2022 Toyota Tacoma: Total Ownership Cost for Indiana Buyers

The Toyota Tacoma is the dominant midsize pickup in Indiana and nationally, and it has held this position through a combination of Toyota's reliability reputation and the Tacoma's specific capability mix that resonates with both work truck users and off-road enthusiasts. The 2022 model represents the mature version of a generation that launched in 2016, with refinements but no fundamental changes to the platform.

Purchase Price Range

Used 2022 Tacomas in Indiana are priced in the $34,000 to $48,000 range depending on cab configuration, bed length, and trim. SR5 and TRD Sport crew cab configurations are the most common. The TRD Pro commands significant premiums in the used market. The Tacoma frequently sells for more in the used market than its original transaction price due to extraordinary demand.

Fuel Cost

The Tacoma's 3.5-liter V6 averages 18 to 20 mpg in real-world Indiana combined driving, one of the lower fuel economy figures in this review. Annual fuel cost at 12,000 miles is approximately $2,100 to $2,400. The Tacoma's fuel economy is a legitimate weakness compared to competitors like the Ford Maverick Hybrid.

Insurance Cost

The Tacoma's insurance costs are moderate for a truck, running $1,200 to $1,700 per year for full coverage in Indiana. Its lower purchase price relative to full-size trucks produces lower insurance costs than the F-150 or Silverado.

Reliability and Maintenance

The Tacoma earns outstanding reliability ratings despite its older platform design. Routine maintenance through 60,000 miles typically costs $900 to $1,300. Frame rust has been documented on northern-state Tacomas from the previous generation; the current generation uses improved frame coating. Verify frame condition on any high-mileage used Tacoma in Indiana.

Exceptional Resale Value

The Tacoma retains 67 to 75 percent of its value after three years, the strongest of any vehicle in this review and among the strongest of any vehicle sold in America. This exceptional resale trajectory changes the total ownership cost calculation significantly. The higher fuel costs and purchase premium versus competitors are largely offset by the Tacoma's ability to recover most of its original value when it is time to sell or trade.