Toyota
Corolla
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2023 toyota corolla
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The monthly payment is based on the price of this vehicle assuming it is financed. If you choose to lease, you can also use the payment calculator to determine your lease terms. Default values for financing include: Term of months, APR of , and Sales Tax of . Default values for leasing include: Term of months, Money Factor of , Residual Value of , and Sales Tax of .

2023 Toyota Corolla
Lease
$318 / month
Finance
$328 / month
Vehicle Price
A typical negotiated price before taxes & fees.
Incentives
Incentives that help lower the selling price of a vehicle.
Available Money Factor of 0.00185 for 36 month lease
Incentives
Incentives that help lower the selling price of a vehicle.
Down Payment
Trade-In Value
Money Factor
Represents the interest charged on a lease. May require top-tier credit to qualify for the best rates.
Interest Rate
Sales Tax
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CarsDirect Target Price
$22,645
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MPG
32 city / 41 hwy

Expert Rating

Not Available

Unlike other websites and magazines, our ratings are not based solely on a singular road test, but rather a more encompassing batch of criteria: quality, safety, comfort, performance, fuel economy, reliability history and value. When comparing vehicles using our Rating System, it's important to note that the rating earned by each vehicle correlates only to the models within its class. For example, a compact car cannot be compared to a SUV—They are different vehicles altogether.

You can interpret our ratings in the following way:

5-Star: Outstanding vehicle. Only the most exceptional vehicles achieve this rating.

4-Star: Very Good vehicle. Very good and close to being the best vehicle in its class.

3-Star: Good vehicle. Decent, but not quite the best. Often affordable, but lacking key features found in vehicles of the same class.

2-Star: Below average vehicle. Not recommended, and lacking attributes a car buyer would come to expect for the price.

1-Star: Poor vehicle. Simply does not deserve to be on the road.

Get Custom Price Quote
Est Monthly Loan

The monthly payment is based on the price of this vehicle assuming it is financed. If you choose to lease, you can also use the payment calculator to determine your lease terms. Default values for financing include: Term of months, APR of , and Sales Tax of . Default values for leasing include: Term of months, Money Factor of , Residual Value of , and Sales Tax of .

2023 Toyota Corolla
Lease
$318 / month
Finance
$328 / month
Vehicle Price
A typical negotiated price before taxes & fees.
Incentives
Incentives that help lower the selling price of a vehicle.
Available Money Factor of 0.00185 for 36 month lease
Incentives
Incentives that help lower the selling price of a vehicle.
Down Payment
Trade-In Value
Money Factor
Represents the interest charged on a lease. May require top-tier credit to qualify for the best rates.
Interest Rate
Sales Tax
Reset

Toyota Corolla Deals

Incentives for December

Build & Price with Options
  • The 2023 Corolla is here
  • Lease: From $299/mo. (2022)
  • Finance: From 3.49% APR
  • Rebates: No cash offers
See All Deals

2023 Toyota Corolla Preview

Joel Patel
Automotive Editor - October 20, 2022
2023 Toyota Corolla

Model Preview

For 2023, Toyota has made a few changes to the Corolla. While the compact car is mostly a carryover model, it benefits from a slightly updated design, a revised lineup, a new standard engine, Toyota’s Safety Sense 3.0 suite of safety features, and an updated infotainment system. The largest change to the Corolla is the introduction of the new 2023 GR Corolla, which is a hot hatchback that’s aimed at track use. Compared to the regular Corolla, the GR Corolla comes with a more powerful engine, an advanced all-wheel-drive (AWD) system, and high-performance components.

The Corolla Hybrid and Corolla Cross are covered separately.

The 2023 Corolla arrives with a few exterior styling tweaks. The sedan body style gets revised front and rear fascias, LED daytime running lights, as well as redesigned LED headlights. The sporty SE and XSE trims benefit from a new diffuser and new 18-inch wheels. The Corolla hatchback gets a redesigned front grille, a body-color rear bumper, revised LED headlights, and new optional 18-inch wheels. The high-performance GR Corolla features an aggressive body kit with a wide stance, angry lines, enormous vents, and a unique tri-outlet exhaust system.

On the inside, the 2023 Toyota Corolla will share the same overall design as the current model on sale. Both the sedan and hatchback have a streamlined look with a simple horizontal dashboard. The infotainment system is placed in the middle of the dashboard but sits in front of the dash. Toyota includes physical controls for both the infotainment and HVAC systems. While the new 2023 GR Corolla shares a similar design to the regular Corolla, the sporty hatchback has racier seats, aluminum pedal covers, and sportier trim. The Morizo Edition will be the sportiest of the GR Corollas without any rear seats and rear speakers to save weight.

2023 Toyota Corolla Interior

Every Corolla now comes with an updated infotainment system for 2023. The compact car has a redesigned 8-inch infotainment system, while the vehicle’s digital gauge cluster has been updated. The available 7-inch digital instrument cluster has also been redesigned. Wireless Android Auto and Apple CarPlay are now standard. Available features should include a wireless charging pad, nine audio speakers, navigation, and a Wi-Fi hot spot.

Toyota has discontinued the Corolla’s previous standard engine. Instead, all Corollas will come with a 2.0-liter four-cylinder engine. Output is rated at 169 horsepower and 151 pound-feet of torque. A six-speed manual transmission and a continuously variable automatic transmission (CVT) are available. Toyota has updated the CVT for improved performance when taking off from a stop. The 2023 GR Corolla will be powered by a turbocharged 1.6-liter three-cylinder engine that makes up to 300 hp. A six-speed manual transmission and Toyota’s GR-Four AWD system are standard for the GT Corolla.

The 2023 Toyota Corolla now comes with the automaker’s Toyota Safety Sense 3.0 suite. Standard safety features include forward-collision warning, automatic emergency braking, pedestrian detection, lane departure warning, lane-keeping assist, adaptive cruise control, traffic sign recognition, and automatic high-beam assist. Blind-spot monitoring and rear cross-traffic alert should be optional.

Pricing & Release Date

The 2023 Toyota Corolla is expected to go on sale before the end of the year. The sedan will be available in LE, SE, and XSE trims with pricing from $22,645 to $27,795 with destination. The Corolla Hatchback will be available in SE and XSE trims with prices ranging from $24,060 to $27,525.

Toyota has announced pricing for the 2023 GR Corolla. The hot hatchback will start at $36,995 (with destination) and go up to $50,995 for the Morizo Edition. The base Core trim will go on sale before the end of this year, while the Circuit and Morizo Edition won’t arrive until next year.

The 2023 Toyota Corolla will compete against the Honda Civic, Hyundai Elantra, Mazda3, Volkswagen Jetta, and Nissan Sentra. The GR Corolla will compete against the Honda Civic Type R, Volkswagen Golf R, and Hyundai Elantra N.

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