How much does the 2016 Toyota Tundra cost?

Prices have softened 3.52% compared to this time last year, making it a favorable time to shop this model year.

There are 1,236 listings available, which suggests you should have a workable amount of inventory to compare.

If you find a listing below $24,778.93, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Toyota Tundra a good car?

Generally — the 2016 Toyota Tundra earns 4.29/5 from owners and 6.5/10 from expert testing. The standout strength is Form and function at 8/10.

Owners repeatedly point to its power, reliability, and interior comfort, and they also mention resale value as a plus. In practical terms, that lines up with a truck that feels capable and well built for everyday use.

The overview frames it as a truck for you if you value traditional truck character, capability, and a strong presence on the road. At the same time, it is less compelling if you want the newest powertrain or the best efficiency.

Only 25.6% of listings are priced as good or great deals, so the market rewards careful shopping rather than assuming every listing is a bargain.

Is the 2016 Toyota Tundra reliable?

Owners rate it 4.29/5, a solid signal of long-term satisfaction.

The owner summary emphasizes reliability, impressive power, and a smooth ride, which are all encouraging signs for used buyers who want a truck they can count on. The expert notes also describe the Tundra as capable and stout, reinforcing the sense that it is built for long-term use.

Toyota’s cost-effectiveness notes add that the truck has a Best Resale Value Award and a 3-piece bumper design that can be cheaper to replace after damage. That helps offset some ownership concerns, but the owner feedback also flags repair costs and oil leaks as potential pain points.

For used buyers, the main long-term risk is that a strong reputation can hide expensive maintenance or repair surprises if the truck was neglected.

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

At 56.4% 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 pre-purchase inspection, especially if the truck has been used for towing or heavy work. Pay close attention to body condition, underbody wear, and signs of deferred maintenance, since those issues can matter more than cosmetic presentation on a full-size truck.

Key things to evaluate:

• Trim level: The Tundra’s cabin and equipment vary by trim, with the Platinum example showing a spacious CrewMax layout, a 5.5-foot bed, and a more upscale feel. Lower trims are more basic, so you should compare comfort and convenience equipment carefully if you want a better-equipped truck.
• Powertrain: The truck uses a 381-hp 5.7-liter V8 with 401 lb-ft of torque and a 6-speed automatic, and it can tow up to 10,500 pounds. The tradeoff is fuel economy, which is notably weak for the class.
• Safety package: Standard safety equipment includes traction control, stability control, trailer brake and sway control, and eight airbags. Available features include a rear camera, front and rear parking sonar, and a blind-spot monitor with cross-traffic alert.
• Infotainment: The upgraded Entune system uses a 7-inch screen and adds real-time traffic and weather. Standard equipment includes USB ports and an auxiliary jack, while SR5 and Limited trims add more convenience and audio features.
• Fuel efficiency: The Tundra returns 13 mpg city, 17 mpg highway, and 15 mpg combined.

Which 2016 Toyota Tundra trim should I buy?

The 2016 Toyota Tundra is offered in 3 trim levels: SR5, Limited, Platinum.

Here's the short version:

• SR5: This is the trim to start with if you want the essentials plus useful upgrades like fog lights, HD and satellite radio, a tilt-and-telescoping steering wheel, and an auto-dimming rear-view mirror. It gives you a solid equipment jump without pushing you into the pricier upper trims.
• Limited: This trim adds automatic headlights, dual-zone climate control, a power-sliding rear window, and navigation. It is the best-value choice if you want a more comfortable and better-equipped truck for daily use.
• Platinum: This is the most upscale version in the data, with the CrewMax layout, a spacious back seat, and the more premium presentation described in the review. It suits you if you want the most comfort and convenience, but it is not the value pick.

Safety equipment includes standard traction and stability control, plus available rear camera, parking sonar, and blind-spot monitoring with cross-traffic alert.

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

This is a moderate, selective buyer’s market, so you should shop carefully and compare condition, mileage, and equipment before committing.

• Deal availability: 25.6% of listings are priced as good or great deals.
• Inventory: There are 1,236 listings available.
• Price trend: Prices have softened 3.52% compared with last year.
• Clean inventory: 56.4% of listings are accident-free.

If you find a listing below $24,778.93, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Toyota Tundra's resale value?

The current average of $25,064 sits slightly below last year's $25,977.

That softer pricing can help you buy at a more favorable entry point, but it also suggests the truck has already absorbed some of its near-term depreciation. If you plan to resell later, condition and maintenance history will matter a lot because buyers in this segment tend to reward clean, well-kept trucks.

The Tundra’s strong reputation for resale value helps support demand, especially among shoppers who want a full-size truck with a durable image. That said, fuel economy and age-related refinement gaps can still weigh on future pricing if the truck is not well maintained.

Vehicles with solid owner satisfaction ratings, like this model year's 4.29/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Toyota Tundra safe?

The National Highway Traffic Safety Administration has awarded the Tundra an overall four-star rating, but the CrewMax specifically rated only three stars in frontal impacts and rollovers. The Insurance Institute for Highway Safety awarded its highest rating of Good in all tested segments, although several were left out of testing at this point.

It earns a 6/10 safety score from our experts.

Standard safety features include traction control, stability control, trailer brake and sway control, and eight airbags. Available equipment includes a rear camera, front and rear parking sonar, and a blind-spot monitor with cross-traffic alert.

The main caveat is that the CrewMax’s lower NHTSA results are worth keeping in mind if you are comparing body styles or prioritizing crash performance.

Should I buy a 2016 Toyota Tundra 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:

• 25.6% of listings are priced as good or great deals.
• At 56.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 3.52% compared with last year.
• Owners rate it 4.29/5 — a solid satisfaction signal.
• The 2016 adds an upgraded Entune system, a larger gas tank, and an integrated brake controller on upper trims.

Consider the 2015 if:

• At $24,240, the 2015 costs less than the current year's $25,064 average.
• It stands out for TRD Pro character and special suspension tuning.

The bottom line: You should lean toward the 2016 if you want the better-equipped version with updated tech and strong owner satisfaction. If your priority is spending less up front, the 2015 is the more budget-friendly path, especially if you find one in strong condition.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.