How Much Is A 2002 Toyota Corolla Worth

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’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.


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.


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.

Which engine powers the Toyota Corolla from 2002?

Auto Overview Toyota’s front-drive subcompact vehicle has no revisions for 2002 after receiving a facelift for 2001. The Corolla, which is almost identical to the Chevrolet Prizm and will be discontinued after the 2002 model year, has been Toyota’s second-best seller behind the midsize Camry. Toyota dealers reportedly sold 230,156 Corollas in 2000, per Automotive News.

In between the entry-level CE and upmarket LE trims is the sporty S variant. Despite having unique design, Chevrolet’s Prizm shares the same front-drive base and mechanical parts as the Corolla. Although the two firms share a California manufacturing facility, certain Corollas are also made in Ontario, Canada. In January 2002, a new 2003 Corolla goes on sale and is expected to seem younger.

Exterior The Corolla’s design is simple but traditional and comes with multireflector halogen headlights as standard equipment. The side moldings, grille, and rear mudguards on the S model are color-keyed. The Ford Focus and Honda Civic both have a 97-inch wheelbase, whereas the Toyota Corolla is only 174 inches long. 4 door sedans have a 66.7 inch width and a 53.7 inch height.

Interior The five seats in the Corolla are upholstered in cloth. The Corolla’s standard-equipment list is lacking in comparison to certain competitors. Air conditioning and power windows, locks, and mirrors are optional rather than standard features, even on the top-of-the-line LE. The only Corolla model to feature a standard cassette player, split-folding rear seats, rear window defoggers, and a tilt steering wheel is the LE. All of this doesn’t appear to stop customers, who just select the desired products from customized packages.

Under the Hood A three- or four-speed automatic transmission or a standard five-speed manual gearbox are mated to a 1.8-liter four-cylinder engine that produces 125 horsepower. The Corolla CE comes standard with a three-speed transmission, but the other models have a four-speed option.

Safety Side-impact airbags are an option on all models, although only the LE and S editions have an antilock braking option. Some larger vehicles cannot match Toyota’s promise that the Corolla’s bumpers can sustain a collision at 5 mph without being damaged.

The Driving Experience The Corolla is one of the greatest subcompacts available, despite having conservative style and costing more than its rivals. The durable sedan from Toyota offers an amazing fusion of economical fuel consumption, refinement, dependability, and durability.

Whether the Corolla has an automatic or manual transmission, performance won’t blow you away, but it’s more than acceptable for everyday driving. Owners of the Corolla can anticipate effortless driving, good maneuverability, and a comfortable ride in a car that is quieter than some larger vehicles.

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!

Which Toyota Corolla model year is the best?

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.

Is the 2000 Toyota Corolla a decent vehicle?

One of the top compact sedans available is the Corolla. Honda is the only rival that comes close to Toyota’s reputation for durability and high levels of build quality. But in 2000, the Corolla will undoubtedly have its work cut out for it.

What type of transmission is in a 2001 Toyota Corolla?

A 1.8-liter four-cylinder engine powers all Corollas, which are four-door sedans. A five-speed manual transmission is a standard feature on all. For the CE, a three-speed automatic costs $415; for the S and CE, a four-speed automatic costs $815.

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.