Real price data
What should you pay for a 2016 Toyota Corolla?
Original MSRP
$17,900
When new
Fair market price
$12,781
Mileage-adjusted
Below MSRP
$5,119
A fair used price
Where prices land
25th $11,497 · 75th $15,255 · MSRP $17,900
Spread of current 2016 Toyota Corolla listings · 25th–75th percentile marked.
Negotiating leverage
49
out of 100
moderate leverage
~46 days of national supply and listings typically ~6% above fair price — moderate negotiating leverage.
Ridekick's negotiating-leverage score blends national Market Day Supply with how far listings sit above the mileage-adjusted fair price. Higher means more room to negotiate.
Market demand & negotiating leverage
46days of supply
Balanced marketSupply and demand are roughly balanced for the 2016 Toyota Corolla.
National Market Day Supply — how long it would take to sell the current used 2016 Toyota Corolla inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.
Estimated dealer cost (invoice)
$16,468–$17,184
Estimated dealer invoice — about $17,900 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.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| L | $11,693 | $17,900 | $16,468–$17,184 |
| LE | $12,475 | $18,735 | $17,236–$17,986 |
| S | $12,704 | $19,365 | $17,816–$18,590 |
| S Plus | $12,825 | $20,065 | $18,460–$19,262 |
| LE Plus | $14,990 | $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 |
- L
- $11,693
- LE
- $12,475
- S
- $12,704
- S Plus
- $12,825
- LE Plus
- $14,990
Out-the-door price by state
Out-the-door for a 2016 Toyota Corolla runs about $13,092 in MT to $14,654 in NJ — fair price plus state tax, title, registration, and a typical dealer doc fee.
| State | Sales/use tax | Doc + title + reg | Out-the-door |
|---|---|---|---|
| CA | $927 | $110+ | $13,818 |
| TX | $799 | $332 | $13,912 |
| FL | $767 | $1,074+ | $14,622 |
| NY | $511 | $371 | $13,663 |
| PA | $767 | $587 | $14,135 |
| IL | $799 | $683 | $14,263 |
| OH | $735 | $444 | $13,960 |
| GA | $895 | $637 | $14,313 |
| NC | $383 | $793 | $13,957 |
| WA | $831 | $215+ | $13,827 |
| OR | $0 | $525 | $13,306 |
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.
Frequently asked questions
What is a fair price for a 2016 Toyota Corolla?
A fair, mileage-adjusted price is about $12,781, within a typical market range of $11,497 to $15,255.
Is the 2016 Toyota Corolla cheaper than MSRP?
Yes — its original MSRP was about $17,900, so a fair used price is roughly $5,119 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 $13,092 in MT to $14,654 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 46 days of national market supply for the 2016 Toyota Corolla — Supply and demand are roughly balanced for the 2016 Toyota Corolla.
How much can you negotiate on a 2016 Toyota Corolla?
Negotiating leverage rates 49/100 (moderate). ~46 days of national supply and listings typically ~6% above fair price — moderate negotiating leverage.
What does the dealer pay for a 2016 Toyota Corolla?
The estimated dealer cost (invoice) is roughly $16,468–$17,184 — its $17,900 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 7/11/2026. Estimates only; your price depends on condition, options, and location.