The new(er) Toyota Land Cruiser vs what? Lot of options in that price range, including used. And the 179 Tax break makes it interesting. (1 Viewer)

[Harry Frogfish]

So this 179 Tax Break of up to 25K makes this interesting, if you qualify.

I mean, you're getting a (safe) car that will last you the rest of your life (FBG demographics), and for half-price. Unless you don't qualify. Caregiver -- which meets the previous demographic for many, ABNB/VRBO and the like, also qualify.

Toyota actually stopped making the LCs a few years ago ('21). But now have come back with them, starting in '24, at a much lower entry point, and more of a basic style. Less frills. Thus, the much more affordable basic model, coined the "1958". And it goes without saying, these things are legit built to last. It's been proven for decades and on pretty-much every continent.

Unless you need a third seat for kids or other means, I think this thing is a buy.

Want to talk about maintenance? No need. And resale value? There's good reason they absolutely dominate that market.

So, tell me why I shouldn't consider one? I know you guys are smart as F, so I'd love to know why I shouldn't pull the trigger. I would just be doing the Base Model (1958), btw.

 

[Harry Frogfish]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

 

[Captain Cranks]

I'd hesitate to assume this cheaper model is "legit built to last" like its ancestors.

 

[MTskibum]

This is the land Rover prada that much of the world has had for years, except the engine is no longer the bullet proof 4.6L, IE the same as the lexus 460.

I am waiting to see how good their turbo engines really are, i want to believe that Toyota can make a bullet proof engine, but I am not quite there yet.

The other downside is how bad the infotainment system is on the new Toyota's. We are buying a new SUV this year and completely removed the Highlander from the list because much of the controls are no longer buttons, but one giant screen in the middle. Other car manufacturer's like Kia and Mazda still have all the HVAC/radio controls as real buttons.

 

[Major]

I'm slowly falling in love with these Grenadiers and have been seeing them on the road more often. Great take on the classic Defenders: https://ineosgrenadier.com/en/us/grenadier-1924

 

[Harry Frogfish]

This is the land Rover prada that much of the world has had for years, except the engine is no longer the bullet proof 4.6L, IE the same as the lexus 460.

I am waiting to see how good their turbo engines really are, i want to believe that Toyota can make a bullet proof engine, but I am not quite there yet.

The other downside is how bad the infotainment system is on the new Toyota's. We are buying a new SUV this year and completely removed the Highlander from the list because much of the controls are no longer buttons, but one giant screen in the middle. Other car manufacturer's like Kia and Mazda still have all the HVAC/radio controls as real buttons..

See, I actually like the minimal tech and simple, old-school push button controls and such. Even the seat adjustments. One of the reasons I'm not interested in a higher-end edition was exactly that.

 

[Harry Frogfish]

I'm slowly falling in love with these Grenadiers and have been seeing them on the road more often. Great take on the classic Defenders: https://ineosgrenadier.com/en/us/grenadier-1924

I have yet to dive into those but they are great-looking, fit the bill, and I'd roll with one in a heartbeat, if it made sense. I just trust Toyotas so much, it would be hard to make that leap.

 

[Harry Frogfish]

I'd hesitate to assume this cheaper model is "legit built to last" like its ancestors.

Why?

 

[DA RAIDERS]

We did not like the interior. It was very cramped for a “big suv”. Irrelevant to the OP, we also didn’t like the infotainment center

 

[Ridgeback]

So this 179 Tax Break of up to 25K makes this interesting, if you qualify.

I mean, you're getting a (safe) car that will last you the rest of your life (FBG demographics), and for half-price. Unless you don't qualify. Caregiver -- which meets the previous demographic for many, ABNB/VRBO and the like, also qualify.

Toyota actually stopped making the LCs a few years ago ('21). But now have come back with them, starting in '24, at a much lower entry point, and more of a basic style. Less frills. Thus, the much more affordable basic model, coined the "1958". And it goes without saying, these things are legit built to last. It's been proven for decades and on pretty-much every continent.

Unless you need a third seat for kids or other means, I think this thing is a buy.

Want to talk about maintenance? No need. And resale value? There's good reason they absolutely dominate that market.

So, tell me why I shouldn't consider one? I know you guys are smart as F, so I'd love to know why I shouldn't pull the trigger. I would just be doing the Base Model (1958), btw.

Essentially saving $6250 if you're in a 25% tax bracket. Not bad at all, I'd you're truly in need of the vehicle.

 

[Thorn]

I'm not a CPA, so take this with a grain of salt, but:

1. Are you certain you qualify? Section 179 is supposed to be for business expenses, so you'd need to use the vehicle for business purposes more than 50% of the time. And if you're thinking you'll just say you use it for business purposes, note that the deduction is limited to actual business income - in other words, if you don't have $25,000 of business income, you don't get the full deduction.
2. Section 179 is an "above the line" deduction, meaning you get to reduce your taxable income by $25,000, not that you pay $25,000 less in tax. Big difference. I don't think you'll be getting the vehicle for "half price."

 

[Harry Frogfish]

So this 179 Tax Break of up to 25K makes this interesting, if you qualify.

I mean, you're getting a (safe) car that will last you the rest of your life (FBG demographics), and for half-price. Unless you don't qualify. Caregiver -- which meets the previous demographic for many, ABNB/VRBO and the like, also qualify.

Toyota actually stopped making the LCs a few years ago ('21). But now have come back with them, starting in '24, at a much lower entry point, and more of a basic style. Less frills. Thus, the much more affordable basic model, coined the "1958". And it goes without saying, these things are legit built to last. It's been proven for decades and on pretty-much every continent.

Unless you need a third seat for kids or other means, I think this thing is a buy.

Want to talk about maintenance? No need. And resale value? There's good reason they absolutely dominate that market.

So, tell me why I shouldn't consider one? I know you guys are smart as F, so I'd love to know why I shouldn't pull the trigger. I would just be doing the Base Model (1958), btw.

Essentially saving $6250 if you're in a 25% tax bracket. Not bad at all, I'd you're truly in need of the vehicle.

I actually appreciate the advice, which is why I threw it up here. I have a BMW, which I love, but I'm at 125K miles now, and just got quoted 5K to fix the twin turbo. Time to bail. I looked up values on the car and they were horrible. Even the BMW manager said don't trade it in, sell it privately.

Since I'm ready for a bigger, safer vehicle which I can throw crap in the back, the LC seemed like a decent fit. I had one before and it was a beast that thing. Also had a Tundra, that lasted for 15 years and the re-sale was ridiulous.

Lexus ES300, prior, and it also held up like no other vehicles I've ever owned. So yeah, Toyota is where I'm pointing.

Anyway, I have no clue about taxes and a crap accountant, so I thought I'd just throw this in here first, before deciding.

Thanks for the snide remark, that was big of you.

 

[Harry Frogfish]

I'm not a CPA, so take this with a grain of salt, but:

1. Are you certain you qualify? Section 179 is supposed to be for business expenses, so you'd need to use the vehicle for business purposes more than 50% of the time. And if you're thinking you'll just say you use it for business purposes, note that the deduction is limited to actual business income - in other words, if you don't have $25,000 of business income, you don't get the full deduction.
2. Section 179 is an "above the line" deduction, meaning you get to reduce your taxable income by $25,000, not that you pay $25,000 less in tax. Big difference. I don't think you'll be getting the vehicle for "half price."

Excellent advise and just what I was looking for, thank you.

The income for the ABNB/VR is well over that, btw. The problem is I have a property manager, so not sure how that works into this, as well as the caregiving.

 

[the moops]

Our tax system is so dumb

 

[dkp993]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

This. The GX for sure. I’m not sold yet on the hybrid 4, plus it sounds like garbage. All things being equal (which they pretty much are between these two) I’ll take the proven twin turbo V6 all day.

 

[dkp993]

Lexus ES300, prior, and it also held up like no other vehicles I've ever owned.

Agreed. Had a es300, es350 and still have a GS450h. Both the es’s were sold with well over 200k on them and they still drove like new. My 450h just cracked 100k and you’d be hard pressed to not think it was new. Rock solid.

 

[Ridgeback]

So this 179 Tax Break of up to 25K makes this interesting, if you qualify.

I mean, you're getting a (safe) car that will last you the rest of your life (FBG demographics), and for half-price. Unless you don't qualify. Caregiver -- which meets the previous demographic for many, ABNB/VRBO and the like, also qualify.

Toyota actually stopped making the LCs a few years ago ('21). But now have come back with them, starting in '24, at a much lower entry point, and more of a basic style. Less frills. Thus, the much more affordable basic model, coined the "1958". And it goes without saying, these things are legit built to last. It's been proven for decades and on pretty-much every continent.

Unless you need a third seat for kids or other means, I think this thing is a buy.

Want to talk about maintenance? No need. And resale value? There's good reason they absolutely dominate that market.

So, tell me why I shouldn't consider one? I know you guys are smart as F, so I'd love to know why I shouldn't pull the trigger. I would just be doing the Base Model (1958), btw.

Essentially saving $6250 if you're in a 25% tax bracket. Not bad at all, I'd you're truly in need of the vehicle.

I actually appreciate the advice, which is why I threw it up here. I have a BMW, which I love, but I'm at 125K miles now, and just got quoted 5K to fix the twin turbo. Time to bail. I looked up values on the car and they were horrible. Even the BMW manager said don't trade it in, sell it privately.

Since I'm ready for a bigger, safer vehicle which I can throw crap in the back, the LC seemed like a decent fit. I had one before and it was a beast that thing. Also had a Tundra, that lasted for 15 years and the re-sale was ridiulous.

Lexus ES300, prior, and it also held up like no other vehicles I've ever owned. So yeah, Toyota is where I'm pointing.

Anyway, I have no clue about taxes and a crap accountant, so I thought I'd just throw this in here first, before deciding.

Thanks for the snide remark, that was big of you.

Snide remark? Dude, I was just saying facts. Big difference between credit and deduction.

 

[Harry Frogfish]

So this 179 Tax Break of up to 25K makes this interesting, if you qualify.

I mean, you're getting a (safe) car that will last you the rest of your life (FBG demographics), and for half-price. Unless you don't qualify. Caregiver -- which meets the previous demographic for many, ABNB/VRBO and the like, also qualify.

Toyota actually stopped making the LCs a few years ago ('21). But now have come back with them, starting in '24, at a much lower entry point, and more of a basic style. Less frills. Thus, the much more affordable basic model, coined the "1958". And it goes without saying, these things are legit built to last. It's been proven for decades and on pretty-much every continent.

Unless you need a third seat for kids or other means, I think this thing is a buy.

Want to talk about maintenance? No need. And resale value? There's good reason they absolutely dominate that market.

So, tell me why I shouldn't consider one? I know you guys are smart as F, so I'd love to know why I shouldn't pull the trigger. I would just be doing the Base Model (1958), btw.

Essentially saving $6250 if you're in a 25% tax bracket. Not bad at all, I'd you're truly in need of the vehicle.

I actually appreciate the advice, which is why I threw it up here. I have a BMW, which I love, but I'm at 125K miles now, and just got quoted 5K to fix the twin turbo. Time to bail. I looked up values on the car and they were horrible. Even the BMW manager said don't trade it in, sell it privately.

Since I'm ready for a bigger, safer vehicle which I can throw crap in the back, the LC seemed like a decent fit. I had one before and it was a beast that thing. Also had a Tundra, that lasted for 15 years and the re-sale was ridiulous.

Lexus ES300, prior, and it also held up like no other vehicles I've ever owned. So yeah, Toyota is where I'm pointing.

Anyway, I have no clue about taxes and a crap accountant, so I thought I'd just throw this in here first, before deciding.

Thanks for the snide remark, that was big of you.

Snide remark? Dude, I was just saying facts. Big difference between credit and deduction.

Okay, I'm sorry. Maybe I read it wrong.

I'm just looking for answers to help make the right decision.

 

[Joe Bryant]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

This. The GX for sure. I’m not sold yet on the hybrid 4, plus it sounds like garbage. All things being equal (which they pretty much are between these two) I’ll take the proven twin turbo V6 all day.

Thanks. What are you not sold on with the hybrid? Is it the same technology as the Prius? That's solid, right?

 

[dkp993]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

This. The GX for sure. I’m not sold yet on the hybrid 4, plus it sounds like garbage. All things being equal (which they pretty much are between these two) I’ll take the proven twin turbo V6 all day.

Thanks. What are you not sold on with the hybrid? Is it the same technology as the Prius? That's solid, right?

It is. With it being a Toyota I’m not speaking to the reliability. We currently own 2 Toyota hybrids (wife’s Highlander and my Lexus GS 450h) so I trust that. But in that car a hybrid 4 cylinder isn’t befitting the brand. Bottom line, spending premium money I want a premium engine. But I’m a car guy so that matters more to me than others I suppose.

 

[Corporation]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

I really like the GX550.

 

[bigbottom]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

This. The GX for sure. I’m not sold yet on the hybrid 4, plus it sounds like garbage. All things being equal (which they pretty much are between these two) I’ll take the proven twin turbo V6 all day.

Thanks. What are you not sold on with the hybrid? Is it the same technology as the Prius? That's solid, right?

It is. With it being a Toyota I’m not speaking to the reliability. We currently own 2 Toyota hybrids (wife’s Highlander and my Lexus GS 450h) so I trust that. But in that car a hybrid 4 cylinder isn’t befitting the brand. Bottom line, spending premium money I want a premium engine. But I’m a car guy so that matters more to me than others I suppose.

We have a 2025 Land Cruiser and haven’t had any problems with power or acceleration. And my wife has a pretty heavy foot. YMMV.

Edit: We haven’t towed anything yet, however.

 

[Harry Frogfish]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

This. The GX for sure. I’m not sold yet on the hybrid 4, plus it sounds like garbage. All things being equal (which they pretty much are between these two) I’ll take the proven twin turbo V6 all day.

Thanks. What are you not sold on with the hybrid? Is it the same technology as the Prius? That's solid, right?

It is. With it being a Toyota I’m not speaking to the reliability. We currently own 2 Toyota hybrids (wife’s Highlander and my Lexus GS 450h) so I trust that. But in that car a hybrid 4 cylinder isn’t befitting the brand. Bottom line, spending premium money I want a premium engine. But I’m a car guy so that matters more to me than others I suppose.

We have a 2025 Land Cruiser and haven’t had any problems with power or acceleration. And my wife has a pretty heavy foot. YMMV.

Edit: We haven’t towed anything yet, however.

Your wife having a lead foot is hilarious, I love it.

I won't be towing a thing, btw, so now I'm torn again. I did 100 in the LC test drive and overall, punching it now and then, it would be fine for me. I know the LC will last forever, and likely the Lexus as well (duh) but I have some trepidation about buying any used car (which would be the Lexus). Would like to keep it under/around 60K, which is why they compare.

Have not driven the Lexus, btw, but did have one and loved it. Also had a LC and loved that thing, although the "luxury" difference you could tell.....and I have a bad back these days so that's kind of a factor I guess.

 

[Joe Bryant]

Leaning more towards a used Lexus GX55O . New 4-Runner is the call but you don't get that massive tax break is right on the fringe.

This. The GX for sure. I’m not sold yet on the hybrid 4, plus it sounds like garbage. All things being equal (which they pretty much are between these two) I’ll take the proven twin turbo V6 all day.

Thanks. What are you not sold on with the hybrid? Is it the same technology as the Prius? That's solid, right?

It is. With it being a Toyota I’m not speaking to the reliability. We currently own 2 Toyota hybrids (wife’s Highlander and my Lexus GS 450h) so I trust that. But in that car a hybrid 4 cylinder isn’t befitting the brand. Bottom line, spending premium money I want a premium engine. But I’m a car guy so that matters more to me than others I suppose.

I had no idea they did the hybrid Prius type engines in vehicles that big.