Engineer/Harvard Grad Explains Car Buying Strategy: Why Deposits Placed on 2022 Tundra & 9 others
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- เผยแพร่เมื่อ 22 ก.ย. 2024
- Automotive Engineer David Koichi Chao explains why he already has deposits on 2022 Toyota Tundra, 2023 Toyota 4Runner, 2023 Toyota Sequoia, 2023 Lotus Emira, and 6 more vehicles. It's part of a long term strategy to drastically reduce cost of vehicle ownership. David actually has an extensive background in business strategy, which allows him to combine his technical skills with business insight to create unique approach to buying cars and trucks.
David is an engineering graduate from MIT and business graduate from Harvard Business School. While his youtube channel is best known for his insightful explanation about future products such as the 2022 Toyota Tundra, this time, he explains - using simple "demand & supply" curve - how he places strategic deposits as early as one year before the product launch. His careful and calculated approach allows him to save substantial amount of money in the car buying process.
Automotive Press is owned and managed by David Koichi Chao, a global expert in the field of automotive evaluation, consulting, and strategy. David is known around the world as an authentic specialist of Lean Thinking or Toyota Production System. Born and raised in Japan, David has an engineering degree from University of British Columbia and post-graduate education from MIT and Harvard Business School in Boston.
Thank you everyone for your comments and questions. What I plan to do is to create a "part II" video to answer many of your questions about this concept. I will say one thing though: Here in Canada, you only have to pay the sales tax once and from there on, you only pay the sales tax on the difference between the trade and the new. So I buy cash and then I keep trading it to the next model, paying taxes only on the difference of the two. Hope this makes sense.
Interesting. Do you pay sales tax because it's a company vehicle? In my county if it's between two private individuals it's tax free, if a company is involved it changes.
Very smart, and cash makes it even better than financing.
That was my question, Do you trade or sale out right.
Looking forward to "part II". Will you be making it soon?
@@stevenb7814 Yes I'm working on it!
Very interesting way of getting new models and allowing you to keep an ongoing variety of vehicles. I am amazed at your education with common sense mixed in. Thank you David for sharing your thinking outside the box.
In my humble opinion the gas/electric hybrids are your best bet for now. They run on the battery and when it needs a charge the gasoline engine kicks on. I have been averaging 40mpg on my 2021 hybrid rav4.
Completely agree with this. I cannot always park a vehicle in a garage, and many more cannot. Full EV is a hard sell when you can enjoy both. And, I feel like Toyota has an outstanding track record with reliability of their hybrid vehicles.
David, I have a DEMAND for a new 4Runner but currently no SUPPLY of money with which to buy it. That being said, I do have an adequate supply of Toyota vehicles to sustain me until my demand is met. ;-)
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Very interesting analysis David. Never looked at it in that light.
David, how applicable your excellent car buying strategy has applied over time, especially now with the low supply of many vehicles that are in high demand. Thank you very much for this insight and strategy on supply and demand.
I see this video and the only thing I see is that I should wait to buy a new vehicle 3 years after it's introduction. Some kinks are worked out. The supply and demand are equalized and I go in knowing my credit is king. I tell them the price I want to pay and walk away with a vehicle I will keep for at least twice the length of the loan.
This seems to be the best value if you are planning on keeping a car for a while right? Exactly what I was thinking.
I would hate constantly getting new cars and continually going through the registration/licensing process, changing over insurance, new vehicle break-in process, learning new vehicle features and quirks, programming the infotainment/phone/Homelink buttons, dealing with recalls, and giving dealers deposits. Also - many dealers these days tack on "local market adjustments" which significantly increase the price of popular cars when they first come out. They get away with this because there are plenty of suckers who are willing to pay a ridiculous premium just to be the first kid on the block with the newest toy.
Your are 100% right.
Drove Tacoma 2018 TRD off road for 3 years and sold it at price I paid. Now waiting for my 2022 4runner TRD pro
It makes sense to put a deposit down on an upcoming model expected to be in high demand, then selling it while it's still in demand, with supply still relatively low. Of course, when buying a new model in its first year (before even seeing the first reviews of production units), it should come from a company committed to building the most highly-reliable vehicles, which is typically Toyota - though even Toyotas can have serious first-year problems.
40 years ago, learned from mechanical engineering classes, if experienced individuals will not buying first years production, there are always mechanical adjustments from recalled. Then depreciated values just not making sense for owner(s).
I’m wondering now with social media if the quick spread of information regarding quality issues of a high demand vehicle can change demand down fast? Like the new Tundra, it’s gotten some bad reviews by owners on TH-cam, does that make a difference?
Do you account the dealer added markup over MSRP in your calculation? Some dealers will add up to $20,000 above MSRP exactly for the same reason why you buy it early.
If the next gen 4 runner looked like your renderings I would buy one in a heartbeat!
The problem is it won't be built in Japan anymore and will probably come with a turbo 4cyl.
@bohan9957 well, right on one point.
My issue with Toyota is the network of Toyota dealers that are marking up the trdpro’s 10-15k over msrp.I live near the main Toyota campus in Georgetown KY and have spoken to all regional dealers about the price gouging. The overall consensus has been “because we can”. As a lifelong Toyota owner, in a Toyota town, its kind of a departure from business as usual for them. I hope the Japanese business values that built their reputation arent fading.
These days with global chips shortage, first year 20% depreciation doesn't exist anymore on many reliable models.
Next video will explain how one obtains high demand vehicle at the right price to make this strategy work. Where I live dealers don’t take deposit. It’s either first come first serve (which means you’re camping overnight at dealer) or it goes to the highest bidder.
How do you factor in the dealer’s markup on these “high” demand vehicles (sometimes 5-10k over MSRP) into your calculation? With this in mind, not sure how you’d recoup your total investment when you paid a premium to be one of the first to get the new model.
I will be impressed if he can get his hands on the Porsche GTS 4.0 he mentioned. And if he gets the Lotus, he will lose a large pile of cash when he sells it.
Great question.
Exactly. TRDs are selling for like 10k over sticker
Try 20k 45k around close to me
At that point I’d invest the few hundred on a plane ticket and time to call nationally and find a dealer with no markup. They’re out there.
Thank you! So I guess you’re saying that there is less depreciation in the first year than what a lease would assume. Do you sell the car back to the dealership or privately?
David, Thanks so much for giving us a glimpse into your strategy on buying new cars and trucks. I also have used strategies for most of my adult life. Since you are providing vehicles for your business, this looks very well thought out. My strategy for most of my life has been to buy the highest quality vehicles(Toyota) new and keep them for as long as it makes financial sense. Only selling and replacing them when the cost of repair exceeds the value of car or truck or the hassle factor of it`s just not worth it anymore. Example: Bought new in 1997 Toyota Tacoma 4x4 extended cab and drove it for 24 years until the frame was rotting out of it. I really loved that truck and it was hard to part with it. In your example, you need to turn over your vehicles in just a year or two, how do you deal with selling something that you REALLY enjoyed so soon? I would have a hard time with this. Do you ever think back and say Man, I wish I would have hung on to THAT truck or car a while longer? Just curious...
Great info going to use this on the new 4Runner
Once again very interesting and informative video. There’s a lot going on when ordering and buying a vehicle. Thank you for your help.
Speaking about Tundra deposit. I called few Toyota dealers and they said don’t have any reservation list to put deposit.
What is the buying price strategy if any?
Do you negotiate a selling price when placing a deposit or do you just assume you will pay MSRP, MSRP + or negotiate when the vehicle comes in? 🤔
I would also like to know this @AutomotivePress
The vehicles you disclosed are no-brainers for sure, but what are the other 6? Curious!
What is the benefit of constantly buying and selling in the high demand peaks? Is it just constantly getting a new car and getting rid of it before you have to start paying for maintenance?
Yes. Vehicle is still under warranty and you trade in for a high value. You never have to buy tires, brakes, windshield wipers etc. you even save on oil changes selling in 1.5 years.
@@SuzukiKid400 well you waste a lot of time and effort and you pay sales tax and license over and over in CA and I personally can stand all car salesmen they never stop lying but to each his own.
@@curtissharris8914 fair point but in most states you only pay sales tax on the difference between the cost of the trade in and the new vehicle so technically you aren’t paying the full tax. The dealership experience depends a lot on where you live. I’ve had a trustworthy experience with all new vehicle sales people I’ve dealt with because there’s not much to hide. You know what the manufacturers MSRP is and all incentives are public information. You know each vehicle has about $2-$4k in profit from the dealer cost to the MSRP so that’s your haggle room. The most difficult part is negotiating the trade in value which they will try to tell you is lower than it is. That’s where they get you but if you do your research you’ll know if they’re playing you or not. But some people don’t put the effort in and do lose money. For those people they may not care about spending a few extra thousand and may value their time more. It’s the price of convenience.
Always good info.
I have a question. Who is responsible for the horrible powertrain matching on the new Tacoma 3.5L. Awesome engine, just geared way to high for interstate driving. It gear hunts terribly and MPG goes into the toilet. Why was this done? They took a fantastic truck and made it no run to drive on the highway due to the horrible powertrain matching.
Not the right fix, but I regeared my diffs and the truck drives great now. No gear hunting and the MPG came up significantly on the highway. Why did Toyota do this? Where they just chasing CAFE numbers?
Aren’t you paying full retail sales tax every time you buy a vehicle? Here in Utah it’s around 7.5%. That’d be crazy expensive to pay every year.
Yes, you pay the full sales tax if it's a new vehicle and you don't have a trade. For some it's better to trade a vehicle that depreciates very little and flip it every few years if possible rather than lease providing it's paid off... In B.C you pay tax on the difference of the new vehicle vs traded vehicle. You're still soaked on the PDI, Freight, etc. and really have to watch some dealers that try to add tire & rim or key policies which is a joke and should never be paid to a dealership.
As far as totally electric, I have heard alot of inaccuracies about how far they can go without charging. Especially in cold weather! If you miscalculate, because of the inaccuracies and there is not a charging station, you will be stuck.
Toyota 4runner which is still made in Japan...... the demand is still high to a point its almost impossible to buy one , i waited 6 months for mine..... keep up the good work Toyota!
You can find them but you have to jump on them as soon as they get to the lot. I bought a new 2021 4Runner limited last week. I was testing driving the limited nightshade and didn’t know someone else was already filling out the paperwork on it. When I got back from test drive I started filling out paperwork and a mgr came over and said it was just sold. I opted for the Limited and even with that one there were two guys in like behind me to buy it. All the ones I found online during my search were all sold the next day as I was just curious if I made a hasty decision. The 4Runners have crazy demand because they have crazy resale value now. Not to mention the insane reliability.
Im trying to use the same strategy with my 2021 Tundra TRD Pro. I bought the Lunar Rock with the thought it would be high demand; I want to see the 22 before committing to the 21. Thanks for explaining your strategy!
You're very welcome! Thank you for watching!
@@styrojeff my point is the 21 Pro in Lunar Rock is a unicorn; last V8 in a unique pro color.
Ill help you out. Pm me and ill buy your 2021😎
Thank you for the info
Thanks for sharing David.
Given the vehicle is expected to be in high demand, is it likely that the dealer that accepts your initial deposit will sell you the vehicle with a markup over MSRP? If so, doesn’t that markup significantly impact the strategy?
Your are 100% right.
Love your vids. Thoughts on demand and supply for the GR86?
Did we factor in sales tax? Its a big chunk of the purchase price. 10% is hard to recoup in 1-2 years.
Lol 10 per cent? Bruh. It's 15 percent here.
Yep! The government laugh all the way to the bank. I guess this strategy works if you own a business and deduct the tax and depreciation.
6.6% here in Georgia 😀
Do you get MSRP on high demand cars because of the early reservation or because of your media/celebrity position? How do you factor 9% sales tax as part of the transaction? That's a significant percentage if you are turning over after 18 months.
The way vehicles are taxed varies widely from state to state in the US. Some states only charge tax on the trade difference amount. The trade in value is deducted from the price of the new vehicle and you are taxed on that amount. Some states charge the same sales tax percentage for the full amount. Some charge a higher tax rate for the first several thousand dollars of the transaction and then a reduced tax rate for the remaining amount. Some states even continue to charge you a property tax each year you own the vehicle based on its current valuation. It's a dizzying system! That's why I pay cash, take good care of them, and keep them a number of years.
Or buy at year 3 and pay it off. Then your cost of ownership is significantly lower than continuously paying for a car. $0 monthly cost, after truly buying it, is the lowest cost strategy. Cars are horrible “ investments”.
Do you pay MSRP for the vehicle?
That Lotus Emira will be sweet.
Do you ever sell the rights or buy cars only to sell it at a premium?
Excellent strategy! When talking about not losing money, are you counting in the taxes?
Lean thinking is why we are dependent on one country for chip production.
How do you think demand/production will go for the 2022 4Runner OFP? I think I'd rather go with the last year of this gen (it's obviously SOLID) vs waiting another, not dealing with supply issues and premium prices.
Can you do a video for us that deals with basic work trucks? We have a small masonry company and tend to keep a vehicle until the wheels fall off . Probably not the best thing but we don’t know any other way.
Great video, could this strategy work on the Lexus 2023 RX ? If so which trim level would you recommend 350,350h,450h or 500h.I am also interested in what are the other vehiclís you put a deposit on.
David will this strategy work with the GR Corolla hatch scheduled to be available in October for US markets? More importantly, what if the production run is limited and then ends early due to the shift to EV’s and/or tightening emissions regulations?
I bought a new 2007 Tundra. first year for new model. It was a lemon with a loose piston on start up. Toyota corporate denied there was a problem. I had to trade it in at my loss.After the trade-in my new 2008 was in for a recall on the floor mats. At that time the the service manager admitted there was a piston problem on the 2007 models. Never buy a first year vehicle. Just not worth the chance that there will be a problem that Toyota will not recognize. Let Toyota work out their problems on their own bank account not the customers.
He's not wrong but I don't understand the end game if you're not buying fleet. You're constantly buying and selling and hoping that the latter will make your investment. You could just as easily buy one of those "in demand" vehicles used in their 3rd year after depreciation loss, supply gain and any "bugs" worked out. Plus you haven't taken nearly as much risk. Keeping your vehicle throughout its life will always be the best investment.
interesting perspective. thank you for sharing!
I am assuming that you bought these cars for reviews… Why do so when you can easily get the cars from their respective manufacturers to review? Wouldn’t my strategy be cheaper? Your strategy only makes sense if you actually make money from selling or trading in your highly desirable cars. Thanks for all your videos. It is nice to have you and AMD of Car Care Nut making videos about Toyotas that we love… Cheers!
Does this mainly work for the special color TRD Pros, ie Lunar rock for 2021 and army green for 2020, or can it also work for the standard colors, ie super white and midnight black?
What amount were you required to put down on the upcoming 6th generation Forerunner?
Good idea
I wish the US had the law were the dealer had to give your deposit back. Here, some dealers will give you your deposit back and some will not. Some dealers may require a $500 deposit and others may require a $5000 deposit depending on the availability and number the manufacturer may produce. Enjoyed your video. Good information
I used to sell cars (Pontiacs) at a dealership. One day, I sold a car that was in stock but the customer wanted pin striping, rust proofing, and a different radio. I took his $500 deposit and it took a few days to install what he had asked for. When the work was done, I called him to tell him his car was ready. He came in and told me that he had changed his mind because he found the same car elsewhere for $100 less. I told him he was free to buy that car, but he wouldn't be getting his deposit back as we had spent more than that adding on the options that he wanted. I went to my manager and explained what had happened and much to my surprise, my manager told me to give him his $500 back. He explained what would happen if I insisted on keeping the deposit. He said the customer will take the dealership to court and there's not a judge in the county who will side with a dealership against a consumer so in the long run, we'll have to return his deposit anyway. In addition, the customer will tell everyone he knows that we are a bunch of thieves. Better to avoid that and give him is $500.
How can you negotiate a price with this strategy in the US where we are not guaranteed a refund of our deposit. Thanks Ron T. I love your videos
I am being asked to put a non-refundable deposit of $500 on a RAV4 . If I don't buy the car due to price I loose the deposit.
get it in writing or dont do it
This is basically what I want to do with the new Lexus NX450+. Apparently Louisiana is not getting any 450+ allocated for at least a year after launching. So I’m in contact with a dealer in California. My wife thinks I’m crazy. Please tell her (and me) that I’m not crazy.
Hi David. Can I ask your personal opinion which car drive better between subaru brz and gr86 . Tq
I guess Canada dose not allow you to right off a lease payment for business taxes?
Hi there, can you recommend me a Toyota dealership allows this strategy in BC? Thank you.
Do you trade in or sell yourself? What is the sales tax deal up in Canada?
Do companies pay sales tax in Canada?
Bottom line is his strategy is to buy toyotas. Not a bad strategy since they have the BEST resale value. You pay more when you buy them because you get more when you sell them.
other than the jeep wrangler and gladiator somewhere in the mix id say youre dead on
Interesting video
Wow this is basically car investing.
@Andrew Hardin His strategy seems superior to buying a Toyota while it's still in the hot phase of depreciation and eating that up, although a good discount, which you won't get on high demand vehicles, could really decrease effective depreciation. I'd buy an at least 15+ year old Toyota because they have low residual value that doesn't go away and with routine maintenance it will keep running well and keep it's valuable from becoming laughable. You're right on the risk though. His Supra was, lol just like Scotty Kilmer says, an endless money pit because few people want a BMW with a Toyota badge. I could've seen that coming and I was kinda surprised he didn't. Only a very limited run or slow production of an S58 + manual version might be suitable for this car hopping/flipping game. I'm not too scared of high risk high reward though, and I'd only accept it if I were one of the first to get a really high demand vehicle like the TRD Pros for example.
Thanks, very informative and interesting perspective…
Is there a Toyota Tundra embargo being lifted tomorrow at 7am? 🤔
Great video!
Is it for sure that 2023 4 runner will have be a new generation?
How do you negotiate if you place a deposit from so early on ?
Will the Toyota tundra platinum have have lift Springs
So if someone can't afford a trd pro does your strategy work on say a trd offroad tundra? I'm going to trade in my 2018 tacoma trd offroad for a new tundra. I would love a trd pro and was thinking of leasing however I don't think you can lease those. What do you think? Also love your knowledge. Fantastic.
Hello. I’ve talked to a lot of the dealerships here in the central Texas and San Antonio area recently in which they said that they will not be carrying lunar rock in the Toyota TRD pro. Have you heard such a thing? The lunar rock trd pro tundra was my dream car. Thanks.
David - great video and local BC resident as well. Do you lease, finance or buy with cash on your transactions?
Very interesting insight! I am a BC local as well. The dealer here is asking me for a non-refundable deposit if I want to factory order a car. So, I can tell them that's illegal. Thanks!
@automotivePress , Im also based here in BC (Vancouver) and have been searching for a dealer that will take a deposit for the 2023 Forerunner, with no luck.
Which dealer were you able to secure a deposit with? I'd like to give them a call and do the same!
Many thanks!
Very nice presentation
I'm trying to purchase a Toyota Tacoma right now. My first time purchasing a new vehicle, i'm looking to spend 32k tops cash my credit is not so good. But I've found that being pretty difficult as well unless I want to get the base model 2.7L 4 cylinder SR5 double cab which I don't really want to do. I really like the TRD sport as well. The best I've found so far is a brand new army green 2021 SR5 3.5 V6 with the trail package for 36,998k or on the same lot I can get a 2021 TRD sport with 7k miles on it for around the same price. That's before tax tag and title. But it's just out of my price range. I've found that the supply is pretty low right now with buying new with the chip shortage and used is fairly high but the prices aren't that drastically different. Any advice would be great! And I've read somewhere that the 2017 model Tacoma the transmissions weren't the best do you know anything about that? I always thought Tacoma was known for there reliability and of course resale value along with jeep wranglers?
Hi David, thanks so much for this info. I'm also a car nut, and love watching your update videos. I was also a toyota employee for several years (in the past) - But out of curiosity - (not sure if you'd be comfortable sending a private message through here, or simply just responding) - also as a local British Columbia buyer, in the lower mainland - I'd love to know which dealer (in your opinion) would be the best to put a long term order through? I'm thinking a 2023 Sequoia
Thank you for your comments! I deal with several different Toyota dealers (they all know me well) .... if you want please send me a message through instagram and I can provide some suggestions for you. Instagram account: @automotivepress
Great info. What is your perspective on buying new models? For example, the tundra or Tacoma. As an engineer, would you buy the 1st year or wait until the bugs are worked out 2-3 years later?
Great question.... I will do a video to explain about buying the first year vs 2/3 years!
I think what you’re doing is good but let me ask you this, I run a swimming pool service. I have owned a tundra and two Tacoma’s, I run them very hard, very minimal repairs if any. Hundreds of thousands of miles on each. Why do employees need a new car every 1-2 years? What is the math if you kept your fleet 10-15 years, that means no payment for 5-10 years, only brakes and oil changes minor stuff. Also, I like your choice on your personal car, I encourage you to go test drive the Lexus LS, bought a used one a year ago, amazing car.
Mmmm. New perspective to me. Thanks 👍.
Interesting David, I'm watching this in Glendale Arizona at 3:15 a.m. and thinking the strategy is good, having to ensure all those vehicles, register all those vehicles, especially in Canada, not so good. LOL... As always, thanks for posting. Stay well stay safe.
Cybertruck is a prime example of your strategy. Super high demand and the trucks will be produced in limited quantities for a year a two.
I would be surprised is Tesla doesnt set the MSRP to match demand. Similar to Hummer which is now selling electric trucks for $100k while the market supports these prices.
As a former Toyota employee, do you get any preferences or perks in the buying process?
I am a member of accredited media - so I do get some preferential treatment but mostly because I buy so many cars and trucks every year. The volume buying is much more powerful than any other factors.
Are you financing it or buying cash?
The Emira and Cayman GTS is on my radar. Which do you think will hold better?
I think the Porsche will hold value better
Do you just trade to dealer or sell to individual?
Waiting for 2023 4Runner
What are the other 9 vehicles ?
I feel the 2022/2023 GX-460 is a no brainer investment. I got my 2022 @ 2.49% Lexus financing. Absolutely ♥️it. Paid MSRP 👍🏻
May I ask what you do/did for a living?
@@bjornegan6421 I’m retired now Feb. 2022 was a engineer with Astra Zeneca pharmaceutical
Hi David! I watch your channel regularly. I am thinking of buying the new 2022 Tundra, I was more inclined to buy the limited edition. What makes you think that TRD Pro will keep better value? Besides, with electric vehicles increase in popularity and increasing gas prices don't you think that the gas powered vehicles resale price will tank in few years from now? Thank you. I live in BC by the way.
Historically, the TRD Pro's have always had the highest resale value, so that pattern should continue for 2022. I think as more and more cars or trucks turn electric, the gas powered ones may actually go up in demand because they are more difficult to find.
Wow 😮 👍
This buying strategy only works depending on the auto brand you choose>TOYOTA. Having owned Toyotas since 1978, 14 Toyota vehicles later; Toyota trucks, SUV's and hybrids stay true to this buying plan. Toyota cars do not retain the value needed to follow your buying plan.
Are you buying outright or financing?
How can this apply to a person who just wants a daily driver when there isn’t a brand new hyped remodel every year to buy when they sell their 1-1.5 year old current model?
Say I get the 2022 Tundra to replace my 2006 Tundra, then sell it in 2023-2024 per your model. Now I don’t have a car to drive or work for me until there’s a new Tundra or Tacoma that comes out in 5-10 years. Is this for businesses with multiple vehicles only or a person who owns two family cars? Thanks for your time :)
I own a company with multiple cars in the company fleet, which is why I'm always buying and selling cars. Either way, I don't buy a new vehicle unless I can trade-in the existing one so that the company fleet isn't out of vehicles... hope this helps
@@AutomotivePress Yes, sir. I was just comparing the "don't eat the depreciation" model of regular cars vs. this concept of it being worth it to buy and sell in one or so year of a really hyped model. If I buy a truck, then trade it a year later, then what? Sounds like eventually I'd eat the depreciation since I'd run out of hyped new models to trade in for. Thank you!
Fantastic strategy. I am literally working on a plan to trade in my 2019 Tacoma for a Tundra TRD PRO! Mahalo!!
When you say "lose little or no money" when selling for a new model. Does that mean you're selling for what you paid originally, or that you're selling for what you owe ?
Selling for very close to what I paid originally
@@AutomotivePress Great news. Thank you for your reply, and your great channel.
What do you mean, you won't lose money when you change your vehicle? The only way I can see this work, in BC if you are trading the vehicle in at the same price you paid for it, for the tax credit. Please explain the mechanics of the transaction.
Does not money mean vs actual value or you trying to get your purchase price back ( and not lose any money) because 12 months of payments or is this cash purchase out right. Please let us know as we love your vids and your time is much much appreciated.
Are you financing or paying cash in these scenarios?
What about when the manufacturer changes the specs on the car 2 years in I think they did that on your gr Supra and now it has like 75 more HP or something. Probably rare but it can happen!!! Not ideal for your resale value that's for sure tough to time that correctly!! , thanks for the idea it makes perfect sense if you can pull it off. I would probably only try this with like a Toyota and a special model like you mentioned TRD pro or similar probably you're safest bet. Also in, CA your paying sales tax on full price not the difference in cost of your trade so not really doable here 😂😂
Exactly and maybe 2023 Tundra will be different as well? Could cause more than forecasted drop?
Do you count on the sale tax as loss? Thanks.
Please see my pinned comment at the top
Your wear the clothes with the tag and exchange them for newer clothes; for you simpletons. Milage plays a giant role never forget.
I need that 2023 Toyota Tundra TRD Prime 😅
Hi David, Great info love your content - I have a question not related to making a deposit but first - in your opinion do you think Toyota will bring back the FJ cruiser in the US? Maybe sporting the "Trailhunter" badge - compete with the Bronco? And if so how do we go about making a deposit.. im going to be in the market for a new vehicle in less than 2 years and I'm REALLY hoping for a new FJ ..Thanks!
Thank you for your comment! I don't believe that FJ is ever coming back ... and I don't think the Trailhunter name is for a new model. I think the name is for an "add on" model.
@@AutomotivePress Thanks for getting back to me - that is really unfortunate I really love the FJ cruiser size - maybe I will just have to go with the 4Runner
i have an FJ. my favorite vehicle of all time... i will never sell it