2023 Toyota Corolla Prices and Deals

The 2023 Corolla is here

The 2023 Corolla is arriving now and continues with the same promotional offers this month.

On top of a revised front fascia, the 2023 Corolla gets a few key upgrades, including available all-wheel drive on the hybrid model and a bump to 169 horsepower on the standard models. Dealerships are experiencing inventory shortages, so you may have difficulty finding the perfect Corolla for you.

Toyota's deals are regional and will expire on February 28, 2023. 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.

We could see new offers for Presidents' Day, so stay tuned for potential updates.

Toyota Corolla Lease Deals

Lease from $299/mo.

The 2023 Toyota Corolla has one promotional 36-month lease on the LE Sedan trim, starting from $299 per month with $2,999 due at signing. With an effective monthly cost of $382, this is not a good value relative to its MSRP.

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

Toyota Corolla Rebate Deals

No cash incentive

The 2022 and 2023 Toyota Corolla have no cash incentives.

We're not sure when this will return.

Toyota Corolla Financing Deals

Finance from 3.99%

The 2023 Toyota Corolla has three new APR offers: 3.99% for 48 months, 4.99% for 60 months, and 5.49% for 72 months.

Corolla 0% financing deals remain unlikely given market conditions.