toyota reviewers and influencers in the US shared the price increases with Limited trim will see the highest increase of $2500. I agree it is my money and my decision. I am sure many will agree that research and ask questions are important before making big purchases. I don’t want to feel happy with a deal and then become aware later that I got crappy deal. Ignorance maybe a blessing on some but not when you spend $80k CAD on a truck. Better to listen to people who have experience and knowledge and still take them with grain of salt. Appreciate your opinion.

They are valid points. Not sure how can I know whether this Toyota dealership would declare bankruptcy or not. They have not been pushy or made me feel rushed or anything. Like I mentioned earlier that they reached out to me about my car and they didn’t know that I am looking for Tundra. So yes they really do want my car. They are smaller dealership and only have one 2024 Tundra on their website. If I traded my car now and wait for the 2025 to land, all I will have is the purchase agreement which contains all clauses that I want them to put such as deal is pending to specs, pricing when they are released, complimentary hard trifold tonneau cover, 10% off all additional accessories, etc. I really prefer the 2025 due to the reasons that I mentioned on my post #70. Thanks again for your advice

 

Don't listen to those guys, they get paid by the number of clicks they get so they sugar coat everything to improve their own bottom line.

Your situation is only unique to yourself. As was my situation when I bought and many others on here too. I am sure the day you decide and pull the trigger on the deal, your dealer will have a better deal for the next guy but you will not know about it and if you did what can you do about it? Go back and renegotiate? I know these trucks are expensive but owning a fairly new Lexus as a trade in sounds like money is not your issue but rather convincing yourself you got the best deal possible. I am not sure you can do that based on what others have done or haven't done as I said each situation is unique. If you go through with the deal and you can sleep at night being happy about your choice then I would say you made a good decision. If someone else gets a better deal than you, then congratulate them, obviously their situation was different than yours. No one said life is fair.

 

I agree that some of those guys depend on clicks. That’s why I mentioned that you have to take them with grain of salt. You also need to look at their overall profiles. I also check Reddit and other sources which support the price increase that these guys shared on Youtube. Don’t get me wrong. I am not looking for a silver bullet for my question and concern but rather I am building up information so that I can sum up and make an informed decision. I knew there is always a better deal and nothing I can do about that. But which one that better:
1. Not doing your research and not ask questions, be happy with the deal that you got, and then realized later that you could have done something differently but too late, OR
2. Doing your research and ask questions, be happy with the deal that you got, become aware that someone else got a bit better deal but you know you have done everything you could in your power before pulling the trigger

I am sure option #2 is the better and smarter choice. That’s what I am doing.

 

I think the days of paying MSRP or above might have already ended. I see quite a bit of Tundra inventory at my local dealer. Just checked two other dealers in the area and they each have about 80 Tundras in stock. Historically pre-Covid, their "normal" inventory was around 30. Have seen comments in a couple different articles that the market is changing relative to MSRP or above pricing as inventory piles up at dealers. To me, there are enough data points that prices will likely come down to where I wouldn't want to lock in an MSRP deal as you describe.

In fact, both of the dealers I mentioned that have ~80 vehicles are both showing discounts over MSRP.

 

Not sure if you read my original post on page 1, but I am from Ontario Canada. The most Tundra I saw at one dealer is 6-7 Tundras. Most of them have less.

 

Yes, I did see you were from Canada. I was responding to your question of whether "it is normal in the US to pay MSRP," and provided information relative to what I'm seeing in the US. I don't know what normal Tundra inventory levels would be in Toronto, but perhaps 8 at Downtown Toronto Toyota is normal. I also see that they're offering $2k in accessories on all Tundras they're selling. Perhaps the $2k accessory offer is a sign of a softening Tundra market in Toronto. They're not offering $2k accessories on the 4Runner. I would be inclined to hold off on committing to an MSRP deal as I don't think the market would just soften in the US. That's just my opinion though. I tend to be a bit cautious on big ticket items.

 

ahh I see. On another dealer, I could get two accessories (tonneau and running board maybe worth $3k) plus $3-$4k off but they can’t do $65k on the trade in and can only do maybe $57k on the trade in.
But this dealership that can offer $65k on the trade in can only do one accessories and I will choose the tonneau cover instead running board since it is more expensive plus 10% off any additional accessories.
I don’t know if 7-8 Tundras on the lot is normal but I also don’t see many dealers with the same level of inventory. Hence I am here and reddit and other forum asking questions.

 

Tonneau cover and running boards cost $3k??

 

Yes, and they can run even higher than that.

 

I'm pretty sure they can also run much lower than that.

 

Well the hard trifold tonneau is about $2.2k and the predator running boards are about $1100. If you go with the soft tonneau cover is cheaper $1k.

 

LOL, just go wiith your gut and don't look back. If you feel good about the deal, just do it and don't post about it. Otherwise someone on here will point out something that undermines your happy.

 

Those things are like $1000 and $500, but I get it that they are high priced dealer options.

 

Economists and Banks have been. speculating a recession for over 5 years, and they have been wrong for 5 years.

 

ya this big time ^

if you say it every 6 months to a year , at some point you’ll be right

in wish they would stop that fear mongering bullshit