Do Toyota highlanders depreciate?
Yes, Toyota Highlanders do depreciate over time, like most vehicles. However, the Highlander is known for its relatively slow depreciation rate compared to other SUVs in its class. The Highlander's reputation for reliability, durability, and strong resale value helps it retain its value better than many competitors.
Understanding Toyota Highlander Depreciation
The Toyota Highlander is a popular midsize SUV that has been in production since 2001. It is known for its comfortable ride, spacious interior, and Toyota's reputation for quality and reliability. These factors contribute to the Highlander's strong resale value and relatively slow depreciation rate compared to other SUVs.
According to industry data, a typical Toyota Highlander can be expected to retain around 60-70% of its original value after 3 years of ownership. This is higher than the average depreciation rate for midsize SUVs, which is often around 50-60% over the same time period.
Factors Affecting Highlander Depreciation
Several key factors influence how quickly a Toyota Highlander will depreciate:
- Mileage: Lower mileage Highlanders will typically retain more of their value than high-mileage models.
- Condition: Well-maintained Highlanders in excellent condition will depreciate more slowly than those with significant wear and tear.
- Trim Level: Higher-end Highlander trims with more features and options will generally hold their value better than base models.
- Demand: Strong ongoing demand for the Highlander helps support its resale value.
Additionally, the Highlander's reputation for reliability and Toyota's history of producing durable, long-lasting vehicles contribute to its relatively slow depreciation rate compared to many competitors.
Conclusion
In summary, the Toyota Highlander is known for its relatively slow depreciation rate compared to other midsize SUVs. Factors like mileage, condition, trim level, and ongoing demand all play a role in how quickly a Highlander will lose its value over time. The Highlander's reputation for reliability and Toyota's brand strength help it retain its value better than many rivals in the SUV market.
What is the life expectancy for Toyota Highlander?
300,000 miles
The Toyota Highlander is one of the longest-lasting midsize SUVs available, with the ability to continue running up to 300,000 miles after your drive it off the lot.
Is Toyota Highlander cheap to maintain?
The average total annual cost for repairs and maintenance on a Toyota Highlander is $489, compared to an average of $573 for midsize SUVs and $652 for all vehicle models.
Are Toyota Highlanders a reliable vehicle?
Quality and Reliability 81.0/100
The 2025 Toyota Highlander has a predicted reliability score of 79 out of 100. A J.D. Power predicted reliability score of 91-100 is considered the Best, 81-90 is Great, 70-80 is Average and 0-69 is Fair and considered below average.
Is Toyota Highlander high maintenance?
According to Toyota, budget around \$500 per year for a Highlander's regular maintenance like oil changes, tire rotations, fluid flushes, etc. Highlanders are very reliable vehicles, so major repairs are infrequent. However, parts and labor can be expensive when they are needed.
What SUVs depreciate the least?
Best Resale Value Hybrid SUVs
- Jeep Wrangler Unlimited (Plug-in Hybrid): 72.2%
- Toyota RAV4 Hybrid: 69.6%
- Jeep Wrangler (Plug-in Hybrid): 69.5%
- Subaru Crosstrek (Plug-in Hybrid): 68.9%
- Toyota RAV4 Prime: 65.6%
What is the best year of Highlander to buy used?
Toyota Highlander's Highlights
Particularly, the 2006-2007 and 2016–2019 models are known for their reliability and value. Some Toyota Highlander model years to avoid due to known issues are the early 2001–2002 models with mechanical problems and the 2008 models, which faced numerous recalls and complaints.
What is the major problem of Toyota Highlander?
Frequent Issues Associated with Toyota Highlander Years
Engine failure around 120,000 miles, often noted in earlier models. Stripped engine bolts that typically occur around 130,000 miles, leading to severe performance issues. Excessive oil consumption, a problem recurring across multiple years.
Are used Highlanders reliable?
Toyota is known for building reliable vehicles, and the Highlander is no exception. With proper maintenance, a used Highlander can last for many years and miles. The Highlander also has a spacious and practical interior, with plenty of cargo space and seating for up to eight passengers, depending on the model year.
Is Toyota Highlander expensive to maintain?
A Toyota Highlander will cost about $6,013 for maintenance and repairs during its first 10 years of service. This beats the industry average for popular SUV models by $2,237. There is also a 16.08% chance that a Highlander will require a major repair during that time.
Does the Toyota Highlander hold its value?
A 2022 Toyota Highlander has depreciated $10,241 or 26% in the last 3 years and has a current resale value of $28,379 and trade-in value of $25,561. The 2022 Toyota Highlander is in the top 10-25% for depreciation among all 2022 SUVs.
