Toyota produces some of the most durable vehicles in the industry. Models like the Toyota Land Cruiser and Toyota Sequoia can last more than 200,000 miles. Toyota models also tend to depreciate more slowly than rivals. 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 to understand how a vehicle ages over time. Some vehicles can lose more than 40% of their value in five years. These vehicles are poor decisions for drivers who only want to own a vehicle for a short period of time before reselling it. A vehicle with a low five-year depreciation rate has incredible resale value, which could contribute to your next vehicle purchase.
The Toyota Tacoma depreciates less than any other Toyota model in the first five years of ownership, according to a study 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 appears on iseecars.com’s list of vehicles with the lowest depreciation in five years. Toyota vehicles can generally hold their value well, but the Tacoma is in a league of its own.
The midsize truck offers incredible value for 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 truck after five years instead of reselling it, the Tacoma can last over 300,000 miles with good maintenance. One Taco has accumulated 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 pound-feet of torque. The Tacoma gets 20 mpg in the city and 23 mpg on the highway.
The Toyota Tacoma comes in a whopping eight different trim levels to appeal to different types of drivers. It also comes in off-road trim levels that are models capable of rough terrain.
Car and Driver recommends the 2023 Toyota Tacoma TRD Off-Road. 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 version for the money by far in terms of capability. It manages to be affordable despite all its adventure-ready and suspension upgrades.
The Toyota Tacoma is a great midsize truck, but there are other models in its segment that are better for daily drivers. If you’re looking for a comfortable truck with a stylish 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-road capabilities.
The Honda Ridgeline has been in the hottest midsize SUV conversation for years. It’s the polar opposite of the Tacoma. The Ridgeline has a smooth ride and a refined interior. He has all the qualities of a great daily driver. The best midsize pickup truck for 2023 is still a gamble.
Let us know your pick for the best new midsize pickup truck in the comments section below.