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
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.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
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.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
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.
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.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Other years of TOYOTA MIRAI
2018 TOYOTA MIRAI
$9,998 average used price
2,200+ 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
