How Much Should I Pay: 2007 Toyota Rav4
Question From Wendy: I am looking at a 2007 Toyota Rav4 V6 4×4 with 38k miles. The dealer is asking $20,990. What should I offer?
Queen of the Road: Hi Wendy. Welcome to AutoBragBlog! $21k is ridiculous! Here’s a fair range: $15,400 to $17,700.
For a 2007 Toyota Rav4 4WD V6 with 38,000 miles, wholesale prices range from $16,000 (being in above average condition) to $14,900 (being in average condition) and $13,900 (being in below average condition).
A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $15,400 to $17,700. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
