Should I sell my 2019 Highlander?

Ask the Hackrs
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1

I bought a new 2019 highlander XLE exactly 2 years ago end of Dec 2019 for $35500(include taxes)
and now carmax offered me for $38500.
I drove only 22,000 miles and had no issue with this car.
I have been looking at brand new 2022 highalnder XLE around $$44K (before tax).
should I sell my car and get a new car?whats your opinions?

2

Should you leverage $3k in equity to buy a 2 year newer Highlander that costs $10k more plus TTL?

What features does the 22 have that the 19 doesn’t?

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3

The fact that it’s a Toyota answers this question.

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So then just keep my 19 highlander?

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Newer design. Wireless Charging. Apple Carplay?

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yes of course

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Are you suggesting to keep my 19 highlander?

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Hey Dealer! What would you suggest me!
Please need your honest answer sir lol
So basically carmax offered me 3k over what i paid for and then i could buy 3 year newer one but i have to add 9K more to the check.

9

Fair enough, but is extending the warranty by 2 years, adding CarPlay and charging and a mild exterior refresh worth 6k (or whatever it costs after negotiating).

That’s the question OP needs to answer.

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10

Thank you for the opinion! What would you do then?

11

That’s his choice, correct

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I’d suggest keeping the equity from the old one and leasing the new one since you likely want a new car every couple years…

$3000 equity basically makes the new one around $500/mo all in on a 44k msrp. Tax tags fees included.

It’s not typical that you’ll have $3000 in equity on highlanders so I wouldn’t factor that into the next equation.

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13

Yes of course keep it

14

See if a Toyota dealer can match or beat. Or a Kia dealer on a Telluride EXP or above.

Then you’d owe very little tax on the new car and the upgrade cost would be minimal.

IDK about all the feature differences but i think LED headlights is a big one.

Plus new tires, brakes, etc and full 36m warranty which will expire soon on your current vehicle.

2021-22 models from reliable brands should hold their value well; all the people who follow those gurus and religiously buy 2-3yr old cars will have the least selection in 2024-25. Yes they can buy brand new for not much more but this epiphany never hit them even before COVID.

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