View Poll Results: Who's value will drop LESS over the next 2 yrs?
4Runner
16
84.21%
Sorento
2
10.53%
should be pretty equal
1
5.26%
Voters: 19. You may not vote on this poll
Which would have less depreciation? 06 4Runner vs 07 Sorento
#1
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Which would have less depreciation? 06 4Runner vs 07 Sorento
2006 4Runner 4x4 Sport V6
vs
2007 Sorento 4x4 3.8L V6
I realize the expectation will be the Runner, but here's a couple of points to consider:
1 - the Toyota's starting price is higher, so there may be more room to slide over time
2 - the Kia may have already suffered greater depreciation in the 1st two years, so there may be less left to lose?
Both have new models due to arrive in the next year or so, and depending on which direction each takes, this could help maintain values slightly or throw 'em down the well
Thoughts?
vs
2007 Sorento 4x4 3.8L V6
I realize the expectation will be the Runner, but here's a couple of points to consider:
1 - the Toyota's starting price is higher, so there may be more room to slide over time
2 - the Kia may have already suffered greater depreciation in the 1st two years, so there may be less left to lose?
Both have new models due to arrive in the next year or so, and depending on which direction each takes, this could help maintain values slightly or throw 'em down the well
Thoughts?
#3
Lexus Fanatic
Sometimes depreciation, though, can be a good thing, espcially in states, such as mine, that charge the so-called "car tax", or personal-property tax, each year based on the car's assessed value on Jan. 1 of that year. The lower the car's assessed value, the less P.P. tax you pay (most assessments for tax purposes go by KBB).
Same with home and property values. The less they are assessed each year, the less real estate tax you pay....something overlooked by so many people and their obsession/fear of dropping home values. They are actually saving money out of their pocket.
Same with home and property values. The less they are assessed each year, the less real estate tax you pay....something overlooked by so many people and their obsession/fear of dropping home values. They are actually saving money out of their pocket.
Last edited by mmarshall; 03-05-09 at 07:35 PM.
#4
It doesn't matter if this is a lexus forum, depreciation is a percentage usually based on a car maker. Kia does (or at least did) have a very high depreciation value and toyota has one of the lowest in the entire industry. The 4Runner will lose a smaller percentage of it's total value than a Kia Sorento.
And while a "car tax" based on value is a pain; you will be thanking yourself for buying the 4runner when you go to sell or trade it in.
And while a "car tax" based on value is a pain; you will be thanking yourself for buying the 4runner when you go to sell or trade it in.
#6
Lexus Champion
The big question is what do you want the vehicle for in the first place?
If you actually want to off-road your vehicle the 4runner is the way to go regardless of the depreciation. If you're just looking for an urban SUV then the Sorrento might work.
If you actually want to off-road your vehicle the 4runner is the way to go regardless of the depreciation. If you're just looking for an urban SUV then the Sorrento might work.
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#8
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thanks for the replies. I'm still leaning towards the 4Runner because I LOVE the power rear window (why isn't his more common in SUVs?) and I trust it's durability, but I like the smaller size/cleaner shape of the Sorento and its AC controls/gauges a lot better. The Sorento is actually pretty capable offroad, with its low range and LSD. Either way, I'd definitely be using the SUV off road as much as possible, otherwise I'd keep my Previa
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