The 2016 Tacoma has a price range of roughly $23,500 to approximately $36,000, with a $30,500 average.
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Is the 2016 Toyota Tacoma a good year?
Based on how drivers feel about their vehicles in the first 90 days of ownership, the J.D. Initial Quality Award is ranked. That leaves little time for addressing issues that can arise after updates, such as when the 2016 Toyota Tacoma got a new transmission.
The Vehicle Dependability Study measures truck owner satisfaction three years after purchase, giving adequate time for problems to be fixed or not. Low dependability ratings and low initial quality scores for Toyota Tacoma vehicles are correlated.
The dependability ratings of the Toyota Tacoma have been rising as these problems have been resolved. Therefore, we may assume that as time goes on, the Toyota Tacoma will have greater reliability ratings.
The 2020 Toyota Tacoma is given a reliability rating of 3.5 out of 5, however there are no mechanical problems that could lower the rating. The drawbacks include a weak engine, a rough ride, and less passenger room than competitors.
It is lauded for having a broad list of standard equipment, an exceptional interior quality, excellent off-roading capabilities, and a high ranking that is still above average. Avoid being deterred by the 20162018 Toyota Tacoma models’ dependability difficulties. A good pickup is still the Toyota Tacoma.
How well do Tacoma values hold up?
Trucks are more popular than ever, and many driveways across the nation now have them in place of sedans as the primary family vehicle. They are cozier, more useful, and more capable than ever. It makes sense that pickups would have high resale values given their high demand.
That suspicion is confirmed by the data we obtained from our friends at IntelliChoice; every midsize and full-size truck from the 2021 model year is anticipated to retain more than 50% of its value. An average new truck will hold onto 59.8% of its value. For the purposes of uniformity, we only included full-size crew cab models. These six trucks have the highest resale prices out of the 13 models that are currently on the market.
GMC Sierra 1500 Crew Cab – 60.7 Percent Retained Value
The first vehicle on our list is the pricier twin of the Chevrolet Silverado 1500, the 2021 GMC Sierra 1500 Crew Cab. Its exceptional hauling capacity, quick engine choices, and excellent handling have all been praised. However, its ergonomics and low quality inside materials limit its potential.
The Sierra 1500 appears to be more popular on the used car market than the Ram 1500 Crew Cab, which has a value retention rating of 58.6 percent. The GMC Sierra 1500 Crew Cab pickup should retain 60.7 percent of its value after five years.
Ford F-150 SuperCrew – 61.1 Percent Retained Value
With the 2021 Ford F-150 SuperCrew, Ford narrowly defeated the GMC Sierra in terms of resale value. The F-150, which debuted for the 2021 model year, has a sleek look, amazing technology, and skillful driving characteristics. However, the wooden brake pedal sensation is a major letdown.
The F-150 is not only the most popular truck in America, but it also has a high resale value. The current SuperCrew full-size Ford vehicle should hold onto 61.1 percent of its value in five years. Ford, in our opinion, offers one of the better vehicles currently available, and it turns out that doing so is also a rather smart financial move.
Chevrolet Colorado Crew Cab – 61.2 Percent Retained Value
The little truck from Chevy is a strong competitor in its class. In our 2019 midsize pickup truck comparison test, it won top place because to its comfortable ride, highly practical bed, and potent towing and payload capacities. We have also praised the ZR2’s outstanding off-road prowess.
Over the following five years, the Colorado Crew Cab should maintain 61.2 percent of its value. For those seeking a smaller truck as a daily driver, we think Chevy’s midsize selection is a really great deal.
Jeep Gladiator – 64.3 Percent Retained Value
The Gladiator is a peculiar little duck. It is the only pickup truck now on sale with an option for an open roof and is quite capable off-road. There is only one little bed size available, and it has poor road manners. Additionally, base trims are lacking in features, and higher optioned trims are expensive.
Jeep is skilled at creating cars with high resale value. Over the next five years, it is expected that the Wrangler will retain 81.4 percent of its initial value, making it a champion when it comes to making large money on the used car market. The Gladiator manages to retain 64.3% of its worth during a five-year period, despite being unable to match that figure.
Toyota Tundra CrewMax – 69.8 Percent Retained Value
The Toyota 2021 Tundra full-size pickup truck came in second on this list despite the recent unveiling of the brand-new 2022 Tundra. Before a new generation of the Tundra was unveiled, the truck was 14 years old, as anyone who followed the truck market would recall.
We bemoaned the outmoded interior technology and dated V-8 engine in our evaluation of the departing 2021 Tundra TRD Pro. Even yet, if you decided against waiting for the third-generation pickup, the 2021 Tundra retains 69.8% of its value.
Toyota Tacoma Double Cab – 77.5 Percent Retained Value
Toyota’s goods have a high resale value due to its reputation for producing dependable and capable vehicles. With a remarkable 77.5 percent value retention rate, the Toyota Tacoma tops our list of pickup trucks. The 2017 Tacoma may not be our favorite midsize truck due to its confined inside and basic driving characteristics, but the facts speak for themselves. The Tacoma is the pickup for you if you want a vehicle that retains the bulk of its worth.
What is the Toyota Tacoma’s Blue Book value?
The starting price of the 2022 Toyota Tacoma is $26,500. The midsize pickup vehicle from Toyota, the Tacoma, is known for its toughness. And trustworthy.
What does a 2016 Toyota pickup cost?
The 2016 Toyota Corolla costs how much. The typical price for a used 2016 Corolla is $14,100. Based on more than 4,100 postings for this small sedan on our used car website, that estimate was created. Prices for 2016 Corollas should range from $11,400 to $17,000 because there are many trim levels available.
Why is the 2016 Tacoma flawed?
The 2016 Toyota Tacoma has transmission problems, according to Car Complaints, a website where owners list the problems they have with their own cars. One of the most frequent problems cited by drivers is this one.
The transmission is known to hesitate when making strong shifts, according to drivers. Both upshifting and downshifting appear to be slow. Some owners claimed it would slow and jolt. The Tacoma’s acceleration was likewise sluggish.
The ECM did receive an update from the dealers to improve shifting. Even after the upgrade, drivers continued to suffer difficult shifting.
It was reported by other motorists that their 2016 Tacoma models created a loud howling noise at speeds about 55 mph. Some versions also vibrate when traveling at highway speeds.
Key Points
- While the 2016 Toyota Tacoma is generally dependable, there has been one significant recall due to a leaky differential. A few trucks are subject to three minor recalls.
- Attention must be paid to an ongoing investigation into the airbag control unit since it could lead to a significant recall affecting millions of vehicles globally.
- Nearly half of the less than 300 complaints for the model year are about a sluggish transmission.
- A leaking brake light and heated seats that burn themselves out are two other uncommon problems.
- For the mid-size pickup market, the 2016 Toyota Tacoma is still a wise choice if you can overlook a clumsy transmission.
What year should I not buy a Tacoma?
The Toyota Tacoma models from the years 2006, 2007, 2008, 2009, 2011, 2012, 2016, and 2017 have a lot of faults, therefore we advise staying away from them. The body, paint, and engine issues on the 2006, 2007, and 2008 models are major difficulties.
Along with several light, body, and engine flaws, the interior accessories of the 2009 model have a tendency to be defective and frequently malfunction.
There are several issues with the 2011 Toyota Tacoma, and complaints have been made concerning almost every part. The drivetrain and engine are primarily flawed in the 2012 model, whereas unreliable transmissions are also present in the 2016 and 2017 vehicles.
These two Toyota Tacomas are among the worst you can buy because their transmissions have so many flaws that driving them might be dangerous. However, the 2007 is as unwise to purchase due to its extraordinarily high repair expenses.
The average automobile spends 1-2 weeks on the lot, but the greatest offers are typically scooped up in less than 48 hours. Get notified right away when the price of a saved car reduces or when a great new Tacoma listing appears by downloading the CoPilot app.
Is buying a pre-owned Tacoma worthwhile?
The generations also last a very long time on top of all that. For instance, the initial Tacoma generation was produced from 1995 to 2004. From 2005 until 2015, the following generation was in production. With the 2016 model year, the third and most recent generation got under way. The Toyota Tacoma 2021 now sports updates.
Because of these lengthy generations, a used Toyota Tacoma from the 2016 model year will remarkably resemble a 2021 vehicle. One of the key factors supporting the continued value of Toyota pickup trucks is this. It’s almost absurd to try to save money on a used Toyota Tacoma model because they maintain their worth so well. Consider your options carefully before just investing in a brand-new tiny pickup vehicle if you’re in the market for one.
Although you can make a small financial save, it might not be worthwhile to invest in a used model. More contemporary features are seen in more recent Toyota Tacoma pickup truck models. Yes, buying a used one might help you save a little money. You can decide that it would be better to spend the money on fresh merchandise instead.
How far can a Toyota Tacoma travel?
How important is mileage? That really relies on how well the car has been maintained.
A properly-kept Toyota Tacoma will run far over 300,000 miles, although standard automobiles are known to endure up to 200,000 miles. According to some sources, Toyota Tacomas have traveled more than 400,000 miles. The equivalent Chevy Colorado has an around 200,000-mile lifespan.
What distinguishes and distinguishes the Toyota Tacoma as the best is its capacity to last hundreds of thousands of miles longer than its rivals. Your brand-new Tacoma today might endure until your kids get their driver’s license in 15 years, provided you take good care of your car.
What should the price of a used Tacoma be?
Age, condition, mileage, trim level, and other elements all affect how much a used Toyota Tacoma costs. For instance, the normal used price range for a 2017 Toyota Tacoma SR5 Access Cab is between $25,000 and $29,000, whereas the typical used price range for a 2010 Toyota Tacoma Regular Cab is between $10,000 and $13,000.
Tacomas are quite dependable and retain their value well, which contributes to the high cost of used vehicles. Tacomas are excellent secondhand cars since they need few repairs and are economical to own.
If your neighbor’s truck is in good shape, is newer than average, and has few miles on it, you might think about paying $20,000 to $30,000 or more for it. Otherwise, you may invest in a brand-new one!
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A Toyota Tacoma will depreciate 33% after 5 years and have a 5 year resale value of $28,011.
The mid-size Toyota Tacoma pickup truck may be the best on the road for maintaining value. Both as a new car and as a used car, it delivers outstanding value. In terms of all-around awesomeness, the Tacoma is a difficult car to surpass because to its usefulness, dependability, and affordability.
The anticipated depreciation over the following ten years is shown in the figure below. These outcomes apply to cars that travel 12,000 miles annually on average and are in good condition. It also counts on a $41,774 retail price for the vehicle. Enter the purchase price, anticipated length of ownership, and yearly mileage estimate. We can estimate the Toyota Tacoma’s projected resale value using our depreciation calculator.