How Much Does a 2022 Toyota 4Runner Depreciate Per Year?
Your 2022 Toyota 4Runner loses about $3,229 in value per year on average. Over the first three years of ownership, the vehicle depreciated a total of $9,688, dropping from approximately $39,388 to $29,700 in resale value.
Year-by-Year Breakdown
| Year | Annual Depreciation | Resale Value | Trade-In Value |
|---|---|---|---|
| 2023 | $4,636 | $39,388 | $36,202 |
| 2024 | $6,286 | $33,102 | $30,081 |
| 2025 | $2,645 (appreciation) | $35,747 | $33,104 |
Notice that depreciation slowed significantly in 2025, and the vehicle even gained $2,645 in value that year. This is common as vehicles age and the used market stabilizes.
What This Means for You
Your 4Runner retained 76% of its original value after three years, which is excellent. Most SUVs depreciate much faster. The 4Runner ranks in the top 10% for value retention among all 2022 SUVs.
Depreciation varies based on mileage and condition. Vehicles with fewer miles and well-maintained service records hold value better. If you've kept your 4Runner in good condition with around 40,500 miles (at 13,500 miles per year), you can expect values closer to the higher end of the range.
Trade-In vs. Private Sale
Depreciation looks different depending on how you sell. Your trade-in value is currently about $25,100, while private party resale value sits around $29,700. That $4,600 difference represents dealer markup and profit. Selling privately will recover more of your vehicle's value.
Looking Ahead
Depreciation typically slows after year three. Future annual depreciation will likely fall in the $2,000 to $3,000 range per year rather than the steeper $4,000 to $6,000 drops you saw in years one and two. The longer you own your 4Runner, the slower the value decline becomes, which means keeping it longer often makes financial sense.