Toyota Corolla Depreciation

A Toyota Corolla will depreciate 40% after 5 years and have a 5 year resale value of $13,046.

The Toyota Corolla does very well in holding its value, and surprisingly, beats out its bigger cousin, the Camry, by quite a bit. Whereas the Camry fall in the middle of the pack in terms of value retention, the Corolla scores in the top 20 in year 5 and 5th place by year 7. This shows that the Corolla provides a great value, whether new or used, and for those on a budget, it is a great economical car which will be light on your wallet or purse, no matter how old it is.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $21,761 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Toyota Corolla Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $4,145 80.95% $17,616 13,500 2021
2 $5,068 76.71% $16,693 27,000 2022
3 $6,346 70.84% $15,415 40,500 2023
4 $7,310 66.41% $14,451 54,000 2024
5 $8,715 59.95% $13,046 67,500 2025
6 $9,507 56.31% $12,254 81,000 2026
7 $10,254 52.88% $11,507 94,500 2027
8 $11,124 48.88% $10,637 108,000 2028
9 $11,690 46.28% $10,071 121,500 2029
10 $13,300 38.88% $8,461 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $4,145 80.95% $17,616
2 $5,068 76.71% $16,693
3 $6,346 70.84% $15,415
4 $7,310 66.41% $14,451
5 $8,715 59.95% $13,046
6 $9,507 56.31% $12,254
7 $10,254 52.88% $11,507
8 $11,124 48.88% $10,637
9 $11,690 46.28% $10,071
10 $13,300 38.88% $8,461

Toyota Corolla Depreciation Calculator

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If you purchase a used Toyota Corolla that is 2 years old, then you could save $5,068 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $3,647. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Corolla models become available.

The Best Model Years to Buy a Toyota Corolla

The 2019 Toyota Corolla is our top pick for the best model year value for the Corolla. With the 2019, you would only pay, on average, 81% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2017 model years are also attractive years for the Corolla, and provide a relatively good value. Our rankings consider multiple factors, including the Corolla's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Toyota Corolla models.

Toyota Corolla Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $21,761 $21,761 $107 $0 0% 100%
2019 $20,484 $16,709 $128 $5,052 23.22% 80.95% Best
2018 $19,344 $15,007 $168 $1,702 10.19% 76.71% Better
2017 $19,290 $13,894 $229 $1,113 7.42% 70.84% Better
2016 $19,013 $12,897 $270 $997 7.18% 66.41% Good
2015 $18,867 $11,662 $351 $1,235 9.58% 59.95% Good
2014 $18,425 $10,875 $499 $787 6.75% 56.31%
2013 $17,091 $9,607 $570 $1,268 11.66% 52.88%
2012 $16,908 $8,882 $617 $725 7.55% 48.88%
2011 $16,691 $8,434 $710 $448 5.04% 46.28%
2010 $17,121 $7,386 $730 $1,048 12.43% 38.88%
2009 $17,025 $6,590 $842 $796 10.78% 33.76%
2008 $14,750 $5,804 $1,000 $786 11.93% 32.57%
Year Price % Paid Value Rank
2020 $21,761 100%
2019 $16,709 80.95% Best
2018 $15,007 76.71% Better
2017 $13,894 70.84% Better
2016 $12,897 66.41% Good
2015 $11,662 59.95% Good
2014 $10,875 56.31%
2013 $9,607 52.88%
2012 $8,882 48.88%
2011 $8,434 46.28%
2010 $7,386 38.88%
2009 $6,590 33.76%
2008 $5,804 32.57%
Our Favorite Toyota Corolla Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.