Vehicle report

2008 Toyota Corolla

Fair price, market signal, reviews, and common issues — all in one place. Tuned to ZIP 43215 (from your location).

Fair price range

$2,650

$2,300 — $2,950

low confidence

Est. out-the-door

$3,492

$3,117 — $3,814

in Ohio (7.25% tax + fees)

What's shaping this price

  • Age (18 yrs)−$20,696

    12%/yr for compact

  • Mileage (40,000)+$324

    176,000 under expected

Local market signal · 432xx

Avg days on market

67

from 56 comparable listings

30-day price trend

↓ 4.1%

cooling

Prices for this trim in 432xx are trending down — a buyer's edge right now.

Price over its life

2008 → 2026
$7.7k$12.8k$17.9k$23k$2.7k2008200920102011201220132014201520162017201820192020202120222023202420252026

Anchored on the original manufacturer MSRP for this trim, curved to today's typical price via segment depreciation.

Next 5 years (forecast)

2026 → 2031
$1.6k$1.9k$2.3k$2.7k$1.2k202620272028202920302031

Projected from today's typical price using the segment's annual depreciation rate, with a small penalty for accumulated mileage. Rough forecast — actual resale value swings with the used-car market.

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Affordability72-month loan · Ohio · 1,000 mi/mo

Potential monthly cost of ownership

Loan + insurance + gas — the three big monthly line items.

Estimated monthly total

Loan + insurance + gas

$270/mo

  • Auto loan

    72 months · 10% down · 7.5% APR (national avg)

    $41/mo

  • Insurance

    Full coverage · Ohio average for compact cars

    $82/mo

  • Gas

    29 mpg combined · $4.25/gal · 1,000 mi/mo

    $147/mo

Estimated payments — actual rates depend on credit, coverage, and driving.

Long-term ownership costsDepreciation + maintenance over 5 years, assuming 12,000 mi/yr

$5,252over 5 yrs

~$1,050/yr

  • Depreciation

    $1,252

    Segment: compact

  • Maintenance

    $4,000

    segment ballpark

Depreciation projected from segment averages against today’s typical price; maintenance is an AAA-derived segment ballpark. Loan, insurance, and gas are covered in the Affordability section above.

Safety ratingsOfficial NHTSA crash-test scores + owner complaint volume20 NHTSA complaints

No NHTSA crash-test ratings on record for this year / model.

Safety recallsOfficial NHTSA campaigns for this year / make / model6 total
  • AIR BAGS:FRONTAL:PASSENGER SIDE:INFLATOR MODULE

    Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2010-2016 4Runner, 2003-2006 Tundra, 2003-2013 Corolla, 2009-2010 Corolla Matrix, 2004-2005 RAV4, 2002-2007 Sequoia, 2011-2013 Sienna, 2008-2012 Scion xB, 2008-2009 Lexus IS-F, 2007-2012 Yaris and Lexus ES350, 2010-2017 Lexus GX460, 2002-2010 Lexus SC430, 2006-2012 Lexus IS250 and IS350 and 2010-2015 Lexus IS250C and IS350C vehicles. These vehicles had their driver or passenger frontal air bag inflators previously replaced under a prior recall using inflators of the same design. The inflators may explode due to propellant degradation occurring after long-term exposure to high absolute humidity, temperature and temperature cycling.

    19V741000 ·

  • AIR BAGS:FRONTAL:PASSENGER SIDE:INFLATOR MODULE

    Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2003-2008 Corolla, 2005-2008 Corolla Matrix, and Pontiac Vibe vehicles equipped with a front passenger air bag assembly replaced under a prior recall. The air bag may not unfold as designed during inflation under high temperature conditions, possibly resulting in the air bag not inflating properly.

    19V627000 ·

  • AIR BAGS:FRONTAL:PASSENGER SIDE:INFLATOR MODULE

    Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain model year 2008-2010 Lexus SC vehicles manufactured August 3, 2007, to July 30, 2010, 2008 Toyota Corolla vehicles manufactured May 25, 2007, to December 21, 2007, 2008 Toyota Corolla Matrix vehicles manufactured June 1, 2007, to December 18, 2007, and 2008 Pontiac Vibe vehicles manufactured June 1, 2007, to January 2, 2008. This is to address a safety defect in the passenger side frontal air bag inflator which may produce excessive internal pressure causing the inflator to rupture upon deployment of the air bag. This recall addresses both the passenger side frontal air bags that were originally installed in the vehicles, as well as replacement air bags that may have been installed as replacement service parts. A replacement air bag may have been installed, as one example, if a vehicle had been in a crash necessitating the replacement of the passenger side frontal air bag.

    16V127000 · Mar 3, 2016

  • AIR BAGS:FRONTAL:PASSENGER SIDE:INFLATOR MODULE

    Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain model year 2008-2010 Lexus SC vehicles manufactured August 3, 2007, to July 30, 2010, 2008 Toyota Corolla vehicles manufactured June 1, 2007, to December 21, 2007, 2008 Toyota Corolla Matrix vehicles manufactured June 1, 2007, to December 18, 2007, and 2008 Pontiac Vibe vehicles manufactured June 1, 2007, to January 2, 2008 that were originally sold, or ever registered, in Florida, Puerto Rico, Hawaii, the U.S. Virgin Islands, Guam, Saipan, American Samoa, Georgia, Alabama, Louisiana, Mississippi and Texas. The affected vehicles have a passenger side frontal air bag that may be susceptible to moisture intrusion which, over time, could cause the inflator to rupture upon its deployment.

    16V128000 · Feb 3, 2016

  • ENGINE AND ENGINE COOLING

    TOYOTA IS RECALLING CERTAIN MODEL YEAR 2005-2008 COROLLA AND COROLLA MATRIX VEHICLES. THE ENGINE CONTROL MODULE (ECM) FOR THE SUBJECT MODELS EQUIPPED WITH THE 1ZZ-FE ENGINE AND TWO-WHEEL DRIVE MAY HAVE BEEN IMPROPERLY MANUFACTURED. THERE IS A POSSIBILITY THAT A CRACK MAY DEVELOP AT CERTAIN SOLDER POINTS OR ON VARISTORS ON THE CIRCUIT BOARD.

    10V384000 ·

  • EQUIPMENT:OTHER:LABELS

    SOUTHEAST TOYOTA IS RECALLING CERTAIN MODEL YEAR 2005-2011 PASSENGER VEHICLES FOR FAILING TO COMPLY WITH THE REQUIREMENTS OF FEDERAL MOTOR VEHICLE SAFETY STANDARD NO. 110, "TIRE SELECTION AND RIMS." THESE VEHICLES WERE SOLD WITHOUT THE REQUISITE LOAD CARRYING CAPACITY MODIFICATION LABELS.

    10V036000 · Mar 2, 2010

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Ownership economics

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  • 5-year total cost of ownership — depreciation + fuel + insurance + maintenance, itemized
  • EPA fuel economy — real MPG + annual fuel cost for this trim
  • Safety ratings + recalls — official NHTSA scores and every open campaign

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