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This message has been edited. Last edited by: dwd1985,

make the trade.

quote:

Originally posted by doublesharp:
make the trade.

+1
Sounds like a good time.... while there's still a good amount of value in your older truck.

Let her go. It’s a piece of equipment. Reliablity is important.

I'd have to advise making the trade. I just reached that point myself. 2004 Silverado purchased new, driven for nearly 220,000 miles was reaching that point where repair and replacement episodes were becoming more frequent and threatening to be more costly. I traded it in on a newer model 2 weeks ago. It was time.

I would definitely get the 2014. I hate being nickel and dimed by my vehicles.

Jim

93K miles on a 12 year old Toyota isn't many miles. Less than 8K per year.

Toyotas are well known for lasting until they rust away if the owner performs even partial routine maintenance.

Some things to consider:
Is the transfer case issue typical of the model or a sign of abuse?

Is the steering leak in any way related to the other issue? Four wheeling can be hard on things.

Is money really not an issue? While KBB says you can pull $12K, be honest, is it worth that? How long will it take to get that? From a numbers point of view, spend $4K or spend $14K. Do you have $10K to spare? Would you need to finance the $14K? Do you have the $4K?

Are you using the truck within its abilities and your abilities or are you constantly pushing the limits?

My last truck(2005 frontier) went 250K miles and I drove it every day like I stole it. Hard accelerations and rapid decelerations. Aggressively getting where I wanted to go. I changed the fluids and tires and that's about it. It made cross country trips, pulled my 19'RV, and occasionally went four wheeling. I sold it for $3K, the new owner put cam shaft position sensors in it, and will likely see to past 300K.

Ultimarely the choice will be yours, but be honest with yourself when making the decision. It's okay to want different. It's okay to not want to hassle with repairs. Just be sure to look at the biggest picture possible.

--damn, I sound like some old dude...

If you tried to sell it as is, you wouldn't get anywhere near KBB.

If you fix it up and DO get KBB, you're still in the hole.

I'd check to see what it's worth trade-in as is and make the decision from there.

If you can fix everything that's wrong with it for $4k I'd say that's the way to go. 100,000 is nothing these days.

You put it to good use, sounds like it's time to move on.

The present repairs will cost you either way as PHPaul said so they shouldn't factor in to you decision.
The mileage isn't very high as vehicles like that could be expected to run fine and reliably for a couple of hundred thousand miles with good maintenance. Depreciation at this point is minimal compared to a newer version and insurance costs less too.
If it were me, I'd do the repairs and drive it for several more years. This is strictly a financial decision, not an emotional one.
If you really want the newer one and the $14,000 doesn't cramp your budget than that's your answer.

My suggestion is also to go with the 14.
Tacoma are great vehicles.
I've owned a 94, 96, 11 and presently drive a 16.
Will replace it, with a 19, next year.
They all have been economical, dependable daily drivers.
Current one is a V6, SR5 with tow package.

quote:

Originally posted by dwd1985:
Thanks for all of the responses. I'm actually surprised, I figured I would have more responses similar to ffips, urging me to fix/keep the old one.

I was already leaning towards the "new" Tacoma, so you guys are helping to keep pushing me in that direction.

Don't misunderstand my post. I am simply saying be honest with yourself and make the best decision based on what you know. Look at it from all angles.

I own a small biz with many vehicles so this opinion is slightly biased to getting the most bang for the buck out of a reliable vehicle.

300K is the new 100K for good units which you have there.

It’s just broken in imo.

That being said if cash isn’t that big of a deal to you then pass it on.

I didn’t read your entire thread so if you already made your final decision i’m sorry for the late post.

Just 1 opinion.

I was going to say keep it but the body damaged tossed me over to the other side. I have 256 k on my 07 f 150 put a transmission in it and a starter, body is in great shape so I'm keeping it, if something major goes out on it I might just replace the engine or whatever, the new trucks are just so freaking high I just have a hard time paying it. I might add I changed my spark plugs at 100 k

If I were in your position, I'd fix it. The newer truck just means that it's on its way to similar repairs. Repair your old truck, and the timer for those repairs are reset. The price difference between the two trucks can probably keep your old truck running forever.

If you are going to upgrade, you should upgrade to something more current, rather than something so similar to your current truck.

I'd keep the one you know.

Question I asked myself was would the used truck value go up with repairs. Or another way is what would it cost to buy your truck functioning?

In my case I would have spent nearly $3000 to repair a truck that could be bought all day long for $2800.

If you can comfortably do it upgrade.

My buddy had a 2004 taco ( last year or smaller body) 4wd manual. 186k and never changed clutch or water pump so you know that was coming sold it (as in had the cash in his hand and signed away the pink slip) in 12 hours for 8k and had 20 guys email him in that day wanting to buy it he probly could have started a bidding war. I bet you could move yours quickly.

As others have said, I'd upgrade to something newer if the finances work for you;otherwise, payout a few thousand & your truck will probably last another 100,000.

If it was me and even if I could afford a new truck...I'd fix up the truck & run it until it dies.

I have a 2001 Tacoma with 195k on it. Still runs like a top. If the decision were mine on a similar truck, I would fix the truck and figure myself ahead 10k dollars. Mine is the manual trans, king cab 4WD. It is a great truck.