As a brand, Toyota is known for its lineup of vehicles that can hold their value better than many of its close competitors. Perhaps, it’s the quality of their vehicles, the likelihood that if you do what’s required to maintain your car, there’s a good chance you can push the odometer well into the hundreds of thousands. The RAV4 is a crown jewel in the brand’s lineup; it’s not just a reliable vehicle for the Toyota brand, it’s one of the most reliable and sought-after SUVs in the automotive market.
This is thanks in part to its continued popularity and low maintenance costs; it holds a strong resale value, pushing it to sell even more units to savvy consumers who plan ahead. Don’t just take our word for it; your Toyota RAV4 dealer has an inventory of new and used RAV4 models that prove their value. Whether you’re purchasing it new or used, it’s an excellent option for anyone looking for a dependable midsize SUV.
Some Background on the Toyota RAV4
Toyota debuted the first RAV4 in 1994 to meet the demands of the growing SUV market. It rapidly rose in popularity due to its affordable MSRP, reliability, and impressive performance. The RAV4 has always been a leader in its segment, designed with the latest entertainment tech, comfortable and convenient interior design, and the latest in safety and driver assistance technologies. It exemplifies Toyota’s commitment to building quality vehicles with long-lasting durability and a comfortable ride. The RAV4 is built to last, making it a fantastic option for anyone on a budget and looking to make a worthy investment. This compact crossover is now in its fifth generation and continues to prove great resale value across every model.
The Toyota RAV4 comes in many variations, all of which are convenient and affordable. Take the 2023 Toyota RAV4, for example; it has six different trim levels, including the LE, XLE, XLE Premium, Adventure, Limited, and TRD Off-Road, each offering a hybrid counterpart. The standard engine is a 2.5L DOHC V-4 that delivers 203 hp and runs on an eight-speed automatic transmission. A front-wheel drive system comes standard, but you can always opt for an all-wheel drive configuration if you’re into off-roading or heading to Tahoe during the snowy season. Best of all, the engine is fuel efficient, getting an EPA-estimated 27 MPG in the city and 35 MPG on the highway.
One of the most appealing qualities of any Toyota, especially the RAV4, is the impeccable suite of safety features. The 2023 model comes standard with what the brand has dubbed Toyota Safety Sense 2.5. It features a pre-collision system with pedestrian detection that provides audio and visual alerts if a person is in the way and full-speed range dynamic radar cruise control that works seamlessly on the highway using vehicle-to-vehicle distance ratios so that you always maintain a preset difference with the vehicle in front of you. In addition to automatic high beams, it also has lane departure alert with steering assist that helps when lane markers are detectable, and road sign assist, which is a function to help detect speed limit and stop signs and display them on the multi-information display.
The RAV4 also functions as a means to make your life more convenient. The standard 8-inch infotainment display now has wireless connectivity for your Apple CarPlay and Android Auto entertainment devices. It’s customizable and delivers quality sound when you need GPS, music, podcasts, or quality audio for phone calls. The RAV4 also offers heated and ventilated seats to keep you comfortable in any climate, along with generous cargo space and plenty of legroom, making it easy to transport your friends, family, and all of their stuff. It has additional available driver assistance features like a blind spot monitor and rear cross traffic alert, meaning your Toyota has your back even in the most chaotic parking lots.
A Look at the RAV4’s Reliability
One of the main reasons the RAV4 maintains its value is its strong build quality, designed for durability and long-term reliability. Toyota employs only robust components designed to last for many years, ensuring that the RAV4 will be in great condition even after years of use. For drivers who care for their vehicles by never missing a routinely scheduled oil change, tire rotation, and other periodic maintenance, the RAV4 will easily last for years and miles ahead. According to Car Edge, a company that studies depreciation across dozens of brands, Toyota vehicles are consistently ranked at the top in overall resale value. The RAV4 has ranked in their Top 20 alongside other great value vehicles when studied over a 12-year expected lifespan.
While the quality of components and upkeep play a large role in the value of the RAV4, other factors contribute to its keen ability to retain value. Toyota’s attention to detail and commitment to overall quality make the RAV4 a desirable model. Building a vehicle that delivers exceptional yearly sales, the RAV4 has proven to entice customers with new and pre-owned models alike. When it comes to reselling your RAV4, there are always plenty of drivers seeking a gently used model that will stay on the road long after you’ve transferred the title.
Another factor that contributes to the RAV4’s value is its low cost. The RAV4 is one of the most affordable vehicles on the market. Even the top-tier trim levels are relatively affordable compared to many of today’s best-selling SUVs. The low purchasing price makes it an excellent choice for those with tight budgets. Once you’ve invested in a RAV4, the ownership costs are relatively low. Since the RAV4 is proven in its reliability, you can expect to save on service and repairs, unexpected breakdowns, title and insurance costs, and any replacement parts you might need. This relatively low cost of ownership allows drivers to purchase a quality vehicle without spending a lot of money upfront or over the years. It’s hard to compete with the long-term value of the RAV4.
Finally, the Toyota RAV4 is known for its excellent fuel efficiency and low emissions rating, built with a clean and efficient engine. The current 2.5L I-4 and engines of RAV4 models from the past offer drivers an undeniable opportunity to save money at the pump. This makes the RAV4 a great choice for eco-conscious drivers looking for a dependable vehicle that won’t force them to spend excess time and money at the gas station.
A Worthy Investment for Those Looking for a Reliable SUV
If you’re in the market for a subcompact SUV that’s affordable and delivers great value, look no further than the Toyota RAV4. The brand combines quality design, reliable components, low maintenance costs, and efficient performance. The ownership costs offer drivers savings in repairs, maintenance, and daily expenses such as fuel costs. The Toyota RAV4 is the vehicle that makes a great investment today, offering drivers an exciting and convenient experience every time they get behind the wheel.
But it only gets better from there because owning a Toyota RAV4 is an investment in your future., just as much as it is an investment in your present. Toyota utilized every tool in its arsenal to build a vehicle that reflects its commitment to quality and efficiency. The RAV4 is a dependable car for today and tomorrow, maintaining its value over time no matter how long you own it.