The 2016 Toyota Tacoma is a standout midsize pickup truck that continues to hold significant value in the used vehicle market. Known for its durability, off-road capabilities, and overall reliability, the Tacoma appeals to a wide range of buyers—from adventurers and tradespeople to collectors and commuters. If you’re considering buying or selling a used 2016 Toyota Tacoma, understanding its current market value is crucial.
In this detailed guide, we will explore everything that influences the price of a used 2016 Toyota Tacoma, including trim levels, mileage, condition, location, and more. We’ll also provide an estimated value range, compare prices across popular platforms, and give you tips on how to get the best deal, whether you’re buying or selling.
Overview of the 2016 Toyota Tacoma
The 2016 model year marked a significant improvement for the Toyota Tacoma. It was the first year of the third-generation model, featuring a sleeker design, a more refined interior, and enhanced tech features. It’s widely recognized as a turning point for the Tacoma, which shifted from a practical truck to a lifestyle-focused vehicle that’s both stylish and functional.
- Trim Levels: The 2016 Toyota Tacoma came in six main trims—Access Cab SR, SR5, TRD Sport, TRD Off-Road, Limited, and TRD Pro.
- Engine: All models were powered by a 3.5L V6 engine producing 278 horsepower and 265 lb-ft of torque.
- Transmission Options: A standard six-speed manual or optional six-speed automatic transmission.
- Drivetrain: Available in rear-wheel drive (RWD) or four-wheel drive (4WD).
- Bed Configurations: Short bed (60.5 inches) and long bed (73.3 inches), depending on cab type.
Key Features That Add Value
Certain features and packages significantly influence the market value of a 2016 Tacoma:
- TRD Off-Road package with locking rear differential
- TRD Pro trim upgrades like Bilstein shocks, skid plates, and all-terrain tires
- Navigate with Entune touchscreen infotainment system
- Four-wheel drive (4WD)
- Lower-mileage vehicles
- Two-tone paint or premium wheels
Current Market Value of a Used 2016 Toyota Tacoma (2024)
As of 2024, the value of a used 2016 Toyota Tacoma varies depending on a multitude of factors. On average, you can expect a base price range of $18,000 to $31,000, though TRD Pro models and well-maintained examples often sell for much more, particularly in strong markets.
Trim-Level Pricing Breakdown
| Trim | Average Market Price (2024) | Key Features |
|---|---|---|
| SR | $18,000–$23,500 | Manual transmission, cloth interior, basic tech |
| SR5 | $19,500–$25,000 | Cruise control, automatic option, audio upgrade |
| TRD Sport | $20,500–$26,500 | Sport-tuned suspension, alloy wheels, styling |
| TRD Off-Road | $23,000–$28,000 | Off-road shocks, locking rear differential |
| Limited | $24,000–$29,500 | Automatic transmission, leather seats, sunroof |
| TRD Pro | $27,500–$33,000+ | Bilstein shocks, color-matched TRD skid plates, upgraded suspension |
TRD Pro: The Premium Option
The TRD Pro is the most highly sought-after trim for off-road enthusiasts. Introduced in 2016, it quickly became one of the most collectible versions of the third-gen Tacoma. Its unique Fox suspension and rugged styling elements have increased its desirability and retained value, especially for well-maintained examples.
Factors Affecting Market Pricing
Several variables can cause a 2016 Toyota Tacoma’s value to fluctuate:
- Mileage: Vehicles with under 90,000 miles generally sell for higher prices than those over 130,000 miles.
- Condition: Cars with clean history reports, documented service records, and minimal wear retain more value.
- Location: Prices can vary by thousands depending on regional demand—western U.S. markets tend to see higher values.
- 4WD vs. 2WD: Four-wheel drive increases the average price by anywhere between $1,000–$3,000, especially desirable in mountainous or cold regions.
- Transmission: Automatic versions are more expensive than manual.
- VIN-Specific History: Vehicles with clean Carfax histories and no accidents typically fetch higher prices.
Where to Buy or Sell a 2016 Toyota Tacoma
With the average value across the country ranging from $18,000 to $33,000, it’s essential to choose the right platform for either purchasing or selling. Here’s a breakdown of popular options:
Dealerships
Buying a used 2016 Tacoma from a dealership typically provides peace of mind with certified pre-owned (CPO) options, warranties, and financing. However, prices tend to be on the higher side compared to private sellers.
Pros of Dealership Purchase
- Inspection guarantees
- Financing available
- Warranties and extended service options
Cons
- Higher final price
- Potentially limited selection
Private Sellers
Buying directly from a private seller can offer substantial savings—typically $1,000 to $2,500 less than a dealership. This route is best for those with some knowledge of used car purchasing and the means to perform an inspection.
Tips for Buying From a Private Seller
- Research the vehicle’s vehicle history report (via VIN lookup)
- Take the vehicle to an independent mechanic for inspection
- Ensure all service records are available
Popular Selling Platforms
- Cars.com
- Has a wide inventory of used Tacomas, filters by trim, mileage, and features.
- Autotrader
- Great for comparing pricing and locating nearby vehicles, with user-friendly search tools.
- Kelley Blue Book (KBB)
- Useful for appraisal and pricing estimation, with trim-specific valuations.
- Craigslist
- Private-sale listings vary but often offer lower prices—important to thoroughly vet.
- iSeeCars
- Focuses on low-mileage used cars, making it ideal for finding standout examples.
2016 Toyota Tacoma Valuation by Mileage
Mileage significantly impacts how much a used 2016 Toyota Tacoma is worth. Here’s a deeper look:
50,000 Miles and Under
A 2016 Tacoma with under 50,000 miles is in high demand and usually priced at a premium. The average value ranges from $25,000 to $31,000, depending on trim and options. These low-mileage vehicles are often second-owner commuter vehicles or well-maintained personal trucks.
70,000–90,000 Miles
This is the sweet spot for many used vehicle buyers seeking a balance of value and reasonable mileage. At this range, the average value drops slightly to $21,500–$27,500, offering better fuel savings and tech features compared to older used trucks.
90,000–120,000 Miles
At this point, pricing starts becoming more variable based on service history and overall wear. These vehicles typically range from $18,000 to $25,000, but the better-managed ones hold up closer to the $24,000 mark.
Over 120,000 Miles
While still considered reliable due to Toyota’s build quality, the 2016 Tacoma with over 120,000 miles usually sells between $15,000 and $22,000, depending on drivetrain, trim, and location.
Condition and Maintenance Impact on Value
A vehicle’s overall condition and maintenance history significantly influence its final selling price.
Visual and Mechanical Condition
Well-maintained Tacomas typically feature:
- Minimized exterior scratches or rust (especially important for coastal or snowy climates)
- Odor-free interiors
- No mechanical clicking, grinding, or signs of wear on the suspension
Vehicles that show no signs of damage (as recorded in insurance history) can hold up to $2,500 more than comparable models showing accident history.
Service History
Properly maintained vehicles with documented oil changes, recalls addressed, and timely repairs fetch a premium. Cars with consistent service records can command up to $1,500 more than those without.
Documentation to Always Check
- Service records from previous owners or dealerships
- Recall completion reports
- Modification logs—especially off-road upgrades
The Effect of Location on Pricing
Vehicle prices can vary drastically depending on where you live. For example:
| Region | Average Value Range (2016 Tacoma) | Factors Influencing Pricing |
|---|---|---|
| Western U.S. (CA, WA, OR, CO) | $23,000–$31,000 | High demand for 4×4 models, rugged terrain, outdoor recreation interest |
| Southern U.S. (FL, TX, GA) | $19,500–$26,000 | Lower demand for off-road models, more interest in fuel-efficient models |
| Midwest (IL, OH, MN) | $21,000–$27,500 | Moderate demand, but buyers prefer RWD for fuel economy |
| Northeast (NY, PA, MA) | $22,000–$28,000 | Desirability for winter driving and snow removal, boosting 4WD interest |
In mountainous or coastal climates where the Tacoma was regularly used for off-road or in salty air environments, rust can become a major pricing detractor.
Why the 2016 Toyota Tacoma Retains Value
One of the most notable traits of the Toyota Tacoma brand is its long-term retained value, and the 2016 model year is a prime example.
High Resale Value
According to data from Kelley Blue Book (KBB) and iSeeCars, the Toyota Tacoma holds onto over 70% of its original value after five years, significantly outperforming competitors like the Honda Ridgeline and even the Ford Ranger.
Demand in the Off-Road Community
With adventure-focused buyers increasingly gravitating toward the 2016 Tacoma, especially the TRD Sport and TRD Off-Road trims, demand has only grown in recent years. The platform is highly tunable, making it a favorite in the aftermarket customizations scene.
Reputation for Reliability
Toyota’s engines and transmissions are known for lasting 300,000 miles with proper care. That legacy helps the Tacoma remain a practical vehicle long after others depreciate.
Tips for Buyers: How to Get the Best Deal
If you’re in the market to buy a used 2016 Tacoma, here are a few tips:
- Inspect VIN Reports: Always run a Carfax or AutoCheck report before proceeding with the purchase.
- Look at Multiple Listings: The average buyer should look at 3–5 vehicles before selecting the best option.
- Test Every Feature: From the A/C to the infotainment system to the 4WD mode, do a thorough on-site inspection.
- Review Service History: Ensure there are clear records for oil changes, brakes, and recalls completed.
Conclusion
A used 2016 Toyota Tacoma is more than just a midsize pickup truck—it’s a smart investment with strong resale value, impressive reliability, and a proven track record. Whether you’re after a commuter vehicle with low mileage, a weekend adventurer with rugged off-road modifications, or a clean example to hold for years, 2016 remains one of the most in-demand model years for Tacoma fans.
In 2024, you can expect used prices to range from $18,000 for entry-level SR models up to $33,000+ for well-kept TRD Pro trims, depending on a combination of mileage, trim, condition, and location. Always research carefully and consider a professional inspection before committing to your purchase to ensure you’re getting both a fair price and a quality vehicle.
Get Started Today and Unlock Your Truck’s Value
Whether you’re shopping for the perfect off-road adventure or building your next workhorse, the 2016 Toyota Tacoma offers an unbeatable combination of durability, versatility, and style. Don’t wait—start your search across trusted platforms like Autotrader, KBB, and Cars.com to find the best deal in your area, or list yours today to cash in on this ever-popular pickup truck.
What factors affect the value of a used 2016 Toyota Tacoma?
The value of a used 2016 Toyota Tacoma is influenced by several key factors, including mileage, condition, trim level, and geographic location. Lower mileage vehicles typically hold more value as they are perceived to have more life left in them. The trim level also plays a significant role—higher-end trims such as the TRD Off-Road or TRD Pro often retain more value due to added features and enhanced capabilities. Additionally, whether the truck is a regular cab, double cab, or access cab can impact pricing.
Exterior and interior condition, service history, and the presence of aftermarket modifications also affect valuation. A well-maintained Tacoma with a clean Carfax report, no accident history, and recent service records will command a higher price. Location matters too: trucks in regions where all-wheel drive is in high demand or where pickup trucks are preferred for daily use may see increased value. Finally, current market demand and economic factors like interest rates and used vehicle supply can influence how much buyers are willing to pay.
How much can I expect to pay for a used 2016 Toyota Tacoma?
On average, a used 2016 Toyota Tacoma typically ranges between $17,000 and $25,000, depending on condition, trim, and other factors mentioned earlier. Vehicles with low mileage and in excellent condition, especially those with popular trims like the TRD Sport or Off-Road, may reach the higher end of that range or even slightly above. Conversely, trucks with high mileage, signs of wear and tear, or basic trims such as the SR5 may be priced closer to the lower end of the spectrum.
Regional differences can also sway the price. For example, a Tacoma listed in the western United States, where off-roading is popular, may be priced differently than a similar vehicle in the Northeast. Online valuation tools such as Kelley Blue Book (KBB), Edmunds, and third-party car listing platforms can be used to compare local listings and gauge a fair market price. For a reliable estimate tailored to a specific vehicle, getting a personalized report based on VIN and vehicle details is recommended.
What is the reliability of the 2016 Toyota Tacoma?
The 2016 Toyota Tacoma is widely regarded as a highly reliable midsize pickup truck. Known for its proven durability and strong resale value, the Tacoma has a long-standing reputation among consumers and automotive experts for longevity, with many vehicles surpassing 200,000 miles with proper maintenance. Mechanical issues are typically minimal, and parts are widely available due to Toyota’s common platform design. The vehicle’s reliability is one of the main reasons it remains a top seller in the used truck market.
Owners commonly praise the Tacoma for its dependable engine options, particularly the 3.5L V6, which replaced the previous V6 and offered improved power and fuel economy. The truck’s rugged build quality and off-road capability also add to its overall appeal. However, like any vehicle, regular maintenance such as oil changes, suspension checks, and brake service is essential to preserve reliability. Potential buyers should always check service records, consider pre-purchase inspections, and review any recall history to ensure a trouble-free ownership experience.
Is it a good idea to buy a used 2016 Toyota Tacoma in 2025?
Purchasing a used 2016 Toyota Tacoma in 2025 can be a smart move for buyers seeking a durable, capable midsize pickup truck without the high cost of newer models. At this point in its lifecycle, the 2016 Tacoma has depreciated significantly from its original MSRP, offering better value for budget-conscious consumers. It still retains many modern features, such as available touchscreen infotainment systems, Bluetooth connectivity, and improved fuel economy compared to larger trucks.
However, buyers should consider the age and potential wear associated with vehicles that are nearly a decade old. Checking for rust, especially in regions where road salt is used, and confirming that the truck has not been involved in major accidents are critical steps. A well-maintained 2016 Tacoma can offer several more years of dependable use, making it a worthwhile investment for light work, off-road use, or as a daily driver. For those who prioritize reliability and functionality over the latest tech, the 2016 model can be an excellent option.
How does the 2016 Toyota Tacoma compare to newer models?
The 2016 Toyota Tacoma is notably less equipped compared to newer models in terms of technology and comfort features. For instance, modern conveniences such as Apple CarPlay, Android Auto, and Toyota’s Safety Sense suite of driver-assist technologies were not standard or available in the 2016 model. Gas mileage and engine performance have also improved slightly with updated engines in more recent model years. The ride quality and interior materials were generally considered average for the time, but many reviewers note that newer Tacomas have made strides in refinement.
Despite these differences, the overall capability and durability of the 2016 Tacoma remain competitive. It still offers solid off-road performance through available TRD packages, strong towing specs, and a reputation for resilience in tough conditions. In contrast, newer models may offer enhanced fuel economy and more features but at a significantly higher price point. Buyers must weigh the benefits of modern upgrades against cost and the proven track record of the 2016 model when making a decision.
What should I look for when inspecting a used 2016 Toyota Tacoma?
When inspecting a used 2016 Toyota Tacoma, begin with a thorough review of its vehicle history report. This should reveal whether the truck has been in any accidents, undergone previous repairs, and its service record. A clean Carfax or AutoCheck report increases the likelihood of a reliable purchase. Look closely for any signs of frame damage or rust, especially in the wheel wells and undercarriage, which might indicate neglect or excessive off-road exposure.
Mechanically, ensure the vehicle runs smoothly without unusual noises or vibrations. Check for fluid leaks, tire wear (which can indicate suspension or alignment issues), and inspect the condition of the transmission operation during a test drive. Verify that all electrical components, including lights, air conditioning, the audio system, and windows, are functional. It’s highly recommended to take the truck to a certified mechanic or technician for a comprehensive inspection and to obtain a vehicle-specific maintenance report.
Why does the 2016 Toyota Tacoma hold its value so well?
The 2016 Toyota Tacoma holds its value exceptionally well due to its reputation for reliability, strong demand in the used vehicle market, and Toyota’s established brand legacy. With a proven track record for durability and a loyal fan base, the Tacoma is often viewed as a long-term investment. This high consumer confidence ensures steady resale values even for models that are several years old. Tacoma trucks are also versatile, appealing to a wide audience from daily commuters to weekend off-roaders.
Additionally, a limited supply of used Tacomas in relation to demand contributes to their sustained value. The truck is popular among individuals needing a reliable work or adventure vehicle without the cost of a newer model. Toyota’s conservative design changes between model years also means the 2016 Tacoma doesn’t feel dramatically outdated compared to slightly newer models. All these factors contribute to the vehicle’s ability to maintain a significant portion of its original value over time.