how hard will it be to sell an affected Gen 6 Camry in a year or 2? lower resale $ ? - Toyota Nation Forum : Toyota Car and Truck Forums


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5th & 6th Generation (2002-2006 & 2007-2011) Toyota Camry Discussion for years: 2002-2006 & 2007-2011 Topics of discussion range from fuel economy, safety, modifications, performance all involving America's favorite family car, the Toyota Camry.

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Old 03-14-2010, 04:24 PM   #1 (permalink)
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how hard will it be to sell an affected Gen 6 Camry in a year or 2? lower resale $ ?

I'm wonder about the resale value of my Gen 6 Toyota that's only a couple
of years old. It was part of the gas pedal recall and the dealer had already
fixed the problem. (come to think of it, last year the dealer also
fixed/updated the transmission software during that recall)

If I want to sell the car in a year or two, how hard do you think it's going to
be? Even my local Toytota dealer's own used car dept is not taking any
Camrys as trades right now, according to the used car manager that I was
chatting with last week.(3/12) The prices of completed sales on Ebay don't
look as nice as, say, back in November.

I do not doubt Toyota's ability and willingness to fix the current problems.
On the other hand, potential buyers of used Toyotas will not be so forgiving.
It's not like Toyota is ths only reliable car manufacturer selling cars in the US.
(a used Honda is almost just as reliable and without the bad publicity right
now)

Many years ago, I had an Audi. Yes, one of those that nobody wanted. I took
a big loss when I tried to sell it after a couple of years. Sure, Audi has
cleaned up its act after all these years, but it took them a LONG time to
recover.

99% of the members here are obviously Toyota supporters. (myself included)
But non-Toyota owners are cruel right now. My boss used to make me drive
her to business meetings. Not anymore. Now she gets my co-worker to
drive us to the business meetings. (the coworker has a Hyundai Santa Fe,
and it scares me that some people now think Hyundai may be safer to be
riding around, as opposed to a 2-year-old Toyota Camry)


Toyota may very well be the best car manufacturer, but they suck when it comes
to public relations.

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Old 03-14-2010, 04:32 PM   #2 (permalink)
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Yes, the values are going to take a huge hit. Don't bother trying to sell your car anytime soon at this point.
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Old 03-14-2010, 04:34 PM   #3 (permalink)
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To tell the truth, I don't even think about it. But, that's because I typically drive a car for at least ten years before thinking about selling or trading. I just got a '10 Camry (in July just before all the sh________tuff hit the fan) for my wife. I traded a '99 Ford for it. My other car right now is a '99 Sable and it will probably be around for at least another five years. In ten to fifteen years it won't matter what the value is.

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Old 03-14-2010, 04:47 PM   #4 (permalink)
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things should eventually tide over. It's just because we are right at the peak of all the problems and hype that the resale is taking a big hit and nobody wants to buy one. As long as toyota manages to get its act together, people will eventually forget and move on. I don't know if it will happen as soon as 1 or 2 years though. That said, my next car will definitely not be a toyota. But this is because I want a driver's car, not because I don't think they're capable of getting back on track.

On another note, your dealer isn't taking any toyota's as trade ins??? ouch.

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Old 03-14-2010, 04:48 PM   #5 (permalink)
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It will take a plunge.. but i'm just curious coz my dealer want's me to buy a new car and trade my 07 in... it's an LE with 32k mi. and he can give me 12,500 for it.. i'm keeping this one till it breaks down on me...
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Old 03-14-2010, 05:02 PM   #6 (permalink)
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It will take a plunge.. but i'm just curious coz my dealer want's me to buy a new car and trade my 07 in... it's an LE with 32k mi. and he can give me 12,500 for it.. i'm keeping this one till it breaks down on me...
07 ... not bad. Did you get it 2006? A 4 year old car depreciating less than 50% with the current news is pretty good.
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Old 03-14-2010, 05:29 PM   #7 (permalink)
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trade it in now with other dealer incentives, i know places by me giving a few extra grand for a toyota and also for it being a camry
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Old 03-14-2010, 06:04 PM   #8 (permalink)
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trade it in now with other dealer incentives, i know places by me giving a few extra grand for a toyota and also for it being a camry

which places are these lol... at this point if i could i would trade my car in on a base v6 altima se lol
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Old 03-14-2010, 06:19 PM   #9 (permalink)
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which places are these lol... at this point if i could i would trade my car in on a base v6 altima se lol
not sure where your located but on long island alot of dealers are doing it. nissan especially, I enquired just to be curious and on top of those incentives they gave me a 250 off credit voucher
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Old 03-14-2010, 06:49 PM   #10 (permalink)
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not sure where your located but on long island alot of dealers are doing it. nissan especially, I enquired just to be curious and on top of those incentives they gave me a 250 off credit voucher
i know nissan is doing the 1k thing but more would be great haha. i realy wish i could just swap my loaded V6 SE with a Base altima se V6 but i doubt im that lucky

btw i live in providence so its like a 2.5 hour drive down there
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Old 03-14-2010, 07:31 PM   #11 (permalink)
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trade it in now with other dealer incentives, i know places by me giving a few extra grand for a toyota and also for it being a camry

Yeah, I just got a letter from a Chevy dealer saying they will give me $4500 cash off a new vehicle with them for trading in my Camry.....


I don't think so. I'm keeping this til' the damn thing almost turns into dust.
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Old 03-14-2010, 08:49 PM   #12 (permalink)
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07 ... not bad. Did you get it 2006? A 4 year old car depreciating less than 50% with the current news is pretty good.
i got it middle of october of 07... only had 8k miles on it.. got it for 15.5k.. So used it for almost 30 months now so basically i only payed 133 dollars a month if i sell it for 12.5k to the dealer.... so still not bad of a loss hehe... If only the dealer will sell me his MKIV.. one of the rarest ones too..
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Old 03-14-2010, 09:12 PM   #13 (permalink)
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I've owned 5 Toyotas. The only one that I got rid of with less than 200,000 miles was a 93 Corolla which my daughter totalled at 73,000 miles. Most folks buy a Toyota new and drive it a long time. Resale is then measured by the price of scrap metal.
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Old 03-14-2010, 09:29 PM   #14 (permalink)
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I've owned 5 Toyotas. The only one that I got rid of with less than 200,000 miles was a 93 Corolla which my daughter totalled at 73,000 miles. Most folks buy a Toyota new and drive it a long time. Resale is then measured by the price of scrap metal.
so I may be better off waiting until the next Cash for Clunkers program
enacted by the president who is elected in 2018? (perhaps the auto
industry will be in even worse shape than today and the gov't will offer
$10,000 for your clunker? )
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Old 03-15-2010, 03:30 PM   #15 (permalink)
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so I may be better off waiting until the next Cash for Clunkers program
enacted by the president who is elected in 2018? (perhaps the auto
industry will be in even worse shape than today and the gov't will offer
$10,000 for your clunker? )
It still won't qualify.....we get too much MPG. The previous cash for clunkers program was only for vehicles that got 18mpg or less.
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