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Do Toyota Yaris hold their value?


The Toyota Yaris has long been recognized for its reliability, fuel efficiency, and compact design, making it a popular choice among budget-conscious drivers. But one question that often arises for potential buyers and current owners alike is: do Toyota Yaris vehicles hold their value over time? In this article, we will explore the factors that contribute to the resale value of the Yaris and how it compares to other vehicles in its class.


Factors Influencing Resale Value


Several key factors influence the resale value of any vehicle, including the Toyota Yaris. Understanding these can help you make informed decisions whether you're buying or selling.



  • Brand Reputation: Toyota is known for producing reliable vehicles, and the Yaris is no exception. This reputation helps maintain its value over time.

  • Fuel Efficiency: The Yaris is celebrated for its excellent fuel economy, making it an attractive option for cost-conscious buyers, which can enhance its resale value.

  • Market Demand: The demand for compact cars like the Yaris tends to remain steady, especially in urban areas where parking space is limited.

  • Condition and Maintenance: A well-maintained Yaris will naturally hold its value better than one that has been neglected. Regular servicing and care can significantly impact resale value.

  • Model Year and Features: Newer models with updated features and technology tend to have higher resale values. Buyers often look for the latest safety and entertainment options.


Comparative Resale Value


When compared to other vehicles in its class, the Toyota Yaris generally performs well in terms of resale value. According to various automotive studies, the Yaris often ranks favorably against competitors like the Honda Fit and Ford Fiesta. This is largely due to Toyota's strong brand loyalty and the Yaris's reputation for longevity.


Conclusion


In summary, the Toyota Yaris does hold its value relatively well compared to many other vehicles in the compact car segment. Factors such as brand reputation, fuel efficiency, and market demand all contribute to its resale value. For those considering a purchase, the Yaris represents a smart investment that is likely to retain a good portion of its value over time.


Frequently Asked Questions

How much should I pay for a Toyota Yaris?


Toyota Yaris (2020 onwards) Used Prices

Top versionUsed price range
1.5 Hybrid 130 GR Sport 5dr CVT [Safety/Bi-tone]£18,715 - £23,310



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.



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.



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 OldDepreciationResale Value
1$2,493$16,755
2$4,192$15,056
3$4,999$14,249
4$5,388$13,860



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.



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 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.


Kevin's Auto

Kevin Bennett

Company Owner

Kevin Bennet is the founder and owner of Kevin's Autos, a leading automotive service provider in Australia. With a deep commitment to customer satisfaction and years of industry expertise, Kevin uses his blog to answer the most common questions posed by his customers. From maintenance tips to troubleshooting advice, Kevin's articles are designed to empower drivers with the knowledge they need to keep their vehicles running smoothly and safely.