Which Truck Holds Its Value Best?
Truck models are often more expensive than sedans and coupes. Some truck models also last much longer than some cars. Which truck holds its value best over time?
The Toyota Tacoma retains its value well over time
Every vehicle depreciates, but some vehicles hold on to their value for longer than others. The Toyota Tacoma is a midsize Japanese pickup truck that holds its value well over long periods of time. In fact, used Tacoma models were selling for more than new models because of demand and strained supply in 2021.
The Tacoma is one of the most popular trucks in its vehicle segment because of its capability. It isn’t the most refined or the most comfortable, but the Taco is built to last. The Tacoma is unrivaled when it comes to one popular American pastime. This midsize truck is built for off-road adventure.
According to MotorTrend, the Toyota Tacoma has the best resale value of all trucks. Why? Tacoma models can last over 200,000 miles when they are maintained well. Some models can even last for over 300,000 miles with proper maintenance. Based on the average American driving distance of 13,500 miles a year, new Tacos can last for over 14 years of ownership.
According to iseecars.com, the average new vehicle is only kept for about 8.4 years. According to Kelley Blue Book, a five-year-old 2017 Toyota Tacoma has a fair purchase price of $22,192. It has an MSRP of $24,575.
Are Toyota Tacomas good trucks?
The Toyota Tacoma isn’t the best truck in its vehicle segment. Several models offer better cabin materials and more ride comfort. The Honda Ridgeline is currently considered to be the best midsize truck by many automotive publications. The Taco isn’t necessarily the best daily driver in its segment either because of its fuel economy.
It has a 6.5/10 overall rating from Car and Driver. The Tacoma is affordable, starting at $26,700. Its greatest strength is also its greatest weakness: the Taco is an off-road truck. If you don’t plan on regularly taking the road less traveled, there are several better alternatives on the market. The Tacoma is best for off-roading but will do little to make your daily commute enjoyable unless you plan on using a trail as a shortcut to work.
What problems do Toyota Tacomas have?
The Toyota Tacoma has a 3/5 reliability score on Consumer Reports. It has its fair share of issues. One of the most prevalent issues includes a premature ball joint wearing problem. This problem impacted 1995-2007 models the most. Ball joint wearing can make a vehicle’s ride quality worse and cause suspension issues. Since the Taco never had a great ride quality to begin with, this issue can be incredibly frustrating to owners of the midsize pickup.
The Tacoma is an incredible pickup truck for folks who want to regularly tackle trails. It also retains its value well over time. Is the Taco a hard pass for you, or are you ready to adventure with Toyota’s most popular midsize pickup?