How Much Is A Toyota Corolla 2012 Worth

The 2012 Toyota Corolla has outstanding safety ratings and a smooth ride, but reviewers said that a boring interior and uninteresting driving experience make it less appealing than many competitors.

How durable is a 2012 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.

What should the price of a 2012 automobile be?

Having recently purchased two vehicles, I was intrigued to read a few amusing car-related trivia this weekend. Just a little bit over $30k was the average cost of a new automobile or light truck in April, to start. To be precise, $30,303, which is an increase of $1200 from the previous year.

We paid less than $30k for both automobiles, so we’re obviously below average (but not below $30k overall; do we get extra points for buying two cars?).

Pent-up demand has helped to enable this overall price increase. In fact, the average age of passenger cars in the US has risen gradually in recent years, reaching 10.8 years in 2011 (overall; cars have an average age of 11.1 years, compared to light trucks and SUVs at 10.4 years).

High gas prices are apparently another element influencing demand. 2012 was the highest average fuel economy ever thanks to strict federal regulations. In addition, gas costs have been constantly rising (although they have decreased slightly over the past month or so), which has led many consumers to search for more fuel-efficient cars.

Interestingly, the scarcity of late-model used cars has led to an increase in used car prices (thanks to drivers keeping their old cars longer; see above). Since more individuals are turning to the used car market to save some money, I would assume that higher new car prices have also (probably; I’m just speculating) contributed to push used car prices up.

So if you’re wanting to buy a new automobile, I guess this is sort of good news/bad news. Even though you’ll probably spend more than in previous years, you might be able to sell your old car for more money than usual.

Timing belt on a 2012 Corolla?

CarsGuide has responded. The engine of your Corolla has a timing chain rather than a timing belt, which is good news, Amy. The timing chain should last the lifetime of the engine, however the timing belt needs to be replaced on a regular basis.

What issues does the Toyota Corolla from 2012 have?

Compared to other compact cars in the same price range, the 2012 Toyota Corolla has less issues. The 2013 model has the same amount of issues as the older model.

The most frequent issue owners report is noisy brakes. Brake pads or rotors that are worn out are the problem’s most common cause. A new set of rotors costs roughly $800, and replacing the pads costs about $200.

A/C issues are another frequent problem. Usually, the compressor or solenoid switch are to blame for the issue. A new compressor costs about $600, while changing the switch only costs about $100.

Another common issue with the Corolla and other Toyota automobiles is door lock issues. The actuator has a weakness and malfunctions. Depending on local labor prices, replacing the assembly costs roughly $200.

There are five recalls, which is typical for a 2012 model. The calibration of the occupant sensing system and air bags are among the recalls. Recalls involving air bags are the most serious since they might result in injuries in the event of an accident.

How many kilometers can a Corolla travel?

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.

Are there any 2012 Toyota Corolla recalls?

Toyota Corolla recalls for 2012. The National Highway Traffic Safety Administration has issued four safety recalls. Toyota Motor Engineering & Manufacturing (Toyota) is recalling specific models of the Corolla, Matrix, Avalon, and Avalon Hybrid from the years 2011 through 2019.

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.

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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.

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.

What are the Toyota Corolla’s most typical issues?

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.