Toyota Highlander’s 5-year cost of ownership vs. Competition
Cost Comparison for a New Toyota Highlander
Toyota has become one of America’s top car brands in the last decade, but Toyota sells more than passenger cars. One of the top midsize crossover SUVs in America is Toyota’s Highlander LE 4WD SUV and it has been ranked as the most affordable. The Highlander has room for 8 people and can recline the third row of seats for more cargo space. The Highlander of 2016 includes a towing package that gives you the option to tow up to 5,000 pounds.
The Highlander Costs Less and Holds Values Longer
Compared to competitors in its class, the Highlander is also more affordable. The sticker price for these vehicles are nearly the same, but the cost of ownership for a Highlander is much lower. For instance, the 205 Honda Pilot LX 4WD costs $3,000 more to own over five years. The Kia Sorento LX V6 would cost nearly $3,300 more, and then there’s the Ford Explorer 4WD 4DR which would cost an eye-popping $6,341 more over five years.
Keep in mind, too, that a car that holds its value will save you even more money when it’s time for that trade-in. The Highlander retains nearly 65 percent of its initial value after three years. This is a great buy for buyers who aren’t looking for a V8 to guzzle fuel, but don’t like the style of a minivan. The Toyota’s V6 is a happy medium, with lots of cargo space and all the latest tech toys. Over the past few years the Highlander has received top marks from Kelley Blue Book Consumer Ratings. It excelled in performance, styling and comfort, reliability and quality. It was also “The Trusted Resource Best Buy of the Year” in 2015. With such a reputation, the Highlander will remain one of the top midsize SUVs for the foreseeable future.
2016 TOYOTA HIGHLANDER – NHTSA 5-STAR OVERALL SAFETY RATINGGOVERNMENT 5-STAR SAFETY RATINGS ARE PART OF THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION’S (NHTSA’S) NEW CAR ASSESSMENT PROGRAM (WWW.SAFERCAR.GOV)