Toyota Corolla Resale Value and Depreciation
See how much the Toyota Corolla depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Toyota Corolla depreciates 28.4 percent after five years, resulting in a resale value of $16,697. In comparison, the compact car category, which the Toyota Corolla belongs to, loses 30.5 percent of its value after five years. For further context, the five-year depreciation for all sedans is 40 percent and for all vehicles is 41.7 percent.
If you plan to drive a new Toyota Corolla for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Toyota Corolla sees a depreciation of 9.3 percent with a resale value of $21,160. Its 7-year depreciation is 36 percent and 10-year depreciation is 47.6 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Toyota Corolla depreciates 28.4 percent after five years, resulting in a resale value of $16,697. In comparison, the compact car category, which the Toyota Corolla belongs to, loses 30.5 percent of its value after five years. For further context, the five-year depreciation for all sedans is 40 percent and for all vehicles is 41.7 percent.
If you plan to drive a new Toyota Corolla for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Toyota Corolla sees a depreciation of 9.3 percent with a resale value of $21,160. Its 7-year depreciation is 36 percent and 10-year depreciation is 47.6 percent.
Toyota Corolla Depreciation After 3, 5, 7 and 10 Years
Toyota Corolla Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.0928086261 |
2164.7612037825 |
0.9071913739 |
21160.2387962175 |
|
5 Years |
0.284157884 |
6627.9826443 |
0.715842116 |
16697.0173557 |
|
7 Years |
0.3601701453 |
8400.9686391225 |
0.6398298547 |
14924.0313608775 |
|
10 Years |
0.4763841235 |
11111.6596806375 |
0.5236158765 |
12213.3403193625 |
Toyota Corolla Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Toyota Corolla |
0.0928086261 |
0.284157884 |
0.3601701453 |
0.4763841235 |
|
All Compact Cars |
0.1205238891123875 |
0.3054385258293898 |
0.4123944351228412 |
0.5402496786301824 |
|
All Sedans |
0.242806461102629 |
0.3998757313826054 |
0.5076429493206805 |
0.6362355787814005 |
|
All Cars |
0.2479009430045714 |
0.4169516770977099 |
0.5250555738469359 |
0.6511538004448022 |
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Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.