Looking at buying a 4th Gen

greenmonk

New member
I'm new to the forum, but have been looking around for the last couple of weeks to learn what I can before buying a 4Runner. I think I found one, but there is one issue with it and I would love your opinion on what I should do.

I found a 2006 4Runner Limited for a great price. The guy bought it CPO'ed and got the Platinum Extended Warranty with it. When I pulled the Carfax I found an issue. It had fire damage from the 1st owner. I called up the Toyota dealer that fixed the car and talked to the body shop manager who actually remembered fixing the 4Runner. The 4Runner was never on fire. The car next to it was, so the damage was melted plastic parts. The manager told me that it was about $4k in damage and that all that was done was replacing a bunch of plastic parts and repainting one side.

I don't think the 2nd owner knows about this. I told him I was getting the Carfax and he sounded confident that it would be clean. I highly doubt he looked at a Carfax before buying it himself. He's a military guy at one of the local bases and seems like an honest family man. We're going on Monday to one of the local Toyota dealers to get a pre-purchase inspection done and so I was going to ask the Toyota dealer to check to make sure all the damage was taken care of properly.

My question to you is since it has this blemish in it's history, should I be wary of buying it? Even though the 4Runner wasn't the cause of the fire, will having this in it's history significantly lower it's selling value if I ever sell it? I probably won't sell it, but there's that "just in case" issue. I keep my cars for a long time. My current car (a '97 Tacoma) is now 14 years old, so I keep them for the long haul. I've been waiting to buy a 4Runner since 1987 when I was just a kid and have loved them ever since. I can finally buy one, but I don't want to make a mistake just because I'm eager to get one.

Let me know what you guys think. Thanks!
 
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If it were in a major collision, or had major mechanical issues, then yes, I would avoid it like the plague. BUT, apparently it had "minor" cosmetic issues that were fixed. Little plastic pieces are expensive, but if the truck looks nice, then I would give ya the "green light"!

Thinking of selling it? Well, if you get sick of it, then it would be something to consider (resale value), but MOST people who purchase 4Runners are in it for the long haul!

Welcome to the forum! :cool:
 
I think you can use that as a good negotiating point. If the price is right and not looking to sell it in next 3-4 years, then go for it.

Although, I am surprised on how Toyota CPO'ed the car with the damage?
 
I think you can use that as a good negotiating point. If the price is right and not looking to sell it in next 3-4 years, then go for it.

agreed, use that as a way to get the price down and get a good deal out of it that makes it worth the damage and potential loss in resale
 
It's been in an accident - 4k is not fender bender. I'd walk ASAP.

I agree. The vehicle was in a fire and is reported as such.

However, if you like the vehicle, I would try to bargain with the owner to get a better deal. But understand that it is on the Carfax report and will affect resale value.

Personally, I would not touch it. Look for a better deal.
 
Thanks for the input so far! Unfortunately, I don't think I'll find a better deal and I do like the 4Runner. It just has this one big issue.

I realize that having it on the Carfax report will lower any resale value, but I'm not sure what a good deal on this 4Runner would be taking that into consideration. Since it was only cosmetic damage, how much is a reasonable price? The specs are below:

2006 4Runner Limited 4x4
61,000 miles
JBL Synthesis
Moonroof
Spoiler
Towing package

The Blue Book Trade-in value at Excellent is $24,500. Good is $23,000. I'm in VA and here, similar 4Runners at dealers are going for about $25k-26k.

I haven't dealt with getting a new car since 1997, so I'm a little rusty on what a car is really worth. Considering the blemish on the Carfax, what would you offer him? I'm just curious. You guys may end up helping me get a really good deal out of this.
 
Have you checked craigs list to see any comparables in your area? I would definitly use the carfax to negotiate with. That is pretty low mileage and being a limited the value is high. If you plan on owning for 3 or 4 years, the fire issue will have a diminishing effect as time goes on relative to resale value. Negotiate hard and be happy at the end. Good luck!
 
It's been in an accident - 4k is not fender bender. I'd walk ASAP.

WRONG. Fire damage, not a "collision" as you are implying.

The whole side of the truck was most likely repainted and most of the trim replaced. This cost money, especially if it was new.

GREEN: does the car smell?? Does it have any "electrical issues". If not, then I would say you are probably fine. But yeah, this is a "blemish". Try to offer $15K and go from there.
 
Thanks for the input so far! Unfortunately, I don't think I'll find a better deal and I do like the 4Runner. It just has this one big issue.

I realize that having it on the Carfax report will lower any resale value, but I'm not sure what a good deal on this 4Runner would be taking that into consideration. Since it was only cosmetic damage, how much is a reasonable price? The specs are below:

2006 4Runner Limited 4x4
61,000 miles
JBL Synthesis
Moonroof
Spoiler
Towing package

The Blue Book Trade-in value at Excellent is $24,500. Good is $23,000. I'm in VA and here, similar 4Runners at dealers are going for about $25k-26k.

I haven't dealt with getting a new car since 1997, so I'm a little rusty on what a car is really worth. Considering the blemish on the Carfax, what would you offer him? I'm just curious. You guys may end up helping me get a really good deal out of this.


Not sure if you've thought of widening your search. I live in Cali and I flew out to Las Vegas and bought mine. Just for reference:

Got a 2006 Sport Edition 4x4 V8 with 39k w/ jbl, sunroof, towing package for 24k out the door. Paid all my cali taxes in NV so didn't have anything but a $200 registration fee.

I know your in VA and prices vary all over, but with the issue that has been reported, "I" personally wouldn't pay more than 22k for it (and I would really have to like that truck a lot to pay that much for the damage that was reported).

I remember when I was looking, I used to find quite a few deals out in New Jersey and South Carolina, Utah. Not sure if your willing to travel a bit.
 
I'd look at getting that Service Manager to put it all in writing for you on that dealership letterhead, then you would have that whenever you went to re-sell.... with his name, position signature. That would put most potential purchasers at ease I would think.
 
There are so many clean cars out there with similar age/trim/mileage, I would walk away.

Why bother? The price is "great" because the thing has been on fire.

Any of those major events that show up on CARFAX - Salvage, accident, fire, flood - are scarlet letters for cars. If for some reason you have to move the vehicle after purchasing it, you'll be in the position of explaining how a car that has been in a fire and is attempting to find yet a fourth home is a good buy. Not a winning scenario. You'll take a massive hit if you go to sell it, regardless of Service Department or Dealership testimony/endorsement.

Sorry for any pessimism, but I am a recent 4th Gen buyer ('06 SE about 3 weeks ago), and in this business of buying pre-owned cars, we are the only thing ultimately protecting us from ourselves. Give yourself some peace of mind and find something w/ a clean history.
 
Well, I have a lot to think about between now and Monday (when I get it checked out at the dealer). I'm definitely not going to find another one for such a good price, but with that ding on the record it's not worth as much as others are selling for. The guy is definitely asking a good price even considering the fire. When I asked him about the fire, he seemed very surprised and said he thought CPO'ed meant it was a clean record. He never saw a Carfax. His wife is just making him get rid of the car so they can buy a house or else he'd keep it.

On the other hand, if I decide I'm going to keep it for 10 years like my current Tacoma, then I guess it shouldn't really matter much. I'll let you guys know what I end up doing. Thanks for your opinions!
 
There are so many clean cars out there with similar age/trim/mileage, I would walk away.

Why bother? The price is "great" because the thing has been on fire.

Any of those major events that show up on CARFAX - Salvage, accident, fire, flood - are scarlet letters for cars. If for some reason you have to move the vehicle after purchasing it, you'll be in the position of explaining how a car that has been in a fire and is attempting to find yet a fourth home is a good buy. Not a winning scenario. You'll take a massive hit if you go to sell it, regardless of Service Department or Dealership testimony/endorsement.

Sorry for any pessimism, but I am a recent 4th Gen buyer ('06 SE about 3 weeks ago), and in this business of buying pre-owned cars, we are the only thing ultimately protecting us from ourselves. Give yourself some peace of mind and find something w/ a clean history.

:iagree:
Just my $0.02, but walk away quickly. I never even consider buying a car that's been in an accident, fire damage, or water damage. The thing might look perfectly normal right now but a year from now all the problems start. As soon as something pops up on the CarFax as a red flag I immediately keep looking. There's a lot of good deals out there, just keep looking. Try looking a few hundred miles away and make a road trip out of it. I flew to Oregon for my truck as it was a great deal and me and some buddies made a road trip back up in my new rig.

:guitar2:
 
Just keep looking. It takes time to find the perfect vehicle sometimes. There are quite a few places to look.

1. craigslist
2. autotrader
3. carmax
4. classifieds on this forum
5. you can pull up dealerships nearby and browse used inventory

amongst many other options. Just keep looking and you'll find one soon or later. Steer away from a damaged vehicle if you're concerned with the resale value in the future.
 

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