How Much Should I Pay: 2007 Toyota Camry Hybrid
Question From Hussein: I am looking for at least a 2007 Camry Hybrid….either black or dark gray with leather in the inside….something with low miles
Queen of the Road: Hi Hussein. I’ll give you a couple of price ranges based on miles. It’s best to find a private seller over a dealership.
For a 2007 Toyota Camry Hybrid Sedan LE with 20,000 miles, wholesale prices range from $19,600 (being in above average condition) to $18,000 (being in average condition) and $16,400 (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 $18,000 to $21,500. A private seller will usually aim to sell it for 5%-10%.
For a 2007 Toyota Camry Hybrid Sedan LE with 10,000 miles, wholesale prices range from $20,300 (being in above average condition) to $18,700 (being in average condition) and $17,100 (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 $18,800 to $22,300. 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.
The best way to find used cars is on Craigslist and AutoTrader. When you find a deal, run the #s by us and I’ll make sure you pay the lowest prices.
