The base front-wheel drive Toyota Camry LE starts prices for the range are $29,000. By modern standards, this is a very competitive starting price, especially considering how well-equipped the base model is compared to previous iterations. However, for many, this is too high a price to ask for a new family car. If you want a Toyota Camry but aren’t too happy about paying these prices, the best alternative is to opt for a used model.
The impressively low cost of ownership of the 2021 Camry
Reliability and cost of ownership will obviously be a concern when looking at a used model, but a five year old Toyota Camry delivers some impressively low long-term ownership costs. The Edmunds The True Cost To Own calculator indicates that a base 2021 Toyota Camry SE will cost you $44,648 to own over five years. $10,702 accounts for depreciation, while you spend $6,366 on maintenance and $1,685 on repairs. Owner reviews from the same publication currently stand at 4.5/5, with most owners applauding its overall dependability and dependability.
2021 Toyota Camry Five-Year Cost-to-Ownership
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
Insurance | $1,336 | $1,376 | $1,417 | $1,460 | $1,504 | $7,093 |
Maintenance | $1,890 | $695 | $957 | $388 | $2,436 | $6,366 |
Repairs | $358 | $417 | $488 | $570 | $667 | $2,500 |
Taxes and fees | $1,896 | $176 | $167 | $156 | $145 | $2,540 |
Financing | $1,342 | $1,083 | $804 | $505 | $184 | $3,918 |
Depreciation | $3,910 | $1,453 | $1,702 | $1,748 | $1,889 | $10,702 |
Fuel | $2,171 | $2,237 | $2,304 | $2,373 | $2,444 | $11,529 |
Real cost of ownership | $12,903 | $7,437 | $7,839 | $7,200 | $9,269 | $44,648 |
According to Kelley Blue Bookyou can expect to pay as little as $19,615 for a used 2021 Toyota Camry LE, while an JD power indicates you could pay as much as $20,241 to $32,693, but there are a few examples on Edmunds which sell for just $17,000. When new, the 2021 Toyota Camry started at $25,045 for the base LE, reflecting very impressive value retention that outperforms most of its rivals in the segment. iSeeCarsThe 2021 Camry’s valuation indicates that you can expect this model to lose $9,373 in value since new, reflecting a 64.5 percent retention in value.
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How the 2021 Camry stands the test of time
JD power rewards the whole 2021 Toyota Camry range, including the ICE, Hybrid and V-6 models, an overall consumer-verified score of 82/100, which consists of a quality and reliability rating of 85/100, along with a driving experience of 83/100 and a resale value of 82/100, bringing the overall score to 82/100. iSeeCars gives the same model a score of 8.6/10 for reliability, indicating it will last 12.1 years or approximately 263,005 kilometers without experiencing any significant mechanical failures, along with a 26.1 percent chance of reaching 200,000 kilometers.
There are currently 55 reviews on the Edmunds consumer reviews section, with the range currently holding a relatively disappointing average rating of 3.7/5. Existing owners tend to like its dynamic looks, high comfort levels, impressive reliability and overall production quality, but it does lose points for its bland interior, harsh noise while driving and struggling with an inconsistent transmission.
The V-6 will be more expensive to maintain
Opting for the V-6 derivativeavailable in XLE, XSE, and TRD trims, you’ll have to spend a little more on your ownership experience. If you choose the flagship TRD, you’ll spend $55,209 and 60,000 miles over five years, including $7,886 in maintenance, $2,500 in repairs and $14,749 in fuel. You can also expect to lose $14,479 in depreciation.
2021 Toyota Camry TRD Five-Year Cost-to-Ownership
Year 1 | Year 2 | Year 3 | Year4 | Year 5 | Total | |
|---|---|---|---|---|---|---|
Insurance | $1,492 | $1,537 | $1,583 | $1,630 | $1,679 | $7,921 |
Maintenance | $2,576 | $786 | $962 | $399 | $3,163 | $7,886 |
Repairs | $358 | $417 | $488 | $570 | $667 | $2,500 |
Taxes and fees | $2,632 | $229 | $215 | $202 | $184 | $3,462 |
Financing | $1,881 | $1,518 | $1,127 | $708 | $257 | $5,491 |
Depreciation | $4,020 | $2,234 | $2,013 | $2,720 | $2,213 | $13,200 |
Fuel | $2,778 | $2,861 | $2,947 | $3,036 | $3,127 | $14,749 |
Real cost of ownership | $15,737 | $9,582 | $9,335 | $9,265 | $11,290 | $55,209 |
The 2021 Camry’s 2GR FKS V-6 benefits from some impressive reliability standards because Toyota prioritized durability and consistent performance during the design and development process. Many previous and existing owners have reported high mileage with minimal problems performing routine maintenance.
There are a number of recurring issues to be aware of if you are considering this variant. On some units, oil leaks occur around the timing cover and valve timing system, so it is good practice to keep a close eye on the oil level often. A smaller number experience timing chain tensioner problems that cause noise during cold starts and require attention before the problem becomes worse. The engine may also misfire due to outdated spark plugs or fuel injectors, manifesting as rough idling or hesitation under load. On some cars, water pump leakage occurs as mileage increases, and the design of this V-6 means the pump sits in a location that rewards early detection and quick replacement before major repairs occur.
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A range of impressive powertrain options
When looking at the 2021 Toyota Camry lineup, you can choose from two engine options, namely the four-cylinder and the now-defunct V-6. The entry-level Toyota Camry models are equipped with the same 2.5-liter four-cylinder drive that you also find in the current-generation hybrid-only modelbut of course without electrical support. Regardless of whether you choose front-wheel drive or all-wheel drive, you’ll be able to make use of 203 horsepower and 184 pound-feet, which are sent to the wheels through an eight-speed automatic transmission. The result is a zero to 100 km/h acceleration time of eight seconds and a top speed of 185 km/h.
2021 Toyota Camry Performance Specifications
Four-cylinder 2.5 liter | 3.5-liter V-6 | |
Horsepower | 203 hp at 6,600 rpm | 301 hp at 6,600 rpm |
Couple | 184 LB-FT @ 5,500 rpm | 267 LB-FT @ 4,700 rpm |
Transfer | Eight-speed automatic | Eight-speed automatic |
Powertrain | Front-wheel drive or four-wheel drive | Front-wheel drive |
0-60 mph | 8.0 seconds | 5.8 seconds |
Top speed | 115 MPH | 130 mph |
Toyota only sold the 3.5-liter V-6 with front-wheel drive, also powered by an eight-speed automatic transmission. This produces 301 horsepower and 267 pound-feet, which is enough to allow it to complete a 0-60 mph sprint in 5.8 seconds before reaching a limited top speed of 80 mph.
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Attractive consumption efficiency across the entire range
When it comes to fuel efficiency, the four-cylinder models offer very attractive fuel economy returns. The front-wheel drive model delivers an estimated 28/39/32 MPG on the city/highway/combined cycle while traveling 500 miles on a single 15.8-gallon tank. You can expect to save $1,000 in fuel costs over the course of five years, spending $1,400 on fuel each year and $2.36 to drive 25 miles.
2021 Toyota Camry EPA Fuel Economy Estimates
Come on | AWD | V-6 | |
Gas consumption (city/highway/combined) | 28/39/32 mpg | 25/34/29 mpg | 22/33/26 mpg |
Range | 506 miles | 418 miles | 411 miles |
Five-year fuel savings | $1,000 | $250 | -$750 |
Annual fuel costs | $1,400 | $1,550 | $1,750 |
Cost to drive 25 miles (EV/gasoline) | $2.36 | $2.60 | $2.90 |
Cost to fill the tank | $48 | $43 | $48 |
Tank capacity | 15.8 litres | 14.4 gallons | 15.8 litres |
The tank also costs about $48 to refill. Upgrading to the all-wheel drive model improves fuel economy to 25/34/29 mpg and reduces the range to 420 miles. You’ll still save $250 in fuel costs over five years, spending $1,550 per year on fuel and $2.60 to drive 25 miles. This features a smaller 14.4-gallon fuel tank, which means you’ll have to spend $43 to fill up.
The V-6 returns 22/33/26 MPG and travels 400 miles. Since it’s front-wheel drive, it keeps the 15.8-gallon tank. You will find that you spend €750 more on fuel compared to the average new car over five years, spending €1,750 on fuel annually, and €2.90 to drive 25 miles.
Sources: Edmunds, iSeeCars, JD powerand the EPA
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