Skip to main content

I Paid $36K For My 2019 Toyota RAV4 in 2022, Now Two Years Later the Dealer Says It’s Only Worth $19K, What’s Up With Toyota?

Toyota RAV4 owners who bought used cars during the inflated market in 2022 are now paying again. Bethany purchased a 2019 Toyota RAV4 in 2022 for $36,000, and now it's only worth $19K. Here is what RAV4 owners who bought 3 years ago need to know now.  
Posted:
Author: Denis Flierl
Advertising

Advertising

It's not a good time to sell your Toyota RAV4. 

Those who purchased a used Toyota RAV4 in 2022 were hit hard by the inflated prices caused by car shortages. Now, as they attempt to sell their cars, they are facing a significant financial blow. 

Bethany Simko (@bethanyysimko) purchased her 2109 Toyota RAV4 from a Toyota dealer for $36,000, and now she has to sell it because she's moving from Hawaii back to the mainland to Los Angeles, California. When she went to the same dealer that sold her the car, they are telling her it’s now worth less than half of what she had paid just two years ago. 

Bethany on her TikTok clip says,

"I'm moving from Hawaii to LA, and I need to sell my 2019 Toyota RAV4. Now the Toyota dealer tells me it's worth $17,000 less in only two years?" she says in disbelief. “What's up with Toyota?"

Imagine moving to Hawaii because you are a fitness trainer. You are single, nothing can hold you back from doing what you love, and it's a good time to escape the craziness on the mainland during COVID in 2022. 

You make the move to the big island and purchase a two-year-old 2019 Toyota RAV4. However, used car prices skyrocketed because of supply chain issues and new car shortages. You had to pay $36,000 because so few cars were available. But you love the car, and you buy it.

Fast Forward Two Years

Now, just two years later, the car is only worth $22,000, but the Toyota dealer will only give you $19,000 because prices on the RAV4 have dropped significantly. 

This drop in value can be attributed to the end of the 2021 car shortage, which has led to a more balanced supply and demand situation in the used car market. 

Bethany says, "I'm moving in five days and don't have time to put my RAV4 on Marketplace. I still owe $22,000 on it, but I have to sell it now. I know that selling it to the dealer is much easier than selling it myself."

Bethany Takes Her RAV4 to the dealer 

"My RAV4 is my baby; I paid $36,000 for it. They better give me a good offer," she says with indignation. 

As she waits for the dealer to check the car over and inspect it, she says, "They better handle my car nicely." Now, after the dealer tells her the car is worth $24,000 retail, they can only offer her $19,000 wholesale for her SUV. 

She tells the dealer she can't take that amount for her car, So she's able to negotiate with the dealer, and they tell her they can only go up to another $1,000. She tells them it's unacceptable and she will take it somewhere else.

What will the Lexus dealer offer?

So now she goes across the street to the Lexus dealer to see if she can get a better offer from them. However, the Lexus dealer tells her the best they can do is $19,000. 

Now she goes back to the Toyota dealer, and they say the highest they can go is $20,500. It's their best and final offer. 

Bethany checks what a 2019 Toyota RAV4 is selling for now, and her RAV4 XLE is retailing at the Toyota dealer for $26,000 on the island of Hawaii. 

What should Bethany do?

Advertising


If Bethany sold her RAV4 by herself on Marketplace, she could likely get $22,000 for her car. That's what she still owes. However, in 5 days she is moving and doesn't have time to sell it herself. 

Her best option now is to take $20,000 from the Toyota dealer, but she has to pay the bank an additional $1,500 to pay off her car loan.  

Bethany says, "I'm probably going to take that offer of $20,500. We'll see."

What Should RAV4 Sellers Do If They Purchased Their Cars During the Car Shortages?

If you bought a car during the 2021 shortage, consider keeping it until it's paid off, as used car prices are still high, and the market may not be as favorable for selling or trading in. 

Here's a more detailed breakdown from Kelley Blue Book of what car owners who purchased during the 2021 shortage should consider:

1. Hold onto your vehicle if possible:

  • High Used Car Prices: The car shortage led to a surge in used car prices and trade-in values, but now values have dropped. 
  • Potential for Negative Equity: If you financed your car, you might have negative equity (owe more than the car is worth) due to the inflated prices during the shortage. 
  • Consider Keeping Your Car: If you can manage the payments, holding onto the car until it's fully paid off could be a wise financial move, given the current market conditions for selling or trading in. 

2. If you must trade in or sell:

  • Research the Market: Before trading in or selling, research the current market value of your vehicle and compare quotes from different dealerships and online car buyers. 
  • Be ready to negotiate strategically. Remember, dealerships are well aware of the current value of your used car, so don't be afraid to push for a fair deal. 
  • Consider Private Sale: Selling privately can sometimes yield a higher price but requires more effort and time. 

3. Maintenance and Repairs:

  • Regular Maintenance: Ensure your car is well-maintained to extend its lifespan and potentially increase its trade-in value.
  • Address Repairs Promptly: Don't delay addressing necessary repairs, as neglected issues can depreciate the value of your vehicle. 

4. Future Car Purchases:

  • Be Flexible: If you're in the market for a new car, be prepared to be flexible with your preferences, as certain models or features may be harder to find. 
  • Shop Around: Don't settle for the first car you see, as other options may be available. 
  • Consider Used Cars: The used car market may still be competitive, but there could be opportunities to find a good deal. 

Conclusion and Questions for RAV4 Owners:

Toyota RAV4 owners and others who bought used cars during the inflated market in 2022 are now paying again. 

Bethany purchased her 2019 Toyota RAV4 at the worst time, during the height of the new car shortages. Used car prices skyrocketed, and buyers had to pay exorbitant prices. 

The Toyota dealer can now only pay her the wholesale price for what her car is worth. She doesn't have time to sell the car, so now she will take an even bigger hit.  

Bethany’s experience with her Toyota RAV4 isn’t unique: many car owners have faced unexpected depreciation, but some are dealing with the flip side of vehicle ownership: battery degradation in EVs. Take, for example, a Tesla Model 3 owner who, after 55,000 miles, still loves the car but is grappling with a significant drop in range, now getting only 145 miles on a full charge. While gas-powered cars like the RAV4 lose value through depreciation, EVs introduce a new concern: how much range they retain over time. If you’re considering an electric vehicle, understanding long-term battery performance is just as crucial as tracking resale values. Read more about this Tesla owner's experience here: 55,000 Miles In, I Absolutely Love My Tesla Model 3—But I’m Only Getting 145 Miles on a Full Charge.

How About You?

Did you buy a used Toyota RAV4 or another vehicle during COVID in 2021 and 2022? If so, click the red Add New Comment link below and let us know.

Check out my Toyota RAV4 storyI Paid Too Much For My 2024 Toyota RAV4 Because the Dealer Stung Me By Issuing a Verbally Undisclosed Credit Card For an Extra $1,500 Down Payment

I am Denis Flierl, a Senior Torque News Reporter since 2012. My 30+ year tenure in the automotive industry, initially in a consulting role with every major car brand and later as a freelance journalist test-driving new vehicles, has equipped me with a wealth of knowledge. I specialize in reporting the latest automotive news and providing expert analysis on Subaru, which you'll find here, ensuring that you, as a reader, are always well-informed and up-to-date. Follow me on my X SubaruReportAll Subaru, WRXSTI, @DenisFlierlFacebook, and Instagram.

Photo credit: Denis Flierl via Bethany

Advertising

Comments

Tharwat I (not verified)    April 1, 2025 - 2:14PM

I think she should keep her SUV.
Auto prices will go up as the Trump administration is introducing tariffs.
This will push prices up for new and used cars as well.

Phil Bickel (not verified)    April 1, 2025 - 3:17PM

If possible sell it to Carvanna or Car Max. They typically pay $3000 more than Toyota dealers do.


Advertising


Daniel (not verified)    April 1, 2025 - 3:49PM

I dont understand what some people are thinking. Haven't you ever heard that, the moment you drive a car off the lot, it's value drops by 50%. How is it surprising that you bought a regular car like a rav 4, and expect it to be worth more than half, after having driven for 3 years, lol.

Bapak Bob (not verified)    April 1, 2025 - 3:53PM

A last minute gotta sell in a micro-market due to geographic constraints is hardly a USA trend. But I sold a 25k 2023 Corolla sparky like new with 20k miles in pa in nov 2024 for 20k (kbb online promised 22k, but kbb online does not buy the car, just teases you into a dealer showroom. but I would have accepted less just to get behind the wheel of the last, best Toyota they ever made, the 5th gen 4Runner 4 ever. I am rewarded constantly with the “more bad news on the newbie Toyotas”reported weekly. Sigh of relief.

Terry (not verified)    April 1, 2025 - 6:05PM

Well I was actually going to buy a new Rav 4 hybrid or PHEV in January 2025 however I couldn't find any available with estimates of 8 months for the hybrid and 18 months for the PHEV! Also prices are MSRP and Toyota's interest rate was 6.9% at the time. I live in Ontario Canada and there was a federal government rebate of 5000 available however this rebate was ending before I could get a Rav 4 and also my 2017 Prius V trade vehicle still has 7000 km extended warranty. So the value of my trade would also go down before a Rav 4 would be available for me! I discussed all this with my local Toyota dealer who has always been fair to deal with however they cannot do anything about availability and wait times.
So I jumped ship and went to Hyundai who had 7 in stock Tucson Ultimate PHEV's available! I got the 5000 rebate, a dealership 2000 discount and the same trade allowance Toyota was offering me for my Prius V trade! Also the interest rate was lower and the fully loaded PHEV Tucson was several thousand less than a loaded Rav 4 PHEV. So far after 10 weeks with the Tucson we are loving it! Quieter and much more refined drive and safety features and tech the Toyota simply does not have yet! We are paying over 200 a month less than a Rav 4 PHEV and that includes extended warranty to 160000km, tire and rim hazard warranty and an anti rust module and ceramic paint coat finish. So some extra peace of mind there too!
Sorry Toyota, you need to add some more value or become kind of old school and obsolete.

Merlin Valencia (not verified)    April 1, 2025 - 6:07PM

I bought my 2021 R4P with a $5k markup. I really needed a new vehicle and I don't regret it because I planned to keep it forever. The price of the Rav4 PHEV has actually risen over the years and I got all sorts of discounts when I bought mine through the clean cars for all program. All I can say is she should have just leased her Rav4 if she wasn't planning to keep it long or maybe should have gotten a Prime instead it seems to hold its value better.

Cassandra Hansen (not verified)    April 2, 2025 - 12:07AM

I bought a 2021 model in 2020 in Australia for 46K I was told they are valued at 36k here now. Is that correct? Doesn't sound like it

paul sylvester (not verified)    April 2, 2025 - 1:04AM

Cars lose 50% of their value every three years-They are not an asset but a necessary liability. During your life your greatest expense is motoring. Reality.

Mick (not verified)    April 2, 2025 - 3:25AM

Stop over paying for cars that's what drove the price up and dealers took advantage of very stupid people paying more for a second hand car than it cost new instead of keeping the car they had or buying a cheap one to keep them going . But no stupid people qued up to give away their money while dealers sold cars to each other so they could mark them up and take advantage

Terrence Robb (not verified)    April 2, 2025 - 4:10AM

I purchased a 2019 model 3 June of 19. I sold the vehicle Dec 21 for 39500 at car max with 45000 miles on it. The car was a base model small battery and only charged to 225 miles. My original cost was 42000 another 1500 pfp. Plus I got 3850 tax credit. You should have bought a Tesla at that time and sell couple years later but not any gas vehicle. Auto companies are moving away from Polluting vehicles

Scott (not verified)    April 2, 2025 - 10:25AM

This is nothing more than someone who doesn't have a clue how depreciation works. On top of that, she thinks she can sell it back for what she paid for it lol. That's not how it works. She's the type that doesn't shop around for a better deal and takes the first vehicle she sees. She overpaid for it in the first place. Plus, why wait to sell it just 5 days before moving? So she overpaid for a used RAV4, waited to sell it last minute, and doesn't understand that cars lose value very quickly, just to turn around and post herself complaining to tiktok....Sounds like it's a her problem, not a dealer problem.

Brent Curtis (not verified)    April 2, 2025 - 11:24AM

New cars have always lost between 40-60% of their value the second it goes into your name. This isn't a new thing, it's just how it's always been. When you sign the title, your car is now used and only commands "used" car prices. It's part of why it doesn't make financial sense to ever buy a "new" car, but used and take care of it and you might be able to sell it for at least what you paid for it in a couple of years

Brent Capp (not verified)    April 2, 2025 - 12:44PM

This article is not news worthy Boo hoo she loses $2000 on a car she over paid for. Nobody cares. Hand it over to the dealer and cut your losses. Youbought a premium brand vehicle at inflated prices.

Ad (not verified)    April 2, 2025 - 12:58PM

The dealership has to make a profit when selling it. Its costs them money to do a safety inspection and have the vehicle ready to sell. Operating costs of a business are not cheap and she had 5 days to sell it but decided to be lazy. If you want that price you have in your head then put the work in. The dealership will have to put effort in order to resell your vehicle too. Just becuase you bought at a high price doesnt mean you will sell at a high price. That should be simple for anyone to understand. Sometimes common sense can go a long ways, think about that before complaining.

John G (not verified)    April 2, 2025 - 1:20PM

This is how it's always been, no? You know, the whole buy a new car and when you drive it off the lot it immediately loses half its value. I understand that's a small exaggeration but seriously that's why folks always say buy used because the depreciation is already done.

Mic suckit (not verified)    April 2, 2025 - 2:34PM

Privileged little biiitchs who think because they are wealthy move to Hawaii and because she's privileged buys a new car and is upset because she can't recover daddy's money to move back to LA omg please just eat some led or get some aids dic please and die already

Steve (not verified)    April 2, 2025 - 4:40PM

Bought a 2020 Hybrid LE in 2022 with 44k miles. Paid 30k plus extended warranty. 90,000miles now. Will keep it until it stops running. 40 mpg! We had a loaded Hyundai Santa Fe with 50k miles and tranny went. Under warranty but we didn’t trust it.

Nik M (not verified)    April 2, 2025 - 6:12PM

Hey maybe next time don't buy something overpriced and try to sell it with no time on the clock. Nobody forces anyone to move to another State. You shoukd have included this in your decision to move in the plus and minuses. Don't blame Toyota that you bought an overpriced used car.

Phillip Lou (not verified)    April 2, 2025 - 7:55PM

that's standard response from any used car dealer. taking a used car from the punter with a much reduced offer works to their benefit. I can bet the next person coming along would face a much higher value should he/she is interested. an alternative is to ship the used car back, one still needs to get one's wheels eventually.

Dmitry (not verified)    April 3, 2025 - 2:12AM

Stop wasting money.
Find good and cheap (not official/branded by Toyota) service.
Change oil every 3000 miles.
Do what service recommend you.
Pay off full loan and don't take new for luxury of new cars, cause it's manipulative lie.
Drive this RAV4 till 2040 or even 2045 year.
It's much better to live without loan and with reliable var 10 years old, than with loan and car less than 10 years.
I tried both.
Toyota, Lexus and Subaru very reliable.

If you have repairs shop with very good prices or can fix car yourself, Ford and Vauxhall (diesel engine with Aisin automatics gearbox) fine too.

Reynout de Court (not verified)    April 3, 2025 - 4:50AM

Silly and entitled.
Silly because she did not ask for advice and bought when there was a shortage. Few cars available, high demand means high prices.
She also wants to sell in a hurry, when demand is low and supplies are high.
She thinks that Toyota can work for her for nothing.
Get a life, ditch the entitlement!!!