Toyota Tacoma Depreciation

A Toyota Tacoma will depreciate 29% after 5 years and have a 5 year resale value of $26,882.

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 $37,718 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 Calculator

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Toyota Tacoma Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $6,337 83.20% $31,381 12,000 2022
2 $7,166 81.00% $30,552 24,000 2023
3 $7,989 78.82% $29,729 36,000 2024
4 $8,060 78.63% $29,658 48,000 2025
5 $10,836 71.27% $26,882 60,000 2026
6 $13,548 64.08% $24,170 72,000 2027
7 $16,358 56.63% $21,360 84,000 2028
8 $16,709 55.70% $21,009 96,000 2029
9 $19,168 49.18% $18,550 108,000 2030
10 $20,194 46.46% $17,524 120,000 2031

Toyota Tacoma Depreciation

Years Old Depreciation Residual Value Resale Value
1 $6,337 83.20% $31,381
2 $7,166 81.00% $30,552
3 $7,989 78.82% $29,729
4 $8,060 78.63% $29,658
5 $10,836 71.27% $26,882
6 $13,548 64.08% $24,170
7 $16,358 56.63% $21,360
8 $16,709 55.70% $21,009
9 $19,168 49.18% $18,550
10 $20,194 46.46% $17,524

Buying a Toyota Tacoma New vs Used

If you purchase a used Toyota Tacoma that is 2 years old, then you could save $7,166 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 $3,670. 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 $1,445 per year. This adds up to around $7,225 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 2020 Toyota Tacoma is our top pick for the best model year value for the Tacoma. With the 2020, you would only pay, on average, 83% 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 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
2021 $37,718 $37,718 $236 $0 0% 100%
2020 $37,394 $31,384 $272 $6,334 16.79% 83.2% Best
2019 $36,747 $29,765 $330 $1,619 5.16% 81% Better
2018 $36,169 $28,930 $421 $835 2.81% 78.82% Better
2017 $35,977 $28,786 $498 $144 0.5% 78.63% Good
2016 $35,248 $25,737 $617 $3,049 10.59% 71.27% Good
2015 $33,670 $22,436 $861 $3,301 12.83% 64.08%
2014 $32,893 $19,585 $957 $2,851 12.71% 56.63%
2013 $32,550 $19,176 $1,047 $409 2.09% 55.7%
2012 $32,261 $17,046 $1,181 $2,130 11.11% 49.18%
2011 $32,624 $16,356 $1,198 $690 4.05% 46.46%
2010 $30,885 $15,271 $1,341 $1,085 6.63% 45.1%
2009 $28,717 $13,361 $1,548 $1,910 12.51% 41.14%
Year Price % Paid Value Rank
2021 $37,718 100%
2020 $31,384 83.2% Best
2019 $29,765 81% Better
2018 $28,930 78.82% Better
2017 $28,786 78.63% Good
2016 $25,737 71.27% Good
2015 $22,436 64.08%
2014 $19,585 56.63%
2013 $19,176 55.7%
2012 $17,046 49.18%
2011 $16,356 46.46%
2010 $15,271 45.1%
2009 $13,361 41.14%

Toyota Tacoma Depreciation Rankings

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.

Depreciation Rankings

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: