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My true cost of ownership series continues.
This is where I look at a vehicle's resale value: its fuel cost maintenance and repair costs, insurance and depreciation.
This one is on the tacoma, which will depreciate only 29 after five years of ownership, with a five-year resale value of just about twenty seven thousand dollars as a mid-sized pickup truck it's perhaps one of the best vehicles on the road for holding its value offers exceptional value, both as a new vehicle and as a used one if you're looking to buy one with practicality, reliability and good value, the tacoma is a tough vehicle to beat in terms of all around greatness.
This chart here shows the expected depreciation on a tacoma over the next 10 years of ownership, and these results are for vehicles in good condition, averaging 12 000 miles per year and assuming a selling price of around 37 700 when new, so, let's say you're deciding between new and used.
If you buy a used tacoma, that's two years old, you could save thousand one hundred dollars compared to buying new and still have a relatively new model with plenty of useful life remaining.
If you plan on keeping that vehicle for three years and your total cost of depreciation will be around thirty six hundred bucks, your average cost to ensure a tacoma is around 1400 per year.
It adds up to around 7 200 after five years of ownership and unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums, the best model years to buy as of right.
Now, this recording a 2020 is your best pick for value with the 2020.
You would only pay on average 83 of the price as new with 92 percent of vehicles.
Useful life remaining, that's great.
The 2021 and 2019 model years are also good and provide a relatively good value.
This is based on multiple factors, including its price as new current price maintenance costs and remaining years of overall predictable expenses, maintenance and repair costs, which is a reality, will amount to just 1700 bucks after five years.
These include schedule maintenance, normal wear and tear items and expected repairs.
These estimates exclude any free, warranty, work that may be performed financing.
Now the average cost to finance a new one would be about 4 400 bucks after five years, assuming a 72 month loan with an apr or 4.75 percent with a 20 down payment, which of course you can get much lower than that and fuel economy.
The tacoma gets on average around 20 miles per gallon, which will cost nine thousand dollars in fuel after five years or around eighteen hundred bucks per year.
These estimates are based on recently collected national averages for fuel prices assuming twelve thousand miles driven every year, 55 of that in the city, 45 of that on the highway.
As you can see here, there are plenty of reasons by the numbers to buy at tacoma.
If you are interested and serious about one, whether it's new or used check out quotes.everymandriver.com to get the best deals and quotes in your zip code from qualified dealerships.
Again, that's quotes.everymandriver.com here is your ever shrinking list of manual transmissions available in america for 2022.
it gets smaller every year.
These are trucks, cars and crossovers.
Let's begin bmw, m3 and m4 cadillac ct4 and 5v blackwing, the camaro and spark are on there.
The challenger ford mustang, as well as the bronco, got a couple of civics on here: an si and hatchback the veloster and elantra n from hyundai.
The gladiator has a stick.
So does the wrangler, of course, the kia forte forte gt manual mini cooper, hardtop and convertible, the mitsubishi mirage, as if you'd buy one there's, also the mirage g4 again, if you're, desperate, nissan z, versa, the porsche 718 911.
A couple of subarus on here would love that brz crosstrek, impreza wrx couple of toyotas as well the corolla and hatchback and tacoma so corolla and corolla, hatchback and tacoma, and then volkswagen offers the golf golf gti and the jetta.
That is your list.
The only list in america where you'll find vehicles available with a manual transmission.
So hang on to it.
If you have one, because you won't find many more as each year, the list gets smaller and smaller.
So these are the top five most expensive car parts and problems to repair.
On your vehicle number five suspension problems.
Your suspension system includes your tires springs and shock absorbers.
It's designed to help you provide a smooth and safe ride.
In the road, if your suspension does go out, driving could become a safety hazard.
Additionally, broken suspension could easily damage other parts of your cars, suspension.
Repair costs often come in around 1500 bucks or more.
In some cases, you may only need to replace some small parts of the suspension which could cost between 200 and 500 bucks for more serious problems.
You could easily see a price tag in the thousands number four air bag replacement.
This can be a major financial hit since most car crashes require additional repair work outside of just replacing the airbags for most cars.
The airbag replacement cost is around a grand per airbag.
If multiple airbags go off, that number could go up pretty fast number: three transmission failure, the transmission, transmits power from your engine to your drive, shaft, making it a vital component in your vehicle.
If it goes out your car can't drive.
Unfortunately, this important component comes with a hefty cost, as they all do.
Transmission repair costs generally come in around a grand.
However, in some cases you need to replace the transmission transmission repair costs generally come in at around a grand.
However, in some cases, you'll need to replace the transmission altogether.
That's far more expensive expect to pay anywhere from fifteen hundred to six grand for a new transmission number two, a dead hybrid battery.
I hope this hasn't happened to me since I have a tesla model.
Three hybrids are good for lowering your overall gas mileage and carbon footprint, making them a great choice for the eco-conscious.
However, these cars typically run on a special battery on top of the standard small 12 volt.
If hybrid battery goes out, you have an expensive problem on your hands.
Most hybrid batteries are expected to last between 8 and 10 years, a new hybrid battery costs upwards of six grand and by far the number one most expensive thing is.
Engine failure is by far the most important component of your car.
If it goes out, you may as well not even have a car.
That's why engine maintenance is so important.
A well-maintained engine can last you close to 200 000 miles.
However, if something does go wrong or you fail to take care of it, we all do that every once in a while, it will uh cost you a arm and a leg.
A new engine will cost you between four and eight grand on average.
This kind of cost may force you to decide whether you're still interested in keeping that car or whether it's time to junk it all together as a good follow-up here, when is a good time to sell your damaged vehicle if it gets to that point, well, a good rule of thumb on when to sell.
If the cost of repairing your car is 50 or more of your car's value, it might be time to put it on the market.
Of course, you have to factor in other considerations as well, including how long will it take to repair your vehicle? How long can I go without a vehicle, and will I have to pay for a rental? While I wait, if you happen to be in the market for a new vehicle car or truck or suv- and you want to get the best deals and quotes in your zip code- check out quotes.everymandriver.com, it's a free shopping tool, you type in the make model and your zip code and qualify dealers will pop up on the right side of your screen, just choose which ones you want to work with, and then you are on your way to getting a great quote in your area.
If you don't find what you're looking for, if dealers don't pop up just expand your zip code, it's a free service at quotes.everymandriver.com odds.
Are your vehicle? Has a one percent chance of reaching 200 000 miles? Is that disturbing? Does that bother you? If you can get that many miles out of your car? That's pretty good investment.
Don't you think here are the longest lasting cars to reach 200 000 miles.
Maybe yours is on the list, so my friends over ic cars.com, did a study and sent it to me this morning trying to figure out which cars last the longest which cars best demonstrate.
Longevity and reliability for their drivers, so they analyze more than or nearly 12 million cars to determine which vehicles are most likely to reach that 200 000 mile mark and beyond.
Here are the key findings.
Truck-Based suvs represent the majority of this list that you see here.
Toyota's accounted for six of the top ten vehicles with land cruiser and sequoia dominating the competition.
Sixth ranked avalon is the only sedan to make the list.
Eighth ranked highlander hybrid is the only crossover on this list.
In addition to the overall longest lasting list, they have a comprehensive study that also examined longest lasting pickup trucks analysis by brand and much more once you have a chance to review this.
You can see the link below and see if some of these vehicles are something you want to look into in the near future.
I guess I'm not surprised to see land cruisers, sequoia and even the suburban and maybe even the expedition at the top of the list, really happy to see the 4runner, because I used to own a 4runner.
The reason why I think these vehicles are on the list is because they're large family, haulers and people who make that kind of investment and have a lot of people to carry around want to keep those vehicles as long as possible.
My question to you is: how many miles do you have on your vehicle and what vehicle do you drive? That has that many miles? Is it on this list? Should it be on this list? Leave it in the comment section below and do some bragging about how many miles you put on your car.
If you have a land cruiser, I'm not surprised, but if you have a toyota prius, I'm a little bit surprised in a way.
Anyhow, that's it! For today, you can find a link to this full study in the description below from icycars.com.
See you next time, adios thanks for watching! Please click subscribe and give us a thumbs up.
See you next time you.
The 2023 Toyota Tacoma starts at $27,250 for the base SR trim. The SR5 begins at $29,040, the Limited model starts at $40,005, and the Trail Special Edition begins at $40,470.How much is a Tacoma full price? ›
The 2023 Toyota Tacoma starts at $27,250 for the base SR trim. The SR5 begins at $29,040, the Limited model starts at $40,005, and the Trail Special Edition begins at $40,470.How much should I pay for a Tacoma? ›
Based on Edmunds analysis of recent prices paid in your area, the Edmunds Suggested Price for the 2022 Toyota Tacoma SR base trim is $28,063. The Edmunds Suggested Price for a 2022 Toyota Tacoma is based on recent transactions in your area.Is Tacoma worth getting? ›
CarEdge.com states that the average depreciation for the Toyota Tacoma for sale is only 33% after five years. With most cars losing the majority of their worth in the first five years of ownership, the Tacoma offers class-leading resale value.Why is Tacoma so expensive? ›
While three-year lease periods might be up, allowing some owners to upgrade, Toyota faces low inventory levels in 2020, 2021, and 2022. There might be fewer used models available, causing prices to increase. People hold on to their Tacoma models for years, limiting inventory even more.How many miles can a Toyota Tacoma last? ›
The Toyota Tacoma is a mid-size, light-duty pickup truck.
While other midsize pickup truck models taper off at 200,000 miles, you can expect the Toyota Tacoma to last up to 300,000. By prioritizing routine maintenance and vehicle care, you can expect the Toyota Tacoma to last a very long time.
The reliability ratings for 2005, 2010, 2011, 2012, 2013, 2014, and 2015 are all perfect. With a nearly flawless rating, the 2005 Tacoma has the best Consumer Reports satisfaction rating of any generation. And that's why its is our pick for the best Toyota Tacoma year.Is Tacoma cheap to insure? ›
The cheapest insurance company for a 2022 Toyota Tacoma is State Farm at $833 per year, on average. The Toyota Tacoma costs an average of $1,513 per year to insure. That works out to a car insurance rate of $126 per month.How much do Tacomas hold their value? ›
Toyota Tacoma Trucks
Toyota Tacoma has been the best-selling mid-size truck line for the last 17 years, so we're not surprised that they are expected to retain 60.6% of their value. Tacomas are a good size, offer good utility, and have a comfy cabin after a recent update.
A Toyota Tacoma will cost about $6,420 for maintenance and repairs during its first 10 years of service. This beats the industry average for popular pickup models by $3,901. There is also a 18.51% chance that a Tacoma will require a major repair during that time.
Quick Answer: Avoid Toyota Tacoma Year Models 2006, 2007, 2008, 2009, 2011, 2012, 2016, and 2017. There have been a lot of issues reported with the 2006, 2007, 2008, 2009, 2011, 2012, 2016, and 2017 Toyota Tacoma year models, and we recommend avoiding them.Are Tacomas good for daily driving? ›
The Toyota Tacoma is a great daily driver thanks to the standard suite of safety features, a reasonably powerful engine and a comfortable interior for all passengers. Thanks to its impressive suspension setup, the Toyota Tacoma can easily handle on-road and off-road driving.Is Tacoma the longest lasting truck? ›
, the Toyota Tacoma is not the longest-lasting midsize truck on the market. Instead, it falls in 3rd place. This is already surprising, but what's even more surprising is that the truck that just beat it is the Honda Ridgeline.What is the most expensive part of Tacoma? ›
- Stadium District. The most expensive neighborhood in Tacoma right now is the Stadium District at $805,000 median. ...
- Three Bridges. The median home price in Three Bridges in 2021 is $700,000. ...
- Old Town. The median home price in Old Town is $655,000. ...
- Proctor. ...
- West Slope.
Affordable Cost of Living
Tacoma offers a lower cost of living compared to other cities in the region such as Seattle and Portland, making it an ideal place for those looking to save money without sacrificing quality of life.
Known for its world-renowned glass art, Tacoma's vibrant urban core is alive with culture. Find yourself surrounded by creativity and city sophistication when you eat, shop and stroll Tacoma's downtown.How much does a 2024 Tacoma cost? ›
|2024 Toyota Tacoma SR||$29,000 (estimate)|
|2024 Toyota Tacoma TRD Off-Road||$38,000 (estimate)|
|2024 Toyota Tacoma Limited||$42,000 (estimate)|
|2024 Toyota Tacoma TRD Pro||$49,000 (estimate)|
|2024 Toyota Tacoma Trailhunter||$52,000 (estimate)|
The TRD Pro Double Cab is the Tacoma lineup's most expensive truck. It's a 4x4 with a base list price of $49,390. All 2023 Tacoma pickups carry an additional $1,335 destination charge.How many miles per gallon does a 2023 Toyota Tacoma get? ›
Here is a quick breakdown of the 2023 Toyota Tacoma mpg ratings by trim level: Toyota Tacoma SR: 20 mpg city/23 mpg highway* Toyota Tacoma SR5: 20 mpg city/23 mpg highway* Toyota Tacoma TRD Sport: 19 mpg city/24 mpg highway*