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Toyota Highlander Depreciation
A Toyota Highlander will depreciate 40% after 5 years and have a 5 year resale value of $24,953.
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, and assumes a purchase price of $41,875 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.
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Toyota Highlander Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $7,810 | 81.35% | $34,065 | 13,500 | 2021 |
| 2 | $8,614 | 79.43% | $33,261 | 27,000 | 2022 |
| 3 | $10,247 | 75.53% | $31,628 | 40,500 | 2023 |
| 4 | $13,664 | 67.37% | $28,211 | 54,000 | 2024 |
| 5 | $16,922 | 59.59% | $24,953 | 67,500 | 2025 |
| 6 | $20,142 | 51.90% | $21,733 | 81,000 | 2026 |
| 7 | $23,366 | 44.20% | $18,509 | 94,500 | 2027 |
| 8 | $24,237 | 42.12% | $17,638 | 108,000 | 2028 |
| 9 | $26,235 | 37.35% | $15,640 | 121,500 | 2029 |
| 10 | $27,499 | 34.33% | $14,376 | 135,000 | 2030 |
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $7,810 | 81.35% | $34,065 |
| 2 | $8,614 | 79.43% | $33,261 |
| 3 | $10,247 | 75.53% | $31,628 |
| 4 | $13,664 | 67.37% | $28,211 |
| 5 | $16,922 | 59.59% | $24,953 |
| 6 | $20,142 | 51.90% | $21,733 |
| 7 | $23,366 | 44.20% | $18,509 |
| 8 | $24,237 | 42.12% | $17,638 |
| 9 | $26,235 | 37.35% | $15,640 |
| 10 | $27,499 | 34.33% | $14,376 |
If you purchase a used Toyota Highlander that is 2 years old, then you could save $8,614 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 $8,308. 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 2017 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 | $146 | $0 | 0% | 100% | |
| 2019 | $40,852 | $33,410 | $175 | $8,465 | 20.21% | 81.35% | Best |
| 2018 | $39,930 | $31,947 | $230 | $1,463 | 4.38% | 79.43% | Better |
| 2017 | $39,548 | $30,185 | $313 | $1,762 | 5.52% | 75.53% | Better |
| 2016 | $38,099 | $26,036 | $368 | $4,149 | 13.75% | 67.37% | Good |
| 2015 | $37,346 | $22,734 | $478 | $3,302 | 12.68% | 59.59% | Good |
| 2014 | $37,925 | $20,365 | $681 | $2,369 | 10.42% | 51.9% | |
| 2013 | $34,722 | $16,125 | $777 | $4,240 | 20.82% | 44.2% | |
| 2012 | $33,295 | $14,865 | $841 | $1,260 | 7.81% | 42.12% | |
| 2011 | $33,152 | $13,351 | $968 | $1,514 | 10.18% | 37.35% | |
| 2010 | $30,750 | $11,552 | $995 | $1,799 | 13.47% | 34.33% | |
| 2009 | $30,607 | $10,709 | $1,148 | $843 | 7.3% | 31.24% | |
| 2008 | $31,224 | $9,850 | $1,364 | $859 | 8.02% | 27.18% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2020 | $41,875 | 100% | |
| 2019 | $33,410 | 81.35% | Best |
| 2018 | $31,947 | 79.43% | Better |
| 2017 | $30,185 | 75.53% | Better |
| 2016 | $26,036 | 67.37% | Good |
| 2015 | $22,734 | 59.59% | Good |
| 2014 | $20,365 | 51.9% | |
| 2013 | $16,125 | 44.2% | |
| 2012 | $14,865 | 42.12% | |
| 2011 | $13,351 | 37.35% | |
| 2010 | $11,552 | 34.33% | |
| 2009 | $10,709 | 31.24% | |
| 2008 | $9,850 | 27.18% |
About Our Data and "Useful Lifespan"
We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.
While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.
If you would like to know more about our data and process, check out our FAQ here.
