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Toyota Highlander Depreciation
A Toyota Highlander will depreciate 40% after 5 years and have a 5 year resale value of $29,060.
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 13,500 miles per year. It also assumes a selling price of $48,702 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 | $9,453 | 80.59% | $39,249 | 13,500 | 2026 |
| 2 | $12,887 | 73.54% | $35,815 | 27,000 | 2027 |
| 3 | $15,439 | 68.30% | $33,263 | 40,500 | 2028 |
| 4 | $18,078 | 62.88% | $30,624 | 54,000 | 2029 |
| 5 | $19,642 | 59.67% | $29,060 | 67,500 | 2030 |
| 6 | $22,004 | 54.82% | $26,698 | 81,000 | 2031 |
| 7 | $24,468 | 49.76% | $24,234 | 94,500 | 2032 |
| 8 | $26,582 | 45.42% | $22,120 | 108,000 | 2033 |
| 9 | $27,911 | 42.69% | $20,791 | 121,500 | 2034 |
| 10 | $29,470 | 39.49% | $19,232 | 135,000 | 2035 |
Toyota Highlander Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $9,453 | 80.59% | $39,249 |
| 2 | $12,887 | 73.54% | $35,815 |
| 3 | $15,439 | 68.30% | $33,263 |
| 4 | $18,078 | 62.88% | $30,624 |
| 5 | $19,642 | 59.67% | $29,060 |
| 6 | $22,004 | 54.82% | $26,698 |
| 7 | $24,468 | 49.76% | $24,234 |
| 8 | $26,582 | 45.42% | $22,120 |
| 9 | $27,911 | 42.69% | $20,791 |
| 10 | $29,470 | 39.49% | $19,232 |
Help me understand
Buying a Toyota Highlander New vs Used
If you purchase a used Toyota Highlander that is 2 years old, then you could save $12,887 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 $6,755. 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 $2,411 per year. This adds up to around $12,055 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 2024 Toyota Highlander is our top pick for the best model year value for the Highlander. With the 2024, you would only pay, on average, 81% of the price as new, with 92% of the vehicle's useful life remaining. The 2023 and 2022 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 |
|---|---|---|---|---|---|---|---|
| 2025 | $48,702 | $48,702 | $283 | $0 | 0% | 100% | |
| 2024 | $49,216 | $39,664 | $319 | $9,038 | 18.56% | 80.59% | Best |
| 2023 | $48,488 | $35,658 | $390 | $4,006 | 10.1% | 73.54% | Better |
| 2022 | $47,133 | $32,190 | $483 | $3,468 | 9.73% | 68.3% | Better |
| 2021 | $46,031 | $28,945 | $573 | $3,245 | 10.08% | 62.88% | Good |
| 2020 | $45,620 | $27,220 | $736 | $1,725 | 5.96% | 59.67% | Good |
| 2019 | $43,126 | $23,641 | $809 | $3,579 | 13.15% | 54.82% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2025 | $48,702 | 100% | |
| 2024 | $39,664 | 80.59% | Best |
| 2023 | $35,658 | 73.54% | Better |
| 2022 | $32,190 | 68.3% | Better |
| 2021 | $28,945 | 62.88% | Good |
| 2020 | $27,220 | 59.67% | Good |
| 2019 | $23,641 | 54.82% |
Toyota Highlander Depreciation Rankings
We've ranked over 300 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.
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:
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