Used 2016 Toyota Tacoma for Sale nearPeterborough, ON

How much does the 2016 Toyota Tacoma cost?

Prices have softened 8.92% compared to this time last year, making it a favourable time to shop this model year.

There are 95 listings available, which gives you a modest amount of inventory to compare before you buy.

Is the 2016 Toyota Tacoma a good car?

Generally — the 4.33/5 user rating points to a truck that satisfies many owners. The recurring positives in owner feedback are reliability, resale value, and long-lasting performance, which line up well with the Tacoma’s appeal as a durable mid-size truck. The overview also frames it as a good fit if you want proven toughness, strong resale value, and a more modern feel than older Tacomas without giving up the model’s core identity. With 28.4% of listings marked as good or great deals, you still have some room to shop selectively.

Is the 2016 Toyota Tacoma reliable?

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

Owner feedback repeatedly points to reliability, long-lasting performance, and a truck you can count on over time. That kind of reputation matters if you want a used pickup that should hold up well with regular maintenance. For used buyers, the main long-term ownership risk is paying a premium for a truck that may still have minor issues or wear consistent with age and use.

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

This looks like a moderate market for selective buyers: there is enough inventory to compare options, but the best-priced listings may move quickly.

• Deal availability: 28.4% of listings are priced as good or great deals.
• Inventory: There are 95 listings available.
• Price trend: Prices have softened 8.92% compared with last year.

If you find a listing below $28,525 CAD, 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 $28,611 CAD sits slightly below last year's $31,415 CAD.

That price movement suggests the market has eased a bit, which can help you buy more confidently now if you plan to keep the truck for several years. For a future seller, the softer current average may mean less upside than in a stronger market, but the Tacoma’s reputation for durability and owner satisfaction still supports demand. Because shoppers continue to value this model for reliability and resale strength, it should remain easier to move than many other used mid-size trucks.

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.

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:

• 28.4% of listings are priced as good or great deals.
• Price trend: Prices have softened 8.92% compared with last year.
• Owners rate it 4.33/5 — a solid satisfaction signal.

The bottom line: If you want the updated feel of the 2016 model year and you value the Tacoma’s durability and resale reputation, this is a sensible year to target. If you are especially price-sensitive, you may want to compare nearby years and focus on whichever one gives you the best combination of condition, equipment, and asking price.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.