Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 TOYOTA MIRAI'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 MIRAI in 2016 was $52,529.
The average price for used 2016 TOYOTA MIRAI nowadays in 2024 is $7,495 which is 14% from the original price.
Estimated mileage driven per year is 8,738 miles.
The graph below is a depreciation curve for 2016 TOYOTA MIRAI. 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 MIRAI 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 | $52,529 | — | — | 100% | 0% |
| 2017 | 17,476 mi | $18,949 | +$0 | +0% | 36.07% | 63.93% |
| 2018 | 26,214 mi | $17,688 | +$1,261 | +6.65% | 33.67% | 66.33% |
| 2019 | 34,952 mi | $15,988 | +$1,700 | +9.61% | 30.44% | 69.56% |
| 2020 | 43,690 mi | $12,495 | +$3,493 | +21.85% | 23.79% | 76.21% |
| 2021 | 52,428 mi | $10,981 | +$1,514 | +12.12% | 20.9% | 79.1% |
| 2022 | 61,166 mi | $9,998 | +$983 | +8.95% | 19.03% | 80.97% |
| 2023 | 69,904 mi | $7,993 | +$2,005 | +20.05% | 15.22% | 84.78% |
| 2024 | 78,642 mi | $7,495 | +$498 | +6.23% | 14.27% | 85.73% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA MIRAI’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 MIRAI. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 TOYOTA MIRAI by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 10,000 mi | $15,500 | 17 sales |
| 15,000 mi | $15,964 | 35 sales |
| 20,000 mi | $12,999 | 43 sales |
| 25,000 mi | $13,745 | 72 sales |
| 30,000 mi | $12,499 | 106 sales |
| 35,000 mi | $13,900 | 345 sales |
| 40,000 mi | $12,788 | 109 sales |
| 45,000 mi | $10,991 | 52 sales |
| 50,000 mi | $10,999 | 44 sales |
| 55,000 mi | $10,952 | 24 sales |
| 60,000 mi | $9,997 | 26 sales |
| 65,000 mi | $13,400 | 100 sales |
| 70,000 mi | $9,998 | 24 sales |
| 75,000 mi | $9,999 | 29 sales |
| 90,000 mi | $9,416 | 12 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.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
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.
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.
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.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
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.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Other years of TOYOTA MIRAI
2017 TOYOTA MIRAI
$7,993 average used price
3,900+ sales records
2019 TOYOTA MIRAI
$10,981 average used price
2,400+ sales records
2020 TOYOTA MIRAI
$12,495 average used price
460+ sales records
2021 TOYOTA MIRAI
$15,988 average used price
1,400+ sales records
2022 TOYOTA MIRAI
$17,688 average used price
710+ sales records
2023 TOYOTA MIRAI
$18,949 average used price
50+ sales records
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2016 TOYOTA MIRAI on BADVIN
