Toyota Highlander Depreciation

A Toyota Highlander will depreciate 35% after 5 years and have a 5 year resale value of $27,674.

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 $6,282 85.18% $36,105 12,000 2022
2 $9,295 78.07% $33,092 24,000 2023
3 $10,300 75.70% $32,087 36,000 2024
4 $11,567 72.71% $30,820 48,000 2025
5 $14,713 65.29% $27,674 60,000 2026
6 $17,446 58.84% $24,941 72,000 2027
7 $20,659 51.26% $21,728 84,000 2028
8 $23,474 44.62% $18,913 96,000 2029
9 $24,898 41.26% $17,489 108,000 2030
10 $26,475 37.54% $15,912 120,000 2031

Toyota Highlander Depreciation

Years Old Depreciation Residual Value Resale Value
1 $6,282 85.18% $36,105
2 $9,295 78.07% $33,092
3 $10,300 75.70% $32,087
4 $11,567 72.71% $30,820
5 $14,713 65.29% $27,674
6 $17,446 58.84% $24,941
7 $20,659 51.26% $21,728
8 $23,474 44.62% $18,913
9 $24,898 41.26% $17,489
10 $26,475 37.54% $15,912

Buying a Toyota Highlander New vs Used

If you purchase a used Toyota Highlander that is 2 years old, then you could save $9,295 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 $5,418. 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 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, 85% 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 $230 $0 0% 100%
2020 $41,875 $35,930 $260 $6,457 15.23% 85.18% Best
2019 $40,852 $32,206 $314 $3,724 10.36% 78.07% Better
2018 $39,930 $30,626 $398 $1,580 4.91% 75.7% Better
2017 $39,548 $29,207 $452 $1,419 4.63% 72.71% Good
2016 $38,099 $25,437 $563 $3,770 12.91% 65.29% Good
2015 $37,346 $22,740 $766 $2,697 10.6% 58.84%
2014 $37,925 $20,301 $862 $2,439 10.73% 51.26%
2013 $34,722 $16,418 $926 $3,883 19.13% 44.62%
2012 $33,295 $14,789 $1,052 $1,629 9.92% 41.26%
2011 $33,152 $13,524 $1,080 $1,265 8.55% 37.54%
2010 $30,750 $11,653 $1,232 $1,871 13.83% 33.89%
2009 $30,607 $10,743 $1,448 $910 7.81% 30.37%
Year Price % Paid Value Rank
2021 $42,387 100%
2020 $35,930 85.18% Best
2019 $32,206 78.07% Better
2018 $30,626 75.7% Better
2017 $29,207 72.71% Good
2016 $25,437 65.29% Good
2015 $22,740 58.84%
2014 $20,301 51.26%
2013 $16,418 44.62%
2012 $14,789 41.26%
2011 $13,524 37.54%
2010 $11,653 33.89%
2009 $10,743 30.37%

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: