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 |
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: