If you believe you don't need to drive or have an reliable alternate means of transportation, then sell it.

 

Sorry, I failed to mention that I will need another car. I just now added that near the end. Apologies for the oversight.

 

As long as it runs great and maintained well, I'd say just keep it unless you are desperate to have the newest and latest thing.

Old car, new but semi-documented issues. New car, new issues.

If a vehicle is good to you, I believe no matter what you should keep it. More so if you've have good memories of previous vehicles.

 

As long as it runs great and maintained well, I'd say just keep it unless you are desperate to have the newest and latest thing.

Old car, new but semi-documented issues. New car, new issues.

If a vehicle is good to you, I believe no matter what you should keep it. More so if you've have good memories of previous vehicles.

My instinct is to keep it... my concern is what happens in a couple of years, should there be a major mechanical repair that is needed. The car will not be worth much at all in such condition. If I sell it now, I can make perhaps $6500, which I can put toward a 2016 or 2017 Toyota. I am not interested in fancy electronics.

 

Keep it. Newer cars come with many electrics that can and often do fail. You can be aware new cars have to come standard with back up cameras that can be expensive to fix if they fail as one example.

 

Back up camera has its uses. It's all the other advanced safety features I would worry more of.

 

If it were me, I'd keep it. The risk is the cvt models in the 11th and 12th gens.

Value is knowing it's going to be able to have a reliable vehicle. There's risks of course, but its paid off. No payments and headaches to worry about it.

 

If it were me, I'd keep it. The risk is the cvt models in the 11th and 12th gens.

I'd not heard of CVT so I did some research. That is one helluva combination of electronics and hydraulics... not sure I would want that. When did Toyota start using CVT technology?

 

I’d keep. Don’t get the newer ones with CVT. My 9th gen is likely hardly half the value of yours on the market but we’ve had it since new and It’s been supremely reliable. I still prefer to drive my corolla everywhere versus my Acura TL.
9th and 10th gen are probably the most similar generations of Corollas to share so many common parts, I’d trust a 10th would be as good as our 9th.


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Do you want something newer or does another car make you want to sell your Corolla? If you need a car and don't want something newer, keep it. Used car values are at a high right now so if you sold yours, you might be paying more for another used car. If you can sell it for near $7,000, perhaps you might want to.

If you're buying another Corolla, I personally wouldn't sweat if it was CVT or not since you're not commuting to work and putting mileage like before, because Corollas are reliable so why worry about the things that affect other cars? I just wouldn't be so paranoid about newer Toyotas, because they aren't BMWs or European...if I was retired, I would get something more fun to drive than a Corolla.

 

Do you want something newer or does another car make you want to sell your Corolla? If you need a car and don't want something newer, keep it. Used car values are at a high right now so if you sold yours, you might be paying more for another used car. If you can sell it for near $7,000, perhaps you might want to.

Yeah, the Corolla is not all that fun to drive. And used car values are high now, as you note. This is why I am having a hard time making a decision. My gut tells me to take advantage of used car values now. Then get something a little newer... maybe a Toyota without CVT?

 

go for it!

 

I say keep it. You don't drive much, why blow your retirement savings on a new car payment? I understand that you can afford to, but why would you? I don't see your need in buying a new car, and as others have mentioned, the new ones have more electronics and things like CVT that don't have a proven track record yet.

 

All excellent points. The thing is, in time I will in fact need another car, because this one will eventually give out. SO the question is really one of timing... do I wait, or do I take advantage of the value of my Corolla now and make the switch? I just learned about CVT and am not a fan.

 

Regards to CVT, if you’ve never driven one, give it a try and compare it to your standard gear’d corolla. You will be surprised I guarantee it. CVT are also sloppier so if you think the corolla isn’t exciting... these CVTs will get you stumbling. Don’t take my word for it, give it a try if you have a friend with a new Honda auto, new corolla auto cvt. You do not want a car that is “first batch” like the first batch of 11th gen..


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Thanks... I am thinking of moving up to a Camry, something used, I do not need new. CVT sounds like it relies way too heavily on electronics to work. Scary.

 

Sadly, in the corolla toyota has not offered a traditional automatic transmission since 2016/17. If you can afford it, I'd take advantage of new car deals.

The new corolla cvt has a launch gear. Some members have reported of the cvt being noisy. In the 11th gen, the situation is a bit different. Toyota did a software update to certain vin's. Also, some failures.

 

Thanks... if I do sell it I will probably upgrade to a Camry.

 

If it were me, I would keep the current corolla. Boring but reliable and you know the history of it. If you’ve kept it well maintained until now, odds are you’re more than ahead of the curve for most repairs down the line. Why throw your hard earned money for retirement towards a newer car/Corolla? My biggest draw to the 2017+ Corollas is the standard safety package. But otherwise, it’s a very hard sell for me to sell my gen9 Corolla and buy a newer one. IMO gen9 and gen10 were in the sweet spot of being modern enough yet being very reliable.

The new or newer car you’re going to buy is going to depreciate and will also have maintenance items as it ages.

 

Ask how much a front facing camera costs to replace! It could total out the car along with the radar cruise control in a front end accident.

 

If your car is in great shape and you don't drive that much then I would keep it. Why put a monthly payment on you for the next 4 to 6 years.

 

Sorry but I disagree. There are many examples of high mileage 2017 - 2019 models with high tech out there and are reported as still being very reliable with no issues.

2019 Corolla w/170K miles

 

That's a 12th gen corolla, as the hatchback came a year earlier than the sedan (2020)

 

Is your corolla a manual?

 

The one listed isn't mine though it does have a CVT. I researched around before buying mine. Purchased a '21 XSE Hatchback with CVT back in late August. My last corolla was a 2007 and the 12th generation is by far the best handling corolla I've driven. The CVT with Launch Gear is well designed and very smooth. Was thinking about a '20 Camry but the reported 8 speed transmission issues steered me to the Corolla.

 

In fact my 2007 corolla was horrible and down right scary while driving with gusty winds especially on the freeway. This '21 Hatchback is the difference between night and day driving through storms.

 

Tech in general will total a car these days. Last I heard, the led headlamps aren't cheap. I haven't seen pricing for a depot or TYC, but the oem is like $1200 a side.

 

That's why I disabled features like the daylight running lights and the electronic parking brake try to preserve as much life as possible. Guess same theory won't apply to the LED brake lights or turn signals though.

 

Keep it.
10y/o, 143k mile, well maintained.
Assumed you purchased it new.

There will be additional parts that will wear out and require replacement, due to age. Keep anything long enough, it will wear out. Cost of those parts & labor will be far cheaper than a young used car replacement. If you are to DIY, cost of ownership will be even cheaper.

84y/o mom has a 2000 Avalon, 165k miles. Maybe up to 5-7k miles/year. Just routine maintenance and noramal wear items to be replaced: oil/foil filter, tires, brake pads, struts/shocks, belts, air filter, 12V battery.

 

Look at it this way. You've worked your whole life, and just retired. If you can afford something newer, larger, without stretching your money in any way. Why not treat yourself with a newer car?

Just from what you told me, all the things you haven't changed, will need to be changed. Radiator hoses, alternator, radiator, starter, thermostat, water pump, fluid flushes, etc. They will also need to be changed at the most inconvenient times, and it will come one after another.

Cars these days are totaled almost all the time because that's what they are designed to do. Keep you safe in a wreck, and everything else crumples and absorbs the energy. Once everything crumples it gets very expensive to repair, and once the airbags deploy its basically totaled.

Which brings me to another point. How much do you value your safety while driving? Newer cars are much, much safer. This is a big reason why I purchased a newer car. Is the money you save while keeping your old car worth it if you were ever in a car accident?

 

Look at it this way. You've worked your whole life, and just retired. If you can afford something newer, larger, without stretching your money in any way. Why not treat yourself with a newer car?

All excellent points! Thank you... I am going to get the car appraised next week.

 

Keep it !!!!!!!
mine is 2010 original owner 185000 miles, my kids learned how to drive on it and my daughter took it for 6 months to college, I do autocross, 60 miles daily driving and still hard rock like a champ, I own 3 more cars and this one will stay is the most reliable car that I have ever owned and believe me I can afford to replace it but why???so DO NOT SELL.

 

Keep it !!!!!!!
mine is 2010 original owner 185000 miles, my kids learned how to drive on it and my daughter took it for 6 months to college, I do autocross, 60 miles daily driving and still hard rock like a champ, I own 3 more cars and this one will stay is the most reliable car that I have ever owned and believe me I can afford to replace it but why???so DO NOT SELL.



View attachment 328099

No problem! What do you think of a small investment in a new bumper? And maybe some detailing to fix the dings in the paint?

I would check local junkyards to find your color. It might take a while if you have the tacoma blue.

 

You have an Autobot! Of course it's reliable.

 

I second 75aces. Normally I wouldn't care much, but if it must be fixed, local junkyard may be the first way to go.

 

Personally, I would just live w/ the bumper as is. An event down the road, hopefully NEVER, may force your hand.
*Inattentive driver may cause substantial damage to the bumper and then some.
*Hit and run drivers in the parking lot. Hit your bumper (front/rear) and drive away.
*Shopping cart(s).
*Road debris.
*etc.

If you have some DIY ability, pull the best looking bumper off, irregardless of color.

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Price shop painting, and install w/ a cheap bodyshop. Painting a bumper OFF the car is fast, easy, and should be cheap b/c little labor time required (no taping of the car parts and blending). The drawback is the bumper will stick out some b/c of the lack of blending. But its a bumper that will get banged-up, not by your choice.

Consider getting a dash camera system, preferably a dual cam set-up. Hopefully in the near future, all auto makers will make these standard or at least a reasonably priced option. I like BlackVue, b/c small, good features, and they make 2camera systems; pricey though. There are other makers out there too. Should you get a BlackVue or competitor, spend the money and get the largest storage microSD card the dash cam supports (ie 128GB), and the HighEndurance version (Samsung or SanDisk). A regular microSD card is not intended for the writing that dash cams do. However, given your significant reduced driving, I would get nothing smaller than a 64GB version.

 

painting the bumper while on the car is definetely a lot of labor. I done it but its not perfect and took me 2 tries. The reason was that it was in bad condition (liner), so removing it would possibly mean getting a new one, simply. Taping the car up and painting would take me a full day. about 100$ 150$ of material.

A good condition junkyard bumper would cost the same or less, and possibly less work time.

 

FWIW, I'm still driving a 1996 Toyota T100, my son drives a 1997 Corolla, my wife drives a 2005 Highlander, and my daughter drives a 2009 Matrix. They're all paid for, of course. On every single one of these cars (including the truck with over 330,000 miles on it), the cost of repairs is much lower per year than a new car payment would be.

 

I wish we still had our 82 and 90 Corolla....and its precisely your point above that I would rather put my money in stocks, and I am now in the process of buying a 2010 corolla hatch for US$3,900