I have been playing a mental quandary around in my head... there are modifications that I am contemplating making to my 2022 GX460 (i.e., wheels, tires, lift, sliders)... but I must admit that I am concerned about diminishing the value of my GX by not keeping it stock. Perhaps other members can chime in on the following assumption:

Given the market cost incurred for time/materials to modify a GX, one should not expect to receive full value of these costs plus the market rate for a similar stock GX (same miles, options, condition) when it comes time to sell (cost of mods + market rate for a similar GX). Further, one should not expect to receive a premium return (cost of mods + market rate for a similar stock GX + premium). In other words:

Sales Price of Modified GX < Market cost of modifications + Market price for similar stock GX

Here is my dilemma, do you get any credit for a modified GX? Or might some buyers view a modified GX as worth less than a stock GX?

Sales Price of Modified GX < Market Price for Similar Stock GX

Ultimately, I it may depend on the buyer and type of transaction (private party sale vs trade-in to a dealership).

Although I do not plan to sell soon, I would like to plan my modifications with eyes wide open. And with the new GX and Landcruisers hitting the market soon, these might prove very tempting and I would want to make sure I have not diminished the value of my GX, and would want to maximize any return on my total investment. For example, I would not want a dealership to value my trade-in value as worth less than the trade-in value of a similar condition stock GX just because I lifted, changed wheels/tires, added slides, etc. Its one think to expect you will not get dollar for dollar back on the cost of modifications, its another to think that the vehicle is worth less than a stock one.

Hopefully this is not too confusing; I am interested in what others think of $ returns on modding and what your experience has been selling a modified GX.

 

unless you find the right buyer, any mods you do wont really add any value, and would probably diminish the value to most buyers. how much it diminishes the value will lye int he eyes of the beholder.. this said, if you do things that you can easily reverse i would not worry about it and just put it back to stock before selling it (if and when you do).

 

If you go < 1.25" lift ... and keep the tire diameter at 32-odd inches ... and do not go with a wheel offset that protrudes the tire tread beyond the edge of the fender flare ... you should be good ... and assuming you don't purchase a wheel design that is too "hard-core-off-road" for the mainstream GX audience.

If you are this close to selling ... maybe best to apply the funds to your next purchase.

 

In the jeep world, which is lots more mod friendly, the absolute best you can hope for is to get back half what the upgraded parts cost, and 0% of the labor. Modding doesn't necessarily lower the value of a rig, but it absolutely shrinks the pool of buyers, which can be effectively the same thing. Do what you like, but if I modify a rig I do it for my own reasons and I sell it for whatever I can when the time comes.

Mark

 

If you are worried about diminishing value, now is the best time to sell. All downhill from here.

Functional upgrades may add value to the right buyer.

 

The bigger issue is with mods you reduce the perspective buyer market considerably. Less people want modded vehicles so you'll have less buyers.

 

I consider all my mods to never increase value of the car. Instead, I look at the price of the mod as an investment towards future adventures and travel to places most others will never go.

 

I recently sold a modded GX460. While I didn't expect to get all money I put into the truck, I sold it above KBB value. As long as you have good, practical mods you should be able to resell. It might take a little longer to find that specific buyer that knows the value of your modded truck.

 

For what its worth. I just sold my 2021 Supra to a Lexus dealership and bought a gx460 in its place. My Supra had every single bolt on part you could think of and I mean everything (even straight pip exhaust, loud as hell), the only thing I did not do to it was change out internal engine parts. I made $1000 on my trade in vs what I owed on the cars original value (Plan on losing all the money you put into the mods). So you take it with a grain of salt and as long as your mods are tasteful the car will sell.

 

... market timing ... used cars have been inflated due to the economy ... plus the Supra is a totally different category (market buyer) than a GX460 ...

 

you would need to compare to other supras without mods. Maybe you would have made >$1,000 without the mods.

for recent year vehicles having mods can reduce value. As someone else put earlier it depends a lot on how radical or non OEM looking the mods are.
as you look at older vehicles, mods on a well taken care of vehicle are more likely to break even or increase value because the purchasers can imagine that the person takes care of the vehicle.
as for a toad fart sound car, not so much. opposite actually. who wants an old modded out civic? prolly going to assume its been beat.

 

Mod for you, not for investment because, most of the time, you will reduce interest from many potential future buyers by modding from stock. Best case, you should expect to not recoup the money you spent.

 

FWIW I wouldn't buy a modded car/truck under almost any circumstances. All the reliability, safety arguments for buying a Lexus go right out the window. I now have to deal with both untested alterations by unknown shop and I am buying from a person who mods cars - who is way more likely, IMO, to use it hard.

 

... my take ... mod if this your long-term vehicle ... otherwise only mod what can be easily reversed ... so keep those OEM wheels ... etc. (as an example) for this purpose.

Your question is way too open ... be specific on what you are thinking in terms of modfication ...

 

Why would anyone want to sell a GX...?