How much does the 2016 Toyota Tacoma cost?

Prices have softened 2.48% compared to this time last year, making it a favorable time to shop this model year.

There are 2,209 listings available, which suggests you have a meaningful amount of inventory to compare.

If you find a listing below $23,396.97, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Toyota Tacoma a good car?

Generally — the 2016 Toyota Tacoma earns 4.33/5 from owners and 7.67/10 from our experts. The standout strength is Look and feel at 10/10.

Owners consistently praise its reliability, resale value, and long-lasting performance. The truck also gets credit for its versatility and strong overall usefulness, especially if you want a midsize pickup that can handle work, daily driving, and outdoor use.

That lines up with the Tacoma’s role as a configurable truck with broad appeal, from practical hauling to off-road use. For shoppers who want capability without moving up to a full-size pickup, it remains a compelling fit.

30.6% of listings are priced as good or great deals, so there is still some room to shop selectively.

Is the 2016 Toyota Tacoma reliable?

Owners rate it 4.33/5, a solid signal of long-term satisfaction.

The owner feedback points to reliability, long-lasting performance, and a truck that many drivers feel they can count on over time. The expert notes also emphasize the Tacoma’s capability, reliability, and predictability, which reinforces that reputation.

On the maintenance side, the expert review says the Tacoma should not present unusual problems or unexpected major repairs for its class, and it also notes that Toyota’s past efforts to address unforeseen issues should provide peace of mind. For used buyers, the main risk is less about a known weak point and more about how hard a specific truck has been used.

What should I look for when buying a used 2016 Toyota Tacoma?

At 61% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and then prioritize a close inspection of body condition, frame condition, and signs of hard use. Because this is a pickup with off-road and towing potential, it’s smart to focus on wear that could come from heavy-duty use rather than just mileage alone.

Key things to evaluate:

• Trim level: The lineup ranges from SR to Limited, and the base SR is the most stripped-down. It uses fabric-trimmed seats and standard Entune audio, while higher trims add features such as a 6.1-inch touchscreen, navigation, premium audio, and leather in the Limited.
• Powertrain: You get a carried-over 2.7-liter 4-cylinder or a new 3.5-liter V6. The V6 is more powerful and efficient, and it pairs with a 6-speed automatic or manual transmission options depending on engine choice.
• Safety package: The Tacoma includes Toyota Star Safety System™, with vehicle stability control, traction control, antilock brakes, electronic brakeforce distribution, brake assist, and Smart Stop brake-override technology. Available driver aids include blind-spot monitoring and rear cross-traffic alerts, while the safety writeup also notes a rear-view camera.
• Infotainment: Base setups are simpler, while higher trims add a 6.1-inch touchscreen, navigation, and deeper smartphone integration. The truck also offers Bluetooth, audio streaming, Siri Eyes Free, voice recognition, and available Qi wireless charging.
• Fuel efficiency: The 4-cylinder returns 19 mpg city/23 highway/21 combined with RWD, while the V6 is rated at 19/24 with RWD and 18/23 with 4WD. The expert drive also recorded 18 mpg city/23 highway in the tested V6 4WD trim.

Which 2016 Toyota Tacoma trim should I buy?

The 2016 Toyota Tacoma is offered in 5 trim levels: SR, SR5, TRD Sport, TRD Off-Road, and Limited.

Here's the short version:

• Base trim: The SR is the most basic choice, so you give up some of the nicer infotainment and comfort upgrades found higher up the range.
• Sweet-spot trim: The SR5 is the best value for many shoppers because it adds a 6.1-inch touchscreen, Scout GPS Link, and more useful everyday tech without jumping to the pricier trims.
• Premium/top trim: The Limited is the most upscale choice, with premium leather and the Entune Premium JBL Audio system standard.
• Off-road trim: The TRD Off-Road is the one to choose if you want the most trail-focused setup, with skidplates, Bilstein dampers, Crawl Control, and Multi-terrain Select.

The safety package centers on Toyota Star Safety System™, and available driver aids include blind-spot monitoring and rear cross-traffic alerts.

Is now a good time to buy a used 2016 Toyota Tacoma?

This is a moderate, selective buyer’s market, so you can shop carefully without expecting deep discounts everywhere.

• Deal availability: 30.6% of listings are priced as good or great deals.
• Inventory: There are 2,209 listings available.
• Price trend: Prices have softened 2.48% compared with last year.
• Clean inventory: 61.0% of listings are accident-free.

If you find a listing below $23,396.97, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Toyota Tacoma's resale value?

The current average of $24,265 sits slightly below last year's $24,881.

That modest decline suggests the market has eased a bit, which can help you buy at a better entry point today. For a future seller, the Tacoma’s pricing pattern still points to strong demand rather than a sharp drop-off.

Its reputation for reliability and long-term ownership appeal should continue to support buyer interest. If you keep the truck in good condition and maintain it well, you should be in a stronger position when it’s time to resell.

Vehicles with solid owner satisfaction ratings, like this model year's 4.33/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Toyota Tacoma safe?

It earns an 8/10 safety score from our experts.

The Tacoma’s safety equipment includes Toyota Star Safety System™, which bundles vehicle stability control, traction control, antilock braking, electronic brakeforce distribution, brake assist, and Smart Stop brake-override technology. It also includes driver and passenger knee airbags, roll-sensing side curtain airbags, and active headrests for the front seats.

Available driver aids include blind-spot monitoring, rear cross-traffic alerts, and a rear-view camera. The expert safety writeup also notes that the truck’s precise handling and midsize dimensions make it easier to control in emergencies.

Should I buy a 2016 Toyota Tacoma or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 30.6% of listings are priced as good or great deals.
• At 61% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 2.48% compared with last year.
• Owners rate it 4.33/5 — a solid satisfaction signal.
• The 2016 brings a redesigned Tacoma with a new 3.5-liter V6, more tech, and stronger overall refinement.

Consider the 2015 if:

• At $20,887, the 2015 costs less than the current year's $24,265 average.
• It is a final-year truck with a strong off-road focus and a simpler, more rugged personality.

The bottom line: If you want the newer redesign, stronger tech, and broader trim range, the 2016 is the better all-around pick. If your priority is spending less and you’re comfortable with an older, more specialized truck, the 2015 is the value-oriented alternative.

These recommendations are based on CarGurus' proprietary market data from August 7, 2026, CarGurus experts' opinions, and generative AI.