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Toyota Corolla Loan Calculator

Our Loan Calculator display shows you how your Toyota Corolla loan balance compares to the ongoing value of your vehicle. With financing, each monthly payment will reduce the balance of your loan. Unfortunately, during this same period, your vehicle's resale value will decline as well. The purpose of this tool is to show you how you can finance your Corolla to ensure that your loan balance declines faster than the value of your vehicle.

With your results below, the goal is to have the shaded area be entirely green. This likely means that the value of your vehicle will always be greater than your loan balance. If you see yellow or red, your loan balance at some point will be at or above the value of your vehicle. You want to avoid this as we describe here. For the best financial outcome, adjust your loan terms, or choose a vehicle that doesn't depreciate as rapidly. We've also created a video that explains these scenarios and demonstrates the loan calculator.

Toyota Corolla Loan Calculator

Vehicle Price
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Trade-In / Down Payment
$
Interest Rate
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Credit Score
Loan Period
Sales Tax Rate
%
Model Year
Expected Annual Mileage
tip: Update the price if you change the model year.      reset this form
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Projected Resale Value
Loan Balance Exceeds Resale Value
Loan Balance Near Resale Value
Loan Balance Below Resale Value

Toyota Corolla Projected Resale Value vs Loan Balance

Year Resale Value Loan Balance Difference
0 $24,275 $19,420 +$4,855 (20%)
1 $22,869 $16,556 +$6,313 (28%)
2 $20,634 $13,550 +$7,084 (34%)
3 $20,148 $10,400 +$9,748 (48%)
4 $19,663 $7,097 +$12,566 (64%)
5 $19,177 $3,633 +$15,544 (81%)
6 $18,692 $0 +$18,692 (100%)

Toyota Corolla Monthly Payment

Loan Term 72 Months
APR 4.75%
Paid in Full Apr, 2030
$310.51
Total Principal $19,420
Total Interest $2,937
Total Cost of Loan $22,357
$310.51
Loan Term 72 Months
APR 4.75%
Paid in Full Apr, 2030
Total Principal $19,420
Total Interest $2,937
Total Cost of Loan $22,357

Toyota Corolla Loan Amortization

Month Interest Principal Balance
May, 2024 $76.87 $234.00 $19,186.00
Jun, 2024 $75.94 $235.00 $18,951.00
Jul, 2024 $75.01 $235.00 $18,716.00
Aug, 2024 $74.08 $236.00 $18,480.00
Sep, 2024 $73.15 $237.00 $18,243.00
Oct, 2024 $72.21 $238.00 $18,005.00

This Toyota Corolla is expected to lose $5,583 of its resale value during the 72 months of this loan. Check out our Toyota Corolla Depreciation Calculator for a detailed analysis of the Corolla's past and expected future depreciation. This user-friendly tool allows you to interactively see how well the Corolla has, and will continue to, hold its value, during your specific ownership period. It will even suggest to you the best Corolla model years to buy to get the best value.

Other Toyota Corolla Costs of Ownership


Finding a car or truck that saves on financing costs is important. But, it's also imperative to view all major Toyota Corolla costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses:

Used Toyota Corollas For Sale

2016 Toyota Corolla S

2016 Toyota Corolla S

Mileage: 81,197
Mileage: 81,197     Price: $12,999
Location: Orlando, FL ~ 1 miles away
Dealer: Sprockets Speed Shop Llc
Days on Market: 600
Colors (ext/int): WHITE / BLACK

$12,999


2024 Toyota Corolla LE

2024 Toyota Corolla LE

Mileage: 2,032
Mileage: 2,032     Price: $22,900
Location: Orlando, FL ~ 1 miles away
Dealer: Bmc Auto Sales
Days on Market: 44
Colors (ext/int): BLUE / BLACK

$22,900


2021 Toyota Corolla LE

2021 Toyota Corolla LE

Mileage: 47,650
Mileage: 47,650     Price: $18,690
Location: Orlando, FL ~ 1 miles away
Dealer: Live Car
Days on Market: 158
Colors (ext/int): WHITE / GRAY

$18,690