Does Venza have good resale value?
The Toyota Venza is a midsize crossover SUV that has been on the market since 2009. When it comes to resale value, the Venza generally performs well compared to other vehicles in its class. According to industry data, the Venza has above-average resale value and is considered a good investment for those looking to purchase a vehicle with strong residual value.
Factors Affecting Venza's Resale Value
Several factors contribute to the Venza's solid resale value:
- Toyota Reliability: As a Toyota model, the Venza benefits from the brand's reputation for reliability and durability. Toyota vehicles tend to hold their value well over time.
- Demand and Popularity: The Venza has maintained steady demand and popularity among midsize crossover buyers. Its combination of utility, comfort, and Toyota heritage makes it an appealing used vehicle option.li>
- Depreciation Rates: Compared to many other midsize SUVs, the Venza experiences relatively low depreciation rates in the first few years of ownership. This helps preserve its resale value.
- Maintenance and Repair Costs: As a Toyota model, the Venza is generally inexpensive to maintain and repair, which contributes to its strong resale value over time.
These factors all contribute to the Venza's above-average resale value compared to its competitors in the midsize crossover segment.
Venza Resale Value Estimates
According to industry data, a 3-year-old Toyota Venza typically retains around 60-65% of its original MSRP value. This is considered a very good resale value for a midsize crossover SUV. In comparison, many other midsize SUVs may only retain 50-55% of their value after 3 years.
The Venza's resale value can also vary depending on factors like mileage, condition, and trim level. Higher-end Venza trims and models with lower mileage tend to have the strongest resale values. Overall, the Venza's combination of Toyota reliability, popularity, and low depreciation rates make it a smart choice for those concerned about resale value.
Is the Toyota Venza noisy?
But road noise is noticeable, particularly on coarse pavement, and the gasoline engine gets loud when it kicks on.
What is the disadvantage of Venza?
The 2024 Toyota Venza's aggressive styling borrows cues from Lexus and other luxury brands. Its interior design is upmarket too. On the downside, the Venza doesn't offer as much passenger and cargo space as its rivals, and it's not rated for towing.…
Is Toyota Venza expensive to insure?
2021 Toyota Venza Car Insurance
When it comes to insuring a Venza, the average 2021 Toyota Venza typically costs about $69 per month to insure for liability only and $161 monthly for full coverage.
How well is the Toyota Venza selling?
US Monthly Sales
| Year | Jan | Oct |
|---|---|---|
| 2021 | 3,358 | 3,251 |
| 2022 | 4,464 | 3,705 |
| 2023 | 2,888 | 2,896 |
| 2024 | 2,189 | 803 |
Why is the Toyota Venza not selling?
Toyota discontinued the Venza in 2020 as part of a strategy to streamline its SUV lineup and focus on more popular models. The original Venza, which was produced from 2008 to 2015, was not selling as well as anticipated, leading to its initial discontinuation.
Is Venza better than RAV4?
RAV4 at a Glance. The Toyota Venza and Toyota RAV4 are both two-row SUVs that can enjoy hybrid fuel efficiency. The RAV4 offers more trim levels, but the Venza comes standard with more high-end features. Choose the Toyota Venza for a longer frame; choose the RAV4 for more cargo volume.
What year is best for a Toyota Venza?
Most Reliable Years for the Toyota Venza
To ensure you purchase a great used Toyota Venza that will serve you and your family well for years to come, you'll want to pick a vehicle from one of the best model years. These include: 2014 Toyota Venza. 2015 Toyota Venza.
What is the average life of a Toyota Venza?
According to motorbiscuit.com, a typical Toyota Venza will last 200,000-250,000 miles before it starts to go downhill. A combination of environmental factors and natural wear and tear will contribute to this aging, some of which you have control over and some of which you don't.
What year is best for Toyota Venza?
Most Reliable Years for the Toyota Venza
To ensure you purchase a great used Toyota Venza that will serve you and your family well for years to come, you'll want to pick a vehicle from one of the best model years. These include: 2014 Toyota Venza. 2015 Toyota Venza.
Is Venza expensive to maintain?
A Toyota Venza will cost about $5,862 for maintenance and repairs during its first 10 years of service. This beats the industry average for popular SUV models by $2,388. There is also a 16.08% chance that a Venza will require a major repair during that time. This is 7.39% better than similar vehicles in this segment.
