Looks like another add states
VIN JT3HN86R110340398 ~ In AZ Still crack pipe price.
Lots of 100k's around 11k some less

2001 Toyota 4Runner SR5 V6 4WD Automatic For Sale in Portland, OR | TrueCar

might be apples to oranges but I bought my 1998 4runner from around Irvine, CA back in 2013. Had 86,000 miles on it - clean, white, all services done including timing belt, new tires - was a 2wd model though.

I paid $3000

So - $22,500 is way over the top - even if that's true mileage. Buy a used one for $5,000 and have $17,500 left for mods.

Just look at what low miles will do on the right car in the classic car market.

I'm not disagreeing, I just don't understand it. Cars / trucks are meant to be driven and if they aren't rusted apart can easily be fixed back to essentially brand new condition.

Someone bought a low mileage 93 Supra for well over 100k. I just don't get it, and if I bought a low mileage one I'd flip it, buy a different one and pocket the difference.

I'm on the side of getting it. While I wouldn't pay a ridiculous premium and would buy a vehicle that has higher miles that I felt was taken better care of than one with lower miles, I do understand why people put a premium on it. Low miles means more than just low miles on the engine/driveline. Means that all of the little things also have low use on them. Knobs, seats, switches, etc etc.

Problem is that people put too much of an emphasis on low miles. Which is why you have people who exploit that by up-selling ones that fit the bill.

Never really understood what this does. I had a 97 that had the RR LOCK button, now my 99 has the multimode lock switch. If I plan on keeping the 4WD on always, I would turn the multimode lock switch on AND put it in 4H? Is rolling in 4H without multimode lock enabled on long drives bad for the vehicle?

(Apologies if I hijack this thread)

Running in 4H (unlocked) with the center diff lock unlocked is fine, though inefficient if it's not really needed. Leaving the center diff open makes the truck act more like an all wheel drive car. It's helpful for situations like patchy snow/ice where running traditional locked 4H is risky. Using the center diff lock (the equivalent of your old truck's locked 4H) on pavement and making turns is bad.

You can read more about the differences here: T-case Differences (all years of 3rd gens).. transfer case, AWD, multi-mode

I bought my 1997 truck in 2001 for $18,500 dollars.

* 4WD
* Limited
* Locker

It was in near mint shape. It had 65K miles on the odometer.

In the years since then I've easily spent way over $5,000 on parts and maintenance alone (not off-road parts) to keep it tip top and that doesn't include the new used engine.
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I totally agree with you that 4Runners, especially 3rd gens are worth more than book value. I buy these any time I can and sell the ones with good or repairable frames for top price. I just paid $3500 for a clean, good frame 01 SR5 w/ 175k and my plow guy has already offered me $4500 cash plus the plow bill of about $1300 as is. KBB high end is $5900, if I had it detailed, fixed a couple of minor things, fluid filmed it, put my old 2.5" lift in it and some cool tires I would ask over $7k. I just think in the end more than double KBB for a bone stock, base model 18 year old 4Runner is a little crazy even if it had 75 miles on it and been in climate controlled storage since new.

Those cars are appreciating in value, our are still depreciating. Perhaps they will become collectible and start becoming more valuable as they get older and there are less of them. In 1967 Chevrolet made around 1 million Impalas and other full size models, they made around 110,000 Chevy II's and out of that about 10,000 Nova Super Sports, they only made 22,000 Corvettes. Only a small percentage of all those cars survive. On the other hand there were 750,000 4Runners sold in the US alone from 96-02 and there are a ton left. They are desirable and just keep going and holding their value, quite amazing. I know I love mine.

this
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There were a lot sold but they are going to start dying en masse now due to LBJ failure, pink milkshake, blown head gaskets and rotten frames. Those are their achilles heels. I think nice examples will soon be starting to be sought after for collector status. California can only supply clean runners for so long.

Edit: up here California cant supply them due to import hassles so they are rusting out in all areas. Nice clean ones seem to go for more than in the us.

Post some interior pics of your truck then. If you have 260k miles on that ruck, your interior might be clean, but it won’t be pristine like the one on the ad. Unless of course you have replaced a lot of stuff. The creases in the seat bolsters, scratches on the door cards, etc...those are all unavoidable wear and tear items. Another good proof is that truck’s undercarriage. Unless you have taken everything apart, bead blasted all the parts, cleaned, and repainted, you won’t be able to get it in that condition. By the time these trucks hit 100k, you can’t make it look new without a lot of meticulous repairs/replacements, and doctoring up the photos. It just can’t be done.

But is the asking price crazy? To most of us, sure. But if you have someone that comes along and is willing to pay it, then it’s worth it to them. I paid $6500 for my ‘01 SR5 six months ago. Some may say I overpaid, but I felt the price was right for what I got. Cosmetically it’s not perfect, and the interior is for the most part pretty good, but not perfect by my standards, so it’ll be a work in progress for a bit. But mechanically it is tip top, with paperwork to show all the work. KBB and True Car are no longer the authority on setting the prices on 3rd gens, because rationality is got one foot out of the door with these trucks.

Different people take care of their trucks in different ways. My '97 with 276k has a interior equal to the one in the pics. No scratches, scuffs, etc. I don't off road either, just a DD

Great to see the response on this! Getting back to the original question what would people pay for this?