2016 SR5 4x4 with 2300 miles... may sell

[DEP14]

So, a month ago I purchased a 2016 SR5 silver, 4x4. Sticker was 37,100.

added OEM running boards.

A change in circumstance may dictate a sale.

What's a fair price that would move rather quickly? Thoughts?

Thanks (if I end up selling I will absolutely post in the classifieds).

Located in Michigan.

 

[Jhalko]

$37,099???

I'm partially kidding, but the 4Runner resale is absolutely amazing. Sorry to hear circumstance might dictate the change. Realistically list for a slight discount and negotiate, I would have to think it could be beneficial for both parties.

 

[Trixx]

Well, despite of when you purchased it, it's still a 2016, and has been registered by you, so they will be a second owner.

I just purchased a 2017 TRD Off Road for about $2500 under MSRP out the door, which is fairly common.

I would probably say it's worth around 4k-5k under MSRP at the most. I couldn't foresee anyone in their right mind buying a used, year old model, just to save $500-$1000 over a brand new vehicle, at that price point. To save $2k-$3k over new? more likely.

 

[Throwback]

Keep in mind the vast majority of buyers won't keep their current vehicle through their six year loan and a couple grand doesn't really effect the monthly payment when they pencil whip the contract in the dealer finance office.

The person who is going to pay cash for a nearly new used vehicle isn't a person who is going to buy unless it's a great deal for them.

 

[philsey]

So, a month ago I purchased a 2016 SR5 silver, 4x4. Sticker was 37,100.

added OEM running boards.

A change in circumstance may dictate a sale.

What's a fair price that would move rather quickly? Thoughts?

Thanks (if I end up selling I will absolutely post in the classifieds).

Located in Michigan.

A good negotiator, under the right conditions can manage as much as 10% discount on a 2017 SR5. That's $33,390. So one of your competition is new at $33-35K.

You bought either a leftover or a demo, which could bring it down another $2K -- so a dealer with a CPO or demo 2016 will be your other competition at ~$30-$32K.

So, where do you have to be for a fast sale? $29-30K at the most IMO. The further you are beneath that, the better your chances. All depends on how desperate you are.

How many miles?

 

[Presa Canario]

Just to give you some insight...... I'm in the OK/TX area. About a month ago I picked up my 2016 SR5 4x4 with 22,000 miles on it for just under $30k out the door. It was $29, and some change. It was a "certified" vehicle which gave it an additional 1yr/unlimited mileage bumper to bumper warranty on top of the the existing 3yr/36.

Edit to add..... this was the cheapest internet priced 4Runner that I could find with comparable miles from Houston to Tulsa. No matter the color.

 

[c10bonanza]

A good negotiator, under the right conditions can manage as much as 10% discount on a 2017 SR5. That's $33,390. So one of your competition is new at $33-35K.

You bought either a leftover or a demo, which could bring it down another $2K -- so a dealer with a CPO or demo 2016 will be your other competition at ~$30-$32K.

So, where do you have to be for a fast sale? $29-30K at the most IMO. The further you are beneath that, the better your chances. All depends on how desperate you are.

How many miles?

Agreed. I just negotiated and purchased a 2017 SR5 Premium with sunroof, third row, and lots of extras for 12.5% under sticker price. Most people have no difficulty getting 5-8% knocked off, depending on trim. Your market and location play a big role a well. I'd think anywhere from 10-15% under MSRP would be a good starting point. Then be prepared for lower offers.

 

[DEP14]

thanks for the input

It's a 2016 with 2500 miles.

If I could pull 30-31k on it, I would be happy.

Suppose I should post away.

 

[Throwback]

Just for grins you should see what Carmax and the Toyota dealer would give you. KBB lists your truck at about $31k private party sale.

Keep in mind, you're going to lose a few thousand dollars right off the top no matter what even if you sold it today. I don't know how you bought the vehicle but if you financed it that's a few months of payments so you shouldn't be in a huge hurry.


Another data point:

This April I bought my 2014 Trail with 25k miles for $31,500. It was Certified Pre Owned, which is the 12mo/12k mile comprehensive and 7yr/100k powertrain warranty. It's a better warranty than buying new.