Toyota as a brand, does very well in maintaining its value, ranking 2nd in 3 and 5 years, and 3rd at 7 years of ownership. Toyota does so impressively with three models (4Runner, Tacoma, and RAV4) ranking in the Top 10 after 5 years. If you want a vehicle line that will hold its value over the long run, Toyota is, and has been, the one to beat. Toyotas are a safe bet new or used, but be prepared to pay a bit more for a pre-owned one compared to other makes.
The 2018 is our top pick for the best model year value for the Toyota vehicles. With the 2018, you would only pay, on average, 74% of the price as new, with 83% of the vehicle's useful life remaining. The 2017 and 2016 model years are also attractive years for the Toyota models, and provide a relatively good value. Our rankings consider multiple factors, including original new prices, current prices, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money with a Toyota model.
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We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.
While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.
If you would like to know more about our data and process, check out our FAQ here.