Toyota Camry Depreciation

A Toyota Camry will depreciate 24% after 5 years and have a 5 year resale value of $26,474.

The Toyota Camry, being one of the best-selling cars in the country for years and years, depreciates right about in the middle of the pack. They are reliable and well-built, but there are loads of them on the market, so that keeps prices down. They are also very popular with rental companies, so if you buy a used Camry, there is a decent chance that it was sold an auction when the rental company turned it in. This isn't necessarily a bad thing, but rental cars can be ridden hard, and sometimes abused, so ask your salesperson about the history of the one that interests you.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $34,935 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Toyota Camry.

Toyota Camry Depreciation Calculator

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Current Price
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Toyota Camry Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,672 89.49% $31,263 12,000 2022
2 $4,542 87.00% $30,393 24,000 2023
3 $5,240 85.00% $29,695 36,000 2024
4 $5,939 83.00% $28,996 48,000 2025
5 $8,461 75.78% $26,474 60,000 2026
6 $10,791 69.11% $24,144 72,000 2027
7 $12,507 64.20% $22,428 84,000 2028
8 $14,068 59.73% $20,867 96,000 2029
9 $16,011 54.17% $18,924 108,000 2030
10 $17,006 51.32% $17,929 120,000 2031

Toyota Camry Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,672 89.49% $31,263
2 $4,542 87.00% $30,393
3 $5,240 85.00% $29,695
4 $5,939 83.00% $28,996
5 $8,461 75.78% $26,474
6 $10,791 69.11% $24,144
7 $12,507 64.20% $22,428
8 $14,068 59.73% $20,867
9 $16,011 54.17% $18,924
10 $17,006 51.32% $17,929

Buying a Toyota Camry New vs Used

If you purchase a used Toyota Camry that is 2 years old, then you could save $4,542 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $3,919. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Camry models become available.

What About Toyota Camry Insurance Costs?

The average cost to insure a Toyota Camry is about $1,474 per year. This adds up to around $7,370 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Toyota Camry. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Toyota Camry

The 2021 Toyota Camry is our top pick for the best model year value for the Camry. With the 2021, you would only pay, on average, 89% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the Camry, and provide a relatively good value. Our rankings consider multiple factors, including the Camry's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Toyota Camry models.

Toyota Camry Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $34,935 $34,935 $173 $0 0% 100%
2021 $34,772 $31,315 $196 $3,620 10.36% 89.49% Best
2020 $28,090 $24,438 $233 $6,877 21.96% 87% Better
2019 $28,008 $23,807 $292 $631 2.58% 85% Better
2018 $27,937 $23,188 $341 $619 2.6% 83%
2017 $26,024 $20,138 $418 $3,050 13.15% 75.78% Good
2016 $26,024 $18,558 $574 $1,580 7.85% 69.11% Good
2015 $25,976 $17,312 $636 $1,246 6.71% 64.2%
2014 $25,307 $15,810 $694 $1,502 8.68% 59.73%
2013 $25,192 $14,426 $780 $1,384 8.75% 54.17%
2012 $24,939 $13,590 $791 $836 5.8% 51.32%
2011 $24,021 $11,153 $883 $2,437 17.93% 42.75%
2010 $23,129 $9,891 $1,016 $1,262 11.32% 38.37%
Year Price % Paid Value Rank
2022 $34,935 100%
2021 $31,315 89.49% Best
2020 $24,438 87% Better
2019 $23,807 85% Better
2018 $23,188 83%
2017 $20,138 75.78% Good
2016 $18,558 69.11% Good
2015 $17,312 64.2%
2014 $15,810 59.73%
2013 $14,426 54.17%
2012 $13,590 51.32%
2011 $11,153 42.75%
2010 $9,891 38.37%

Toyota Camry Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Toyota Camry ranks for Depreciation compared to other vehicles. Also check out how the Camry stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Toyota Camry Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Toyota Camry costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: