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corolla

1998 TOYOTA COROLLA
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 1998 TOYOTA COROLLA's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 1998 TOYOTA COROLLA in 1998 was $21,900.
The average price for used 1998 TOYOTA COROLLA nowadays in 2024 is $3,212 which is 15% from the original price.
Estimated mileage driven per year is 9,706 miles.
The graph below is a depreciation curve for 1998 TOYOTA COROLLA. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 1998 TOYOTA COROLLA in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
YearAverage MileageAverage Price% Left% Lost
1998 MSRP0 mi$21,900100%0%
19989,706 mi$23,998−$2,098−9.58%109.58%-9.58%
199919,412 mi$21,997+$2,001+8.34%100.44%-0.44%
200029,118 mi$20,988+$1,009+4.59%95.84%4.16%
200138,824 mi$19,995+$993+4.73%91.3%8.7%
200248,530 mi$18,800+$1,195+5.98%85.84%14.16%
200358,236 mi$17,598+$1,202+6.39%80.36%19.64%
200467,942 mi$16,042+$1,556+8.84%73.25%26.75%
200577,648 mi$15,477+$565+3.52%70.67%29.33%
200687,354 mi$14,499+$978+6.32%66.21%33.79%
200797,060 mi$13,900+$599+4.13%63.47%36.53%
2008106,766 mi$12,995+$905+6.51%59.34%40.66%
2009116,472 mi$11,516+$1,479+11.38%52.58%47.42%
2010126,178 mi$10,992+$524+4.55%50.19%49.81%
2011135,884 mi$9,600+$1,392+12.66%43.84%56.16%
2012145,590 mi$8,990+$610+6.35%41.05%58.95%

Price vs Mileage

Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA COROLLA’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 1998 TOYOTA COROLLA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 1998 TOYOTA COROLLA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
55,000 mi$4,75017 sales
65,000 mi$4,80013 sales
70,000 mi$4,22310 sales
75,000 mi$6,99911 sales
80,000 mi$3,99519 sales
85,000 mi$4,98917 sales
90,000 mi$4,20025 sales
95,000 mi$3,99929 sales
100,000 mi$5,24224 sales
105,000 mi$3,90031 sales
110,000 mi$3,99513 sales
115,000 mi$3,50020 sales
120,000 mi$3,12541 sales
125,000 mi$3,50035 sales
130,000 mi$2,47528 sales
135,000 mi$2,99519 sales
140,000 mi$3,99523 sales
145,000 mi$2,99535 sales
150,000 mi$2,75135 sales
155,000 mi$2,49527 sales
160,000 mi$3,00025 sales
165,000 mi$2,99524 sales
170,000 mi$2,99531 sales
175,000 mi$2,98927 sales
180,000 mi$2,50051 sales
185,000 mi$2,25011 sales
190,000 mi$3,98023 sales
195,000 mi$2,50016 sales
200,000 mi$2,39925 sales
205,000 mi$2,80025 sales
210,000 mi$2,99514 sales
215,000 mi$2,47314 sales
220,000 mi$3,89511 sales
225,000 mi$2,79911 sales
Frequently asked questions
Aftermarket modifications can affect the depreciation of 1998 TOYOTA COROLLA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Other years of TOYOTA COROLLA
corolla
1996 TOYOTA COROLLA
$4,473 average used price
710+ sales records
corolla
2002 TOYOTA COROLLA
$4,990 average used price
2,900+ sales records
corolla
2003 TOYOTA COROLLA
$5,900 average used price
9,400+ sales records
corolla
2004 TOYOTA COROLLA
$5,487 average used price
9,500+ sales records
corolla
2012 TOYOTA COROLLA
$10,992 average used price
36,000+ sales records
corolla
2019 TOYOTA COROLLA
$17,598 average used price
189,800+ sales records
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