2019 Tacoma vs. 2020 Chevy Colorado



Long Lasting.

 

5 Year Cost.

 

Great Resale Value.

 

Standard Safety.

 

Trucks are the number one selling vehicles in the United States, but midsize trucks have historically been underdogs. The full size trucks have typically held the spots at the top of the best selling vehicles charts. But sometimes you don’t want a full size truck. If a midsize is what you’re looking for, then there’s good news. Midsize trucks are on the rise, and examples such as the 2019 Toyota Tacoma and the 2020 Chevrolet Colorado prove this to be true. While both of these vehicles are impressive, which one is right for you? We would argue that the Tacoma is the better midsize, and here’s why.

Right off the bat, the 2019 Toyota Tacoma is well-known for its longevity. Granted, trucks in general are known to last a long time, but the Tacoma goes a step above. In a 2019 study by iSeeCars, the Tacoma was found to have 2.6% of its vehicles over 200,000 miles. This placed the Tacoma tenth among all vehicles. What’s more, the average percent of a model’s vehicles over 200k miles was 0.8%. This means the Tacoma had over three times greater percent of its vehicles over 200k miles than the average.

The Chevy Colorado, on the other hand, only had 1.1% of its vehicles over 200k miles. While this is still higher than the average for all vehicles, it is in fact lower than the average for trucks. The study found that the average truck model had 1.8% of its vehicles over 200k miles. Not only does this place the Colorado below the average, but it also means that Tacomas are over twice as likely to reach 200k miles compared to Colorados.

Longevity only matters if you can afford it. That’s why the 2019 Tacoma not only will last you a long time, but it will save you money as well. MotorTrend and IntelliChoice rate vehicles based on their five year cost-to-own. Unsurprisingly, the Tacoma is rated as Excellent. With a base starting MSRP of $25,580, the 2019 Tacoma ends up with a five year cost of $32,390.

Since the 2020 Cherolet Colorado does not have its estimates yet, we will use the 2019 model to compare since there are few changes. For the 2019 model, the base MSRP was $20,600, a significant margin cheaper than the Tacoma. But after five years, the cost of ownership rises to $32,857, even more than the Tacoma despite the starting cost difference. This happens because the Colorado has a Below Average rating.

The difference grows greater as you approach the top of the line trims. The 2019 Tacoma TRD Pro with an Automatic transmission costs an MSRP of $45,665. The 2019 Chevy Colorado ZR2 Crew Cab costs an MSRP of $42,900. After five years, the Tacoma TRD Pro Automatic has an Excellent rating and costs $43,993. The Colorado ZR2 Crew Cab, on the other hand, maintains its Below Average rating with a five year cost of $48,490, nearly five grand more than the Tacoma TRD Pro Automatic.

Part of why the 2019 Tacoma has such a low five year cost of ownership is because it maintains its value extremely well. In a Kelley Blue Book ranking, the 2019 Tacoma came out on top of every single other vehicle when it came to retained value. After three years, the Tacoma maintains 69.4% of its value. After five years, it retains 62.2% of its value.

Once again, the 2020 Colorado has not yet been rated, so we will use the 2019 model’s numbers since they should be similar. While the Tacoma was number one among all vehicles, the 2019 Colorado was eighth. After three years, it maintains 59.0% of its value, and it retains 50.9% after five years. While eighth is impressive, it does not even earn the Colorado second among midsize pickups. That honor goes to the 2019 Honda Ridgeline instead.

Another reason why the Tacoma lasts seemingly forever is that it has an incredible suite of safety technology. The NHTSA (National Highway Traffic Safety Administration) recommends that all vehicles have four safety technologies. These are Forward Collision Warning, Lane Departure Warning, Crash Imminent Braking, and Dynamic Brake Support. All four of these come standard on the 2019 Toyota Tacoma. For the 2020 Chevy Colorado, only Forward Collision Warning and Lane Departure Warning are offered, and they aren’t standard.

Even with the Colorado’s optional Forward Collision Warning system, you will not be as safe as if you had the Tacoma’s. In the optional system for the Colorado, it will only beep at you, warning you of a crash. It will not assist in braking. The Tacoma’s standard system will assist in braking. In fact, in an IIHS (Insurance Institute for Highway Safety) test, the Tacoma stopped short of a collision in both the 15 and 25 mph tests because of this system. These results earned the Tacoma the highest rating of Superior. The Colorado’s system, on the other hand, earned the lowest rating of Basic.

Beyond the Pre-Collision Systems, the Tacoma also earned better scores in headlights than the Colorado. Part of the reason for this is that the 2019 Toyota Tacoma comes standard with automatic dimming high beams. When approaching another car from behind, the Tacoma’s headlights will dim, preventing the driver ahead from being blinded. The 2020 Chevy Colorado does not offer automatic dimming high beams.

Additionally, the 2019 Toyota Tacoma comes standard with Dynamic Radar Cruise Control. This technology senses when a car ahead of you is going slower than your preset speed and adjusts to that vehicle’s speed, staying back a set distance. When driving for long stretches on the highway, this technology can be a huge boon. The 2020 Chevy Colorado does not offer an adaptive cruise control system.

So, the 2019 Toyota Tacoma lasts as long as you need it to, costs less than the Colorado after five years, maintains an insane amount of resale value, and has a superior suite of safety technology. If you have any further questions, you can visit us at 515 W Coliseum Blvd, Fort Wayne, IN 46808. You can also give us a call at (260) 482-3730. We would be happy to answer any of your questions. While you’re here, you can even check out a 2019 Tacoma for yourself. We hope to see you soon.



Websites/Articles Mentioned (in order mentioned):

iSeeCars 2019 Longest-Lasting Cars Study: https://www.iseecars.com/longest-lasting-cars-study#v=2019

MotorTrend 2019 Tacoma Buyer’s Guide: https://www.motortrend.com/cars/toyota/tacoma/2019/

Kelley Blue Book Top 10 Best Resale Value Cars: https://www.kbb.com/new-cars/best-resale-value-awards/best-resale-top-10-cars/

NHTSA 2019 Tacoma Safety Ratings: https://www.nhtsa.gov/vehicle/2019/TOYOTA/TACOMA/PU%25252FCC/2WD

IIHS 2019 Tacoma Safety Ratings: https://www.iihs.org/ratings/vehicle/toyota/tacoma-crew-cab-pickup/2019