2024 Toyota Corolla: 5-Year Total Cost of Ownership
Quick Answer
The 2024 Toyota Corolla costs $30,933 to own over 5 years, or $516/month. The biggest expenses are depreciation ($9,198) and insurance ($9,060).
✓ Updated March 2026✓ Based on state insurance filings
5-Year Total Cost of Ownership
$30,933
$516/month • $0/mile
Cost Breakdown
Depreciation$9,198 (30%)
Insurance$9,060 (29%)
Fuel/Energy$6,600 (21%)
Maintenance$1,810 (6%)
Financing$3,905 (13%)
Registration$360 (1%)
Year-by-Year Costs
| Year | Depreciation | Insurance | Fuel | Maintenance | Total |
|---|---|---|---|---|---|
| Year 1 | $3,219 | $1,812 | $1,320 | $362 | $6,713 |
| Year 2 | $1,495 | $1,812 | $1,320 | $362 | $4,989 |
| Year 3 | $1,495 | $1,812 | $1,320 | $362 | $4,989 |
| Year 4 | $1,495 | $1,812 | $1,320 | $362 | $4,989 |
| Year 5 | $1,495 | $1,812 | $1,320 | $362 | $4,989 |
Key Facts
1-Year Depreciation
14% ($3,219)
5-Year Depreciation
40% ($9,198)
Annual Repair Cost
$362
Annual Maintenance
$362
These are estimates based on state averages. Your exact rate depends on your specific profile.
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