Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 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) 2020 TOYOTA HIGHLANDER in 2020 was $41,405.
The average price for used 2020 TOYOTA HIGHLANDER nowadays in 2024 is $33,452 which is 81% from the original price.
Estimated mileage driven per year is 11,461 miles.
The graph below is a depreciation curve for 2020 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 2020 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 | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $41,405 | — | — | 100% | 0% |
| 2020 | 11,461 mi | $47,195 | −$5,790 | −13.98% | 113.98% | -13.98% |
| 2021 | 22,922 mi | $39,900 | +$7,295 | +15.46% | 96.37% | 3.63% |
| 2022 | 34,383 mi | $37,499 | +$2,401 | +6.02% | 90.57% | 9.43% |
| 2023 | 45,844 mi | $35,508 | +$1,991 | +5.31% | 85.76% | 14.24% |
| 2024 | 57,305 mi | $33,452 | +$2,056 | +5.79% | 80.79% | 19.21% |
| 2025 | 68,766 mi | $29,355 | +$4,097 | +12.25% | 70.9% | 29.1% |
| 2026 | 80,227 mi | $26,998 | +$2,357 | +8.03% | 65.2% | 34.8% |
| 2027 | 91,688 mi | $24,990 | +$2,008 | +7.44% | 60.36% | 39.64% |
| 2028 | 103,149 mi | $21,996 | +$2,994 | +11.98% | 53.12% | 46.88% |
| 2029 | 114,610 mi | $19,999 | +$1,997 | +9.08% | 48.3% | 51.7% |
| 2030 | 126,071 mi | $18,971 | +$1,028 | +5.14% | 45.82% | 54.18% |
| 2031 | 137,532 mi | $15,995 | +$2,976 | +15.69% | 38.63% | 61.37% |
| 2032 | 148,993 mi | $14,400 | +$1,595 | +9.97% | 34.78% | 65.22% |
| 2033 | 160,454 mi | $12,990 | +$1,410 | +9.79% | 31.37% | 68.63% |
| 2034 | 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 2020 TOYOTA HIGHLANDER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 TOYOTA HIGHLANDER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $41,044 | 22 sales |
| 10,000 mi | $36,995 | 73 sales |
| 15,000 mi | $37,780 | 213 sales |
| 20,000 mi | $36,000 | 366 sales |
| 25,000 mi | $35,890 | 577 sales |
| 30,000 mi | $34,890 | 772 sales |
| 35,000 mi | $34,987 | 876 sales |
| 40,000 mi | $33,987 | 773 sales |
| 45,000 mi | $33,802 | 629 sales |
| 50,000 mi | $32,803 | 578 sales |
| 55,000 mi | $32,979 | 436 sales |
| 60,000 mi | $31,988 | 367 sales |
| 65,000 mi | $31,509 | 266 sales |
| 70,000 mi | $30,981 | 249 sales |
| 75,000 mi | $30,492 | 172 sales |
| 80,000 mi | $29,988 | 144 sales |
| 85,000 mi | $29,595 | 103 sales |
| 90,000 mi | $29,139 | 84 sales |
| 95,000 mi | $29,200 | 64 sales |
| 100,000 mi | $27,488 | 36 sales |
| 105,000 mi | $25,986 | 29 sales |
| 110,000 mi | $25,885 | 20 sales |
| 115,000 mi | $26,698 | 10 sales |
Frequently asked questions
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
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.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
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.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Other years of TOYOTA HIGHLANDER
2003 TOYOTA HIGHLANDER
$6,118 average used price
7,900+ sales records
2005 TOYOTA HIGHLANDER
$6,993 average used price
11,500+ sales records
2007 TOYOTA HIGHLANDER
$7,995 average used price
10,700+ sales records
2008 TOYOTA HIGHLANDER
$9,976 average used price
26,200+ sales records
2018 TOYOTA HIGHLANDER
$26,998 average used price
160,600+ sales records
2019 TOYOTA HIGHLANDER
$29,355 average used price
230,700+ sales records
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