2007 Toyota Corolla Value | Edmunds: $1,665 to $6,369
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Which used Toyota Corolla from 2007 is the best?
Overall, the Toyota Corolla from 2007 is a fairly dependable used car. When it was first released, it also received several excellent dependability ratings. Consumer Reports gave the 2007 Corolla a predicted dependability rating of 5 out of 5, as was already indicated.
Others praised the Corolla’s reliability for the 2007 model year, as well. For instance, the 2007 Corolla had a reliability rating of 4.5 out of 5 from J.D. Power. In terms of cars in general, this is above average, claims US News & World Report. Finding an older vehicle with higher reliability ratings is challenging.
The 2007 Toyota Corolla has what issues?
The only significant concerns with the Toyota Corolla are squeaky belts, poor paint quality, and cracked dashboards. The 2007 model is a fantastic option, but because the 2009 model has engine issues, we advise buyers to stay away from it.
A common issue with engines older than 38,000 miles is a squeaking noise. Usually, a worn-out tensioner or belt is the issue. It’s a simple remedy that just costs $90 to replace the belt.
On vehicles with more than 65,000 miles, peeling paint is a problem. When neglected, the transparent coat breaks down. The only option, which costs around $800 per panel, is to repaint the problematic sections.
At 35,000 miles, dashboard cracks start to appear. As a result of significant expansion and contraction, the dash of cars left in the sun develops fractures. A cover can be installed for less than $100, or you can spend about $1,000 replacing the dash.
There are seven recalls, which is typical for a 2007 compact car. Labels, stalled engines, and air bags are among the things being recalled. Engine stalling is the most serious recalled item. The risk of a collision rises when the engine cuts off while the vehicle is in motion.
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 does a used Toyota Corolla cost?
Check out the average price range for the previous ten years’ used Toyota Corolla vehicles as of October 2017 by model year: 2007: From $4,722 to $9,895. From $3,989 to $8,995 in 2008. From $2,998 to $9,395 in 2009.
What are the Toyota Corolla’s most typical issues?
The Toyota Corolla is one of the most well-liked automobiles in the world thanks to its excellent crash test ratings, reasonable pricing, and features like distance pacing and a driver footrest. Even though the Corolla is popular, there are some issues with it, so if you plan to drive one, you should be aware of them. Some of the most typical issues that owners of this car have reported to RepairPal have been compiled.
How durable is a 2007 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.
The 2007 Toyota Corolla is Bluetooth-equipped, right?
Bluetooth Car Interface Built-In To the factory-installed Toyota Corolla 2007 car audio, Hands Free Calling and Wireless Audio have been added. The device has a microphone and Bluetooth built in.
The Toyota Corolla from 2007 has front-wheel drive.
Five people can fit in a small automobile like the 2007 Toyota Corolla. It comes in CE, S, and LE trims, all of which have a front-wheel drive system and a five-speed manual transmission. All versions come with a four-speed automatic as an option.
A 2007 Corolla is it secure?
The Toyota Corolla received four stars for side-impact protection and five stars for frontal impact protection in NHTSA crash tests. It achieved a “Good” grade in frontal-offset accident testing at 40 mph by the IIHS (the highest possible).
Where are Toyota Corollas produced for 2007?
The Toyota Corolla, one of the most popular cars on the planet, is built at Toyota Motor Manufacturing, Mississippi (TMMMS) in Blue Springs, Mississippi. Rolling 170,000 cars off the manufacturing line each year requires a herculean effort. The TMMMS staff is helped by “Godzilla,” a sizable material-handling robot that resembles a huge metal arm and can move things weighing up to one ton. Every day, more than 2,000 Mississippi workers with training and experience stamp, weld, paint, assemble, and inspect brand-new Toyota Corollas. Since breaking construction in 2007 and beginning production in 2011, TMMMS and its suppliers have spent more than $1.2 billion in the state’s economy, creating approximately 4,000 employment. The plant has built 1.4 million Corollas so far, and counting.
Corolla LE: What does that mean?
While the Toyota Corolla LE, the next trim level up, offers superior fabric seating options, the Toyota Corolla L is the entry-level vehicle that comes with fabric seating. A seatback pocket is another feature of the LE that can be used to store items. There are 60/40 split fold-down rear seats in both the L and LE models, however the LE rear seats have cup holders so that passengers may stay hydrated on extended journeys. In addition, the LE features a metallic inside trim with chrome door knobs as opposed to the L trim’s basic interior design.
The Toyota Corolla L has air conditioning that incorporates a dust and pollen filter to make sure that clean air is circulated throughout your car, so you can set the temperature to your preference to beat the Florida heat. On the other side, the LE trim has automated climate control. Since the controls for this feature are computerized, you don’t need to manually adjust them. Instead than relying on the computer, you can control the temperature.
How often should an oil change be performed on a 2007 Toyota Corolla?
The Toyota Corolla has a longstanding reputation for being a durable vehicle. Because of this, Corolla models that are more than ten years old are still being driven today. With the right maintenance and care, your Corolla will survive for many more years. Taking your car in for routine oil changes with your service provider is one strategy to extend the life of your vehicle.
There are still a lot of questions about how frequently you should have the oil changed in your car, even though the majority of dealerships provide a suggested mileage or return date. You can find the suggested oil change schedule, which is roughly every six months or 5,000 miles, in the Toyota guidebook that came with your Corolla.
However, many motorists choose to replace their oil more frequently, taking their vehicles to the shop every three months or 3,000 miles. It’s generally reasonable to presume that you need an oil change if you are unsure of when your last one was and can’t recall when it was done.