Waiting to Buy A Used Toyota Tacoma Could Save You Thousands

Despite its age, the Tacoma is still the best-selling midsize truck. The used truck market can be saturated with models that retain their value. However, waiting a little longer may result in more savings.

Are used Toyota Tacoma models worth buying?

2023 Toyota Tacoma TRD Pro | Alison Barfield, Motor Biscuit

Yes, buying a used car is an excellent way to save while getting a reliable, durable, and capable truck. One of the advantages includes how cheap it is to maintain the Toyota Tacoma. You can get years of dependable service without breaking the bank.

Average used prices for the Tacoma decreased six percent from November 2021 to November 2022.

Other used cars, such as the Honda CR-V and Toyota RAV-4, saw a decrease of nearly three percent. In addition, used car prices are declining. It seemed to have peaked in February 2022 and was declining.

Will Used Tacoma Prices Go Down?

Currently, used prices are expected to decline as vehicle inventories are picking up. Newer models are experiencing many delays, and used cars are starting to take more time on lots.

Used cars have been sitting for an average of 30 days, but now that number has risen to 46 as dealers scramble to make room for newer options.

As more used cars become available, the power must return to buyers. But prices may take some time to return to pre-pandemic levels.

Prices jumped 26% in 2020 due to production restrictions and a limited supply chain. Therefore, you may be paying a little more than you would have in 2019.

Additionally, a recession may be in the way. Used truck prices like the Toyota Tacoma can drop faster because new trucks cost more to manufacture.

Fans may hop on the 2024 Toyota Tacoma once it appears with a complete redesign. As a result, more fans could trade in the trucks they’ve been saving to get behind the wheel of a new model. This can contribute to a larger inventory of used Tacoma models.

Should you wait for the 2024 Toyota Tacoma?

2024 Toyota Tacoma Concept
Possible 2024 Toyota Tacoma Concept | Toyota

There are several reasons to go to the current generation. For example, the new Tacoma could have more engine power, better fuel economy, and more towing capacity.

The new Tacoma will also feature an updated tach and updated styling. You might find that a used Tacoma is behind the pack in regards to its infotainment screen, digital gauge cluster, and graphics. But the program is fast and the system is intuitive.

Also, the price of the 2024 Toyota Tacoma can be incredibly high. The 2023 Tacoma starts at $27,750 with the standard, underpowered engine. Only time will tell how much it will cost to cover important upgrades.

However, we do know that used Tacoma prices are expected to come down. Plus, the Tacoma keeps its value and is affordable to maintain. You can save as a user option and upgrade to a newer model later.

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