Buying a pickup truck is a significant investment. When it comes to midsize trucks, the Toyota Tacoma stands out as a top choice. Renowned for its rugged durability, off-road capabilities, and impressive resale value, the Tacoma is a go-to option for many truck buyers. However, here’s the big question: Should you buy a new Toyota Tacoma or go for a used one?
In this comprehensive guide, you’ll find a side-by-side comparison of used and new Toyota Tacoma, covering everything from pricing and features to long-term reliability and ownership costs. Whether you’re an off-road enthusiast, a weekend warrior, or someone seeking a reliable daily driver, this guide will help you make an informed decision. Let’s dive in! For additional insights on Toyota’s lineup, visit the official Toyota Newsroom.
Related: Toyota Tundra Towing Capacity by Year: Full Guide.
Price Comparison: Used Toyota Tacoma vs. New Toyota Tacoma
Initial Purchase Price
The price difference between a new and used Toyota Tacoma can be substantial. Starting around $28,000, a brand-new 2024 Toyota Tacoma offers the base SR trim, with prices climbing to over $50,000 for the top-tier TRD Pro with premium features. On the other hand, buyers seeking affordability often explore used Toyota Tacoma from 2018 to 2022. These typically range from $24,000 to $38,000, depending on mileage, condition, and trim level. Additionally, off-road packages like the TRD Off-Road or TRD Pro maintain strong resale value, sometimes fetching prices surprisingly close to new models.
Real-World Example: John, a Tacoma enthusiast from Colorado, bought a 2019 TRD Off-Road model with 40,000 miles for $32,000. By choosing used, he saved $12,000 compared to a comparable 2024 model priced over $44,000 while still enjoying many of the same off-road features.
Depreciation and Resale Value
One of the biggest advantages of buying a used Toyota Tacoma is avoiding the steep depreciation that new vehicles face. Typically, new vehicles lose about 20% of their value in the first year and around 40% over five years. Even so, the Tacoma is known for exceptional resale value. According to Kelley Blue Book, the Tacoma consistently ranks in the top three vehicles for resale value.
Statistic: After three years, a Toyota Tacoma retains approximately 72% of its original value, significantly higher than the industry average of 60%.
Incentives and Financing Options for New vs. Used Toyota Tacoma
It’s true that new Tacoma often feature low-interest financing offers and cashback incentives. Conversely, used vehicles may carry higher interest rates, which can increase overall costs. To mitigate this drawback, consider purchasing through a Certified Pre-Owned (CPO) program. Toyota’s CPO program not only provides competitive financing but also includes warranty extensions. Therefore, it presents an appealing middle ground for budget-conscious buyers seeking added peace of mind.
Features and Technology: New vs. Used Toyota Tacoma
Latest Technology in New Models
The 2024 Toyota Tacoma introduces updated tech, making it appealing to tech-savvy buyers. Notably, it includes a 14-inch touchscreen, wireless Apple CarPlay/Android Auto, and advanced driver-assistance features like lane departure warning and adaptive cruise control. Moreover, new models offer hybrid powertrain options, delivering better fuel efficiency and enhanced performance.
Features Available in Used Models
While new Tacoma come packed with cutting-edge technology, used Tacoma from 2016 onward still provide impressive features. Most models include touchscreen infotainment systems, Bluetooth connectivity, and backup cameras. Additionally, higher trims—such as the TRD Sport, TRD Off-Road, and Limited—offer heated seats, premium audio, and advanced off-road capabilities.
Expert Insight: “While newer Tacoma boast the latest tech, many used models provide all the essential features for daily driving and weekend adventures,” says Mark Davis, an auto industry analyst at Edmunds.
What You Might Miss Out On with a Used Tacoma
Despite their advantages, used Tacoma may lack certain modern upgrades. For instance, you might miss:
- Enhanced safety systems like pedestrian detection and traffic sign recognition.
- Updated infotainment systems with faster response times.
- Improved interior materials and design are found in newer models.
Thus, if cutting-edge features are a priority, investing in a new Tacoma may be worth considering.
Performance and Capability Comparison: Used Toyota Tacoma vs. New Toyota Tacoma
Engine Options and Towing Capacity
Performance is a key consideration for any truck buyer. Both used and new Tacoma come with reliable engines, yet there are notable differences:
- New Tacoma: Offers a 2.4L turbocharged engine and hybrid variants, with towing capacities up to 6,800 lbs.
- Used Tacoma (2016-2023): Typically features a 2.7L 4-cylinder or a 3.5L V6 engine with towing capacities ranging from 3,500 to 6,500 lbs.
Consequently, if maximum towing capacity is essential for your needs, the newer models offer a clear advantage.
Related: Honda Ridgeline Towing Capacity: Everything You Need to Know.
Off-Road Capabilities
Toyota Tacoma are legendary for their off-road prowess, making them popular among adventure seekers. Both new and used TRD Off-Road and TRD Pro models come with robust features such as:
- Multi-terrain select systems
- Crawl control for challenging terrains
- Bilstein or Fox shocks (depending on the year and trim)
However, newer models have refined these systems, resulting in smoother off-road experiences and enhanced suspension setups. Therefore, off-road enthusiasts seeking peak performance might prefer the latest versions.
Cost of Ownership and Maintenance
Maintenance Costs for Used Toyota Tacoma
One of the Tacoma’s standout qualities is its affordability in maintenance. According to RepairPal, the average annual maintenance cost for a Tacoma is about $478, which is below the segment average. In contrast, certain competitors may exceed $600 per year in upkeep costs.
Warranty Coverage Differences
Warranty coverage is a crucial factor when choosing between new and used vehicles. Here’s how they compare:
- New Tacoma: Comes with a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty.
- CPO Used Tacoma: Offers extended warranties, sometimes covering up to 7 years/100,000 miles, which provides extra peace of mind.
Tip: Always check the vehicle’s history. Buying a used Tacoma with a clean Carfax report and documented service history can prevent future headaches.
Related: Used Toyota RAV4: The Ultimate Buyer’s Guide for 2025.
Fuel Efficiency Over the Years
Fuel economy plays a significant role in the total cost of ownership.
- 2024 Tacoma (Hybrid): Delivers up to 25 MPG combined, making it more economical for daily commutes.
- 2016-2023 Tacoma: Averages 18-21 MPG combined, depending on the engine and drivetrain.
As a result, drivers prioritizing fuel savings may find the hybrid versions of newer Tacoma particularly appealing.
Reliability and Longevity
How Many Miles Can a Used Toyota Tacoma Last?
Reliability is a hallmark of the Toyota Tacoma. It’s common to find Tacoma with over 200,000 miles still running strong. In fact, with proper maintenance, many reach 300,000 miles or more.
Real-World Example: Mike, a contractor from Texas, drives a 2012 Tacoma with 285,000 miles on it. “It’s my workhorse, and I’ve had minimal issues beyond regular maintenance,” he shares.
Common Issues in Older Models
While Tacoma are highly reliable, older models—particularly those built before 2016—may experience certain issues:
- Frame rust (Toyota issued recalls for select years)
- Transmission hesitation in early third-generation models (2016-2017)
- Leaf spring wear in high-mileage units
Despite these potential concerns, many owners find that regular maintenance and timely repairs ensure long-lasting performance.
Also Read: Honda Pilot Towing Capacity: Is It Good for Towing?
Pros and Cons: Used vs. New Toyota Tacoma
Benefits of Buying New
Full warranty coverage, reducing unexpected expenses.
Access to the latest technology and safety features.
Better financing deals and manufacturer incentives.
Higher fuel efficiency with new hybrid options.
Benefits of Buying Used
Significantly lower upfront cost.
Slower depreciation rate, preserving your investment.
Access to higher trims at more affordable prices.
Proven long-term reliability with proper maintenance.
Drawbacks of Each Option
- New Tacoma: Higher initial cost and quicker depreciation.
- Used Tacoma: Potential for wear and outdated technology.
Ultimately, your choice should align with your financial situation and lifestyle needs.
Which One Should You Buy? Factors to Consider
Your Budget and Financing Options
If budget constraints are a concern, a used Tacoma provides more value for your money. On the other hand, new models often come with attractive financing options and manufacturer incentives that can make them more accessible than expected.
Intended Use (Daily Driving, Off-Roading, Towing)
How you plan to use your Tacoma can significantly influence your decision:
- Frequent off-roaders may benefit from the latest TRD Pro with upgraded features.
- If towing heavy loads is a priority, newer models offer higher capacities.
- Casual drivers or those using the truck for light-duty tasks may find older models perfectly sufficient.
How Long You Plan to Keep the Vehicle
If you plan on keeping the vehicle long-term, a new Tacoma ensures several years of warranty coverage. Conversely, for short-term use or secondary vehicles, a well-maintained used Tacoma can provide excellent value.
Frequently Asked Questions (FAQs)
Is buying a used Toyota Tacoma worth it?
Absolutely! With its strong resale value and proven durability, a used Tacoma often provides excellent value for budget-conscious buyers.
Which year is the best to buy a used Toyota Tacoma?
Experts recommend 2019-2022 models for the best combination of price, features, and reliability.
How long does a Toyota Tacoma last?
With proper maintenance, expect 200,000-300,000 miles of reliable service, making it one of the most long-lasting trucks in its class.
Should I buy a CPO Toyota Tacoma instead of a regular used one?
If you value warranty coverage and added peace of mind, a Certified Pre-Owned Tacoma is a smart choice. It offers manufacturer-backed benefits without the cost of a brand-new model.
Conclusion
Choosing between a used Toyota Tacoma and a new one depends on several factors, including budget, intended use, and long-term goals. If you prioritize the latest technology, improved fuel efficiency, and full warranty coverage, investing in a new Tacoma makes sense. Conversely, if saving money while still enjoying a reliable, durable truck appeals to you, a used Tacoma delivers exceptional value.
👉 Your decision should align with your personal needs and financial circumstances. Regardless of what you choose, you can’t go wrong with the Toyota Tacoma’s proven reliability and impressive performance.
Final Call-to-Action
🚗 Ready to make your choice? Browse local listings for used Tacoma or visit your nearest Toyota dealership for test drives and exclusive deals on new models.
💬 Have experience with a Toyota Tacoma? Share your stories in the comments! Your valuable insights can guide others in making an informed decision.
👉 Your decision should align with your personal needs and financial circumstances. Regardless of what you choose, you can’t go wrong with the Toyota Tacoma’s proven reliability and impressive performance. For model comparisons, visit Cars.com Tacoma Comparison. You might also be interested in our guide on When Is the Best Time to Buy a Car? 2025 Expert Tips & Discounts to make the most of your purchase timing. Additionally, explore more details about the latest models in Everything You Need to Know About the 2023 Toyota Tacoma.