Learn about the Toyota Corolla compact car. See the engine specifications, gas mileage, price, and MSRP. Research Toyota LE warranty features and Toyota Financial Services lending options.
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About the 2007 Toyota Corolla sedan
The 2007 Toyota Corolla is produced under the Toyota automobile brand name. It is classified as a compact car and comes with a sedan body. This 4 door sedan has front wheel drive with a 5-speed manual transmission. The Toyota Corolla is primarily imported from the country of Japan. The Toyota automobile line is a subsidiary motor vehicle maker held by Toyota Motor Corporation.
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The Toyota Corolla is available in a number of trim levels and packages including the 2007 Toyota Corolla LE 4 Door Sedan (1.8L 4-Cylinder 5M). This variation of the Corolla sedan features the LE 4 door sedan with a 1.8L 4-cylinder 5M on the Toyota Corolla chassis. The Corolla LE trim can add automobile upgrade plans based on the origin of the automobile and the time of production.
Toyota Corolla LE Prices and MSRP
Are you interested in owning a 2007 Toyota Corolla LE? The initial MSRP is quoted at $15,515 and used vehicle Kelly Blue Book prices are generally found at lower price points. Used quotes are calculated with the year, make, style, and other details. Toyota Corolla prices can increase beyond these ranges because of factors like increased consumer demand, reduced supply, and auto industry shortages. In 2021, SUV, car, and truck valuations and affiliated automobile equity grew due to chip production shortfalls and supply chain hiccups. This shortage brought on pressure on the new and used vehicle market with older used prices overtaking the value highs previously only seen by new automobile sales.
MSRP: $15,515
Trim & Style: LE 4 door sedan with a 1.8L 4-cylinder 5M
Made In: Japan
Corolla LE Performance Specifications and Engine
The performance specs and efficiency of your vehicle’s engine matter a lot. For example, if you are towing a load or enclosed trailer with a truck. The power, specifications and abilities of your engine pulling package matters a lot. Your quarter mile time, horsepower, and engine can lead to more bragging rights if you are taking your sports car out for a track day. However, if you are searching for a smaller economical car or sedan to run about town as an everyday driver, you might not even care what is under the hood so long as it is efficient and the engine runs well.
Toyota Vehicle Additional Information
The 2007 Toyota Corolla might feature a few different performance bundles and engine alternatives. This exact Toyota automobile comes with the 1.8 gas engine with a front wheel drive drivetrain.
Engine: 1.8L 4-cylinder 5M
Horsepower: 126
Doors: 4 door
Transmission: 5-speed manual
Drive Type: front wheel drive
Fuel: gas
MSRP: $15,515
Manufactured: Japan
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
Fuel Usage and Gas Mileage (MPG)
Knowing about gas mileage and fuel economy are crucial details when it involves looking at a Toyota Corolla. Besides the purchase expense of the vehicle, the fuel expense is commonly the next most costly factor when it comes down to auto ownership. The next most costly element is adhering to the recommended upkeep schedule and handling preventive routine maintenance.
The U.S. Environmental Protection Agency or EPA offers assessments into gas mileage (MPG) and the amount of miles a vehicle can economically drive per a gallon of fuel required to operate on city streets and on the highway. MPG is dependent on Toyota Corolla engine type, efficiency, operation elevation, and other things like aftermarket adjustments, but it provides a good standard for fuel use.
For the 2007 Toyota Corolla, the EPA approximates drivers will get an average of 28/37 MPG for driving on city streets and while driving on the highway. These values are different because city driving entails traversing neighborhood roadways, stopping at stop lights, pausing at stop signs, waiting at crosswalks for pedestrians, and other things which require the Toyota Corolla to start and stop more often. On the highway, the Toyota Corolla’s engine and fuel efficiency can be pushed to the limit attaining a better MPG score.
Compare Your Car’s MPG
Are you thinking about comparing and contrasting vehicle MPGs? Check to see how your present vehicle compares to the fuel performance of the 2007 Toyota Corolla. This could be an important factor in the motor vehicle purchasing journey. Use the gas mileage comparison calculator shown below to see how many more miles you could drive and costs related to fuel. Can you save cash by driving this Toyota Corolla or will it cost you more?
Financing your 2007 Toyota Corolla sedan can be a great way to get into the motor vehicle of your dreams while paying it off over the course of numerous years by making monthly payments. Most car owners begin the motor vehicle purchasing journey by choosing the vehicle model they prefer to get. Next, you need to calculate the amount of money you will need to get to finance the vehicle by finding the difference in between the sticker cost of your new Toyota Corolla and the valuations of your car deposit and any trade-in value from your existing automobile. Subtract these values from the brand-new vehicle’s value.
This will calculate the amount you will be required to finance your 2007 Toyota Corolla. Talk to lending institutions to see quoted financing deals. These offers will be based on your credit scores, consumer profile, and credit history. It is excellent to compare funding rates from a number of loan providers (checking deals with 3-4 lending institutions is excellent). Doubling examining the competing offers will assist you get the finest funding offer possible on your Toyota automobile.
To finish your Corolla financing, you need to do several things consisting of having a qualifying credit rating, meeting lender qualifications, and meeting automobile financing requirements. Try to have a credit score of over 600 (nonprime credit category) when shopping for a newer make vehicle. Credit ratings in the 500s (subprime category) may be acceptable for a little older used car financing. Improving your credit score is important considering your score immediately impacts your offered lending rates during the finance process.
Other loan provider requirements include making a specific quantity of money each month and meeting residency requirements by living in an area the lender services. Your car or truck must satisfy general vehicle financing requirements like being more recent than 10 years old and having less than 100K miles with favorable motor vehicle equity.
Toyota Corolla Refinancing
Refinance your Toyota Corolla LE sedan. Learn how you can save money by adjusting your current loan.
Find Toyota Corolla Insurance
Learn about insurance and see coverage options for your Toyota Corolla. Bundling your insurance can save you money.
About Toyota Financial Services
Toyota Financial Services is Toyota’s internal monetary services branch. If you are considering purchasing a newer automobile from an auto brand car dealership, they can offer many financing offerings through their internal finance services branch. The incentives and offers can consist of financing deals like 0% APR for 60 months and 6.9% stand alone APR for 84 months (based on your down payment). Toyota Financial Services can also supply lease offers and incentives like 10,500 annual miles for 39 months with a set dollar amount due at finalization.
Finding Funding for Your Corolla LE
It is very important to understand how much you can afford to pay for your brand-new 2007 Toyota Corolla. This is very important not merely for vehicle budgeting when monitoring your personal financial resources but also for comparing finance deals from different lending institutions. Checking your rates and terms with a finance calculator is among the easiest methods to rapidly see your predicted automobile payment.
How Much is the Monthly Car Payment to Buy a Toyota Corolla LE?
Are you wondering how much money it would be to get an auto loan on a 2007 Toyota Corolla? Here is an approximate cost you can use to kick off your research! The best answer to the motor vehicle payment estimate question depends on a couple of things. The regular monthly automobile payment on a Toyota Corolla LE is calculated by your down payment amount, auto loan lending rates, loan term, credit report, trade in-value, and similar factors. Details like the sales tax on the Corolla LE also must be thought about. Now, we are ready to find the estimated payment. Considering that the manufacturer’s suggested retail price or MSRP is $15,515, an average auto payment for a new Corolla can be approximately $224.88.
This is determined by taking the MSRP minus a 10% deposit alongside a vehicle loan rate of 5% throughout a term of 48 months. Always remember these aspects may vary depending on your quoted loan rates, APR, and credit union offers. Remember this amount is what it may cost if you were to buy the 2007 Toyota Corolla “brand-new” based upon the MSRP. With older and used cars, there is a significant probability the month-to-month car payment will be noticeably varied. You can check alternative quotes using different numbers by using a auto loan calculator.
Estimated Monthly Payment
$224.88
Involved Payment Factors
MSRP: $15,515 Down Payment: 10% (estimated payment) Loan Interest Rate: 5% (average rate) Car Loan Term: 72 months (varies by offer)
Note: This estimated payment does not include other factors and costs like sales tax which would normally be included in actual payment estimate.
2007 Toyota Corolla Refinancing
Refinancing your Toyota Corolla is also a choice to keep in mind after you have already made a number of your preliminary monthly car or truck payments. The original lenders you initially funded through typically have incentives and deals which expire or are front-weighted. Special offers like cash back rebates and 0% APR financing discount rates may start losing their efficiency or worth after 6 to 12 car payments.
When refinancing is a good alternative to consider, thoroughly check out the terms and conditions of your finance contract and examine the details to see how the refi process will help you. Refinancing gives you the power to reset your vehicle financial obligation with a brand-new loan provider effectively modifying your car loan’s interest rate and term. If your financing scenario has changed given that you purchased your Toyota Corolla or if your initial terms are not good for you, consider refinancing. You can generally save cash on your monthly auto payments by refinancing your vehicle loan.
Toyota Corolla Insurance Coverage
Maintaining an automobile insurance policy insurance coverage for your Toyota Corolla is a must. Selecting the ideal plan for you may help pay for costs and damages associated with motor vehicle accidents, motor vehicle theft, and additional damage to your SUV, car, or truck. Not only will your insurance policy assist you in repairing the damage from an automobile crash or striking a stationary object, but holding current insurance is usually a legal necessity to operate a vehicle on the roads in numerous states and counties in the U.S. The best auto insurance plans include comprehensive collision coverage which helps you repair crash-related damage to your Toyota sedan and cover non accident-related damage from lots of things like bad weather, storms, wildland fires, vandalism, and wild animal impacts on top of automobile accidents. The insurance plan can additionally help you fix the 1.8L engine in your sedan in addition to other mechanical parts. The amount you spend for the policy coverage can change and is typically based upon the year of manufacture of your car. If you drive the 2007 LE, this will be factored into your regular monthly insurance coverage payments. Find out more about insurance coverage and safeguard your Toyota Corolla LE 4 door sedan with a 1.8L 4-cylinder 5M.
Where to Buy Toyota Corolla LE
There are a lot of things to mull over when it comes time to purchase a car. You want to get the ideal make and model that fits your needs along with handling a vehicle payment that fits into your budget plan. There are a lot of options out there for searching for used and new car stock, so it can be hard to know where to start your vehicle purchasing journey. Give Carvana a try.
We commonly think about branded factory manufacturer’s warranties when it involves purchasing a premier support for your brand-new car or truck. These factory service warranties include basic coverages like a limited 3 year in duration or 36,000 mile bumper-to-bumper warranty and a 5 year duration or 60,000 mile powertrain guarantee. These annual timeframes start from the initial purchase date by the first car’s owner.
Supplemental manufacturer car service contracts are often readily available based on the vehicle’s engine type. New vehicles with diesel engines can come with a factory 5 year or 100,000 mile powertrain service warranty. Hybrid cars and electric powered vehicles (EVs) can additionally have distinct protection like a 8 year long or 100,000 mile warranty.
There are also extended motor vehicle service plans (VSPs), Certified pre-owned (CPO) coverage, and extra service warranty protection alternatives offered outside of the producers factory programs. VSPs provide maintenance service plans with additional coverage for components and parts in the event that your vehicle struggles with an explosive mechanical failure. When buying a used car or truck, these are good options to consider.
CPO guarantees often add protection for extra years limited by time and mileage like 2 years or 80,000 miles on the vehicle. Cars, trucks, and SUVs that hold CPO status go through an extensive pre-owned evaluation by professional brand specialists which adds additional service warranty years. CPO motor vehicles generally cost more than similar used automobiles , however, they may be worth it for coming with comfort that the car you are shopping for is mechanically healthy.
Other protection alternatives include pre-paid car maintenance programs from vehicle dealerships. These programs help to maintain the parts, services, and labor that belong to the advised manufacturer’s service schedule. You will find these service checks and associated mileages listed in the car owner’s handbook.
Information Regarding Corolla Warranty Details
Factory Warranty: A factory warranty is what you probably think of when the idea of car warranties are brought up. These kinds of manufacturer’s warranties frequently come with new SUVs, trucks, or cars and are one of the most convenient and most budget-friendly ways to maintain your car– warranty wise since the brand-new car or truck will likely cost more than a used one leading to you spending more money. The factory warranty is similar to a manufacturer’s warranty and is a commitment from the car manufacturer. Under the warranty protection, the vehicle manufacturer will repair any damaged areas and/or replace any damaged parts due to manufacturing problems, materials, and faulty craftsmanship without expense to you as the car or truck owner. The warranty ensures the car or truck will be repaired to original operating condition.
Drivetrain Warranty: A drivetrain warranty covers the parts and components which move or “drive” the vehicle ahead. The pieces of the drivetrain can contain the axles, driveshaft, transmission, engine, exhaust manifolds, wheels, and related components. The service warranty also typically protects engine components like seals, gaskets, and other rubberized components. A drivetrain service warranty is another term for a powertrain service warranty and might cover comparable components depending upon the automaker’s definitions and warranty terms.
Roadside Warranty: A roadside warranty can help you when you are stranded or breakdown when driving. This warranty for the Toyota Corolla LE includes basic help services like towing, flat tire fixing or replacement, dead battery help and jumpstarts, lockout help, fluid and fuel transport and delivery, and other comparable services. A roadside warranty resembles roadside assistance, however it is included with the new motor vehicle from the manufacturer and not an add-on product through your car insurance policy or a vehicle service plan or VSP.
Rust & Corrosion Warranty: A rust and corrosion warranty helps to defend the body, materials, and frame of the car. Automakers often include this warranty with brand-new cars to help repair damage caused by caustic liquids, elements, and materials.
Toyota Corolla Factory Warranty Coverage
Factory Warranty: 3 years / 36,000 miles
Drive Train Warranty: 5 years / 60,000 miles
Roadside Warranty:
Rust & Corrosion Warranty: 5 years / unlimited miles
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
Toyota Corolla LE Manufacturer Specs
In order to appeal to a bigger market of consumers who are interested in the 2007 Toyota Corolla LE, different trim levels are provided. A lot of auto corporations deliver a variety of alternatives for their automobiles. This includes Toyota Motor Corporation who makes the Corolla model. These alternatives can consist of factors like assorted paint shades, wheel sizes, or bundles that consist of elements like a sunroof or entertainment system. Offering these options enables producers to appeal to diverse types of shoppers and also helps them to sell more automobiles.
These options permit customers to pick a vehicle which satisfies their needs plus can include various features that they may want in their vehicle. Some auto producers may offer things like a range of different engines, trim lines, and also performance packages to pick from, while others may provide different exterior colors or interior trim levels. The options that are offered will vary between car manufacturers, makes, and models, so do your research when you are searching for a vehicle with particular traits like heated seats or third occupant seating.
By putting in the time to investigate the different alternatives that are readily available, you, as the customer, can ensure that you are buying specifically what you want in your new vehicle. This sedan by Corolla comes geared up from the vehicle manufacturer with a number of standard setups and options. They consist of options like the MacPherson strut front suspension, front independent suspension, torsion beam rear suspension, front and rear stabilizer bar,4-way manual passenger seat adjustment, 6-way manual driver seat adjustments, bucket front seats, cloth, height adjustable driver seat,split-folding rear seatback,1 one-touch power windows, remote keyless power door locks, heated mirrors, power mirrors,clock, external temperature display, low fuel level warning, tachometer,front and rear cupholders, front door pockets, remote trunk release, speed-proportional power steering, tilt-adjustable steering wheel,front reading lights, interior air filtration, simulated wood trim on center console, simulated wood trim on dash, simulated wood trim on doors, trunk light, air conditioning, dual vanity mirrors,6 total speakers, telescoping antenna, AM/FM stereo,rear defogger, variable intermittent wipers,full wheel covers, inside mounted spare tire, steel wheels, temporary spare tire, 15 x 6 inch wheels, all season tires, P195/65R S tires, steel spare wheel,2 front headrests, 3 rear headrests, child seat anchors, daytime running lights, dusk sensing headlamps, engine immobilizer, front seatbelt pretensioners, emergency interior trunk release, rear center 3-point belt, rear door child safety locks, rear height adjustable headrests, ventilated front disc/rear drum brakes, and other common features.
Toyota Corolla Questions
Looking for info about the Toyota Corolla LE? Get answers to frequently asked questions. It is crucial to know what you are getting into with your vehicle purchase and research the specific details. Check out the vehicle specs and be aware of how the monthly car payment on an automobile can affect your budget. These questions can help you understand the capabilities of the vehicle along with MPGs, weight, horsepower, and engine capabilities.
What is a Toyota Corolla LE?
The Toyota Corolla is a vehicle line produced by Toyota Motor Corporation. The LE is a specific package of the Toyota Corolla lineup. The vehicle is categorized as a compact car.
How much does a Toyota Corolla LE cost?
The Toyota Corolla LE costs around $15,515.
What is the car payment to buy a Toyota Corolla LE?
The monthly car payment on a Toyota Corolla LE depends on your down payment, car loan interest rate, term, credit score, trade in-value, and other factors. Things like sales tax on the Corolla LE also need to be considered. Since the MSRP is $15,515, the average car payment for a new Corolla could be around $224.88. This can be estimated by using the MSRP minus a 10% down payment with a car loan interest rate of 5% over a term of 48 months. Keep in mind these factors will vary depending on your qualifying loan rates and lending offers. You can check additional estimates with varying numbers by using a car payment calculator.
Can I lease a Toyota Corolla LE?
You may be able to lease a Toyota Corolla LE through an auto loan lender or financial institution.
Can I refinance my Toyota Corolla LE?
You may be able to refinance your Toyota Corolla LE depending on your credit score and financial situation. To learn more about lenders who offer vehicle refinancing and car loans, check out the best auto refinance companies.
Where can I buy a Toyota Corolla LE?
Try searching car dealers like Carvana for a Toyota Corolla LE. They often have good deals on recent vehicles and may also have a similar Toyota Corolla in their inventory.
How far does the Toyota Corolla LE go on a single tank of gas?
The Toyota Corolla LE can usually travel around 369.6/488.4 miles miles on a full tank of gas. This range is dependent on driving conditions, vehicle maintenance, and other roadway factors.
Does the Toyota Corolla have good gas mileage?
Toyota Corolla gets an EPA estimated 28/37 MPG miles per gallon (MPG) on the city/highway roads. The combined MPG is 31 MPG. Understanding if this is a good gas mileage depends on what you are comparing the vehicle to. You can use our Gas Mileage Comparison calculator to see MPG estimates between vehicles with different MPG ratings along with destinations.
What kind of gas mileage does the Toyota Corolla get?
The Toyota Corolla gets 28/37 MPG (city/highway) MPG per the Environmental Protection Agency or EPA. The combined MPG rating is 31.
What type of gas does a Toyota Corolla use?
The Toyota Corolla uses the regular unleaded fuel type.
How much gas does the Toyota Corolla gas tank hold?
The gas tank in the Toyota Corolla holds 13.2 gallons of gas.
What type of vehicle is the Toyota Corolla LE?
The Toyota Corolla with the LE package is a compact car.
What is the towing capacity of a Toyota Corolla?
The Toyota Corolla has a towing capacity of 1,500 pounds.
How much horsepower does a Toyota Corolla have?
The Toyota Corolla has a horsepower rating of 126HP.
What kind of engine does a Toyota Corolla LE have?
The Toyota Corolla LE comes with a 1.8L 4-cylinder 5-speed manual engine.
What type of drivetrain does a Toyota Corolla LE have?
The Toyota Corolla LE features a front wheel drive drivetrain.
What kind of transmission does a Toyota Corolla come with?
The Toyota Corolla LE comes with a 5-speed manual transmission.
Where is the Toyota Corolla made?
The Toyota Corolla LE is made in the Japan by Toyota Motor Corporation.
Is the Toyota Corolla domestic or imported?
The Toyota Corolla is a imported vehicle.
What car company makes the Toyota Corolla LE?
The Toyota Motor Corporation is the auto manufacturer which produces the Toyota Corolla LE.
How much does a Toyota Corolla weigh?
The Toyota Corolla LE has a gross vehicle weight of pounds and a curb weight of 2,550 pounds. Learn more about how a vehicle is weighed.
What kind of warranty does the Toyota Corolla come with?
The Toyota Corolla LE can come with a few warranties from the manufacturer including a 5 years / 60,000 miles drivetrain warranty, a roadside warranty, a 5 years / unlimited miles anti-rust warranty, and a maintenance program.
