2021 Toyota Corolla Prices and Deals
2021 Corolla is here:
The carryover 2021 Corolla is in stock and has a handful of offers, including lease offers, cash incentives, and more, but most have gotten less attractive this month
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.
Toyota's deals are regional and will expire July 6, 2021. All deals mentioned here are for Southern California unless specified otherwise. We expect no new offers for the Fourth of July, but check back for updates.
This page is updated monthly with the latest incentives, so be sure to check back for the latest information.
Lease from $199/mo.:
The 2021 Corolla Sedan LE's 36-month promotional lease runs $199 per month with $1,999 due at signing. With an effective monthly cost of $255, this is a good value for its MSRP.
Need a hatchback? The 2021 Corolla Hatchback SE's 36-month lease offer runs $229 ($30 increase) per month with $1,999 due at signing. With an effective monthly cost of $285, this is not a good value relative to its MSRP.
Opting for the thrifty 2021 Corolla Hybrid LE on a 36-month lease will set you back $219 ($10 increase) per month with $1,999 due at signing. This adds up to a $275 monthly effective cost, which makes the Corolla Hybrid LE's lease a good value relative to its MSRP.
All Corolla lease offers include an allowance of 12,000 miles per year.
Finance from 1.9%:
The 2021 Corolla drops last month's 0.9% APR offer for 60 months and 1.9% APR for 72 months in favor of a new 1.9% APR for 60 months and 2.9% APR for 72 months.
Cash incentive reduced:
The 2021 Corolla features a $1,000 ($500 reduction) customer cash rebate, but buyers can't combine it with the low APR.
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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 7/6/21) 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 7/6/21) 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|
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