Toyota Camry Depreciation

A Toyota Camry will depreciate 42% after 5 years and have a 5 year resale value of $18,318.

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 $31,367 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.

If you purchase a used Toyota Camry that is 2 years old, then you could save $9,150 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 $3,899. 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.