Toyota is reliable, affordable, and power force in the auto industry. The company has strong resale values, impressive safety reviews, and low ownership costs. Every year, KBB releases its picks for the vehicles in the industry with the lowest cost-to-own figures for five years of ownership. Toyota is no stranger to the list. The 2015 Toyota Corolla at Toyota dealer near Trenton earned the KBB 5-Year Cost-to-Own Award.
Figures that Affect Cost-to-Own
Calculating cost-to-own is an in-depth process with various facets to consider. From state fees to fuel economy and insurance costs, if you have to spend money on it, KBB considers its impact on ownership. According to KBB, the 5-year cost to own the Toyota Corolla is only $30,416, which earns the icon the #1 spot as the Best Compact Car. Explore a few of the money-saving figures you can expect when you own a Toyota Corolla.
Low starting MSRP
The starting MSRP for the Toyota Corolla is $17,550 for the L; $22,025 LE; $22,725 LE Eco; $22,955 S.
High fuel economy ratings
The Corolla L and S models with a manual transmission average 28/37 mpg, which saves consumers $1,500 in fuel costs over five years compared to the average new vehicle. The Corolla LE with CVTi-S automatic averages an estimated 29/38 mpg, which has the potential to save consumers $1750 in fuel costs over five years. The Corolla S with CVTi-S automatic averages 29/37, saving $1750 over five years. Last but not least, the Corolla LE Eco averages 30/42 mpg, and the Plus and Eco Premium trims average 30/40 mpg, which saves consumers $2000 over five years.
Free maintenance
Toyota provides free maintenance for the first two years of ownership or 25,000 miles.
High safety ratings
Not only do high safety scores lower your risk of injury in an accident, they lower your insurance premium as well. The NHTSA awarded the Toyota Corolla with an overall 5-star safety rating.
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