Do Toyota Yaris hold their value?
The Toyota Yaris is a compact car that has a reputation for being reliable and affordable, but how well does it hold its value over time? According to the research, the Toyota Yaris generally holds its value quite well compared to other vehicles in its class.
Factors Affecting Resale Value
The resale value of a vehicle is influenced by several key factors, including:
- Reliability and Durability: Vehicles that are known for their reliability and ability to withstand the test of time tend to hold their value better. The Toyota Yaris is widely regarded as a reliable and durable car, which contributes to its strong resale value.
- Demand and Supply: Vehicles with high demand and limited supply tend to hold their value better. The Toyota Yaris is a popular and well-liked car, which helps maintain its resale value.
- Maintenance and Condition: Vehicles that are well-maintained and kept in good condition will generally hold their value better than those that have been neglected or abused.
By considering these factors, it's clear why the Toyota Yaris is able to maintain its value so well over time.
Resale Value Estimates
According to industry data, the Toyota Yaris typically retains around 50-60% of its original value after 3 years of ownership. This is a relatively strong resale value compared to many other compact cars in its class, which often see a steeper decline in value over the same period.
The exact resale value of a Toyota Yaris will depend on factors such as the specific model year, mileage, condition, and location. However, the Yaris consistently ranks among the top vehicles in its class for resale value, making it a smart choice for those looking to minimize their long-term ownership costs.
How much should I pay for a Toyota Yaris?
Toyota Yaris (2020 onwards) Used Prices
| Top version | Used price range |
|---|---|
| 1.5 Hybrid 130 GR Sport 5dr CVT [Safety/Bi-tone] | £18,715 - £23,310 |
What is the common problem in Toyota Yaris?
Common problems with the Toyota Yaris
Excessive oil consumption: According to owners, some older Yaris models (especially pre-2015) tend to consume oil more rapidly, which can lead to reduced engine efficiency and potential damage if not monitored regularly. Make sure to regularly check and top up oil levels.
Is it worth it to buy a Toyota Yaris?
Is the Toyota Yaris worth buying? For most buyers, yes. It's economical to run, good to drive, and won't let you down. On the other hand, if you want a really spacious small car, you may prefer the Honda Jazz.
What is the resale value of a Toyota Yaris?
Toyota Yaris Depreciation
| Years Old | Depreciation | Resale Value |
|---|---|---|
| 1 | $2,493 | $16,755 |
| 2 | $4,192 | $15,056 |
| 3 | $4,999 | $14,249 |
| 4 | $5,388 | $13,860 |
Is Toyota Yaris a reliable vehicle?
The Toyota Yaris Reliability Rating is 4.5 out of 5.0, which ranks it 1st out of 21 for subcompact cars. The average annual repair cost is $333 which means it has excellent ownership costs. The severity of repairs is low while frequency of those issues is average, so major issues are uncommon for the Yaris.
What is the most common problem with Toyota Yaris?
Common problems with the Toyota Yaris
Excessive oil consumption: According to owners, some older Yaris models (especially pre-2015) tend to consume oil more rapidly, which can lead to reduced engine efficiency and potential damage if not monitored regularly. Make sure to regularly check and top up oil levels.
Do Toyota Yaris hold value?
A 2020 Toyota Yaris has depreciated $5,848 or 31% in the last 3 years and has a current resale value of $12,579 and trade-in value of $11,095. The 2020 Toyota Yaris is in the top 10% for depreciation among all 2020 Sedans.
What was the worst year for a Toyota Yaris?
2008
Although the 2008 Yaris has fewer complaints, its problems are more severe and at low mileage. For this reason, CarComplaints gave the 2008 Toyota Yaris the distinction as the worst model year. The 2008 model suffered from peeling clear coats and paint like the previous year.
What are the disadvantages of Toyota Yaris?
The Toyota Yaris, especially the 2020 model, has been subject to criticism for its slow acceleration. With a modest engine power, it takes roughly 9.6 seconds to reach 60 mph, which is quite sluggish compared to many other subcompact cars.
How many miles will a Toyota Yaris last?
What is Toyota Yaris lifespan? The estimated lifespan of a Toyota Yaris is 161,000mi, before reaching the life expectancy upper limit. Fuel type is a major factor when looking into a vehicles lifespan/life expectancy.
