Toyota is known for its reliable and long-lasting vehicles, which is a big reason why they tend to hold their value well. Here are some of the Toyota models with the best resale value in 2024, according to various sources:
1. Toyota Tacoma: The Tacoma is a mid-size pickup truck that’s popular for its off-road capability and durability. It boasts a resale value of about 79.3% after five years.
2. Toyota GR86: This sporty coupe is a successor to the beloved Toyota 86 and shares its reputation for being a fun and affordable track car. It retains an impressive 75.3% of its value after five years.
3. Toyota Corolla: The Corolla is a compact sedan that’s known for its fuel efficiency, reliability, and affordability. It holds onto 67.2% of its value after five years, making it a smart choice for budget-minded buyers.
4. Toyota Corolla Cross: This new-for-2022 subcompact SUV combines the fuel efficiency of the Corolla with the cargo space and versatility of an SUV. It has a predicted resale value of 68.6% after five years.
5. Toyota RAV4: The RAV4 is a compact SUV that’s popular for its combination of size, comfort, and fuel efficiency. It retains 65.3% of its value after five years, making it a good choice for families and individuals alike.
6. Toyota RAV4 Prime: This plug-in hybrid version of the RAV4 offers excellent fuel economy and electric-only driving capability. It has a predicted resale value of 62.0% after five years, making it a good choice for eco-conscious buyers.
7. Toyota Highlander: The Highlander is a mid-size SUV that’s popular for its spacious interior, comfortable ride, and available hybrid powertrain. It retains 61.9% of its value after five years, making it a good choice for families who need a lot of space.
8. Toyota Tundra: This full-size pickup truck is popular for its towing capacity and off-road capability. It holds onto 59.3% of its value after five years, making it a good choice for those who need a truck for work or play.
9. Toyota 4Runner: The 4Runner is a mid-size SUV that’s known for its off-road capability and rugged construction. It retains 58.2% of its value after five years, making it a good choice for those who need a vehicle that can handle anything.
10. Toyota GR Supra: This sporty coupe is a return to the iconic Supra nameplate and offers impressive performance and handling. It has a predicted resale value of 57.1% after five years, making it a good choice for driving enthusiasts.
It’s important to note that these are just general estimates, and your actual resale value may vary depending on several factors, such as the specific model, mileage, condition, and local market conditions.
