5 Reasons the Toyota Corolla is a Top Choice for College Grads on a Budget
Ask any of the Toyota dealerships in New Jersey, and they’ll tell you, if you’re in college, or a fresh college grad just starting out -it’s hard to beat the value provided by the Toyota Corolla.
But that’s not some secret that NJ car dealers know, the fact is that the Toyota Corolla is the #1 selling car in the history of the world, selling 1.3 million units in 2015 alone. So what is it that makes Corolla so preferred among those who are just starting out?
Starting at $17,300 for a new off the lot model, the price is right, especially for drivers who are fresh out of college, in an entry level position and working to pay down student loans. When factoring in just a few years on a low mileage used model, that price can jump down quite dramatically making a monthly car payment easier to bear.
When one of your car buying goals is to have a low monthly payment, you can’t afford costly repairs either. For those looking for reliability, look no further. Toyotas are known for their reliability, but the Corolla holds a solid reputation even among other Toyotas. It’s common to find Corolla owner’s both past and present touting that they’ve driven their Corolla’s 300,000 miles and beyond before selling them to another lucky but budget conscious owner. It’s hard to name another car with that kind of a reputation for reliability and the reason is that they don’t make many. 90% of all Toyota Corollas sold in the last ten years are still on the road.
Corolla’s current fuel efficiency is worth noting at 30 miles per gallon in the city and 42 miles per gallon on the highway. According to the mileage tracking site Fuelly.com, Corolla’s have been averaging over 30 miles to the gallon dating back to the year 2000.
Because of their high reliability factor, people are willing to buy Corolla’s well beyond the mileage limits they may have set in their minds for other makes and models. It surely is an added bonus to know that you will be able to get something for your Corolla when you’re ready to sell or trade it in.
The current Toyota Corolla model has the highest 5 star safety rating - with 5 out of 5 stars in 11 out of 12 different safety tests. It packs a lot of key features such as vehicle stability control, traction control, anti-lock brakes, electronic brake-force distribution, and brake assist to name a few.
Kelley Blue Book often considered the standard in car value says that the Corolla “has provided the template for affordable personal transportation: affordable, durable and efficient,” and if you ask us, when it comes to sheer value, it’s about as close to a sure thing as it gets.