Like the Tacoma, 4Runner and Land Cruiser before it, the current generation of the Toyota Sequoia is proving to hold its value just as well.

The current generation of the Toyota Sequoia is following in the footsteps of models like the 4Runner and Land Cruiser by having depreciation that almost doesn’t budge. The full-size SUV has held its value well on the used market. And in some cases, not only does it hold its value, it’s doing it so well that high mileage examples cost as much or more than new Sequoias. 

Utilizing car buying sites Cargurus, Cars.com and Autotrader, there’s currently just over 1000 or so used 2023-2025 Toyota Sequoias for sale across the country. Thanks to those strong resale values, you’d be hard pressed to find any under $50,000. You can thank the addition of new trim levels on the current generation of Sequoia for that. When the updated Sequoia debuted for the 2023 model year, Toyota added 3 luxo trims (Limited, Platinum and top-of-the-line Capstone) and an off-road TRD Pro trim in addition to the familiar base SR5. Now a couple  of years after its debut these things are on the used market with prices that haven’t seemed to budge at all. 

Take this base Sequoia SR5 for sale at a Toyota dealer in Clarksville, Tennessee. You’d think the base model of a 2 year old SUV from a mainstream automaker with nearly 42,000 miles on it would be cheap. Think again as the dealer is asking $67,432 for this 2023 Sequoia SR5 with 41,656 miles. Granted this example does have the premium package that gives it features like a power folding third-row, leatherette seats as well as a TRD Sport package, but it’s a few grand off a brand new Sequoia with the same options. Even with lots of miles you’ll pay nearly the same price. This Sequoia SR5 for sale in Minneapolis has almost 82,000 miles and it’s still listed for $59,499.

Want a little more luxury with the Limited trim? Be prepared to dig deeper in your pockets, even for examples with high miles. This 2023 Sequoia Limited for sale in Tuscaloosa, Alabama has 80,626 miles and the dealership is still asking $62,303.

If you’re in the market for the flagship Sequoia Capstone, you’ll pay dearly. Examples with under 20,000 miles can easily go for over $70,000 and in some cases close to $80,000. This 2024 Sequoia Capstone for sale in Mobile, Alabama has just 13,643 miles on it and the dealer is asking a like-new price of $78,980. Even Sequoia Capstones with extremely high miles go for big money. This 2023 Capstone has 100,206 miles and it’s still over $50,000.

Pricing for the off-road Sequoia TRD Pro is similar but in some cases worse. The combination of a lack of depreciation and the popular TRD Pro trim mean even high mile TRD Pros are over $60,000. This Sequoia TRD Pro in Kansas has nearly 71,000 miles and it’s still being listed for $62,000. Want one with way less miles? You might as well buy a new one. This 2024 Sequoia TRD Pro with 11,598 miles is being sold for $82,624, damn near the same price as a new one with no options.

So what does all of this tell us? Mainly that the Sequoia is a prime example of how the used car market still doesn’t make much sense and how some Toyota’s defy logic and hang onto their values with a clenched fist. It also tells us that you’re basically between a rock and a hard place if you thought you would save some money going for a used Sequoia. You’ll either pay new money for a used one or pull the trigger and buy a new one outright.