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.
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Is buying a Toyota Corolla worthwhile?
1. Limited space for passengers and freight
The Corolla features less head and leg room for the rear passenger than the model from the previous year. Although it has seating for five, the back seat may be uncomfortable for adults. The trunk’s 13 cubic feet of cargo space is below average, and the back seat’s 60/40 split does not fully fold down, which further restricts the amount of cargo you can transport.
2. An inadequate foundation engine
The Corolla’s standard engine struggles to deliver satisfactory performance when driving. Many drivers feel that the car lacks power, which encourages them to upgrade to the 2.0 liter engine, which is more powerful.
3. Not everyone should use a CVT transmission.
Although the Corolla’s transmission is adequate, some people dislike the way a CVT feels when driving. In addition to the CVT versions with dynamic shifts, the Corolla now offers an optional manual shift transmission. Once more, customers might feel uneasy with the base powertrain option.
How It Stacks Up to the Competition:
The Corolla is a fantastic choice for those looking into the compact vehicle segment. Its greatest asset is the total overhaul planned for 2020. Comparatively speaking, the Corolla features a significantly more cutting-edge design. The Kia Forte and the Honda Civic are two other popular compact vehicles.
The 2020 Toyota Corolla boasts a higher anticipated dependability grade than the Forte. Even though the Corolla is more expensive than the Forte, it stands out thanks to its very generous standard safety features. The basic Safety Sense 2.0 package in every Corolla much outperforms what the lowest model Forte has to offer. Additionally, the Corolla has an additional sport tuned suspension in addition to its more refined regular suspension. The Forte’s ride is firmer and there are no available enhancements. Although the Corolla has a combination of standard features and extra upgrades, the Forte will undoubtedly draw shoppers due to its freshly remodeled exterior and better warranty.
A particularly capable contender in the compact car segment is the Honda Civic. Compared to the Corolla, it provides a sportier driving experience, larger cargo room, and outstanding fuel efficiency. Due to their similarities, many consumers may find it difficult to decide between these two cars. They both have comparable prices and warranties. The Civic received significant stylistic updates in 2019, although it is not as cutting-edge in terms of technology as the Corolla.
The 2020 Toyota Corolla was designed with great care to stand out in the compact car segment. With numerous model levels and powertrain choices, it gives purchasers a wide range of alternatives. Many Corolla first-time purchasers will be drawn to the hybrid model. Buyers of tiny cars can make a daring choice thanks to the interior’s clean, contemporary design and the car’s aggressive exterior styling. Additionally, it comes with a long list of generous standard features, such as WiFi hotspot, the Safety Sense 2.0 technology suite, and standard LED headlights.
The Corolla is difficult to surpass in the compact car segment when customers combine these characteristics with the flawless expected dependability score and affordable pricing.
How far can a Toyota Corolla drive?
Drivers who adhere to the suggested maintenance schedule may expect their new Toyota Corolla to last up to 10 years or 300,000 miles or more, whether they own it outright or are leasing one. Learn from the service professionals at Beechmont Toyota how to maximize the use of your inexpensive vehicle!
Is buying a pre-owned Corolla worthwhile?
One of the finest options for those trying to save money is the Toyota Corolla. In addition to having almost unequaled repair and upkeep costs, this car has a solid reputation for dependability, which has helped it become the best-selling vehicle worldwide.
Which Toyota has the highest value?
Purchasing a car is one of the biggest expenditures you’ll ever make, so you obviously want to get one that will retain its worth properly. Since Toyota received one of Kelley Blue Book’s two 2018 Best Brand Awards, you can have confidence in its resale value. When sold 36 months after purchase, the 2018 Toyota Tacoma has the best resale value, with an almost astonishing 69.6 percent value. It comes as no surprise that this model has the highest resale value given its versatility and effectiveness. The 4Runner and Tundra also reached the top 10 list because to outstanding resale value, even after 60 months. So, if you’re looking for a car that will hold its value, think about buying one of these three Toyota models.
What was Toyota Corolla’s finest year?
Let’s start by talking about the Corolla models from 2003 to 2008. The good news is that Consumer Reports endorses every Corolla model produced from 2003 through 2008. Toyota Corolla models from 2003 and 2004 achieved a respectable 4 out of 5, while models from 2005, 2006, 2007, and 2008 received a perfect score of 5. Additionally, a 4 out of 5 owner satisfaction rating was given to all models.
These pre-owned Toyota Corolla cars have a useful size, safe handling, and great fuel efficiency ratings of 30 mpg throughout all model years, according to owner reports. It’s also among the quietest used compact cars in its category. The inside of the little car is functional and provides plenty of room in the back seat. Prior to 2009, Corolla sedans had options for stability control and side curtain airbags. Remember that finding one with these safety features may be challenging.
What are the Toyota Corolla’s drawbacks?
The Toyota Corolla has long been a standard in the tiny car market. This icon is really on its tenth generation right now. That makes it pretty clear that the Corolla accomplishes a lot of things correctly. It is not a perfect car, though, at the same time. The 2022 Toyota Corolla has a lot of benefits, but it also has a few drawbacks that might deter some potential customers. Will the new Corolla be a wise purchase in the end, or should customers forego it and go with a rival?
In 2020, the Corolla’s current generation made its debut. The car gained a comprehensive list of standard safety and technological features as a result of the redesign. The vehicle’s thrilling new Apex variant, which has a more aggressive design and a few performance upgrades, was introduced by Toyota last year. No noteworthy significant changes will occur in 2022.
Top 10 Reasons to Buy a 2022 Toyota CorollaThe Pros
1. Accurate Fuel Economy Predictions
The Corolla is sometimes referred to as a commuting vehicle. It is crucial that it is fuel-efficient because of this. Drivers may achieve up to 32 mpg in the city and 41 mpg on the highway with the 2.0L engine and CVT, which are both options. When paired with the CVT, the regular 1.8L engine performs admirably as well, with estimates of up to 30 mpg in the city and 38 mpg on the highway. Even when measured against other tiny automobiles, these are good figures.
3. Balanced handling and a comfortable ride
The Corolla from 2022 is a stunning fusion of comfort and quickness. The driver may enjoy their time behind the wheel thanks to the quick steering and well-designed suspension, which works to minimize body lean. The Corolla will be easy for drivers to maneuver through city streets and into and out of parking places. The suspension is also capable of absorbing the majority of road jolts that the normal driver may encounter.
3. Outstanding Safety Technology Standard
The 2022 Corolla is offered in five different trim levels, all of which feature adaptive cruise control. By adjusting the speed to maintain a predetermined distance behind the vehicle in front, this feature can significantly lessen the burden on the driver in congested traffic circumstances. The prevention of forward collisions and lane departure warning are additional basic safety features. The list of standard driver aids is completed with automatic high beams, traffic sign recognition, and pedestrian detection.
4. A six-speed intelligent manual transmission is accessible.
Toyota refers to the six-speed “intelligent” manual transmission as being offered on some new Corolla models. There are low gears with close ratios to aid the Corolla’s rapid acceleration. Drivers are given greater space as they shift into higher ratios, which helps to maintain a good fuel economy. The rev-matching feature of this transmission, which has been made to lessen strain, is another benefit. However, buyers should be aware that this manual transmission is less effective than the typical CVT.
5. Luxurious & High-End Interior
Many people will like the Corolla’s sleek interior design. Drivers will notice that the tablet-style infotainment screen catches their attention right away. Higher trims use genuine leather for a more upscale feel while the base model has “quality fabric” upholstery. Despite the presence of certain harsh plastics, the Corolla has a lot of soft-touch surfaces that maintain its luxury appearance.
6. User-Friendly Technology Options
Toyota’s user-friendly infotainment system is praised. The operating system is displayed on a 7-inch or 8-inch touchscreen inside the Corolla. Additionally to Apple CarPlay and Android Auto, all models support Amazon Alexa out of the box. Drivers can easily utilize their voice to access a number of tech features between all of these capabilities. Six speakers and two USB ports are included in the base model, with additional added in higher trims. Navigation and wireless device charging are among the available technological enhancements.
7. Corolla Apex model that is offered
For the Corolla, the Apex has been a game-changer. In addition to the larger 2.0 engine, this trim level also comes standard with an improved suspension and a reduced ride height. This Corolla stands out for its distinctive black and bronze exterior highlights and rear spoiler in terms of aesthetics. The performance exhaust is also located on the back of the Corolla Apex. Front sport seats and a cockpit with a driver-first attitude are found inside. Inside, there is a continuation of the bronze theme with striking contrast stitching. For this trim level, there are summer tires with added traction available.
8. Available Adaptive Front-Lighting System
Toyota equipped the 2022 Corolla with features that improve convenience and safety. The available adaptive front-lighting system is one illustration. By following the front wheels when they turn, the system greatly improves sight at night and gives drivers more time to react to any road hazards.
9. There are Two Body Styles to Select From
The Corolla is available in sedan and hatchback body styles. While many people will find the sedan to be suitable for daily commuting, some may be drawn to the hatchback model’s increased baggage capacity. It provides over 18 cubic feet. Drivers may quickly load their bikes or go to the hardware shop if they fold down the hatchback’s back seat.
10. A safety rating of five stars
The 2022 Corolla received a perfect rating of five stars overall from the National Highway Traffic Safety Administration after being put through its paces. It scored five stars in rollover testing and four out of five stars in frontal and side crash tests. The very comparable 2021 model of the Corolla was named a Top Safety Pick by the Insurance Institute for Highway Safety, despite the fact that the 2022 model has not yet undergone testing at the time of this writing.
Reasons Not to Buy a 2022 Toyota CorollaThe Cons
1. Slow Base Engine
The Toyota Corolla won’t excite many motorists. Its 1.8L four-cylinder basic engine only produces meager 139 horsepower and 129 lb-ft of torque. A 2.0L four-cylinder upgrade is available and provides a more pleasurable 169 horsepower and 151 lb-ft of torque. That still falls far short of expectations, and it only applies to the top trims.
2. Backseat Space Is Limited, Which Is Annoying
Nobody anticipates a little automobile to be especially roomy. Even yet, the Corolla appears particularly cramped in the back, particularly if customers choose the hatchback type. When it comes to back legroom, the sedan performs marginally better. The Corolla works best as a commuter vehicle for one person. It can be suitable for a family with young children as well.
3. A noisy cabin makes it difficult to unwind
The 2022 Corolla’s upmarket interior may make it difficult for drivers to unwind. The amount of wind and traffic noise that enters the cabin is the main cause of this. Even while this is true for the majority of compact cars, the Corolla appears to have greater difficulty with it than its rivals.
4. Sedan Model Has Limited Trunk Room
The Corolla sedan is deficient, although the hatchback model is somewhat useful. There are just 13.1 cubic feet available, which is fewer than the majority of its rivals. Those who frequently want a sizable amount of baggage capacity may consider the hatchback or possibly a different compact vehicle entirely.
What issues are there with the Toyota Corolla?
Since its introduction in 1966, the Toyota Corolla has purportedly sold more than 44 million vehicles worldwide (though some will argue that since there are multiple different Corolla models, not all of those sales should be included). It has been successful in establishing a reputation as a reliable, inexpensive car.
Despite living up to this reputation, the model has some drawbacks. While some years have considerably better service histories, some have seen their fair share of problems. CoPilot will therefore inform you of the model years to steer clear of if you’re looking to buy a secondhand Toyota Corolla.
Quick Answer: Avoid 2000, 2001, 2002, 2003, 2009, and 2014 Toyota Corollas
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.
What 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.
A Corolla will it survive 20 years?
The 2018 Toyota Corolla is already among the most well-liked newly introduced cars in the automotive industry. This is clear from the vehicle’s strong sales performance to date, which, fortunately, has led to a stellar customer satisfaction rating.
It would be wise for customers to buy this car because it has the potential to last for many years. There is no excuse not to buy it because of how well-designed it is and how much safety it offers to its passengers.