Does Toyota Tacoma Hold Its Value?

By Max Anthony •  Updated: 07/03/22 •  3 min read

A Toyota Tacoma will depreciate by 29% after five years, and its resale value will be $26,882 after five years.

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When it comes to the value of the Toyota Tacoma, it is not a bad vehicle, but it is certainly the best vehicle on the road. It is a vehicle that is very valuable both new and used. With its practicality, reliability and good value, the Tacoma is tough to beat when it comes to being all-around great.

Is it Better to Buy a Toyota Tacoma New or Used?

By purchasing a used Toyota Tacoma that is already 2 years old, you can save $7,166 than you will need to put out if you buy one brand new. You can also still expect it to have a lot of life left in it. Let’s say you are planning to keep the vehicle for three years. So for the full cost of depreciation of this vehicle within three years of use, it would be above $3,600 in total.

The age of the vehicle and how long the owner has had it will affect this, so you can look for different prices to find a depreciation point that fits you best. As a whole, you should aim for cars that are around 3 years old.

Years to Choose a Toyota Tacoma Model

We would pick the 2020 Toyota Tacoma as the best model year value for money. If you buy the 2020, you may be able to get it at 83% of the original price. Despite this, a whopping 92.2% of the car’s usefulness will be retained. Other good years include 2019 and 2021. The reasons for ranking the Tacoma include: its starting and current prices, how much it takes to run maintenance on them, and other extra costs you can expect.

Why the Toyota Tacoma Depreciates Little

The Toyota Tacoma is known to be durable and reliable, so the price of it has been very high.

These compact trucks are rugged and capable. They are built to work hard during your daily tasks and on any off-road adventures. Owners of Tahoes generally do not do very much maintenance, and they regularly clock upwards of 500k miles. Despite this, they are not concerned about serious issues that they might encounter.

Because of this very reliable and long-lasting relationship between tacomas and their owners, people are likely to pay more for new and used Tacomas than they would pay for a truck that is less likely to last a long time.

Maintenance Costs of the Toyota Tacoma

The cost of maintaining a vehicle has an impact on the value of a vehicle in the second hand market. The more frequent the car’s regular maintenance, the greater the car’s depreciation

The average annual cost of maintaining the Tacoma is $478. That is far below the average annual cost of repairing a truck of any kind. The Tacomas cost very little to maintain compared to other trucks. And because of that, they attract even more people to the second hand market.

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Max Anthony

Max is a gizmo-savvy guy, who has a tendency to get pulled into the nitty gritty details of technology and cars. He attended UT Austin, where he studied Information Science. He’s married and has three kids, one dog and a GMC truck and a Porsche 911. With a large family, he still finds time to share tips and tricks on cars, trucks and more.

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