What was the price of a Toyota Corolla in 1998?
In the United States, the 1998 Toyota Corolla typically started around $12,000 for the base model, with higher trims reaching about $15,000 when fully equipped. National prices varied by trim and options, and regional markets set different prices.
This article details the typical U.S. pricing in 1998 and places it in a broader context, noting that prices varied by market, trim level, and added features.
U.S. pricing in 1998
The figures below reflect approximate Manufacturer's Suggested Retail Price (MSRP) ranges in the United States before destination charges, taxes, and dealer fees.
- Base trim (commonly referred to as the base Corolla CE/VE): about $12,000
- Mid-level trim (e.g., LE): roughly $13,500–$14,000
- Top-trim/fully equipped variants: around $15,000
Prices varied by optional equipment and regional configurations, and the final sticker price could be higher once destination charges, taxes, and dealer fees were added.
Global price context
Prices outside the United States in 1998 varied widely due to local taxes, currency exchange rates, and different trim availability. While the U.S. market provided a clear picture of base-to-high-trim pricing, international prices were not directly comparable and depended on country-specific factors.
Summary
The 1998 Toyota Corolla in the United States generally ranged from about $12,000 for the base model to around $15,000 for higher-trim, well-equipped versions, with regional differences and options pushing prices up or down. The exact price depended on trim, optional features, and local charges.
What year to stay away from a Corolla?
You should stay away from the 2009 and 2014 Toyota Corolla models due to numerous reported issues, including excessive oil consumption, transmission problems, and airbag concerns. Other years to avoid, particularly for earlier models, are 2000-2003, and 2010-2012, which can have oil-burning problems, and a high number of owner complaints about various failures.
Specific years to avoid
- 2000-2003: Prone to engine sludge and excessive oil consumption, particularly the 1ZZ-FE engine.
- 2009: Has a high frequency of complaints for water pump failure, transmission problems, and steering issues.
- 2010: Experience issues like a sticking gas pedal, electrical fires, and brake problems.
- 2011: Reported issues include problems with airbags and the AC.
- 2012: Affected by issues with the brakes and airbags.
- 2014: Has a high number of complaints about its electrical system, airbags, and engine.
Why these years are problematic
- Engine oil consumption: Early models, especially those with the 1ZZ-FE engine, are known to burn a lot of oil. This can lead to severe engine damage if not regularly monitored and refilled.
- Transmission and steering issues: The 2009 model is specifically noted for having transmission and steering problems.
- Airbag recalls: Some of these model years are included in the Takata airbag recall, which involved a defect where the airbag inflator could explode and send metal fragments flying.
What to consider instead
If you are looking for a reliable used Toyota Corolla, consider models from 2018-2021, as they have a better track record. Models from 2015 and later are also likely to be a good purchase.
How much did a Toyota Corolla cost in 1998?
A 1998 Toyota Corolla is worth approximately $1,452 on average, but can range from about $454 to over $2,000 depending on its condition, mileage, and trim. Factors like the car's specific trim level (VE, CE, or LE), overall condition, and vehicle history report significantly impact the final value.
Factors that influence the value
- Condition and Mileage: A car's value is heavily dependent on its physical and mechanical condition. A vehicle with rust spots or mechanical issues will be worth less than one in good shape.
- Trim Level: Different trims have different values. The LE (Luxury Edition) trim generally has a higher original MSRP and can command a higher price than the VE or CE trims.
- Vehicle History: Any accidents or major repairs can decrease the car's value, while a clean history can help maintain it.
- Market Demand: The value is also affected by current market trends, such as the supply and demand for used cars.
- Location: The price can vary depending on your geographic location.
How to get a more precise valuation
- Use online valuation tools: Websites like Kelley Blue Book and Edmunds provide tools to estimate your car's value based on its specific details.
- Check local listings: Browse local listings on sites like Cars.com and Edmunds to see what similar cars are listed for in your area.
- Consult with experts: A professional appraisal or a pre-purchase inspection can give you a more accurate idea of the car's true value and condition.
How much did a Toyota Corolla cost in 1988?
Price
| Style | Invoice | MSRP |
|---|---|---|
| GT-S Sport 2dr Coupe | $0 | $10,408 |
| LE 4dr Sedan | $0 | $10,558 |
| AWD SR5 4dr Wagon | $0 | $12,728 |
| SR5 Sport 2dr Coupe | $0 | $12,538 |
How much was a Toyota Corolla in 1997?
1997 Toyota Corolla pricing starts at $1,788 for the Corolla Sedan 4D, which had a starting MSRP of $15,028 when new. The range-topping 1997 Corolla DX Sedan 4D starts at $1,760 today, originally priced from $16,445. KBB Fair Purchase Price (national avg.)
