Last post on Dec 31, 2012 at 1:53 PM
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Toyota Sequoia, SUV
#8899 of 8984 Used Tahoe/Sequoia
Aug 22, 2007 (9:37 am)
I recently purchased a new 2007 Sequoia and absolutely love it. I must admit that I did not test drive a Yukon/Tahoe/any American made SUV, but trust that my Toyota product will give me years of rattle free/dependable service. I have owned three Toyota 4Runners that ran impecably for many many miles and even after 150K, still had no rattles/reliability issues. My brother has had his Yukon/Tahoe for about 5 yrs and it has had small problems and lots of rattles/squeaks. he has replaced both the water pump and alternator in thise past five yrs. Has had minor oil leaks from manifold, but overall loves his beast.
#8900 of 8984 Re: Used Tahoe/Sequoia [abbylou]
Aug 22, 2007 (10:47 am)
I can relate to that. My Yukon with 144K miles has been about 99% trouble-free. It's needed a water pump - which I consider routine maintenance if you keep a vehicle long enough...and a fuel pump. Otherwise, it's simply change the oil every 5,000 miles and no worries. In fact, after 144,000 miles, I'm still on my original set of brake pads. Unbelievable, but true. Every time I go in for an oil change or yearly inspection, I ask my mechanic if it's time for new pads, and he said I still have about 40% left in the front. Amazing.
I really like the Z71 Tahoe's rugged look, and gas mileage in my Yukon has been 17-18mpg over the years that I've owned it, so no complaints there either. Still...I have that feeling that I would really like the Sequoia also....
I guess it's time to go to a dealership and drive a Sequoia...maybe even see if I can keep one overnight, just to get a feel for it.
Aug 24, 2007 (5:33 am)
144,000 and origional brake pads??? How many times have you replaced the rear pads? Maby there is some type of imbalance in how the brakes are being applied. That type of brake life is something I would expect from NASCAR all go and no stop!!!
#8902 of 8984 Buy 2004 Sequoia at Lease End?
Oct 09, 2007 (5:31 pm)
Our lease is up in two months on our 2004 Sequoia. I will be replacing it with a GMC Acadia. However, my husband is thinking of replacing his 1999 Acura RL sedan with 93,000 miles. He is hoping to sell this for $8,000 - $9,000. He really needs something that is good in snow and on ice because he is an ER doctor and works very odd hours when the snow plows aren't always out yet.
We are considering whether we should buy the Sequoia at the end of the lease. The residual value is $24,178. Leasing company will not negotiate on the price, however, after researching on Edmunds and some local Toyota dealership sites, this looks to be a fair price. The 2004 Sequoia will have 37,000 miles on it at the end of the lease. It will probably need all new tires as the tires are worn and the brake pads need to be replaced soon.
Should we buy the '04 Sequoia which needs all new tires and brake pads or should we lease a new car for him or an'06. We are considering either an Infiniti FX35 althought the gas mileage is only a little better or some other smaller SUV?
I know this is a lot of questions at once but we are really struggling with whether to buy or lease used or new. It seems that buying cars is a losing battle no matter what...
#8903 of 8984 Re: Buy 2004 Sequoia at Lease End? [baseballmom97]
Oct 09, 2007 (8:56 pm)
This probably belongs in the Toyota Sequoia Lease Questions discussion and you should try not to post the same message in many different topcs.
As to your questions, I have another one!
When you buy a car at the end of a lease does the dealer have an obligation to restore the car to "sellable condition," i.e. to replace or repair worn and defective parts?
SUVs and Smart Shopper
#8904 of 8984 Re: Buy 2004 Sequoia at Lease End? [baseballmom97]
Oct 10, 2007 (1:17 am)
If your Sequoia has been dependable and you believe the price is fair, then by all means make the purchase. It's probably a safer long term bet dollar for dollar than buying a replacement vehicle. New tires and brakes (if needed) are normal expenses. Repairs are definitely less expensive in the short term than purchasing new and making 5 more years of vehicle payments. The negative is if you don't have an extended warranty, making vehicle repairs could break the bank.
If you are considering a smaller SUV, Toyota has the new Highlander. I have the 4Runner, but Sequoia's and Highlander's ride better IMO.
Last but not least, if your husband is considered self employed or in an incorporated practice, then talk to your tax person to see what benefits could be had. It's quite possible to be writing off or depreciating use of a new vehicle related to his practice, but only your tax person can confirm or deny what the benefits are.
#8905 of 8984 Re: Buy 2004 Sequoia at Lease End? [canddmeyer]
Oct 10, 2007 (5:48 am)
Tidester, sorry for posting in a few different topic threads. I wasn't sure where it belonged and some topics seem to be more active than others. Yes, I think the dealer should restore the vehicle to usable condition but that is also why you should have a mechanic check out a used vehicle you buy or make sure it is certified preowned.
Canddmeyer, thanks for your input -- yes, we think it would be a good purchase especially on a Toyota and I've treated it pretty well although our only concern is when we want to sell it in 3 years as a 6 year old vehicle, how will the resale market for large SUVs be. I hear it is already bad with the current gas prices.
#8906 of 8984 Re: Buy 2004 Sequoia at Lease End? [baseballmom97]
Oct 10, 2007 (1:19 pm)
Toyota's usually have a premium resale value, so I wouldn't worry about it even if gas skyrocketed. I'd expect the value 3 years down the road to be more than 50% of what it is today. Since you are getting an Acadia, your husband could borrow that when it snows, and you two could pursue another economical vehicle to replace the Acura if gas prices got you worried. The Sequoia seems to be the odd man out since the Acadia is replacing it.
#8907 of 8984 Re: Buy 2004 Sequoia at Lease End? [canddmeyer]
Oct 11, 2007 (2:11 pm)
Thanks for the input so far.
Here's another interesting twist to the situation:
We stopped by the Toyota dealer today to have the service department look at the plastic that is peeling off the rear bumper to see if it is covered under warranty. While we were waiting for the service manager, I walked onto the sales floor and ended up speaking to the general manager of the dealership about when the 2008 Sequoias are expected in. He said they wouldn't get them until Dec. or Jan. and they would either be an '08 or '09 model -- he wasn't sure but knew they would be a lot bigger.
I asked if he could get any 2007 Sequoias in yet -- he said probably. Then I mentioned that I had a leased 2004 Seq. that is up in December. He said "let me take a look at it."
Then he said he'll look for a 2007 with the options that we want and that we might just be able to buy out the 2004 and then trade it to him for the 2007. Our buy-out price from the leasing company (not Toyota Financial) is $24,178. He said that way we would avoid the charges for the excess mileage, dings, and worn tires (the back tires are awful) and he said we also wouldn't pay tax. He seemed to be very excited about the Sequoia -- said they're hard to come by...not sure if this was a line.
We've never done this type of deal before. If it works out for us to buy the 2004 Seq., trade it towards a 2007 and end up with no money taken out of the savings account, no money down and roughly the same monthly lease payment that I currently have ($501), I'm inclined to think it's a fair deal. What am I missing and what should I look for to make sure we don't get taken?? Thanks again!
#8908 of 8984 Re: Buy 2004 Sequoia at Lease End? [baseballmom97]
Oct 12, 2007 (12:47 am)
I'm not as trusting as you. Don't buy the Sequoia unless you are going to keep it is my opinion. But first, don't risk personal injury to yourself and others because you want to save $500 on tires. If the tires are really that bad, get two new rear tires. One wreck due to loss of traction or a blowout between now and the time the lease expires will cause you much aggravation, not to mention some new insurance rates.
If your dealer wants to sell or lease you a new Sequoia, work that deal separately forgoing any trade-in. I wouldn't buy it to trade it in. If you want another Sequoia, jump on the internet and look for one, and don't wait until your lease is up. Obviously money isn't too much of an issue since you'd be in for two new vehicle payments. You might want to consider ownership this time around.