How Much is a Corolla Worth, and What Affects Its Value?

November 13th, 2017 by

2017 Toyota Corolla

Value Your Trade

“What is a Corolla worth?” That’s a question the team here at Toyota of Naperville is asked often by drivers from Aurora, Oak Brook, Joliet and beyond. Unfortunately, it’s not an easy question to answer, at least in terms of a definite number. The truth is that a variety of things can affect how much a Corolla is worth, which is why we need to see a vehicle to value it. Of course, we’re always happy to provide an overview.

Average Toyota Corolla Worth by Model Year

Model year is always going to be an important factor, though it isn’t often as important as people think. Just check out the average range of prices for the last ten years of used Toyota Corolla models, as of October 2017:

  • 2007: From $4,722 to $9,895
  • 2008: From $3,989to $8,995
  • 2009: From $2,998 to $9,395
  • 2010: From $4,900 to $10,790
  • 2011: From $6,499 to $10,980
  • 2012: From $8,926 to $12,230
  • 2013: From $7,995 to $14,250
  • 2014: From $11,000 to $16,588
  • 2015: From $9,990 to $17,611
  • 2016: From $11,000 to $18,583
  • 2017: From $12,995 to $20,990

As a general rule, prices rise as you move to the newest Toyota Corolla, but that progression isn’t as steady as you might suppose. The reason? A variety of factors can change a vehicle’s value.

2017 Toyota Corolla

2017 Toyota Corolla iM

What Can Improve a Vehicle’s Value?

  • Keeping to recommended service intervals and preserving the documentation for each visit.
  • Keeping upholstery clean and paint undamaged
  • Having fewer miles on the odometer.
  • Driving a more respected or popular model from a well-known brand.
  • Having the latest features or upscale fittings.

What Can Reduce a Vehicle’s Value?

  • Any scratches, dents, or dings.
  • Mechanical problems, especially with the engine, transmission, or suspension.
  • Signs of poor maintenance, such as worn brake pads or burnt-out headlights.
  • Signs you’ve smoked inside the cabin.

2017 Toyota Corolla iM

2017 Toyota Corolla

Contact Toyota of Naperville to Find Out What Your Corolla is Worth

Whether you’d like to trade in your Toyota Corolla or have found yourself interested in a model from our extensive used inventory, it’s natural to seek out the true value. We’re always happy to help, so contact us today to find out more. If you’re interested in buying, start the process from the comfort of your own home using our online financing application.

Posted in Car Buying, Corolla