Toyota Highlander Depreciation

A Toyota Highlander will depreciate 35% after 5 years and have a 5 year resale value of $31,018.

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 $47,964 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 $7,554 84.25% $40,410 12,000 2025
2 $10,140 78.86% $37,824 24,000 2026
3 $11,267 76.51% $36,697 36,000 2027
4 $13,886 71.05% $34,078 48,000 2028
5 $16,946 64.67% $31,018 60,000 2029
6 $18,677 61.06% $29,287 72,000 2030
7 $20,783 56.67% $27,181 84,000 2031
8 $23,435 51.14% $24,529 96,000 2032
9 $25,311 47.23% $22,653 108,000 2033
10 $26,476 44.80% $21,488 120,000 2034

Toyota Highlander Depreciation

Years Old Depreciation Residual Value Resale Value
1 $7,554 84.25% $40,410
2 $10,140 78.86% $37,824
3 $11,267 76.51% $36,697
4 $13,886 71.05% $34,078
5 $16,946 64.67% $31,018
6 $18,677 61.06% $29,287
7 $20,783 56.67% $27,181
8 $23,435 51.14% $24,529
9 $25,311 47.23% $22,653
10 $26,476 44.80% $21,488

Buying a Toyota Highlander New vs Used

If you purchase a used Toyota Highlander that is 2 years old, then you could save $10,140 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 $6,806. 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 $2,315 per year. This adds up to around $11,575 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 2023 Toyota Highlander is our top pick for the best model year value for the Highlander. With the 2023, you would only pay, on average, 84% of the price as new, with 92% of the vehicle's useful life remaining. The 2022 and 2021 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
2024 $47,964 $47,964 $265 $0 0% 100%
2023 $46,156 $38,887 $305 $9,077 18.92% 84.25% Best
2022 $45,959 $36,243 $368 $2,644 6.8% 78.86% Better
2021 $45,899 $35,119 $470 $1,124 3.1% 76.51% Better
2020 $45,395 $32,251 $554 $2,868 8.17% 71.05% Good
2019 $44,149 $28,553 $687 $3,698 11.47% 64.67% Good
2018 $43,541 $26,586 $789 $1,967 6.89% 61.06%
2017 $42,978 $24,355 $829 $2,231 8.39% 56.67%
2016 $41,816 $21,383 $855 $2,972 12.2% 51.14%
2015 $41,022 $19,376 $891 $2,007 9.39% 47.23%
2014 $40,507 $18,148 $943 $1,228 6.34% 44.8%
2013 $36,678 $14,780 $1,024 $3,368 18.56% 40.3%
2012 $34,646 $13,694 $1,104 $1,086 7.35% 39.53%
Year Price % Paid Value Rank
2024 $47,964 100%
2023 $38,887 84.25% Best
2022 $36,243 78.86% Better
2021 $35,119 76.51% Better
2020 $32,251 71.05% Good
2019 $28,553 64.67% Good
2018 $26,586 61.06%
2017 $24,355 56.67%
2016 $21,383 51.14%
2015 $19,376 47.23%
2014 $18,148 44.8%
2013 $14,780 40.3%
2012 $13,694 39.53%

Toyota Highlander 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.

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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