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Crazy or Not?

T

Traditional Farmer

Well-known Member
Location
Virginia
At an auction yesterday they had a 1993 Toyota pickup with less than 60,000 miles had been owned by an older fellow,always garaged,never driven in snow so no real rust just a little surface rust on some of the frame,new tires,auto,AC and absolutely spotless in the cab,extended cab too.Well I decided I wanted it just what i have been looking for to run around in to do errands etc.So how much to bid? I finally quit at $5500 that plus the 10% buyers premium would have put it over $6,000.Felt like that was more than enough in a way and in a way not,wife said I should have hit it a few more times if it was what I wanted.What do you all think? It was a 2WD drive also which is want I wanted.
 
What do I think?

I think if you were at an auction and your wife was telling you bid more, bid more you were in the middle of a good dream :D :D :D
 
Good clean low mileage trucks and cars are hard to find , but still that was getting up there ! Sounds like they auctions when I go and am interested in something it seems to go for way more than a private sale would bring.
Makes the 1985 ? Dodge Ram 50 4x4 with only 38,000 mi. at around $5,600 on craigslist seem like a good deal now ? For anyone interested I saw it on the Akron Ohio listings.
 
A tough call. I guess for me it would depend if I thought I needed it more than I wanted it. The 10% premium would be a deal breaker. If one was a bit of a gambler he could buy it and drive it with a for sale sign on it and see if someone wanted it worse than you did.
 
I bought a 96 Toyota pickup, 2 wheel drive auto, 186,000 miles for $2800. Truck was never driven in snow, frame has no rust. Seems like a lot, but has been a handy little truck. I also have a 94 Toyota 4 wheel drive with 74,000 miles frame has been repaired several times, new lower and upper control arms, body is in fair condition, used as a farm truck, got it free but stuck lots of time and money into it. But then Wife says "If its free its worth saving up for"
 
Traditional,
There are times buying used isn't a bargin.
Ex. My first trailer was a 15 year old 7k landscape trailer. By the time I replaced brakes, wheel bearings, wired up new lights, paint job and new tires I saved just a few hundred dollars vs a used trailer.
That taught me a valuable lesson. I purhased new dump trailer and Implement trailer.

2007 was the last year for GMC classic body style. Once again buying a used truck wasn't appealing. I found a dealer in Sullivan, In who went on line shoppped for the work truck I wanted, 6 cylinder, full size bed, limited slip differential, and red. He dealer traded to get the truck I wanted. I paid $13,400 cash out the door price, sales tax included. I'll never buy another new work truck for that price again. GM was hurting and so was the rest of the country, crash of 2008. I'll never find a classic low rider again, so when that truck's wheels fall off, I'll put new ones on. Replace what ever it takes to keep it on the road as long as possible.
BYW, before I took the new truck home, I stopped off at Z-tech and got a sprayed in bedliner and undercoat. Best money ever spent. Most trucks 12 year old GM trucks have cancer, rust all over.
Shop around. Long term used items may cost more than new. My new truck came with a 5 year warranty. Glad it did. It took them 5 years to finally stop all the engine oil leaks. Every 3k miles dealer changed oil and had to replace something on engine to stop leaks.
geo
 
Was it from an estate and two family members were fighting over it? Maybe it was just one family member or person that wanted it for sentimental reason and was willing to pay more than it was worth.
 
You cant go wrong with a Toyota. A lot of people are buying those if they can find them. That is a cream puff. You will get your moneys worth. Is it a Tacoma?
 
I think you were right to quit. I don?t care how good it looked, it was still old. And once things get over the 20 year mark, getting parts can become a pain. And the price was getting too high. For me , $3,500.00 would have been top buck.
 
You went further with the bidding than I would.

Seen that "bidding frenzy" take things above and beyond buying new prices!

Back to the 93 Toyota, that would have had OBDI emissions, difficult to troubleshoot. Toyota parts prices are notoriously high. Even though low mileage it would have easily been a money pit.

You did the right thing.
 
Parts wouldn't be an issue I have a good friend that owns a very large foreign car parts salvage yard about 5 miles from me,probably would give me any parts I ever needed.
My wife's 97 Corolla has 270,000+ miles on it and we have had to do almost no work on it other then regular things like change oil,brakes,air cleaner etc.
 

That's a little high but those little trucks are getting hard to find, bought my 90 Toyota about 8 years ago for $2200, 2wd, exd cab, 5 spd with 190k miles and some rust in the rocker panels. It's my little little run around beater/parts getter, it's a blast to drive and averages 25 mpg local, at times I wish it was 4x4 but then it would set higher, at it's present height I can reach anything in the bed and the tailgate is just the right height to use as a bench out in the field or to sit on while eating lunch.
If a item is in the center of the bed on our present full size Silverado or F-150 your climbing up in the bed to get it, and one nearly needs a ladder just to get in the bed with the tailgate down.
 
I have only ever bought 1 new vehicle and will never buy another one unless something really weird happened.Say a new truck cost me $40,000 I'd loose more in depreciation
when I bought it home and parked it in the driveway than I bid on the one yesterday.Plus we have yearly personal property taxes on vehicles on say $30,000 value
the tax bill would be $1500 a year for a couple years anyway,on a 1993 probably $50.Anyway I farm with 50 year old tractors so age in itself isn't a big deal to me.
 
For the buyer it's worth whatever it sold for. For you though, it just sold for more than you thought it was worth.
 
You did right. I always know what my top bid is before I bid on anything. Sometimes it starts higher than my top bid, in those cases, I just walk away in amazement. BTW I rarely attend a buyer premium auction. Guess they are OK, it?s just one of those changes I don?t particularly care for at my age.
 
I always set my top bid ahead of time and bid once above that in case someone else has set that price as their top.

When it hits that, I walk away.
 
From what you describe I would say it was worth the money to you for what you wanted it for. those little units seemed to run a long time,, must have been a nice one as the other bidder wanted it bad also,, I too wanted a run around unit, there are lots of small trucks here but most have 150,000 Plus miles,, and they want 2-4 K for the few 2whl drives around here,most all are 4x4's and are even more,, and most have been hammered by being a teen unit so I looked for a Dodge Neon, found a great running one with about all the bells and whistles you could get on one,, 158K on it,, has dents in various places,, gets great mileage,, and keeps me in shape getting in and out of it lol. only thing about it that bugs me is they cost more for liability than my 97 Dodge 3/4 dsl does to insure and only cost 1300.00 ,, but I figure it saves me a lot of wear and tear on the pickup for running around town. Today what do you really get for 6K,, heck my 2016 Ranger ended up at just over 20K when I got done adding what I wanted,, but I would not take a brand new small 4x4 pickup in trade to replace it,, so i know what you mean when you said you "wanted it"
cnt
 
I have a Dodge 2500...I keep 6 foot rod in the bed to pull stuff back to the tailgate. Rod has a 6 inch hook on one end.
 
We have a 94 Ford currently in town for sale. He ordered it upon retirement in 94 from the postal service and is now in failing health so that is the reason for the sale. It has never been rained or snowed on or driven in rain or snow. 38000 miles. Everything but 4wd. $8000 firm and 7750 has been turned down. What does something like that bring in Dallas or Phoenix?
 
After looking at the high mileage,high priced junk on CL and FB Marketplace today I sure wish I'd of gone at least another $1,000 had the cash in the truck to cover it too_Oh well always next time.
 
It's your money do as you want. I've been retired 15 years. Bought 2 new cars, one new truck, 2 new trailers, new kasawki mule and new tractor. I have no regrets.
I'd prefer to spend my money. Someone has to be new others wise there wouldn't be used ones.
 
You probably stopped about the right time. Has some age to it.

2wd would kill it for value around here. Can?t even drive a 2wd pickup in a sloped driveway around here in winter, just spin.

I get it for a southern location, less complex less to fix less weight to drag around! But up here in the tundra, there just is no value to a 2wd. So it?s difficult to adjust to one having a value. :)

Paul
 
I have a couple small 4WD pickups to use around the farm,don't care for the way a 4WD drives on the road.Plus when it snows only traveling I do is on the tractors.
 
(quoted from post at 16:46:55 11/10/19) I have only ever bought 1 new vehicle and will never buy another one unless something really weird happened.Say a new truck cost me $40,000 I'd loose more in depreciation
when I bought it home and parked it in the driveway than I bid on the one yesterday.
Click to expand...

That new car depreciation only matters if you don't plan to keep it for any length of time. If you keep them, there is normal depreciation over its life.. The personal property tax is between you citizens and your government overlords. Replace them, don't keep voting for them.
 
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