Which Toyota Has the Lowest 5-Year Depreciation Rate?
Toyota produces some of the longest-lasting vehicles in the industry. Models like the Toyota Land Cruiser and Toyota Sequoia can last well over 200,000 miles. Toyota models tend to depreciate slower than rivals as well. Which Toyota model has the lowest five-year depreciation rate?
This Toyota truck depreciates less than any other Toyota in five years
Five-year depreciation rates are a good way of understanding how a vehicle ages over time. Some vehicles can lose over 40% of their value in five years. These vehicles make poor choices for drivers that only wish to own a vehicle for a short period of time before reselling it. A vehicle with a low five-year depreciation rate has amazing resale value, which could contribute to the purchase of your next vehicle.
The Toyota Tacoma depreciates less than any other Toyota model in the first five years of ownership based on a study conducted by iseecars.com. The study found that the Toyota Tacoma has an average five-year depreciation rate of 14.9% or $5,926. This is incredible compared to the national average five-year depreciation rate of 33%.
No other truck is featured on iseecars.com’s list of vehicles with the lowest five-year depreciation. Toyota vehicles may generally hold their value well, but the Tacoma is in a league of its own.
The midsize pickup truck provides incredible value for the money once it’s purchased and retains most of that value for an extended period of time. The average Toyota Tacoma will retain 85.1% of its value after five years. If you decide to keep the pickup after five years instead of reselling it, the Tacoma can last for over 300,000 miles when well-maintained. One Taco has racked up over 1,000,000 miles on its odometer.
Should you get a 2023 Toyota Tacoma?
The 2023 Toyota Tacoma starts at $27,750. It uses a 2.7-liter four-cylinder engine to make 159 horsepower and 180 lb-ft of torque. The Tacoma gets 20 miles per gallon in the city and 23 miles per gallon on the highway.
The Toyota Tacoma comes in a whopping eight different trim levels to appeal to different types of drivers. It comes in off-roading trim levels as well that are model capable on tricky terrain.
Car and Driver recommends the 2023 Toyota Tacoma TRD Off-Road. The Tacoma TRD Off-Road starts at $35,940. It comes with a locking rear differential, Toyota Multi-Terrain Select with Crawl Control, and Bilstein shocks. The 2023 Tacoma TRD Off-Road is the best trim for the money by a long shot in terms of capability. It manages to be affordable despite all of its suspension and adventure-ready upgrades.
The Toyota Tacoma is a great midsize pickup truck, but there are other models in its segment that make better daily drivers. If you’re looking for a comfy truck with a snazzy interior, the Taco may not be for you.
What is the best midsize truck on the market?
The 2023 Toyota Tacoma is certainly in the running. It’s one of the best midsize pickup trucks for 2023, but there are other models worth mentioning as well. One of the Tacoma’s fiercest competitors is the Jeep Gladiator, which offers similar off-roading chops.
The Honda Ridgeline has been in the best midsize SUV conversation for years. It is the polar opposite of the Tacoma. The Ridgeline has a smooth ride and a refined interior. It has all the qualities of a great daily driver. The best midsize pickup truck for 2023 is still a toss-up.
Let us know your pick for the best new midsize pickup truck in the comment section below.