What Is The Value Of A 2016 Toyota Corolla?

The 2016 Toyota Corolla costs how much. The typical price for a used 2016 Corolla is $14,100. Based on more than 4,100 postings for this small sedan on our used car website, that estimate was created. Prices for 2016 Corollas should range from $11,400 to $17,000 because there are many trim levels available.

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.


What is the maximum mileage for a 2016 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.

Does the 2016 Toyota Corolla have a recall?

Toyota Corolla recalls for 2016 The National Highway Traffic Safety Administration has issued one safety recall involving Toyota Motor Engineering & Manufacturing (Toyota) vehicles for model years 2011 through 2019 Corolla, 2011 through 2013 Matrix, 2012 through 2018 Avalon, and 2013 through 2018 Avalon Hybrid.

What issues might there be with a 2016 Toyota Corolla?

Compared to other small sedans, complaints are lower. Poor brakes, airbags that might not deploy, and sporadic loss of steering control are all issues with the 2016 Corolla. The most common complaints Corolla owners have are brake issues, particularly grinding noises.

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.

Do Toyota vehicles have a high rate of resale?

One of the most crucial things to think about when purchasing a new car is the depreciation of the vehicle. While some used automobiles retain their worth rather well, others see a sharp decline in value as soon as the wheels leave the forecourt. Toyota is one of the greatest automakers for resale value, with returns ranging from 50% for base models to up to 70% for high-end versions. What accounts for their high resale value?

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.

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.

Do Toyota Corollas have issues with their transmissions?

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.

How far will a Toyota Corolla drive?

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.

How frequently should a 2016 Toyota Corolla have its oil changed?

For traditional oil, Toyota advises changing your 2016 Toyota Corolla’s oil and filter every 3,000 to 5,000 miles. One of the most essential and practical procedures for your car is an oil change. Typically, synthetic oil needs to be changed every 7,500 to 10,000 miles.

Are Toyota Corollas dependable vehicles?

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.

Is the 2016 Toyota Corolla a trustworthy automobile?

My most dependable vehicle Even though this car is LE, it had everything I needed, like a power mirror, touch screen, rear camera, and steering wheel buttons. dependable, efficient with petrol. This Toyota is well recognized for its dependability.

Corolla CVT transmissions are they dependable?

The 2019 Corolla is rated as being quite dependable by the Automobile Protection Association, with low anticipated operating expenses and strong resale value (we haven’t seen the 2020 model yet, but it will probably receive the same assessment).

Is the 2017 Corolla a reliable vehicle?

How Reliable Is the 2017 Toyota Corolla Used Car? The 2017 Toyota Corolla is a reliable used small car, yes. Although its handling and acceleration are lacking, it more than makes up for this with good fuel economy estimates, a premium cabin, and a wealth of standard modern safety equipment.

Which Toyota has the best value retention?

One of the many reasons Toyota vehicles retain their value for such a long time is their reputation for dependability. Check out these highly coveted Toyota models that have won awards!

Toyota 4Runner

Purchasing a car is one of the biggest expenditures you’ll ever make, so you obviously want to get one that will retain its worth properly. Since Toyota received one of Kelley Blue Book’s two 2018 Best Brand Awards, you can have confidence in its resale value. When sold 36 months after purchase, the 2018 Toyota Tacoma has the best resale value, with an almost astounding 69.6% value. It comes as no surprise that this model has the highest resale value given its versatility and effectiveness. The 4Runner and Tundra also reached the top 10 list because to outstanding resale value, even after 60 months. So, if you’re looking for a car that will hold its value, think about buying one of these three Toyota models.

Which automaker offers the best resale value?

Top 10 Indian vehicles with the Highest Resale Value

  • Swift by Maruti Suzuki.
  • Innova by Toyota.
  • EcoSport by Ford.
  • Suzuki Wagon R by Maruti.
  • Grand i10 Hyundai
  • Nissan City.
  • Scorpio from Mahindra.
  • Creta by Hyundai.

Do Toyotas lose value over time?

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: