2022 toyota corolla
MSRP
$21,100
CarsDirect Target Price
$20,600
Lease EstimateSee Lease Deals
$261/mo
Finance Estimate
$289/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 .

2022 Toyota Corolla
Lease
$261 / month
Finance
$289 / 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 0.00115 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
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2022 Toyota Corolla Prices and Deals

Justin Cupler
Automotive Editor - September 10, 2021
  • 2021 Corolla is sold out
  • Lease: From $263/mo. (est.)
  • Finance: From 2.9% APR
  • Rebates: Up to $500 off

2022 Corolla is here

The carryover 2021 Toyota Corolla has sold out, but the 2022 Corolla, also a carryover, is now available and has all the same offers as last month, except new lease estimates.

Dealerships are experiencing inventory shortages, so you may have a hard time finding the perfect Corolla for you.

Toyota's deals are regional and will expire on October 4, 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.

Toyota Corolla Lease Deals

Lease from $242/mo.

The 2022 Corolla also has no promotional leases advertised this month, so there are only full-retail lease options for now. These start from an estimated $263 ($15 increase) per month for 36 months with $2,913 ($15 increase) due at signing on the LE Sedan trim with CVT. With an effective monthly cost of $344 ($15 increase), this is not a good value for its MSRP.

The 2022 Corolla Hybrid LE's 36-month full-retail lease will set you back an estimated $286 ($18 increase) per month with $2,936 ($18 increase) due at signing. This adds up to a $368 ($18 increase) monthly effective cost, which makes the Corolla Hybrid LE's lease a terrible value relative to its MSRP.

New this month is a 36-month lease on the 2022 Corolla SE Hatchback that runs $291 per month with $2,941 due at signing. With an effective monthly cost of $373, this is a poor value relative to its MSRP.

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

Toyota Corolla Rebate Deals

Cash incentive remains

The 2022 Toyota Corolla continues with a cash offer this month worth $500. You can't combine with the low APR below.

Toyota Corolla Finance Deals

Finance from 2.9%

The 2022 Toyota Corolla continues with two APR offers this month, 2.9% for 60 months or 3.9% for 72 months.

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Advertised Lease Deals

2022 L Sedan with CVT (Estimated Payment)
$263Monthly Payment
Term Length (months): 36
Due at signing: $2,913
Mileage: 12k
MSRP: $21,100
Deal Valid in: Southern California
Expiration: 10/4/21
2022 SE Hatchback with CVT (Estimated Payment)
$291Monthly Payment
Term Length (months): 36
Due at signing: $2,941
Mileage: 12k
MSRP: $22,940
Deal Valid in: Southern California
Expiration: 10/4/21

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 9/16/21 in 20149
MSRP
$21,100
Sales Price
$21,100
Cash Rebates
$500
Target Price
$20,600
Lease Estimate
$261/mo
Finance Estimate
$289/mo

Cash Incentives

Incentive available to most customers and purchasing situations.
RebateAmount
Customer Rebate Customer Cash (Expires 10/4/21) 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. $500

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 %2.9%2.9%2.9%2.9%3.9%
Eligibility Contracts must be processed by TFS.

Hurry! Offer expires

Leases For Similar Cars

Based on 2022 Toyota Corolla L 4dr Sedan w/CVT - MSRP $21,100

Toyota Lease Deals, Financing Incentives & Rebates: September 2021

We've put together a list of the latest & greatest Toyota lease deals, rebates, and APR incentives. Get insider tips on how you can save the most money on a new Toyota vehicle. View Toyota Deals, Incentives and Rebates

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