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How Much Should I Pay: 2008 Toyota Highlander

Question From Jennifer: 2008 Toyota Highlander-V6-4WD Utility 4D (2WD)
34,000 miles
When I look on NADA the clean retail price. Is this what I as the consumer should be paying, or should I be paying less than that. I am having trouble understand please explain thanks. Jennifer

Queen of the Road: Hi Jennifer. I’m not too familiar with NADA and how they obtain their car prices, but here’s what we’ve pulled up…

For a 2008 Toyota Highlander 2WD V6 with 34,000 miles, wholesale prices range from $16,800 (being in above average condition) to $15,600 (being in average condition) and $15,200 (being in below average condition).

A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $17,000 to $18,700. A private seller will usually aim to sell it for 5%-10%.

What was the offering price?



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