The original version of the Toyota Corolla was debuted in 1966, making it one of the longest-running automobiles in history. The Toyota Corolla is the world’s best-selling automobile, with more than 44 million units sold as of 2016.
It’s not unexpected, given Toyota’s core values of high-quality manufacture, usability, and low cost. A new era for the lovely cheap vehicle began in the late 1980s and early 1990s, when the renowned Trueno and Levin models became symbols of the emerging street sport of drifting.
With front-wheel drive and more high-tech amenities than other cars in their class, modern Corollas retain their reputation for dependability while also being more modern than their predecessors. The Corolla can be driven almost indefinitely provided it receives regular maintenance and repairs, but there are a few occasions in its life when it’s more cost-effective to buy a newer model.
How Many Miles does a Toyota Corolla Last?
Mileage is the greatest technique to monitor the condition of a vehicle’s components. This holds true for the engine, as well as the tires, brakes, and suspension, as well as the exhaust and electrical systems. In some cases, a component needs to be replaced every 5,000 to 50,000 miles; in others, it can last for hundreds of thousands of kilometers.
In determining a vehicle’s lifespan in miles, it is extremely difficult and unique to each individual owner. Toyota Corollas typically have a mileage range of between 200, 000 and 300, 000 miles, or about 10 years. This estimate accounts for the point at which repairs outweigh, or at the very least considerably impact, a home’s resale value. A timeline of expenses can be created by breaking down the mileages of common maintenance and breakdowns.
Minor Maintenance
Change the air and oil filters every 5,000 to 7,000 miles, and put in new oil. You may be able to perform this yourself within the warranty time, but after that, you’ll have to pay for it. The total cost of your buying and labor will be about $50. This means that you’ll need to set aside $100 per year or two for routine maintenance.
Major Maintenance
An engine failure can occur if the timing chain is allowed to wear down to the point where it can no longer function properly. Every 40, 000 to 100, 000 miles, you should replace the timing chain, as well as the belt rollers, water pump, spark plugs, and so on, to keep this from happening.
Even if these components aren’t beyond repair, replacing them all at once will save you money on labor. The whole cost of maintenance, including all components and labor, might be as high as $1,000. Worse yet, the timing chain will almost certainly not be replaced throughout the warranty term in order to save money on maintenance. As soon as your Corolla leaves the warranty term, the timing chain is at risk of failing, so you’ll need to fix it right away.
Tire Replacement
The way you drive, the weather, and your age all factor into how quickly your tires will wear down. For mileage, they can go up to 50, 000 miles before needing to be replaced at a cost of $50 200 apiece, without work. Your tires should always be in good condition regardless of when you plan to sell your Corolla, so don’t think of this as a cost but rather as an investment in your own safety.
Intermittent Maintenance
It’s possible to tell when some parts are about to fail due to warning indicators they give out. There are no costs lower than $200 for any of the labor or component costs indicated. It’s important to keep in mind that the cost of brake discs and shocks might be astronomical.
Perpetual Maintenance Cycle
Parts break more frequently and cost more to replace as a vehicle ages, and this is true for both new and old parts. The turbocharger, one of the engine sensors, the ECU unit, the remote door locks, the ventilation/climate control compressor, the exhaust system filters, etc., could all be the culprits in this scenario.. In the short term, it’s possible to go a few months or a few years without experiencing any problems.
Value Depreciation
We can talk about the Toyota Corolla’s value decline now that you’re familiar with maintenance charges. It doesn’t matter how well-maintained or how many miles a vehicle has. Resale value is influenced by yearly mileage, but not as much as many think.
Over the course of five years, the value of a car might vary by 5-10 percent for every 1,000 kilometers driven. Since a car’s value has already declined by 45 percent by the time it reaches that stage, sustaining a low mileage isn’t as critical.
Compared to other vehicles, the Toyota Corolla retains its value better than others. In the first year, a new Corolla will lose 20% of its worth, but only 10% by the end of the 4th year, to 70% of its original value. A linear decrease ensues, with the value dropping by half after ten years.
When should I sell a Toyota Corolla?
If you’ve just purchased a new Corolla, I recommend keeping it for at least three to five years. It’ll hold its worth between 74% and 64% longer and make a good trade-in for the newest model. It’s not a bad idea to hold on to it for the long haul. Corolla is expected to lose only 15% of its value between years 5 and 10, bringing the vehicle’s original cost down to half.
A Corolla can be sold at any time after the first five years or 100, 000 miles. Keep an eye out for wear and upcoming issues. If you let your vehicle to become a “perpetual maintenance” vehicle, you’ve already missed out on the opportunity to recoup some of your investment.
When should I buy a Toyota Corolla?
The rules for buying and selling are substantially different. Purchasing a one- or two-year-old Corolla avoids the sharp decrease in value that the previous owner had to deal with. Even though you can’t choose the trim level or extras, you’re receiving a brand new car at a 20% savings. It is possible to find a used Corolla for 65 percent of its original value after the fourth year, and the vehicle is still covered by its guarantee.
For more than the first five years of ownership, there is no actual guarantee of what you’re getting. Current owners are concerned about the loss of value due to periodic repairs, but that isn’t a concern for you. If you acquire a ten-year-old Corolla with a detailed service book and a few important parts previously changed, you’ll pay less than half of the vehicle’s initial worth and be prepared to take on future maintenance.
What Reduces the Lifespan of a Toyota Corolla?
The prior analysis relied on automobiles that had been well-maintained, stored safely, and had not been involved in any collisions or mishaps. The Toyota Corolla’s useful life is drastically reduced if it is subjected to rust or collision damage.
Lack of Maintenance
Neglecting vehicle maintenance is one of the most damaging things you can do to a vehicle. It’s impossible to deny that car maintenance might be expensive, but you need to take it into account before acquiring any vehicle. One of the most cost-effective automobiles on the market is Toyota’s Corolla.
Regardless of how minor or expensive the repair, it must be done in order to avert more significant issues. When it comes to oil changes, a few hundred dollars is a lot of money to lose when it comes to your car’s engine.
Corrosion
At the very least, most Corolla owners live in urban areas where they may park their vehicle on an asphalt or concrete surface. Aside from the fact that parking costs can be prohibitive, an enclosed garage is the greatest technique of protecting a vehicle. Even if a car is well-protected, it will eventually corrode due to the environment, moisture, and salty roads. Investing in a high-quality car cover is an inexpensive method to keep your vehicle dry and warm when the weather turns sour.
Sun Damage
There are two seasons in which cars are most vulnerable to rust: rainy season and winter, and scorching summer days. There are two types of upholstery: those made of fabric or those made of leather, which can both fade. When you’re steering and the car is moving, the plastic bits compress ever so slightly, resulting in an extremely obnoxious noise.
Protecting your automobile’s interior from sunshine damage can be accomplished with the same car cover that you use for winter storage. While a windshield sunshade will take just a few seconds to install and remove on a daily basis, it will make a tremendous difference.
Collision Damage
There are several advantages to modern unibody car construction, including significant weight reduction, improved structural integrity, and better handling properties, but severe impact damage is not one of them. Crumpling zones that have collapsed can be repaired or replaced by an expert metalworker.
Structural integrity and safety will be severely impaired despite the vehicle’s appearance. Although some prefer to repair them and continue driving, despite the risks, a significant collision with a Toyota Corolla should basically end the vehicle’s usability.
FAQs
What is high mileage for a Toyota Corolla?
Considering the quality of the vehicle and Toyota’s reputation for reliability, you can anticipate a properly maintained Corolla to last for 300, 000 miles.
What are the worst years for Toyota Corolla?
Consumer and NHTSA complaints peaked in the 2009 and 2010 model years, leading to the highest number of complaints. The 2009 model had major engine difficulties and safety concerns, while the 2010 model had issues with the steering, the paint, and the brakes.
Summary
With its low purchase and service costs and exceptional reliability, Toyota Corolla is one of the best compact automobiles ever built. You may have found this guide helpful if you’re trying to either purchase or sell a Corolla. Toyota instructions and useful information can be found on our site’s articles.
