We wish you the best of luck at college! The
Toyota Corolla has an excellent reliability rating of 4.5 out of 5.0, and it’s ranked first compared to 36 other compact cars. This makes it an excellent choice as a car away from home.
Major issues are rare with the Corolla, so you won’t have to worry about many unscheduled repairs and unexpected expenses. As a result, the average annual repair and maintenance cost is also much lower than other compact cars—**$362** compared to $526.
When picking a new car, the price of the car isn’t the only thing to consider to keep your costs down. Other aspects to consider that will affect your overall cost of ownership include:
Maintenance and repair costs—the more technology in the car, the more it costs to maintain and repair.
Fuel grade and fuel economy—with a more powerful engine, the fuel grade required will be higher and the fuel economy will likely be lower.
Car loan and interest rates—this will be determined by the size of your down payment and your credit score.
Car registration and renewal fees—depending on your state, your fees could vary greatly.
Another way to keep your costs down is to find the best rate for
car insurance. The
Jerry app will save you hours of researching.
Just download the app and input your information. You’ll then get a curated list of competitive quotes found from over 50 top insurance companies. Just pick the policy you want, and Jerry will handle the rest to switch you over. The average user saves $887 per year.