Toyota Prius Depreciation

A Toyota Prius will depreciate 40% after 5 years and have a 5 year resale value of $21,894.

Toyota Prius owners are proud and loyal, and they love driving their hybrids around town. Unlike most hybrid models, the Prius actually holds its value quite well, relative to its peers. Even when compared to tradition fuel vehicles, the Prius rates somewhat above average in terms of depreciation, but do Prius owners really care? The Prius is the modern-day version of what the VW Beetle was in the 70's, an iconic symbol of peace, love and harmony. Check the batteries before you buy, however, as they are an expensive replacement if they are shot.

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 $36,315 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 Prius.

If you purchase a used Toyota Prius that is 2 years old, then you could save $10,626 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 $3,795. 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 Prius models become available.