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.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $21,900 | — | — | 100% | 0% |
| 2020 | 9,706 mi | $23,998 | −$2,098 | −9.58% | 109.58% | -9.58% |
| 2021 | 19,412 mi | $21,997 | +$2,001 | +8.34% | 100.44% | -0.44% |
| 2022 | 29,118 mi | $20,988 | +$1,009 | +4.59% | 95.84% | 4.16% |
| 2023 | 38,824 mi | $19,995 | +$993 | +4.73% | 91.3% | 8.7% |
| 2024 | 48,530 mi | $18,800 | +$1,195 | +5.98% | 85.84% | 14.16% |
| 2025 | 58,236 mi | $17,598 | +$1,202 | +6.39% | 80.36% | 19.64% |
| 2026 | 67,942 mi | $16,042 | +$1,556 | +8.84% | 73.25% | 26.75% |
| 2027 | 77,648 mi | $15,477 | +$565 | +3.52% | 70.67% | 29.33% |
| 2028 | 87,354 mi | $14,499 | +$978 | +6.32% | 66.21% | 33.79% |
| 2029 | 97,060 mi | $13,900 | +$599 | +4.13% | 63.47% | 36.53% |
| 2030 | 106,766 mi | $12,995 | +$905 | +6.51% | 59.34% | 40.66% |
| 2031 | 116,472 mi | $11,516 | +$1,479 | +11.38% | 52.58% | 47.42% |
| 2032 | 126,178 mi | $10,992 | +$524 | +4.55% | 50.19% | 49.81% |
| 2033 | 135,884 mi | $9,600 | +$1,392 | +12.66% | 43.84% | 56.16% |
| 2034 | 145,590 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.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $21,990 | 46 sales |
| 10,000 mi | $20,998 | 69 sales |
| 15,000 mi | $20,998 | 118 sales |
| 20,000 mi | $20,400 | 221 sales |
| 25,000 mi | $20,862 | 211 sales |
| 30,000 mi | $20,000 | 381 sales |
| 35,000 mi | $19,998 | 355 sales |
| 40,000 mi | $19,489 | 387 sales |
| 45,000 mi | $19,528 | 358 sales |
| 50,000 mi | $18,997 | 312 sales |
| 55,000 mi | $18,800 | 392 sales |
| 60,000 mi | $18,888 | 326 sales |
| 65,000 mi | $17,990 | 304 sales |
| 70,000 mi | $17,043 | 236 sales |
| 75,000 mi | $16,999 | 203 sales |
| 80,000 mi | $16,859 | 196 sales |
| 85,000 mi | $16,826 | 160 sales |
| 90,000 mi | $16,000 | 110 sales |
| 95,000 mi | $15,995 | 110 sales |
| 100,000 mi | $15,795 | 83 sales |
| 105,000 mi | $14,993 | 74 sales |
| 110,000 mi | $14,992 | 40 sales |
| 115,000 mi | $14,915 | 48 sales |
| 120,000 mi | $14,848 | 62 sales |
| 125,000 mi | $13,997 | 28 sales |
| 130,000 mi | $14,140 | 32 sales |
| 135,000 mi | $13,995 | 15 sales |
| 140,000 mi | $14,110 | 13 sales |
Frequently asked questions
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Aftermarket modifications can affect the depreciation of 2020 TOYOTA COROLLA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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 exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
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.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Other years of TOYOTA COROLLA
1996 TOYOTA COROLLA
$4,473 average used price
710+ sales records
1998 TOYOTA COROLLA
$3,212 average used price
1,600+ sales records
2001 TOYOTA COROLLA
$4,989 average used price
3,500+ sales records
2009 TOYOTA COROLLA
$7,995 average used price
38,800+ sales records
2013 TOYOTA COROLLA
$11,516 average used price
62,800+ sales records
2014 TOYOTA COROLLA
$12,995 average used price
78,500+ sales records
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