Do Toyota Hilux hold their value?
Yes, Toyota Hilux trucks are known for holding their value exceptionally well. The Hilux is a highly durable and reliable pickup truck that has a reputation for being able to withstand tough conditions and last for many years. This, combined with Toyota's overall reputation for quality and reliability, contributes to the Hilux's strong resale value.
Why the Toyota Hilux Holds Its Value
There are several key reasons why the Toyota Hilux is able to maintain its value so well over time:
- Durability and Reliability: The Hilux is built to be a tough, workhorse-like vehicle that can handle heavy-duty tasks and harsh environments. This reputation for durability and reliability makes the Hilux an attractive used vehicle option for many buyers.
- Toyota Brand Reputation: Toyota is widely regarded as one of the most reliable and dependable automotive brands. The Hilux benefits from this strong brand reputation, as buyers know they are getting a high-quality vehicle.
- Limited Availability: The Hilux is not sold in all global markets, including the United States. This limited availability can contribute to higher demand and better resale values in the markets where it is available.
- Customization and Modifications: The Hilux is a popular platform for customization and modifications, which can further increase its value on the used market for buyers looking for a unique or specialized truck.
Overall, the combination of the Hilux's inherent durability, Toyota's brand reputation, limited availability, and customization potential all contribute to its exceptional ability to hold its value over time.
Hilux Resale Value Compared to Other Trucks
When compared to other popular pickup trucks, the Toyota Hilux consistently ranks among the best in terms of resale value. According to data from automotive research firm Kelley Blue Book, the Toyota Hilux typically retains around 80-90% of its original value after 3 years of ownership, which is significantly higher than many other truck models in the same class. This makes the Hilux an attractive option for buyers who are looking to minimize their depreciation costs over the long term.
In summary, the Toyota Hilux is renowned for its ability to hold its value exceptionally well due to its durability, reliability, brand reputation, limited availability, and customization potential. This makes it a smart choice for buyers who are looking to maximize their resale value when the time comes to sell or trade-in their vehicle.
What is the common problem of Toyota Hilux?
While the Toyota Hilux pickup truck is known for its durability and reliability, it is not immune to common issues that may arise. Turbo problems, starting and misfiring issues, loss of power, crank seal oil leaks and 5th gear synchronisation problems are some of the most common problems faced by Toyota Hilux owners.
How much should I pay for a HiLux?
All Toyota HiLux pricing and specs
| Year | Price From* | Price To* |
|---|---|---|
| 2024 | $23,210 | $81,730 |
| 2023 | $22,440 | $79,090 |
| 2022 | $24,090 | $71,170 |
| 2021 | $21,670 | $67,540 |
What vehicle holds its value the longest?
Cars with the Best Resale Value
| Rank | Model | 5 Year Residual Value |
|---|---|---|
| 1 | Mazda MX-5 Miata | 81.66% |
| 2 | Subaru Crosstrek | 78.23% |
| 3 | Honda CR-V | 77.10% |
| 4 | Toyota Tacoma | 76.71% |
Is Toyota Hilux expensive to maintain?
The maintenance costs for a Toyota Hilux are typically lower than most other vehicles in its class. The cost of regular oil changes, brake pad replacements, tire rotations, and other routine maintenance are relatively low. Parts and labor costs are also low compared to other brands.
Is Toyota Hilux a reliable car?
Financial Protection: The Hilux is known for its reliability, but repair costs can still add up. A comprehensive car warranty helps cover these expenses, providing you peace of mind. Coverage for Common Issues: Even a tough truck like the Hilux may need repairs.
What is Toyotas number one selling car?
Why These 5 Models Are Toyota's Top Sellers
- #1: The Toyota RAV4 - Toyota's Highest Selling SUV.
- #2: The Toyota Camry - The Most Popular Car Model in North America.
- #3: The Toyota Highlander - Toyota's Rising Star.
- #4: The Toyota Corolla - A Fuel-Efficient Family Car.
- #5: The Toyota Tacoma - Toyota's Best-Selling Pickup.
What is the depreciation rate of a Toyota Hilux?
The well-loved Toyota Hilux is a classic example: the base model manual 4x2 Workmate boasts a pleasantly low first-year depreciation rate when sold privately (around 15%), but selling it as a trade-in means the depreciation rate jumps to more than 30%.
Which Toyota car has the best resale value?
The 2022 Tundra has a five-year resale value of 70.2%, earning it the top spot overall out of every vehicle.
Which pickup trucks depreciate the most?
Contents hide
- Ford F-150: 49% 5-Year Residual Value.
- GMC Sierra 2500 HD: 55% 5-Year Residual Value.
- Ford F-250 Super Duty: 55% 5-Year Residual Value.
- Nissan Titan: 58% 5-Year Residual Value.
- Chevrolet Silverado 2500 HD: 59% 5-Year Residual Value.
- Take Truck Depreciation Into Consideration.
How long will a Toyota Hilux last?
What is Toyota Hilux lifespan? The estimated lifespan of a Toyota Hilux is 522,000mi, before reaching the life expectancy upper limit.
