Too Much?

[mikeg155]

1999 toyota 4runner highlander imperial jade mica
313000 miles on the body but 113000 on the engine and trans.
grey top TRD supercharger, no fuel mods. but never had issues.
K&N intake
Flowmaster exhaust
folder full of maintenance records since new.
Recent maintenance completed within last 3 months includes; New water pump, timing belt, hydraulic tensioner, fuel filter, trans flush and filter, differential service.
I am the second owner and absolutley love this vehicle but my fiance lives an hour and half away and the where the MPG is not bad, its also not great especially since I will be moving 45 minutes from work soon and could use a vehicle with better fuel economy.

I'm not in a hurry to sell it but IF I do decide to part with it is $6700 to much to ask?

Thanks

 

[blizz86]

If you have real documentation on the engine/trans work in your records i think its a good price.

 

[agloukhoff]

I'd ask for MORE if you have paperwork proving the miles on the replacement engine.

Personally, before you sell, do the math to figure out if you'd really get any real savings from selling the truck and then buying another car with better MPG.

Or...just keep it and buy a beater such as this POS:
1996 toyota corolla - $1850 (philadelphia)
1997 Toyota tercel 5speed - $950 (ne phila)

 

[Hepar]

What does the undercarriage look like?

 

[BrianSD_42]

YES lane:

If you don't mind my asking, what did you buy it for?


Since you asked, here is my opinion:

KBB says that even in excellent condition the truck is worth barely $4000.

I calculated an SR5 Sport with 4WD and an Auto Trans. That is about as high in value as it gets.

Having a rebuild doesn't really add value since it isn't under warranty. Plenty of rebuilt trucks fail 2 years after the rebuild. It is common since shops do not use OEM parts in the rebuild.

300,000 miles is a lot. For most drivers the truck is near death. A major failure like the engine or trans catastrophically failing could happen at any time and it would be perfectly normal. Who has $3000 lying around to rebuild an engine? Not most people.

There are a lot of guys who keep their trucks past 200k but we are accepting that risk. I wouldn't recommend a friend buy one with that many miles unless he doesn't have the cash and for $6000 you can get one with a h3ll of a lot less miles anywhere in the US.

The only people who think these trucks are rare and worth A LOT MORE cash than KBB are the noobs and guys who create an account so they flip their truck using the classified section instead of CL - because CL is full of better deals.

Edit: the maintenance and Supercharger probably add $1000 over KBB in my opinion. So maybe ask $6000 and expect to walk away with $5000. $5000 might be an ok deal. Now if the entire engine was replaced and only has 110k miles that is an entirely different thing. I assume it is a top end rebuild where the engine has 300k miles but the top end has only 100k miles. Few people ever replace the entire engine.

Good luck with the sale. Lower your asking price [a bit].

:flame:

 

[mikeg155]

Thanks for the input everyone. Yes there are records indicating replacement of the engine and trans not a rebuild. I paid a tad under 8k for it just over a year ago and it was a struggle getting him that low. I did the math and this option might be better for the vehicles I'm interested in. I'm also considering just removing the supercharger so I can use a lower octane fuel and selling the supercharger for say $550-650 I'd the buyer pays to put my stock intake manifold back on?

 

[BrianSD_42]

Well if the engine has only 110k on it then yeah it is worth a lot more than $5k.

If it is 4WD and has good paint then maybe $7k is a deal even without the SC.

I don't know what an SC goes for but I bet at least $800 maybe more if you can show it is working properly at time of sale and only has low miles with the engine.

I wouldn't remove it until you already have a buyer. That way you can charge more and show proof it works properly. Too many guys here seem to buy SC off CL that were sold as 100% working but in fact needed a very expensive rebuild.

 

[mikeg155]

Thanks for the info. Yes it is 4wd. The paint is good, minor chips on the front bumper but that's to be expected I think. I'm still debating on selling it. I guess if I do decide I'll advertise it for $7000 and see where it goes from there.

 

[BrianSD_42]

Why not advise "100% working 4Runner SC with 100k miles" on CL for $1200 and sew if anyone offers you $1000 for it.

I don't have an SC but that seems like a decent price, even headers sell for $500.

 

[gannonrt]

Maybe you shouldn't sell it.

Assumptions:
1) You said 45 minute drive so I'll use 30 miles as a one way distance. If you drive there and back each work day of the year then you'll put about 15,000 miles on your car for work in a year. Figure an extra 5,000 miles for other trips for a total of 20,000 miles per year.
2) You can sell your T4R for $5000 and Option A) buy a used car with better gas mileage for the $5000 or Option B) buy a newer car for $10,000 with $5,000 cash and $5,000 financed.
3) Your T4R gets an average of 16 mpg and uses premium fuel with an average price of $3.59/gallon.
4) Your used car with better gas mileage bought for $5000 cash gets 26 mpg and uses regular fuel with an average price of $3.29/gallon.
5) Your used car with better gas mileage bought for $5000 cash and $5000 financed gets 30 mpg and uses regular fuel with an average price of $3.29/gallon. (It's a bit newer)

Results
1) You spend about $4,500/year on gas with the T4R. (20,000 miles/year divided by 16 mpg = 1250 gallons. 1250 gallons x $3.59/gallon)
2) You spend about $2,500/year on gas with the $5000 in cash used vehicle. (20,000 miles/year divided by 26 mpg = 770 gallons. 770 gallons x $3.29/gallon)
3) You spend about $2,200/year on gas with the $5000 in cash + $5000 financed used vehicle. (20,000 miles/year divided by 30 mpg = 666 gallons. 770 gallons x $3.29/gallon)
4) You save $166/mo by getting rid of your awesome T4R and driving a not-awesome, gas saving car that you bought for $5000 cash.
5) You save $191/mo on gas but have a $150/mo payment for a net savings of $40/mo to get rid of you awesome T4R and drive a not-awesome, gas saving car that you bought for $5000 cash and $5000 financed.

Conclusion

I'd keep the 4Runner. I drove a Camry for years just to have the gas savings you described. It was awful. The car had no soul. Obviously, plug in your own numbers if my assumptions are off.

 

[BrianSD_42]

He's right about the small actual savings.

Its not as if you have a 2 yr old $30k luxury car where putting 20-25k miles a year on it would KILL the value. Your truck technically has very high miles so another 100k will barely lower the value.

Don't sell it.

 

[mikeg155]

Very good points all. I'm keeping her thanks