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corolla

2020 TOYOTA COROLLA
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 2020 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) 2020 TOYOTA COROLLA in 2020 was $21,900.
The average price for used 2020 TOYOTA COROLLA nowadays in 2024 is $18,800 which is 86% from the original price.
Estimated mileage driven per year is 9,706 miles.
The graph below is a depreciation curve for 2020 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 2020 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
2020 MSRP0 mi$21,900100%0%
20209,706 mi$23,998−$2,098−9.58%109.58%-9.58%
202119,412 mi$21,997+$2,001+8.34%100.44%-0.44%
202229,118 mi$20,988+$1,009+4.59%95.84%4.16%
202338,824 mi$19,995+$993+4.73%91.3%8.7%
202448,530 mi$18,800+$1,195+5.98%85.84%14.16%
202558,236 mi$17,598+$1,202+6.39%80.36%19.64%
202667,942 mi$16,042+$1,556+8.84%73.25%26.75%
202777,648 mi$15,477+$565+3.52%70.67%29.33%
202887,354 mi$14,499+$978+6.32%66.21%33.79%
202997,060 mi$13,900+$599+4.13%63.47%36.53%
2030106,766 mi$12,995+$905+6.51%59.34%40.66%
2031116,472 mi$11,516+$1,479+11.38%52.58%47.42%
2032126,178 mi$10,992+$524+4.55%50.19%49.81%
2033135,884 mi$9,600+$1,392+12.66%43.84%56.16%
2034145,590 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 2020 TOYOTA COROLLA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 TOYOTA COROLLA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
5,000 mi$21,99046 sales
10,000 mi$20,99869 sales
15,000 mi$20,998118 sales
20,000 mi$20,400221 sales
25,000 mi$20,862211 sales
30,000 mi$20,000381 sales
35,000 mi$19,998355 sales
40,000 mi$19,489387 sales
45,000 mi$19,528358 sales
50,000 mi$18,997312 sales
55,000 mi$18,800392 sales
60,000 mi$18,888326 sales
65,000 mi$17,990304 sales
70,000 mi$17,043236 sales
75,000 mi$16,999203 sales
80,000 mi$16,859196 sales
85,000 mi$16,826160 sales
90,000 mi$16,000110 sales
95,000 mi$15,995110 sales
100,000 mi$15,79583 sales
105,000 mi$14,99374 sales
110,000 mi$14,99240 sales
115,000 mi$14,91548 sales
120,000 mi$14,84862 sales
125,000 mi$13,99728 sales
130,000 mi$14,14032 sales
135,000 mi$13,99515 sales
140,000 mi$14,11013 sales
Frequently asked questions
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.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Other years of TOYOTA COROLLA
corolla
2002 TOYOTA COROLLA
$4,990 average used price
2,900+ sales records
corolla
2007 TOYOTA COROLLA
$6,869 average used price
16,100+ sales records
corolla
2008 TOYOTA COROLLA
$6,999 average used price
10,500+ sales records
corolla
2014 TOYOTA COROLLA
$12,995 average used price
78,500+ sales records
corolla
2017 TOYOTA COROLLA
$15,477 average used price
176,000+ sales records
corolla
2021 TOYOTA COROLLA
$19,995 average used price
222,300+ sales records
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2020 TOYOTA COROLLA on BADVIN
JTDP4RCE4LJ006168-2020-toyota-corolla
2020 TOYOTA COROLLA
2 days ago, 58,875 mi
est retail value $21,883
VIN JTDP4RCE4LJ006168
5YFHPRAE5LP055230-2020-toyota-corolla
2020 TOYOTA COROLLA
in 13 hours, 82,728 mi
est retail value $17,064
VIN 5YFHPRAE5LP055230
5YFEPRAE7LP088782-2020-toyota-corolla
2020 TOYOTA COROLLA
5 months ago, 37,582 mi
est retail value $22,040
VIN 5YFEPRAE7LP088782
JTDEPRAE3LJ028177-2020-toyota-corolla
2020 TOYOTA COROLLA
10 days ago, 77,405 mi
est retail value $16,860
VIN JTDEPRAE3LJ028177
5YFT4RCE9LP017595-2020-toyota-corolla
2020 TOYOTA COROLLA
11 days ago, 16,476 mi
est retail value $25,647
VIN 5YFT4RCE9LP017595
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