Used 2016 Toyota RAV4 for Sale nearPeterborough, ON

How much does the 2016 Toyota RAV4 cost?

Prices have softened 1.17% compared to this time last year, making it a favourable time to shop this model year.

There are 265 listings available, which gives you a reasonable amount of choice in the used market.

Is the 2016 Toyota RAV4 a good car?

Yes — the 2016 Toyota RAV4 earns a 4.6/5 user rating, which points to strong owner satisfaction. Owners consistently praise its reliability, fuel efficiency, and comfortable ride, and they also call out its safety features as a major strength. For you, that makes it a sensible compact SUV if you want practical space and everyday usefulness rather than something flashy. With 18.1% of listings marked as good or great deals, there is still some room to shop carefully.

Is the 2016 Toyota RAV4 reliable?

Owners rate it 4.6/5, a strong signal of long-term satisfaction.

The owner feedback also highlights reliability, and the model’s reputation is built around being dependable and low-hassle to live with. That matters if you want a used SUV you can count on for daily driving without a lot of drama. For used buyers, the main long-term ownership risk is finding a vehicle that has been maintained properly, since condition and service history matter more as the kilometres add up.

Is now a good time to buy a used 2016 Toyota RAV4?

This looks like a moderate, selective buyer’s market, so you can shop with some patience and still find worthwhile options.

• Deal availability: 18.1% of listings are priced as good or great deals.
• Inventory: There are 265 listings available.
• Price trend: Prices have softened 1.17% compared with last year.

If you find a listing below $17,421 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Toyota RAV4's resale value?

The current average of $18,028 CAD sits slightly below last year's $18,242 CAD.

That small decline suggests the market has softened a bit, which can help you as a buyer today but may slightly temper what you recover later as a seller. Even so, the drop is modest, so the RAV4 is still holding value reasonably well for a used compact SUV. If you buy at the right price and keep the vehicle in good condition, you should be in a decent position when it comes time to resell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.6/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Toyota RAV4 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:

• 18.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 1.17% compared with last year.
• Owners rate it 4.6/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $15,783 CAD, the 2015 costs less than the current year's $18,028 CAD average.
• It blends practical cargo space with good fuel economy.

The bottom line:
Choose the 2016 if you want the updated features and a still-reasonable market price. If your priority is saving money upfront, the 2015 is the better value play, especially if you can find one in strong condition with a solid service record.

How does the 2016 Toyota RAV4 compare to the 2016 Honda CR-V?

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.