Factors that Impact the Value of Your Toyota Corolla
How Much Money Can You Make?
Toyota Corollas are one of the most consistent vehicles traded in to auto recyclers. 2009 and 2010 Toyota Corolla sedans are known for their dependability and high mileage abilities; however, when it comes time for you to get rid of your vehicle, there are several factors you need to consider to determine what your Toyota Corolla is actually worth.
If you want to determine how much money you can make by selling your Toyota Corolla to Sell My Junk Car, keep reading!
The Most Popular Production Years of the Toyota Corolla for Auto Recyclers
At Sell My Junk Car, the most popular type of Toyota Corollas that are traded in to us are 2009 and 2010 Toyota Corolla sedans. These vehicles, on average, are worth about $325 for sellers. Older model Toyota Corollas still remain a popular vehicle choice for young drivers and those looking for an affordable, yet reliable, vehicle. Toyota Corollas often last for years and rack up high mileage numbers by the time they are traded in, making a company partnered with an auto recycler an ideal selling option to get as much of a return on the vehicle as possible.
The Best Time to Sell My Toyota Corolla
Like most other vehicles, there is no “perfect” time to sell or trade in your Toyota Corolla to an auto recycler. However, there are some factors you can consider and timing to take advantage of. For example, 2009 and 2010 Toyota Corollas are not 4 wheel drive vehicles. If you live in a northern state where snow and slush are common in the Winter, it may be best to trade in your vehicle during the Summer months when demand may be higher.
Another important factor to consider is scrap metal value. Try to sell your Toyota Corolla to an auto recycler when the price of metal is high. The price of scrap metal is consistently changing, so it is important to track and take advantage of high value times in the market. Even if you think your vehicle is not worth much, the scrap value for your vehicle’s materials and liquids can earn you cash from car buyers like Sell My Junk Car.
Common Problems with Toyota Corollas
Although Toyota Corollas are known for their reliability and long lifespan, there are problems that can plague this vehicle that will impact its value when it comes time to sell. Common 2009 and 2010 Toyota Corolla problems that will impact resale value include:
1. High Mileage
Symptoms: High mileage sedans tend to have a variety of issues, especially if regular maintenance is not kept up.
Cause: As a vehicle’s age and mileage increases, more costly repairs are usually needed to ensure the vehicle continues to run optimally. Because of cost, many of these repairs may be overlooked causing the issues to persist and expand.
Impact on Value: With high mileage comes high repair costs and a variety of possible problems including engine wear, transmission issues, suspension, and steering issues to name a few. These problems are costly to fix and reduce your car’s value.
2. Transmission Problems
Symptoms: Hard shifting, slipping gears, delayed acceleration, and rough shifts.
Cause: Lack of proper maintenance, low transmission fluid, aggressive driving, maxing towing capacity, and high mileage wear and tear.
Impact on Value: Transmission problems can include slipping and hard shifting, directly impacting the vehicle’s drivability. Transmission repairs can be costly and will lower your vehicle’s overall value.
3. Rust & Corrosion
Symptoms: Corrosion and Rust around wheel wells, undercarriage, and rocker panels.
Cause: Poor undercoating or exposure to road salt/ harsh weather conditions.
Impact on Value: Toyota Corollas may have body or, more impactful, structural rust and corrosion. Both visible and invisible rust can lower your car’s value because it directly impacts the structural integrity of your vehicle’s frame.
4. Bad or Faulty Catalytic Converter
Symptoms: Reduced engine performance, dark exhaust smoke, sulfur smell emitting from the vehicle, and extreme heat coming from under your vehicle.
Cause: Chemical contamination, clogged converter internal components, poor fuel quality, faulty oxygen or coolant sensors.
Impact on Value: Replacing a catalytic converter can be costly and is needed to operate a vehicle safely. A damaged or faulty catalytic converter will negatively impact your car’s value.
5. Rusty Brake Lines
Symptoms: Brake failure warnings and soft brakes.
Cause: Exposure to moisture from road salt and poor maintenance.
Impact on Value: Poor brake lines significantly impact a vehicle’s value because it is a major safety concern and will impact resale value.
2009 & 2010 Toyota Corolla Value
If it’s time to sell your Toyota Corolla, there are a few factors you need to consider that will directly impact your vehicle’s value. Prioritizing regular vehicle maintenance and care over your car’s lifespan will ensure you will receive top dollar for your vehicle from a car buyer like Sell My Junk Car.
Want to know how much your Toyota Corolla is worth? Get a cash offer now!