2022 Toyota RAV4: Total Ownership Cost for Indiana Buyers

The Toyota RAV4 has dominated compact SUV sales in Indiana and nationally for years, and the 2022 model year represents one of the stronger versions of this generation. For Indiana buyers considering a used RAV4, the combination of reliability, running costs, and resale value holds up well against the competition.

Purchase Price Range

Used 2022 RAV4s in Indiana are currently selling in the $28,000 to $34,000 range depending on trim level, mileage, and condition. XLE trims with 25,000 to 40,000 miles are the most common configuration in this price range. The XLE Prime plug-in hybrid commands a $4,000 to $6,000 premium over comparable non-hybrid trims.

Fuel Cost

At current Indiana gas prices and 12,000 annual miles, a standard 2022 RAV4 costs approximately $1,500 to $1,700 per year in fuel based on real-world combined economy of around 27 mpg. The RAV4 Hybrid reduces this to approximately $1,100 to $1,300 per year. Over a five-year ownership period, the hybrid's fuel savings of $1,000 to $1,500 partially offset its higher purchase price.

Insurance Cost

The RAV4 sits in a moderate insurance tier. Full coverage for Indiana drivers with clean records typically runs $1,200 to $1,600 annually. Urban Indiana ZIP codes will be toward the higher end of this range. The RAV4's strong safety ratings and widespread parts availability keep insurance costs below many competing SUVs of similar size and price.

Maintenance

Toyota's maintenance costs are among the lowest in the industry for this segment. Oil changes, tire rotations, and scheduled services for the first 60,000 miles typically cost $800 to $1,200 total. The RAV4 does not require premium fuel, and its drivetrain is known for going well beyond 150,000 miles with proper maintenance.

Depreciation and Resale

RAV4s retain value extremely well compared to the segment average. A 2022 RAV4 purchased today is projected to retain approximately 55 to 60 percent of its value after three years of typical ownership. This strong resale trajectory makes it one of the safer choices from a total ownership cost perspective.