Used car pricing is INSANE right now! (Rant)

l008com

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I've been wanting to upgrade from my Trailblazer for a while now, but these prices are off the charts!

Ok so in 2016, I bought an 8 year old Trailblazer for $9500. It was a short wheelbase V8 in excellent condition. Really nice. The miles were a little high at 110,000, but I drive well below the average so high milage turns into low milage fast with me.

So here we are, 2026. I still have it, and I want something newer. The closest match to a Trailblazer is a toyota 4runner. So how much does an 8 year old 4Runner with similar miles cost these days? $9500? $15000, because it has a huge "toyota premium" added to the price?

Nope, typical costs for an 8 year old 4runner are $25,000 or more. For lower trim levels, just regular 4runners! I just drove an 8 year old trailblazer until it was 18 years old. You can't convince me that a toyota premium is worth a 300% price increase. I'm certain 4runners are more reliable, but not THAT much more.

Jeep grand cherokees aren't AS bad, 8 years old and over 100k usually goes for around $20,000 with those.

Its enough to make you think used SUVs aren't worth it and you should just go new. But then you see that a base model SR5 with just 4x4 as the only option, is $48,000.

Maybe I should buy a beater pickup as a haul truck, and go back to driving sports cars. My RX8s and Camaros were downright cheap compared to modern body on frame SUVs.

Where's a modernized Blazer ZR2 when you need one :(

Also while this is just a rant post, if you have any thoughts on what I should do, let me know. In an ideal world, I'd get a TRD Off Road 4runner and I think that would be a very good vehicle for me. MSRP $55,000. So thats out. All front-wheel drive based 'car' SUVs are also out. The basically leaves the GC, the 4runner and the Bronco. I hate fords in general and I'm not a big fan of the bronco specifically. Its painfully ugly. Leaf springs? You can get it in a manual though so it has that going for it. But like the Wrangler, poor towing capacity.

Wrangler is actually an option I've been thinking about. As horrible as they are to drive, I drive so little these days, maybe I can just get the best wrnagler $15k-$20k can get me, and drive that for a few years. I can take the roof off, thats a bonus in the summer. Cargo capacity is garbage, towing capacity is garbage, ride is garbage. But the ride in my trailblazer is going to be pretty bad too once the rusty frame snaps in half.
 
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If this was many years ago, I would tell you to look for a Tahoe/Yukon. But they have literally gone to crap. I personally wont buy anything newer than 2006/07 from GM. Everything Ford, being Ecoboost (EcoBusted), is junk. I never thought I would say this, but buying a Ram/Dodge is the way I would be looking. The Dodge Durango and Jeep GC are built on the same frame/chassis, and I have to admit, I rather like the Durango in the right trim package.

I own a couple Toyota's right now, and I agree, they are not worth the price mark up, but they are worth the right price. I bought 2 of my last 3 Toyota's from salvage because of this, and they are good vehicles. I have a 2001 Toyota Sienna that I rebuilt, I have a 2005 Toyota Highlander that I sorta rebuilt (damage was cosmetic, and the headlight assemblies needed replacing). I also own a 2012 Toyota Sienna that someone else rebuilt. The rebuilt price tag is so much nicer.

I can find some decent deals on the Auctions in your area.
 
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The upfront cost of new vs. used is just the tip of the iceberg. You also have to factor in maintenance & reliability, insurance & registration over time (i.e. Total Cost of Ownership).

My 2003 Suburban is straightforward to work on, parts are readily available, and it is inexpensive to register (latest is just $32.50 for 2 years!) and insure. Ditto my wife's 2006 Volvo XC70.

More insidiously, being able to work on the vehicle yourself is no longer just a question of inclination/ability. Ever increasing levels of system complexity & integration on newer vehicles require specialized knowledge & tools. This, combined with the evolution of the dealership business model that necessitates revenue sources beyond the initial sale of the vehicle (and don't get me started on subscriptions!$%), is going to drive support costs thru the roof.
 
Best bang for the buck, IMO, is the GMT800 2004 thru 2006. I own a 2005 Tahoe Z71 and could not be happier. Linda likes her 24 year old 78K miles 2002 TB.

BUT, If I was to buy anything else, it would be a Toyota 4Runner 2008-2009, last 2 years of Gen 4, 4.0 4Runners. I know a lady that owns a 2008 4Runner, I am going to be replacing the alternator on it in the next few days, bearing noise. 132K miles and is perfect but I offer $10K and she will not sell to me.

The even better Toyota V8 is the 4.7 and there were some of the 4Runners that had them. Or a Tundra with the 4.7.

I have spent some money on my 2005 Tahoe with 176K miles on it but it is a long mileage engine and transmission, when they are taken care of.
 
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