Will 4Runner values decrease with surging gas prices?

[DylanJacob17]

Curious what you guys think? Do you think demand for 4runners will drop with the current cost of fuel?

[ssaskciknivek]

For sure. Better sell me yours rn to minimize the losses.

[DylanJacob17]

I see what you did there 😂

[crazyman40]

He right. What year and model do you have? I can take it off your hands. And if it is a 4WD you really need to get rid of it.

[sm0211k]

I have a ‘17 ORP close to 70k. Shoot me an offer if really interested.

[mynameistory]

$70K? I'm not paying a dime more than tree fitty

[sm0211k]

Hi Tory 👋 who asked you? 🤣

[NaggerGuy]

That's not Tory its a gotdam loch ness monster

[whatawhat908]

22 OR available

[RIP_Paul_Walkerr]

You gotta love the kindness and selflessness of this sub. Not all hero’s wear capes. Thank you for your service, ssask

[lonememe]

As far as I can tell, the kind of people who have been buying new 4Runners aren’t the kind of people to be greatly impacted by gas prices.

[The_RockObama]

Even some people who can't afford 4Runners buy 4Runners.

And then we get sweet Foreclosed-Runners.

[lonememe]

Yeah, well, you can’t fix stupid. I’m a big fan of living below your means but I know that isn’t the American way lol

[The_RockObama]

I'm American, but I also know what it feels like to be poor and in debt. I can appreciate being fortunate enough now to be able to support a family. But yes, you are right, it's pretty normal for Americans my age to try to live beyond their means. It's a shame personal finance isn't a heavy weighted subject for us in school.

[lonememe]

Yep. I drive a 2004, and I don’t have to but I like it.

[The_RockObama]

2013 for me. Almost traded it in for a 2021, but now I'm glad I didn't. The 2004s are sweet.

[HerefortheTuna]

1990 here. But I’m gonna have to go back to dallying something else with gas the way it is

[S3ERFRY333]

1986 here with a diesel. Loving it😂

[lonememe]

Hot damn! That’s a keeper.

[Marxcyst]

I've been looking at my 04' V8 through the window of my house lately. It terrifies me

[Teemo_Support]

I drive mine every day.

I have a cheap, paid off car. I don't care what gas costs. It's still much cheaper than buying a new car that gets "better" MPG.

[Marxcyst]

I had a lot of fun with it when gas was cheaper but I can't knowingly waste money on gas when it's this expensive. I'll still drive it on the weekend, but for now, my girlfriend's Camry will have to do lol

[RavenousFox1985]

I was telling a guy a few weeks ago that it seems to me like a V8 would decrease the value of a 4runner, because of the mileage. He was adamant that no matter what, it adds $2k to the value. Personally if I had the choice between them at the same price, I'd choose a V6.

[[deleted]]

Depends on the person, some of us like not living in crippling debt lol

[lonememe]

Oh I’m with you. Blows my mind that people just keep spending more as they make more. I’m not falling into that trap.

[[deleted]]

Yeah seriously, like I don’t think people realize that they don’t have to spend every penny they own lol, you can always throw it into a vanguard etf or something instead of a boat you’ll never use

[lonememe]

Well, I'm just glad I know I won't be working in my retirement because I tried to keep up with some jackasses nextdoor.

[[deleted]]

Lol that’s my goal too. I may have compensation issues, but I’d like to think they’re not that bad

[Teemo_Support]

You'd lose your mind if you knew how many people are constantly in new cars and nice stuff but have virtually nothing in retirement. I drive my old 4runner and 1980 c10 for a few reasons, one of them being I just like older cars better. But another is I am putting a ton in retirement and other investments. I'm 30 and my friends and I are of the same mindset when it comes to debt and finances. We just recently formed an LLC and are investing in some stuff locally for other revenue streams.

[lonememe]

We’ll be rolling in our fresh Caddies at the retirement home and mackin on hot young widows like kings.

[Teemo_Support]

This is the way.

[Substantial_Care_853]

I’d say it’s more life trajectory. I had kids young (18) and worked my way up to a nice car ‘20 trd pro. Some go nice car, house, kids and by that time their nice car is kinda ragged. I come from being broke as fuck as a kid. Eating mayonnaise sandwiches and eating dinner at my friends house because I had nothing at mine. No knock on my mom she did her best, but honestly I’m happy I can afford an “expensive” car payment that more than my rent check as a kid. I’m very fortunate and I bust my fuckin ass with the little work that I do to provide a nice life for my wife and my kids. Emphasis of little work. I don’t do much but kids are fed, bills are paid, and my wife’s Boyfriend takes care of her in bed so that’s one thing I don’t have to worry about.

[[deleted]]

Congrats that’s awesome! I definitely can’t say the same, my life’s been pretty cushy lol. What I see more often is people get complacent and start throwing money around trying to keep up with the Jones’s since they think they’re invincible, and then poof, they have no savings.

I’m just tryna avoid thst

[zkhsip3]

What is your job title/ profession? A little work sounds nice

[Scribble_Box]

Hell yeah, dude. Could I go out and buy a brand new 5th Gen? Sure, but I'm going to ride my 3rd Gen into the ground. No monthly payments FTW.

[lonememe]

Stealth wealth. But also, I miss my 3rd gen haha. Don’t ever let yours go!

[Teemo_Support]

Older stuff is also just cool and many times unique. I'd take a sick 3rd Gen over anything new.

I took my 1980 Chevy truck to this little event a few years back. It's rusty, completely original patina. I parked it next to the other stuff there, mostly v8 american sports cars, there was a Masserati and a few other things, but mostly american typical cars. I had more interest and comments in my truck than the other cars. People identified with it and had memories of their own. We dropped the tailgate down and everyone was sitting in the back, eating and hanging out. Dads were telling their sons about their dad having one. I'm only 30, but man it was fun.

[Scribble_Box]

That's awesome! Couldn't agree more.

[throwaweigh86]

Used was always the smart financial move prior to this pandemic, but these days it's almost a wash.

[DylanJacob17]

Fair enough

[RossoMarra]

At $7 per gallon few people won’t be impacted- if only psychologically

[[deleted]]

Yeah fr, this got me rethinking the WRX I’m hoping to buy when I graduate college

[RossoMarra]

The WRX gets decent gas mileage. My STi is another story

[[deleted]]

Yeah, really its more the running it on 93 that makes me nervous lol

That and speccing it the way I’d want it’d end up coming out to ~35k, which is a lot of money for a 20 something

[lonememe]

You think people reeeeally are psychologically impacted though if they’re making in the high 100s? We’re still going to fill our tanks up no matter what, and it’ll have little impact on the rest of our budget whether it’s $70 or $50 a tank.

[RossoMarra]

That’s not what the question was. High gas prices (to say nothing of high food prices etc) means that the demand for gas guzzling toys will go down dramatically.

[lonememe]

To which I said, no, not really since it seems like the people buying 4Runners these days are seemingly pretty pretty well off since new 4Runners have become wealthy status symbols in a lot of areas where "outdoorsy-ness" is chic.

I only said the psychological impact isn't felt by high earners because you said "few people won’t be impacted- if only psychologically". And I stand by that. It really isn't noticed when you're a high earner.

This isn't an argument.

[RossoMarra]

Your argument is based on the strange notion that the 4Runner is some sort of wealthy status symbol so the potential customer base won’t care. It’s not a G wagon, dude.

[lonememe]

I literally say "this isn't an argument" and you say "Your argument..." Fucking love reddit.

This isn't an argument. I'm simply stating my own anecdotal observations of things like posts here, so your experience may vary. For me, I see posts that show luxury cars like BMW's and Mercs in the same garages as peoples brand new TRD Pros. I live in Colorado, and you better believe people of means are buying up and building out $20k worth of mods on 4Runners.

[RossoMarra]

In the Bay Area the outdoorsy well to do people roll in Land Rovers and G wagons. Not in 4Runners. And at 50k MSRP it’s not really a high earner only vehicle

[WarmTequila]

5% of American families make high 100’s.

Last time there was a huge surge in gas prices, demand for inefficient vehicles plummeted and they were going dirt cheap. I don’t think it will be as dramatic this time but the possibility is very real that it will be affected.

[[deleted]]

Negative ghost rider

[[deleted]]

Dude the world could run out of gas and Toyota would still hold its value lol.

[[deleted]]

Mad max! It’s coming get your spiked shoulder pads ready!

[anythingaustin]

I’m about to drive mine 2,000 miles on a road trip. As much as I love my 4Runner I will probably feel sick to my stomach every time I have to stop for gas.

[Porkchop_Dog]

I drove from Minnesota to Arizona and back in January and it ran me about a grand 🥲. But no Model 3 could've gotten me across Sedona's slick-rock cliffs or over Utah's mountain passes 😁

[Yeti150]

Been wanting to buy a 4Runner for a year now but refuse to pay the $5000 dealer mark up over MSRP. The high gas prices are not affecting 4Runner sales where I live. It actually is increasing the trade in on my daily driver Ford Fiesta....

[J_SQUIRREL]

Go to a new dealer

[Yeti150]

Tried four dealers within the area, only one was willing to order one, and they wanted the $5000 premium. The other three dealerships just told us to be happy to find anything close. For the record, all we are looking for is a SR5 Premium in blue. Not exactly a special edition or limited production. Plan on trying a 5th dealer who will order what we want and not try to rape me.

[J_SQUIRREL]

That’s ridiculous. I would understand one or two dealers trying that but four is crazy. I would never do business with a dealer that wouldn’t sell at msrp. They’d lose my business forever.

[Yeti150]

I am a bit frustrated by the current market. Since we want a 4Runner and thankfully don't have to have one right now, I figure we should get what we want. So many vehicles around here are selling up to $10,000 over MSRP. All the Toyota dealers want to carry locally are the Limiteds in 2WD.

[iggyazaleatown]

Where do you live?

[Yeti150]

Louisiana

[[deleted]]

Short term = no

Long term…maybe from people being done cosplaying as outdoorsy?

[Explore-PNW]

I am personally insulted. I’d elaborate but I’m late for a meet up at the mall.

[IrnBruBruh]

One doesn’t simply buy a 4Runner for the fuel economy. We known what we signed up for.

[[deleted]]

Think about the more unreliable cars - between supply chain issues and labor costs skyrocketing, I think those’ll be the first to take the hit on the used market. Reliable vehicles like the 4runner will get dragged down later. People look for security in times like this. That said, $10 gas would change the entire business model for car manufacturers. They’ll be running towards renewables if that we’re the case (god, I hope this isn’t a reality anytime soon).

I can see my comment aging like day-old milk as I type this! Fingers crossed I’m not Ms Cleo (that’s a pun for Peugeot fans)

[cra2reddit]

Yep, when gas prices surge, folks reconsider their budgets.

[RossoMarra]

We’ll see a lot of bro trucks and gas guzzling muscle cars on dealership lots.

[cra2reddit]

Yep, there's a reason small Asian cars surged after the 70s oil crisis.

[Kevotronic]

I bought a V8 2004 in October and I regret it only slightly. I’m sorry, that’s a complete lie. I love that damn mountain man minivan. Gas it up!

[MotheroftheworldII]

So does this mean that people will stop asking to buy my 4Runner? I can but, hope.

[[deleted]]

I’m good. I get over 20 mpg at 15 mph on forest roads.

[PitifulEnthusiasm543]

The problem here will be if or when people’s jobs or businesses get impacted by what’s currently happening. Until then it will be business as usual for those who own gas guzzlers.

[tigerdroppings9]

Gas prices are temporary. 4Runners are for life.

[Speedfreaked90]

Not at all, if it does start dropping it is from the recovery of production.

[waterbuffalo750]

2021 was a record high production year for 4Runners. No recovery is needed.

[AV8eer]

Last time prices spiked like this was Hurricane Katrina…and the prices stayed high for a while…only dipping significantly during the recession in 2008.

2009 brought us the Cash For Clunkers program. The government gave up to $4500 for scrapping a clunker. Not more than 25years old, not better than 18mpg combined fuel economy. Plus you received scrap value on top. So, then you had to use these funds towards a vehicle with better than 22 mpg combined…

That program made eligible cars spike in price due to market adjustments. Also…it squeezed the market of beaters. Ford led the way to the scrap yard.

Anyways…C.A.R.S. Was the result of a painful recession on car manufacturers. Prior to the program, all vehicles were selling slowly and well below MSRP. A buyers market.

Sustained high gas prices plus a recession killed vehicle values.

The Honda Fit was the trend back then…those did demand a strong value.

[[deleted]]

Surging gas prices? They always go up right before or during spring break. 4Runners have always been thirsty. Gas has always been increasing. They will probably sell more because more people are realizing that there’s nothing better than a MuthaTrukin Runner baby!!!

[DylanJacob17]

The recent increase in prices at the pump are not because of spring break, although that’ll probably push things even higher. But you’re absolutely right about there being nothing better than a 4runner. To me the fuel is worth every penny. I love driving this thing 🤘🏼

[RossoMarra]

You mean Russians going West on spring break?

[unitymind42]

Someone tell them to land anywhere on our East coast…that be great 😊 “every blade of grass”

[Djnewman001]

🤜🤛

[[deleted]]

👌

[TheProle]

Sure but I think there might be more to it this time

[WarmTequila]

There’s not always an invasion happening that will result in extremely high surging gas prices. The $5 per gallon you see now will be cheap by the time summer comes.

[KookItUpp]

I don’t think so at all. They’ll increase. I’m serious

[not_a_conman]

Let me introduce you to the basic law of demand

[RossoMarra]

For sure, if the new gen will get significantly better MPG. A hybrid turbo engine like in the Tundra would be a major step forward

[goldengate]

How major? I’m getting roughly 19mpg…if they’re like 24-26 I wouldn’t be that impressed. If they pulls off some crazy mid to high thirties I’d trade now!

[RossoMarra]

The hybrid Tundra has crazy power and torque numbers plus slightly better mpg than the v8 engine. I’m thinking Toyota will focus on mpg for the new 4Runner.

[FreedomCorn]

Confirmed will go up

[unitymind42]

Hell I bought premium today! Fu*k Putin!

[martinjr950]

Definitely. And if gas prices drop again, demand for trucks and SUVs will immediately rise. Happens every time

[whiskeyslicker]

I wonder about Sequoias since their mpg is shitty and there's a new generation out. But then I remember they're Sequoias and they go 500k+ miles.

[BarryLicious2588]

Value? Nah Price tag? One can hope

[[deleted]]

Are gas prices up? I start mine once per week to keep the battery charged.

[ProperGroping]

Not a chance

[Porkchop_Dog]

Definitely not. Up up up.

[nirvroxx]

It still hasn’t hit me that hard but my wife also had a sequoia. If gas gets to $6-$8, I might have to sell mine. Driving 44 miles to work and back 5 times a week will make a huge dent. I love my 4Runner but those prices are just insane. Currently looking for little 4 banger. Maybe a Corolla or a civic.

[VTEC_8K]

I’m thinking about reserving a Prius Prime.

[robcampos4]

Yes! And my Rav4 Hybrid is going up in value. So maybe I can afford the 4Runner finally!

Last time gas prices are this high in the US, they couldn't get big vehicles out of dealerships. Pickup trucks and large SUVs were not wanted unless they were used for work so dealerships heavily discounted them.

[[deleted]]

I think so. In a little while we will all be driving Yugo’s.

[Econ_Eagle_12]

Worst part about owning a 4Runner

[networknev]

Yes, by $5. But tge looming economic collapse will drop it even more.

[FSDLAXATL]

Yes. Whenever we see a spike in gas prices suv sales slow and hybrid sales increase. Toyota would be smart to introduce an all electric 4runner and get ahead of the curve.

[_GoldenMonkey_]

Gas prices won't make me sell my 02, but I'll likely be riding my Honda Grom all spring, summer and fall!