What is the value of a 2021 Toyota Corolla?
The 2021 Toyota Corolla is a compact sedan that has long been a popular choice for its reliability, fuel efficiency, and affordability. But what is the actual value of a 2021 Corolla in today's market? Let's take a closer look.
Factors Affecting the Value of a 2021 Toyota Corolla
The value of a 2021 Toyota Corolla can vary depending on several factors, including:
- Mileage: Vehicles with lower mileage tend to have higher resale values.
- Condition: Well-maintained Corollas in good condition will be worth more than those with significant wear and tear.
- Location: Prices can vary depending on the local market and demand in a particular region.
- Trim Level: Higher-end Corolla trims, such as the XSE or XLE, will typically have a higher value than the base L or LE models.
- Year of Manufacture: Newer 2021 Corollas will generally have a higher value than older models from previous years.
These factors all play a role in determining the fair market value of a 2021 Toyota Corolla.
Typical Resale Values for a 2021 Toyota Corolla
According to Source, the average resale value for a 2021 Toyota Corolla in good condition can range from around $15,000 for a base model with high mileage to $20,000 or more for a low-mileage, higher-trim Corolla. Source notes that the exact value will depend on the specific vehicle's condition, options, and location.
It's important to research the current market prices in your area to get a more accurate estimate of the value of a particular 2021 Corolla you may be considering buying or selling.
Conclusion
The 2021 Toyota Corolla is a reliable and affordable compact sedan that holds its value well over time. Factors like mileage, condition, trim level, and location all play a role in determining the fair market value of a 2021 Corolla. By understanding these factors, you can make a more informed decision when buying or selling a 2021 Toyota Corolla.
How much is a Toyota Corolla worth today?
6Edmunds Appraisal Report
driven per year, with no color or options selected. 2022 Toyota Corolla trade-in prices range from $13,209 - $26,195. Get a more accurate value for your car with the Edmunds appraisal tool.
What is the retail for a 2021 Toyota Corolla?
2021 Toyota Corolla Pricing
| Original MSRP | KBB Fair Purchase Price (national avg.) | |
|---|---|---|
| LE Sedan 4D | $21,470 | $17,004 |
| SE Sedan 4D | $23,470 | $17,753 |
| SE Nightshade Edition Sedan 4D | $24,170 | $17,567 |
| XLE Sedan 4D | $25,420 | $18,489 |
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 |
Is a Corolla expensive?
Pricing and Which One to Buy
The price of the 2025 Toyota Corolla starts at $23,310 and goes up to $29,125 depending on the trim and options.
What is the average lifetime mileage for a Toyota Corolla?
300,000 miles
When drivers follow the recommended maintenance schedule, your Toyota Corolla has a life expectancy that can reach up to 10 years of 300,000 miles – or more! See how many miles can a Toyota Corolla last and learn how to get the most out of your car with the service experts at Earl Stewart Toyota.
Do Corollas have 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.
How much is a 2021 Toyota Corolla worth?
2021 Toyota Corolla LE Sedan 4D Depreciation
A 2021 Toyota Corolla LE Sedan 4D has depreciated $6,025 or 27% in the last 3 years and has a current resale value of $15,564 and trade-in value of $14,119.
How much can I sell my Corolla for?
2021 Toyota Corolla Value - $12,028-$26,096 | Edmunds.
