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.
In This Article...
What should I expect to pay for a Toyota Tacoma?
The starting price of the 2021 Toyota Tacoma is $26,150. For the past 15 years, the Toyota Tacoma has been the best-selling midsize truck on the market. This is for excellent reasons, including the Tacoma’s well-deserved reputation for outstanding quality, high resale value, and a huge selection of engine, cab, and bed options.
Is buying a new or used Toyota Tacoma preferable?
The general guideline for purchasing a car is that a used car will offer larger savings and better value than a new one. However, not every car can benefit from improved value, especially at the moment.
The COVID-19 has had two effects on the automotive sector. One reason is that buyers want to save money on a vehicle, frequently by purchasing old. Additionally, because of industrial slowdowns, there is less new car inventory, which increases demand for secondhand cars.
As a result, used car costs have gone up. According to Edmunds data, the average list price for all used cars increased by $708 from June to reach $21,558 in July.
Due to these trends, purchasing a new car may wind up being more cost-effective than purchasing a used one or two years old.
There are several reasons to spend that little bit extra and choose the new model:
For a new car, interest rates will always be a few percentage points lower.
On a new vehicle, incentives like manufacturer cash-back offers will also be increasingly common.
Instead of receiving the remaining portion of a used model’s warranty, you will receive the entire balance for a new vehicle.
An updated new model will often retain its worth better than a pre-owned one from a prior generation.
Six vehicles have been chosen by Edmunds’ experts to highlight how it may be advantageous to purchase a new vehicle rather than a used one. We have discussed the price difference between purchasing a brand-new model and a slightly used one. Finally, we’ve included some remarks on each model to give you background and aid in your decision-making.
Purchasing information: There is only one used model year for the modern Chevrolet Blazer. Despite not receiving the highest ratings from Edmunds’ editors, this midsize SUV is nevertheless retaining its value well. As a result, choosing a used 2019 Blazerwhich costs only around $1,100 less than a new modeldoesn’t offer much value.
Purchasing advice: Used car costs are still high for this 2019 Chevrolet Silverado 1500 pickup, which is the latest generation. The 2018 and older models provide more savings due to sharp price drops. For a 2018 Silverado 1500 or a 2017, the average savings from new is $10,230 or $8,942.
Purchase advice: The Dodge Charger is a little unique. Due to a large flood of vehicles leaving rental fleets, 2019s are now available at great savings. But suppose you were looking at a Charger that was between 2 and 3 years old. In this scenario, the average cost of a new car would be saved by only $3,000 for you. The Charger is a popular sedan with generous seats that is also available in performance-oriented variants with strong V8 engines.
Notes for buyers: Honda Civics have consistently maintained a high value. According to Edmunds data, it takes at least three years for a used car to start saving you significantly more money than a comparable new model. But by that time, the car would have traveled further, and the warranty would very certainly no longer be valid.
Notes on purchasing: The Toyota RAV4 Hybrid SUV’s latest model made its debut in 2019. For the used model, the discounts are not significant. However, costs for the RAV4 Hybrid from the prior generation are significantly lower, similar to the Silverado described before. A new RAV4 Hybrid costs, on average, $8,542 less than a 2018 model and $10,922 less than a 2017 model.
Purchase advice: Because of the Toyota Tacoma’s high resale value, there aren’t much savings to be obtained on 1- to 2-year-old versions. The average savings for a model even three years old is less than $4,000. Your experience owning a Tacoma can be enhanced by purchasing a brand-new one.
It’s a seller’s market right now, so buying a used car might not necessarily be the best option for you. To give yourself the most options while purchasing, keep an eye on new car prices to see how they compare.
What is the price of a used Tacoma?
Including a Toyota Tacoma SR Double Cab 5′ Bed I4 2WD Automatic and a Toyota Tacoma SR5 Double Cab 5′ Bed V6 RWD Automatic, TrueCar offers 8,683 used Toyota Tacoma models for sale nationwide. The current price range for a used Toyota Tacoma is $2,000 to $75,000, with a mileage range of 5 to 395,327. By entering your zip code, you may find used Toyota Tacoma inventory at a TrueCar Certified Dealership nearby by viewing the closest matches. If you want to buy a used Toyota Tacoma online, TrueCar has 374 models that you can choose from the comfort of your own home. This enables you to buy a Toyota Tacoma from a distance and have it delivered to your house in the continental United States.
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.
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 poll, around 2.8 percent of all Tundras that are still in use have an odometer reading of more over 200,000 kilometers. With 2% of all currently operating, registered vehicles reaching the 200k mile mark, Toyota also maintains the overall top spot for longest-lasting automaker rankings.
With just 1.6 percent, Honda comes in second, and Chevy and Cadillac tie for third with 1.5 percent.
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.
Which Toyota Tacoma is the least expensive?
Review of the 2022 Toyota Tacoma Access Cab
- The starting price of the 2022 Toyota Tacoma is $26,500.
- The Manufacturer’s Suggested Retail Price (MSRP) of the 2022 Tacoma SR starts at $26,500 plus a destination fee with the Access Cab, rear-wheel drive, base engine, and 6-foot bed.
What issues are there with Toyota Tacoma?
High-Mileage Toyota Tacomas with a Defective Automatic Transmission There are reported transmission issues with the Toyota Tacoma, which affect vehicles with anywhere between 125,000 and 150,000 miles on the odometer. These problems, which hinder the car from shifting properly, have been documented in Tacoma models made between 1995 and 2015.
Which Toyota Tacoma model year is 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.
Are Tacomas too costly?
The Tacoma is one of the most costly cars to buy used vs new, according to iSeeCars, with just a 4.2 percent ($1,557) price difference. According to the website, the current industry average is 17 percent, or $6,279. It’s not difficult to discover used Tacomas with high pricing.
Is the Tacoma the best-ever-built truck?
Your previous Toyota Tacoma’s failure to endure at least 200,000 miles was presumably the result of improper maintenance and upkeep. The Tacoma, which has a long history of being the most dependable midsize truck in its class, has a normal lifespan of a quarter million miles.
Between 2005 and 2015, Toyota produced the second generation Tacoma, which was bigger and more potent than its forerunner. It is available with several automatic and manual gearbox options in normal cab, extended cab, and four-door body styles. The Toyota 4.0L V6 is unquestionably the engine you want. Although it only has 236 horsepower and 266 lb-ft of torque, it has unmatched durability and fuel efficiency ratings.
Among midsize trucks, the Tacoma achieved the highest dependability rating from JD Power in 2011. Based on replies from more than 80,000 confirmed owners of three-year-old automobiles each year, this prize gauges reliability.
Are Tacomas still worth anything?
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.