Toyota Highlander Depreciation

A Toyota Highlander will depreciate 41% after 5 years and have a 5 year resale value of $24,861.

The Toyota Highlander does a fantastic job holding its value in the short-term, and places in our top 20 models at the 3 and 5-year marks. Value retention slip by year 7, but it's still in the upper quartile. 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 13,500 miles per year. It also assumes a selling price of $41,875 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $7,893 81.15% $33,982 13,500 2021
2 $8,702 79.22% $33,173 27,000 2022
3 $10,335 75.32% $31,540 40,500 2023
4 $13,756 67.15% $28,119 54,000 2024
5 $17,014 59.37% $24,861 67,500 2025
6 $20,234 51.68% $21,641 81,000 2026
7 $23,467 43.96% $18,408 94,500 2027
8 $24,342 41.87% $17,533 108,000 2028
9 $26,339 37.10% $15,536 121,500 2029
10 $27,612 34.06% $14,263 135,000 2030

Toyota Highlander Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,893 81.15% $33,982
2 $8,702 79.22% $33,173
3 $10,335 75.32% $31,540
4 $13,756 67.15% $28,119
5 $17,014 59.37% $24,861
6 $20,234 51.68% $21,641
7 $23,467 43.96% $18,408
8 $24,342 41.87% $17,533
9 $26,339 37.10% $15,536
10 $27,612 34.06% $14,263

Toyota Highlander Depreciation Calculator

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If you purchase a used Toyota Highlander that is 2 years old, then you could save $8,702 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 $8,312. 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.

The Best Model Years to Buy a Toyota Highlander

The 2019 Toyota Highlander is our top pick for the best model year value for the Highlander. With the 2019, you would only pay, on average, 81% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2020 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
2020 $41,875 $41,875 $229 $0 0% 100% Better
2019 $40,852 $33,410 $258 $8,465 20.21% 81.15% Best
2018 $39,930 $31,947 $313 $1,463 4.38% 79.22% Better
2017 $39,548 $30,185 $396 $1,762 5.52% 75.32% Good
2016 $38,099 $26,036 $451 $4,149 13.75% 67.15% Good
2015 $37,346 $22,734 $562 $3,302 12.68% 59.37%
2014 $37,925 $20,365 $765 $2,369 10.42% 51.68%
2013 $34,722 $16,125 $861 $4,240 20.82% 43.96%
2012 $33,295 $14,865 $924 $1,260 7.81% 41.87%
2011 $33,152 $13,351 $1,051 $1,514 10.18% 37.1%
2010 $30,750 $11,552 $1,079 $1,799 13.47% 34.06%
2009 $30,607 $10,709 $1,231 $843 7.3% 30.97%
2008 $31,224 $9,850 $1,447 $859 8.02% 26.91%
Year Price % Paid Value Rank
2020 $41,875 100% Better
2019 $33,410 81.15% Best
2018 $31,947 79.22% Better
2017 $30,185 75.32% Good
2016 $26,036 67.15% Good
2015 $22,734 59.37%
2014 $20,365 51.68%
2013 $16,125 43.96%
2012 $14,865 41.87%
2011 $13,351 37.1%
2010 $11,552 34.06%
2009 $10,709 30.97%
2008 $9,850 26.91%

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: