Although the Toyota Tacoma is six years older than the more powerful Tundra, it retains its value better. The average Tacoma is expected to retain 63.5 percent of its original selling price after five years of ownership. Although the Tacoma’s old bones come with some concessions, such as a small interior, a poorly calibrated drivetrain, and bad fuel economy ratings, it is still a fantastic value and delivers exceptional off-road capabilities in TRD Pro form.
In This Article...
Are Toyota Tacomas a wise purchase?
Because of the Tacoma’s robust construction, its resale value is frequently very high. Owners can anticipate receiving a fantastic return on their investment as a result. A four-cylinder engine is offered as standard in the 2021 Toyota Tacoma.
Are Tacomas becoming more expensive?
In general, purchasing a used Toyota Tacoma is a wise choice. You can rely on a Tacoma as a trustworthy, long-lasting option if you can acquire one for a fair price. Depending on the vehicle’s history, the Tacoma also retains its value fairly well.
Toyota stopped offering incentives on its new trucks owing to a shortage of inventory, according to iSeeCars Executive Analyst Karl Brauer. These highly desired trucks might only be available as secondhand cars to buyers.
Of all the automakers, Toyota has the smallest inventory. For instance, on the new car lot, demand for the Toyota 4Runner is higher than availability. This steers potential new-car purchasers toward used cars.
Why do Toyotas maintain such a high value?
The reputation of the automaker is a significant role in the value of used cars. Toyota regularly earns high marks for dependability, in large part because the company remains with what works. Toyota releases changes in tiny dosages as opposed to completely revamping their models every couple of years, keeping the vehicles recognizable and comfortable. When it comes to major purchases, people tend to go toward what they are familiar with. Toyota ranked second in Consumer Reports’ 2015 reliability survey because to its reputation for dependability.
How long is the Tacoma’s lifespan?
According to a recent study, the Toyota Tacoma is the third-longest-lasting vehicle overall, trailing only the Honda Ridgeline and the first-place Toyota Tundra.
According to the report, 2.8% of all Tundras that are still in use today have an odometer reading of over 200,000 kilometers. Furthermore, Toyota is the automaker with the longest lifespan, with 2% of all active, registered vehicles reaching the 200k-mile threshold.
Only 1.6% separates Honda from first, while 1.5% separates Chevy from Cadillac in third place.
On the high end, Mike Neal, a Tacoma driver, is renowned for having logged an astounding 1.5 million miles and counting. If you see Mike in traffic, you’ll recognize him because he updates the number on the rear of his truck every 10,000 miles and posts it there.
Realistically, the majority of us won’t travel 1.5 million miles. For the majority of us, the maintenance necessary to reach that number is simply too onerous.
Even if you manage to keep the engine and transmission operating for that long, many other components will start to fail.
Drivers can typically expect their trucks to travel between 250,000 and 300,000 miles before repairs start to cost more than the price of a new truck.
Even though it seems impossible, 1.5 million tacos might possibly exist. This should delight enthusiasts of tacos.
In five years, how much will my Tacoma be worth?
Its value is projected to fall by about $4,508 from its current price in 5 years.
In addition to a considerable exterior update in 2020, the third generation Tacoma was originally made available in 2016.
A 2.7L engine (159 horsepower) and a 3.5L engine (278 horsepower) are also available in the Tacoma. These engines are mated to either a 5-speed manual or a 6-speed automatic transmission.
The depreciation rate of the Tacoma over the course of five years has been identical to that of the Toyota Tundra (33%), and it compares quite favorably to that of the similarly sized Nissan Frontier (41%).
Why is the Tacoma so popular?
The Tacoma has developed a solid reputation for durability, good quality, and dependability throughout the years. It takes a lot of effort to stay a top contender for so long. Toyota is a company that is well known for its dependability.
Which Toyota Tacoma model year is the best?
The first Toyota Tacoma was introduced in 1995 and produced for three versions, ending in 2005. While the tough truck has never exactly been recognized for being quiet or smooth, its value has held through the years.
The 2000, 2001, 2003, and 2004 Tacomas from the first generation received the highest ratings. However, 2004 received less praise overall.
There are many models available if the second generation is of interest to you. 2005, 2010, 2011, 2012, 2013, 2014, and 2015 all received flawless dependability verdict ratings from MotorBiscuit.
For purchasers looking for an all-purpose vehicle that can handle tough terrain, the 20122015 series is ideal. These Tacomas had a significant renovation and now have a stylish interior.
This second generation is more expensive than other used trucks on the market, even with higher mileage.
A 2005 Toyota Tacoma 2WD Access Cab PreRunner with 200,000 miles was posted on Autotrader for $9,000, as were a Tacoma 4WD Double Cab with 75,000 miles and a 2015 Tacoma with the TRD package and 6,000 miles.
With a 4 out of 5 rating from Consumer Reports, the 2005 Toyota Tacoma has the greatest satisfaction rating out of the group.
Even the 2016 model of Toyota’s current generation costs between $20,000 and $32,675. But if you’d prefer a more recent design, the Toyota Tacoma from 2019 is your best alternative. The 2019 model received a 4 out of 5 rating for dependability and owner satisfaction.
Tacoma or Ranger, which is better?
When compared to the Tacoma’s V6, the Ranger’s EcoBoost is by far the superior engine. The Ranger’s EcoBoost engine outperforms the Tacoma’s V-6 in terms of towing capacity, torque, and fuel efficiency.
The Ranger has established itself as the best-in-class for towing because to its 7,500lbs of towing capacity on each model (XL, XLT, and Lariat). The ordinary Tacoma SR package can only tow 3,500 pounds, which is more than 50% less than what the base model of the Ranger can tow, but the Tacoma TRD Off-Road can tow 6,400 pounds.
The Ford Ranger benefits from the Ford EcoBoost engine’s fuel efficiency, which is 21 mpg city, 26 mpg highway, and 23 mpg combined in RWD. Only a small drop in fuel economy is seen in the 4WD Ranger model, which gets 20 mpg in the city, 24 mpg on the highway, and 22 mpg overall. The Tacoma only achieves 18 city, 22 highway, and 20 combined mpg in the V6 variant. This drops to 18 mpg in the city, 22 mpg on the interstate, and 20 mpg overall in the 4WD variant.
With 278 horsepower and 270 horsepower, respectively, the Tacoma’s 3.5L V-6 engine marginally exceeds the Ranger’s 2.3L turbocharged 4-cylinder engine. The Ranger offers 310 lb-ft of torque compared to the Tacoma’s 265 lb-ft of torque, making up for the Ranger’s lack of horsepower.
Which Tacoma is most valuable as a resale?
One of the many reasons Toyota vehicles retain their value for such a long time is their reputation for dependability. Check out these highly coveted Toyota models that have won awards!
Toyota 4Runner
Purchasing a car is one of the biggest expenditures you’ll ever make, so you obviously want to get one that will retain its worth properly. Since Toyota received one of Kelley Blue Book’s two 2018 Best Brand Awards, you can have confidence in its resale value. When sold 36 months after purchase, the 2018 Toyota Tacoma has the best resale value, with an almost astounding 69.6% value. It comes as no surprise that this model has the highest resale value given its versatility and effectiveness. The 4Runner and Tundra also reached the top 10 list because to outstanding resale value, even after 60 months. So, if you’re looking for a car that will hold its value, think about buying one of these three Toyota models.
Why is Hawaii such a hotspot for Tacomas?
Hawaii is well-known for a variety of things, including its stunning beaches, beautiful sunsets, and clear, blue ocean. Hawaii’s fondness of the Toyota, particularly the Tacoma, is one item that may not be as well known. The topic of why the Tacoma has been selected as the overall best seller in Hawaii for 16 years is becoming more and more popular. People, this is not a fluke; it is the real deal.
That is correct! In Hawaii, the letters T-O-Y-O-T-A are synonymous with automobile wealth. Since at least 2003, the Tacoma has been the most popular vehicle in Hawaii. Hawaii is the only state that has crowned the Tacoma king of the automotive stage. The Toyota Tacoma sells almost eight times as quickly in Hawaii as it does in the whole United States, according to Popular Mechanics. What is the Tacoma’s appeal, then?
The fact that Hawaii has the biggest proportion of Asian Americans of any state in the US, with 39% of the population being of Asian heritage, may have something to do with it. It has been demonstrated that non-white ethnic groups are more inclined to make more frequent purchases of non-American brands. Additionally, Hawaii’s position in the Pacific Ocean has demonstrated that customers’ preferences tend to lean towards Asian businesses in general and Toyota in particular as they have stronger cultural ties to these regions. When all things are taken into account, this results in the ideal target market for Toyota.
The Tacoma is a well-built truck with a strong 4×4 lineage and tons of custom parts, according to a recent study of Hawaii residents. Locals also frequently said that Tacomas have all the features of a pickup truck and excellent fuel efficiency. “The truck is strong and yet small enough to fit in the small parking areas Hawaii is known for,” another user remarked. Anyone who is aware of Hawaii’s high cost of living, rising petrol prices, and significantly limited parking spaces available will not be surprised that the Tacoma has won.