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2007 Toyota Corolla
Invoice: $13,232 - $14,040
Miles Per Gallon
City: 32 MPG
Highway: 41 MPG
Body Style: Sedan
Engines: 1.8L I-4 126 HP
Toyota Corolla is among the best of the compact sedans: reliable and economical yet refined and comfortable.
The Corolla comes in one body style, a four-door sedan. The Corolla CE, S, and LE come with a 126-horsepower 1.8-liter four-cylinder engine. A five-speed manual transmission or a four-speed automatic is available. It earns an EPA-estimated 32/40 mpg City/Highway when equipped with a manual transmission. Optional safety equipment includes: side-impact airbags, curtain airbags, anti-lock brakes with electronic brake-force distribution, and Vehicle Stability Control.
For 2007, the XRS trim gets discontinued.
Purchasing an older vehicle, such as the 2007 Toyota Corolla, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2007 Toyota Corolla for less money than when it was new. If the 2007 Toyota Corolla was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2007 Toyota Corolla is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2007 Toyota Corolla will have a good resale value. This assumes that the 2007 Toyota Corolla is in good condition and has a reasonable number of miles.
Find a used 2007 Toyota Corolla for sale at CarsDirect.
