Why Two Toyota Models Are Losing Value Faster Than You’d Expect

Toyota has a well-earned reputation for building cars that last. That’s why models like the Tacoma and 4Runner hold their value so well, and why the brand tops reliability charts year after year. But not every Toyota follows that script. Two models—the Mirai and the bZ4X—are seeing unusually steep depreciation, and the reasons matter if you’re shopping for a used car or thinking about a new one.

First, the Mirai. It runs on hydrogen, which sounds futuristic, but filling up is a real headache. S. are in California, and even there, shortages have left many stations empty. A 2021 Mirai that started around $49,500 can now sell for about $10,000. That’s an 80% drop in five years.

For owners of Mercedes, BMW, Audi, or Lexus vehicles, this is a reminder that alternative fuels can come with hidden costs. If you own a Mirai or are considering one, we can inspect it and discuss the practical realities.

Then there’s the bZ4X, Toyota’s first mainstream electric vehicle. It arrived later than competitors like Tesla and Hyundai, and early models had a safety recall for wheel hub bolts that could loosen. Beyond that, EV technology is advancing quickly, which means older electric cars lose value faster than gas ones.

A 2023 bZ4X Limited that cost nearly $50,000 is now worth around $21,400 after three years—a 57% loss. For owners of Toyota, Honda, or any hybrid or EV, this shows how fast the market can shift. If you’re concerned about your vehicle’s value or have questions about EV maintenance, stop by our shop.

We’ve been serving Boca Raton since 1989, and we’re happy to help you make sense of it all.