2021 Toyota Corolla Prices and Deals

2022 Corolla arrives soon:

The carryover 2021 Corolla is in stock and has a handful of offers, including lease offers, cash incentives, and more. Most offers are the same this month, but Toyota seems to have dropped all its promotional leases on the Corolla.

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. The 2022 Corolla gets cash and low-APR offers ahead of its arrival.

Toyota's deals are regional and will expire August 2, 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.

Lease from $241/mo.:

The 2021 Corolla has no promotional leases advertised this month, so there are only full-retail lease options for now. These start from an estimated $241 per month for 36 months with $2,891 due at signing on the LE Sedan trim. With an effective monthly cost of $321, this is not a good value for its MSRP.

Need a hatchback? The 2021 Corolla Hatchback SE's 36-month full-retail lease runs an estimated $266 ($37 increase) per month with $2,916 ($917 increase) due at signing. With an effective monthly cost of $347, this is not a good value relative to its MSRP.

Opting for the thrifty 2021 Corolla Hybrid LE on a 36-month full-retail lease will set you back an estimated $267 ($48 increase) per month with $2,917 ($918 increase) due at signing. This adds up to a $348 monthly effective cost, which makes the Corolla Hybrid LE's lease a terrible value relative to its MSRP.

There are no lease offers on the 2022 Corolla.

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

Finance from 1.9%:

The 2021 Corolla continues with two low-APR offers: 1.9% APR for 60 months and 2.9% APR for 72 months. This low APR isn't stackable with the cash offer below.

The 2022 Toyota Corolla gets its first APR offers this month: 2.9% for 60 months or 3.9% for 72 months.

Cash incentive remains:

The 2021 Corolla features a $1,000 customer cash rebate, but buyers can't combine it with the low APR.

The 2022 Toyota Corolla gets its first cash offer this month: $500 in customer cash that you can't combine with the low APR above.