Last post on Mar 31, 2013 at 1:43 PM
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Toyota Sienna, Car Buying, Van
#151 of 177 HELP Buying Used 2001 Sienna
Jan 13, 2012 (7:33 pm)
The last car we bought was in 1999. A 1998 Toyota Corolla LE. It has 136,000 miles on it now (and a cassette tape player)! We purchased this car before kids.
We've grown out of it since we started camping last year and want to buy a minivan.
I applied for a car loan on Wednesday and it was denied. Now what?
We are now considering buying a 2001ish Sienna for cold hard cash. We have about $5000.
What do I need to know about buying a 2000, 2001 or 2002 Sienna? We don't care about options, just need a ride. We are planning on looking on auto trader and craigslist. We are NOT car buying (nor car fixing) people. We're looking for something reliable to drive for 3 years while we pay ourselves a car payment and get farther away from the bankruptcy(2007) when we could buy something newer with lower miles.
Is TMV realistic when buying a vehicle like this?
Should we buy from a dealer over private?
How do you make the deal with cash...a cashier's check? money order?
What should we look out for with regards to these years?
#152 of 177 Re: HELP Buying Used 2001 Sienna [michelleonline]
Feb 10, 2012 (6:43 pm)
You would pay with a cashier's check from a bank or with a money order. You should also take the car to a mechanic and have them check it out for $50 - $100 or so to be sure it is OK.
You can also call your local police and (at least where I live) they will immediately dispatch a policeman to do a VIN check on the car to make sure that it is not stolen.
You can order a carfax if you want. I have looked extensively on Craigslist. Beware of the scams offering too-good-to-be-true deals where they say they are in the military and they will ship it to you from out of state and they ask you to pay via EBay. Ebay does not have any service where you could send them the money and EBay would hold onto it until after you get the vehicle. This is a major, major, major scam. I have seen 3 different listings like this.
Personally, I would go to my bank with the buyer and have them witness me getting the cashier's check so that they know it is not counterfiet.
Also, beware that 2/3 or so of the listings on Craigslist are from dealers...many of they make the listing as individuals, but they turn out to be small used car dealers. I would steer clear of them. Cut out the dealer's profit and split that between the buyer and the seller.
#153 of 177 Re: HELP Buying Used 2001 Sienna [michelleonline]
May 10, 2012 (8:24 am)
I recently (2010) bought a used 2001 Toyota Sienna, there are some issues with this van to worry about before purchasing. While they are great vans, if they are taken care of.. they are a nightmare if they have been neglected.
First thing to keep in mind, this vehicle at this point is 11 years old.. they will need some kind of work.. whether it be basic maintenance or some other repair work done.
Secondly, there are a few Toyota Service Bulletins on this van.
the first is; There was a "hidden" recall for engine sludging.. this is typically fixed at this point, if there was an issue, you would need to rebuild the engine. This was corrected in the 2004 model year with the 3.3ltr replacement engine. Second was an issue with the ECM causing the engine to knock heavily causing issues with bent valves, or knocking motor sounds, it can be "hidden" with a thick oil. Keep this in mind prior to buying one..
Actual recalls are also something to keep in mind.. 1. there are about 600 of them that were affected with sub-frame separation that will cause vibrations, or at worst the front with clunk heavily.. this is fixed for free from toyota.. 2. There was a recall on 60K of them for rot on the spare tire cable that can cause the spare tire to fall off the van.. This was fixed on mine.. But, again, if the van was neglected.. then who knows..
i purchased my van at 70K miles, i now have 105K miles on mine.. In that time i have replaced.. 4 tires, Brakes, ball joints, tie rod ends, suspension bushings, ECM (mine was effected 500.00 part at salvage yard) Transmission fluid flush, Coolant flush, and dropped the Oil pan to clean out sludging issues.. have since run Full synthetic oil and now my van runs like a champ) I paid 4K for my van and so far have put in roughly 2k dollars in parts, which i have done 100% myself.. i would think it would be triple that if i had a mechanic or dealer do it. While i love and i do LOVE my van.. if i didnt have a mechanical background i would have bought a 2004 or newer.. where the worst are the issues are power doors breaking.. Best of luck.. hope this helps..
#154 of 177 Re: HELP Buying Used 2001 Sienna [michelleonline]
May 10, 2012 (11:07 am)
In addition to the issues mentioned there is another major one:
For 2000-2002 model , IIRC, sienna had a TSB for replacement of ECM for 8years (expired already) which may result in ECM failure and/or exhaust system catalytic converter failure. ( I had 2001 sienna which I disposed off in March, I had to change both the O2 sensors twice and again the error was coming for O2 sensor failure or Catalytic converter failure think of $$$$ expense in repair).
But if the seller has got the ECM replaced under this TSB then you will be safe. So ask the owner about it.
#155 of 177 TMV pricing on used Sienna?
Oct 02, 2011 (9:55 pm)
#156 of 177 TMV pricing on used Sienna?
Sep 19, 2011 (2:55 pm)
I'd love some feedback from others who have bought used! I am trying to buy a good clean low mileage minivan. I have tried other brands and models with little success; now am trying Toyota.
I have been using Edmunds.com TMV with disastrous results -- nobody seems to accept these numbers. Not dealers, not private sellers. They often get seriously angry if you bring these numbers in.
Example: I have found a very nice clean 2005 Sienna with 50K. But the dealer has it marked $17,950. Edmunds TMV (for dealer retail!) is .... $11,040.
Now that's a darn big gap. I can see going a bit over TMV for an especially nice car, on of the border of "excellent" vs. "good". But $6000? How can there be such a huge gap?
How can I offer $6000 UNDER asking price? I mean, I can negotiate a thousand or two off the price. But $6000?
So which price is correct? And how do I keep from getting ripped off? (The van is not Toyota certified, but "dealer" certified, about a 3 month warranty, nothing worth paying for.)
If I could buy a Toyota van this age and mileage for $11K, I'd be thrilled, but it seems impossible. Dealers all have these marked into the mid-teens. Even a 2004 is about $14-15K. Even private sellers won't go this low.
How can I trust TMV if it is not represented in reality? Who is getting these fabulous deals? NOT ME!
Also: any advice on how to deal with dealers who mark up vehicles sneakily with HUGE document fees. I remember just a few years ago the doc fee was like $60. Then it was $100. Today it is standard to charge $250. I am paying cash, so this is insane -- no credit check, no actual DOCUMENTS. Yet I must pay! If I suggest rolling this into the offer, they go ballistic on me.
I have read here some dealers only charge $75 but I can tell you that is unheard of in NE Ohio!
#157 of 177 Re: TMV pricing on used Sienna? [grrldriver]
Sep 21, 2011 (7:03 pm)
go to the "smart shopper" board-"what is my trade in worth topic and ask this question.There is a dealer there who is very forthcoming on what used cars are going for.Good Luck!
#158 of 177 Re: TMV pricing on used Sienna? [grrldriver]
Sep 22, 2011 (5:35 pm)
You'll find used Toyota's are way overpriced. If you want a much lower price either buy a Chrysler (Caravan or Grand Caravan) or GM (Uplander or Montana). I just bought a 2007 Uplander LT (SWB) with 55k miles for about $11k (taxes incl.). The dealership had a 2004 with 133k miles for about the same price and a 2005 with 88k miles for about $15k. I know Toyota is better quality but these price differentials are ridiculous. The Edmunds TMV for the Uplander was about right. Good luck.
Sep 22, 2011 (6:21 pm)
I finally did buy a 2006 Mazda MPV minivan with 50K -- just a newer version of my old 2001. Not too exciting, but a good solid vehicle. It wasn't as cheap as your Uplander, though.
I had very few choices, and finally decided this was my best option out of the limited ones available. There are very few affordable minivan choices left, and some vehicles like the MPV just aren't in that big supply, or all the ones you see are very high mileage (over 120K).
I think Toyota Siennas are a good van, BUT anyone paying $11K for ANY car with 133k miles, especially in a winter climate, has been deluded into "magical thinking" about the most popular Japanese manufacturers! That's just too much money, and out of whack depreciation on those vehicles.
I definitely found this summer that prices are way up and the supply is way down -- at least of minivans. Many factors, including:
• Cash For Clunkers removed a lot of good vans from the market, unnecessarily (they are/were no more high mileage than an ordinary sedan!)
• The Japanese tsunami delayed a lot of new vehicles, pushing some new car buyers into used
• Overall, MUCH higher pricing on new vehicles of all types has pushed many cash-strapped Americans into used vehicles
• Dealers taking advantage of all this, and jacking up prices
• The fact that since 2006, many of the more moderately priced vans (MPV, Venture, Freestar, Montana, etc.) were discontinued, meaning many fewer choices
It was definitely discouraging. Kia dealers told me that this is the last year for the Sedona, the last of the moderately priced vans. (Chryslers really are not cheap; not anymore!) SO in the future, the choices will be even worse.
I agree that one must often make a tradeoff between ideal quality and price -- some point, price gouging makes even good quality vans like the Sienna simply unaffordable -- at least for me!
#160 of 177 Re: I agree, jpf [grrldriver]
Sep 23, 2011 (7:35 am)
I totally agree about used Siennas being way too pricey, but the silver lining is if you do buy one, the residual values are strong.
I bet I could sell my van for $7000 less than I paid for it, new, 4.5 years ago. They hardly depreciate at all. That's about $130 per month.
Used Kias - my issue with that is the 10.100 goes away, you only get what's left of the 5/60 warranty. Hence low resale.