Hi, I have a choice to buy:
1. Toyota Prado(landcruiser), 2007, GX, 4x4, 6 cylinder, 4L, 56000km, cost - approx 82000, SAR
This is being sold by an expat, car is srcatchless, very very good condition. FULL service history from Toyota.
vs
New Toyota Fortuner, 4x2, 4 cyliner, 0km (new) - cost 92,000SAR
I am confused for several reasons:
1. Considering resale after 3-5 years i will loose a lot on old Prado vs new Fortuner
2. Although Prado is safer, is 4x4, and is a better drive than Fortuner but more costly to run (4L vs 2.7L engine)
3. With only a difference of approx. SAR.10,000 I can have a new car (Fortuner), is also causing reluctance to go for Prado.
Any suggestions will be appreciated.
Thanks
Buying old vs new SUV
Pathoguy
22 March 2014 12:58:40
4
TheLegendLeads
22 March 2014 15:02:50
5763
The only drawback in Fortuner is 4x2. Do you really need the 4x4. Will be you be really off-roading lot many times? That's the only place you'd need it. I personally don't trust cars older than 5 yrs. Go for Fortuner dude.
By the way, Prado 2007 is overpriced at 82K.
Pathoguy
22 March 2014 19:40:12
4
Thanks again for your advice. I agree with you. I dont want 4x4 and I dont need big engine 4L. By the way the owner of Prado might go down between 75-80K.
Trapezius
23 March 2014 02:36:09
1309
You are wrong about 1. You will almost always lose more on a new car. Do a google image search for car depreciation curve. Any car loses the bulk of its value within the first 3 or so years. I don't know what the fair market price for the Prado is, but after 3 years you can expect to lose about 20k on it. As for the Fortuner, it might go down by as much as 30k in 3 years. Furthermore, there is a bigger demand for the Prado than for the Fortuner in this country.
Rest is up to you.
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