Value of a 2007 Toyota Corolla: $1,6426,387 | Edmunds.
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How far can a 2007 Toyota Corolla go?
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.
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.
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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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.
Which Corolla model year is best?
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.
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!
The Toyota Corolla is dependable.
The Toyota Corolla has a 4.5 out of 5.0 reliability rating, which places it first among 36 compact automobiles. Its great ownership costs are reflected in the $362 average yearly repair cost. Major problems are rare for the Corolla because to the low severity of repairs and average frequency of those problems.
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.
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 are used Toyota cars priced?
It is stated that as soon as a car leaves the dealership, it loses 10-15% of its value. The vehicle’s value continues to decline over time, which depends on a number of different circumstances. According to Toyota Kirloskar India, even after five years of use, Toyota cars can retain up to 68% of their original value. This indicates that Toyota vehicles keep a high value even after many years of ownership and that their resale value is higher than the market average. Let’s find out if this is the case or not. But first, have a look at the TV commercial below, in which Toyota asserts that even five years later, its cars still retain 68% of their worth.
When it comes to the Toyota model portfolio in India, the Etios hatchback is the manufacturer’s most economical vehicle, and luxury SUVs like the Land Cruiser round out the list. The Toyota Innova Crysta is the Japanese manufacturer’s best-selling car and is very well-liked in India. Here are a few examples of the most popular Toyota models that, even after five years of ownership, have maintained close to the advertised amount of resale value.
What does the LE on a Toyota Corolla stand for?
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.
What exactly does Corolla CE mean?
Let’s define certain vehicle trims and some terms with this knowledge in mind.
Although there may be differences across automakers, we would recommend sticking with Toyota since it is the most widely used brand in Nigeria. It is undoubtedly the one you would encounter more frequently:
- Toyota refers to its base or entry-level model as the CE, or classic edition, which stands for the term. Therefore, there would be standard air conditioning, power-adjustable side mirrors, and a CD stereo for a Corolla 2007 CE, which is fairly popular in Nigeria. We would observe that higher trim cars will have more features. Take notice that some entry-level trims are also identified by the letter “L.”
- Extra Luxury Edition, or XLE. You can tell this style of trim offers much more by its name. You would receive all the features of the luxury edition as well as the regular features, and all the extra features for the model would come as standard on the XLE. Therefore, some optional amenities in the Corolla, for example, include a sunroof, cruise control, and electroluminescent instruments. (Note that there is no XLE edition of the 2007 Toyota Corolla. This is merely an illustration. Therefore, if an XLE was going to exist, all of these qualities would be included. They are all options in other lesser trims, therefore you have to spend extra to receive them.
- Sports Edition, abbreviated SE. This trim level of vehicles is built to be quicker and more maneuverable. The Corolla 2007 S model is no exception to the rule that they handle better. Power door locks, interior chrome trim, front and rear underbody spoilers, and rocker panels are among its other features. Some models would only refer to theirs as a “S.”
- Luxury Edition, or LE. It contains more features in addition to the classic edition’s usual ones. It is the highest trim level for some cars, the lowest for others. It is the highest for the Corolla 2007, and its extra amenities include power windows, keyless entry, and electroluminescent power instruments. Compared to other models, which only come in 6 or 7, it offers more color options and more comfy chairs.
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.