How much does a Toyota Corolla 2018 cost?
The 2018 Toyota Corolla is a popular choice among compact cars, known for its reliability, fuel efficiency, and affordability. If you're considering purchasing this model, understanding its cost is essential. In this article, we will explore the various factors that influence the price of a 2018 Toyota Corolla, including market trends, condition, and location.
Factors Influencing the Price
The price of a used 2018 Toyota Corolla can vary significantly based on several factors:
- Condition: The overall condition of the vehicle, including mileage, maintenance history, and any previous accidents, plays a crucial role in determining its value.
- Trim Level: The Corolla comes in various trim levels, such as the L, LE, XLE, SE, and XSE, each offering different features and amenities that can affect the price.
- Location: Prices can vary by region due to demand and availability. Urban areas may have higher prices compared to rural locations.
Purchase Price
The 2018 Toyota Corolla has a starting MSRP (Manufacturer's Suggested Retail Price) of $18,700 for the base L trim level. However, the actual purchase price can vary depending on factors such as location, dealer incentives, and any additional features or packages added to the vehicle.
Fuel Costs
The 2018 Toyota Corolla is known for its excellent fuel efficiency, with an EPA-estimated 28 miles per gallon (mpg) in the city and 36 mpg on the highway for the base model. Assuming an average fuel price of $3.50 per gallon and an annual mileage of 12,000 miles, the estimated annual fuel cost for a 2018 Toyota Corolla would be around $1,200.
Maintenance and Repairs
The 2018 Toyota Corolla is a reliable and well-built vehicle, but like any car, it will require regular maintenance and occasional repairs. Here are some typical maintenance and repair costs for a 2018 Toyota Corolla:
- Oil changes: Approximately $30-$50 every 5,000-10,000 miles
- Tire rotations: Approximately $20-$40 every 5,000-10,000 miles
- Brake pad replacements: Approximately $200-$400 every 30,000-50,000 miles
- Timing belt replacement: Approximately $500-$800 every 60,000-100,000 miles
- Unexpected repairs: Costs can vary widely depending on the issue, but a good estimate is $500-$1,000 per year
Based on these estimates, the annual maintenance and repair costs for a 2018 Toyota Corolla can range from $700 to $1,500 on average.
Insurance Costs
The cost of insurance for a 2018 Toyota Corolla will depend on various factors, such as your age, driving record, location, and the coverage levels you choose. However, as a general estimate, the average annual insurance cost for a 2018 Toyota Corolla is around $1,200.
Total Cost of Ownership
Combining the purchase price, fuel costs, maintenance and repairs, and insurance, the total cost of owning a 2018 Toyota Corolla for the first five years can be estimated at $30,000 to $35,000. This figure can vary depending on your individual driving habits, location, and other factors, but it provides a general idea of the financial commitment required to own a 2018 Toyota Corolla.
Frequently Asked Questions
How much should I put down on a Toyota Corolla?
20 percent
To get the best rate when financing a car, many lenders will want you to come up with 20 percent of the car's value as a down payment to get the best rate (though no-money-down car loans are available).
Is 2018 Toyota Corolla a reliable car?
As a whole, consumers found the vehicle's reliability and value to be its strongest features and performance to be its weakest. 148 out of 225 of owners (66% of them) rank the 2018 Corolla five out of five stars. Overall, consumers seem aligned in their opinions of the 2018 Toyota Corolla.
How much did a Toyota Corolla cost in 2017?
2017 Toyota Corolla Pricing
Original MSRP KBB Fair Purchase Price (national avg.) LE Sedan 4D $19,820 $10,974 LE Eco Sedan 4D $20,220 $12,263 SE Sedan 4D $21,330 $12,040 XLE Sedan 4D $22,710 $12,669
Why was the Corolla discontinued?
Internationally, the Toyota Corolla has enjoyed a lot of success and is, in fact, the best selling sedan in the world. The twelfth-gen model was also planned to be brought in the Indian market. But Toyota has axed this idea due to poor sales.
What is the highest price for a Corolla?
Toyota Corolla Altis price starts at Rs. 16.46 Lakh and goes upto Rs. 20.20 Lakh.
What is the price of a Toyota Corolla 2018?
2018 Toyota Corolla Pricing
Original MSRP KBB Fair Purchase Price (national avg.) L Sedan 4D $19,520 $11,558 LE Sedan 4D $19,955 $12,082 LE Eco Sedan 4D $20,355 $13,188 SE Sedan 4D $21,465 $12,934
What is the average price of a Toyota Corolla?
Update chart
Year Avg Price 30 days 2021 Corolla $18,082 -1.1% 2022 Corolla $19,272 -1.3% 2023 Corolla $20,569 +0.0% 2024 Corolla $22,385 -0.1%
What is the price of the Toyota Corolla 2018 model?
Toyota Corolla Altis Key Specifications
Price ₹ 16.46 - 20.20 Lakh Fuel Type Petrol, Diesel Transmission Manual, Automatic (CVT) Engine Size 1798 cc, 1364 cc Mileage 16.7 - 21.3 km/l
Do Toyota Corollas hold their value?
Corollas hold their value exceptionally well in the used car market. Their reputation for reliability and low cost of ownership makes them a sought-after choice, ensuring strong resale value even after several years.
How much should I pay for a Corolla?
2023 Toyota Corolla MSRP and Invoice Price
Trims MSRP Edmunds Suggested LE Most Popular $22,795 $21,392 SE $25,235 $23,672 XSE $27,945 $26,122
