The 2023 Toyota 4Runner Has 1 Expensive Disadvantage
There are plenty of reasons to buy the Toyota 4Runner because it’s a solid investment. It’s durable, reliable, and has an excellent resale value. However, the 2023 Toyota 4Runner is secretly expensive to run.
How expensive is the 2023 Toyota 4Runner to run?
The 2023 Toyota 4Runner is the most expensive SUV to run annually. It costs about $6,929 to run, and Zubtobi provided this figure based on the cost of gas per mile, the total cost of gas per year, and the cost of insurance.
On the list of the most expensive vehicles to run, the 4Runner landed in third place. It only falls behind the Ford F-150 Raptor and the GMC Sierra 1500. It’s actually cheaper to use the Chevy Silverado 1500 or the Toyota Tundra.
But these figures are based on 2022. With the rising cost of inflation, fuel, and ongoing supply chain shortages, the 2023 4Runner could be even more expensive to run.
It costs the 2022 4Runner about $0.42 per mile, while the yearly price of gas rings in at about $5,344. Also, in 2022, insurance rates for the 4Runner hovered at around $1,585.
Is the 4Runner expensive to insure?
The 2023 Toyota 4Runner has a slightly above-average cost to insure. This is because off-roading vehicles with 4×4 systems can be more difficult and more expensive to repair. Also, vehicles designed for high-speed or off-roading have a higher risk of accidents.
Because the 4Runner is well-equipped for tackling the wild, people may want to take it off the pavement. Think about the tailpipe, tires, axles, shocks, bumpers, paint, headlights, and other items that can break in the wild.
Also, the price of vehicle insurance varies by state. States like Florida and Michigan have higher rates. Your age and history could impact your rates as well. For example, insurance is more expensive for teens!
Insurance isn’t the most expensive factor for the 4Runner. The gas cost is much higher. It doesn’t help that the 2023 Toyota 4Runner only gets an EPA-estimated 16 mpg in the city and up to 19 mpg on the highway.
If you add 4×4, then those figures could decrease by one or two miles per gallon because it makes the vehicle heavier. Also, be prepared to burn more fuel while off-roading. Going slow and climbing makes the 4Runner extra thirsty.
Plus, the 4runner has a premium price tag. Vehicles that have a higher price tag are often more expensive to insure.
How much does the 2023 4Runner cost?
You can get started with the 2023 Toyota 4Runner for about $39,555, but the range-topping TRD Pro model increases the price to $54,020. These are the MSRPs, so the prices don’t include the $1,335 destination fee or dealership markups.
The Jeep Grand Cherokee L starts at $43,035, so the 4Runner has a competitive price in the three-row off-roading vehicle market. Also, the more casual Kia Telluride starts at $35,890.
While the 4Runner may be more expensive to run, it can provide savings in the long run. It’s incredibly reliable, with the ability to last for years. Plus, it has an excellent resale value.
Perhaps the new 2024 Toyota 4Runner will do a little better on gas with a new engine and updated transmission.
