2024 Toyota Highlander: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Toyota Highlander costs $47,350 to own over 5 years, or $789/month. The biggest expenses are depreciation ($16,908) and insurance ($11,340).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$47,350
$789/month • $1/mile
Cost Breakdown
Depreciation$16,908 (36%)
Insurance$11,340 (24%)
Fuel/Energy$9,625 (20%)
Maintenance$2,445 (5%)
Financing$6,672 (14%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $6,291 | $2,268 | $1,925 | $489 | $10,973 |
| Year 2 | $2,654 | $2,268 | $1,925 | $489 | $7,336 |
| Year 3 | $2,654 | $2,268 | $1,925 | $489 | $7,336 |
| Year 4 | $2,654 | $2,268 | $1,925 | $489 | $7,336 |
| Year 5 | $2,654 | $2,268 | $1,925 | $489 | $7,336 |
Key Facts
1-Year Depreciation
16% ($6,291)
5-Year Depreciation
43% ($16,908)
Annual Repair Cost
$624
Annual Maintenance
$489
These are estimates based on state averages. Your exact rate depends on your specific profile.
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