What factors do you think contribute to the varying price range of 3rd Gen Toyota 4Runners, and would you personally consider paying a premium for one?
It's gotta be the present day market rate, not that I'm the most knowledgeable when it comes to that subject but it just doesn't make sense to me. In 2013 I bought my 2001 for $4800. At the time it had 191K miles on it. Nowadays people are listing theirs for a much higher price than that with higher mileage! It doesn't make a lick of sense to me at all.
So maybe price compression? The cost of new vs the cost of used. When the new one gets too expensive people hunt for a better deal. That might be used and supply and demand drives up the price of used. Everywhere I look I see stuff about dealers can't sell the new cars they have. I see some pretty steep discounts being offered. So eventually that will catch up with the used market.
I'm not in market for ANYTHING right now. Buit watching. Real estate is going down around me as are used bike prices, and boat prices and RV prices. So I predict some buying opportunities in the not too distant future. especially for those with cash. You'll still pay the "toyota tax" but some people are ok with that.