Toyota Highlander Depreciation

A Toyota Highlander will depreciate 35% after 5 years and have a 5 year resale value of $27,543.

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 $42,387 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 $7,642 81.97% $34,745 12,000 2022
2 $9,681 77.16% $32,706 24,000 2023
3 $12,004 71.68% $30,383 36,000 2024
4 $12,318 70.94% $30,069 48,000 2025
5 $14,844 64.98% $27,543 60,000 2026
6 $18,451 56.47% $23,936 72,000 2027
7 $20,791 50.95% $21,596 84,000 2028
8 $24,385 42.47% $18,002 96,000 2029
9 $26,263 38.04% $16,124 108,000 2030
10 $27,123 36.01% $15,264 120,000 2031

Toyota Highlander Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,642 81.97% $34,745
2 $9,681 77.16% $32,706
3 $12,004 71.68% $30,383
4 $12,318 70.94% $30,069
5 $14,844 64.98% $27,543
6 $18,451 56.47% $23,936
7 $20,791 50.95% $21,596
8 $24,385 42.47% $18,002
9 $26,263 38.04% $16,124
10 $27,123 36.01% $15,264

Buying a Toyota Highlander New vs Used

If you purchase a used Toyota Highlander that is 2 years old, then you could save $9,681 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 $5,163. 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 $1,604 per year. This adds up to around $8,020 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 2020 Toyota Highlander is our top pick for the best model year value for the Highlander. With the 2020, you would only pay, on average, 82% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 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
2021 $42,387 $42,387 $225 $0 0% 100%
2020 $41,875 $34,583 $256 $7,804 18.41% 81.97% Best
2019 $40,852 $31,828 $306 $2,755 7.97% 77.16% Better
2018 $39,930 $29,005 $385 $2,823 8.87% 71.68% Better
2017 $39,548 $28,506 $451 $499 1.72% 70.94% Good
2016 $38,099 $25,312 $556 $3,194 11.2% 64.98%
2015 $37,346 $21,855 $767 $3,457 13.66% 56.47% Good
2014 $37,925 $20,172 $851 $1,683 7.7% 50.95%
2013 $34,722 $15,676 $929 $4,496 22.29% 42.47%
2012 $33,295 $13,710 $1,045 $1,966 12.54% 38.04%
2011 $33,152 $12,998 $1,060 $712 5.19% 36.01%
2010 $30,750 $10,750 $1,184 $2,248 17.29% 31.11%
2009 $30,607 $9,978 $1,364 $772 7.18% 28.14%
Year Price % Paid Value Rank
2021 $42,387 100%
2020 $34,583 81.97% Best
2019 $31,828 77.16% Better
2018 $29,005 71.68% Better
2017 $28,506 70.94% Good
2016 $25,312 64.98%
2015 $21,855 56.47% Good
2014 $20,172 50.95%
2013 $15,676 42.47%
2012 $13,710 38.04%
2011 $12,998 36.01%
2010 $10,750 31.11%
2009 $9,978 28.14%

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: