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How much will my Toyota Camry hybrid depreciate?
So I signed the paperwork and drove my new Toyota Camry hybrid home, and as soon as I pulled up, my friend Denny said, “Hey man, you know this thing just lost a ton of value once you left the dealership—you should have bought a Nissan”. I didn’t say anything, but he got me thinking—how much will my Toyota Camry hybrid depreciate?
Jason Tushinski · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
According to CarEdge, your
Toyota Camry hybrid
will depreciate by just under 7% in your first year of ownership, and roughly 24% over the first five years of ownership. And tell your friend that all cars depreciate once they leave the lot—even Nissans.Since you’ve already purchased a new Toyota Camry, something to keep in mind for the next one you buy—go with a used one, preferably around two years old. Why? Because you may save as much as $4,500 compared to a new Camry. You’ll still get a relatively new model, with many of the same features as the latest one, and with plenty of useful lifespan ahead of it—plus a couple thousand dollars in your pocket.
And remember—depreciation is a fact of life for every vehicle. So if your next vehicle must be the newest Camry hybrid? Have at it! But if you want to save some coin and avoid depreciation’s worst hit, go for a vehicle that’s between two and four years old.
View full answer
- Gregory R.
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