Final V6 Toyota Tacoma Costs and Alternatives in 2026

The 2023 Toyota Tacoma is the last model year with a V6 engine, as the fourth-generation Tacoma, introduced for 2024, dropped the V6 entirely in favor of a turbocharged four-cylinder. That makes the 2023 edition a sought-after used truck, especially among buyers who prioritize towing power over fuel efficiency.

Toyota's reputation for durability also helps these trucks hold their value well.

On the used market, prices for the 2023 V6 Tacoma vary by trim and mileage. Base SR and SR5 models typically sell between $26,000 and $32,000, while popular 4x4 versions like the TRD Sport and TRD Off-Road often go for $34,000 to $39,000. Higher-end TRD Pro models and manual-transmission examples can exceed $42,000, especially with low mileage.

Average transaction prices across the country hover around $32,000 to $37,000.

5-liter V6 produces 278 horsepower and 265 lb-ft of torque. V6 4WD models can tow up to 6,400 pounds, while the four-cylinder version is limited to 3,500 pounds. Payload capacity is the same for both at 1,685 pounds. The V6 also offers better fuel economy than some rivals, returning 18 MPG city and 22 MPG highway in 4WD trim.

For buyers open to a brand-new V6 truck, the 2026 Nissan Frontier starts at just over $32,000 for the base S model. 8-liter V6 makes 310 horsepower and 281 lb-ft of torque. The Frontier edges out the Tacoma in towing capacity, with some trims rated up to 6,960 pounds, but the Tacoma offers better payload and fuel economy.

The Frontier's top PRO-4X trim starts at $41,870, which is less than the average used price of a 2023 Tacoma TRD Pro.

The fourth-generation Tacoma has faced transmission issues, including sudden gear lockouts and slipping into limp mode, often within the first 1,000 miles. Toyota issued a technical service bulletin instructing dealers to replace the complete transmission assembly for affected vehicles, though it was not an official safety recall.