The 2016 Toyota Corolla is one of the most reliable cars that the company has ever built. It swims through the reliability metrics. It has among the lowest annual repair costs of any Toyota on the list at $370 per year. Corollas also generally hold their values pretty well, with 10-year-old models keeping more than half of their original value in many cases, even when they are well over the 100,000 mark. In short, these things live a long time, and their costs and resale value reflect that.
For the 2016 model year, even reviews took note of the car’s long-lasting four-cylinder engine. Unfortunately, that was one of the few highlights. The 2016 Corolla had a dearth of technology, including a lack of some safety systems that were becoming standard at the time. It was also a fairly boring car to drive, with tepid acceleration and middling handling for a car of its size. Still, the fact that the parts inside it seem to want to last for ages more than makes up for the lack of driving dynamics for folks who really want reliability first.
This is one of the newer vehicles on the list, so there are still plenty on the market. They tend to go for around $15,000 with around 60,000 to 80,000 miles on the odometer. That means most of the 2016 Corollas on the market still have plenty of life left in them, and it’s not a bad budget car, especially if all you need is to run around town and get groceries. It also gets up to 35 mpg combined depending on the trim, which is excellent fuel economy.
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