The price of used cars is through the roof right now, but trucks and SUVs seem to be taking the brunt of the increase. If you are looking for a used truck for sale, be sure to compare prices to ensure you are getting a fair deal. Also, don’t be fooled by dealer markup on popular vehicles like the Kia Telluride.
An expensive used truck for sale is the Toyota 4Runner
The Toyota 4Runner is a bigger SUV that has quite the following. According to iSeeCars data, the 4Runner usually costs around $45,382 new. Based on use car prices for the vehicle, buyers usually pay around 3.3% more for it. That is only an increase to $46,867, but it is still more than the new price.
Toyota 4Runner new price: $45,382
Toyota 4Runner used price: $46,867
Of all the used trucks for sale, the Toyota Tacoma is popular
The Toyota Tacoma has quite a following, much like many pickup trucks on the market. Since new truck production has been heavily impacted by the semiconductor chip shortage, used trucks prices have gone through the roof. Prices of the used Tacoma are up 5.2%. A new Tacoma was priced around $37,902, while the price of a used truck could cost $39,857. That’s almost $2,000 extra for a used truck.
Toyota Tacoma new price: $37,902
Toyota Tacoma used price: $39,857
A luxury used option, the Mercedes-Benz G-Class
The Mercedes-Benz G-Class was at the top of the list. The G-Class starts at around $182,631, but buyers are willing to pay more. Even if it is used. If you plan to buy a G wagon of any kind, iSeeCars suggests you might pay around 4.1% over MSRP. That would take buyers up to just over $190,078 for the G-Class. While a G-Wagon might be out of some budgets, the used truck market knows no bounds, especially in the luxury category.
Mercedes-Benz G-Class new price: $182,631
Mercedes-Benz G-Class used price: $190,078
The impossible to find Kia Telluride
The Kia Telluride is actually the first SUV on the list. Many in-demand cars are marked up to weed out the less passionate buyers. Additionally, the high demand for cars, in general, this year means that prices are often driven higher. The Telluride costs about $44,166 new depending on the trim.
“The price hikes have trickled down to the used car market, where used Tellurides aren’t yet abundant and buyers may be willing to overpay for a used version that is likely the only one available,” iSeeCars Executive Analyst Karl Brauer said. Right now, a used Kia Telluride is going for about $47,730. That’s over 8.1% up from the new price and over $3,500 more. The Telluride has taken the market by storm and these prices won’t likely change much until the 2022 Kia Telluride shows up on dealership lots.
Kia Telluride new price: $44,166
Kia Telluride used price: $47,730
A smaller SUV option is the Toyota RAV4 Hybrid
Another day, another popular Toyota SUV. The Toyota RAV4 Hybrid is the perfect size: it isn’t too big, isn’t too small, and gets increadible fuel economy. The price of a new Toyota RAV4 Hybrid will run you about $34,995 from the dealership. However, if you plan to buy used, buyers can expect to pay $36,352. That’s a 3.9% increase over the price of a new SUV.
Toyota RAV4 Hybrid new price: $34,995
Toyota RAV4 Hybrid used price: $36,352
The used car market is expected to start leveling out towards the end of the year, but prices of used trucks and SUVs will likely stay high for a bit longer. When the 2022 vehicles start to hit the pavement, there should be more availability across the board. That is, if the industry finds more semiconductor chip availability.
Certified Pre-Owned vehicles are always a good option, and most of the 2019 – 2020 vehicles on this list are likely to have warranty left over.