2022 Corolla Hybrid Prices

Rates and payment breakdown for leasing, finance or cash

The Toyota Corolla is a popular sedan amongst young drivers and families because it offers a ton of features for an affordable price. The new 2022 Corolla Hybrid takes that popularity one step further by offering even more features, such as great fuel efficiency and battery life!

Its design is modern, and comes with standard features include Apple CarPlay or Android Auto. It has both conventional and contemporary designs. Before you buy, compare the trims and features to our 2022 Toyota Corolla Trim Levels Guide.

There are several financing and leasing alternatives to fit your specific requirements. Check out the pricing and expected costs below to see which one is best for you.

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 is a 5-seat sedan that will suit any event. The table below shows you the price ranges for each type of vehicle, so be sure to take your pick!

Corolla Hybrid PricingBasePremium
MSRP Price$25,190$27,260
Estimated All-in Price*$30,916$33,234
Finance ratesBasePremium
3 year2.99%2.99%
4 year3.49%3.49%
5 year3.69%3.69%
6 year3.79%3.79%
7 year3.79%3.79%
3 year, $0 downBasePremium
Estimated Monthly payment$899$966
Reduction per $1k down$29.1$29.1
Annual cost of borrowing$482$518
4 year, $0 downBasePremium
Estimated Monthly payment$691$743
Reduction per $1k down$22.4$22.4
Annual cost of borrowing$563$605
5 year, $0 downBasePremium
Estimated Monthly payment$565$607
Reduction per $1k down$18.3$18.3
Annual cost of borrowing$597$642
6 year, $0 downBasePremium
Estimated Monthly payment$481$517
Reduction per $1k down$15.6$15.6
Annual cost of borrowing$616$662
7 year, $0 downBasePremium
Estimated Monthly payment$420$451
Reduction per $1k down$13.6$13.6
Annual cost of borrowing$619$665
Updated: January 2022

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 2022 Toyota Corolla is a great car with many safety features, and it has an awesome drive! With this information, you can figure out how much your payments will be for the vehicle.

Corolla Hybrid Lease ratesBasePremium
2 year4.69%4.69%
3 year4.69%4.69%
4 year4.99%4.99%
5 year5.49%5.49%
Security Deposit (Max amount)$3,000$3,000
2 year, $0 downBasePremium
Estimated Monthly Payment$621$675
Reduced Payment per $1k down$48.8$48.8
Annual cost of borrowing$1,167$1,249
Lease end buyout value$16,374$17,446
Savings from adding Security Deposit$732$784
3 year, $0 downBasePremium
Estimated Monthly Payment$498$540
Reduced Payment per $1k down$33.3$33.3
Annual cost of borrowing$1,120$1,198
Lease end buyout value$14,610$15,538
Savings from adding Security Deposit$1,062$1,137
4 year, $0 downBasePremium
Estimated Monthly Payment$440$476
Reduced Payment per $1k down$25.7$25.7
Annual cost of borrowing$1,144$1,224
Lease end buyout value$12,847$13,630
Savings from adding Security Deposit$1,368$1,465
5 year, $0 downBasePremium
Estimated Monthly Payment$409$443
Reduced Payment per $1k down$21.3$21.3
Annual cost of borrowing$1,209$1,293
Lease end buyout value$11,084$11,722
Savings from adding Security Deposit$1,657$1,774
Updated: January 2022
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 of money you will end up SAVING 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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