3/4 Front Glamour 2014 Toyota Corolla

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What you must know before buying the Toyota Corolla
  • Redesigned model has seen heavy demand
  • APR special is modest but welcome nonetheless
  • Putting off your purchase may bring greater savings
  • Lease offers feature low drive-off costs

Is it a good time to buy a Corolla?

Just redesigned for the 2014 model year and already a big hit with buyers, the much-improved Corolla has been a strong seller with shortages reported at some trim levels. A current available offer of 1.9% APR financing for between 48 and 60 months depending on your location will save you money, but you won’t find any cash on the hood this month or any time soon until demand has been given a chance to cool. A couple of special discounts do potentially sweeten the deal: recent college grads can take $750 cash back when financing through Toyota, while military members will find $500 in customer cash back.

The upscale LE Plus and S Plus trim levels are stocked in the greatest numbers, while the less-expensive LE and S models can be more difficult to find with the right color and options.

Will playing the waiting game save money?

It’s a tough call. Any time an all-new model hits the streets, pricing is typically higher right at the beginning of its model life due to pent-up demand. With Toyota now offering 0% APR for 60 months or available cash back on most of its core models, greater offers may materialize in late Summer or early Fall, depending on continued buyer interest in the Corolla.

What about leasing?

Lease specials on the Corolla currently vary greatly from one region to the next, but are quite advantageous and represent a good alternative to buying outright. In the Southeast, you’ll find a deal on the S Plus of $159 per month for 36 months with $2,588 due at signing. In Southern California, the same S Plus comes at $199 per month for 36 months, but with just $999 due at signing.

*Incentives may vary by region.

Is it a good time to buy a Corolla?

Just redesigned for the 2014 model year and already a big hit with buyers, the much-improved Corolla has been a strong seller with shortages reported at some trim levels. A current available offer of 1.9% APR financing for between 48 and 60 months depending on your location will save you money, but you won’t find any cash on the hood this month or any time soon until demand has been given a chance to cool. A couple of special discounts do potentially sweeten the deal: recent college grads can take $750 cash back when financing through Toyota, while military members will find $500 in customer cash back.

The upscale LE Plus and S Plus trim levels are stocked in the greatest numbers, while the less-expensive LE and S models can be more difficult to find with the right color and options.

Will playing the waiting game save money?

It’s a tough call. Any time an all-new model hits the streets, pricing is typically higher right at the beginning of its model life due to pent-up demand. With Toyota now offering 0% APR for 60 months or available cash back on most of its core models, greater offers may materialize in late Summer or early Fall, depending on continued buyer interest in the Corolla.

What about leasing?

Lease specials on the Corolla currently vary greatly from one region to the next, but are quite advantageous and represent a good alternative to buying outright. In the Southeast, you’ll find a deal on the S Plus of $159 per month for 36 months with $2,588 due at signing. In Southern California, the same S Plus comes at $199 per month for 36 months, but with just $999 due at signing.

*Incentives may vary by region.

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Lease Deals

Toyota has a pair of attractive leases on the 2014 Corolla. Pay $189 for 36 months with $1,999 due at signing or $249 for 36 months with $0 due at signing.

ModelPaymentTerm (mos)Due at SigningMSRP
S Plus$19936$999$19,083