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Toyota Tacoma Depreciation

A Toyota Tacoma will depreciate 33% after 5 years and have a 5 year resale value of $28,011.

The Toyota Tacoma mid-size pick-up is perhaps the best vehicle on the road for holding its value. It offers exceptional value, both as a new purchase, and as a used vehicle. With practicality, reliability and good value, the Tacoma is a tough vehicle to beat in terms of all around greatness.

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 $41,774 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 Tacoma.

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Toyota Tacoma Depreciation Calculator

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Toyota Tacoma Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,513 91.59% $38,261 12,000 2022
2 $6,383 84.72% $35,391 24,000 2023
3 $9,037 78.37% $32,737 36,000 2024
4 $11,492 72.49% $30,282 48,000 2025
5 $13,763 67.05% $28,011 60,000 2026
6 $15,864 62.02% $25,910 72,000 2027
7 $17,808 57.37% $23,966 84,000 2028
8 $19,605 53.07% $22,169 96,000 2029
9 $21,268 49.09% $20,506 108,000 2030
10 $22,806 45.41% $18,968 120,000 2031

Toyota Tacoma Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,513 91.59% $38,261
2 $6,383 84.72% $35,391
3 $9,037 78.37% $32,737
4 $11,492 72.49% $30,282
5 $13,763 67.05% $28,011
6 $15,864 62.02% $25,910
7 $17,808 57.37% $23,966
8 $19,605 53.07% $22,169
9 $21,268 49.09% $20,506
10 $22,806 45.41% $18,968

Buying a Toyota Tacoma New vs Used

If you purchase a used Toyota Tacoma that is 2 years old, then you could save $6,383 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 $7,380. 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 Tacoma models become available.

What About Toyota Tacoma Insurance Costs?

The average cost to insure a Toyota Tacoma is about $1,475 per year. This adds up to around $7,375 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 Tacoma. 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 Tacoma

The 2021 Toyota Tacoma is our top pick for the best model year value for the Tacoma. With the 2021, you would only pay, on average, 92% of the price as new, with 92% of the vehicle's useful life remaining. The 2022 and 2020 model years are also attractive years for the Tacoma, and provide a relatively good value. Our rankings consider multiple factors, including the Tacoma'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 Tacoma models.

Toyota Tacoma Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $41,774 $41,774 $245 $0 0% 100% Better
2021 $41,230 $38,043 $280 $3,731 8.93% 91.59% Best
2020 $37,394 $34,917 $338 $3,126 8.22% 92.47% Better
2019 $36,747 $33,372 $429 $1,545 4.42% 89.65% Good
2018 $36,169 $32,184 $506 $1,188 3.56% 87.58% Good
2017 $35,977 $30,336 $626 $1,848 5.74% 82.58%
2016 $35,248 $30,098 $869 $238 0.78% 82.92%
2015 $33,670 $26,956 $965 $3,142 10.44% 77.19%
2014 $32,893 $23,882 $1,055 $3,074 11.4% 69.4%
2013 $32,550 $22,334 $1,189 $1,548 6.48% 64.96%
2012 $32,261 $21,341 $1,206 $993 4.45% 62.41%
2011 $32,624 $19,879 $1,349 $1,462 6.85% 56.8%
2010 $30,885 $18,029 $1,556 $1,850 9.31% 53.34%
Year Price % Paid Value Rank
2022 $41,774 100% Better
2021 $38,043 91.59% Best
2020 $34,917 92.47% Better
2019 $33,372 89.65% Good
2018 $32,184 87.58% Good
2017 $30,336 82.58%
2016 $30,098 82.92%
2015 $26,956 77.19%
2014 $23,882 69.4%
2013 $22,334 64.96%
2012 $21,341 62.41%
2011 $19,879 56.8%
2010 $18,029 53.34%

Toyota Tacoma Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Toyota Tacoma ranks for Depreciation compared to other vehicles. Also check out how the Tacoma stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Toyota Tacoma 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 Tacoma 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: