I Got My Land Cruiser Appraised and I'm BURIED!
ฝัง
- เผยแพร่เมื่อ 29 พ.ค. 2024
- Today I go over the appraisal value on my Ford Bronco Raptor and Toyota Land Cruiser!
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Did you not expect the value to go down after you bought it? Less than 10k depreciation is hardly anything.
Sure but what's he financing? He's obviously underwater, the 10k of extra depreciation puts him further underwater. These vehicles are preposterously expensive, having 4 preposterously expensive vehicles is lunacy.
@@michaelmclovin5098 100% agree. It's nutz. However, should sell privately. Gonna do better than speaking to a dealer/appraiser. I private sold my 2017 Taco and got about 8 grand more than what the "appraiser" told me it was worth.
@@charliemcawesome5012 In the same situation. Getting 6k more selling privately. That's good chunk of change left on the table if you go to the stealer.
This is silly. At least have cars for different purposes. All these do same function wise
I have a trx for fun, fj for the mountains and a dually diesel for hauling stuff, but am getting a new land cruiser, so need to get rid of one i think
He is just an arrogant possible white collar criminal most likely because most working class people like me have almost 1****** in my account he is living off of lies possibly a white collar criminal I'm not impressed by losers or possibly future felons
I love you need a back up car for when the land cruiser breaks, the suv billed as the most reliable suv in the world
Sorry to hear about your troubles with the vehicles. About 4-5 years ago you called me out for complaining about the cost of these vehicles that keep becoming more and more expensive, and the quality does not match the cost increase. You said "if I'm complaining about the price it means I can't afford it", totally untrue. Fast forward to today, you are a bit older, a bit wiser, and have a family. Understand where I was coming from now?
Crazy you care that much. Kinda creepy.
Good memory you’ve got there.
@@JJKU2014 .. its not difficult to remember things, and I don’t care “that much”. Not creepy at all.
@@tewksburydriver8624 "ok"
@@JJKU2014 ... You're easily creeped out bud, it's just a TH-cam comment about expensive cars.
When you buy all those expensive vehicles, you get hit with interest on multiple car loans, massive depreciation X 4, high insurance bills, the tires are incredibly expensive and you are blowing through $10,000 per year just on gas. This is insanity on steroids! And they aren't even reliable to top it all off. Living that way is crazy unless you are a doctor pulling in $500k per year.
No joke, I've owned ONE car my whole life. Scotty Kilmer's favorite. The 94 Toyota Celica.
If I need a truck, I rent one. Lowe's even let's you rent them for a few hours. Simple. Easy.
When 720 credit gets you 9%, the buying power of the masses with 640 credit goes to about $20K tops.
You knew better. Everyone over the age of 12 knows how much cars depreciate. Everyone knew that the used car bubble would end. It ended.
Sounds to me like the TH-camrs are making way too much money. Most of them only post the positive points so they can continue getting their invitations and freebies to all these events. Enjoy. It won’t last forever.
Used values are soft but that's a return to normal in reality
The vehicle market right now is absolutely atrocious
Not if you’re VW 0% available and vehicles are flying
@@kevs2good133 but it's still a VW which hold their value as good as a used condom
Dealers are now offering way below Kelly Trade-in values. Look at what they offer and then pull up your exact model and see what they are demanding to sell the same vehicle. Ridiculous greed.
Trade in the Land Cruiser and the bronco Ang get the new INEOS grenadier.
Ben bro the 2020-2023 era that you came up in where you could swap cars and make money is gone and it’s gone forever….. this is what should expect every time you get a new car, it will depr and the depr curve is the steepest in the first 3 years….
I made money before the pandemic
Ben, sorry to hear this news. Could be worse could be an EV. A friend bought an EV several months ago for $95k and generally hates it. Went to sell it with roughly 4500 miles and best offer is $39k.
Now that is sick...thank Biden.
To be honest that was stupid of him. How long did he think it would take him to save $95k in gas when he bought the thing?
Just more click bait. You're above this Ben.
I've got my car situation sorted, I've got a 2005 Chevy Colorado for pickup things, I've got a 2015 Jeep Wrangler for Off-Road Things, I've got a 2008 4Runner V8 for overlanding and daily driving things and I've got a 2020 Honda Pilot for family things. And they're all paid off and I'm only replacing them when they can't be fixed anymore or rot completely away.
Toyota going to 4-cylinder turbo engines in lieu of 6 & 8 cylinders will see sales plummet. It's already happening...bigly.
I like the channel. But confused about how you seem surprised by vehicle depreciation curves. 15-20% depreciation in the first year of new vehicle ownership is pretty standard. Covid was a bump in that curve, but thats all.
Losing lots of money on vehicles is easier when you’re making 6 figures just making videos about them on TH-cam.
You need to make a lot of million view videos on TH-cam before you're making that kind of money.
bought a 2007 lexus GX470 last fall. did all the background checks i could via paper trail. Timing belt and water pump changed 10k miles before i got it. Clean clean frame. even had a newish BP51 suspension. 4 months in. got oil changed. was told cam and crank shaft seals leaking..and..found out oil pump was leaking.. paid $20k for truck. had spent $2k on some body work and $1k on headlights and now found i needed $6400 in oil leak fix for "the most bullet proof car ever" ..only person i'd trade that dump too is the dealership who sold it to me "Blue Star auto group" Longmont CO. what a screw job. even for bullet proof engines. get it checked out by mechanic.
I experienced this scenario a few months ago. Brought my wife's RX 330 into the dealer for a routine oil change (Lexus of Greenwood Village, CO). I always expect them to find more service items, but was not expecting them to quote me ~$5,500 to replace the "leaking" valve covers and main seal. The service advisor counseled me by saying if a repair is more than $5K, then it probably makes sense to trade it in on a newer car (ostensibly, off their lot). I was a bit surprised how quickly my routine service appointment turned into a proposal to trade the car in, and suspicious that the repair job just so happened to be more than the trade-in threshold. Something didn't smell right to me, because there were no wet leaks on our garage floor. I passed on the dealer's proposal and took the RX to an independent shop (Toy Car Care in Centennial, CO). TCC confirmed the valve cover leaks, but found no evidence of a main seal problem. I had them do the work ($1,000, including oil change) and its been running great with no signs of a main seal leak. I can't prove it, but I believe the dealer was not acting in good faith. I get it. Times are difficult for car dealers, but instead of coming clean with customers, many (most?) are using all manner of tricks, like scaring service customers with a huge repair bill, to score a good used car on the cheap. I did send an email to the dealership's General Manager, but never heard back. I am in the market for another Lexus, and thankfully there are more than a few other dealers in the area to choose from.
DO NOT BUY TOYOTA AND LEXUS
They are not economy and reliable anymore after 1995
I don’t understand why Americans buy Japanese crap cars
Trading the Bronco and LC for a new GX550 Overtrail would be so metal. 👍
I would keep both LCs for the long term. I recommend getting a second opinion on the airbag light, perhaps find a different Toyota dealer or an independent mechanic that specializes in Toyotas. The Bronco, while cool, is going to depreciate way faster than those LCs.
You don’t need a backup car in case your late model, low, milage cars break. That’s what rentals are for.
Hey Ben! So you should consider putting it up for sale in the private market and find your buyer. Settle on a purchase price. But don’t sell it yet to the buyer. Now you need to work with a friendly dealer to buy something new. Include the trade in the deal. You tell them what you want for your SUV (the settled price) because you already have a buyer ready to go. Negotiate that into your new car purchase deal. You have your buyer meet you at the dealership where they can purchase the vehicle at the pre-negotiated price.
Because it was involved in an unclaimed wreck. That airbag light is not a factory issue. It is a previous owner issue.
Regarding your electrical/airbag issues, was the windshield ever replaced? Many issues can incur due to leaks that plagued the driver side sill area where a plethora of electrical run. If it was replaced, you may have a claim with those who sold it and others who replaced the glass. It’s critical that, not only OEM Glass is used since it’s much thicker, but it’s installed correctly. Personally I don’t advise giving up on the Land Cruiser. I have a 2019 and my wife drives a 2021 Lexus LX. The best!
Sell the LC and Raptor. Invest the cash in a college 529. Rent a car when you need a 3rd. Good luck
And what happens if you actually want to enjoy your life
Sell it to Untamed Motors! He wants a blizzard pearl one.
And he ain’t about to buy one from Ken Garff.
Untamed-the dude is a Karen.
I feel like V8s are gonna be highly sough after as these turbos fade out.
Why? What is the draw of a v8 for you?
@@jeffpayne2675 Natural asperation has less moving parts to go wrong smother with power delivery, and they last so much longer. My 2004 4.7 V8 has been so good. The gas mileage and power are still the same as it was when new, currently at 265K miles. I feel like it will go another 250K with basic upkeep.
Ben, we just sold our LandCruiser. It sold for high book on the 3rd day of listing. You might do the same if you are willing to list it on Autotrader or the like. Dealer offers are usually not the way to go unless you are shy about selling it outright. Mine has the same engine as yours and the 6 speed auto. It gave 98k of trouble free life and the interior still looks great, it drives like new and everything works. We also own 4 cars with one to deliver and two on the way here. In my opinion, it doesn't make sense to have 4 or 5 vehicles that are built for the same purpose like you have. We have a Landcruiser (Sold the old and just ordered a new version), a Lexus convertible, a Toyota Tacoma TRD-Pro, a BMW M2 and just ordered a Lexus RX350 Hybrid. One is for camping, two are for towing boats/ATV's/jetskis, one is for a road trip anytime but winter, one is for flat out driving fun, one is for hauling a quad/dirt/garbage and one is for cheap travel. Your channel may dictate that all are offload SUV's, but most people are not willing to pay for the insurance and gas on a fleet of large SUV's. I do hope you have happy car trading experiences though. My advise is to diversify. Initial price is cheaper, insurance is cheaper in most cases and you'll have variety to experience.
What vehicles are you looking at to replace your gray Land Cruiser? I highly recommend the looking LX600, Sequoia, and refreshed G-Wagon
Did you get a second opinion on the air bag light. I can't believe it's rusted wiring on a vehicle this new.Did it have this issue before the final wrap was done. It could be something as simple as a bad sensor. FWIW I bought my LC new over five years ago & have had no issues at all.
Working on it
The gx (not the latest model)can be a good replacement after u replace this one.Got a good v8 engine built to last,reliable and good Offroad just saying
What problem is the current Cruiser giving you? If you can swallow the loss in value I’d sell it. Thats Step 1.
And I wouldn’t be too hung up on the “feel” of the new Cruiser. It’s a 4 cylinder with lower fuel requirements, greater MPGs, newer, and a more practical way to get around.
I used to have 6 cars and today I only have 3. There was a time when I had 2 vettes and a viper and would take one vette for a ride, come home and swap for another vette, and then swap again for the viper. But to be honest I am way happier with less. I kept the viper and garage and park in a summer house and 2 Jeeps at my primary residence. Honestly I've been thinking of downsizing yet again to just 2 Jeeps but I'm having a hard time letting go of the viper.
Get an old used Toyota Corolla and sell everything else. Use all the money you save to purchase real estate, an appreciating asset that will make you a very wealthy man if done correctly. Nice, fancy toys are overrated.
Good luck outbidding BlackRock and Vanguard
Not everyone enjoys driving a POS
I'm starting to wish I had done this. I'm 62, have always had a "toy", but now I'm sorely tempted to sell my toy, which would allow me to pay off my DD F-150, plus eliminate that extra insurance payment, and focus in on paying off my wife's car. Then by the time I'm 65 in 2.5 years, I will have my F-150 and her CX-5, both low-mileage, paid off, and would have eliminated over $1,000/mo in car payments. That makes it much easier to retire at 65 (my family longevity is rubbish).
Telling a guy whose business is cars to buy a crappy car is terrible advice
Turn in your man card while you're at it. I'm sure you can do a better compromise than an old Corolla. Older Rx350 would be much better
Be thankful you weren't trading EVs. Their laptop style depreciation is horrible. Having talked to several Tesla buyers, they were all buried. Ruined their finances.
That cat knew the best car and sat on it.😉
Have you escalated the airbag issue to Toyota USA? Have you tried another dealer, or an independent shop with an excellent diagnostic tech?
One thing for sure you need space in that garage... not for the cars, but from those stuff that were chilling against the wall ...like
Hi Ben if it helps. My Landcruiser sold for 80k. It was a 2021 with 16800 miles on it. Was getting offered between 74 to 76. Carvana was doing 77 car max was doing 77.5 and my own Toyota dealer did it for 80. Just fyi…
I have three cars, one of them is a Pontiac Firebird currently in hibernation, I should probably take that out for the summer. My main daily driver is a 4Runner, and my backup car/ dog car/beater is an '07 Volvo wagon. I have no issue keeping the two cars on the road, in fact I'm thinking of buying a third because I really want a large SUV like a Suburban.
Subscribed. Great channel Ben. Keep up the good work. The raptor comments surprised me.
You purchased two, one was an unusually bad example. What is really unfortunate is that it is the one for your wife. Give her “yours”, trade in the bad one and get whatever will be good for TH-cam content. It is unfortunate but not much worse.
Ben Hardy! How many cars do you need???!!!
I have 5 cars. Most of what you said is an issue (registration, maintenance). But I fill up the gas tank first chance I get once they reach 50% so I never worry if they have gas.
There's an easy solution to not knowing how much gas is in each vehicle. I never let any of mine get under a quarter tank, and usually fill up at 50%. Life is stressful enough without creating unnecessary additional stresses.
That land. Cruser will loose another 10k by winter
I have no idea.why you have 4 of suvs and 3 of them are identical. What a waste of time. i have 5 cars and 3 bikes and have a warehouse and a helper. Its almost a full tkme job to keep them all operational
Buy assets that appreciate. Real estate is great.
If i were in your position, I would keep the good LC and one other practical family vehicle (think something like a new Highlander Hybrid). Then you can rotate out a third vehicle for the sake of the channel/business. So, cut your losses with the bad LC & Bronco Raptor and simply get rid of the wrangler to make space for the channel.
I switched from 3.5 Ecoboost to 3.0L Powerstroke diesel and never looked back. If you want Long term go diesel ⛽ Tahoe or Denali
I've got a 1999 GMC Sierra ext-cab 5.3 V-8 engine Z-71 4x4 with 142K on the clock I bought new. 2018 Toyota 4Runner premium, TRD Off Road 50K miles. The wife has a 1996 Lincoln Town Car Cartier 110K on the clock. They were paid off years ago. I just spent $1,900.00 for top end old leaks on the GMC and it's good as new again. That repair was one or two car payments in this day and age. The truck and 4Runner are fully covered with Progressive auto insurance for a whole year. The Lincoln is insured with Hagerty Classic Auto Insurance for 10K total loss vs. fair market value. Your complaining about gas prices but your 70-80K each into four autos. What's wrong with a used Camry and a V-6 Tacoma? You need to dial it back and get those car dealers out of your pockets. I'd private party sell what you have at retail. Your upside down to trade in with a dealer. He'll just flip YOUR loss into his pocket. Good luck.
Since you’re keeping one of the land cruisers, I’d say you gotta commit to keeping it for a long time. Should be reliable barring another roof incident. Swapping the bronco raptor for something like a sports car might be a good move. Then you’ve got more variety in the car fleet.
What you can look for is a vehicle with a rebate like a ford F150. Maybe a ford lightening to get the rebate credit as well.
Ben, I hope you have a sense of humor. Just one question. Did you use the Ben Hardy 'Learn How To Save Time And Money The Next Time You Buy A Car' guide? I always appreciate your videos. All of them!
KBB is a good value guide but don’t expect the dealer to give you that. After all they are in business to make money. Good luck 😎
Ben so funny! I had two cars and was hard to keep track of everything 😅 down to one (just me)and super happy although I always want something different! Thanks for the laugh
Have an 07 Tundra, that same light is on, don't care, repair shop doesn't even comment on it.
Are you crazy, i saw the Landcuiser, the interior is all cheap plastic, far from Lexus like.
Don’t Trade the old Land cruiser that’s a bad choice buddy don’t do it !
Wild hearing how hard life is with a stable of cars worth ~$300k. Indeed, "Cars are too expensive and no one is buying" but fortunately, people like Ben are around to keep the OEMs a float.
I'm one person and I own two cars and that gets hectic. Just keeping up with registration or state inspection but I live alone and 50 mi from my closest family member so if one breaks it's nice to have a backup
Just traded my 2015 TRD Pro 4Runner (one owner 130k miles) for a new First Edition. There definitely is a noticeable difference with the powertrain. But overall it's a more modern vehicle that will take me into the future more comfortably.
So much for the vaunted Toyota reliability ahe? Listen, you have multiple $50-100k ish vehicles (brand new), there isn't any way out of them without taking a significant hit, especially with what's happening in the car market right now.
I suggest writing down your losses in vehicle sales/modifications you did before selling vehicles ect, and trade ins over the past year. I bet it will quickly add up to the down payment for a second house or something else that could lead to more financial freedom for your family instead of depreciating assets just my 2c.
Was landcruiser new when bought it ? If not id susspect it leaked and was fixed. Not sure how rust harness otherwise.
It was used but low miles.
Dude has like 4 of the same type of car. Bro get one suv and a commuter wtf you need 4 suvs for. Otherwise stop complaining about costs
Always funny when we in the biz have this happen. I include myself here too. Following. My Dad always told me, your first loss is your best loss. If you dont like the car, prolly not gonna change. Cars have never been an investment....for me. btw - 2.0 T 4 in my 24 Willys, replaced 22 Wrangler Rubi with same, Love Turbo 4's. Especially at altitude.
Keep it, fix it up. Those Land Cruisers are valuable now and even more so in the years to come.
Yeah, that sucks! I'm stuck in a 2015 Suburban I bought during covid, it was way overpriced due to the shortage. I just did the online estimate with Carmax and let's just say, I'm going to be stuck with this suburban for another year maybe two and I want something else SO BAD!!!!
All I want is ONE Land Cruiser and you have TWO! lol. In a perfect world my wife has her SQ5, I'm looking to get out of my Subaru Lease and go with something larger for two kids Ie. Cruiser, Sequoia, Tahoe, something and then a 3rd car for fun / weekends.
I think, as a basic framework, an idea garage for the average household should include one family vehicle, one daily driver, and one special vehicle (classic, sports car, etc.) and/or motorcycle.
My uncle just stores his other vehicles and mostly daily 1 or 2 out of his collection.
All cars depreciate but the new. Lexus v6 twin turbo is a powerful engine and you will still lose money
Buried? How about paying 73k for a 23 Rubicon 4Xe and getting several dealers offering me sub 38 on average, car had only 1200 miles btw
I just got rid of my 2024 Tundra Limited TRD for a 24’ AT4X with the 3.0L DuraMax. We do have a 11’ LX570 that’s been a great people hauler. However, you have another LC. I’d sell it Ben!
Cars are not all equal. I love ppl who are like "this brand is the best"... the problem is these cars are made by humans on any day of the week. Case in point my brand new 22 LC 500 came to me from the factory LOADED with issues that not all were resolved and that is their premium model. To put it blunt i was and am very upset by it.
The LR doesn't look that problematic now.
You are losing millions of dollars in potential retirement with these depreciating assets, also depreciating assets should never be worth more than 50% of you annual income, I pray none of these are financed
After you explained how your new LC experience was, you should keep the LC and get it sorted out. Remember, you bought it for the long term.
So, what is the appraised trade in value? Did I miss anything in the video.
Letting a cat jump on your vehicles and scratch the paint is not gonna help any resale values
It’s wrapped
Hey Ben, cant you write those losses off on taxes as a business expense since they’ve been used for content?
Yes
Why do you have so many vehicles? I only have 2 vehicles, '22 Corolla my daily driver and 2014 370Z weekend warrior. Probably going to sell the 370Z and get a Rav4. Need a bigger vehicle for Costco shopping, AWD for some off roading and snow.
Take the Land Cruiser 4 wheeling on the beach, get it stuck right near the shoreline and wait for the tide to come in. Make sure your insurance is paid up to date & file a total loss claim, LOL!
" im not selling or trading it in today " duhhhhh aint no one gonna buy it bro 😅😅😅
Trade in the Land Cruiser and the Bronco and get the new INEOS Grenadier.
I'd pare it down to two cars. You said you were making money pre plandemic but this is a totally different market now with inflation.
We got 4 cars but also a large family so they’re driven daily 2 paid off they never going away and 2 leased that are going when it ends
You are talking about power band. The 4 cylinder makes more powe at its top rpm. But the v8 makes more power in its whole curve. I own 3 cars. Well 2 mustangs and an excursion. I work on my vehicles. I paid about 11k for all 3. All run and drive perfect. I couldn't imagine monthly payments. That's a lot of mods.
There are more and more YT channels with problematic Tacomas, Tundras, GR yaris with blown engine..... Toyota has been losing their quality edge for a while. It'll take a while for people to realize it and it'll take even longer for Toyota to come down their high horse and not charge so much for the badge.
im not a trade in guy...... i would just keep it or sell it outright. lets spend a little more time on the airbag light..sucks either way
Don't worry your TH-cam money will make up the difference 😅
Ineos Grenadier would be my suggestion. However, there have been a lot of videos on that so I don't know if you would get the needed views.
Keep the 5.7, get rid of the Bronco.
I am sorry to hear this update Ben. This is been a saga of bad vehicles from you. Thank you for sharing despite how much hurts. I think you may end trading your vehicle. I cannot tell you what to buy. I would visit the GMC dealership. I am again sorry...
Keep both Land Cruisers and you’ll thank yourself later. I was 5 min into your great video and thought **rather young-ish** man if my wife and I could BOTH drive land cruisers that would be ‘gangsta!’ But seriously, jeeps and broncos will always be around for the next couple decades. 300’s? Who knows! Keep the LC’s and you won’t have depreciating nightmares. Thanks for reading my rant. 😊 7:33
Love your content Ben, but losing some money on it should not be a problem based on the amount of vehicles you flip. Buy one or two u like and just enjoy them with your family! Make memories with them! That’s where your real value is! 5 years from now none of those cars will even matter! I plan on keeping my 22 5th gen TRD pro for an awhile and driving everywhere and stickering up that rear window until it tells its own story! You have great taste, mostlly….stick with made in Japan…..👍👍
I dont see anything wrong with land cruiser you can drive it for many yrs to come with that airbag light np
Don't play that game, value it based on how it suits your needs.