2021 toyota corolla
MSRP
$21,020
CarsDirect Target Price
$18,943
Lease EstimateSee Lease Deals
$230/mo
Finance Estimate
$265/mo
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 .

2021 Toyota Corolla
Lease
$230 / month
Finance
$265 / 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 0.00079 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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2021 Toyota Corolla Prices and Deals

Justin Cupler
Automotive Editor - July 12, 2021
  • 2022 Corolla is coming soon
  • Lease: From $241/mo. (est.)
  • Finance: From 1.9% APR
  • Rebates: Up to $1,000 off

2022 Corolla arrives soon:

The carryover 2021 Corolla is in stock and has a handful of offers, including lease offers, cash incentives, and more. Most offers are the same this month, but Toyota seems to have dropped all its promotional leases on the Corolla.

While it's a carryover model, the 2021 Corolla gains a new limited-edition Apex model. Apex Edition will range from $26,025 (destination fees included) for the SE with the CVT to $29,165 (destination fees included) for the XSE. The 2022 Corolla isn't here yet, but it will be a carryover model. The 2022 Corolla gets cash and low-APR offers ahead of its arrival.

Toyota's deals are regional and will expire August 2, 2021. All deals mentioned here are for Southern California unless specified otherwise.

This page is updated monthly with the latest incentives, so be sure to check back for the latest information.

Lease from $241/mo.:

The 2021 Corolla has no promotional leases advertised this month, so there are only full-retail lease options for now. These start from an estimated $241 per month for 36 months with $2,891 due at signing on the LE Sedan trim. With an effective monthly cost of $321, this is not a good value for its MSRP.

Need a hatchback? The 2021 Corolla Hatchback SE's 36-month full-retail lease runs an estimated $266 ($37 increase) per month with $2,916 ($917 increase) due at signing. With an effective monthly cost of $347, this is not a good value relative to its MSRP.

Opting for the thrifty 2021 Corolla Hybrid LE on a 36-month full-retail lease will set you back an estimated $267 ($48 increase) per month with $2,917 ($918 increase) due at signing. This adds up to a $348 monthly effective cost, which makes the Corolla Hybrid LE's lease a terrible value relative to its MSRP.

There are no lease offers on the 2022 Corolla.

All Corolla lease offers include an allowance of 12,000 miles per year.

Finance from 1.9%:

The 2021 Corolla continues with two low-APR offers: 1.9% APR for 60 months and 2.9% APR for 72 months. This low APR isn't stackable with the cash offer below.

The 2022 Toyota Corolla gets its first APR offers this month: 2.9% for 60 months or 3.9% for 72 months.

Cash incentive remains:

The 2021 Corolla features a $1,000 customer cash rebate, but buyers can't combine it with the low APR.

The 2022 Toyota Corolla gets its first cash offer this month: $500 in customer cash that you can't combine with the low APR above.

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Advertised Lease Deals

2021 LE Sedan (Estimated Payment)
$241Monthly Payment
Term Length (months): 36
Due at signing: $2,891
Mileage: 12k
MSRP: $21,470
Deal Valid in: Southern California
Expiration: 8/2/21
2021 SE Hatchback (Estimated Payment)
$266Monthly Payment
Term Length (months): 36
Due at signing: $2,916
Mileage: 12k
MSRP: $22,810
Deal Valid in: Southern California
Expiration: 8/2/21

This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.

CarsDirect Target Price

Prices vary by style

CarsDirectPricing as of 7/23/21 in 19126
MSRP
$21,020
Sales Price
$19,943
Cash Rebates
$1,000
Target Price
$18,943
Lease Estimate
$230/mo
Finance Estimate
$265/mo

Cash Incentives

Incentive available to most customers and purchasing situations.
RebateAmount
Customer Rebate Customer Cash (Expires 8/2/21) Customer Rebate: Customers must take delivery of this vehicle prior to the expiration date to be eligible for this manufacturer rebate. This rebate may not be available on special factory orders or used in conjunction with special manufacturer financing or leasing programs. Other special financing programs may be available. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Not valid on Special Lease/Preferred Option transactions, APR programs or vehicles otherwise excluded based on the terms and conditions. %Qualification% Must be 18 years of age or older and have a valid driver's license. $1,000

Financing Incentives

RebateAmount
Promotional APR Offer Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Contracts must be processed by TFS.
Term(s)1 - 2425 - 3637 - 4849 - 6061 - 72
Rate %1.9%1.9%1.9%1.9%2.9%
Eligibility Contracts must be processed by TFS.

Leasing Incentives

RebateAmount
Lease Bonus Cash Lease Subvention Cash (Expires 8/2/21) Bonus cash available for qualified customers leasing a vehicle through the manufacturer's captive finance company on approved credit. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Eligible customers who lease a new and unlicensed, eligible Toyota vehicle (listed on the subvention cash form) from dealer stock, through a participating Toyota Dealer and TFS, are eligible for the Lease Subvention Cash Amount. New*, and untitled eligible vehicles from dealer stock, including demonstrators with 20,000 miles or less. Certain vehicles may not be eligible in all States. %Qualification% Customers must: 1. Be approved for financing by TFS. 2. Lease an eligible vehicle through a participating Toyota Dealer and TFS. 3. Sign and Complete the Subvention Cash Form. $500

Hurry! Offer expires

Leases For Similar Cars

Based on 2021 Toyota Corolla L 4dr Sedan w/CVT - MSRP $21,020

Best Toyota Deals & Must-Know Advice: July 2021

We've put together a list of the latest & greatest Toyota lease deals, rebates, and APR incentives. Get insider tips on how you can save the most money on a new Toyota vehicle. View Toyota Deals, Incentives and Rebates

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