Toyota Tacoma Depreciation

A Toyota Tacoma will depreciate 28% after 5 years and have a 5 year resale value of $35,191.

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.

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Toyota Tacoma Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles
This calculator is for illustrative and educational purposes only. Its accuracy and applicability to your circumstances is not guaranteed. You may wish to consult your own adviser regarding your particular circumstances.
0%10%20%30%40%50%60%70%80%90%100%012345678910Toyota Tacoma Depreciation(Age of Vehicle in Years)

Toyota Tacoma Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $2,027 95.66% $44,708 6,000 2025
2 $5,307 88.65% $41,428 12,000 2026
3 $6,899 85.24% $39,836 18,000 2027
4 $9,633 79.39% $37,102 24,000 2028
5 $11,544 75.30% $35,191 30,000 2029
6 $13,272 71.60% $33,463 36,000 2030
7 $14,827 68.27% $31,908 42,000 2031
8 $16,817 64.02% $29,918 48,000 2032
9 $17,983 61.52% $28,752 54,000 2033
10 $21,698 53.57% $25,037 60,000 2034

Toyota Tacoma Depreciation

Years Old Depreciation Residual Value Resale Value
1 $2,027 95.66% $44,708
2 $5,307 88.65% $41,428
3 $6,899 85.24% $39,836
4 $9,633 79.39% $37,102
5 $11,544 75.30% $35,191
6 $13,272 71.60% $33,463
7 $14,827 68.27% $31,908
8 $16,817 64.02% $29,918
9 $17,983 61.52% $28,752
10 $21,698 53.57% $25,037

Buying a Toyota Tacoma New vs Used

Considering buying a new Toyota Tacoma? If you plan to keep this vehicle for 5 years then your total cost of depreciation would be $11,544. 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

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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.

0%10%20%30%40%50%60%70%80%90%100%2015201620172018201920202021202220232024Toyota Tacoma Depreciation CurveBest ValueBetter ValueBetter Value202420232022

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

2008 Toyota Tacoma Base

Mileage: 145,437
Mileage: 145,437     Price: $13,999
Location: Columbus, OH ~ 3 miles away
Dealer: El Camino Auto Sales
Days on Market: 471

$13,999


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