Value of a 1997 Toyota Corolla: $371 to $3,327 | Edmunds.
In This Article...
How many miles can you get out of a 1997 Toyota Corolla?
How long do Toyota Corollas last? may be on your mind if you’re thinking about buying one. The Toyota Corolla has a life expectancy of up to 10 years or 300,000 miles with routine maintenance and service. You might own your new Corolla for well over a decade if you take good care of it.
A Toyota Corolla will depreciate 21% after 5 years and have a 5 year resale value of $19,177.
Surprisingly, the Toyota Corolla outperforms its larger relative, the Camry, when it comes to maintaining value. The Corolla performs in the top 20 in years 5 and 7, while the Camry performs in the middle of the pack in terms of value retention. This demonstrates that the Corolla offers fantastic value, whether it is new or used, and that it is a great inexpensive car for those on a budget that will be light on your wallet or purse, regardless of how old it is.
The anticipated depreciation over the following ten years is shown in the figure below. These outcomes apply to cars that travel 12,000 miles annually on average and are in good condition. Additionally, it counts on a new-car selling price of $24,275. Enter the purchase price, anticipated length of ownership, and yearly mileage estimate. We can estimate the Toyota Corolla’s projected resale value using our depreciation calculator.
Share
What year of a secondhand Toyota Corolla is the best to purchase?
Every used Toyota Corolla produced between 2014 and 2019 comes highly recommended by Consumer Reports. With the exception of the 2019 Toyota Corolla models, which nonetheless achieved a high score of 4/5, all obtained reliability ratings of 5/5. The overall owner satisfaction score was 3/5.
The Corolla underwent yet another redesign in 2014, which was a significant year for the vehicle. Additionally, it achieved 32 mpg overall with the aid of the continuously variable transmission (CVT).
There are simple controls inside, and some models come with a touchscreen infotainment system. The LE and higher models come standard with automatic temperature control. Automatic emergency braking and forward collision warning were included as standard safety features in 2017 vehicles.
What does a Toyota Corolla have high mileage?
The Toyota Corolla is regarded as one of the most dependable sedans on the Irving market. It is distinguished by its small size, excellent maneuverability, and lengthy expected lifespan. You can count on your Corolla to last at least 300,000 miles when you follow the manufacturer’s recommended maintenance regimen!
Do Toyota Corollas have issues with their transmissions?
To ensure long-lasting performance, the transmission system needs to receive the required attention and upkeep.
Here are a few of the most typical gearbox issues with the Corolla:
1. Slipping in the transmission
Your Toyota Corolla’s gearbox mechanism will then choose and deselect gears as a result. Without the driver’s involvement, a sliding transmission system can automatically change from a higher gear to a lower one.
According to our study, this is a typical description of a Corolla’s slipping transmission system: “the Corolla will suddenly stop, and as you try to compress the gas pedal, it shoots ahead.
2. An improper shift on an automatic gearbox
Toyota Corollas with higher mileage, between 125,000 and 150,000 kilometers, frequently experience this issue.
The automatic transmission may not shift between gears correctly, which could cause swaying and lurching of the vehicle.
3. Low-speed vehicle trembles or vibrates:
Some Corolla owners claim that when traveling at low speeds, their vehicles tremor or shudder (30-45mph).
Your Corolla won’t typically be in danger because it operates without issue at high speeds. Low speeds provide the impression that the road is rough when there are actually no obstructions in the way.
4. Transmission failure causes a car to stall
Possible Causes and Solutions
The numerous transmission issues mentioned above can have a few different reasons. The problem could be caused by a broken torque converter. If the torque converter’s solenoid, needle bearings, clutch, or seal are harmed, the transmission will stop working.
After a certain number of miles of driving, the throttle position sensor might need to be calibrated, or the shift solenoid might need to be replaced.
A damaged torque converter often requires $500 to $1000 in repairs. Given the complexity and length of the project, the workmanship is responsible for the majority of the cost.
How long is the lifespan of a Toyota Corolla transmission?
The Toyota Corolla is the least expensive compact car to repair, according to statistics from RepairPal.
The Toyota Corolla’s annual maintenance expenditures are about $362, which is more than $100 less than the national average ($526).
More significantly, only 7% of Toyota Corolla repairs are extensive. This is fantastic news because expensive repairs cost three times as much as simple fixes.
How Long Do the Brakes Last?
The longevity of the brake pads and rotors is determined by your driving practices and attention to maintenance recommendations.
The rotors and the brake pads will deteriorate more quickly if you frequently drive in stop-and-go traffic, and the same is true if you don’t maintain your brakes.
How Long Do the Spark Plugs Last?
Prior to replacement, spark plugs can last up to 100,000 kilometers. However, they might deteriorate more quickly, especially if you drive in stop-and-go traffic frequently.
Why is the value of a used Toyota so high?
The Toyota Innova Crysta is practically depreciation proof and the undisputed king of large MPVs. The Crysta delivers a good automobile resale value and keeps its resale car price extremely well. Due to the intense demand for this MPV, the Toyota Innova’s used car resale value continues to be strong. The car’s potent engine, high level of dependability, plush interior, and simplicity of maintenance are the causes of this high demand. All of these elements help to rank this car as one of the best resale values in India. The Crysta is practically depreciation-proof because it can retain up to 90% of its value even after three years.
How long do Toyota cars maintain their value?
Toyota tops the list of automakers with vehicles that lose 42.3% of their value on average after five years of ownership. This is less than the 49.6% global average.
The reliability of the brand helps Toyota automobiles maintain their value across all vehicle sectors, according to Ly.
Of the 10 vehicles on the list, two, the Dodge and Mitsubishi, depreciate at rates of 51.4% and 51.8% more than the industry average. These are nevertheless greater than the most depreciating automakers, such as Maserati with an average depreciation rate of 66.4% and Buick with an average depreciation rate of 60.1%.
According to Julia Blackley, the study’s author, Dodge and Mitsubishi were included on the list since they continue to score among the top 10 lowest-depreciating brands overall when compared to other automakers.
Continue reading to discover another list of automakers that build low-depreciating cars:
What are the Toyota Corolla’s worst years?
Excessive oil consumption in the engine has been one of the Toyota Corolla’s most frequently encountered issues over its lifetime. Although it did occur in other years like 2014, these model years saw a higher prevalence of it: 2000, 2001, 2002, and 2009. The 2003 and 2009 models, however, were plagued by transmission issues. Particularly in 2009, cooling issues as a result of water pump failure were frequently reported. These model years had more minor difficulties than others, like body/paint and interior accent problems.
The best way to purchase a car is with the CoPilot auto purchasing app. Get a curated selection of the top vehicles available in your region, as well as alerts when a comparable car is posted nearby for less. The best way to look for used automobiles is on CoPilot.
Which Corolla model is the best?
The model for 2019 has a “U.S. News has given this prediction reliability an excellent rating. Based on J.D. Power’s car dependability study, a 4.5 out of 5 reliability rating is projected.
According to the ratings, the 2019 model is best described by the following: “superior to most and regarded as among the best.
The emergency braking system, lane departure warning, steering assistance, and forward collision warning are additional features that add flavor to the 2019 model year. With the help of these improvements, the 2019 Corolla can continue to outperform competitors while retaining its distinctive reliability.
It has spacious cabin and very nice seats. Of course, this sets it apart from other models that only excel in reliability and offer a small amount of comfort.
The 2019 Corolla is exceptional in many ways, not just dependability, thanks to these features.
Corolla versus Camry, which is superior?
Both a stronger engine and a more potent V6 are standard on the Camry. But compared to 2019, the 2019 Toyota Corolla is even more efficient. The cabin of the Camry is larger than the Corolla’s when it comes to accessible cargo capacity.
How big are the tires on a 1999 Toyota Corolla?
Depending on the year, model, and trim level, Toyota Corolla tires are available in a variety of sizes, including 195/65R15 tires, 205/55R16 tires, 215/45R17 tires, and 225/40R18 tires.
What does the Japanese word “Corolla” mean?
The Toyota Corolla, also known as the Toyota Karra in Japanese and Hepburn, is a line of tiny vehicles that the Toyota Motor Corporation manufactures and sells all over the world. The Corolla, which debuted in 1966, was the best-selling vehicle globally by 1974 and has remained so ever since. The Toyota Corolla surpassed the Volkswagen Beetle to become the most popular brand globally in 1997. [1] In 2021, Toyota sold 50 million Corollas throughout twelve generations, marking a significant milestone. [2]
The word “Corolla,” which is Latin for “little crown,” is a part of Toyota’s naming history for sedans, which uses names drawn from the Toyota Crown.
[3] Up until 2000, only Toyota Corolla Store locations in Japan were authorized to sell the Corolla, which was also produced in Japan alongside a twin known as the Toyota Sprinter. The hatchback companion was known as the Toyota Auris from 2006 to 2018 in Japan and much of the rest of the world, as well as from 2018 to 2020 in Taiwan.
The majority of the early vehicles had rear-wheel drive, whereas the latter variants had front-wheel drive. It has undergone multiple significant redesigns and is also available in four-wheel drive versions. The Nissan Sunny, which debuted in Japan the same year as the Corolla and was followed by the Nissan Sentra, Nissan Sylphy, Honda Civic, and Mitsubishi Lancer, were the Corolla’s traditional rivals. According to Toyota’s engine and chassis codes, the Corolla’s chassis designation code is “E”.