Toyota Camry Cost of Ownership
As America’s best-selling car for a dozen years running, Camry is the undeniable market leader in the competitive sporty sedan segment. Is it Camry’s sculpted body and aggressive grill that draws envious glances? Or are admirers focused on Camry’s reputation for premium-feel features, such as standard voice-activated controls, multi-adjustable power driver seats, and available dual exhaust pipes?
Options include available Push Button Start, heated front seats, power tilt/slide moonroof, and sport leather trim. With so many standard features, and so many options to choose from, Camry lets you go places in style. And there’s no reason to leave friends, family, and all your gear behind. Camry comfortably seats five, with plenty of space out back for cargo. Need even more cargo space? Camry’s rear 60/40 split folding seats let you reconfigure rear seats to extend trunk space.
If cars were paperweights, sticker price would fully determine your cost of ownership. While our vehicles are beautiful to behold, they are also highly practical machines designed to get you from point A to point Z in comfort and safety. In short, cars are meant to be driven. And that means true cost of ownership actually includes many less-than-obvious factors, such as estimated gas mileage, warranty coverage, anticipated resale value, and maintenance costs, among other factors.
All new cars lose about 20% of their initial value the moment you drive them off the lot. This is an inescapable fact of new vehicle ownership. The real differences between competing vehicles only become clear in subsequent years. Although initially steep, this depreciation slows dramatically, depending on the anticipated resale value of your vehicle several years down the line. Some vehicles retain value far better than others. Toyota vehicles have traditionally fared exceptionally well in the resale market. That’s because buyers recognize Toyota’s reputation for excellence and perennial value. As a consistent top seller, Camry provides excellent resale value, and relatively low costs of ownership and operation.
In fact, despite a slightly higher initial sticker price, compared to certain close competitors’ comparable vehicles, Camry actually costs less in the long-run to own and operate.