Real price data
What should you pay for a 2016 Toyota Tundra?
Original MSRP
$29,140
When new
Fair market price
$26,642
Mileage-adjusted
Below MSRP
$2,498
A fair used price
Where prices land
25th $22,623 · 75th $30,757 · MSRP $29,140
Spread of current 2016 Toyota Tundra listings · 25th–75th percentile marked.
Negotiating leverage
36
out of 100
moderate leverage
~48 days of national supply and listings typically ~1% above fair price — moderate negotiating leverage.
Ridekick's negotiating-leverage score blends national Market Day Supply with how far listings sit above the mileage-adjusted fair price. Higher means more room to negotiate.
Market demand & negotiating leverage
48days of supply
Balanced marketSupply and demand are roughly balanced for the 2016 Toyota Tundra.
National Market Day Supply — how long it would take to sell the current used 2016 Toyota Tundra inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.
Estimated dealer cost (invoice)
$26,809–$27,974
Estimated dealer invoice — about $29,140 MSRP minus a typical 4–8% manufacturer margin.
An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| SR | $20,540 | $29,140 | $26,809–$27,974 |
| SR5 | $25,586 | $30,950 | $28,474–$29,712 |
| Limited | $28,350 | $41,720 | $38,382–$40,051 |
| 1794 Edition | $31,005 | $49,580 | $45,614–$47,597 |
| Platinum | $31,164 | $49,580 | $45,614–$47,597 |
| TRD Pro | $34,191 | $45,560 | $41,915–$43,738 |
- SR
- $20,540
- SR5
- $25,586
- Limited
- $28,350
- 1794 Edition
- $31,005
- Platinum
- $31,164
- TRD Pro
- $34,191
Out-the-door price by state
Out-the-door for a 2016 Toyota Tundra runs about $26,953 in MT to $29,434 in NJ — fair price plus state tax, title, registration, and a typical dealer doc fee.
| State | Sales/use tax | Doc + title + reg | Out-the-door |
|---|---|---|---|
| CA | $1,932 | $110+ | $28,684 |
| TX | $1,665 | $332 | $28,639 |
| FL | $1,599 | $1,074+ | $29,315 |
| NY | $1,066 | $371 | $28,079 |
| PA | $1,599 | $587 | $28,828 |
| IL | $1,665 | $683 | $28,990 |
| OH | $1,532 | $444 | $28,618 |
| GA | $1,865 | $637 | $29,144 |
| NC | $799 | $793 | $28,234 |
| WA | $1,732 | $215+ | $28,589 |
| OR | $0 | $525 | $27,167 |
Estimates using each state's base tax rate. Local (city/county) taxes can add 1–3% in many areas, dealer doc fees vary, and some states base registration on vehicle value or weight (shown with a "+"). Trade-in tax credits are not included.
Out-the-door price by state: California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, Georgia, North Carolina, Washington, Oregon
Safety & recalls
6 open NHTSA recalls on record for the 2016 Toyota Tundra.
AIR BAGS:KNEE BOLSTER
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2016 Tundra vehicles. The affected vehicles have a passenger knee air bag module that was attached to the instrument panel mounting brackets with incorrect bolts.
Remedy: All of the affected vehicles have been inspected and any incorrect knee air bag mounting bolts have been replaced, free of charge. The recall began on June 22, 2017. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's number for this recall is H0K.
Campaign 17V416000 · 29/06/2017
STRUCTURE:BODY:BUMPERS
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2016-2017 Tundra vehicles equipped with a resin rear step bumper and resin reinforcement brackets (vehicles with chrome step bumpers are not affected). In the event of an impact to the corner of the bumper, the resin bracket may be damaged but not be noticed.
Remedy: Toyota will notify owners, and dealers will replace the resin rear bumper reinforcement brackets with steel ones, and replace the rear bumper tread, free of charge. The recall began on May 21, 2017. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's number for this recall is H0C.
Campaign 17V051000 · 24/01/2017
WHEELS:LUGS/NUTS/BOLTS/STUDS
Southeast Toyota Distributors, LLC (SET) is recalling certain model year 2013-2017 Toyota Tundra and Sequoia vehicles accessorized with Southeast Toyota accessory 20-inch Rockstar wheels installed by Southeast Toyota or a Southeast Toyota dealer. The Rockstar wheels were installed with lugnuts that may crack and detach.
Remedy: SET will notify owners, and dealers will install new replacement lugnuts, free of charge. The recall began June 23, 2017. Owners may contact SET customer service at 1-866-405-4226. SET's number for this recall is SET17A.
Campaign 17V311000 · 11/05/2017
EQUIPMENT:OTHER:LABELS
Southeast Toyota Distributors, LLC (SET) is recalling certain model year 2016 Toyota Camry and Highlander, 2015-2016 Toyota Tundra, Scion FR-S, and tC vehicles. The Load Carrying Capacity Modification Label may not reflect the correct added weight of the installed accessories. As a result, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 110, "Tire Selection and Rims for Passenger Cars."
Remedy: SET will notify owners, and provide a corrected label for placement over the inaccurate label, free of charge. The recall began on July 14, 2016. Owners may contact SET customer service at 1-866-405-4226.
Campaign 16V420000 · 09/06/2016
STEERING:HYDRAULIC POWER ASSIST SYSTEM
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2008-2022 Sequoia and 2007-2021 Tundra vehicles. The power steering gear assembly may have been manufactured incorrectly, which can result in an oil leak.
Remedy: Dealers will inspect and replace the power steering gear assembly as necessary, free of charge. Owner notification letters were mailed on January 21, 2022. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's numbers for this recall are 21TB10 and 21TA10.
Campaign 21V920000 · 23/11/2021
STEERING:HYDRAULIC POWER ASSIST SYSTEM
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain JTEKT power steering gear assembly service parts for 2007-2021 Tundra and 2008-2022 Sequoia, part numbers 44250-0C160, 44250-0C131, 44250-0C170, and 11250-0C121. The power steering gear assembly may have been manufactured incorrectly, which can result in an oil leak.
Remedy: Dealers will inspect and replace the power steering gear assembly, free of charge. Owner notification letters were mailed on February 17, 2022. Owners may contact Toyota customer service at 1-800-331-4331. Toyota's number for this recall is 21TH01.
Campaign 21E103000 · 23/12/2021
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Frequently asked questions
What is a fair price for a 2016 Toyota Tundra?
A fair, mileage-adjusted price is about $26,642, within a typical market range of $22,623 to $30,757.
Is the 2016 Toyota Tundra cheaper than MSRP?
Yes — its original MSRP was about $29,140, so a fair used price is roughly $2,498 below MSRP.
What is the out-the-door price of a 2016 Toyota Tundra?
Out-the-door (price plus state tax, title, registration, and a typical doc fee) runs about $26,953 in MT to $29,434 in NJ, depending on your state. Local taxes can add more.
Is now a good time to buy a 2016 Toyota Tundra?
There are about 48 days of national market supply for the 2016 Toyota Tundra — Supply and demand are roughly balanced for the 2016 Toyota Tundra.
How much can you negotiate on a 2016 Toyota Tundra?
Negotiating leverage rates 36/100 (moderate). ~48 days of national supply and listings typically ~1% above fair price — moderate negotiating leverage.
What does the dealer pay for a 2016 Toyota Tundra?
The estimated dealer cost (invoice) is roughly $26,809–$27,974 — its $29,140 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 7/11/2026. Estimates only; your price depends on condition, options, and location.