By Joe Tralongo
Updated December 23, 2019
While it’s easy to be tempting with bells and whistles, there’s a certain comfort investing your money in a known commodity. The 2016 Toyota Yaris has an excellent reputation and good resale, two very attractive attributes to budget-conscious buyers.
The Yaris is rather Spartan when it comes to power and features, and its stellar reputation is not exclusive. A Honda Fit holds equally strong values, while the Ford Fiesta and Kia Rio offer more power and curb appeal.
For 2016, the Toyota Yaris subcompact gets two new color combos, pairing Barcelona Red or Crushed Ice with a Black Sand Pearl Roof.
With its recent facelift and infusion of new features, Toyota’s Yaris subcompact for 2016 shines a little brighter, but still not as brightly as some rivals. For starters, there’s no performance variant to compete with the Ford Fiesta ST or turbocharged Chevy Sonic, meaning the Yaris’s strongest appeals are its low price and stellar reputation for reliability. Unfortunately, while most cars its size are usually fun to drive, the Yaris doesn’t inspire much more than daily commutes and weekend road trips. And, despite its three trim levels, even a fully loaded Yaris won’t offer features like heated front seats, a power sunroof or even a telescopic steering wheel. On the flip side, if you’re looking for basic, reliable and affordable transportation, the Yaris holds strong appeal.
2016 Toyota Yaris pricing starts at $11,052 for the Yaris L Hatchback Coupe 2D, which had a starting MSRP of $16,455 when new. The range-topping 2016 Yaris SE Hatchback Sedan 4D starts at $11,284 today, originally priced from $18,555.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$16,455 | $11,052 | |||
$16,830 | $9,185 | |||
$17,390 | $11,621 | |||
$17,765 | $10,124 | |||
$18,555 | $11,284 |
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 2016 Toyota Yaris models in typical condition when purchasing from a dealership. These prices are updated weekly.
Although improvements to last year’s model resulted in a stiffer body and better suspension, the overall driving feel behind the 2016 Toyota Yaris’ wheel is still rather mundane. With only 106 horsepower, the Yaris’ engine isn’t very powerful. Acceleration is acceptable, but don’t expect a lot of power for passing or merging, especially when others are along for the ride. The antiquated 4-speed automatic doesn’t help matters much and the 5-speed manual, a feature we usually enjoy, feels rubbery and vague. Most of the Yaris competitors, such as the Chevy Spark and Honda Fit, offer a CVT automatic that improves both performance and fuel economy. Of the three Yaris trims, the SE has the sportiest attitude, offering a bit more styling and up to 37 mpg with the manual transmission.
The Yaris interior is perhaps the most appealing part of the car. There are plenty of soft-touch surfaces, giving this least expensive Toyota a slightly more premium feel. Don’t get too excited, however, this is still a budget-priced economy car, not a Lexus. Another bonus is the overall dash design integrating Toyota’s Entune touch-screen infotainment system. Now the bad news. There’s no telescoping steering wheel – limiting driver comfort – and rear-seat passengers will find themselves with limited legroom. There’s decent cargo space behind the folding rear seats, although the Yaris lacks the Honda Fit’s cargo flexibility.
Toyota fits its big-mouth grille to the 2016 Yaris, as if the vast expanse of black plastic on the front of the car had somehow failed to grab your attention. That, plus a stylized rear-end treatment, gives the 2016 Yaris an unmistakable appearance in a crowded market. We’re not sure we’re 100 percent behind the new look, but it’s certainly distinctive, especially the SE model with its aluminum-alloy wheels, fog lights and rear spoiler. The Yaris’s small size makes it easy to park and maneuver in traffic.
ENTUNE
Toyota’s Entune audio system includes a 6.1-inch touch screen, HD radio, iTunes tagging, a USB/iPod interface, voice recognition and Bluetooth wireless music streaming. It can also be upgraded with port or dealer-installed navigation.
NINE AIRBAGS
With a total of nine airbags, the 2016 Toyota Yaris 3-door and Yaris 5-door are all about safety. Add in the standard traction and stability control, and the Yaris clearly has its occupant’s best interest in mind.
You can get Toyota’s 2016 Yaris subcompact in two hatchback body styles, with three or five doors. The base L model gets the Entune touch-screen infotainment system that includes USB and Bluetooth, along with a 60/40-split folding rear seatback, tilt steering, power windows and air conditioning. The more premium LE model adds cruise control, a steering wheel with audio controls, and remote keyless entry. SE models include a leather-trimmed steering wheel and shift knob, and better instruments, as well as 4-wheel-disc brakes. The Yaris also comes with ToyotaCare scheduled maintenance and roadside assistance for two years or 25,000 miles.
About the only noteworthy stand-alone option is actually an accessory: an $800 or so navigation system that’s available as an add-on to Entune. The rest of the options are divided firmly into the model levels – if you want cruise control, you have to get an LE or SE, since it’s not available with the L at all.
The 2016 Yaris from Toyota uses a simple 1.5-liter 4-cylinder engine with Variable Valve Timing with intelligence (VVT-i) that’s good for 106 horsepower. Sending that power to the front wheels is either a 5-speed manual transmission or a 4-speed automatic. For around town, the engine is fine, but on the highway, it becomes the little engine that barely can, especially if you’re trying to pass on a 2-lane highway. The transmissions both feel antiquated as well. The manual’s shift action isn’t particularly smooth, and the 4-speed automatic is outclassed by competitors offering 6-speeds or continuously variable automatic transmissions. Fuel economy is pretty good though, and the little engine requires only regular-grade gasoline.
1.5-liter inline-4
106 horsepower @ 6,000 rpm
103 lb-ft of torque @ 4,200 rpm
EPA city/highway fuel economy: 30/37 mpg (manual), 30/36 mpg (automatic)
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | + $1,777 | $10,828 | $9,724 | ||
2023 | $1,368 | $9,460 | $8,130 | ||
2024 | $1,773 | $7,687 | $6,238 | ||
Now | $186 | $7,501 | $6,093 |
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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 | 2335 lbs. | ||
---|---|---|---|
EPA Passenger | 85.1 cu.ft. | ||
Fuel Capacity | 11.1 gallons | ||
Front Head Room | 39.3 inches | ||
Front Leg Room | 40.6 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.5 inches | ||
Overall Length | 155.5 inches | ||
Front Shoulder Room | 52.5 inches | ||
Trunk or Cargo Capacity | 15.6 cu.ft. | ||
Turning Diameter | 31.5 feet | ||
Wheel Base | 98.8 inches | ||
Width with mirrors | 66.7 inches |
Number of Doors | 4 doors | ||
---|---|---|---|
Rear Spoiler | Available |
City | 30 mpg | ||
---|---|---|---|
Highway | 36 mpg | ||
Combined | 32 mpg |
Drivetrain | FWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
4 speed | Available | ||
Recommended Fuel | Regular |
Horsepower | 106 @ 6000 RPM | ||
---|---|---|---|
Torque | 103 @ 4200 rpm | ||
Engine | 4-Cyl, 1.5 Liter |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 5 years / Unlimited miles |
Yes, the 2016 Toyota Yaris is a good car. Its Kelley Blue Book rating of 4 out of 5 is within 10% of our average rating.
The 2016 Toyota Yaris is rated to return city/highway fuel economy of 30/36 mpg.
Used 2016 Toyota Yaris prices currently range from $9,185 for the L Hatchback Sedan 4D to $11,621 for the LE Hatchback Coupe 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2016 Toyota Yaris is the L Hatchback Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $9,185.
The 2016 Toyota Yaris is part of the 2nd-generation Yaris, which our owners give an above-average reliability rating of 4.9 out of 5.