10 New Toyota Models With The Best Resale Value

Some of us like to drive a car until the wheels fall off. If that’s you, then you don’t care about depreciation. But, if you’re the type who’d rather trade in your car every five years for something new, then it’s in your best interest to find something that holds its value well, and Toyota is a tough brand to beat in that regard, with an average five-year value retention of 85.52%, according to CarEdge, assuming minimal mileage and excellent maintenance.

If you’re wondering why Toyota’s pickups are missing from the list, the Toyota Tundra had a major engine recall for the 2022-2023 model years, and the 2022-2023 Tacomas had an issue with rear axle shaft separation. With that out of the way, these are the ten new Toyotas most expected to hold their value come trade-in time.

The numbers cited below have been sourced from CarEdge based on decent examples of each vehicle, with an average of 12,000 miles driven per year.

10 2024 Toyota Venza – Residual Value After 5 Years: 78%

The 2024 Toyota Venza is set to be the last of its kind, before being replaced by the Toyota Crown Signia (an SUV version of the Toyota Crown) next year. You can still get your hands on a Signia, but we’ll have to wait and see how well the new Crown Signia holds up to depreciation.

The Venza wasn’t exactly a dud in terms of sales, averaging a respectable 30,000 sales a year in 2022 and 2023, but the crossover SUV market is crowded enough as is, and Toyota is hoping that the Crown Signia will stand out a little better. Buying a new Venza at $35,070 should give you a five-year resale value of around $27,354 if you can keep it in good shape.

9 2024 Toyota Land Cruiser – Residual Value After 5 Years: 78%

Reviewing the 2024 Land Cruiser, we found the SUV to be a capable rival to dedicated off-roaders like the Wrangler and the Ford Bronco. The interior is spacious, comfortable, and modern, it can tow up to 6,000 pounds, and it offers six different driving modes through its Multi-Terrain settings: Auto, Dirt, Sand, Mud, Rock, and Deep Snow. This means that you can ably navigate rough ground and bad weather no matter your experience level behind the wheel of a 4×4. At $55,950, a new Land Cruiser should net you a resale value of $44,729 after five years.

8 2024 Toyota RAV4 Prime – Residual Value After 5 Years: 78%

With most Toyotas, we’ll tell you that it’s not a bad idea to hold onto them for as long as you can. Pretty much no other automaker can match Toyota for long-term value. But, EVs and hybrids like the Toyota RAV4 Prime are an exception, because the batteries come with a built-in expiration date, typically lasting about a decade before they need to be replaced, and that can cost a few grand for a small hybrid battery like those found in the Prius, or $10,000 and up for the larger batteries found in plug-in hybrids like the RAV4 Prime. So when it comes to hybrids, trading your car in or selling it off every five years or so isn’t a bad idea, no matter how reliable it may be.

7 2024 Toyota Corolla – Residual Value After 5 Years: 79%

The Toyota Corolla is one of a dying breed of autos on the current market: a capable sedan selling for under $25,000. You can upgrade to a high-end XSE model for $27,250, but at that point, you might as well go shopping for a Prius Prime or something and reap the benefits of a plug-in hybrid. The car is budget-priced, but it doesn’t feel cheap. The interior is comfortable and roomy enough for small families with a good ergonomic layout. Nobody in their right mind would call it sporty, and the FWD model can take around ten seconds to get up to 60 mph, but it performs capably enough on highways and city streets once you get it going. Expect to earn around $17,419 on the resale after five years.

6 2024 Toyota Corolla Cross – Residual Value After 5 Years: 79%

It’s easy to describe the Toyota Corolla Cross as a simple SUVification of the Corolla because that’s pretty much exactly what it is. You’ve got more room in the cabin, but it’s essentially the same car with the same engine and the same power output. You can upgrade to a 196-horsepower hybrid model for $27,970 with the Corolla Cross Hybrid S, and that’ll get you a little more oomph when you hit the gas. But, by and large, the Cross and the Corolla have more in common than they don’t. Expect to sell your Toyota Corolla Cross for $18,651 after the first five years, assuming you go with an entry-level model.

5 2024 Toyota RAV4 – Residual Value After 5 Years: 79%

There are a lot of different Toyota RAV4 models to choose from, but the base FWD 203-horse model is more than enough for most customers who want a daily driver that can do a little bit of off-roading on the weekends. The base MSRP stands at $28,675, and you can add all-wheel drive to a trim level of your choice for $1,400. If you want a more capable off-roader, you’re looking for the Adventure, at $34,670, or the TRD Off-Road, at $38,095. A base model will sell for around $22,653 after the first five years, while a TRD Off-Road should sell for just over $30,000 if you keep it in good shape and don’t hit too many rocks and trees on the trail.

4 2024 Toyota Highlander – Residual Value After 5 Years: 79%

Reviewing the 2024 Toyota Highlander, we noted that the car was starting to feel a little bit dated, having been introduced in the 2019 model year. The larger Grand Highlander is a welcome modernization of the classic Toyota SUV, but it has only just hit the market, so there’s no data to point out an expected resale value. That said, it should probably perform similarly to the base Highlander. If you can keep your Highlander in good condition, you should expect a return of around $31,023 on a base model in five years.

3 2024 Toyota 4Runner – Residual Value After 5 Years: 80%

The new 4Runner hasn’t been on sale for long enough to have an estimated resale value, but demand is high so we’re expecting similar figures to the outgoing V6 model. There are still 2024 models available on lots, perfect for those who don’t want the new hybrid model.

The V6 4Runner starts you off at 270 hp, and it’s a heck of a performer on dirt trails and in bad weather, but the dated interior might turn off some drivers. If you can keep from banging your 2024 4Runner up on trails and back roads, expect a resale value in the $32,500 range after five years.

2 2024 Toyota Prius – Residual Value After 5 Years: 83%

The Toyota Prius is, for all intents and purposes, the car that announced the hybrid to the world when it debuted way back in the late 1990s. Today, it’s still as relevant as ever, no matter how crowded the hybrid segment gets, thanks in no small part to its incredible 57/56 MPG city/highway fuel economy. Now sold as a stylish hatchback with a seven-second 0-60 sprint, the Prius is kinda fun to drive, too. With a five-year residual value of 83% and a starting MSRP of $27,950, an entry-level Prius should sell for a little over $23,000 five years from now.

1 2024 Toyota Prius Prime – Residual Value After 5 Years: 83%

Like its non-plug-in sibling, the Toyota Prius Prime has gone through a transformation in recent years from a practical but joyless daily driver to a car that is, if not incredibly sporty, at least not a bore to drive. Improved grip and handling, cushy suspension, and a 0-60 sprint of just over six seconds make for an everyday ride that drives more like a car than it does like a golf cart.

The Prius Prime can go for up to 44 miles on a full battery without the need to burn any gas, so your savings go beyond its excellent resale value. That resale value, by the way, should put you at a sale price of $27,369 after five years of ownership.