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By KBB Editors
Updated December 23, 2019
If you’re looking for a compact sedan with a reputation for reliability, great resale value and good fuel economy, the 2008 Toyota Corolla tops a very short list.
If you’re looking for a small sedan with cutting-edge styling and a long list of standard features, the Corolla may not be your cup of tea. Those looking for a more stylish interior and the latest high-end options might want to check out the Mazda Mazda3 or Volkswagen Rabbit.
No major changes for 2008.
Looking for an inexpensive car that offers a lot for the money? Consider the 2008 Toyota Corolla Sedan. While it may be a bit more expensive than some competitors, the Corolla has an exemplary history (38 years to be exact) of quality, longevity and reliability, not to mention a minimal appetite for fuel. Still, some shoppers will inevitably turn to the less-expensive and better-equipped models from Hyundai, Kia and Suzuki. But, buyer beware; for as these cars appear to offer more features and better styling for less money up front, when it comes trade-in time the Corolla owner will be laughing all the way to the bank.
2008 Toyota Corolla pricing starts at $4,793 for the Corolla CE Sedan 4D, which had a starting MSRP of $16,352 when new. The range-topping 2008 Corolla S Sedan 4D starts at $6,068 today, originally priced from $17,987.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$16,352 | $4,793 | |||
$17,562 | $5,435 | |||
$17,987 | $6,068 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2008 Toyota Corolla models in typical condition when purchasing from a dealership. These prices are updated weekly.
No matter which trim level you choose, you’ll get the same peppy 1.8-liter engine and five-speed manual transmission. Rated at 126 horsepower, the Corolla’s engine uses a number of high-tech features to help it move quickly while sipping fuel at a miserly pace. Even with the optional four-speed automatic, the Corolla feels relatively quick on level surfaces, though it does struggle a bit in high elevations or with a carload of people onboard. On the road, you’ll find the 2008 Toyota Corolla a joy to drive. Its stable suspension returns a smooth ride, yet it’s able to negotiate quick maneuvers without any loss of composure. Keep in mind the Corolla is not a sports car, but driven within reason the Corolla will always go where you point it and stop when you tell it to stop.
The 2008 Toyota Corolla touts a beautifully-detailed cabin with firm, supportive seats, grade-A quality plastics and a rear seat that can actually accommodate two adults in relative comfort. As with most cars in this class, the radio and heating controls are placed in the center section for ease of operation, though with the Corolla you may find that operating the radio requires a bit of a reach. There are bins and storage compartments galore, including four separate cup holders.
The Corolla features a tall body that raises the bumper height a few inches, a feature that comes in handy when tapping bumpers with today’s monster SUVs. The styling is subtle but pleasant. The sporty S model looks the best of the three trims, but offers no additional horsepower or performance enhancements.
Auto-Dimming Rearview Mirror
The auto-dimming rearview mirror, optional on the LE grade, includes a built-in compass.
Optional Vehicle Stability Control (VSC)
Perhaps the most important safety feature since the invention of the airbag, VSC can help avoid accidents by keeping the car traveling in its intended direction.
The Corolla CE features a 1.8-liter engine, five-speed manual transmission, air conditioning, rear defroster, digital clock, automatic headlamp control, power mirrors, AM/FM stereo with CD, tilt wheel, tachometer and full wheel covers. The S trim adds ground effects, fog lights, six-speaker stereo, red illuminated instruments and chrome accents. The LE adds wood trim, power windows, Optitron instrumentation and remote keyless entry.
Options vary by trim and include power windows, power locks, remote keyless entry, four-speed automatic transmission, rear spoiler, alloy wheels, power moonroof, auto-dimming inside mirror, anti-lock brakes (ABS), Vehicle Stability Control (VSC), audio upgrades, front side-impact airbags, front and rear side-curtain airbags and cruise control. There are also a number of dealer and port-installed options that vary in price depending on region.
The Corolla’s 1.8-liter engine remains one of the best in the industry. Though it’s no hot rod, there is enough pep under the hood to move the Corolla briskly and the engine’s miserly fuel consumption is among the best in this class.
1.8-liter in-line 4
126 horsepower @ 6000 rpm
122 lb.-ft. of torque @ 4200 rpm
EPA city/highway fuel economy: 28/37 (manual), 26/35 (automatic)
Get 4.99% APR for 60 months on a new 2025 Corolla.
Lease a new 2025 Corolla Hybrid LE for $279 per month for 36 months with $3,999 due at signing.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | $156 | $4,659 | $3,434 | ||
2023 | + $256 | $4,915 | $3,782 | ||
2024 | $897 | $4,018 | $2,650 | ||
Now | $303 | $3,715 | $2,472 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 2530 lbs. | ||
---|---|---|---|
EPA Passenger | 90.3 cu.ft. | ||
Fuel Capacity | 13.2 gallons | ||
Front Head Room | 39.3 inches | ||
Front Leg Room | 41.3 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.7 inches | ||
Overall Length | 178.3 inches | ||
Front Shoulder Room | 53.1 inches | ||
Towing Capacity, Maximum | 1500 lbs. | ||
Trunk or Cargo Capacity | 13.6 cu.ft. | ||
Turning Diameter | 36.1 feet | ||
Wheel Base | 102.4 inches | ||
Width with mirrors | 66.9 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Number of Doors | 4 doors | ||
Privacy Glass | Available | ||
Rear Spoiler | Available |
City | 26 mpg | ||
---|---|---|---|
Highway | 35 mpg | ||
Combined | 29 mpg |
Drivetrain | FWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
4 speed | Available | ||
Recommended Fuel | Regular |
Horsepower | 126 @ 6000 RPM | ||
---|---|---|---|
Torque | 122 @ 4200 rpm | ||
Engine | 4-Cyl, 1.8 Liter |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 5 years / Unlimited miles |
Used 2008 Toyota Corolla | Used 2012 Volkswagen Passat | Used 2013 Volvo S60 | Used 2010 Pontiac G6 | ||
---|---|---|---|---|---|
Price | $4,793 | $5,150 | $5,028 | $5,251 | |
KBB.com Rating | N/A | 4.1 | 3.9 | N/A | |
Consumer Rating | 4.7 | 4.5 | 4.5 | 4.1 | |
Fuel Economy | City 26/Hwy 35/Comb 29 MPG | City 22/Hwy 31/Comb 25 MPG | City 21/Hwy 30/Comb 24 MPG | City 18/Hwy 29/Comb 23 MPG | |
Fuel Type | Gas | Gas | Gas | Gas | |
Safety Rating | N/A | 5.0 | N/A | N/A | |
Seating Capacity | 5 | 5 | 5 | 5 | |
Basic Warranty | 3 years or 36000 miles | 3 years or 36000 miles | 5 years or 50000 miles | 3 years or 36000 miles | |
Horsepower | 126 @ 6000 RPM | N/A | 250 @ 5500 RPM | 219 @ 5800 RPM | |
Engine | 4-Cyl, 1.8 Liter | 5-Cyl, PZEV, 2.5 Liter | 5-Cyl, Turbo, 2.5 Liter | V6, 3.5 Liter | |
Drivetrain | FWD | FWD | FWD | FWD |
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Yes, the 2008 Toyota Corolla is a good car. Its Kelley Blue Book rating of 0 out of 5 is within 10% of our average rating.
The 2008 Toyota Corolla is rated to return city/highway fuel economy of 26/35 mpg.
Used 2008 Toyota Corolla prices currently range from $4,793 for the CE Sedan 4D to $6,068 for the S Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2008 Toyota Corolla is the CE Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $4,793.
The 2008 Toyota Corolla is part of the 9th-generation Corolla, which our owners give an above-average reliability rating of 4.8 out of 5.