Toyota Tundra’s 5-year cost of ownership vs. Competition
Cost to Own Comparisons—Toyota Tundra
The Toyota Tundra manages to do what very few other vehicles—other than Toyota models—do, and that is that it manages to hold its value so well its 5 year cost of ownership is actually lower than its MSRP. Moreover, according to Intellichoice, it is the lowest cost-to-own pickup in its class, when comparing similar models and price points. Put next to the Dodge Ram, Ford F Series, or Chevy Silverado, it manages to hold tightly with the pack when it comes to sticker price, but Tundra owners tend to save big when it comes to other expenses.
Where the Tundra really stacks up is in its ability to retain its value—which means that out-of-pocket expenses for its care might compare closely to its competitors in a lot of ways, but it also means that the resale and trade-in value of the Tundra will more than make up for that in the end. The important thing to remember about depreciation is that it does not happen in a vacuum—vehicles that hold their value better tend to do so because they are less prone to breakdowns, particularly catastrophic ones, or because their design is particularly safe or efficient.
The best way to beat the estimates and get even more out of your vehicle is by being rigorous with the maintenance and doing what you can on your own for day-to-day care. That way, you are more likely to catch repairs early, maintain fuel efficiency, and retain the maximum value when you resell. Other ways to beat the odds include shopping for the best deal possible on insurance and looking for ways to save when you buy your vehicle.
Remember, this comparison is based on MSRP, which means that when you find dealer or manufacturer incentives in play, it’s easy to get the Tundra at a considerable savings and maximize the value you get out of what is already the best deal in its class.
2020 Best Overall Value of the Year Full-Size Pickup LD – 2020 Toyota Tundra
The IntelliChoice Best Overall Value of the Year awards identify the vehicles with the lowest total cost to own and operate over the first five years of ownership. Selected from over 2,400 domestic and import 2020 model-year vehicles, the Best Overall Value of the Year (BOVY) awards recognize the best car values by class. IntelliChoice’s BOVY awards represent the oldest and most recognized automotive data analysis focused solely on identifying vehicles that will cost significantly less to own than other vehicles in their respective class. (www.motortrend.com/intellichoice/best-overall-value/)