2021 toyota corolla
MSRP
$21,020
CarsDirect Target Price
$17,918
Lease EstimateSee Lease Deals
$209/mo
Finance Estimate
$249/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
$209 / month
Finance
$249 / 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 0.00059 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 - February 5, 2021
  • 2021 Corolla is in stock
  • Lease: From $189/mo.
  • Finance: From 0% APR
  • Rebates: Up to $1,000 off

2021 Corolla is here:

The carryover 2021 Corolla is in stock and has a handful of special offers, including attractive 36-month lease offers.

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.

Toyota's deals are regional and will expire March 1, 2021. All deals mentioned here are for Southern California unless specified otherwise. We could see new regional offers from Toyota for Presidents' Day, so stay tuned.

Lease from $189/mo.:

The 2021 Corolla Sedan LE's 36-month promotional lease runs $189 per month with $1,999 due at signing. With an effective monthly cost of $245, this is a good value for its MSRP.

Need a hatchback? The 2021 Corolla Hatchback SE's 36-month lease offer runs $189 per month with $1,999 due at signing. With an effective monthly cost of $245, this is a great value relative to its MSRP.

Opting for the thrifty 2021 Corolla Hybrid LE on a 36-month lease will set you back $199 per month with $1,999 due at signing. This adds up to a $255 monthly effective cost, which makes the Corolla Hybrid LE's lease a great value relative to its MSRP.

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

Finance from 0%:

The 2021 Corolla continues with two attractive financing offers this month: 0% APR for 60 months or 1.9% APR 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.

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Advertised Lease Deals

2021 LE Sedan (PLUS up to $300 complimentary payment)
$189Monthly Payment
Term Length (months): 36
Due at signing: $1,999
Mileage: 12k
MSRP: $21,479
Deal Valid in: Southern California
Expiration: 3/31/21
2021 SE Hatchback (PLUS up to $300 complimentary payment)
$189Monthly Payment
Term Length (months): 36
Due at signing: $1,999
Mileage: 12k
MSRP: $22,909
Deal Valid in: Southern California
Expiration: 3/31/21

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 3/5/21 in 20149
MSRP
$21,020
Sales Price
$19,918
Cash Rebates
$2,000
Target Price
$17,918
Lease Estimate
$209/mo
Finance Estimate
$249/mo

Cash Incentives

Incentive available to most customers and purchasing situations.
RebateAmount
Customer Rebate Customer Cash (Expires 3/31/21) 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. $1,500
Bonus Cash Bonus Cash (Expires 3/31/21) 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% Residents residing in qualifying regions of the United States. $500

Financing Incentives

RebateAmount
Bonus Cash Bonus Cash (Expires 3/31/21) 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% Residents residing in qualifying regions of the United States. $500
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 %0%0%0%0%1.9%
Eligibility Contracts must be processed by TFS.

Leasing Incentives

RebateAmount
Bonus Cash Bonus Cash (Expires 3/31/21) 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% Residents residing in qualifying regions of the United States. $500
Lease Bonus Cash Lease Subvention Cash (Expires 3/31/21) 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

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