Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 TOYOTA HIGHLANDER's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2016 TOYOTA HIGHLANDER in 2016 was $41,405.
The average price for used 2016 TOYOTA HIGHLANDER nowadays in 2024 is $21,996 which is 53% from the original price.
Estimated mileage driven per year is 11,461 miles.
The graph below is a depreciation curve for 2016 TOYOTA HIGHLANDER. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2016 TOYOTA HIGHLANDER in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $41,405 | — | — | 100% | 0% |
| 2016 | 11,461 mi | $47,195 | −$5,790 | −13.98% | 113.98% | -13.98% |
| 2017 | 22,922 mi | $39,900 | +$7,295 | +15.46% | 96.37% | 3.63% |
| 2018 | 34,383 mi | $37,499 | +$2,401 | +6.02% | 90.57% | 9.43% |
| 2019 | 45,844 mi | $35,508 | +$1,991 | +5.31% | 85.76% | 14.24% |
| 2020 | 57,305 mi | $33,452 | +$2,056 | +5.79% | 80.79% | 19.21% |
| 2021 | 68,766 mi | $29,355 | +$4,097 | +12.25% | 70.9% | 29.1% |
| 2022 | 80,227 mi | $26,998 | +$2,357 | +8.03% | 65.2% | 34.8% |
| 2023 | 91,688 mi | $24,990 | +$2,008 | +7.44% | 60.36% | 39.64% |
| 2024 | 103,149 mi | $21,996 | +$2,994 | +11.98% | 53.12% | 46.88% |
| 2025 | 114,610 mi | $19,999 | +$1,997 | +9.08% | 48.3% | 51.7% |
| 2026 | 126,071 mi | $18,971 | +$1,028 | +5.14% | 45.82% | 54.18% |
| 2027 | 137,532 mi | $15,995 | +$2,976 | +15.69% | 38.63% | 61.37% |
| 2028 | 148,993 mi | $14,400 | +$1,595 | +9.97% | 34.78% | 65.22% |
| 2029 | 160,454 mi | $12,990 | +$1,410 | +9.79% | 31.37% | 68.63% |
| 2030 | 171,915 mi | $11,895 | +$1,095 | +8.43% | 28.73% | 71.27% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA HIGHLANDER’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2016 TOYOTA HIGHLANDER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 TOYOTA HIGHLANDER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 15,000 mi | $31,998 | 13 sales |
| 20,000 mi | $30,315 | 12 sales |
| 25,000 mi | $26,997 | 29 sales |
| 30,000 mi | $28,499 | 40 sales |
| 35,000 mi | $28,475 | 72 sales |
| 40,000 mi | $26,998 | 85 sales |
| 45,000 mi | $27,087 | 118 sales |
| 50,000 mi | $26,400 | 167 sales |
| 55,000 mi | $26,000 | 247 sales |
| 60,000 mi | $25,866 | 280 sales |
| 65,000 mi | $25,477 | 322 sales |
| 70,000 mi | $24,991 | 379 sales |
| 75,000 mi | $24,000 | 378 sales |
| 80,000 mi | $23,985 | 485 sales |
| 85,000 mi | $23,947 | 398 sales |
| 90,000 mi | $22,999 | 466 sales |
| 95,000 mi | $22,874 | 502 sales |
| 100,000 mi | $22,107 | 383 sales |
| 105,000 mi | $21,994 | 371 sales |
| 110,000 mi | $21,488 | 336 sales |
| 115,000 mi | $20,934 | 285 sales |
| 120,000 mi | $20,994 | 268 sales |
| 125,000 mi | $19,996 | 208 sales |
| 130,000 mi | $19,777 | 151 sales |
| 135,000 mi | $18,998 | 131 sales |
| 140,000 mi | $19,000 | 126 sales |
| 145,000 mi | $18,432 | 101 sales |
| 150,000 mi | $18,501 | 94 sales |
| 155,000 mi | $18,111 | 62 sales |
| 160,000 mi | $17,287 | 65 sales |
| 165,000 mi | $16,999 | 51 sales |
| 170,000 mi | $15,996 | 36 sales |
| 175,000 mi | $15,735 | 22 sales |
| 180,000 mi | $15,214 | 22 sales |
| 185,000 mi | $16,900 | 19 sales |
| 205,000 mi | $13,991 | 11 sales |
Frequently asked questions
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Other years of TOYOTA HIGHLANDER
2002 TOYOTA HIGHLANDER
$6,000 average used price
5,400+ sales records
2006 TOYOTA HIGHLANDER
$6,999 average used price
13,900+ sales records
2012 TOYOTA HIGHLANDER
$14,400 average used price
43,300+ sales records
2013 TOYOTA HIGHLANDER
$15,995 average used price
52,900+ sales records
2015 TOYOTA HIGHLANDER
$19,999 average used price
74,600+ sales records
2021 TOYOTA HIGHLANDER
$35,508 average used price
191,800+ sales records
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