5th Gen Private sales

[IslandJim]

So every once in awhile I check out the value of my 5th Gen 4Runner on Car Max and see what they would offer me. Am thinking of selling in a couple years and noticed KBB valued my 5th gen about 4k more than CarMax.
Is anyone having any trouble selling their 5th gen 4Runner privately? It sure is easy to walk into CarMax to sell and walk out with a check in my hand but an extra 4k may be worth selling my stock 5th gen to a private buyer.
What say you? Thanks for any replies...Happy New Year y'all!

 

[ASUMTNEER]

I buy and sell a lot of 4runners. I never have a problem selling them as long as the price is realistic. If you're fine with the "hassle" of selling privately, you'll be able to make more on your own. What trim do you have?

 

[Redsoxx1918]

The values of all used vehicles are plummeting. Now is a terrible time to sell. I bought a Bronco Heritage Edition last summer and was thinking about trading my 4Runner and buying a commuter vehicle. I couldn't do it. Last June I was offered $54k in trade on my 2023 Solar Octane Pro. KBB currently has trade value at $44k. That's a $10k drop in 7 months. Brutal.


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[jp.vegas]

The values of all used vehicles are plummeting. Now is a terrible time to sell. I bought a Bronco Heritage Edition last summer and was thinking about trading my 4Runner and buying a commuter vehicle. I couldn't do it. Last June I was offered $54k in trade on my 2023 Solar Octane Pro. KBB currently has trade value at $44k. That's a $10k drop in 7 months. Brutal.


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In other words, they’re getting back to reality. Paying MSRP or close to it for any used vehicle that’s not a collectible is dumb. Paying over sticker for new cars that aren’t collectible is also dumb. The last few years have been completely clown land in terms of car prices and sales, but that’s all over now.

Between inflation and crappy rates for those that don’t have flawless credit, the gravy train is coming to a stop and that’s good.

 

[Redsoxx1918]

In other words, they’re getting back to reality. Paying MSRP or close to it for any used vehicle that’s not a collectible is dumb. Paying over sticker for new cars that aren’t collectible is also dumb. The last few years have been completely clown land in terms of car prices and sales, but that’s all over now.

Between inflation and crappy rates for those that don’t have flawless credit, the gravy train is coming to a stop and that’s good.

Well, it's even worse than it was. I got an amazing trade on my 2019 PRO that I traded for my 2023 PRO. I bought the 2019 at a discount for $44,800. Drove it for 3 years and 45k miles and got 41k in trade. They sold it for $46k. More than I paid in 2019. That was during the crazy times. I paid MSRP for my 2023 PRO. $56k. Even in normal times, a PRO wouldn't depreciate that much. $44k trade value is low for a PRO.


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[ASUMTNEER]

The values of all used vehicles are plummeting. Now is a terrible time to sell. I bought a Bronco Heritage Edition last summer and was thinking about trading my 4Runner and buying a commuter vehicle. I couldn't do it. Last June I was offered $54k in trade on my 2023 Solar Octane Pro. KBB currently has trade value at $44k. That's a $10k drop in 7 months. Brutal.


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One was a real offer and one is an estimate from a bad source. IMO KBB is not good at pricing cars, especially older car (not that your 23 is old of course). You need a wholesale estimate to know what the real trade value would be on your pro. The market is definitely changing for the benefit of buyers, which is a great thing and long overdue.

 

[jp.vegas]

Well, it's even worse than it was. I got an amazing trade on my 2019 PRO that I traded for my 2023 PRO. I bought the 2019 at a discount for $44,800. Drove it for 3 years and 45k miles and got 41k in trade. They sold it for $46k. More than I paid in 2019. That was during the crazy times. I paid MSRP for my 2023 PRO. $56k. Even in normal times, a PRO wouldn't depreciate that much. $44k trade value is low for a PRO.


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The only way you're going to know for sure what your trade might be worth in the real world is to play the game and get an estimate at a dealer when you're ready to purchase. The fact is though that times aren't good now to be a seller of a used automobile. The shortage of car/trucks, even desirable ones, is more or less over. Dealer markups and other bs are also very much curtailed, if not gone altogether.

You could also go to Carmax and they'll give you an offer that you can take or leave, good for seven days I believe. Those will give you the actual value in today's market from those that are buying at wholesale, e.g. taking a vehicle as a trade. KBB is a crapshoot at best.

 

[manofsteele2003]

It's about damn time the price of used vehicles dropped, it does suck if you're currently looking to sell yours though. The pricing for everything has gotten so ridiculous, not to mention the uber high interest rates. It's about time everything gets back on par.