Toyota Corolla Cost of Ownership
Toyota Corolla is one of America’s most beloved vehicles. And it’s little wonder. Corolla consistently provides high value at a surprisingly affordable price. New for 2017, we’ve given Corolla a fresh look, inside and out, with an updated interior featuring premium comforts. It’s all part of the celebration surrounding the 50-year anniversary of Corolla; the best-selling nameplate in the world.
Loyal fans will be glad to know we’ve released the 50th Anniversary Special Edition. With special badging inside and out, and unique 17-inch alloy wheels, this model declares your pride in owning and driving Toyota Corolla.
But, no matter the model or trim you choose, you’ll always get Corolla’s advanced technology, including handy new steering wheel-mounted controls. Access your music, phone, and select new Toyota Safety Sense™ P (TSS-P) features, without ever lifting a hand. And the technology doesn’t end there. With Corolla, you now get integrated backup camera, standard. We also offer available Multi-Information Display, with multiple readouts so you can track everything from incoming calls, to current fuel economy, and more.
There’s far more to the true cost of owning and operating a vehicle than initial sticker price. Gas mileage, insurance, resale value, and maintenance and repairs costs are all factors that determine ultimate cost of ownership. To assess a car’s true costs—and value—it’s helpful to look ahead five years. Corolla has been among America’s best-selling vehicles for well over five years, so we’re able to estimate long-term cost of ownership with confidence.
For example, consider that according to independent sources, up to 90% of Corollas are still on the road, a full ten years after initial purchase. That speaks to Corolla’s reliability and remarkable durability—and indicates owners’ unwavering satisfaction. We’ve also taken the time to compare Corolla with some of its closest competitors. For example, consider the Toyota Corolla SE versus the Ford Focus SE.
Both cost about the same initially. But in the long run the Ford will actually cost considerably more to own and operate: As much as $2,800 more. As you can see, there’s more to the true cost of owning and operating a vehicle than initial sticker price. But what about other close competitors? In projected five-year cost-of-ownership comparisons, Toyota Corolla SE also comes out ahead against Honda Civic LX, Hyundai Elantra SE, and Chevy Cruz LS. That’s a lot of potential savings by choosing America’s favorite car.
Toyota Corolla L: $18,500 MSRP
Toyota Corolla LE: $18,935 MSRP
Toyota Corolla LE Eco: $19,335 MSRP
Toyota Corolla XLE: $21,825 MSRP
Toyota Corolla SE: $21,665 MSRP
Toyota Corolla XSE: $22,680 MSRP