Typically talking, you already know that you’ll be spending much less on a Toyota Land Cruiser through the years than you’ll be spending on a comparable automobile from virtually another automaker on the planet. However, from oil modifications to insurance coverage, each automobile comes with its personal price of operation, irrespective of how dependable it could be.
3:10
Reliably Rugged: 8 Unstoppable Toyota Off-Street SUV Fashions
When it’s worthwhile to conquer the world, a Toyota SUV is the proper automobile for the job.
So, based mostly on the information we now have out there to us, together with typical funds, insurance coverage charges, gas economic system, and no matter we will be taught from earlier mannequin years, what’s the brand new Toyota Land Cruiser going to price you to maintain on the street 12 months after 12 months? That is what we’re right here to tally up.
What It Prices To Buy Or Lease A New Toyota Land Cruiser
Kelley Blue E-book places a typical base 2024 Land Cruiser MSRP at $63,345. The SUV is a hybrid, however the battery pack is only one.87 kWh, placing it effectively underneath the required measurement for the EV tax credit. If we assume a $6,500 down cost, 6% tax, and a 5% rate of interest, the mortgage phrases look one thing like this.
Mortgage Time period | 60 Months |
|---|---|
Quantity Due at Signing | $10,300.70 |
Whole Mortgage Curiosity | $7,519.12 |
Whole Price | $74,664.82 |
Month-to-month Fee | $1,072.74 |
These phrases would have you ever paying $12,872.88 a 12 months after paying $22,100.84 that first 12 months. This assumes you are not cashing in on the Loyalty Low cost, which might knock $1,500 off the overall price ticket.
Sibling Rivalry: 2024 Toyota Land Cruiser Vs. 2025 Toyota 4Runner
The Toyota 4Runner and Land Cruiser are each new and across the similar measurement. Which one is best?
If you wish to lease a Land Cruiser, assuming the identical tax and curiosity and a $30,000 residual worth, your phrases would appear like this.
Lease Time period | 36 Months |
|---|---|
Up Entrance Fee | $10,000 |
Whole Lease Funds | $31,371.63 |
Price To Personal After Lease | $73,171.63 |
Month-to-month Fee | $871.43 |
Leasing provides you an annual price of $10,457.16, assuming you paid $19,585.73 that first 12 months. We would not hassle leasing this factor. Even with a beneficiant upfront cost, you are going to wind up taking little or no cash off of the acquisition worth if you wish to purchase it after the lease is up, and also you’re solely saving a few hundred bucks a month. Leasing is sensible for high-end automobiles that depreciate shortly and price some huge cash to maintain working. It is senseless for a Toyota, a automobile you could drive for forty years with nothing however primary upkeep.
Add CarBuzz to your Google Information feed.
What It Prices To Insure A New Toyota Land Cruiser
Giving a ballpark estimate for insurance coverage prices is at all times difficult as a result of the quantity shall be very completely different for each driver. One driver may be spending $60 a month on the identical insurance coverage plan that may price another person $200.
With that in thoughts, the typical price to insure a midsize SUV in 2023 was $1,685 a 12 months, in keeping with AAA. Hybrids usually price round 7% extra to insure than a comparable non-hybrid automobile. So that offers us a mean of about $1,802 a 12 months, or $150 a month to insure a 2024 Toyota Land Cruiser.
What It Prices To Preserve A New Toyota Land Cruiser
For the Land Cruiser, Toyota recommends primary service each 5,000 miles. It features a primary inspection, tire rotation, and fluids. An intermediate service each 15,000 miles covers all that, plus air filters and re-torquing and lubrication for the propeller shaft. And each 30,000 miles you are doing all that plus checking and probably servicing the transmission, amongst different duties.
What Is The Secret To Toyota’s Reliability?
Anybody who is aware of something will inform you that Toyotas are dependable. However, ask them why, and so they might draw a clean.
For the primary two years or 25,000 miles, upkeep is free. After that, RepairPal estimates an annual upkeep price of round $843, whereas CarEdge estimates a ten-year upkeep price of $6,782. This will really appear a bit excessive for a Toyota, a model that RepairPal estimates at $441 for annual upkeep prices. The Land Cruiser is as dependable as any Toyota SUV, however the hybrid parts do improve the upkeep prices. That’s, the automobile does not endure extra breakdowns than a typical Toyota SUV, however when it does, elements will be pricier to exchange and restore.
What It Prices To Refuel A New Toyota Land Cruiser
The EPA estimates a 421-mile vary for the 2024 Toyota Land Cruiser, with a mean gas economic system of 23 miles to the gallon, mixed (22/25, metropolis/freeway). This comes out to an annual gas expense of $4,000, assuming a 12,000-mile common at present fuel costs of $3.58 a gallon. The Land Cruiser will not be a plug-in hybrid, so that you need not issue charging prices into the equation.
Will A Toyota Land Cruiser Retain Its Worth?
CarEdge knowledge factors to a 2024 Toyota Land Cruiser retaining a formidable 85% of its worth after three years, 78% after 5 years, and round 50% after a decade. Assuming a $63,345 MSRP and 12,000 miles a 12 months, this leaves you with a 10-year resale worth of $31,109, which ain’t unhealthy for a decade-old SUV with 120,000 miles on the odometer.
What’s The Whole Price Of Proudly owning A 2024 Toyota Land Cruiser?
Assuming that you simply’re shopping for, not leasing, and paying the typical prices in each single space of possession, your annual Land Cruiser prices will look one thing like this.
Annual Mortgage Funds | $12,872.88 |
|---|---|
Annual Upkeep Price | $843 |
Annual Refueling Price | $4,000 |
Annual Insurance coverage Price | $1,802 |
Whole Annual Price of Possession | $19,517.88 |
That is simply till you’ve got it paid off. After your mortgage is settled, you will have paid a complete buy price of $74,664.82 plus 60 months of refueling and insurance coverage, and three years of upkeep for a complete of $106,173, leaving you with an annual possession price of $6,645 from there on out.
Keep in mind that these prices are simply averages. Your individual mileage is more likely to fluctuate significantly. If you happen to drive twice as many miles as the everyday SUV proprietor, have a spotless driving document, and are claiming that $1,500 Toyota loyalty bonus, your numbers will look very completely different from the following proprietor’s.
Whether or not or not the associated fee is price it, effectively, that is for each particular person purchaser to find out for themselves. However, Toyotas lead the trade in longevity. Shopping for a brand new automobile is a really costly proposition, however with Toyota, you possibly can a minimum of relaxation assured that you simply will not have to purchase one other one anytime quickly.
