Member Opinion: '97 Corolla DX Value - Toyota Nation Forum : Toyota Car and Truck Forums
Corolla 7th Generation (1993-1997) Specific discussion of the 7th generation

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post #1 of 10 Old 06-15-2019, 01:00 PM Thread Starter
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Member Opinion: '97 Corolla DX Value

Hi, All!

As luck would have it, another '97 Corolla DX with 59k miles has popped-up and I'm trying to locate an accurate value for the vehicle.

I'm familiar with NADA, KBB, and Edmunds; however none of those take into consideration the rarity of this vehicle, in this condition, with this mileage...it's been 7 or so years since I've found a similarly spec'd '97 Corolla DX and condition.

Enough with my rambling!

Looking forward to your thoughts!
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post #2 of 10 Old 06-15-2019, 01:34 PM
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What is the seller asking?

At the end of the day, it's a low mileage Corolla. It won't really be worth much. A 97 Corolla with 59K miles is probably worth as much as an 07 Corolla with 159K.
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post #3 of 10 Old 06-15-2019, 02:46 PM Thread Starter
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Quote:
Originally Posted by jiantao View Post
What is the seller asking?

At the end of the day, it's a low mileage Corolla. It won't really be worth much. A 97 Corolla with 59K miles is probably worth as much as an 07 Corolla with 159K.
Seller is asking $4800.00

What about reliability and rarity of this generation Corolla? I was going back and forth in my thoughts with this seems to be 'the' generation to have based on Toyota's incredibly reliable engineering during this time vs. what some might say is 'lesser' quality of later generations.

Many thanks for the insight!
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post #4 of 10 Old 06-15-2019, 03:01 PM
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The 7th gen is a better car in many ways, but I still think that the 6th gens are perhaps a little more bullet-proof.

$4800 sounds like absolute top retail dollar, I'm thinking the actual value is closer to $3000.

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post #5 of 10 Old 06-17-2019, 03:10 AM
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I think it's too much. The low mileage adds some value but not too much. At 22 years old any rubber or plastic parts can be old in spite of the low mileage. I'm thinking motor mounts, suspension bushings, CV boots, etc.

Three years ago I posted this thread about a 93 Corolla with 108k miles that was at auction and went for over $1700. It had a salvage title because of some front bumper damage. The buyer put it up for sale at $2700 soon afterward. I thought $1700 was too much.
Opinion on this 93 Corolla that was auctioned

I bought my 97 Corolla DX with 180k miles 3 years ago for $1000, but I put over $2000 in parts into it right after that. Not all of that was immediately necessary, but I wanted to fix it up and not have to worry about it for a while. I have power windows, power door locks, power mirrors, tinted windows, Toyota installed alarm system.

7th gen Corollas are not that rare. Just look online for how much people are asking. Typically $500-1500 and maybe a bit more if it's well maintained.

For $4800 I'd want to see a lot of new parts like new struts, new tires, new motor mounts, and even then it might be too much. I'm all for 7th gen Corollas, but if I was going to spend $4800 I'd be looking at newer cars.
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1990 Corolla DX sedan, 4A-FE, 3-speed auto A131L
233,000 miles and counting...

1997 Corolla DX sedan, 7A-FE, 4-speed auto A245E
214,000+ miles
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post #6 of 10 Old 06-17-2019, 12:11 PM
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Quote:
Originally Posted by Seminoles View Post
Seller is asking $4800.00

What about reliability and rarity of this generation Corolla? I was going back and forth in my thoughts with this seems to be 'the' generation to have based on Toyota's incredibly reliable engineering during this time vs. what some might say is 'lesser' quality of later generations.

Many thanks for the insight!
I personally would not pay anything near $4800 for it. Although this generation Corolla was definitely reliable... it also lacks modern safety equipment like ABS (it was optional), side airbags, side curtain airbags, multi-stage front airbags, stability control, traction control, etc...

Also, as mentioned, rubber pieces, sensors, plastic pieces, etc. are all 22 years old.

And, it's not like the newer Toyotas will fall apart after 5 years. A 2013 Corolla is still pretty damn reliable.
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post #7 of 10 Old 06-17-2019, 06:39 PM
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As much as I love the 7th gen, I too would buy something newer for that price. Echoing what DrZ mentioned, a car that sits can need as much work as a car that was ridden hard. Especially if it's something that's been parked for years and never started.
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post #8 of 10 Old 06-17-2019, 06:57 PM Thread Starter
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Quote:
Originally Posted by DrZ View Post
I think it's too much. The low mileage adds some value but not too much. At 22 years old any rubber or plastic parts can be old in spite of the low mileage. I'm thinking motor mounts, suspension bushings, CV boots, etc.

Three years ago I posted this thread about a 93 Corolla with 108k miles that was at auction and went for over $1700. It had a salvage title because of some front bumper damage. The buyer put it up for sale at $2700 soon afterward. I thought $1700 was too much.
Opinion on this 93 Corolla that was auctioned

I bought my 97 Corolla DX with 180k miles 3 years ago for $1000, but I put over $2000 in parts into it right after that. Not all of that was immediately necessary, but I wanted to fix it up and not have to worry about it for a while. I have power windows, power door locks, power mirrors, tinted windows, Toyota installed alarm system.

7th gen Corollas are not that rare. Just look online for how much people are asking. Typically $500-1500 and maybe a bit more if it's well maintained.

For $4800 I'd want to see a lot of new parts like new struts, new tires, new motor mounts, and even then it might be too much. I'm all for 7th gen Corollas, but if I was going to spend $4800 I'd be looking at newer cars.
Great insight! I engaged the seller and carved out time to look at the vehicle.

It exceeded my expectations for a 22 year old car of any make or model. It's near mint, all VIN #'s accounted for with all original glass (VIN etched), original hub caps, new tires, soft and supple seals around, and more importantly, all maintenance has been completed (timing belt, water pump, cam seals, valve cover gasket, spark plug gaskets, plugs, wires, dist. cap, motor mount, transmission mount, all fluids fresh and clear) and visually verified.

I offered $3800, which based on forum feedback + overall condition + maintenance seems to be realistic.

We'll see what the seller says! Looking forward to a low vehicle operating cost daily compared to other vehicles in the stable.

Many thanks to those that took time to share thoughts, it's very much appreciated!
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Last edited by Seminoles; 06-17-2019 at 07:16 PM.
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post #9 of 10 Old 06-17-2019, 08:29 PM
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If it's as good as you say then $3800 could be justified. I paid $1000 for mine and over $2000 in parts, maybe closer to $3000. (I'm afraid to look up the exact total, lol.) I put new water pump, timing belt, valve stem seals, cam seals, axle seals, injector seals, intake seals, struts, radiator, coolant hoses, battery. I basically wanted to not have to worry about anything for 60k+ miles, almost like new car reliability. I don't think I'd sell mine for $3800 or maybe even $4800, so you could justify the price in your case.
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1990 Corolla DX sedan, 4A-FE, 3-speed auto A131L
233,000 miles and counting...

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post #10 of 10 Old 06-17-2019, 08:33 PM
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What a deal!

While 7th-gen Corolla does have low purchase price and low maintenance costs, it actually has more frequent repairs needed than some of my other cars on per-mile basis. In next couple years, plan on replacing struts and wheel-bearings, perhaps water-pump. Should also do brake-fluid and trans. fluid right away after acquisition.
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