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“Downgrading” to a 2017-2018 Tundra..

Discussion in '2.5 Gen Tundras (2014-2021)' started by Shamrock92, Jan 22, 2023.

  1. Jan 23, 2023 at 11:35 AM
    #31
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Seat covers, dash mat, ext. Trans. Cooler, sumo springs, oem pwr fld tow mirrors
    Find a sugar mama and forget financial issues!!
     
    Jeff_5_7 likes this.
  2. Jan 23, 2023 at 12:52 PM
    #32
    ColoradoTJ

    ColoradoTJ I drink…and I know things. Staff Member

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    Colorado
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    A metric buttload
    What? Look at this gem.

    http://atcm.co/S2PVDP/256E43D2


    New windshield, use a BFH to knock the roof back up. Mint!

    :D
     
  3. Jan 23, 2023 at 12:53 PM
    #33
    TRDFerguson

    TRDFerguson Turd Ferguson, it’s a funny name.

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    And low miles to boot!
     
    ColoradoTJ[QUOTED] and 2mchfun like this.
  4. Jan 23, 2023 at 1:14 PM
    #34
    ColoradoTJ

    ColoradoTJ I drink…and I know things. Staff Member

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    A metric buttload
    Right? She’s a peach.
     
    TRDFerguson[QUOTED] likes this.
  5. Jan 23, 2023 at 1:18 PM
    #35
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Seat covers, dash mat, ext. Trans. Cooler, sumo springs, oem pwr fld tow mirrors
    Just needs a sunroof kit, some fiberglass, and a little paint.
     
    ColoradoTJ[QUOTED] likes this.
  6. Jan 23, 2023 at 1:32 PM
    #36
    Elevatorguy

    Elevatorguy Yotas and JD Green!

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    When I was looking for a tundra I was willing to spend 30k cash. I wasn’t happy with a single 25-30k truck I found. I bought the first gen for 15k. I drove my last truck 3000 miles in 3 years. If you can find the right deal I would do it. I typically only buy new but didn’t have the need for a 50k new truck to sit around. We have 3 personal vehicles and I have a company truck. We bought the wife a new car in March of 22.
     
  7. Jan 23, 2023 at 1:54 PM
    #37
    BulldogDan

    BulldogDan New Member

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    Cement…Tundra #9
    Last summer I paid $31.5k for this 2018 5.7L SR5 2WD with 70k miles, Arizona truck (pristine undercarriage) and religiously serviced every 5k by the 1st owner at a Toyota dealer, new(er) K02s. I have $2k in mods (wheels, LEDs and tonneau). I’m a happy camper, literally. It is primarily used to tow our Lance 2285 travel trailer. Love it! The 2004 Jade Mica Limited was my first “new” Tundra. A local taxidermist is still driving it. 250k+ miles, the first gens are great trucks!ECEBB0A5-4076-4DED-BE61-9FD71DA0AB34.jpg
    9928C722-E4E0-4C47-B99E-171EA43E8A55.jpg
     
    Last edited: Jan 24, 2023
    OHwendTrd likes this.
  8. Jan 23, 2023 at 2:08 PM
    #38
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Seat covers, dash mat, ext. Trans. Cooler, sumo springs, oem pwr fld tow mirrors
    Instead of just considering the current situation maybe if you try and predict your own situation to the best of your ability in the next five years, and the next ten years it will aid in your decision making. If nothing else it may give you a decent excuse to justify your decision. I know for me, the costs of my truck and the mods only makes any sense over the long term that I expect to make use of them or if my children inherit and maintain them. Otherwise I couldn't justify it and would just be happy with an old but dependable beater. Something else to think about, do you even need or will you need a truck. Used trailers aren't a terrible investment if you use them and have the ability to pull them. Truck and or trailer rental is always an option as well. Then there is the hitch cargo carriers, I have one almost as big as my Crewmax bed that I can attach to my 4Runner and haul my lawn tractor on. It can and does store upright and don't take much space or maintenance. Lots of stuff to consider, and I apologize if it complicates your decision making process. Good luck! Ha, like a Shamrock needs luck, oh well!
     
  9. Jan 24, 2023 at 12:11 PM
    #39
    Shamrock92

    Shamrock92 [OP] New Member

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    So I’m 90% on keeping it.

    Not paid off - but it’s paid down quite a bit. Owe like 28k and the loan is at a sub 4% rate.

    Part of the problem is simply DTI and a mortgage - having a car note makes it look like my income is stretched since they don’t calculate savings in to the income equation. I have the $$ to pay it off - but why pay off when I can keep the money invested making a higher rate of return.

    If I sold - I ditch the payment and could acquire a similar truck - solving that problem and keeping a similar truck that’s used sparingly.

    But sometimes it just makes sense to keep an asset - even a depreciating one - that makes you happy. Stocks don’t make me happy - owing a CD doesn’t make me happy - owning a Tundra does.

    As far as “a ‘21 commanding a premium as the last of the 2.5” - I don’t see it - not in 5 years and likely not in 10-15 years. Right now it’s a mixed bag - some buyers want the proven 2.5 - some want the new updates of a gen 3. I mean look at square body Chevy”s for a comparison - the body style attracts buyers and commands a premium to the generation that immediately followed. But there’s no “premium” attached for the last year vs the years immediately preceding.

    Likewise the added maintenance cost of a ‘17 with higher miles versus a ‘21 with lower. Yes - it’s possible (and likely) a ‘17 will over time have something break that needs replaced. But overall - the cost of parts/the reliability and the fact that anything can break at any time - it’s a crapshoot and not a guarantee. Realistically - even if the cost are higher for an older Tundra vs a newer - the break even is likely at or under 3k over a 5 year period. So after 5 years - you might have spent 3k more on upkeep of a ‘17 vs a ‘21 - could be less, unlikely to be more unless you were really unlucky in picking a used car. Depreciation on the 2 is likely to be even - a older car depreciates slower - but the Pro holds higher resale so it will depreciate at a lower rate too
     
    OHwendTrd and 2mchfun like this.
  10. Jan 24, 2023 at 12:25 PM
    #40
    2mchfun

    2mchfun Lead foot, left lane, loud stereo

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    Being generally happy is very important for your overall health as well. Glad you are being wise and factoring that in! Known many of pretty well off financially lonesome, unhappy, and unhealthy people over the years.
     
    clarkritchie and BulldogDan like this.
  11. Jan 24, 2023 at 1:25 PM
    #41
    BulldogDan

    BulldogDan New Member

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    Looks like you sat down and thought this through. What brings you the most joy and the least grief is the way to go.
     
    2mchfun likes this.
  12. Jan 24, 2023 at 2:05 PM
    #42
    vilord

    vilord New Member

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    After my last 2 trucks brought me nothing but stress and grief despite using them less than 5k miles a year (admittedly GM products), staying with something that is working well for you is definitely a good motivator.
     
  13. Jan 24, 2023 at 3:41 PM
    #43
    Shamrock92

    Shamrock92 [OP] New Member

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    If only I put that level of thought into the decision to marry.
     
  14. Jan 25, 2023 at 4:50 PM
    #44
    THOR's

    THOR's New Member

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    Thor
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    Hmmm... I don't know all the intricacies of your finances, but given you have a loan of $28k on the truck it might very well make sense to sell it to reduce your monthly debt load. Especially since you can get a premium for the sale of your truck... for now.

    In my small mind, it would be different if the truck was already paid off. You mentioned that you "have the $$ to pay it off - but why pay off when I can keep the money invested making a higher rate of return." Keep in mind that's provided your investments continue to grow more than the interest rate being paid on the truck loan (greater than 4%). The state of the US and Global economy is unstable at best, the security of your job (e.g., layoffs over 2023 are expected to increase) is a big consideration, along with other income streams (e.g., spouse also works outside the home) to support your household. Your level of reserve savings should be 4 to 6 mos should you lose your job or there is an unexpected large expense.

    In my mind selling the truck seems to be the smart move since you reduce your monthly debt load. You may not even need to buy a vehicle at all if you get a company car.

    Just some food for thought from the Tundra peanut gallery! :thumbsup:
     
  15. Jan 25, 2023 at 5:55 PM
    #45
    BulldogDan

    BulldogDan New Member

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    You and me both brother, 51 years later I still believe it was a knee jerk reaction….:rofl:
     
    2mchfun likes this.
  16. Jan 25, 2023 at 7:04 PM
    #46
    OHwendTrd

    OHwendTrd New Member

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    Ohio
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    (Lowest Priced)
    Keep your '21 Pro. You'll have zero regrets in a few years and a paid off truck.
     
  17. Jan 26, 2023 at 2:28 PM
    #47
    Jhon

    Jhon New Member

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    On the Oregon Trail
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    2021 SR5 TRD OR
    The Pro is just eye candy/status symbol truck. That said 2021 is the last of the V8's and if you bought it new you know how it was treated. That peace of mind is worth it sometimes.
     
    OHwendTrd likes this.

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