Estimated value by year
New
$22,550
MSRP
1 yr
$18,266
-19%
2 yrs
$16,687
-26%
3 yrs
$15,334
-32%
5 yrs
$13,079
-42%
10 yrs
$8,569
-62%
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Full Depreciation Table — Toyota Corolla
Based on base MSRP of $22,550. Actual values vary by trim, mileage, condition, and region.
| Year | Age | Depreciation | 🤝 Trade-In | 🧑 Private Sale | 🏢 Dealer Retail |
|---|---|---|---|---|---|
| 2026 (New) | 0 yrs | -0% | $19,618 | $22,550 | $25,256 |
| 2025 | 1 yr | -19% | $15,891 | $18,266 | $20,457 |
| 2024 | 2 yrs | -26% | $14,518 | $16,687 | $18,689 |
| 2023 | 3 yrs | -32% | $13,341 | $15,334 | $17,174 |
| 2022 | 4 yrs | -37% | $12,360 | $14,206 | $15,911 |
| 2021 | 5 yrs | -42% | $11,379 | $13,079 | $14,648 |
| 2020 | 6 yrs | -46% | $10,594 | $12,177 | $13,638 |
| 2019 | 7 yrs | -50% | $9,809 | $11,275 | $12,628 |
| 2018 | 8 yrs | -54% | $9,025 | $10,373 | $11,618 |
| 2017 | 9 yrs | -58% | $8,240 | $9,471 | $10,608 |
| 2016 | 10 yrs | -62% | $7,455 | $8,569 | $9,597 |
Cost per year
$1,714
avg annual loss
Sweet spot buy
2–3 yrs old
$15,334 saves $7,216
Value at 10 yrs
$8,569
62% of value gone
Key Specs — Toyota Corolla
Category
Sedan
Base MSRP
$22,550
5-Year Depreciation
38%
vs Category Avg
8% better than average
Expected Lifespan
150,000–200,000 miles
Best Used Buy Age
2–3 years old
Should you buy a used Toyota Corolla?
The sweet spot for buying a used Corolla is 2 to 3 years old. At that age you can save approximately $7,216 off the new price while still getting a relatively modern vehicle. The steepest depreciation happens in the first 1-2 years, so letting someone else absorb that loss is a smart financial move.
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