Toyota Tundra Depreciation

A Toyota Tundra will depreciate 36% after 5 years and have a 5 year resale value of $41,223.

Toyota's full-size pick-up, the Tundra does very well holding its value, and is right there with GM, Chevy and Ford. In fact, the Tundra is in the Top 10 of all vehicles at the 5 and 7-year mark, and should definitely be considered when looking for a half-ton pick-up that makes financial sense.

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 $64,796 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 Tundra.

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Toyota Tundra Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
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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.

Toyota Tundra Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $9,078 85.99% $55,718 12,000 2025
2 $10,316 84.08% $54,480 24,000 2026
3 $16,614 74.36% $48,182 36,000 2027
4 $20,229 68.78% $44,567 48,000 2028
5 $23,573 63.62% $41,223 60,000 2029
6 $26,664 58.85% $38,132 72,000 2030
7 $29,521 54.44% $35,275 84,000 2031
8 $32,165 50.36% $32,631 96,000 2032
9 $34,614 46.58% $30,182 108,000 2033
10 $36,875 43.09% $27,921 120,000 2034

Toyota Tundra Depreciation

Years Old Depreciation Residual Value Resale Value
1 $9,078 85.99% $55,718
2 $10,316 84.08% $54,480
3 $16,614 74.36% $48,182
4 $20,229 68.78% $44,567
5 $23,573 63.62% $41,223
6 $26,664 58.85% $38,132
7 $29,521 54.44% $35,275
8 $32,165 50.36% $32,631
9 $34,614 46.58% $30,182
10 $36,875 43.09% $27,921

Buying a Toyota Tundra New vs Used

If you purchase a used Toyota Tundra that is 2 years old, then you could save $10,316 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 $13,257. 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 Tundra models become available.

What About Toyota Tundra Insurance Costs?

The average cost to insure a Toyota Tundra is about $2,268 per year. This adds up to around $11,340 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 Tundra. 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 Tundra

The 2023 Toyota Tundra is our top pick for the best model year value for the Tundra. With the 2023, you would only pay, on average, 86% of the price as new, with 92% of the vehicle's useful life remaining. The 2021 and 2024 model years are also attractive years for the Tundra, and provide a relatively good value. Our rankings consider multiple factors, including the Tundra'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 Tundra models.

Toyota Tundra Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2024 $64,796 $64,796 $305 $0 0% 100% Better
2023 $64,333 $55,322 $351 $9,474 14.62% 85.99% Best
2022 $56,986 $47,913 $424 $7,409 13.39% 84.08% Good
2021 $56,849 $42,272 $541 $5,641 11.77% 74.36% Better
2020 $52,875 $39,435 $638 $2,837 6.71% 74.58% Good
2019 $51,380 $36,196 $790 $3,239 8.21% 70.45%
2018 $50,102 $32,488 $909 $3,708 10.24% 64.84%
2017 $50,524 $30,049 $954 $2,439 7.51% 59.47%
2016 $49,885 $27,931 $985 $2,118 7.05% 55.99%
2015 $49,809 $26,020 $1,026 $1,911 6.84% 52.24%
2014 $47,549 $22,605 $1,086 $3,415 13.12% 47.54%
2013 $45,463 $19,512 $1,179 $3,093 13.68% 42.92%
2012 $43,118 $18,289 $1,271 $1,223 6.27% 42.42%
Year Price % Paid Value Rank
2024 $64,796 100% Better
2023 $55,322 85.99% Best
2022 $47,913 84.08% Good
2021 $42,272 74.36% Better
2020 $39,435 74.58% Good
2019 $36,196 70.45%
2018 $32,488 64.84%
2017 $30,049 59.47%
2016 $27,931 55.99%
2015 $26,020 52.24%
2014 $22,605 47.54%
2013 $19,512 42.92%
2012 $18,289 42.42%

Toyota Tundra Depreciation Rankings


We've ranked over 200 models from best to worst for Depreciation. See where the Toyota Tundra ranks for Depreciation compared to other vehicles. Also check out how the Tundra stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Other Toyota Tundra 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 Tundra 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 Tundras For Sale

2016 Toyota Tundra SR5

Mileage: 66,493
Mileage: 66,493     Price: $31,950
Location: Sterling, VA ~ 4 miles away
Dealer: Easterns Automotive Group
Days on Market: 35
Colors (ext/int): Silver(Silver) / Gray

$31,950


2022 Toyota Tundra Limited

Mileage: 31,394
Mileage: 31,394     Price: $46,860
Location: Leesburg, VA ~ 5 miles away
Dealer: Autonation Toyota Leesburg
Days on Market: 48
Colors (ext/int): Smoked Mesquite / Black
Toyota Certified Pre-Owned Tundra

$46,860


2010 Toyota Tundra Tundra Grade

Mileage: 125,427
Mileage: 125,427     Price: $16,428
Location: Leesburg, VA ~ 5 miles away
Dealer: Autonation Toyota Leesburg
Days on Market: 39
Colors (ext/int): Spruce Mica / Graphite

$16,428


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