Value of a 1998 Toyota Corolla: $410 to $2,438 | Edmunds.
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How far is a 1998 Toyota Corolla capable of traveling?
The Toyota Corolla is one of the most trustworthy cars on the road right now, and drivers in Calhoun have benefited from years of smooth, dependable driving. Your Toyota Corolla’s lifespan can be extended by up to 10 years or 300,000 miles if you adhere to the recommended maintenance schedule.
Is the 1998 Toyota Corolla a decent vehicle?
The 1998 Toyota Corolla is the best tiny car to come out since the original VW Beetle. It is completely new, has a terrific engine, a new body, and the first side-impact airbags in its sector.
What’s the value of a used Toyota Corolla?
One of the most popular compact cars on the market for 2014 is the Toyota Corolla. Due to this, a lot of individuals opt to save money by buying secondhand cars or by exchanging their old Corolla models for new ones. You must be well-versed in the value of a used Corolla in order to make informed decisions in either of these scenarios.
Any used car’s worth will differ significantly based on the model year, condition, mileage, and a number of other factors. Depending on these elements, you may reasonably pay anywhere from $2,000 to almost $18,000 for a used Corolla, but by being knowledgeable of what affects the value of the car, you can still stay one step ahead.
Seller
Who you buy it from is one of the variables that might reasonably affect the price of a used 2014 Toyota Corolla or earlier model. Sometimes private parties will sell an automobile for less money than a dealership, but this does not necessarily mean that the price difference is justified. You will have some type of assurance that the used Corolla will operate if you purchase it from a dealership. In that situation, you will also have the choice of purchasing a certified used Corolla. Even if they are a little more expensive, these are a wonderful investment because you can be sure that they are in good functioning condition.
Mileage
The mileage of a used 2014 Toyota Corolla or previous model is a significant factor in determining the car’s value. Almost usually, a vehicle with less kilometers will be worth more than one with more. This is due to the fact that cars with higher mileage have been driven more frequently, which makes them more likely to be in poorer shape. Additionally, both buyers and sellers typically believe that vehicles with lesser mileage would last longer and require fewer maintenance down the road.
Trim Level
The 2014 Toyota Corolla comes in a variety of trim levels, and although if there haven’t always been as many options, they can still have a significant impact on the price of a used Corolla. The Corolla with the higher trim level will be worth more if two Corollas are otherwise equal. However, when buying a new Corolla, the price difference will be less than the price difference between trims.
Model Year
The model year is the last element that can impact the value of a used Corolla. In general, older models will be less valuable. The car likely has more miles on it and is in worse condition, and there are fewer improvements and new features. A 2013 Corolla, for instance, may cost between $16,400 and $17,800, whilst a 2012 model will cost between $14,300 and $15,500.
A 1998 Toyota Corolla has all four wheels, right?
Four-door sedan with four seats and front-wheel drive. Basis cost is $14,798. $17,918 is the cost as tested. Engine: 1.8-liter inline four, 122 pounds-feet of torque at 4,400 rpm and 120 horsepower at 5,600 rpm.
What are the Toyota Corolla’s most typical issues?
Primary Toyota Corolla Issues
- excessive use of oil Toyota Corolla owners from 2002 and 2009 have reported concerns with their engines using too much oil.
- transmission malfunction
- Engine starts up slowly.
- Check engine light is on because of the EVAP system.
- defective airbags
- Driving Drift
- defective mass air flow sensor
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!
What is the typical Toyota Corolla lifespan?
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.
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.
The Toyota Corolla from 1998 has anti-lock brakes, right?
The Corolla is a popular used car, yet used car costs in the subcompact league are by no means the lowest. It is rated as a Best Buy for new car purchasers.
Overview
The Corolla was revamped for 1998 and came with the option of front side airbags in addition to being slightly bigger and more powerful than the previous generation. The new Corolla, which was exclusively offered as a 4-door sedan, had a wheelbase that was two inches longer than the previous model’s. Most interior dimensions just slightly increased. As before, the Chevrolet Prizm and the Toyota Corolla had the same design and drivetrain. The entry-level VE, CE, and premium LE models went on sale. The identical 1.8-liter, 4-cylinder engine with 120 horsepower was used in all variants. Standard was a five-speed manual transmission. On the VE model, a 3-speed automatic transmission was an option, while a 4-speed automatic was available on the CE and LE models. The new side airbags were installed to the front seatbacks as an option on all models. All Corollas came with the option of antilock brakes.
Yearly Updates
The second season of the new design saw few changes. There was a front stabilizer bar on all models now.
The engine of the Corolla gained 5 horsepower after using VVT-i variable valve timing. On CE and LE models, a tilt steering wheel became standard.
For 2001, Corolla received revised front and back fascias. The CE model was discontinued, and amenities including the tilt steering wheel, cassette player, rear defogger, and split/fold rear seat were no longer standard. A sporty S variant with color-keyed decor, fog lights, bigger tires, and a tachometer was additionally new for 2001.
Corolla remained unchanged for 2002, but an entirely new car was scheduled to debut as a 2003 model in February.
Engines
A dual-overhead-cam 4-cylinder with 120 horsepower powered every Corolla. There may be a 5-speed manual transmission or a 4-speed automatic transmission (3-speed on the low-cost VE model). For 2000, the engine’s horsepower increased to 125.
Road Test
Automatic-transmission vehicles feel a little sluggish at first, failing to produce a fast jump off the line from a stop, even if the new car feels powerful at higher engine rpm. In truth, acceleration for a subcompact is about average. Additionally, using the air conditioner significantly reduces performance. Although the 4-speed automatic transmission seems to somewhat reduce engine output when shifting gears, it nonetheless offers smooth, punctual upshifts and swift downshifts for passing.
Instead of being tuned for dynamic handling, Corolla suspensions are designed to deliver a comfortable ride. Good straightline stability and bump absorption are present, but high-speed turns result in significant body roll. This flaw is particularly apparent in the 1998 VE and CE models, which were devoid of the front stabilizer bar found on the LE model. All 1999 cars came standard with a front stabilizer, however body roll is still noticeable despite the car’s agility and predictability.
Overall, there is less road and wind noise while traveling at highway speeds than there was previously. Yes, the engine thrashes when under stress, but at cruising speeds, it calms down beautifully. With the optional ABS, braking is quick and unobtrusiveexactly as it should be.
Similar to earlier Corolla models, the current model has a small back seat and not much room in the front either. Medium-sized adults can fit in the back seats with average-sized people occupying the front seats. But there won’t be much area for the knees. Rear leg room gets incredibly cramped if front seats are pushed back farther than halfway. On the bright side, back doors have roomy bottom openings that allow average-sized people to comfortably pass through.
A low beltline and cowl assist the driver to be in a dominant position. Although it takes some effort to reach the radio and climate controls, they are all easy to operate and have distinct markings. Despite its practical size, the trunk’s hinges protrude into the cargo area when the lid is closed.
Ratings are given on a scale of 1 to 10, with 10 being the best. With the exception of Value, these figures show how the car stacks up against all other cars, not simply those in its class.
Trouble Spots
The manufacturer warns against installing replacement seat covers (leather or fabric) on vehicles equipped with side impact protection since this could cause the side airbags to malfunction. (1998)
When the cruise control is engaged, some models might not shift into overdrive. It is possible to buy a new cruise-control computer. (1998)
When turned on, the dome light might not function properly, necessitating the replacement of the dome-light assembly. (1998)
The 1.8-liter engine’s fuel injectors may result in a harsh idle and the check engine light turning on. (1999)
The rear quarter windows leak, and the standard warranty will cover the installation of a new molding strip. (1998)
Recall History
Some lug nuts on vehicles sold by Gulf States Toyota, Inc. are faulty, leading to torque loss, fatigue fracture of the wheel, and perhaps wheel loss.
It’s conceivable that the lug nuts on the wheel weren’t correctly tightened, which could cause wheel separation when driving. Dealers will examine and swap out any damaged parts.
When deployed, the passenger-side frontal airbag inflator could explode and hurl metal pieces at them.
To view the equipment lists for all models available during that model year, click the year.
Price Note: Toyota Motor Sales, U.S.A., Inc. distributes the automobiles listed at the prices. Areas served by independent distributors may have higher dealer invoices and destination fees.
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.