2026-06-30

2024 Toyota Rav4 Cost of Ownership Analysis - Forecast vs Actual [!topics] Topics: FIRE 2024 Toyota RAV4 Hybrid XSE Summary Back in 2024 we purchased a Toyota RAV4 Hybrid. Before the purchase I modeled the expected costs of various other make/models/trims. For the RAV4 we estimated ~$13.6k / year cost of ownership, and our actual was closer to $12.2k / year owing to better than expected fuel economy (41.5 vs 40), lower fuel prices ($3.91 vs $5), and fewer miles driven than modeled (12.4k vs 15k). However, the cost per mile at $0.98 was higher than expected, and makes me a bit more aware of the actual value of drives when weighed against a cost of ~$1 per mile - especially with regard to FIRE. Background In late 2024, our family needed another vehicle. We had been getting by with just one car and a motorcycle. I had a child who would need to be in a different place than the car would be most days and times of the week. Therefore, we would need to get an additional vehicle. I did look…