Should You Buy a 2023 Toyota Tacoma Now or Wait for the 2024 Model?

Antony Furey, a newer homeowner in search of a truck, finds himself caught in the classic conundrum of whether to buy now or wait for the next model year. In a recent post in the Toyota Tacoma TRD Trucks Facebook group, Furey seeks advice from fellow enthusiasts on the merits of purchasing a 2023 Tacoma TRD with a manual transmission and later trading it in for a 2024 model. As the used market remains strong, Furey contemplates the potential benefits and drawbacks of his proposed strategy. In this article, we delve into the thought-provoking question posed by Furey and explore the factors that should be considered when making such a decision.

"Newer home owner and need a truck. Local dealers are telling me that they probably won’t expect inventory of the 24’s until early next year. I have a GR Supra for my Toy, but want the truck to be somewhat engaging so looking into the manuals. That being said would it be worth getting a 23 and then trading it in when the 24 comes out? Used market is holding their value so shouldn’t take too much of a hit on trade if any and that's also why I am looking into a 23 since used market so high," Furey writes in the group.

Undoubtedly, the allure of owning a brand-new vehicle is strong. The prospect of being one of the first to experience the latest enhancements and upgrades can be enticing. Furey's desire for a truck that offers an engaging driving experience is clear, as evidenced by his ownership of a GR Supra. With local dealers predicting a delay in the availability of 2024 models until early next year, Furey is left wondering whether it's worth getting a 2023 Tacoma TRD with a manual transmission to satisfy his immediate needs.

One aspect that Furey rightly highlights is the current state of the used market. It's no secret that used vehicles have been in high demand, leading to elevated prices and strong resale values. Furey's hypothesis that trading in a 2023 model for a 2024 variant might result in a minimal hit on the trade-in value appears logical. However, it is important to note that predicting future market trends with absolute certainty is a challenging task.

While the allure of the 2024 Tacoma TRD is undeniable, it's essential to consider the potential advantages of purchasing a 2023 model now. The 2023 variant, albeit not the latest iteration, still boasts impressive features and capabilities that could meet Furey's requirements. Additionally, opting for a 2023 Tacoma TRD with a manual transmission allows Furey to enjoy the engaging driving experience he seeks. Every drive will be an opportunity to relish the art of shifting gears and the satisfaction of being in control.

Moreover, by purchasing the 2023 model now, Furey would be able to make the most of his truck sooner, without having to wait for the 2024 release. If he requires a truck for various tasks related to his new homeowner responsibilities, the advantages of immediate ownership may outweigh the appeal of the upcoming model year.

However, it's important to consider some potential downsides to Furey's proposed plan. Firstly, trading in a relatively new vehicle often incurs depreciation costs, which could offset the potential benefits gained from the strong used market. Additionally, there is always a level of uncertainty surrounding the timing of new model releases and the availability of the desired specifications. Furey's assumption that the 2024 Tacoma TRD with a manual transmission will be readily available early next year might not necessarily hold true.

Here are a few more things to consider:

• The 2024 Toyota Tacoma will have a few new features, including a standard panoramic sunroof, a new TRD Pro model, and a more powerful engine option.
• The used market for Toyota Tacomas is very strong right now, so you should be able to get a good trade-in value for a 2023 model if you decide to upgrade to the 2024 model next year.
• If you need a truck now, the 2023 Toyota Tacoma is still a great option. It's a reliable and capable truck that will get the job done.

Ultimately, the decision of whether to buy a 2023 Toyota Tacoma now or wait for the 2024 model is up to you. If you can wait, the 2024 model may be a better option for you. However, if you need a truck now, the 2023 Toyota Tacoma is still a great choice.

Here are some additional things to consider when making your Toyota truck buying decision:

1. What are your budget constraints?
2. What are your needs and wants in a truck?
3. How long are you willing to wait for the 2024 model?

Once you've considered all of these factors, you can make an informed decision about whether to buy a 2023 Toyota Tacoma now or wait for the 2024 model.

Furey's question raises a thought-provoking dilemma that many prospective buyers face: whether to purchase a current model or wait for the next iteration. While his plan to buy a 2023 Toyota Tacoma TRD with a manual transmission and later trade it in for a 2024 model has its merits, it also comes with potential drawbacks. The decision ultimately depends on Furey's specific needs and priorities.

For those seeking immediate truck ownership and desiring the engaging experience of a manual transmission, the 2023 model could be a worthy choice. On the other hand,

Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.