Does the Toyota Highlander have a good resale value?
Yes, the Toyota Highlander is known for having a strong resale value. According to industry experts, the Highlander typically retains a high percentage of its original purchase price after several years of ownership, making it a smart choice for those looking to get the most value out of their vehicle investment.
Factors Contributing to the Highlander's Resale Value
The Toyota Highlander's excellent resale value can be attributed to several key factors:
- Reliability and Durability: Toyota is renowned for manufacturing vehicles that are exceptionally reliable and durable, and the Highlander is no exception. This reputation for quality and longevity helps maintain the vehicle's value over time.
- Popularity and Demand: The Highlander is one of Toyota's best-selling SUV models, which means there is a consistent demand for used Highlanders in the market. This high demand helps keep resale values strong.
- Minimal Depreciation: The Highlander typically experiences lower-than-average depreciation rates compared to other SUVs in its class. This means the vehicle retains a larger percentage of its original value as it ages.
- Versatility and Practicality: The Highlander's spacious interior, comfortable ride, and family-friendly features make it a versatile and practical choice for many buyers, both new and used, which contributes to its strong resale value.
These factors, combined with Toyota's reputation for quality and reliability, make the Highlander a smart investment for those looking to get the most value out of their vehicle purchase.
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 a higher percentage of its original purchase price after 3-5 years of ownership compared to competitors like the Honda Pilot, Ford Explorer, and Chevrolet Traverse.
This strong resale value can be a significant factor for buyers who plan to sell or trade in their Highlander in the future, as it can help offset the initial cost of the vehicle and provide a better return on their investment.
Maintaining Resale Value
To ensure the Highlander maintains its excellent resale value, it's important for owners to properly maintain the vehicle and keep it in good condition. This includes:
- Regularly scheduled maintenance and repairs according to the manufacturer's recommendations
- Keeping the vehicle clean and well-cared for, both inside and out
- Avoiding any major modifications or customizations that could negatively impact the vehicle's appeal to future buyers
- Keeping detailed maintenance records and documentation to provide to potential buyers
By following these best practices, Highlander owners can help ensure their vehicle retains its high resale value and provides a strong return on their investment when the time comes to sell or trade it in.
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 is the best year of Highlander to buy used?
Best Toyota Highlander Years to Buy Used
- The best choice is probably the 2008-2013 version.
- Launched in 2000, the Toyota Highlander is a midsize SUV known for its reliability, safety, and comfort.
- Third-generation models of this family-friendly SUV grew longer and wider in 2014.
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.
Does the Toyota Highlander hold its value?
A 2022 Toyota Highlander has depreciated $13,523 or 32% in the last 3 years and has a current resale value of $28,303 and trade-in value of $25,601. The 2022 Toyota Highlander is in the top 10-25% for depreciation among all 2022 SUVs.
How long is a Toyota Highlander expected to last?
There is no definitive answer, but as a general rule of thumb, a Toyota Highlander that has been well-maintained can last for over 200,000 miles and even up to 300,000 miles. So, if you're looking at a used Highlander that has been properly cared for, it should last you for many years to come.
Is a Toyota Highlander worth the money?
The 2025 Toyota Highlander is a very well-packaged midsize SUV, offering a comfortable ride and a list of standard features that you're more likely to find in upper trims of rivals. It may not win any awards when it comes to cargo space or third-row legroom, but the Highlander delivers plenty for the money.
