The Toyota Premio nameplate launched in Japan in December 2001 as the more conservatively-styled sibling to the Allion, sharing the same chassis platforms throughout both cars' lives. The dominant Sri Lankan chassis is the second-generation NZT260 (1.5L, T260 platform, 2007–2021), averaging Rs. 8.91M in 2007 and climbing to Rs. 16.99M by 2019. The first-generation NZT240 (2001–2007) is present but noticeably thinner in supply.
Overall market: average Rs. 12.05M, median Rs. 11.80M. Full live data at pricemart.lk/dashboard/by-year/toyota/premio.
Chassis Overview
| Chassis | Generation | Years | Engine | Transmission |
|---|---|---|---|---|
| NZT240 | T240 (Gen 1) | 2001–2007 | 1NZ-FE 1,497cc | 4-speed automatic |
| ZZT240 | T240 (Gen 1) | 2001–2007 | 1ZZ-FE 1,794cc | 4-speed automatic |
| NZT260 | T260 (Gen 2) | 2007–2021 | 1NZ-FE 1,497cc | CVT |
| ZRT260 | T260 (Gen 2) | 2007–2021 | 2ZR-FE 1,797cc (2ZR-FAE Valvematic from 2010) | CVT |
As with the Allion, Toyota's catalogue also lists 2.0-litre AZT240 and ZRT261/ZRT265 codes for this platform, but they do not appear as distinctly tagged listings in Sri Lanka's live market data — the 1.5L and 1.8L codes above cover the Premio market you will realistically encounter here.
Important: Not Every "Premio" Listing Is This Car
Before the Premio nameplate launched in December 2001, Toyota sold a different, older sedan in Japan called the Corona Premio — built on the unrelated ST210/AT210 platform shared with the Toyota Corona and Caldina of the mid-to-late 1990s. A small number of listings in PriceMart's raw "Premio" data carry year-of-manufacture tags from 1995 and 1997–2000, priced dramatically lower (roughly Rs. 3.3M–4.7M) than any genuine T240 Premio of the same era. These are Corona Premio-era vehicles, not the car covered in this guide — a fundamentally different platform, engine family, and 20+ years older in design.
This guide's tables begin at 2002, the first full production year of the true T240 Premio, to avoid conflating two unrelated cars that happen to share three words in their name. If you encounter a Premio listing dated before 2001, treat it as a Corona Premio and research it as a separate, distinct vehicle rather than assuming it fits anywhere in the chassis data below.
NZT240 (Gen 1, 1.5L) — Price by Year of Manufacture
Like its Allion sibling, the T240 Premio launched with a 4-speed automatic transmission and the same 1NZ-FE 1.5L engine. The Premio's differentiation from the Allion was always cosmetic and trim-level, not mechanical — a more formal front fascia and, on higher grades, wood-effect interior trim aimed at business and professional buyers.
| YOM | Avg Price | Min | Max |
|---|---|---|---|
| 2002 | Rs. 6.65M | Rs. 5.75M | Rs. 7.35M |
| 2003 | Rs. 6.53M | Rs. 5.40M | Rs. 8.00M |
| 2005 | Rs. 7.08M | Rs. 6.95M | Rs. 7.20M |
| 2006 | Rs. 7.02M | Rs. 6.15M | Rs. 7.75M |
| 2007 | Rs. 8.61M | Rs. 7.95M | Rs. 8.99M |
The 2002 NZT240 has the deepest Gen 1 pool, making it the natural starting point for a first-generation Premio purchase. Note that 2003 prices sit slightly below 2002 in the live data — a normal reflection of thin-supply-driven variance at this age rather than a real value signal; treat 2002 and 2003 as effectively the same price tier. A handful of ZZT240 (1.8L) listings exist in these years too, but supply is too sparse to price as a separate chassis market.
Check live Premio prices year-by-year on the dashboard →
NZT260 (Gen 2, 1.5L) — Price by Year of Manufacture
The T260 Premio, launched alongside the T260 Allion in June 2007, is the chassis that defines Sri Lanka's Premio market. It carries the same two facelifts as the Allion — April 2010 and June 2016, the latter adding bi-beam LED headlights and Toyota Safety Sense C availability on applicable grades. Premio-specific higher grades (G Superior, F EX Package) add half-leather or leather seating and a more upmarket dashboard finish not offered on the equivalent Allion grade.
NZT260 AVERAGE PRICE BY YEAR — PRICEMART.LK LIVE DATA
▮ Pre-2016 facelift ▮ Post-2016 facelift (Toyota Safety Sense C available) Avg prices in Rs. millions
| YOM | Avg Price | Min | Max |
|---|---|---|---|
| 2007 | Rs. 8.91M | Rs. 7.30M | Rs. 9.85M |
| 2010 | Rs. 9.68M | Rs. 8.95M | Rs. 10.50M |
| 2013 | Rs. 11.20M | Rs. 7.75M | Rs. 15.00M |
| 2016 | Rs. 13.84M | Rs. 10.35M | Rs. 16.10M |
| 2019 | Rs. 16.99M | Rs. 14.90M | Rs. 19.00M |
| 2020 | Rs. 16.93M | Rs. 15.65M | Rs. 20.89M |
The 2013 NZT260 is the single deepest year in the entire Premio market — by a wide margin the most liquid single year-and-chassis combination available, which also explains its unusually wide min–max spread (Rs. 7.75M–15.00M reflects the full grade range from base to G Superior trading in volume that year). 2019 and 2020 trade at essentially the same average price, indicating the market has reached a plateau for the newest available Premio stock — thin remaining supply rather than a genuine year-over-year premium. The ZRT260 (1.8L, Gen 2) appears too sparsely in the live data to price as a standalone market; treat any listing as a case-by-case negotiation against the equivalent-year NZT260.
Is the Extra Cost of a Premio Over an Allion Justified?
Toyota built the Premio and Allion on identical mechanical platforms for both generations — same engines, same transmissions, same chassis codes. The price gap between them (typically Rs. 450,000–1.42M for the same year) buys exterior styling and, on higher grades, interior trim upgrades — nothing that changes reliability, fuel economy, or running costs. The Premio's conservative "executive" styling has genuine resale traction with Sri Lanka's business and government buyer segment, which is the core reason the premium persists rather than eroding over time.
If styling and resale perception matter to you, the premium is a rational spend. If you simply want the mechanical package at the lowest price, the Allion at the same model year is functionally identical.
Which Chassis Should You Buy?
- Budget Rs. 6.5M–7.1M: 2002–2006 NZT240 (Gen 1). Lowest entry cost into the Premio nameplate — verify the chassis plate carefully to avoid any confusion with a pre-2001 Corona Premio.
- Budget Rs. 8.9M–9.7M: 2007–2010 NZT260 (Gen 2). The strongest value tier — CVT refinement at a moderate premium over Gen 1.
- Budget Rs. 11.2M–13.8M: 2013–2016 NZT260. The 2013 year offers the deepest supply and widest grade selection in the entire market.
- Budget Rs. 17M+: 2019–2020 NZT260. Newest available stock, essentially flat pricing between the two years — buy whichever has better verified condition rather than chasing a year-based discount.
