Tundra could be the smartest buy in its class.
The outgoing Toyota Tundra had been surpassed by newer rivals from Ford and Ram as it soldiered on with a dated cabin, poor handling, and disappointing gas mileage. However, one area in which the Tundra remained one of the best was its ability to retain a high percentage of its value. Together with its bulletproof reliability, that made it a smart financial decision. Now that the all-new Tundra is here, should we expect the same? The answer is yes - at least, that's according to the results of the J.D. Power 2022 US ALG Residual Value Awards as well as an analysis by CarsDirect.
In the critical full-size pickup segment, the 2022 Toyota Tundra has been projected to have the best resale value by J.D. Power, outperforming rivals like the Ford F-150, Ram 1500, and Chevrolet Silverado 1500. It's not only in the full-size segment that Toyota dominates, though. In the mid-size category, the 2022 Toyota Tacoma also bagged a win. According to CarsDirect, it's a similar story when it comes to the Tundra's residual values. The base Tundra SR CrewMax has the best residual value of 85% based on a 24-month lease and 12,000 miles per year, dropping to 79% with a 36-month lease. By comparison, the best that the Ford F-150 can do is 73% with a 24-month lease, but that only applies to the expensive PowerBoost hybrids.
These numbers indicate that the 2022 Tundra makes for a sensible lease deal in its segment, and it really deserves a place on your shortlist even if you're a diehard fan of American trucks. That said, there are currently no special lease rates or lease cash deals for the Tundra that customers can benefit from. The biggest problem facing the new Tundra right now is an extremely long waiting list that could stretch to 18 months due to supplier issues. But for those who manage to get hold of the Tundra before then, they'll be behind the wheel of an impressive truck that's also a smarter long-term buy than all its rivals.