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Cost to Own

2024 Toyota Corolla Cross Hybrid Cost to Own

A 2024 Toyota Corolla Cross Hybrid will depreciate $14,858 after 5 years and have a 5-year residual value of $14,712. With out of pocket expenses at $34,120, the total Cost to Own of the 2024 Toyota Corolla Cross Hybrid is $48,978.

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The 2024 Toyota Corolla Cross Hybrid is in the middle 26-75% for Cost to Own among all Subcompact SUV/Crossovers.

5-Year Cost to Own: $48,978

What Does Cost to Own Include?

Out of Pocket Expenses $34,120

5-year operating expenses like gas, insurance, interest, maintenance, repairs, and state fees.

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Depreciation (Loss in Value) $14,858

The car's estimated loss in value from the purchase date over 5 years.

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Out of Pocket + Depreciation = Cost to Own

When considering the cost of a car, it's important to look beyond the sticker price. Expenses like fuel, maintenance and insurance can add up quickly.

Sometimes a car with a higher initial price tag can actually save you money over the first five years of ownership. Understanding these differences can help you make a smarter financial decision and keep more money in your pocket.

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Cost to Own Comparison

5-Year Cost to Own includes out-of-pocket expenses like fuel, insurance, service & financing, plus the car's loss in value over time (depreciation).

2024 Toyota Corolla Cross Hybrid

Cost to Own: $48,978

MSRP: $29,570

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	New 2024 1 of 3 Toyota Corolla Cross Hybrid	Add a car to compare cost to own data	Add a car to compare cost to own data
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Total Out of Pocket Expenses	$34,120	-	-
Fuel	$3,622	-	-
Maintenance	$4,200	-	-
Insurance	$17,700	-	-
Repairs	$1,711	-	-
Financing	$3,680	-	-
State Fees	$3,207	-	-

Compare 5-Year Depreciation

2024 Toyota Corolla Cross Hybrid

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5-year Cost to Own Breakdown

2024 Toyota Corolla Cross Hybrid

	Year 1	Year 2	Year 3	Year 4	Year 5	Total
Fuel	$770	$731	$709	$707	$705	$3,622
Insurance	$3,540	$3,540	$3,540	$3,540	$3,540	$17,700
Financing	$1,277	$1,020	$750	$466	$167	$3,680
State Fees	$2,334	$263	$231	$202	$177	$3,207
Maintenance	-	$1,125	$603	$1,869	$603	$4,200
Repairs	-	-	$395	$658	$658	$1,711
Depreciation	$5,189	$2,839	$3,001	$2,513	$1,316	$14,858
Cost To Own	$13,110	$9,518	$9,229	$9,955	$7,166	$48,978

2024 Toyota Corolla Cross Hybrid Cost to Own

5-Year Cost to Own includes out of pocket expenses like fuel, insurance, service & financing, plus the car’s loss in value over time (depreciation).

5-Year Depreciation:$14,858

5-Year Out of Pocket Expenses:$34,120

5-Year Cost to Own:$48,978

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As of May 2025 insuring a Toyota Corolla Cross Hybrid 2024 will cost approximately $17,700 dollars to insure per year, or $1,475 dollars per month. This amount can vary depending on factors like the age of the driver, driving record, credit rating, location of insured vehicle, vehicle trim and the company providing the insurance. For more information on insuring your vehicle, check out Kelley Blue Book.

As of May 2025 average annual maintenance costs for a Toyota Corolla Cross Hybrid 2024 run about $840 dollars, totaling approximately $4,200 dollars over five years.

As of May 2025 average annual depreciation for a Toyota Corolla Cross Hybrid 2024 runs about $2,971 dollars, totaling approximately $14,858 dollars over five years. It's worth noting that new vehicles depreciate most rapidly in the first couple years after purchase and that rate slows over time.

A Toyota Corolla Cross Hybrid 2024 can be expected to depreciate around $14,858 dollars over the course of 5 years, averaging $2,971 dollars per year, with the most dramatic depreciation occurring in the first 2-3 years and tapering off thereafter. Factors impacting the depreciation value of the 2024 Toyota include vehicle age, mileage, make and model, accident history, market demand, service history, and external market factors like gas prices. For a more detailed breakdown of vehicle value, check with the experts at Kelley Blue Book.

Average annual maintenance costs for a Toyota Corolla Cross Hybrid 2024 run about $840 dollars or $4,200 dollars over the span of 5 years. For a more detailed cost breakdown, check out Kelley Blue Book's car maintenance pages for the 2024 Toyota.

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