2021 Toyota Corolla Prices and Deals
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.
New Car Quick Quote
Advertised Lease Deals
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
|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|
|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
Eligibility Contracts must be processed by TFS.
|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|
We have information you must know before you buy the Corolla. We want to send it to you, along with other pricing insights.
I agree to receive emails from CarsDirect. I understand that I can unsubscribe at any time.