Toyota RAV4 Depreciation
A Toyota RAV4 will depreciate 27% after 5 years and have a 5 year resale value of $27,520.
The words "Toyota" and "value" are synonymous, and the RAV4 is no exception. The RAV4 ranks right up there (Top 20 at years 3, 5 and 7) with all other great value-retaining vehicles, and fits in nicely with the overall value offered by most of the Toyota fleet. With dependability and low operating costs, RAV4s are exceptional values whether purchased new or used.
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 $37,647 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 RAV4.
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Toyota RAV4 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value | Mileage | Resale Year |
|---|---|---|---|---|---|
| 1 | $5,884 | 84.37% | $31,763 | 12,000 | 2025 |
| 2 | $6,543 | 82.62% | $31,104 | 24,000 | 2026 |
| 3 | $8,196 | 78.23% | $29,451 | 36,000 | 2027 |
| 4 | $8,983 | 76.14% | $28,664 | 48,000 | 2028 |
| 5 | $10,127 | 73.10% | $27,520 | 60,000 | 2029 |
| 6 | $14,524 | 61.42% | $23,123 | 72,000 | 2030 |
| 7 | $15,849 | 57.90% | $21,798 | 84,000 | 2031 |
| 8 | $16,087 | 57.27% | $21,560 | 96,000 | 2032 |
| 9 | $17,107 | 54.56% | $20,540 | 108,000 | 2033 |
| 10 | $18,368 | 51.21% | $19,279 | 120,000 | 2034 |
Toyota RAV4 Depreciation
| Years Old | Depreciation | Residual Value | Resale Value |
|---|---|---|---|
| 1 | $5,884 | 84.37% | $31,763 |
| 2 | $6,543 | 82.62% | $31,104 |
| 3 | $8,196 | 78.23% | $29,451 |
| 4 | $8,983 | 76.14% | $28,664 |
| 5 | $10,127 | 73.10% | $27,520 |
| 6 | $14,524 | 61.42% | $23,123 |
| 7 | $15,849 | 57.90% | $21,798 |
| 8 | $16,087 | 57.27% | $21,560 |
| 9 | $17,107 | 54.56% | $20,540 |
| 10 | $18,368 | 51.21% | $19,279 |
Buying a Toyota RAV4 New vs Used
If you purchase a used Toyota RAV4 that is 2 years old, then you could save $6,543 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 $3,584. 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 RAV4 models become available.
What About Toyota RAV4 Insurance Costs?
The average cost to insure a Toyota RAV4 is about $1,920 per year. This adds up to around $9,600 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 RAV4. 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 RAV4
The 2023 Toyota RAV4 is our top pick for the best model year value for the RAV4. With the 2023, you would only pay, on average, 84% of the price as new, with 92% of the vehicle's useful life remaining. The 2022 and 2021 model years are also attractive years for the RAV4, and provide a relatively good value. Our rankings consider multiple factors, including the RAV4'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 RAV4 models.
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Toyota RAV4 Historical Depreciation
| Year | New Price | Current Price | Maintenance | $ Decline | % Decline | % Paid | Value Rating |
|---|---|---|---|---|---|---|---|
| 2024 | $37,647 | $37,647 | $245 | $0 | 0% | 100% | |
| 2023 | $37,005 | $31,221 | $286 | $6,426 | 17.07% | 84.37% | Best |
| 2022 | $35,135 | $29,030 | $349 | $2,191 | 7.02% | 82.62% | Better |
| 2021 | $35,047 | $27,416 | $451 | $1,614 | 5.56% | 78.23% | Better |
| 2020 | $33,389 | $25,424 | $535 | $1,992 | 7.27% | 76.14% | Good |
| 2019 | $32,624 | $23,849 | $667 | $1,575 | 6.19% | 73.1% | |
| 2018 | $33,832 | $20,780 | $770 | $3,069 | 12.87% | 61.42% | Good |
| 2017 | $33,597 | $19,454 | $809 | $1,326 | 6.38% | 57.9% | |
| 2016 | $30,639 | $17,547 | $836 | $1,907 | 9.8% | 57.27% | |
| 2015 | $27,830 | $15,184 | $872 | $2,363 | 13.47% | 54.56% | |
| 2014 | $27,708 | $14,190 | $924 | $994 | 6.55% | 51.21% | |
| 2013 | $26,507 | $13,084 | $1,005 | $1,106 | 7.79% | 49.36% | |
| 2012 | $26,709 | $11,300 | $1,084 | $1,784 | 13.63% | 42.31% |
| Year | Price | % Paid | Value Rank |
|---|---|---|---|
| 2024 | $37,647 | 100% | |
| 2023 | $31,221 | 84.37% | Best |
| 2022 | $29,030 | 82.62% | Better |
| 2021 | $27,416 | 78.23% | Better |
| 2020 | $25,424 | 76.14% | Good |
| 2019 | $23,849 | 73.1% | |
| 2018 | $20,780 | 61.42% | Good |
| 2017 | $19,454 | 57.9% | |
| 2016 | $17,547 | 57.27% | |
| 2015 | $15,184 | 54.56% | |
| 2014 | $14,190 | 51.21% | |
| 2013 | $13,084 | 49.36% | |
| 2012 | $11,300 | 42.31% |
Toyota RAV4 Depreciation Rankings
We've ranked over 200 models from best to worst for Depreciation. See where the Toyota RAV4 ranks for Depreciation compared to other vehicles. Also check out how the RAV4 stacks up in our rankings for Maintenance, Insurance and Overall Costs.
Other Toyota RAV4 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 RAV4 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:
