lesson in economics

heehaw · Dec 12, 2002

i got a good lesson in economics yesterday: local car dealer has a 2000 tahoe with 70,000 miles on it, i can buy it for $18,000, but they want $15 and my 99 toyota corolla with 51,000 miles on it. i offered $13, and they stuck with 15..
guess i'll drive the corolla..if i traded, it would hurt everyone, the gas prices would go to 3bucks a gallon within a month.
according to the dealer, he can buy a new corolla for $8,000.
i was hoping to swap vehicles, then i could sell the truck i keep, just for moving my tractor a couple times a year and hauling hay. have one vehicle that would do what 2 are doing now, but not at that price.
heehaw

Stonewall · Dec 12, 2002

I think you have a pretty good set up now HH. You have a very reliable and economic people hauler in the Corola and a pick up for general hauling and heavy work. Right tools for the right jobs. My old pickup sits most of the time untill I need it and then it's great to have but I wouldn't want to drive it to work every day = $$ through the gas tank. AND I don't care how well you can back your trailer around, they're still a major P-I-T-A at the lumer yard.

JohnMiller3 · Dec 12, 2002

<font color=blue>...i offered $13, and they stuck with 15...</font color=blue>

$14k...w/trade... should be a magic number... /w3tcompact/icons/blush.gif

~~~avg. prices for '99 Corollas @ last weeks auction ran between $4300-6700... (NE US pricing)

heehaw · Dec 12, 2002

i agree, but the better half is sorta wanting something a little bigger than the corolla, especially since we got our 3rd GRANDchild last week. i think we could buy a new camary for what they want for the tahoe, and get a lot better gas mileage. hopefully we'll end up going that way.
heehaw

fishman · Dec 12, 2002

Surely you could get more than 3k for your Toyota on the open market! If you want the Tahoe, go for it, just list the Corolla in the local paper until it sells, then go down and buy what you want. No need to make the dealer rich by giving him money on the sale AND the trade.

heehaw · Dec 13, 2002

i agree, i am advertising the toyota now..does anyone drive a tahoe z71 and have a clue what kind of gas mileage we would be looking at??
heehaw

hazmat · Dec 13, 2002

Probably 1/2 what the corrolla gets.

You can look it up here <A target="_blank" HREF=http://www.fueleconomy.gov/>www.fueleconomy.gov</A>

Use your corrolla as a baseline, for example. if you get better then the EPA estimate for the corrola due to your driving habits, then chances are good you'll do better than the estimate on the tahoe & vice versa.

fishman · Dec 13, 2002

Well, the 2000 Tahoe still had the 5.7 l 350 I believe. With 4wd, I suspect you would be looking at about 14 all around and 17 on the highway. I have a 96 4wd Tahoe at work that generally gets worse mileage than that but it's usually towing.

If it has the new 5.3 l, which my 2000 z-71 extended cab has, you would be looking at about 15 all around and 18 on the highway.

Either are good motors, but I think I prefer the 5.3 because it has noticeably more oomph and is a little quieter.

An econobox the Tahoe is not./w3tcompact/icons/wink.gif