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Considering selling my 5th gen

Discussion in '5th Gen 4Runners (2010+)' started by sherwood4runner, Jan 11, 2021.

  1. Jan 13, 2021 at 12:49 PM
    #31
    Abanero

    Abanero New Member

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    $39K might just be the sweet spot, especially considering mods. As everyone else said, you don't tend to get that invested cash back, but it could be an easy justification to bump it to $39K. Either way, avoid the dealership 100%. It can be intimidating to do it on your own, but I've sold 3 of my own private party, and everyday I regret the ones I traded in. Also, the days of putting it in a church parking lot w/ a for sale sign are pretty much long gone. I took good photos, wrote up a great description and paid a fee for a site that allowed for more pictures, great outreach, etc.

    When it comes down to the test drive, meet in a well lit area w/ some sort of foot traffic and cameras if things go wrong (gas stations, mall parking, etc). From there its personal preference - I went with them on every test drive and sat in the back. If they pushed it a little, I made an excuse about insurance and it being a requirement and they never raised it again.

    Lastly, as I mentioned above, when it comes down to the financial transaction, both of you should meet at a bank. I had them meet me at my banking institution and we went in together, bank verified funds, title work and purchase agreement was signed and the rest is history.

    I know I make it sound like you can't trust anyone, but until you can .. you can't.
     
    Snickel Fritz likes this.
  2. Jan 13, 2021 at 12:59 PM
    #32
    20AGPro

    20AGPro New Member

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    Also if you’re set on dealership, take it to couple different Toyota. Reason I say that is when I traded in my Jeep, one two hours away gave me $4000 more for my trade in than the one in town. You never know what each is wanting and one dealership may know they could get it sold quickly or have a buyer so they’ll offer you more. Both were a Toyota dealership so they don’t have an algorithm for what they offer. Depends on how big of an ass they want to be and rip you off.
     
  3. Jan 13, 2021 at 1:23 PM
    #33
    treyus30

    treyus30 New Member

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    Dealer will always low ball you. Trade-in is sacrificing thousands of $s for a little convenience imo.

    Edit: That tax argument is pretty solid though. Had no idea they took that out.
     
  4. Jan 13, 2021 at 1:44 PM
    #34
    jvinhj240

    jvinhj240 New Member

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    I always have good luck with trade-in. Of course, use Carmax to have them beat or even then tax break. Trade it in is best for me. Even I make $1000 selling private, not worth it.
     
    Tuco S. and Snickel Fritz like this.
  5. Jan 13, 2021 at 2:59 PM
    #35
    Snickel Fritz

    Snickel Fritz This member likes turtles.

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    FN Konig Six Shooters+Cooper AT3 4S 255/75/17 Artec Full Aluminum Skidplates Kenwood DNX996XR RAV4 heated blind spot mirrors OEM Blackout Edition LED fogs Buncha sheepskin stuff Not installed... yet: Artec Sliders Hefty Fab Hybrid front bumper Thinkware U1000 DC (benched) Renogy DCC50S (benched)
    I've been considering selling my own for a few months now, but in my market no one appreciates (or is willing to pay for) anything nice... that includes every dealership within a 12 hour drive that I'm aware of... so it'll probably be to an online retailer if I do.
     
    Trail Runnah likes this.
  6. Jan 18, 2021 at 11:03 AM
    #36
    Tuco S.

    Tuco S. New Member

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    Keep in mind the initial offer a dealer makes for your trade-in is rarely (as in never) what the used car sales manager actually appraised it for. They will always "hold" a certain dollar amount off the actual appraisal price to give them room to negotiate. Let's say the average wholesale value for your trade-in is $30000. In this case the dealer might offer you between $27500 to $28500 on the first pencil, and then after they peel you off the ceiling they will eventually come up to $30000 on the 2nd/3rd or 4th pencil. This makes you feel like you worked them over and got a great deal, when in actuality you ended up getting wholesale value = fair value for a trade-in.

    This is why I always suggest that people should run their trade-in by a Carmax, because they will offer you average wholesale value up-front, whether you buy a car from them or not, and you can take their print-out with you to other dealers to use as leverage. At the very least, this gives you a better understanding of what your trade-in should bring.

    Yes, I worked at a dealer once, a long long time ago. Worst. Job. Ever.
     
    treyus30 and Snickel Fritz like this.
  7. Jan 18, 2021 at 11:20 AM
    #37
    Cowboy59

    Cowboy59 New Member

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    When you are ready to sell, I highly recommend using Auto Trader. I sold my vehicle in Dec. using Auto Trader. $100 for a 30 day listing, that includes Carfax report and more photos than you will need. Also, Auto Trader made very easy to reply to inquiries without giving out my contact info. I also took out a Craigslist add for $30 in my area, and just provided the link the Auto Trader site. Car sold in 3 weeks and I did not need to negotiate.
     
  8. Jan 18, 2021 at 12:03 PM
    #38
    canadian.bacon

    canadian.bacon H9 halogen is the best led bulb

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    LOL this made my day; here I was thinking how nice it is in Oregon, no sales tax (13% here in Ontario) and then BAM, California strikes again...so you don't get the tax break, you pay for the new one full tax, high gas prices, weird laws when it comes to emissions...now i start to understand the exodus towards Texas and Florida.
     

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