The fair value of a three-year-old Toyota hybrid SUV may surprise you

The fair value of a three-year-old Toyota hybrid SUV may surprise you

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From 2025, Toyota will offer a wide range of hybrid crossovers and SUVs, as they tend to be the most popular configurations in the electrified catalogue, with the exception of the Toyota Camry. This wasn’t the case just three years ago, as the Japanese brand only sold a handful of high-riding options with its gasoline-electric hybrid configuration.

It’s common knowledge that Toyotas are exceptional options to consider if you prioritize long-term reliability. The Japanese brand also excels at integrating capabilities into its SUV and crossover product line. which contributes to their overall popularity in the market. Toyota is also excelling in the new hybrid vehicle market, selling some of the best models in the sector due to the impressive value retention its products can hold.

To give you the most current and accurate information, the data used to compile this article comes from Toyota and other authoritative sources.

2022 Toyota RAV4 hybrid

Average value used: $24,858 – $43,037

2022 Toyota RAV4 SE Hybrid Front/Side 3/4 Bulkhead
Toyota

JD power indicates that the 2022 Toyota RAV4 hybrid range is currently between $24,858 and $43,037 depending on mileage, specification and condition. It issues a consumer-verified overall score of 79/100 this model year, consisting of 81/100 quality and reliability, 81/00 driving experience, 75/100 resale and 78/100 dealer experience scores.

Side profile photo of a silver 2022 Toyota RAV4 SE Hybrid
Side profile photo of a silver 2022 Toyota RAV4 SE Hybrid.
Toyota

According to Edmunds’ True Cost To Own Calculatoryou can expect the 2022 Toyota RAV4 hybrid to lose $12,568 of its value over three years, which is slightly better than its rivals. This depreciation doesn’t include all the other costs you’ll incur during your ownership experience, such as insurance, gas, taxes, and more.

silver 2022 Toyota RAV4 SE Hybrid
2022 Toyota RAV4 SE Hybrid Rear Bulkhead 1/4
Toyota

iSeeCars is a little more generous with its depreciation estimate, indicating that over five years and 90,000 miles the model will lose $9,714 or 30.1 percent of its value. This is noticeably better value retention compared to what the rest of the segment suffers from.

The 2022 RAV4 Hybrid currently has an average owner rating of 4.3/5, with existing users praising it for its impressive return on fuel consumptionstriking looks and enjoyable driving experience, but it does lose points for poor seating comfort, loud road noise and steering feel. This model year is subject to two recalls related to the airbags and electronic stability control.

2022 Toyota Highlander Hybrid

Average used value: $27,125 – $46,725

2022 Toyota Highlander
2022 Toyota Highlander for 3/4 bulkhead
Toyota

According to JD powerthe 2022 Toyota Highlander hybrid retails for anywhere from $27,125 to $46,725. The publication also gives the model a consumer-verified overall score of 82/100, including 81/100 for quality and reliability, 77/100 for driving experience and 92/100 for resale.

2022 Toyota Highlander XLE FWD Exterior Driving on the side of the road
2022 Toyota Highlander XLE FWD Exterior Driving on the side of the road
Toyota

What further motivates the Highlander Hybrid as a well-balanced product is its incredible review scores. iSeeCars gives the model an overall score of 9.2/10, including 9.5/10 for reliability, 10/10 for safety and 8.1/10 for retained value. The publication indicates that the model will last 15 years or 300,000 kilometers before significant problems occur, with a 46.5 percent chance of exceeding 320,000 kilometers. It also indicates that after five years of regular use, it will lose 40.1 percent or $16,440 of its value.

Toyota_2025_Highlander_Turbo_XSE_WindChillPearl_0003
Toyota Highlander three-quarter shot to the rear
Toyota

In terms of cost of ownership, the Edmunds True Cost To Own calculator reveals that you could spend $59,347 over the first five years if you own an XLE derivative, of which $18,405 accounts for depreciation. The 2022 Highlander Hybrid range has an average owner rating of 4.2/5, with key strengths being its efficiencyvalue and comfort, while some criticize the car for poor interior quality, loud road noise and poor performance results.

2022 Toyota Venza hybrid

Average used value: $26,102 – $36,022

White 2022 Toyota Venza
A shot of a white Toyota Venza parked in front of some trees in the sun.
Toyota Journal

The 2022 Toyota Venza is an exceptionally used hybrid SUV to consider if you are looking for a long-term purchase. JD power indicates you could spend between $26,102 and $36,022 for the 2022 model year, depending on specification, condition and mileage. The publication also awarded the model an overall score of 83/100, including 83/100 for quality and reliability as well as the driving experience. It gets 88/100 for resale. iSeeCars suggests that a 2022 model will lose $13,312 or 38 percent of its value after five years and 60,000 miles, which is slightly better than some of its main rivals.

Side profile photo of the 2022 Toyota Venza Limited
Side profile photo of the 2022 Toyota Venza Limited
Toyota

According to Edmunds’ Using the True Cost To Own calculator, you can expect the Venza to lose an additional $13,113 in depreciation over the course of five years. This is a fairly impressive result considering it’s a niche HEV SUV option. Insurance will likely cost you $7,082, maintenance $8,393, and repairs another $3,119.

White Toyota Venza
A shot of a white Toyota Venza parked in the open sun.
Toyota Journal

Existing owners own the 2022 Venza is fairly highly regardedresulting in an average owner rating of 4.2/5. It deserves applause for its efficiency, refinement and visual presence, but some criticize it for suffering from poor braking performance and loud road noise. The model is currently subject to one recall related to the electronic stability control software.

2022 Toyota Sienna

Average used value: $33,344 – $55,611

2022 Toyota Sienna Limited AWD Cypress Green
A 2022 Toyota Sienna Limited AWD Cypress Green parked on the lakeshore
Toyota

Not exactly an SUV, but we included this minivan in the list anyway because it looks closer to an SUV than a sedan or a hatchback. According to JD powerthe 2022 Toyota Sienna retails for anywhere between $33,344 and $55,611. We include this model in the list because the MPV blurs the lines between conventional cars and SUVs, but is more closely related to its higher-riding siblings due to its interior space. The publication also gives the model a consumer-verified overall score of 77/100, including 74/100 for quality and reliability, 79/100 for driving experience and 79/100 for resale.

dark gray 2024 Toyota Sienna poses in the desert
Side photo of a dark gray 2024 Toyota Sienna posing in the desert
Toyota

iSeeCars indicates that the 2022 Sienna model will last 11.6 years or 166,072 miles before experiencing any significant problems, with a 31.1 percent chance of exceeding 200,000 miles. It also indicates that after five years of regular use, it will lose 38.6 percent or $15,129 of its value.

2023-Toyota-Sienna-Specs-1
2023 Toyota Sienna rear 3/4 bulkhead
Toyota

As far as cost of ownership is concerned, the Edmunds The True Cost To Own calculator shows that you can spend $45,217 over the first five years if you own an LE derivative, of which $18,881 accounts for depreciation. The 2022 Sienna currently has an average owner rating of 3.6/5 with 28 reviews. Key strengths include: good returns in terms of fuel efficiencybut many existing owners criticize the poor build quality and uncomfortable seats. The model was also subject to two recalls related to issues with the electronic stability control and seat belts.

Source: JD power, Edmunds, iSeeCars

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