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.