Toyota and Lexus are two of the slowest-depreciating brands on the market, while a Lincoln tends to lose more than half of its initial value in the first five years.The situation means that you're buying a Toyota; it usually makes more sense to buy new. If you're buying a Lincoln, it usually makes more sense to buy used. So, if we compare a five-year-old Lincoln Navigator to a shiny new Toyota Sequoia, which one comes out as the more sensible purchase? Let's find out. A Lincoln Navigator Sells For Less Than Half Of Its MSRP After Five Years 2022 Lincoln Navigator Exterior Checking in with the CarBuzz Marketplace (below), a mid-range, rear-wheel drive 2021 Navigator Reserve is currently selling for around 49% of its initial MSRP of $87,775. We also see the entry-level model currently selling for less than a third of the initial price, but that's based on a single listing, and our Reserve price is based on 88 sales at last check.Note that these numbers are based on up-to-the-minute sales data. By the time you read this, the average sale price could be a little above or a little below 50%, but it shouldn't fall too far outside of our pricing at the time of publication.Taking a look at our own marketplace to see what's out there, here's what we find. An 89,628-mile Black Label model is selling for $39,498 in Virginia. A 109,315-mile Reserve model is selling for $35,000 Pennsylvania. A 118,590-mile Reserve model is selling for $30,500 in Nebraska. A 48,166-mile Reserve is selling for $40,495 in Nebraska. A 119,089-mile Reserve model is selling for $31,984 in Colorado. We can't say what will be available when you're ready to make a purchase, but these listings should give you an idea of what to expect. Is A Used Navigator Cheaper Than A New Sequoia? Toyota If you shop around, you should have no problem driving a low-mileage Lincoln Navigator off the lot for well under $40,000. If you're not afraid of driving something with 100,000 miles on the odometer, you might be able to get your new-to-you SUV home for around $30,000. So, how does that compare to a brand-new Sequoia?Right away, we see a difference of more than $25,000 between our priciest current listing for a Lincoln Navigator and our cheapest Toyota Sequoia.That's one point in favor of buying a used Lincoln Navigator over a new Toyota Sequoia. Here's how the SUV holds up when we start comparing features, performance specs, and total cost of ownership over the next five years. Is The Navigator Bigger Than The Sequoia? Lincoln If you're going to be driving a three-row SUV and paying three-row SUV prices, you probably want as much interior space as you can get, right? So how do the Lincoln and Toyota compare in terms of roominess?The Navigator is noticeably bigger in almost every way. The Sequoia offers one extra seat, but unless you actually need all eight seats frequently, that's just elbow room you're giving up for an imaginary friend. So, that's another point for the Navigator. Is The Lincoln More Luxurious Than The Sequoia? Toyota The Navigator is a little out of date, but it's a luxury model, where the Sequoia is a mid-market vehicle. So, this could go either way. Let's compare some key entry-level features.The 2026 Toyota Sequoia comes out ahead of the Lincoln Navigator at the base level in terms of standard features. The base-model Navigator Standard grade doesn't include a sunroof, and adaptive cruise control costs extra. But when looking at a Black Label 4WD Navigator, a buyer is still spending less than $25,000 compared to a Sequoia, and getting all the following features: Adaptive cruise control Sunroof Seat memory Seat massage Leather seats Head-up display All told, the Lincoln Navigator offers a lower price and a better value proposition. So that's three points for the Navigator. We give the Sequoia a point for having the more impressive entry-level trim, but it costs twice what you'd likely spend on a 2021 Navigator Standard. Can A Five-Year Old Lincoln Outperform A Brand-New Toyota? Lincoln Despite belonging to two different segments and being five years apart, the Navigator and the Sequoia have a lot in common under the hood.Both models come with a 10-speed automatic transmission, are available in rear- or all-wheel drive, and are only 13 horsepower apart in terms of output.Where the SR5 takes a clear lead is in towing capacity, pulling 3,320 pounds more than the Navigator. Although again, that can be addressed by buying a higher trim. The Black Label 4WD tows 8,300 pounds, which should be more than enough for most drivers. Which SUV Costs More To Own? Toyota Owning an SUV means that you're not just paying for it once; you're paying for it again every time you head to the shop, every time you stop for gas, and every time you pay for insurance.Going to RepairPal for annual maintenance costs, the EPA for fuel expenses, and CarEdge for insurance estimates, here's how these SUVs stack up.Some notes on these numbers. Fuel expenses are for rear-wheel-drive models and assume 15,000 miles a year, split 45/55 between highway and city driving. Insurance costs are based on a 40-year-old driver with good credit and a clean driving record.Based on these numbers, the Toyota Sequoia scores a third point, bringing our total to a dead-even tie, as it will cost you around $9,155 less in ownership costs over five years. This is unsurprising, as cheap used luxury cars tend to make up the difference in expensive repairs and premium gasoline. The question is whether the Toyota is saving you enough money to justify its higher price. The Lincoln Navigator Is The Cheaper SUV, No Matter How You Slice It Lincoln At our last check, a Lincoln Navigator is trending at around $42,792. The cheapest Toyota Sequoia starts at $62,025. That's a difference of $19,234, and that's assuming you can't find anything cheaper.The Sequoia is $9,155 more affordable to own after five years, but that leaves a $10,079marginin favor of the Navigator as the more affordable vehicle.With all of this said, the Toyota is an increasingly attractive option as both vehicles get older. A Toyota is more likely to reach 250,000 or 500,000 miles. But that value proposition is more of a long-term thing. After ten years, you're still spending less on the Navigator. The Sequoia makes more sense if you plan to drive this SUV until the wheels fall off, or if you plan to keep it running forever and pass it on to the grandkids.For anyone who's not necessarily trying to join the million-miler club, the Navigator is the more affordable SUV in almost every way that matters.