Is the $12,995 price on this 2016 Toyota Corolla a good deal?

OAV rates this as Fair Price because, at $12,995, it is priced within the comparable range, or below the floor by less than that margin.

How long does a 2016 Toyota Corolla typically stay on dealer lots?

Comparable Toyota Corolla listings in NJ spend an average of 88 days on dealer lots.

Where is this 2016 Toyota Corolla located?

This vehicle is listed in Garfield, NJ 07026. VIN: 2T1BURHE3GC630502. Mileage: 120,566 miles.

What is the fair market price range for this 2016 Toyota Corolla?

OAV's Price-to-Market analysis estimates the fair market range is $7,500 to $18,995, based on 20 comparable listings matched to this vehicle.

2016 Toyota Corolla L for Sale in Garfield, NJ

Image from the dealer's site. OAV does not own, control, or store dealer images.View this vehicle at Buy Rite Auto Mall LLC →

Vehicle Details

VIN2T1BURHE3GC630502

TrimL

Exterior ColorSilver

DrivetrainFWD

Engine1.8L I4

TransmissionManual

Fuel TypeUnleaded

Inventory Typeused

Days on Lot435

Federal records · buyer verification

2016 Toyota Corolla

A component is listed below if NHTSA records a vehicle recall campaign, a manufacturer warranty extension or service campaign, or at least 10 distinct consumer complaints.

Recall campaigns

NHTSA lists these campaigns as covering certain 2016 Toyota Corolla vehicles. One campaign can list several components, so adding these counts is not a way to total the campaigns — 1 vehicle campaigns are on record for this model-year.

Air Bags1 campaign65 distinct complaints
44 carried a usable odometer reading; the middle 50% of those readings fell between 19,000 and 60,000 miles.

Manufacturer campaigns

The manufacturer filed these with NHTSA as warranty extensions or service campaigns.

Electrical SystemService campaignmost recently Jun 13, 2025
A service campaign does not establish that this vehicle is included, or that any work is outstanding. Whether it applies depends on the program and the VIN — confirm with a franchised dealer.

Federal law requires the manufacturer to remedy a safety recall at no cost to the owner — by repair, replacement or refund — for vehicles not more than 15 years old on the date the defect was determined.

Parts are sometimes on back-order and some remedies are interim, so a dealer may not be able to complete the work immediately. A specific vehicle’s current recall status is available through NHTSA’s VIN recall lookup.

Most-complained components with no recall campaign on record

At least 10 distinct complaints, ordered by complaint count.

Service Brakes29 distinct complaints
Seat Belts26 distinct complaints
Power Train22 distinct complaints

OAV lists only communications filed as warranty extensions or service campaigns. Toyota filed 267 other service communications for this model year; those are not listed.

These federal records are not an input to OAV’s price verdict.

These records describe the 2016 model-year, not any individual vehicle, and are not an inspection. One complaint can be recorded against more than one component, so counts do not sum to the model-year total. Service records for any component listed here are worth requesting from the seller. Showing 5 of 11 components with records above OAV’s publication floor — see all 11 for this model-year.

Complaints are unverified consumer reports submitted to NHTSA. Mileage is self-reported and frequently rounded. Complaint records as of 2026-09-28. Recall records as of 2026-09-28. Manufacturer communications as of 2026-09-28.

Fair Price

$12,995120,566 mi

Price from the dealer. OAV has not verified whether it includes all dealer-required fees. Ask the dealer for a written out-the-door price.

Garfield, NJ 07026

Is this 2016 Toyota Corolla L a good deal?

OAV verdict: Fair Price

Why: Listed at $12,995, comparable market range $7,500–$18,995, based on 20 comparable listings.

The verdict judges the asking price only. It does not assess the vehicle's condition, history, fees or total purchase cost.

Market context (not a verdict input): Listed 435 days.

Market price position

$12,995 · within market range

Comparable range: $7,500 – $18,995
vs. market: $5,495 above low · $6,000 below high
Comparable vehicles: 20

Market Retail Price (MRP™)

$13,248

This vehicle $12,995 · $253 (2%) below MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$11,882

This vehicle $12,995 · $1,113 (9%) above TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-10-01) — an estimate, not an appraisal. How TRV works.

Fast-selling model · older listing

Comparable vehicles nationally have sold faster than the market baseline, but this listing has been available longer than the cohort’s typical sell-time (about 9–43 days).

What does Demand-Verified mean?

Verify before inquiring

This listing has been available about 10.1x longer than comparable vehicles typically take to sell (cohort sells in 9–43 days; this one is at 435). Confirm its history, condition, availability, and out-the-door price before proceeding.

Local Market Range

Comparable listings in this vehicle's local market, rebuilt from the market snapshot shown above.

Local Range$7,500 – $7,500

Buy Rite Auto Mall Llc

Garfield, NJ

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

View all vehicles from Buy Rite Auto Mall LLC →

Request availability and out-the-door price

OAV will route your inquiry to Buy Rite Auto Mall Llc for current availability of this 2016 Toyota Corolla L and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2016 Toyota Corolla

Listing updated: Oct 1, 2026

Listed by an independent dealer in Garfield, NJ · On lot for 435 days · VIN verifiable at NHTSA

This used 2016 Toyota Corolla L is listed at $12,995 by Buy Rite Auto Mall LLC in Garfield, NJ 07026. It has 120,566 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Silver. It features a FWD drivetrain with a 1.8L I4 engine and Manual transmission.

OAV's independent, evidence-backed Price-to-Market analysis rates this vehicle as Fair Price — priced in line with the supported comparable range. Based on 20 comparable listings matched to this vehicle, the estimated market range is $7,500 to $18,995. These comparisons match year, make, and model, using trim where the data supports it. OAV does not adjust comparable prices for mileage — every price shown is the real advertised price. On used vehicles, mileage can still cause OAV to withhold a verdict — very high or unreliable mileage, or a lower price better explained by higher-than-typical mileage than by a genuine market discount — rather than call it a deal it can't support.

This vehicle has been on the lot for 435 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477). Verdict methodology ptm-verdict-v1 · snapshot Oct 1, 2026. The comparable band (patent pending) is the input; ptm-verdict-v1 is the versioned OAV rule set that turns it into this verdict.

Market context

This listing is part of OAV's broader Garfield, NJ sedans market analysis. OAV rates each vehicle against its comparable range and comparable count — local-first, widening the comparison set only when local inventory is too thin to support a reliable range; days-on-lot and demand signals are shown separately, not as verdict inputs.

How this deal is rated

OAV compares this 2016 Toyota Corolla against similar vehicles currently available for sale — same make, model, and year range, using trim where the data supports it. OAV does not adjust comparable prices for mileage; on used vehicles it withholds a verdict when mileage would distort the comparison — very high or unreliable mileage, or a lower price better explained by higher-than-typical mileage than by a genuine market discount — rather than overstate a deal. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the comparable-range floor by at least OAV's minimum-gap margin; a smaller gap under the floor is Fair Price.
Fair Price — priced within the comparable range, or below the floor by less than that margin.
Overpriced — priced above the comparable range.
Unscored — OAV withholds a verdict when the evidence cannot support one: too few or too widely spread comparables, a price it cannot validate, a branded or salvage title, or mileage that would distort the comparison. The listing stays visible; only the rating is withheld.

Listings show OAV's Price-to-Market verdict and live market context for every dealer's inventory, whether or not the dealer has any relationship with OAV. A dealer that claims its listings can manage its profile and have buyer inquiries routed to it directly. A paying partner's own listings additionally carry an OAV Verified Partner label on the dealer contact block and a link to the dealer's own listing page. That is the complete list of what a relationship with OAV changes, and all of it concerns the dealer's identity on its own listings. Payment never changes a vehicle's verdict, its eligibility to be scored or cited, the evidence shown or withheld, or where and how prominently the listing appears on any OAV page, board, or answer. There is no paid placement, ranking, ordering, verdict badge, or featured position of any kind. OAV sells dealers insight into the evidence, never influence over it.

How this listing is verified

This vehicle listing was aggregated from an independent dealer in Garfield, NJ, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 2T1BURHE3GC630502 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented vehicle market standardization technology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles.

2016 Toyota Corolla Market in NJ

NJ Market Listings

115

Average Price

$11,726

Price Range

$8,492–$16,378

Avg Days on Lot

Based on all 115 2014-2018 Toyota Corolla listings in the NJ market, the average asking price is $11,726. This listing at $12,995 is $1,269 above the broader NJ average (11% above the NJ average). This is a wider, all-trim comparison across NJ; OAV's price verdict above uses the closer comparable set. Comparable prices in NJ range from $8,492 to $16,378. Similar vehicles spend an average of 88 days on dealer lots in this market.

Similar Toyota Corolla Listings in NJ

8 similar listings shown (closest matches by model year and mileage) (subject trim: L — compare trims below)

This is a broad, statewide same-model set (any trim, mileage, or title) — not the qualified comparable cohort behind the verdict above; lower prices here typically reflect a different trim, higher mileage, or a branded title.