Used 2016 Toyota Tacoma for Sale nearToronto, ON

How much does the 2016 Toyota Tacoma cost?

Prices have softened 9.98% compared to this time last year, making it a favourable time to shop this model year.

There are 100 listings available, which gives you a reasonable amount of inventory to compare before you buy.

Is the 2016 Toyota Tacoma a good car?

Generally — the 4.3/5 user rating points to a truck that many owners feel delivers on the basics that matter most. Review feedback consistently highlights reliability, resale value, and long-lasting performance, which fits the Tacoma’s appeal if you want a mid-size truck with a strong reputation. The overview also frames it as a good fit if you want proven toughness and a more modern feel than older Tacomas without giving up the model’s core identity. With 30.0% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2016 Toyota Tacoma reliable?

Owners rate it 4.3/5, a solid signal of long-term satisfaction.

Review feedback repeatedly points to reliability, dependable ownership, and long-lasting performance, which are exactly the traits you want to see in a used truck. That same feedback also suggests many owners feel confident counting on it over time, even if some mention pricing, minor issues, and interior storage concerns. For used buyers, the main long-term ownership risk is paying a premium for a truck that may still need careful inspection for condition and maintenance history.

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

This looks like a moderate, selective buyer’s market, so it makes sense to compare listings carefully and move quickly on the right truck.

• Deal availability: 30.0% of listings are priced as good or great deals.
• Inventory: There are 100 listings available.
• Price trend: Prices have softened 9.98% compared with last year.

If you find a listing below $28,278 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 $28,278 CAD sits slightly below last year's $31,412 CAD.

That price movement suggests the market has eased a bit, which can help you buy more confidently now, but it also means future sellers may need to be realistic about pricing. Because the Tacoma still carries strong owner satisfaction and a reputation for durability, it should remain appealing to used-truck shoppers. Even so, the softer trend means resale gains may be more gradual than in a hotter market.

Vehicles with solid owner satisfaction ratings, like this model year's 4.3/5, 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:

• 30.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.98% compared with last year.
• Owners rate it 4.3/5 — a solid satisfaction signal.

The bottom line: If you want a Tacoma with strong owner approval, proven durability, and a market that has cooled enough to create some buying opportunities, the 2016 is a sensible target. If you’re especially price-sensitive, you may want to compare nearby years and focus on whichever one gives you the best combination of condition, mileage, and asking price.

How does the 2016 Toyota Tacoma compare to the 2016 Chevrolet Colorado?

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.