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Cost to Own

2024 Toyota Tacoma Cost to Own

A 2024 Toyota Tacoma will depreciate $10,215 after 5 years and have a 5-year residual value of $22,780. With out of pocket expenses at $28,592, the total Cost to Own of the 2024 Toyota Tacoma is $38,807.

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Miles Driven / Year

Among the Best

The 2024 Toyota Tacoma is in the top 10% for Cost to Own among all Mid-size Pickup Trucks.

5-Year Cost to Own: $38,807

What Does Cost to Own Include?

Out of Pocket Expenses $28,592

5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.

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Depreciation (Loss in Value) $10,215

The car's estimated loss in value from the purchase date over 5 years.

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Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

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Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 Toyota Tacoma XtraCab

Cost to Own: $38,807

MSRP: $32,995

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	New 2024 1 of 3 Toyota Tacoma XtraCab	Add a car to compare cost to own data	Add a car to compare cost to own data
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Total Out of Pocket Expenses	$28,592	-	-
Fuel	$6,459	-	-
Maintenance	$3,848	-	-
Insurance	$10,140	-	-
Repairs	$1,726	-	-
Financing	$3,976	-	-
State Fees	$2,443	-	-

Compare 5-Year Depreciation

2024 Toyota Tacoma XtraCab

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5-year Cost to Own Breakdown

2024 Toyota Tacoma XtraCab

	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Fuel	$1,375	$1,303	$1,268	$1,259	$1,254	$6,459
Insurance	$2,028	$2,028	$2,028	$2,028	$2,028	$10,140
Financing	$1,380	$1,102	$810	$503	$181	$3,976
State Fees	$2,363	$20	$20	$20	$20	$2,443
Maintenance	-	$1,099	$582	$1,635	$532	$3,848
Repairs	-	-	$398	$664	$664	$1,726
Depreciation	$3,270	$2,441	$2,945	$932	$627	$10,215
Cost To Own	$10,416	$7,993	$8,051	$7,041	$5,306	$38,807

2024 Toyota Tacoma XtraCab Cost to Own

5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).

5-Year Depreciation:$10,215

5-Year Out of Pocket Expenses:$28,592

5-Year Cost to Own:$38,807

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FAQs

As of April 2025 insuring a Toyota Tacoma XtraCab 2024 will cost approximately $10,140 dollars to insure per year, or $845 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of April 2025 average annual maintenance costs for a Toyota Tacoma XtraCab 2024 run about $769 dollars, totaling approximately $3,848 dollars over five years.

As of April 2025 average annual depreciation for a Toyota Tacoma XtraCab 2024 runs about $2,043 dollars, totaling approximately $10,215 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Toyota Tacoma XtraCab 2024 can be expected to depreciate around $10,215 dollars over the course of 5 years, averaging $2,043 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Toyota include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Toyota Tacoma XtraCab 2024 run about $769 dollars or $3,848 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Toyota.

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