Do Toyota highlanders hold their value?
The Toyota Highlander has long been a popular choice among families and individuals seeking a reliable and spacious SUV. One of the key considerations for potential buyers is the vehicle's resale value. In this article, we will explore the factors that contribute to the Highlander's ability to retain its value over time, as well as provide insights into its market performance.
Factors Influencing Resale Value
Several factors play a significant role in determining how well a vehicle holds its value. For the Toyota Highlander, these include:
- Brand Reputation: Toyota is known for its reliability and durability, which enhances the Highlander's appeal in the used car market.
- Demand: The Highlander is consistently in demand due to its spacious interior, safety features, and versatility, making it a sought-after option for families.
- Fuel Efficiency: With rising fuel prices, the Highlander's relatively good fuel economy compared to other SUVs helps maintain its value.
- Maintenance Costs: Toyota vehicles generally have lower maintenance costs, which can attract buyers looking for long-term ownership.
- Features and Technology: The Highlander is equipped with modern technology and safety features, which can make older models more appealing to buyers.
Market Performance
According to various automotive industry reports, the Toyota Highlander consistently ranks among the top SUVs for resale value. In fact, it often appears in lists of vehicles that depreciate the least over a five-year period. This strong market performance can be attributed to the factors mentioned above, as well as Toyota's commitment to quality and customer satisfaction.
Conclusion
In summary, the Toyota Highlander does indeed hold its value well compared to many other vehicles in its class. Its strong brand reputation, high demand, and favorable ownership costs contribute to its impressive resale value. For anyone considering purchasing a Highlander, rest assured that you are making a sound investment that is likely to retain its worth over time.
Frequently Asked Questions
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 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.
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.
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 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 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.
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.
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.
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.
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.
