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
| 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 2022 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.
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Toyota Tundra Historical Depreciation
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2024 | $64,796 | $64,796 | $305 | $0 | 0% | 100% | |
| 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% | Better |
| 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% | Good |
| 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% | |
| 2023 | $55,322 | 85.99% | Best |
| 2022 | $47,913 | 84.08% | Better |
| 2021 | $42,272 | 74.36% | Better |
| 2020 | $39,435 | 74.58% | Good |
| 2019 | $36,196 | 70.45% | Good |
| 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:
