The 2017 Toyota iM, known in other markets as the Toyota Auris or Corolla iM, is a compact hatchback that offers a unique blend of style, functionality, and reliability. For potential buyers or sellers, understanding the worth of this vehicle is crucial. In this article, we will delve into the factors that influence the value of a 2017 Toyota iM, explore its market price, and provide insights into what makes this car a valuable asset.
Introduction to the 2017 Toyota iM
The Toyota iM was introduced as a 2016 model, replacing the Scion iM, after Toyota announced the discontinuation of the Scion brand. The 2017 model year saw the car being fully integrated into the Toyota lineup, with minimal changes from its predecessor. It comes with a 1.8-liter 4-cylinder engine, producing 137 horsepower, and is available with a 6-speed manual or a Continuously Variable Transmission (CVT). The iM is known for its spacious interior, ample cargo space, and fuel efficiency, making it an attractive option for those seeking a practical compact car.
Factors Influencing the Value of a 2017 Toyota iM
Several factors contribute to the value of a 2017 Toyota iM. These include:
- Condition: The vehicle’s overall condition, including the exterior and interior, plays a significant role in its value. Cars with minimal wear and tear, clean titles, and no major accidents will naturally command a higher price.
- Mileage: The number of miles on the odometer is another critical factor. Lower mileage typically increases the car’s value, as it suggests less wear on the engine and other components.
- Location: Geographic location can influence the price of a 2017 Toyota iM. Prices can vary significantly from one region to another due to differences in demand, local market conditions, and regulatory requirements.
- Trim Levels and Options: The iM was available in a single trim level but with various option packages. Cars equipped with additional features such as a navigation system, moonroof, or alloy wheels may have a higher value.
- Maintenance History: A well-documented maintenance history can positively impact the car’s value, as it provides assurance to potential buyers about the car’s condition and longevity.
Determining the Market Value
To determine the market value of a 2017 Toyota iM, one can use various tools and resources. Kelly Blue Book (KBB) and National Automobile Dealers Association (NADA) guides are popular references for estimating vehicle values. These guides take into account the factors mentioned above and provide a fair market range for the vehicle. Additionally, researching listings of similar vehicles for sale in the local market can give a more accurate picture of the car’s worth.
Market Price Analysis
The market price of a 2017 Toyota iM can vary based on the factors discussed. On average, a used 2017 Toyota iM can range from approximately $14,000 to over $19,000, depending on the condition, mileage, and the specific features of the vehicle.
Pricing Based on Condition and Mileage
- A low-mileage 2017 Toyota iM, with less than 30,000 miles and in excellent condition, could be valued at the higher end of the spectrum, closer to $18,000 to $19,000.
- An average-condition vehicle, with around 60,000 to 80,000 miles, might be priced in the middle range, approximately $15,000 to $17,000.
- A high-mileage iM, with over 100,000 miles or in poor condition, would likely be valued at the lower end, around $14,000 or less.
Impact of Options and Packages
The presence of certain options or packages can also influence the vehicle’s price. For example, a 2017 Toyota iM equipped with the Navigation Package, which includes features like a 7-inch touchscreen display and voice recognition, might command a slightly higher price due to the added convenience and technology.
Conclusion
Determining the value of a 2017 Toyota iM involves considering several key factors, including the vehicle’s condition, mileage, location, and the presence of additional features or option packages. By researching and utilizing tools like KBB and NADA guides, and comparing prices of similar vehicles in the local market, buyers and sellers can arrive at a fair and reasonable price for the vehicle. The 2017 Toyota iM, with its blend of practicality, reliability, and style, remains a valuable choice in the compact car segment, offering a compelling option for those seeking a dependable and efficient vehicle.
For those looking to purchase or sell a 2017 Toyota iM, understanding these factors and doing thorough research will be instrumental in making an informed decision. Whether you’re a buyer seeking the best value or a seller looking to get a fair price, recognizing the worth of this vehicle can make all the difference in the transaction process.
In summary, the value of a 2017 Toyota iM is influenced by multiple factors and can range widely based on condition, mileage, and features. By carefully evaluating these aspects and conducting market research, individuals can uncover the true worth of this compact hatchback and make decisions that meet their needs and budget.
What is the 2017 Toyota iM and how does it differ from other Toyota models?
The 2017 Toyota iM is a subcompact hatchback that was previously known as the Toyota Corolla iM. It was introduced as a 2016 model and was later renamed as the Toyota Corolla iM for the 2017 model year. The Toyota iM is based on the European-market Toyota Auris and is designed to be a sporty and fuel-efficient alternative to other subcompact cars. It features a 1.8-liter four-cylinder engine, a six-speed manual transmission, and a range of standard features including a touchscreen infotainment system and a rearview camera.
In terms of how it differs from other Toyota models, the iM is notable for its unique styling and handling characteristics. It has a more aggressive exterior design than the Corolla sedan, with a distinctive front grille and rear spoiler. The iM also has a more premium feel than the Corolla, with features like leatherette upholstery and a sport-tuned suspension. However, the iM is not as practical as the Corolla, with less rear seat room and cargo space. Overall, the iM is a great option for buyers who want a fun-to-drive and feature-packed subcompact car with a premium feel.
What are the key features and options available on the 2017 Toyota iM?
The 2017 Toyota iM comes with a range of standard features, including a 1.8-liter four-cylinder engine, a six-speed manual transmission, and a touchscreen infotainment system with Bluetooth connectivity and a rearview camera. The iM also features a range of safety features, including seven airbags, electronic stability control, and a tire pressure monitoring system. In terms of options, the iM is available with a range of upgrade packages, including a Premium package that adds features like a navigation system, a 10-speaker premium audio system, and a range of exterior styling upgrades.
Some of the other key features and options available on the 2017 Toyota iM include a sport-tuned suspension, 17-inch alloy wheels, and a range of exterior colors and interior trims. The iM also features a range of advanced safety features, including lane departure warning and adaptive cruise control. Overall, the iM offers a great combination of standard features, options, and upgrades, making it a great value in the subcompact car segment. Whether you’re looking for a fun-to-drive hatchback or a practical and feature-packed commuter car, the iM has something to offer.
What is the fuel economy of the 2017 Toyota iM, and how does it compare to other subcompact cars?
The 2017 Toyota iM has an estimated EPA rating of up to 28 mpg in the city and 36 mpg on the highway, depending on the transmission and drivetrain. The iM with the six-speed manual transmission has an estimated EPA rating of 27 mpg in the city and 35 mpg on the highway, while the iM with the continuously variable transmission (CVT) has an estimated EPA rating of 28 mpg in the city and 36 mpg on the highway. In terms of how it compares to other subcompact cars, the iM has a competitive fuel economy, although some other models like the Honda Fit and the Hyundai Accent may have slightly better EPA ratings.
Overall, the fuel economy of the 2017 Toyota iM is one of its strong points, making it a great option for buyers who want a fuel-efficient and affordable car. The iM’s fuel economy is also enhanced by its Eco-mode feature, which helps to optimize fuel efficiency by adjusting the car’s throttle response and transmission shifting. Additionally, the iM’s fuel economy can be further improved by driving habits, such as avoiding aggressive acceleration and braking, and maintaining proper tire pressure. By following these tips, drivers can help to maximize the fuel economy of their 2017 Toyota iM and save money on gas.
How much does a 2017 Toyota iM cost, and what are its resale values like?
The original MSRP of a 2017 Toyota iM ranged from around $18,000 to over $20,000, depending on the trim level and options. However, the resale value of a used 2017 Toyota iM can vary depending on factors like the car’s condition, mileage, and location. According to Kelley Blue Book, the resale value of a 2017 Toyota iM can range from around 50% to over 60% of its original MSRP after three years. This means that a used 2017 Toyota iM with average mileage and condition could sell for around $10,000 to $12,000.
In terms of its resale values, the 2017 Toyota iM is competitive with other subcompact cars in its class. However, some other models like the Honda Fit and the Mazda3 may have slightly better resale values. To get the best resale value for your 2017 Toyota iM, it’s essential to maintain the car properly, keep it clean and in good condition, and avoid high mileage. Additionally, considering certifying your used iM through Toyota’s certified pre-owned program can also enhance its resale value and appeal to potential buyers.
What are some common problems and issues with the 2017 Toyota iM?
The 2017 Toyota iM has been generally reliable, but like any car, it’s not immune to problems and issues. Some common issues reported by owners and reviewers include problems with the CVT transmission, such as hesitation and slipping, as well as issues with the infotainment system, such as freezing and crashing. Additionally, some owners have reported problems with the iM’s fuel system, including faulty fuel sensors and fuel pumps. However, it’s worth noting that these issues are relatively rare and most iM owners have reported few problems with their cars.
To avoid or minimize these issues, it’s essential to follow the recommended maintenance schedule for your 2017 Toyota iM, including regular oil changes, tire rotations, and software updates for the infotainment system. Additionally, keeping an eye on your car’s condition and addressing any issues promptly can help to prevent more significant problems from developing. If you’re considering purchasing a used 2017 Toyota iM, be sure to review the car’s history and have it inspected by a mechanic to identify any potential issues. By taking these steps, you can help to ensure that your iM runs smoothly and reliably for years to come.
Can I still purchase a new 2017 Toyota iM, or are they only available used?
The 2017 Toyota iM is no longer available for purchase as a new car, as it was discontinued after the 2017 model year. However, there may still be some remaining 2017 iM models available on dealer lots or through certified pre-owned programs. If you’re interested in purchasing a 2017 Toyota iM, your best bet is to search for used models through online marketplaces, local dealerships, or private sellers. Be sure to research and compare prices, review the car’s history, and have it inspected by a mechanic to ensure that you’re getting a good deal.
If you’re unable to find a 2017 Toyota iM that meets your needs, you may also want to consider purchasing a newer model year, such as the 2018 or 2019 Corolla hatchback, which replaced the iM in Toyota’s lineup. The Corolla hatchback offers many of the same features and benefits as the iM, including a spacious interior, advanced safety features, and a fuel-efficient engine. Additionally, you may be able to find certified pre-owned Corolla hatchbacks that offer similar value and reliability to a used iM. By considering all your options, you can find the best car to meet your needs and budget.