By KBB Editors
Updated December 23, 2019
If you’re on an economy-car budget, but you want something sporty and versatile, the 2008 Toyota Matrix deserves a good long look.
The four-cylinder engine has to rev high to make the most of its power, and some buyers might not be comfortable with that. With last year’s removal of its all-wheel-drive option, the Matrix has little advantage over newer, more powerful five-door models such as the Mazda MAZDA3 and Volkswagen Rabbit.
The 2008 Matrix carries over largely unchanged.
Once considered revolutionary, the 2008 Toyota Matrix is now joined by a fleet of competitors attempting to copy the little wagon’s combination of versatility and sporty good looks. Copy-cats may better be able to compete now that Toyota has simplified the model lineup, but an all-new Matrix is scheduled to debut in 2009, so no one should be resting on any laurels just yet. Despite its age, few rivals can match the Matrix’s outstanding quality, customer satisfaction ratings and terrific resale value. Holding strong appeal with teenagers bent on customizing every inch of their cars, the Matrix’s radical exterior is complimented by its highly versatile interior, which includes eye-catching glowing red gauges, a hard plastic cargo floor and a 115-volt outlet.
2008 Toyota Matrix pricing starts at $5,793 for the Matrix Sport Wagon 4D, which had a starting MSRP of $18,095 when new. The range-topping 2008 Matrix XR Sport Wagon 4D starts at $5,979 today, originally priced from $20,605.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$18,095 | $5,793 | |||
$20,605 | $5,979 |
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 Matrix models in typical condition when purchasing from a dealership. These prices are updated weekly.
The competent 1.8-liter engine can move the Matrix with ease, though you will have to keep the revs high in the rpm band to get the most of the engine’s power. The standard five-speed manual transmission is the most helpful for this task, although the optional four-speed automatic simplifies the driving. The Matrix’s precise steering feel makes it easy to get around curves with confidence and the firm suspension displays good cornering ability without a punishing ride. Interior sound levels are higher than one might expect, but not annoyingly so. Besides, we suspect most younger drivers will never hear the din over the optional JBL Audio system.
Look inside the Matrix and you’ll find a detailed interior that blends black cloth, chrome trim rings and brushed aluminum into pure automotive art. Gauges are housed in four deeply-recessed binnacles that are constantly backlit in a deep red glow. You’ll find the Matrix’s seating to be firm and comfortable, with a height-adjustable driver’s seat on the XR trim. The roomy rear seat sits up high, affording passengers more legroom as well as a good view forward. When not loaded with passengers, the Matrix’s seats can be folded flat to create a rather roomy 53 cubic feet of cargo area. Laptop junkies will love the two-prong 115-volt outlet standard on the XR.
The 2008 Matrix is based on the Corolla platform and shares its chassis and powertrain with the Pontiac Vibe. The Matrix is a bit more futuristic in appearance than the Vibe, with flared ground-effects panels, sweptback headlamps and a narrow rear window. The sweeping rear beltline makes for narrow rear side windows that can hinder a driver’s ability to see small objects that may be close to the rear wheels. The large hatchback makes it easy to load the cargo hold and, on the XR trim level, includes a rear wiper/washer. A number of aftermarket parts, both from Toyota and external suppliers, make it easy to customize the Matrix without having to spend a small fortune.
115-Volt Outlet
The 115-volt outlet on the XR’s dash should be standard in every car.
JBL Audio w/ Kicker Sub Woofer
If you like your music loud and your bass thumping, this system is sure to please.
The Matrix includes a 126-horsepower engine, five-speed manual transmission, air conditioning, rear defroster, front and rear cup holders, illuminated entry, dual remote-control mirrors, AM/FM stereo with CD, tilt wheel, tachometer, cargo cover and full wheel covers. The XR adds power mirrors, 115-volt outlet, power windows, power locks, remote keyless entry and a rear wiper/washer.
Options include cruise control, Vehicle Stability Control (VSC), front side-impact and front and rear side-curtain airbags, power glass moonroof, four-speed automatic transmission, auto-dimming rearview mirror, alarm, rear wiper/washer, anti-lock brakes (ABS), JBL audio and a number of dealer installed security and protection packages.
The high-reving four-cylinder is peppy and fuel-efficient — exactly what most buyers are looking for. Although not big on torque, the 1.8-liter can move the Matrix with ease, so long as the car is not loaded with passengers or climbing steep hills.
1.8-liter in-line 4
126 horsepower @ 6000 rpm
122 lb.-ft. of torque @ 4200 rpm
EPA city/highway fuel economy: 26/33 (manual), 25/31 (automatic)
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | + $202 | $4,766 | $2,880 | ||
2023 | + $7 | $4,773 | $2,881 | ||
2024 | $465 | $4,308 | $2,293 | ||
Now | + $27 | $4,335 | $2,363 |
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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 | 2679 lbs. | ||
---|---|---|---|
EPA Passenger | 96.2 cu.ft. | ||
EPA Total Interior | 118.0 cu.ft. | ||
Fuel Capacity | 13.2 gallons | ||
Front Head Room | 40.6 inches | ||
Front Leg Room | 41.8 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.9 inches | ||
Overall Length | 171.3 inches | ||
Front Shoulder Room | 53.2 inches | ||
Towing Capacity, Maximum | 1500 lbs. | ||
Trunk or Cargo Capacity | 21.8 cu.ft. | ||
Turning Diameter | 36.8 feet | ||
Wheel Base | 102.4 inches | ||
Width with mirrors | 69.9 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Number of Doors | 4 doors | ||
Privacy Glass | Available | ||
Roof Rails | Available | ||
Rear Spoiler | Available |
City | 25 mpg | ||
---|---|---|---|
Highway | 31 mpg | ||
Combined | 27 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 Matrix | Used 2011 Volkswagen Jetta | Used 2011 Subaru Outback | Used 2009 Kia Rondo | ||
---|---|---|---|---|---|
Price | $5,793 | $5,747 | $5,114 | $5,597 | |
KBB.com Rating | N/A | 3.3 | 3.6 | N/A | |
Consumer Rating | 4.6 | 4.4 | 4.2 | 4.4 | |
Fuel Economy | City 25/Hwy 31/Comb 27 MPG | City 24/Hwy 31/Comb 27 MPG | City 22/Hwy 29/Comb 24 MPG | City 20/Hwy 27/Comb 22 MPG | |
Fuel Type | Gas | Gas | Gas | Gas | |
Safety Rating | N/A | N/A | 4.0 | N/A | |
Seating Capacity | 5 | 5 | 5 | 7 | |
Basic Warranty | 3 years or 36000 miles | 3 years or 36000 miles | 3 years or 36000 miles | 5 years or 60000 miles | |
Horsepower | 126 @ 6000 RPM | 170 @ 5700 RPM | 170 @ 5600 RPM | 162 @ 4000 RPM | |
Engine | 4-Cyl, 1.8 Liter | 5-Cyl, PZEV, 2.5 Liter | 4-Cyl, PZEV, 2.5 Liter | 4-Cyl, 2.4 Liter | |
Drivetrain | FWD | FWD | AWD | FWD |
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Yes, the 2008 Toyota Matrix is a good car. Its Kelley Blue Book rating of 0 out of 5 is within 10% of our average rating.
The 2008 Toyota Matrix is rated to return city/highway fuel economy of 25/31 mpg.
Used 2008 Toyota Matrix prices currently range from $5,793 for the Sport Wagon 4D to $5,979 for the XR Sport Wagon 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2008 Toyota Matrix is the Sport Wagon 4D, with a Kelley Blue Book Fair Purchase Price of $5,793.
The 2008 Toyota Matrix is part of the 1st-generation Matrix, which our owners give an above-average reliability rating of 4.7 out of 5.