The Toyota 86, a beloved sports car known for its affordability and driving fun, has captured the hearts of enthusiasts worldwide. But before you rush to grab the keys, understanding the financial commitment is crucial. How much does a Toyota 86 really cost? The answer isn’t as straightforward as a simple sticker price. This article will provide a comprehensive overview of the Toyota 86’s cost, considering various factors from the base MSRP to ongoing maintenance.
Understanding the Base Price of a Toyota 86 (and its Successor)
The Toyota 86, unfortunately, is no longer in production. It was replaced by the Toyota GR86. Understanding the historical price of the 86 and the price of its successor is a critical step when considering purchasing one. The last model year for the Toyota 86 saw a starting MSRP of around $27,000. This was for the base trim level.
However, finding a brand-new, unsold 86 at the original MSRP is now exceedingly difficult. Used market prices will vary widely based on condition, mileage, and modifications. We will get to that later.
The Toyota GR86, the successor, currently has a starting MSRP of around $28,400. This is for the base trim. While this is a slight increase from the 86, it comes with increased performance and improved features.
Factors Influencing the New Toyota GR86 Price
Several factors contribute to the final price you’ll pay for a new GR86. The most obvious is the trim level. The base model will always be the most affordable. However, higher trims add features and, consequently, increase the price.
Optional features and packages significantly impact the sticker price. These can range from upgraded audio systems and performance enhancements to cosmetic upgrades.
Destination fees are also an unavoidable cost. These fees cover the transportation of the vehicle from the factory to the dealership. They are typically a few hundred to over a thousand dollars.
Dealer markups can also play a significant role. Especially in high-demand markets, dealerships may add markups to the MSRP. It’s crucial to negotiate and compare prices at multiple dealerships.
Toyota GR86 Trim Levels and Pricing
The Toyota GR86 typically comes in a few trim levels. Knowing the approximate costs of each trim is very important.
The base model GR86 generally includes essential features like a touchscreen infotainment system, sport seats, and the signature 2.4-liter boxer engine.
The Premium trim usually adds features like leather upholstery, heated seats, and additional safety features. This typically increases the price by a few thousand dollars.
It’s always a good idea to check Toyota’s official website or visit a local dealership for the most up-to-date pricing and feature information.
The Used Toyota 86 Market: A Wide Range of Prices
The used Toyota 86 market presents a wide range of options, with prices varying significantly based on several factors.
Mileage is a primary determinant of price. Lower mileage examples will generally command higher prices.
The car’s condition plays a pivotal role. A well-maintained 86 with a clean history will be worth more than one that’s been neglected or involved in accidents.
Modifications can either increase or decrease the value. Tasteful, performance-enhancing modifications from reputable brands can be appealing to some buyers, potentially increasing the price. However, poorly executed modifications or those that detract from the car’s original character can lower its value.
Model year matters too. Newer model years generally have higher prices than older ones due to depreciation and the inclusion of newer features.
Location can also affect pricing. Demand and availability vary by region, influencing the prices of used 86s.
Finding a Fair Price for a Used Toyota 86
Research is key when searching for a used Toyota 86. Online resources like Kelley Blue Book (KBB) and Edmunds provide valuation tools that can help you determine a fair price based on the car’s condition, mileage, and features.
A pre-purchase inspection by a qualified mechanic is essential. This inspection can reveal any hidden problems or potential issues that may affect the car’s value. This could be anything from worn brakes to potential engine problems.
Negotiation is part of the process. Be prepared to negotiate with the seller, whether it’s a private party or a dealership. Use the information you’ve gathered from your research and inspection to justify your offer.
The Hidden Costs of Ownership: Beyond the Purchase Price
The initial purchase price is just one part of the overall cost of owning a Toyota 86. Several other expenses come into play throughout the ownership experience.
Insurance is a mandatory expense for all car owners. Insurance rates for the Toyota 86 can vary depending on your age, driving history, location, and the level of coverage you choose. Sports cars generally have higher insurance premiums than other types of vehicles due to their higher risk profile.
Fuel costs are another ongoing expense. The Toyota 86 is relatively fuel-efficient for a sports car, but fuel costs can still add up over time, especially if you drive frequently or aggressively.
Maintenance and repairs are inevitable costs. Regular maintenance, such as oil changes, tire rotations, and brake inspections, is essential to keep your 86 running smoothly. Unexpected repairs can also occur, so it’s wise to budget for these potential expenses.
Tires are a recurring cost, especially for a car like the 86, which encourages spirited driving. Performance tires can be expensive, and they may wear out more quickly than standard tires.
Registration and taxes are annual expenses. These costs vary by state and locality.
Estimating Your Total Cost of Ownership
To get a clear picture of the true cost of owning a Toyota 86, it’s helpful to estimate your total cost of ownership over a specific period, such as five years.
Start by estimating your annual mileage. This will help you calculate your fuel costs and tire replacement frequency.
Research insurance rates from multiple providers to get an idea of your annual insurance expenses.
Factor in routine maintenance costs based on the manufacturer’s recommended service schedule. This can usually be found in the owner’s manual.
Set aside a budget for unexpected repairs. Even with regular maintenance, things can still go wrong.
Calculate your annual registration and tax fees.
Add all these expenses together to arrive at your estimated total cost of ownership.
Is the Toyota 86 Worth the Cost? Considering Value and Alternatives
Ultimately, the question of whether the Toyota 86 is worth the cost depends on your individual priorities and budget.
The 86 offers a unique driving experience that few other cars can match. Its rear-wheel-drive configuration, lightweight chassis, and responsive steering make it a joy to drive on twisty roads and at the track.
The 86 is also relatively affordable compared to other sports cars. This makes it an accessible option for enthusiasts who want a fun and engaging driving experience without breaking the bank.
However, the 86 does have some drawbacks. Its interior is relatively basic, and its rear seats are cramped. It’s also not the most practical car for everyday use.
Comparing the Toyota 86 to Alternatives
Before making a decision, it’s worth considering alternative sports cars in the same price range.
The Mazda MX-5 Miata is a popular alternative that offers a similar driving experience to the 86. It’s also a convertible, which adds to its appeal.
The Subaru BRZ is mechanically identical to the Toyota 86, so it offers a similar driving experience. The main differences are in styling and available features.
The Hyundai Veloster N is a hot hatch that offers a more practical alternative to the 86. It has more cargo space and a more comfortable interior.
Consider your priorities and test drive different cars to determine which one is the best fit for you. If you value a pure driving experience and affordability, the Toyota 86 (or its successor, the GR86) is definitely worth considering.
Modifying Your Toyota 86: Adding to the Cost
Many Toyota 86 owners enjoy customizing their cars to improve performance or aesthetics. While modifications can enhance the driving experience, they also add to the overall cost of ownership.
Performance modifications, such as aftermarket exhausts, air intakes, and suspension upgrades, can improve the car’s handling and power output. However, these modifications can be expensive, and they may also void your warranty if not installed properly.
Aesthetic modifications, such as aftermarket wheels, body kits, and interior upgrades, can enhance the car’s appearance. However, these modifications can also be costly, and they may not appeal to all buyers if you decide to sell the car in the future.
Professional installation is essential for many modifications. Improperly installed modifications can damage your car or compromise its safety.
Budgeting for Modifications
Before you start modifying your Toyota 86, it’s important to set a budget and stick to it.
Research the cost of different modifications and get quotes from reputable installers.
Prioritize the modifications that are most important to you.
Consider the potential impact of modifications on your car’s resale value.
Remember that modifications can be addictive, so it’s important to be disciplined and avoid overspending.
Modifying a Toyota 86 is an enjoyable way to personalize your car and enhance its performance. However, it’s important to be aware of the costs involved and to budget accordingly.
Financing, Leasing, or Buying a Used Toyota 86: Choosing the Right Option
When acquiring a Toyota 86, you have several options: financing, leasing (if available for the GR86), or buying a used model outright. Each option has its own set of pros and cons.
Financing involves taking out a loan to purchase the car. You’ll make monthly payments over a set period, and you’ll eventually own the car outright. Financing is a good option if you plan to keep the car for a long time and you want to build equity.
Leasing involves renting the car for a set period, typically two to three years. You’ll make monthly payments, but you won’t own the car at the end of the lease. Leasing is a good option if you want to drive a new car every few years and you don’t want to worry about depreciation. Leasing options for the discontinued Toyota 86 will be difficult if not impossible to find. Leasing the GR86 is possible but make sure to calculate the total cost of the lease carefully before agreeing to a deal.
Buying a used Toyota 86 offers the advantage of a lower purchase price. You’ll own the car outright, and you won’t have to make monthly payments. Buying a used car is a good option if you’re on a tight budget or you want to avoid taking out a loan.
Comparing Financing, Leasing, and Buying Used
When choosing between financing, leasing, and buying used, it’s important to consider your individual circumstances and preferences.
Consider your budget and how much you can afford to spend on a car each month.
Think about how long you plan to keep the car. If you plan to keep it for a long time, financing or buying used may be the better option.
Assess your credit score. A good credit score will help you qualify for a lower interest rate on a car loan.
Research the terms and conditions of different financing and leasing offers.
Ultimately, the best option for you will depend on your individual needs and financial situation.
The Future of Affordable Sports Cars: The GR86 and Beyond
The Toyota 86, and now the GR86, occupy a unique space in the automotive market as relatively affordable, engaging sports cars. The discontinuation of the 86 left many wondering about the future of this segment. The arrival of the GR86 has answered that question, for now.
However, the automotive landscape is constantly evolving. Rising production costs, increasing safety regulations, and the shift towards electric vehicles all pose challenges to the future of affordable sports cars.
Despite these challenges, there is still strong demand for fun-to-drive, accessible sports cars. Automakers are likely to continue exploring new ways to meet this demand, whether through traditional gasoline-powered models or innovative electric alternatives.
The GR86 represents a continuation of the Toyota 86’s legacy, offering an improved driving experience at a reasonable price. As technology advances and consumer preferences evolve, the future of affordable sports cars remains an exciting and uncertain prospect.
The key takeaways are the Toyota 86’s cost varies wildly depending on new versus used market, trim, condition, mileage, and modifications. Factor in insurance, fuel, and maintenance costs. Consider alternatives like the Miata or BRZ. Research thoroughly and get a pre-purchase inspection. Understand financing options. Modifications increase the cost but enhance the experience.
What is the Manufacturer’s Suggested Retail Price (MSRP) for a base model Toyota 86?
The Manufacturer’s Suggested Retail Price (MSRP) for a base model Toyota 86, when it was available new, typically started around $27,000 to $28,000. This price could vary slightly based on the model year and any regional differences in pricing. It’s important to remember that this is just the base price and doesn’t include options, packages, destination fees, or taxes.
This starting price made the 86 an appealing option for enthusiasts seeking a sporty and engaging driving experience without breaking the bank. Keep in mind, since the 86 is no longer produced and sold as new, the actual price you pay now will be based on the used car market and factors such as mileage, condition, and location.
What are the different trim levels of the Toyota 86 and how do their prices compare?
The Toyota 86 generally had a few different trim levels available, often including a base model and a higher-spec version that might have been called the “GT” or offered with a performance package. The higher trims typically included features like upgraded interior materials, enhanced audio systems, and performance-oriented components.
The price difference between trim levels could range from a few thousand dollars to several thousand dollars, depending on the specific features and upgrades included. It’s worthwhile to research what extra features come with the higher trims to determine if the added cost aligns with your needs and preferences.
Besides the MSRP, what other fees and costs should I consider when purchasing a Toyota 86?
Beyond the MSRP, prospective buyers should factor in destination charges, which are fees charged by the manufacturer to transport the vehicle to the dealership. Taxes, such as sales tax, are also a significant expense and will vary depending on your state and local tax laws. Furthermore, registration fees and licensing costs must be accounted for.
Insurance costs should not be overlooked. Sports cars like the Toyota 86 can sometimes have higher insurance premiums compared to standard sedans due to their performance capabilities and potential for higher repair costs. It’s a good idea to get insurance quotes before making a purchase to get a clear picture of the total cost of ownership.
What is the typical annual maintenance cost for a Toyota 86?
The typical annual maintenance cost for a Toyota 86 can vary depending on factors such as driving habits, the car’s age, and the location where you have it serviced. However, since the 86 is based on proven Toyota engineering, it generally has good reliability and lower maintenance costs compared to some other sports cars.
Routine maintenance like oil changes, tire rotations, and brake inspections are the most common services needed. You should also consider potential repairs related to wear and tear, such as brake pad replacements or suspension work, as the car ages and accumulates mileage.
How does the fuel efficiency of the Toyota 86 affect its overall cost of ownership?
The Toyota 86 is a relatively fuel-efficient sports car, which helps keep the overall cost of ownership manageable. Its fuel economy is typically in the range of 24 miles per gallon in the city and 32 miles per gallon on the highway, although these figures can vary based on driving style and road conditions.
While it’s not the most fuel-efficient car on the market, the 86’s fuel economy is decent for a sporty vehicle. Considering the price of gasoline, the savings in fuel costs can be significant over the long term compared to less efficient sports cars.
How does the used car market affect the price of a Toyota 86?
The used car market significantly impacts the price of a Toyota 86. Factors such as mileage, condition, model year, trim level, and location all play a role in determining the resale value. The popularity of the 86 as a desirable sports car often helps it maintain a relatively strong resale value.
Generally, well-maintained examples with lower mileage and desirable features will command higher prices. Demand for specific model years or limited editions can also influence prices. Monitoring online marketplaces and local dealerships is essential to gauge the current market value of a used Toyota 86.
Are there any common issues with the Toyota 86 that could lead to unexpected repair costs?
While the Toyota 86 is generally considered a reliable car, there are a few potential issues that owners should be aware of, which could lead to unexpected repair costs. Some owners have reported issues related to the direct injection system, which can sometimes cause carbon buildup over time.
Additionally, due to the sporty nature of the car, components like brakes and suspension parts may wear out more quickly than in a typical sedan. Regular maintenance and inspections can help identify and address potential problems early on, minimizing the risk of major repair expenses.