9 Reasons Buying a Toyota Will Save You Money

They‘re the vehicles that keep on saving.

Women driving in car
Updated May 28, 2024
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Are you in the market for a new car? 

Choosing a model from Toyota might save you cash and boost your bank account throughout the time you own the vehicle.

Here are a few reasons you should consider buying a Toyota if you aim to save cash over your vehicle’s lifetime.

Reliability

edb3_16/Adobe toyota tacoma ventures

Nobody wants to get in their car and worry that it won’t start — or that the “check engine” light will suddenly illuminate at the worst possible time.

A Toyota is a good option if reliability is among the things you most covet in a vehicle. In fact, Consumer Reports has named the manufacturer among the most reliable, which should mean fewer repair bills.

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Maintenance

Mr. Music/Adobe mechanic inspecting a car at repair center.

To maintain your car, you will need to take it in for oil changes and other regular maintenance. But the costs of such services can vary depending on the make and model.

CarEdge says Toyotas are the least expensive cars to maintain over 10 years, with an estimated $5,996 in maintenance costs.

The website also ranked maintenance costs by car model, with Toyotas making up the top six spots among the most affordable.

Longevity

vector_master/Adobe Toyota C-HR in motion on the street.

You count on your car working every day, but how long is the vehicle likely to last?

Check out a Toyota if you want a vehicle that will likely work day after day for years. Toyotas have a reputation for running optimally well past 200,000 miles. Some even remain on the road for up to 250,000 miles.

Fuel efficiency

CLShebley/Adobe Prius hybrid car is being filled with gasoline.

A big part of a vehicle’s ongoing cost comes down to how often you find yourself fueling up at the gas pump.

Toyotas are great cars for fuel efficiency, especially when you consider hybrid vehicles that work on both gas and electric power, such as the Toyota Prius.

Toyota has also introduced several other hybrid versions of its popular cars, giving you more flexibility when it comes to saving money on gas.

Quality

Brandon Woyshnis/Adobe Interior of a Toyota

Toyota emphasizes the quality of its products. The automaker’s cars have a reputation for being sturdy rather than flimsy.

A durable car that lasts for a long time and is not always in the shop is likely to save you money.

Resale value

kegfire/Adobe dealer with car keys

The day may arrive when you’re ready to sell your Toyota and get a new vehicle.

Like other vehicles, Toyotas will depreciate in price over time. But you can still earn more money back from a Toyota resale than you might from selling other types of cars.

In fact, the Toyota Tundra topped car research firm Kelley Blue Book’s list of vehicles with the best resale value. The pickup truck retains 73.3% of its value after five years. Toyotas took three spots on Kelley Blue Book’s top 10 list.

Availability

mastersky/Adobe A Toyota car dealership

Some car models are harder to find than others. But there should be plenty of Toyota options at your local dealer.

After all, three of the top 10 best-selling vehicles in 2022 were Toyotas, according to Car and Driver. The best-selling SUV was the RAV4, and the best-selling sedan was the Camry.

Having more options to choose from should help you find a car at a better price.

Safety

Tomasz Warszewski/Adobe Toyota C-HR on highway

If safety is a major concern, a Toyota may be a good option for you.

The Insurance Institute for Highway Safety and Highway Loss Data Institute tests cars each year to see how safe they are.

In 2023, several Toyotas earned a Top Safety Pick+ ranking, including the Camry, Highlander, Sienna, and Tundra. Safe cars can shield you from medical bills and other costs.

Insurance

baranq/Adobe Woman inspecting her scratched car and calling insurance agent

Car insurance can be expensive. The price of such coverage partially depends on the type of car you choose.

Some Toyotas — including the Highlander, Sienna, and Tacoma — have a reputation for being affordable to insure.

Bottom line

Вера Тихонова/Adobe Toyota dealership

A Toyota might be a good choice for your next vehicle if you want to lower your car costs.

From quality construction to lower insurance costs and higher resale values, many Toyotas can save you cash throughout the time you own them.

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Author Details

Jenny Cohen

Jenny Cohen is a freelance writer who has covered a bit of everything, from finance to sports to her favorite TV shows. Her work has been featured in The Wall Street Journal, USA Today, and FoxSports.com.