Toyota Highlander Depreciation

A Toyota Highlander will depreciate 21% after 5 years and have a 5 year resale value of $36,496.

The Toyota Highlander does a fantastic job holding its value in the short-term, and places in our top 20 models at the 3, 5, and 7-year marks. For those looking in this vehicle class, the Highlander provides excellent value, and you can feel confident in your purchase, whether new or used.

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 $45,959 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 Highlander.

Toyota Highlander Depreciation Calculator

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Toyota Highlander Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,621 87.77% $40,338 12,000 2022
2 $5,676 87.65% $40,283 24,000 2023
3 $6,278 86.34% $39,681 36,000 2024
4 $6,540 85.77% $39,419 48,000 2025
5 $9,463 79.41% $36,496 60,000 2026
6 $12,464 72.88% $33,495 72,000 2027
7 $15,382 66.53% $30,577 84,000 2028
8 $18,531 59.68% $27,428 96,000 2029
9 $22,253 51.58% $23,706 108,000 2030
10 $23,825 48.16% $22,134 120,000 2031

Toyota Highlander Depreciation

Years Old Depreciation Residual Value Resale Value
1 $5,621 87.77% $40,338
2 $5,676 87.65% $40,283
3 $6,278 86.34% $39,681
4 $6,540 85.77% $39,419
5 $9,463 79.41% $36,496
6 $12,464 72.88% $33,495
7 $15,382 66.53% $30,577
8 $18,531 59.68% $27,428
9 $22,253 51.58% $23,706
10 $23,825 48.16% $22,134

Buying a Toyota Highlander New vs Used

If you purchase a used Toyota Highlander that is 2 years old, then you could save $5,676 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 $3,787. 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 Highlander models become available.

What About Toyota Highlander Insurance Costs?

The average cost to insure a Toyota Highlander is about $1,752 per year. This adds up to around $8,760 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 Highlander. 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 Highlander

The 2021 Toyota Highlander is our top pick for the best model year value for the Highlander. With the 2021, you would only pay, on average, 88% 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 Highlander, and provide a relatively good value. Our rankings consider multiple factors, including the Highlander'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 Highlander models.

Toyota Highlander Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $45,959 $45,959 $232 $0 0% 100%
2021 $45,899 $40,547 $263 $5,412 11.78% 87.77% Best
2020 $41,875 $37,018 $313 $3,529 8.7% 87.65% Better
2019 $40,852 $35,663 $392 $1,355 3.66% 86.34% Better
2018 $39,930 $34,707 $459 $956 2.68% 85.77% Good
2017 $39,548 $31,968 $563 $2,739 7.89% 79.41% Good
2016 $38,099 $28,540 $774 $3,428 10.72% 72.88%
2015 $37,346 $25,703 $858 $2,837 9.94% 66.53%
2014 $37,925 $23,569 $936 $2,134 8.3% 59.68%
2013 $34,722 $18,963 $1,052 $4,606 19.54% 51.58%
2012 $33,295 $17,102 $1,067 $1,861 9.81% 48.16%
2011 $33,152 $15,865 $1,191 $1,237 7.23% 44.26%
2010 $30,750 $14,084 $1,371 $1,781 11.23% 41.34%
Year Price % Paid Value Rank
2022 $45,959 100%
2021 $40,547 87.77% Best
2020 $37,018 87.65% Better
2019 $35,663 86.34% Better
2018 $34,707 85.77% Good
2017 $31,968 79.41% Good
2016 $28,540 72.88%
2015 $25,703 66.53%
2014 $23,569 59.68%
2013 $18,963 51.58%
2012 $17,102 48.16%
2011 $15,865 44.26%
2010 $14,084 41.34%

Toyota Highlander Depreciation Rankings

Depreciation Rankings

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

Depreciation Rankings

Other Toyota Highlander 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 Highlander 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: