Toyota Tacoma Depreciation
A Toyota Tacoma will depreciate 28% after 5 years and have a 5 year resale value of $33,691.
The Toyota Tacoma mid-size pick-up is perhaps the best vehicle on the road for holding its value. It offers exceptional value, both as a new purchase, and as a used vehicle. With practicality, reliability and good value, the Tacoma is a tough vehicle to beat in terms of all around greatness.
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 $46,735 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 Tacoma.
Toyota Tacoma Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $2,290 | 95.10% | $44,445 | 12,000 | 2025 |
| 2 | $5,996 | 87.17% | $40,739 | 24,000 | 2026 |
| 3 | $7,795 | 83.32% | $38,940 | 36,000 | 2027 |
| 4 | $10,885 | 76.71% | $35,850 | 48,000 | 2028 |
| 5 | $13,044 | 72.09% | $33,691 | 60,000 | 2029 |
| 6 | $14,997 | 67.91% | $31,738 | 72,000 | 2030 |
| 7 | $16,754 | 64.15% | $29,981 | 84,000 | 2031 |
| 8 | $19,002 | 59.34% | $27,733 | 96,000 | 2032 |
| 9 | $20,320 | 56.52% | $26,415 | 108,000 | 2033 |
| 10 | $24,517 | 47.54% | $22,218 | 120,000 | 2034 |
Toyota Tacoma Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $2,290 | 95.10% | $44,445 |
| 2 | $5,996 | 87.17% | $40,739 |
| 3 | $7,795 | 83.32% | $38,940 |
| 4 | $10,885 | 76.71% | $35,850 |
| 5 | $13,044 | 72.09% | $33,691 |
| 6 | $14,997 | 67.91% | $31,738 |
| 7 | $16,754 | 64.15% | $29,981 |
| 8 | $19,002 | 59.34% | $27,733 |
| 9 | $20,320 | 56.52% | $26,415 |
| 10 | $24,517 | 47.54% | $22,218 |
Buying a Toyota Tacoma New vs Used
If you purchase a used Toyota Tacoma that is 2 years old, then you could save $5,996 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 $7,048. 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 Tacoma models become available.
What About Toyota Tacoma Insurance Costs?
The average cost to insure a Toyota Tacoma is about $1,969 per year. This adds up to around $9,845 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 Tacoma. 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 Tacoma
The 2024 Toyota Tacoma is our top pick for the best model year value for the Tacoma. With the 2024, you would only pay, on average, 100% of the price as new, with 100% of the vehicle's useful life remaining. The 2023 and 2022 model years are also attractive years for the Tacoma, and provide a relatively good value. Our rankings consider multiple factors, including the Tacoma'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 Tacoma models.
Toyota Tacoma Historical Depreciation
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2024 | $46,735 | $46,735 | $286 | $0 | 0% | 100% | Best |
| 2023 | $42,937 | $40,832 | $332 | $5,903 | 12.63% | 95.1% | Better |
| 2022 | $41,774 | $36,413 | $405 | $4,419 | 10.82% | 87.17% | Better |
| 2021 | $41,230 | $34,352 | $522 | $2,061 | 5.66% | 83.32% | Good |
| 2020 | $43,233 | $33,162 | $619 | $1,190 | 3.46% | 76.71% | Good |
| 2019 | $42,316 | $30,506 | $771 | $2,656 | 8.01% | 72.09% | |
| 2018 | $40,530 | $27,524 | $889 | $2,982 | 9.78% | 67.91% | |
| 2017 | $40,048 | $25,691 | $935 | $1,833 | 6.66% | 64.15% | |
| 2016 | $35,431 | $22,790 | $966 | $2,901 | 11.29% | 64.32% | |
| 2015 | $34,848 | $19,697 | $1,007 | $3,093 | 13.57% | 56.52% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2024 | $46,735 | 100% | Best |
| 2023 | $40,832 | 95.1% | Better |
| 2022 | $36,413 | 87.17% | Better |
| 2021 | $34,352 | 83.32% | Good |
| 2020 | $33,162 | 76.71% | Good |
| 2019 | $30,506 | 72.09% | |
| 2018 | $27,524 | 67.91% | |
| 2017 | $25,691 | 64.15% | |
| 2016 | $22,790 | 64.32% | |
| 2015 | $19,697 | 56.52% |
Toyota Tacoma Depreciation Rankings
We've ranked over 200 models from best to worst for Depreciation. See where the Toyota Tacoma ranks for Depreciation compared to other vehicles. Also check out how the Tacoma stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other Toyota Tacoma 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 Tacoma 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:
Toyota Tacomas For Sale
2022 Toyota Tacoma TRD Off Road
$33,503
2021 Toyota Tacoma Limited
$37,000
2019 Toyota Tacoma SR
$22,390
Related Articles
Do Electric And Hybrid Cars Hold Their Value?
The 10 Cars, Trucks, and SUVs with the Best Resale Value in 2024
5 Trucks with the Worst Depreciation
