Avg. Price Paid:$6,905 - $7,654
Original MSRP: $14,305 - $16,315
MPG: 32 City / 41 Hwy
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2007 Toyota Corolla Review

This review was written when the 2007 Toyota Corolla was new.

The Corolla delivers a dependable ride on a budget, but can't match the style or engine power of others in its class. If you're in the market for an affordable small car, you should also consider the Honda Civic or Honda Fit.

The 2007 Toyota Corolla delivers easy handling and exemplary fuel economy at a low initial cost, which means that the essential safety add-ons won't break the bank. The Washington Post recommends the Corolla because "through all of its model changes, the Corolla remained true to the notion of impeccable automotive quality delivered at reasonable cost." The Corolla's relative position in its category is affirmed by the New York Times, which says, "Toyotas have been so reliable, it has forced American manufacturers to improve the quality of their offerings."

The 2007 Toyota Corolla certainly holds its value. Owners turn in their Corollas for an average $500 to $800 over Kelley Blue Book value, which has already placed the Corolla a leader in its class. While the reviewer notes that similar cars may appear to offer more features and better styling for less money up front, "when it comes trade-in time the Corolla owner will be laughing all the way to the bank." BusinessWeek also comments on the Corolla's good value, writing, "If all you want is an economy car with a long history of reliability, it's an excellent choice."

The Corolla is rated a "Best in Class" leader by IntelliChoice in several categories, including Fuel Costs, Ownership Costs and Retained Value. Likewise, IntelliChoice gives the Corolla a value rating of "excellent" for its predicted five-year total cost of ownership, compared to other vehicles in its class.

The 2007 Toyota Corolla is available in three trims: the base Corolla CE, the Corolla S and the Corolla LE. All models have the choice of the standard five-speed manual transmission or the optional four-speed automatic transmission.

Review Last Updated: 5/2/08

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