Used 2016 Toyota Corolla for Sale nearSaint John, NB

How much does the 2016 Toyota Corolla cost?

Prices have softened 5.45% compared to this time last year, making it a favourable time to shop this model year.

There are 262 listings available, which gives you a modest amount of inventory to compare.

Is the 2016 Toyota Corolla a good car?

Yes — the 2016 Toyota Corolla earns a 4.67/5 user rating and a 7.5/10 expert rating. The standout strength is Cost effectiveness at 9/10.

Owners consistently praise its fuel efficiency, smooth ride, and value for money, and many describe it as comfortable with a more upscale feel than you might expect at this price. That lines up with the Corolla’s role as a practical economy car that focuses on the features most buyers really need rather than flash. It remains a strong fit if you want straightforward daily transportation with a good balance of usefulness and affordability.

With 25.6% of listings marked as good or great deals, there is still meaningful value in the market.

Is the 2016 Toyota Corolla reliable?

Owners rate it 4.67/5, a strong signal of long-term satisfaction.

User feedback describes the Corolla as reliable and dependable, with owners saying it feels like a car you can count on for everyday use. The expert assessment also points to reliable daily driving for years, if not decades to come, which reinforces its long-term ownership appeal.

The main used-buyer risk is that some owners mention concerns about the CVT transmission, so it is worth paying close attention to service history and test-drive behaviour.

What should I look for when buying a used 2016 Toyota Corolla?

Key things to evaluate:

• Trim level: The CE is the most basic version, while the LE adds the touchscreen, heated front seats, standard air conditioning, remote keyless entry, a rearview camera, and premium fabric. The S adds a more distinctive look with a unique grille, integrated fog lights, a leather-wrapped steering wheel, available 17-inch alloy wheels, and a rear spoiler. The LE Eco is the efficiency-focused choice and includes standard automatic climate control.
• Powertrain: The Corolla uses a 1.8-litre inline four-cylinder. Most versions make 132 horsepower and 128 pound-feet of torque, while the LE Eco uses Valvematic technology and other mechanical tweaks to produce 140 hp and 126 lb-ft of torque. The CE can be had with a six-speed manual or four-speed automatic, while the LE and LE Eco use a CVT; the S comes standard with a six-speed manual and offers a CVT with sequential mode and paddle shifters.
• Safety package: Every Corolla features the Star Safety System, which includes eight standard airbags, vehicle stability control, traction control, and antilock brakes. Models with the touchscreen also get an integrated backup camera. Lower trims miss out on the higher-tech driver aids found in some rivals, including forward-collision warning, lane-departure warning, blind-spot monitoring, and adaptive cruise control.
• Infotainment: The LE gets a 6.1-inch touchscreen infotainment setup. Toyota’s Entune app suite is included, along with comprehensive voice control and Siri Eyes Free when paired with a Bluetooth-connected iPhone. Apple CarPlay and Android Auto are not offered.
• Fuel efficiency: The CVT-equipped model is rated at 8.2 L/100 km city, 6.2 highway, and 7.3 combined. The base CE with the four-speed automatic uses 8.6 city, 6.5 highway, and 7.6 combined, while six-speed manual versions return 8.4 city, 6.4 highway, and 7.5 combined. The LE Eco is the most efficient at 7.7 city, 5.6 highway, and 6.8 combined.

Which 2016 Toyota Corolla trim should I buy?

The 2016 Toyota Corolla is offered in 4 trim levels: CE, LE, LE Eco, and S.

Here's the short version:

• CE: This is the entry point, and it makes sense if you want the lowest-cost Corolla with the core essentials, including Bluetooth, USB input, LED headlights, 15-inch steel wheels, and eight airbags.
• LE: This is the best-value trim for most shoppers because it adds the touchscreen, heated front seats, a rearview camera, remote keyless entry, and premium fabric without pushing the price as high as the sportier S.
• LE Eco: Choose this if fuel efficiency is your top priority, since it is the most economical version and also gets standard automatic climate control.
• S: This is the style-focused choice, with the unique grille, fog lights, leather-wrapped steering wheel, and available 17-inch alloy wheels; it suits you best if appearance matters more than value.

Every Corolla includes the Star Safety System, and touchscreen-equipped models add a backup camera.

Is now a good time to buy a used 2016 Toyota Corolla?

This looks like a moderate market for selective buyers, with enough inventory to compare options and enough deal activity to reward patience.

• Deal availability: 25.6% of listings are priced as good or great deals.
• Inventory: There are 262 listings available.
• Price trend: Prices have softened 5.45% compared with last year.

If you find a listing below $14,263 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Toyota Corolla's resale value?

The current average of $14,466 CAD sits slightly below last year's $15,300 CAD.

That softer pricing suggests the Corolla has become more accessible for used buyers, which can help keep demand steady in the near term. For a future seller, it also means you may need to price carefully if you want to stand out against similarly equipped listings.

The Corolla’s value story is still supported by its reputation for reliability, efficiency, and low running costs. Those traits tend to keep it on shopping lists even when the market cools.

Vehicles with strong owner satisfaction ratings, like this model year's 4.67/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Toyota Corolla safe?

The 2016 Toyota Corolla earns a 7/10 safety score from our experts.

Every 2016 Toyota Corolla features the Star Safety System. It consists of eight standard airbags, vehicle stability control, traction control, antilock brakes, and more. Models equipped with the touchscreen also have an integrated backup camera.

The Corolla lacks many of the higher-tech driver-assistance features that are available on some rivals, including forward-collision warning, lane-departure warning, blind-spot monitoring, and adaptive cruise control. That means its safety equipment is solid, but not especially advanced for the class.

Should I buy a 2016 Toyota Corolla or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 25.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.45% compared with last year.
• Owners rate it 4.67/5 — a strong satisfaction signal.
• It pairs strong fuel economy with cost-effectiveness, and the Corolla remains a must-see for shoppers.

Consider the 2015 if:

• At $12,586 CAD, the 2015 costs less than the current year's $14,466 CAD average.
• It is a sensible, reliable compact car with a stronger effort at style than many buyers might expect.

The bottom line: The 2016 is the better pick if you want the stronger value proposition and a more current market snapshot. If your priority is spending less up front, the 2015 is the more budget-friendly route and still delivers the Corolla’s core strengths.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.