2008 Toyota Corolla Value | Edmunds: $1,871 to $7,346.
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How many kilometers are there in a 2008 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.
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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A 2008 Toyota Corolla has what issues?
Compared to other compact cars in its price range, the 2008 Toyota Corolla has less issues. Owners of the 2009 model, which has undergone redesign, have voiced more grievances, making the 2008 model a better value.
Owners bring up issues with their engines that result in a check engine light. The light may turn on due to certain sensor and computer issues. The best thing to do if your check engine light is on is to use an OBD-II scan tool to identify the cause of the issue. A simple reset is required in some circumstances, but a new sensor may be required in others.
Owners also report hearing buzzing noises in the dash when driving. The noise’s origin is unclear and can range from belt noises to A/C compressor noises. If you notice unusual noises, it is better to have a professional examine the car.
Another issue that owners have come across over time is paint that is rusting and flaking. Usually, a car’s paint will degrade after being exposed to too much sunshine. The only option, which costs roughly $1,000 each panel, is to repaint the damaged panels.
There are seven recalls, which is typical for a 2012 model. Air bags, load carrying labels, and engine stalling due to an engine control module problem are among the recalled items. The probability of an accident increasing makes the engine stalling the most hazardous.
What kind of car is the 2008 Toyota Corolla?
The 2008 Toyota Corolla offers excellent fuel efficiency and simple handling at a cheap initial cost. Due to some of its rivals’ more distinctive design features and sportier driving characteristics, the Corolla is rated in the center of its class.
How many kilometers are there in a Toyota Corolla?
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.
What are the Toyota Corolla’s worst years?
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.
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Which Toyota Corolla model year is the most dependable?
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.
A Toyota Corolla or a Toyota Camry is superior, right?
Both a stronger engine and a more potent V6 are standard on the Camry. But compared to 2019, the 2019 Toyota Corolla is even more efficient. The cabin of the Camry is larger than the Corolla’s when it comes to accessible cargo capacity.
Why is the value of a used Toyota so high?
The Toyota Innova Crysta is practically depreciation proof and the undisputed king of large MPVs. The Crysta delivers a good automobile resale value and keeps its resale car price extremely well. Due to the intense demand for this MPV, the Toyota Innova’s used car resale value continues to be strong. The car’s potent engine, high level of dependability, plush interior, and simplicity of maintenance are the causes of this high demand. All of these elements help to rank this car as one of the best resale values in India. The Crysta is practically depreciation-proof because it can retain up to 90% of its value even after three years.
How long do Toyota cars maintain their value?
Toyota tops the list of automakers with vehicles that lose 42.3% of their value on average after five years of ownership. This is less than the 49.6% global average.
The reliability of the brand helps Toyota automobiles maintain their value across all vehicle sectors, according to Ly.
Of the 10 vehicles on the list, two, the Dodge and Mitsubishi, depreciate at rates of 51.4% and 51.8% more than the industry average. These are nevertheless greater than the most depreciating automakers, such as Maserati with an average depreciation rate of 66.4% and Buick with an average depreciation rate of 60.1%.
According to Julia Blackley, the study’s author, Dodge and Mitsubishi were included on the list since they continue to score among the top 10 lowest-depreciating brands overall when compared to other automakers.
Continue reading to discover another list of automakers that build low-depreciating cars:
The 2008 Toyota Corolla scores well in crash testsso long as it’s fitted with optional airbags.
If the curtain airbags are ordered, the 2008 Toyota Corolla receives favorable ratings from the government and insurance sector in crash tests.
What issues are there with 2010 Toyota Corollas?
Leading 2010 Toyota Corolla issues
- EVAP System Causing Check Engine Light.
- At high mileages, an automatic transmission may not shift correctly.
- Due to the starter, the vehicle won’t start.
- reports of issues with daytime running lights.
- A dirty mass air flow sensor may be fixed by cleaning.
- In-Distributor Ignition Coil Failure is Possible.
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.