Do Toyota highlanders hold their value?
Yes, Toyota Highlanders are known for holding their value well over time. According to industry data, Toyota Highlanders typically retain a higher percentage of their original purchase price compared to many other midsize SUVs on the market.
Why Toyota Highlanders Hold Their Value
There are several key reasons why Toyota Highlanders tend to hold their value so well:
- Reliability and Durability: Toyota is renowned for manufacturing highly reliable and durable vehicles, and the Highlander is no exception. Highlanders are known to last for many years with proper maintenance, which boosts their resale value.
- Strong Reputation: The Toyota brand has an excellent reputation for quality, reliability, and customer satisfaction. This brand reputation helps maintain the Highlander's value over time.
- High Demand: The Highlander is a popular midsize SUV, with consistent demand from both new and used car buyers. This high demand helps keep resale values strong.
- Low Depreciation Rates: Highlanders typically depreciate at a slower rate compared to many other SUVs in the same class. This means they retain a higher percentage of their original value over time.
These factors all contribute to the Toyota Highlander's reputation as an SUV that holds its value exceptionally well, making it a smart long-term investment for many buyers.
Highlander Resale Value Compared to Competitors
When compared to other midsize SUVs, the Toyota Highlander consistently ranks among the top models for resale value. According to industry data, the Highlander typically retains around 60-65% of its original purchase price after 5 years of ownership, which is significantly higher than the average for the midsize SUV segment. This strong resale value can make the Highlander an attractive option for buyers who plan to own the vehicle for several years.
In contrast, some of the Highlander's key competitors, such as the Honda Pilot and Ford Explorer, tend to have lower resale values over time. For example, the Honda Pilot may only retain around 50-55% of its original value after 5 years, while the Ford Explorer could be as low as 45-50%.
The Highlander's ability to hold its value makes it a smart choice for buyers who want to minimize their long-term ownership costs and maximize the return on their investment when it comes time to sell or trade in the vehicle.
Which years Highlander is the best?
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 considered high mileage for a Toyota Highlander?
Maintenance Steps for High Mileage Toyotas. Generally speaking, a car is considered a “high mileage” model after it hits 100,000 miles. At this point, the car will likely be due for some comprehensive service, or at the very least, a thorough checkup.
Why is Toyota Highlander so popular?
The Toyota Highlander is one of the best-selling three-row, midsize family SUVs in the US. I recently drove a 2024 Toyota Highlander Hybrid with all-wheel-drive in top-spec Platinum trim. I was impressed by its efficient hybrid powertrain, well-designed cabin, and strong build quality.
What is the life expectancy for Toyota Highlander?
300,000 miles
How Long Does a Toyota Highlander Last? 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.
What year to stay away from Highlander?
TL;DR. In a nutshell, 2003, 2004, 2005, 2008, 2014, and 2015 are the most problematic years that you should avoid if you are on the path to getting a used Toyota Highlander. Major automotive platforms give Toyota Highlander a good score in terms of reliability. In general, they are above-average good cars.
Which Toyota models have the best resale value?
The high resale value of the Tacoma, Tundra, and 4Runner emphasizes their durability and longevity, so you know you can count on your new-to-you auto for years to come.
What are the disadvantages of the Highlander?
Lows Limited third-row space, small cargo capacity behind third row, yawn-inducing driving dynamics. Verdict The Highlander has plenty of family appeal for its fuel efficiency and numerous safety features, but rivals offer more third-row space, cargo room, and driving enjoyment.
What is the most common problem with a Toyota Highlander?
If you are Highlander owner now, or are thinking of becoming one, these are the common issues you should know about.
- Oil Leaks And Loss Of Oil Pressure.
- Malfunctioning Oxygen Sensor.
- Air Filter Housing Hose Disconnect.
- Ignition Coil Failure.
- Airbag Warning Light Due To Problematic Airbag Sensor.
What is the lifespan of a 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.
Does the Toyota Highlander hold resale value?
A 2022 Toyota Highlander has depreciated $13,698 or 32% in the last 3 years and has a current resale value of $28,433 and trade-in value of $25,605. The 2022 Toyota Highlander is in the top 10-25% for depreciation among all 2022 SUVs.
