Why Are Toyota Camrys So Expensive? (Explained)
Toyota Camry is one of the universal Toyota brands. It has dominated the midsize sedan car family for a long time now.
However, It is a well-known fact that Toyota Camry cars are expensive. In this article, I’m going to show the reasons why this is so.
The Toyota Camry is expensive because it has a four-cylinder, high fuel economy engine that distinguishes it from the other midsize sedan cars. It also has a lot of cargo and cabin space, capable of seating five people comfortably. Furthermore, it possesses good, comfy seats, with top-notch steering and visibility, making driving easy. The Toyota safety sense is also standard. All these top-quality features combine to make the price high.
Is Toyota Camry Expensive?
As said earlier, a combination of excellent features makes the price of a brand new Toyota Camry expensive.
Furthermore, when you compare its price with that of other midsize sedan cars, the price is more friendly.
However, Toyota Camry parts are not expensive compared to the other top brands in the same class. That makes the Toyota Camry one of the most inexpensive cars to maintain. Besides, people say that Toyota Velfire is also expensive.
Does Toyota Camry Hold Its Value?
Before buying a car, one crucial factor you need to consider is the resale value. That is the value you can get out of the car after using the vehicle for some time. That being said, the Toyota Camry holds its value.
It retains about 60 percent of its value by three years. That value depreciates by 49 percent after five years.
At this period, the five-year resale value is $14,291.12. This figure is very impressive compared to the other direct competitors.
In some situations, Toyota Camry cars have been able to last for more than 300,000 miles which allows them to last for more than 20 years.
Factors that determine how long a car retains its value include:
- The number of miles on the odometer
- Quality of the interior
- Exterior condition
- Modifications
- Color.
How Much Is A 2022 Toyota Camry?
The price for a 2022 Toyota Camry depends on the model and the trim. However, the base price begins at $26,320 for a front-wheel-drive Toyota Camry LE.
The most expensive trim in the 2022 Toyota Camry series is the XSE, which is V-powered, and the price begins from $35,720.
The various models and their corresponding prices are listed below:
- LE – $25,395
- SE – $26,935
- SE Nightshade – $27,635
- XLE – $30,145
- XSE – $30695
- TRD V6 – $32,460
- XLE V6 – $35,270
- XSE V6 – $35,820
Additionally, Toyota Camry 2022 also features the Hybrid series. The 2022 Toyota Camry Hybrid LE base price starts at $27,380 and reaches $32,820 with the Hybrid XSE model.
Below are the different prices for the different Hybrid models:
- Hybrid LE CVT (Natl) – $27,480
- Hybrid SE CVT (Natl) – $29,015
- Hybrid Nightshade CVT (Natl) – $29,715
- Hybrid XLE CVT (Natl) – $32,370
- Hybrid XSE CVT (Natl) – $32,920
Even though the prices are high, you get what you pay. The 2022 Toyota Camry is reliable and of superior quality.
However, the prices are no way near the costs of the other competitors. Therefore, the 2022 Toyota Camry is still a good buy.
Is The Toyota Camry A Good Car?
Toyota Camry is a decent car with several positive reviews from customers and professional dealers. It combines value, quality, and reliability.
It has a base four-cylinder engine with good fuel economy. Additionally, you will enjoy the drive with the comfort the car provides.
Compared with some other midsize cars with better upscale interiors, Toyota Camry is roomy, having supportive seats with intuitive technology features.
Are Toyota Camrys Expensive To Fix?
On Average, Toyota Camry is not expensive to fix. Generally speaking, Toyota Camry maintenance and repair costs range from $95 to as high as $4658 per year.
However, on average, drivers can spend up to $303 per year. That figure is on the low side compared to the other competing brands.
Furthermore, the first two years of maintenance on new Toyota cars are free. Subsequently, however, the costs increase as the car’s mileage increases.
Despite that, Toyota vehicles are among the most affordable cars to fix.
Even though repairing Toyota cars can be cheaper than the other brands, you may still spend about $1,000 or $2,000 on repairs.
However, you can lessen the burden of the costs by paying for warranty plans after the first two years of free maintenance elapse.
However, the free maintenance Toyota Camry offers is through ToyotaCare. Your car is entitled to free repairs during the first two years after purchasing or after a mileage of 25,000 miles on new vehicles.
Also, the free repair is transferable to a secondary buyer, provided you have not exceeded the mileage or time limit.
Toyota cars also incorporate roadside assistance for two years on unlimited miles.
Whenever you visit your Toyota dealer during this period, you will access original and genuine Toyota parts. Certified technicians will also attend to your car repairs.
As I have already established, Toyota Camry maintenance for the first two years or 25,000 miles is free. After this mileage period, repair visits cost between $100 and $200.
For many services like 30,000 miles and 60,000 miles, the repair cost is between $300 to $600, depending on what needs repair.
On a general note, after surpassing the free maintenance period, you’ll need to subscribe for scheduled or unscheduled car maintenance.
Scheduled maintenance refers to any work you need to carry out on your Toyota Camry regularly. That includes oil changes, adjusting the fluid levels, and tire rotation.
On the other hand, unscheduled maintenance refers to changing parts or systems that wear down with time due to continuous usage.
These include brake pads, windshield wipers, and many more.
As a rough guide, below are some costs to guide you through the maintenance and repair service visit:
- Oil change – $40 to $120
- Alignment – $120 to $200
- Brake pads – $100 to $300
- New tires – $500 to $800
- Headlight replacement – $100 to $200
You must know that the costs can vary. It will depend on your vehicle model and where you go for the repair. Going to a Toyota dealer will cost you more than visiting a random repair shop.
Because the Toyota Camry is a reliable vehicle and is not difficult to fix. Any certified repair shop can replace any malfunctioning part.
In addition, always try to service your car every six months or after every 5,000 miles, whichever comes first. Service revolves around changing the oil, getting tire rotations, and inspecting the fluids.
The most typical services required on the Toyota Camry are the regular oil changes. It is the most frequent service of every car.
That being said, the following are the most common repairs done on the Toyota Camry:
- Car AC Compressor Replacement
- Brake Pad Replacement
- Transmission or Brake Mount Replacement
- Wheel Bearings Replacement
- Fuel Filter Replacement
- Fuel Injector Replacement
- Ignition Coil Replacement
- Ignition Switch Replacement
- Ball Joint Replacement (Front)
- Car Door Mirror Replacement
- Car Radiator Replacement
- Ignition Cable Replacement
- Spark Plug Replacement
- Car Starter Repair
- Car Thermostat Replacement
- Throttle Body Replacement
- Headlight Bulb Replacement
- Distributor Replacement
Conclusion
Even though the cost for the Toyota Camry car is high, the parts of the vehicle aren’t. That makes maintenance and repairs cheaper than the other brands. The Toyota Camry also retains its value very well.
That will help you get the best resale value possible after some time. Consequently, if you want to purchase a midsize sedan car, you should seriously consider buying the Toyota Camry car.
