2022 Corolla Hatchback Prices

Rates and payment breakdown for leasing, finance or cash

The Corolla Hatchback is a versatile car that can accommodate seven people and have enough room for your groceries! The 2 liter engine provides good fuel economy with its direct shift cvt transmission making this model one of the best buys on today’s market.

If you are considering to get one, check out the detailed trim and feature breakdown in our 2022 Corolla Hatchback Trim Levels guide!

Please note the following about the payment and pricing on this page before you continue:

  • This table includes a document fee of $598 plus tax, which is not included on Toyota’s website. Actual pricing may vary depending on the dealer’s fees and costs. For reference, BC-based taxes have been added.
  • Pricing information is collected from the Toyota Canada website for the time period displayed at the bottom of the table. Rates and pricing is for reference purposes and pricing or rates may change without notice.
  • Always check with Toyota Canada for the most up-to-date information in the event of a discrepancy.

Please see the guide below for leasing, finance or cash prices for this vehicle.

Cash & Financing Breakdown

The Toyota Corolla Hatchback is the perfect car for long drives and family vacations! You can find out all about financing options by looking at this table.

Corolla Hatchback Cash & finance ratesSSESE UpgradeNightshadeXSE
MSRP Price$22,450$24,560$26,360$26,890$29,210
Estimated All-in Price*$27,880$30,244$32,260$32,853$35,452
Finance ratesSSESE UpgradeNightshadeXSE
3 year term2.99%2.99%2.99%2.99%2.99%
4 year term3.49%3.49%3.49%3.49%3.49%
5 year term3.69%3.69%3.69%3.69%3.69%
6 year term3.79%3.79%3.79%3.79%3.79%
7 year term3.79%3.79%3.79%3.79%3.79%
SSESE UpgradeNightshadeXSE
3 year finance w/ $0 down (monthly)$811$879$938$955$1,031
Payment reduction (per $1k downpayment)$29.1$29.1$29.1$29.1$29.1
Cost of borrowing (Annual)$435$471$503$512$553
SSESE UpgradeNightshadeXSE
4 year finance w/ $0 down (monthly)$623$676$721$734$792
Payment reduction (per $1k downpayment)$22.3$22.4$22.3$22.4$22.4
Cost of borrowing (Annual)$508$551$588$599$646
SSESE UpgradeNightshadeXSE
5 year finance w/ $0 down (monthly)$510$553$590$600$648
Payment reduction (per $1k downpayment)$18.3$18.3$18.3$18.3$18.3
Cost of borrowing (Annual)$539$584$623$635$685
SSESE UpgradeNightshadeXSE
6 year finance w/ $0 down (monthly)$434$470$502$511$551
Payment reduction (per $1k downpayment)$15.6$15.6$15.6$15.6$15.6
Cost of borrowing (Annual)$556$603$643$655$707
SSESE UpgradeNightshadeXSE
7 year finance w/ $0 down (monthly)$378$410$438$446$481
Payment reduction (per $1k downpayment)$13.6$13.6$13.6$13.6$13.6
Cost of borrowing (Annual)$558$605$646$657$709

How to calculate payment with downpayment included?

The ‘Payment reduction (per $1k downpayment)’ amount is included for this purpose. To give you an example, let’s say you are looking a 5-year lease and the payment is listed in the table like this:

Payment w/ $0 down – $677

Reduction per $1k down – $21.4

This shows you that the payment for 5 years is $677 per month. If you put down a $1,000 deposit, the cost will be reduced by $21.40, resulting in a monthly price of $655.60.

You can simply increase the amount if you want to add more. For example, $5k down payment amounts to $21.40×5, which equals $107. In this case, the monthly payment is $507 with a $5k downpayment on a 5-year lease.

Cost of Borrowing: What is this?

This is how much money you pay based on the stated interest rate. The amount is determined by adding up all of the monthly payments and then adding them to the lease end value with tax included, then subtracting this sum from the all-in full cash total. The monthly leasing cost is typically higher when you opt for a longer lease term or if the lease rate is high.

Leasing Payment Breakdown

The Toyota Corolla Hatchback is a great car for those who care about gas prices. Use this table to see how much it would cost you at different lease rates, and then make an informed decision on whether or not the price difference between cars makes up enough of your budget that buying one might be better!

Corolla Hatchback Lease ratesSSESE UpgradeNightshadeXSE
2 year term4.49%4.49%4.49%4.49%4.49%
3 year term4.49%4.49%4.49%4.49%4.49%
4 year term4.99%4.99%4.99%4.99%4.99%
5 year term5.49%5.49%5.49%5.49%5.49%
Security Deposit (Max amount)$3,000$3,000$3,000$3,000$3,000
SSESE UpgradeNightshadeXSE
2 year lease w/ $0 down (monthly)$555$595$630$640$698
Payment reduction (per $1k downpayment)$48.7$48.7$48.7$48.7$48.7
Cost of borrowing (Annual)$1,013$1,100$1,174$1,196$1,285
Lease end buyout value$14,817$16,210$17,398$17,747$18,987
Savings w/ Security Deposit Added (full term)$661$719$769$784$843
SSESE UpgradeNightshadeXSE
3 year lease w/ $0 down (monthly)$456$491$521$530$577
Payment reduction (per $1k downpayment)$33.2$33.2$33.2$33.2$33.2
Cost of borrowing (Annual)$959$1,042$1,113$1,134$1,217
Lease end buyout value$12,797$13,999$15,025$15,327$16,358
Savings w/ Security Deposit Added (full term)$948$1,031$1,102$1,123$1,207
SSESE UpgradeNightshadeXSE
4 year lease w/ $0 down (monthly)$409$441$469$477$519
Payment reduction (per $1k downpayment)$25.7$25.7$25.7$25.7$25.7
Cost of borrowing (Annual)$1,016$1,104$1,179$1,201$1,290
Lease end buyout value$11,001$12,034$12,916$13,176$14,021
Savings w/ Security Deposit Added (full term)$1,215$1,322$1,412$1,439$1,546
SSESE UpgradeNightshadeXSE
5 year lease w/ $0 down (monthly)$378$409$435$443$481
Payment reduction (per $1k downpayment)$21.3$21.3$21.3$21.3$21.3
Cost of borrowing (Annual)$1,075$1,167$1,247$1,270$1,363
Lease end buyout value$9,429$10,315$11,071$11,294$11,976
Savings w/ Security Deposit Added (full term)$1,472$1,600$1,709$1,741$1,871
Monthly Payment (w/ security deposit)SSESE UpgradeNightshadeXSE
2 year term$527$565$598$608$663
3 year term$430$463$491$499$544
4 year term$384$414$440$447$487
5 year term$354$382$406$414$450
How to calculate payment with downpayment included?

The ‘Payment reduction (per $1k downpayment)’ amount is included for this purpose. To give you an example, let’s say you are looking a 5-year lease and the payment is listed in the table like this:

Payment w/ $0 down – $677

Reduction per $1k down – $21.4

This shows you that the payment for 5 years is $677 per month. If you put down a $1,000 deposit, the cost will be reduced by $21.40, resulting in a monthly price of $655.60.

You can simply increase the amount if you want to add more. For example, $5k down payment amounts to $21.40×5, which equals $107. In this case, the monthly payment is $507 with a $5k downpayment on a 5-year lease.

Lease end value: What is this?

You have the option to purchase out the vehicle at the end of your lease. To gain complete ownership of the car, you must pay the ‘lease end value’ to take ownership of it. Remember that this amount is taxable and that dealerships may charge additional fees to execute this procedure.

Security Deposit: What is this?

To lower the interest rate, you may add a Security Deposit when you lease a car. Doing so, the interest rate will be reduced by up to 1.5%. You can see the total accumulated amount you will end up SAVING for the entire term when a security deposit is added with the lease.

The maximum amount stipulated in the table can be adjusted to be less, but providing a lesser amount will affect the rate reduction. The deposit is, in the end, simply a deposit, and the full amount of money is returned to you at the conclusion of your lease term.

Cost of Borrowing: What is this?

This is how much money you pay based on the stated interest rate. The amount is determined by adding up all of the monthly payments and then adding them to the lease end value with tax included, then subtracting this sum from the all-in full cash total. The monthly leasing cost is typically higher when you opt for a longer lease term or if the lease rate is high.

See our breakdown of the trims and features on this:

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