Value of the 4runner

Ok I was bored and decided to see how much my 4runner is worth not considering of getting rid of it I was just curious. I have had since it was new in 04 and have put 65,000 miles on it. And it is worth around 12,000 for a trade does anybody else think that is crazy or what it must be the stupid gas prices cause my wifes accord is worth as much as my 4runner and they are the same year and hers was 10,000 less in price this is maddness.

Just check out Edmunds market pricing. That's how I priced mine out when I was looking around for used 4Runners.

All cars depreciate. Especially mass-produced ones like the 4Runner. To think someone paid $44K out the door for my 4Runner makes me laugh.

It is not making me laugh thats for sure I paid over 30 k for mine new since it has the sunroof and 17 in rims it was alittle more then a base SR5. all car depreciate but toyotas are usually known for high resale but not latley it seems.

hamiltonj2w1 said:

It is not making me laugh thats for sure I paid over 30 k for mine new since it has the sunroof and 17 in rims it was alittle more then a base SR5. all car depreciate but toyotas are usually known for high resale but not latley it seems.

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depreciating cars are the last things we should be worried about right now. relatively speaking, the 4runners will hold out just fine. imagine all the suburban/tahoe/denali/hummer owners bud. corvette... all those american cars absolutely getting killed.

you should be more doting about your stock/fund/401k investments.. your home. those things that have the potential to grow in value.

Benjamin Choi said:

depreciating cars are the last things we should be worried about right now. relatively speaking, the 4runners will hold out just fine. imagine all the suburban/tahoe/denali/hummer owners bud. corvette... all those american cars absolutely getting killed.

you should be more doting about your stock/fund/401k investments.. your home. those things that have the potential to grow in value.

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I am in the military so my retirment is good and I don't have to worry about getting fired so I am not worried about that at all. It is kinda nice when vehicles depreciate when it isn't yours my friend just bought a loaded 02 tahoe lt 4x4 for 7900 with 100k miles that was a steal.

fwiw....I just bought an 04 Sport V8 4wd with 60k on it and clean for 13,600 from a dealer

phishtaco said:

fwiw....I just bought an 04 Sport V8 4wd with 60k on it and clean for 13,600 from a dealer

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now thats a steal my 04 sr5 with 50k was 17!!!


:bash:

Man - it is a terrible time to sell now! I am trying to sell an '06 SR5 V6 2WD model. Not sure where the price will end up. I owe a sustantial amount but because of some job changes for me and my wife, it makes more sense for me to sell the T4R and drive her '06 Honda Odyssey for a couple of years. Stop laughing at me guys! It is not by choice. It is a nice-enough car; just not what I choose to be driving...

sbbamafan said:

Man - it is a terrible time to sell now! I am trying to sell an '06 SR5 V6 2WD model. Not sure where the price will end up. I owe a sustantial amount but because of some job changes for me and my wife, it makes more sense for me to sell the T4R and drive her '06 Honda Odyssey for a couple of years. Stop laughing at me guys! It is not by choice. It is a nice-enough car; just not what I choose to be driving...

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best of luck to you and your family, bud. definitely not the easiest time to be, but given that half the world lives on less than $2 a day, we're all doing pretty all right.

they'll make plenty more.

This is an epidemic right now. I just got done trading my 07 RUNNER SR5 2wd and I had to fight tooth an nail to get $18K for it!!! Theyre telling it was worth $13k AND LESS!! I about flipped out on them. toyota is being real stiff with there 4runner buybacks. Chevy was gonna give me $20k for it on a Tahoe, toyota didnt even care. 3 Toyo dealerships said they cant beat it.
Best of luck to us all!!

I don't know why everyone is so worried about their resale value anyway. I keep my vehicles until they are mostly dead anyway. If all dead, well....

Our 1996 has 200k+ on it and we still use it regularly. I am in the process of replacing some stuff that has broken over the normal wear and tear right now. 400 bucks in parts and a little time. Replacing a window regulator & motor, some missing buttons that have fallen off, someone wanted new windshield washer nozzles. But heck it's worth it for a vehicle that still runs great and can continue to perform well off-road. It's tempting to even change out the engine if/when it ever dies. If it isn't worth anything anymore then why not invest a little in a reliable vehicle to keep it running. It's not like shelling out money into an older (not as reliable brand)_____insert whatever you want here. [no matter what I put I'm bound to tick someone off haha. Now if major mechanical stuff starts happening then we will reconsider keeping this runner, but up until now it has proven to be a great vehicle.

My 2007 is at 18.5k and it is only a year old. Since it is MINE it is getting upgraded and is much more capable. But being newer the dogs aren't allowed in it yet I know the day is coming though that there will be dog hair and slobber on the windows. But I plan on seeing this runner to 200k+ and beyond. I figure if/when stuff breaks, it's a great excuse to upgrade something in the process.

Why is there this need to always have a new vehicle? Resale value doesn't matter with your runner when used for all intended purposes. You could buy a second car cheaply and keep the 4runner. Worry about resale on that Prius so you can upgrade for technology reasons when the time comes.

Ok I

Value is always subject to demographics. Here in Wi where nobody wants a 2wd , the used 04/05's are sticker priced for 21-23 v8/v6 does not seem to matter here.

I would check NADA values , since that dealers use that and don't even follow KBB or Edmonds for pricing. Give you the best idea. If someone really is looking for a truck like yours they will snap it up at a higher price as opposed to the person that has to be talked into it buy the sales staff.

There are no 4r's here under 04's with reasonable milage for under 20k sticker. Thats what my local dealers have and I watch 3 dealers closely visa personally , not via internet bait and switch.

shuly said:

I don't know why everyone is so worried about their resale value anyway.

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Exactly, it's all on paper until it's sold. I intend to drive mine into the ground as well. It doesn't bother if my 4Runner is worth zero right now, unless it was going to be totalled by the insurance company, at that point I'll go :chair:. Until then I'm not losing any sleep.

We were looking to trade off our '03 SR% 2wd a few months ago and the dealer froze at $7k in trade. I just politely told him that he was so far out of the ballpark that there wasn't any need to negotiate and grabbed my keys and left.

It's sad when such a large selling point of Toyota has always been that they hold value, and here they are telling us they now depreciate $5k a year now...

if you guys are worrying about a massively produced car's resale value... you guys need to seriously make time with a financial advisor assuming you already don't have one because it's a no-win $ scenario. you lose out PERIOD. it's a depreciating asset that requires regular upkeep (expenses, neg cash flow).

just spend that money knowing the value you get out of it is... a nice, reliable truck that'll haul you and your sh!t from point A to B and C and in between.

the toyotas, the 4runner, do keep value well... compared to other mid-sized SUVs. but in the money in your pockets scheme of things (where it counts), your 4runner is a drain.

enjoy your trucks. they're really nice to have. stress more about your investments (home, stocks, retirement, roth ira, trust funds, etc).

i will admit that this advice is coming from a guy who bought his very nice '03 v8 4x4 limited for... $15.5K + $1.5K taxes = $17,000.
i'd never, ever pay $40K + $3.6K = $43.6 for a new 4runner. that's just plain stupid. even discounted it's stupid. if you're entering the 4runner world today, BUY USED. heck always BUY used unless you're specing out a new Ferrari Scuderia.

ovrrdrive said:

We were looking to trade off our '03 SR% 2wd a few months ago and the dealer froze at $7k in trade.

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Everything's relative. If it had been an Exploder, they would have offered $4k

Choi is right! Take it for what it is... I see it as deal with the car payment or deal with upkeep and maintenance cost. I feel i just took a hit to trade a 4runner for a 4runner but i wanted to do so and now what i have im keeping forever.
Im personally fighting the fact that the bottom of the housing market fell out badly in AZ and im $150K upside down/negative equity on my house! Thats been a much harder thing to deal with than the constant depreciation of a vehicles value! times are tough! All we can do is wait for some answers I guess...

Toyotas still have great resale value. They just need to have the name Prius or Corolla on them. Let's face it, we as consumers never took into consideration that high gas prices would have a huge negative impact on the resale value of our 4Runners. Is that Toyota's fault?

Benjamin Choi said:

if you guys are worrying about a massively produced car's resale value... you guys need to seriously make time with a financial advisor assuming you already don't have one because it's a no-win $ scenario. you lose out PERIOD. it's a depreciating asset that requires regular upkeep (expenses, neg cash flow).

just spend that money knowing the value you get out of it is... a nice, reliable truck that'll haul you and your sh!t from point A to B and C and in between.

the toyotas, the 4runner, do keep value well... compared to other mid-sized SUVs. but in the money in your pockets scheme of things (where it counts), your 4runner is a drain.

enjoy your trucks. they're really nice to have. stress more about your investments (home, stocks, retirement, roth ira, trust funds, etc).

i will admit that this advice is coming from a guy who bought his very nice '03 v8 4x4 limited for... $15.5K + $1.5K taxes = $17,000.
i'd never, ever pay $40K + $3.6K = $43.6 for a new 4runner. that's just plain stupid. even discounted it's stupid. if you're entering the 4runner world today, BUY USED. heck always BUY used unless you're specing out a new Ferrari Scuderia.

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Extremely well said

Choi,

I agree that buying the fully loaded, top of the line vehicle in any model is not a smart move simply because many car companies and dealers make their money on the overpriced options. So your $43k 4wd, V8 Ltd, fully loaded 4runner example IS a dumb move, but to blanket every potential 4runner consumer with "always buy used" is a statement I don't agree with. I got a new Ltd 2wd v6 back in '05 for just over 30k in Columbia, SC, brand new w/ 5 year warranty (yes it's still in effect). I'm not stupid, contrary to your last post. I know a guy in Easley, SC that got a 2wd '04 SR5 new for 23,5 - I saw the paperwork. He's also not stupid. There are smart new 4runner buyers and dumb ones (43k). There are smart used car buyers and very dumb ones.

FTR i've had 2 used and 1 new car in my years of driving/buying cars. So I'm not a nutty 'new car only' guy, just thought it was necessary to state the other side of the coin. I fully respect your opinion though - and especially you Falls - you consistently post very good points in here.