Used 2016 Toyota Tacoma for Sale nearToronto, ON

How much does the 2016 Toyota Tacoma cost?

Prices have softened 4.80% compared to this time last year, making it a favourable time to shop this model year.

There are 82 listings available, which gives you a modest amount of inventory to compare.

Is the 2016 Toyota Tacoma a good car?

Generally — the 4.33/5 user rating points to strong owner satisfaction for this model year. Owners consistently praise its reliability, resale value, and long-lasting performance, while also noting its usefulness as a mid-size truck with a practical, versatile setup. That fits well if you want a proven pickup for daily driving, work duties, or weekend use, especially since the Tacoma’s appeal is tied to toughness and broad capability. With 20.7% 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.

The owner feedback points to reliability, dependable performance, and long-lasting ownership as core strengths. That kind of reputation matters if you want a used truck you can count on over time, especially when you’re planning to keep it for the long haul. For used buyers, the main risk is less about the Tacoma’s basic durability and more about finding one that has been maintained properly.

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

This looks like a moderate, selective buyer’s market, so you can shop carefully without expecting deep discounts across the board.

• Deal availability: 20.7% of listings are priced as good or great deals.
• Inventory: There are 82 listings available.
• Price trend: Prices have softened 4.80% compared with last year.

If you find a listing below $29,224 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 $29,297 CAD sits slightly below last year's $30,776 CAD.

That softer pricing can help you buy more confidently now, but it also suggests future sellers may not see the same immediate upside they would in a stronger market. Even so, the Tacoma’s reputation for reliability and long-lasting performance should help support demand when you eventually sell. If you buy well and keep the truck in good condition, you’re still starting from a position of relative strength.

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:

• 20.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 4.80% compared with last year.
• Owners rate it 4.33/5 — a solid satisfaction signal.

The bottom line: If you want the newer-generation Tacoma with updated equipment and a strong owner-reported reputation, the 2016 is the better starting point. If your priority is stretching your budget further, a different year may be worth considering, but the 2016 remains the cleaner choice when you want a proven truck with solid market support.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.