Toyota vehicles are known for holding their value. This reputation is much more than just a marketing schtick; it’s backed by decades of performance. But what about people shopping for older used cars that want a hybrid? Do they hold their value as well?

There Are Plenty of Reasons to Buy a Used Hybrid

There are so many reasons to consider buying a used hybrid. Especially a Toyota. When compared to gas vehicles, they not only reduce your carbon footprint, but they will save you money at the pump, and in some cases, they perform better.

Toyota Hybrids Hold Their Value Exceptionally Well

If you’re looking at used cars and want to make the switch to a hybrid, you really can’t go wrong with a Toyota. Even the older Prius plug-in models and regular Prius hybrid benefit from higher resale values than other cars.
Benefits such as affordable maintenance, battery warranties, and low running costs keep the resale values about 4% higher than many of its competitors.

Which Hybrids Are the Best at Holding Their Value?

It’s not surprising that a list of hybrids that hold their value after three years includes more than one Toyota. The Corolla Hybrid may be one of the newer hybrids in the Toyota lineup, but after three years, it still retains about 79 percent of its value.
Also on that list? The Toyota Prius. After three years, it retains about 70 percent of its value. The Prius is one of the most recognizable hybrids on the road. It arrived back in the 1990s to lead the hybrid market and continues to sit at the top of the pack today.
With up to 57 miles of range and the ability to go up to 644 miles on a single tank of gas, it’s perfect for commuters.

So Why Do Toyotas Hold Their Value More Than Other Brands?

According to industry experts, the reason that Toyota models, including their hybrids, hold their value so well has to do with practicality and design. Toyota parts are available everywhere, and they are affordable. But even though you can easily get parts, you probably won’t need them very often. The quality of engineering and construction of the cars means that maintenance costs are low because they are designed to last.
Instead of chasing trends, Toyota uses proven technologies in their hybrid systems, which sets them apart in the market and makes them a popular choice for people who are shopping for used cars.

Best Years for a Used Prius

The sweet spot for a used Toyota Prius is the 2013 model year. It’s part of the third generation and has excellent reliability ratings. This generation was redesigned in 2010. It received a larger engine and made more features available. It typically will use electric power when driving at speeds up to 25 mph, and then the gas engine kicks in to not only help propel the car but also to charge the battery.