Car shopping isn’t easy. You need something that suits your needs, style, and budget. It isn’t just the upfront cost that you need to consider, though. How much your SUV will depreciate is something to think about, too. After all, if you need to sell your SUV down the road, or if you get into an accident that causes your SUV to be totaled, the last thing you want is to owe more than its worth. Luckily, if you choose the Toyota Land Cruiser, the chances of that happening are lower than other large SUVs. Let’s look at what makes the Toyota Land Cruiser such a good investment – or at least not a total loss.
Do Toyota Land Cruisers hold their value?
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Toyota Land Cruisers hold their value better than any other large SUV there is. Most vehicles depreciate at a rate of 40.1% over the course of five years. Full-size SUVs tend to depreciate at an average rate of about 44.1% over that same time period, according to iSeeCars. The Toyota Land Cruiser, on the other hand, depreciates at a rate of 35.4%. That’s more than 4% better than the number two spot, the Toyota Sequoia. If there’s one thing you might be gathering from this, it’s that Toyota makes large SUVs that hold their value.
Other large SUVs rounding out the list include the Chevy Tahoe at 41.2%, the GMC Yukon at 43.7%, and the Chevy Suburban at 45.7%. The GMC Yukon XL and Ford Expedition also make the list at 46.9% and 52.8%, respectively.
Is a Land Cruiser a good investment?
Because the Toyota Land Cruiser holds its value so well, it could be seen as a good investment. That said, it isn’t exactly a cheap one. The 2021 Toyota Land Cruiser starts at $85,665. The 2021 Land Cruiser has a 5.7-liter V8 engine that makes 381 hp.
If you want an SUV that won’t kill your budget in five years, the 2021 Toyota Land Cruiser is a good choice. However, keep in mind that 35.4% of $85,665 is still $30,325. That’s a good chunk of change to lose over the course of five years. If the depreciation rate is more important to you than the actual monetary loss, this may not be a big deal.
Why was the Land Cruiser discontinued?
The Toyota Land Cruiser was discontinued because its sales were dismal. According to Car and Driver, only 3,000 Land Cruisers were sold per year in the ten years leading up to Toyota’s decision to end the Land Cruiser. In comparison, Toyota sold about 100,000 4Runners in that time.
The Land Cruiser was around for sixty years before it was discontinued. After Toyota announced that they were discontinuing the Land Cruiser, people started scrambling to buy one before they couldn’t anymore. Sales in the months right after Toyota said they were ending the Land Cruiser’s production were higher than they had been in quite some time.
If you’re one of those who is seriously disappointed that the Land Cruiser has been disappointed (and that’s understandable), now is the time to buy one. The fact that the Toyota Land Cruiser holds its value so well only adds to the incentive to get one while you can. You might lose $30,000 over the course of five years, but percentage-wise, that’s less than any other large SUV.