Here’s how much a 2021 Toyota Land Cruiser depreciated in five years

Toyota’s Land Cruiser line dates back more than 70 years ago, when it started as a Japanese version of the Jeep CJ. Over the decades, the Land Cruiser has grown in size and position in the automaker’s lineup. The 2021 model year is notable, as it was the last Landcruiser with V8 power and a three-row cabin. This 8th generation was replaced in 2024 by a retro-styled Land Cruiser with hybrid four-cylinder power.

Used SUV buyers may lean toward the 2021 Land Cruiser due to its last-of-its-kind status and to take advantage of its depreciation. While that 35% drop in value is estimated over a five-year period, the market reality is that you won’t see that much of a discount on the original sales price.

To get a better idea of ​​depreciation, we looked at CarEdge data over different time periods. For comparison, we looked at how these numbers hold up against the 2021 editions of the Nissan Armada and Chevrolet Tahoe; two other body-on-frame SUVs with V8 engines. Additionally, a review of retail market listings reveals sales price insights for the 2021 Toyota Land Cruiser.

AutoEdge estimates that a 2021 Land Cruiser will lose 35.4% of its original retail price in five years. The base version had an MSRP of $87,030 (including destination charge), giving an expected retail value of approximately $56,200. Keep in mind that a 2025 Toyota Land Cruiser had a base price of $56,700.

In the meantime, Car dealer And AutoGurus Listings show examples in good condition with average mileage or better, with retail prices between $74,000 and $80,000. High mileage models drop the cost to the mid-$60,000s, which is still a long way from what the CarEdge estimate says. Toyota only sold 3,711 Landcruisers in 2021, so there isn’t much available on the used market.

Looking beyond the five-year range, CarEdge’s crystal ball says the 2021 Land Cruiser will lose 44.7% of its original MSRP over seven years. After ten years the depreciation percentage increases to 54.2%. Only time will tell whether used Land Cruiser prices will remain higher than depreciation forecasts suggest.

AutoEdge Data shows that all 2021 model year Toyotas lost an average of 32.1% in value, not that far off from the Land Cruiser’s 35.4% drop in value. The double-edged sword of depreciation takes a different path with competing SUVs.

While Chevrolet has an overall depreciation rate of 41.5% for the 2021 model year, the 2021 Tahoe loses even more: 52%. Future expectations still place the Tahoe behind the Land Cruiser; the Tahoe’s depreciation over seven years is estimated at 58.3%.

As a whole, Nissans from 2021 are affected by a depreciation of 45.5%, but the contrast with the 2021 Armada is even greater: the decline in value over five years is 66.2%. That matches its platform mate, the luxury Infiniti QX80, which is among the fastest depreciated cars. The Armada’s depreciation increases even further in CarEdge’s future estimates. Nissan’s flagship SUV loses 71.6% of its original value after seven years. By ten years, depreciation rises to 77.5%, although the rate of losses slows in later years.