Where there's room on price
44
/ 100 (moderate)
Approx. 44 days of national supply and the median listing asks approx. 4% above the typical asking price at typical mileage — moderate negotiating leverage.
Ridekick price report
2016 Toyota Corolla Price: Typical Asking Price & MSRP
A mileage-adjusted read of comparable active listings—not a quote for a specific VIN, trim, condition, or location.
Typical asking price
$12,509
Inside the middle half of current listings.
Price intelligence
A map of today's market
Typical asking price is in the typical market range
$6,995$21,590
- Typical market range
- $11,497–$15,810
- Typical asking price
- $12,509
- Original MSRP range
- $17,300–$23,125
Middle 50% of active listings
At typical mileage
9 sourced trims when new
Buyer context
Market pulse
What this means for you. It's market data, not a price for a specific car.
National supply
44
days of supply
Balanced market
Supply and demand are roughly balanced for the 2016 Toyota Corolla.
Estimated dealer cost (invoice)
$15,916–$16,608
Estimated dealer invoice — about $17,300 MSRP minus a typical 4–8% manufacturer margin.
An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.
Typical asking price by trim
| Trim | Typical asking (at typical mileage) | MSRP | Est. dealer cost |
|---|---|---|---|
| L | $11,480 | $17,300 | $15,916–$16,608 |
| LE Plus | $12,102 | $19,135 | $17,604–$18,370 |
| LE | $12,387 | $18,735 | $17,236–$17,986 |
| S | $12,800 | $19,365 | $17,816–$18,590 |
| S Plus | $13,014 | $20,065 | $18,460–$19,262 |
| le-eco | — | $19,135 | $17,604–$18,370 |
| le-eco-plus | — | $19,835 | $18,248–$19,042 |
| special-edition | — | $20,635 | $18,984–$19,810 |
| s-premium | — | $23,125 | $21,275–$22,200 |
Trim comparison
How each trim is priced
Estimated dealer cost Original MSRP Typical asking price
Trim
$10,548$17,303$24,057
Typical askingL
$11,480
L: typical asking price $11,480, original MSRP $17,300, estimated dealer cost $15,916 to $16,608.
LE Plus
$12,102
LE Plus: typical asking price $12,102, original MSRP $19,135, estimated dealer cost $17,604 to $18,370.
LE
$12,387
LE: typical asking price $12,387, original MSRP $18,735, estimated dealer cost $17,236 to $17,986.
S
$12,800
S: typical asking price $12,800, original MSRP $19,365, estimated dealer cost $17,816 to $18,590.
S Plus
$13,014
S Plus: typical asking price $13,014, original MSRP $20,065, estimated dealer cost $18,460 to $19,262.
le-eco
—
le-eco: typical asking price not available, original MSRP $19,135, estimated dealer cost $17,604 to $18,370.
le-eco-plus
—
le-eco-plus: typical asking price not available, original MSRP $19,835, estimated dealer cost $18,248 to $19,042.
special-edition
—
special-edition: typical asking price not available, original MSRP $20,635, estimated dealer cost $18,984 to $19,810.
s-premium
—
s-premium: typical asking price not available, original MSRP $23,125, estimated dealer cost $21,275 to $22,200.
All marks use the same price scale. Dealer cost is an estimate; original MSRP and typical asking price are shown for context, not as a guarantee of a particular vehicle’s price.
Out-the-door price by state
Out-the-door for a 2016 Toyota Corolla runs about $12,820 in MT to $14,364 in NJ — the typical asking price plus state tax, title, registration, and a typical dealer doc fee.
| State | Sales/use tax | Doc + title + reg | Out-the-door |
|---|---|---|---|
| CA | $907 | $110+ | $13,526 |
| TX | $782 | $332 | $13,623 |
| FL | $751 | $1,074+ | $14,334 |
| NY | $500 | $371 | $13,380 |
| PA | $751 | $587 | $13,847 |
| IL | $782 | $683 | $13,974 |
| OH | $719 | $444 | $13,672 |
| GA | $876 | $637 | $14,022 |
| NC | $375 | $793 | $13,677 |
| WA | $813 | $215+ | $13,537 |
| OR | $0 | $525 | $13,034 |
Estimates using each state's base tax rate. Local (city/county) taxes can add 1–3% in many areas, dealer doc fees vary, and some states base registration on vehicle value or weight (shown with a "+"). Trade-in tax credits are not included.
Out-the-door price by state: California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, Georgia, North Carolina, Washington, Oregon
Fuel economy
28
MPG city
36
MPG highway
31
MPG combined
EPA-estimated fuel economy for a representative 2016 Toyota Corolla configuration (Regular).
Safety & recalls
1 open NHTSA recall on record for the 2016 Toyota Corolla.
AIR BAGS: AIR BAG/RESTRAINT CONTROL MODULE
Toyota Motor Engineering & Manufacturing (Toyota) is recalling certain 2011-2019 Corolla, 2011-2013 Matrix, 2012-2018 Avalon, and 2013-2018 Avalon Hybrid vehicles. During certain crashes, the air bag electronic control unit (ECU) may malfunction, possibly disabling the deployment of the air bags and/or seat belt pretensioners.
Remedy: Toyota will notify owners, and dealers will inspect the ECU and install a noise filter between the air bag control module and its wire harness, as necessary, free of charge. Owners were notified of the safety risk beginning March 2, 2020. A second letter notifying owners of the remedy repair will be mailed between March 16, 2020 and June 27, 2020. Owners may contact Toyota customer service at 1-888-270-9371. Toyota's numbers for this recall are 20TB03, 20TA03 and 20TA05.
Campaign 20V024000 · 17/01/2020
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Questions buyers ask
What is the typical asking price for a 2016 Toyota Corolla?
Used 2016 Toyota Corolla listings ask about $12,509 at typical mileage, with most listings between $11,497 and $15,810. That is what sellers are asking, not what buyers pay.
Is the 2016 Toyota Corolla cheaper than MSRP?
Yes — its original MSRP was about $17,300, so the typical asking price for a used one is roughly $4,791 below MSRP.
What is the out-the-door price of a 2016 Toyota Corolla?
Out-the-door (price plus state tax, title, registration, and a typical doc fee) runs about $12,820 in MT to $14,364 in NJ, depending on your state. Local taxes can add more.
Is now a good time to buy a 2016 Toyota Corolla?
There are about 44 days of national market supply for the 2016 Toyota Corolla — Supply and demand are roughly balanced for the 2016 Toyota Corolla.
Is the listed price on a 2016 Toyota Corolla fair?
Not always. 2016 Toyota Corolla listings typically ask about $13,045, roughly 4% above the typical asking price at typical mileage, $12,509. Compare any listing against that figure, and get the dealer's out-the-door price in writing, because tax and fees are added on top of the listed price.
What does the dealer pay for a 2016 Toyota Corolla?
The estimated dealer cost (invoice) is roughly $15,916–$16,608 — its $17,300 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 10/26/2026. Estimates only; your price depends on condition, options, and location.