Toyota
Corolla
Year
Go
2023 toyota corolla
MSRP
$22,645
CarsDirect Target Price
$22,645
Lease EstimateSee Lease Deals
$318/mo
Finance Estimate
$333/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 .

2023 Toyota Corolla
Lease
$318 / month
Finance
$333 / 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 0.00185 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
Reset

2023 Toyota Corolla Prices and Deals

Justin Cupler
Automotive Editor - February 6, 2023
  • The 2023 Corolla is in stock
  • Lease: From $299/mo.
  • Finance: From 3.99% APR
  • Rebates: No cash offers

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.

New Car Quick Quote

Please select a model

Get Your Price

Advertised Lease Deals

2023 Toyota Corolla LE Sedan Lease Deal
$299Monthly Payment
Term Length (months): 36
Due at signing: $2,999
Mileage: 12k
MSRP: $23,292
Deal Valid in: Southern California
Expiration: 2/28/23

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 2/8/23 in 20149
MSRP
$22,645
Sales Price
$22,645
Cash Rebates
$0
Target Price
$22,645
Lease Estimate
$318/mo
Finance Estimate
$333/mo

Financing Incentives

RebateAmount
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 %3.99%3.99%3.99%4.99%5.49%
Eligibility Contracts must be processed by TFS.

Hurry! Offer expires

Leases For Similar Cars

Based on 2023 Toyota Corolla LE 4dr Sedan w/CVT - MSRP $22,645

Insider Information

We have information you must know before you buy the Corolla. We want to send it to you, along with other pricing insights.

Submit

I agree to receive emails from CarsDirect. I understand that I can unsubscribe at any time.
We will not spam you, and will never sell your email. Privacy Policy.

Thank you. You are now subscribed to our Pricing Insider updates.