Does a Toyota Corolla cross hold its value?
The Toyota Corolla Cross, a compact crossover SUV, is known for its reliability and practicality. But when it comes to resale value, how well does this vehicle hold up over time? In this article, we'll explore the factors that influence the Corolla Cross's ability to retain its value and provide a comprehensive answer to the question.
Factors Affecting Resale Value
The resale value of a vehicle is influenced by several factors, including the make, model, age, mileage, and overall condition of the car. Additionally, market demand, economic conditions, and the availability of similar vehicles can also play a role in determining a car's resale value.
Toyota Corolla Cross Resale Value
The Toyota Corolla Cross is a relatively new model, having been introduced in 2021. As a result, there is limited data available on its long-term resale value. However, based on industry trends and the reputation of the Toyota brand, the Corolla Cross is expected to hold its value well over time.
According to industry experts, the Toyota Corolla Cross is projected to retain around 60-65% of its original value after three years of ownership. This is a strong performance compared to many other compact crossover SUVs, which typically see a steeper decline in resale value during the first few years of ownership.
The Corolla Cross's reputation for reliability, durability, and Toyota's history of producing vehicles with excellent resale value contribute to its ability to hold its value. Additionally, the compact crossover segment is in high demand, which can help maintain the Corolla Cross's resale value.
Comparison to Other Compact Crossovers
When compared to other compact crossover SUVs, the Toyota Corolla Cross stands out for its strong resale value. For example, the Honda CR-V, a popular competitor in the segment, is estimated to retain around 55-60% of its value after three years. The Subaru Outback, another contender, is projected to retain around 50-55% of its value over the same time period.
The Corolla Cross's ability to outperform many of its competitors in terms of resale value can be attributed to the Toyota brand's reputation for reliability and the vehicle's practical, no-frills design that appeals to a wide range of buyers.
Conclusion
In conclusion, the Toyota Corolla Cross is expected to hold its value well over time, with industry experts projecting it to retain around 60-65% of its original value after three years of ownership. This strong resale value is a testament to the vehicle's reliability, durability, and the Toyota brand's reputation for producing high-quality, long-lasting vehicles. When compared to other compact crossover SUVs, the Corolla Cross stands out as a solid choice for those looking to maximize their investment in a new vehicle.
What is the biggest problem with the Toyota Corolla?
Toyota Corolla oil leak/excessive oil use
While it's possible for any model of car to experience an oil leak at some point, the Toyota Corolla Versa has been known to have a particular problem with frequent oil leaks. Additionally, some Corolla drivers have reported excessive oil use from their Corolla models.
Is Corolla Cross a good car to buy?
Yes, the 2025 Corolla Cross is a good subcompact SUV. It gets great fuel economy, has a comfortable ride and offers a lot of storage for the class. While it's not exciting, it's perfectly functional and makes for a reliable daily driver and family hauler. Available all-wheel drive adds even more practicality.
Which hybrid SUV holds its value the best?
Best Resale Value Plug-in Hybrid SUVs (PHEV)
- Jeep Wrangler Unlimited (Plug-in Hybrid): 72.2%
- Jeep Wrangler (Plug-in Hybrid): 69.5%
- Subaru Crosstrek (Plug-in Hybrid): 68.9%
- Toyota RAV4 Prime: 65.6%
- Dodge Hornet (Plug-in Hybrid): 60%
What is the weakness of the Toyota Cross?
2025 Toyota Corolla Cross Performance Review. The 2025 Corolla Cross isn't a thrilling performer — or even a middling one for that matter. The Toyota functions without issue as a daily driver, but it has an anemic engine, an unimpressive transmission and dull driving dynamics.
Does the Toyota Corolla have a good resale value?
Corollas are one of those cars that traditionally have a high resale value. The reputation, availability of parts, and popularity make it an un-demand used car for both private buyers and dealers, so you're in a good position to list it for sale and get a lot more than you would trading it in.
What is the residual value of the Toyota Corolla Cross?
A 2024 Toyota Corolla Cross LE has a 5-year cost-to-own of $39,405. After 5 years a 2024 Corolla Cross LE will depreciate $14,664 and have a residual value of $12,876. During this time out-of-pocket expenses are expected to total $24,741.
What is the life expectancy of the Toyota Corolla Cross?
200,000 miles
Having said that, the Corolla Cross is designed to last up to 200,000 miles or more with proper maintenance, so a used model with low mileage can still offer many years of reliable service. The considerations for the Corolla Cross PHEV version are slightly different.
Do Toyota Corolla crosses hold their value?
After three years, an Toyota Corolla Cross sees a depreciation of 19.3 percent with a resale value of $19,248. Its 7-year depreciation is 44.7 percent and 10-year depreciation is 57.6 percent. Depreciation is the single largest factor in the cost of owning a vehicle.
Which car brand has the highest resale value?
10 Best Resale Value Cars In India
- Honda City. The Honda City is a great resale value car due to its reliable engine, spacious interior, and excellent fuel economy.
- Mahindra Scorpio.
- Maruti Suzuki Swift Dzire.
- Toyota Innova Crysta.
- Hyundai i20.
- Maruti Wagon R.
- Maruti Swift.
- Maruti Baleno.
Which Toyota models have the best resale value?
The high resale value of the Tacoma, Tundra, and 4Runner emphasizes their durability and longevity, so you know you can count on your new-to-you auto for years to come.
