What is the Current Resale Value of a Toyota Corolla?
While the car industry is slowing down and used car prices are becoming much more reasonable, many vehicle owners are still searching for a fast way to get cash. If you’re trying to make a quick buck, you may be planning on selling your Toyota Corolla or applying for a car title loan in the near future. Regardless of your decision, it is highly recommended that you learn more about the current resale value of your vehicle before taking any action.
You can use a few different websites to learn more about the resale value of your Toyota Corolla, including:
- NADA
- Kelley Blue Book
- Edmunds
These websites are known for their vehicle valuation tools, and you can use them to obtain an estimate of the market value of your Toyota Corolla! In general, the car’s age, mileage, and overall condition are the main factors that determine the resale value of a car.
Additionally, you can visit the ChoiceCash website and use the title loan calculator to obtain an estimate of the current value of your Toyota Corolla. You can also receive a loan quote through the calculator with no obligation!1 Call 855-422-7402 to speak with a ChoiceCash title loan representative and apply for a title loan on the value of your Toyota Corolla.1
How Much Can I Get Through a Title Loan on a Toyota Corolla?
You can typically access anywhere from 25%-50% of your sedan’s total value if you are eligible for a car title loan on a Toyota Corolla.1
In the table below, we have provided a few different estimated loan amounts for different model years of Toyota Corollas. You can use this table as a guide to learn more about the amount you could potentially receive if you qualify for a ChoiceCash title loan serviced by LoanMart:1
| Make | Model | Year | Avg. Mileage | Avg. Loan |
|---|---|---|---|---|
| Toyota | Corolla | N/A | 126,656 | $4,452 |
| Toyota | Corolla | 2003 | 299,999 | $2,500 |
| Toyota | Corolla | 2004 | 175,539 | $1,879 |
| Toyota | Corolla | 2005 | 178,695 | $1,933 |
| Toyota | Corolla | 2006 | 136,022 | $2,132 |
| Toyota | Corolla | 2007 | 174,623 | $2,249 |
| Toyota | Corolla | 2008 | 179,916 | $2,475 |
| Toyota | Corolla | 2009 | 154,150 | $2,431 |
| Toyota | Corolla | 2010 | 154,389 | $2,768 |
| Toyota | Corolla | 2011 | 151,367 | $3,019 |
| Toyota | Corolla | 2012 | 128,680 | $4,188 |
| Toyota | Corolla | 2013 | 139,063 | $4,303 |
| Toyota | Corolla | 2014 | 122,392 | $4,909 |
| Toyota | Corolla | 2015 | 115,312 | $5,267 |
| Toyota | Corolla | 2016 | 99,895 | $6,583 |
| Toyota | Corolla | 2017 | 92,587 | $6,506 |
| Toyota | Corolla | 2018 | 74,283 | $7,163 |
| Toyota | Corolla | 2019 | 38,643 | $5,700 |
| Toyota | Corolla | 2020 | 35,072 | $8,559 |
| Toyota | Corolla | 2021 | 54,787 | $4,629 |
| Toyota | Corolla | 2022 | 27,707 | $9,842 |
This table is meant to be a guide, so keep in mind that the total amount that you could qualify for through a ChoiceCash title loan on a Toyota Corolla may differ from the average that is listed on the table.1 The easiest way to find out the title loan value of a Toyota Corolla is to fill out the prequalification form on the ChoiceCash website or call a title loan agent at 855-422-7402!1
Can I Maintain the Current Value of My Toyota Corolla?
Yes, it is possible to maintain the current value of your Toyota Corolla – all you will need to do is follow a few car maintenance tips and tricks! Here are a few tips you can keep in mind if you want to keep your Toyota Corolla in good condition and maintain its current value:
- Don’t Skip an Oil Change: While it can be a hassle to drive your car to the nearest Jiffy Lube, it is important! Don’t skip your regular oil changes, and make sure to keep up with regular car maintenance in order to maintain the current condition of your car.
- Keep the Paint Clean: Generally, a car that is in good condition will not have a lot of rust spots on it, so make sure to wash and wax your car regularly! One of the best ways to avoid rust on your car is to keep it in your garage and out of the elements.
- Drive Responsibly: If you slam on the brakes constantly and have terrible driving habits, you could put a lot of unnecessary wear and tear on your car!
Does the Toyota Corolla Hold Its Value?
Typically, yes! The Toyota Corolla is known for being an affordable, high-quality sedan that holds its value over time. Some of the factors that contribute to the Toyota Corolla’s ability to hold its value are its market demand and reliability. Vehicles that are affordable and require less maintenance are more appealing to consumers, so the Toyota Corolla is an ideal option for many buyers.
What is the Best Year to Buy a Toyota Corolla?
It depends on who you ask! The perfect car for you will be the one that fits your specific needs, budget, and preferences as a buyer. However, it can be smart to purchase the newest model you can afford with the lowest mileage. The 2023 Toyota Corolla starts at $21,550, but you can usually purchase a used 2010 Toyota Corolla for a little over $16,000.
Where Can I Borrow Against the Value of a Toyota Corolla?
You can unlock the value of your Toyota Corolla today by applying for a title loan! If you have a title to a qualifying car in your name, you can pledge it as collateral for a title loan.1 With ChoiceCash title loans serviced by LoanMart, you can apply for the emergency cash you need online or over the phone today!1
It can be simple and convenient to find out if you qualify for instant pre-approval. Visit the FAQ page or call 855-422-7402 to speak with a ChoiceCash title loan representative and learn more about the title loan value of your Toyota Corolla!1
