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2022 Toyota Corolla Hybrid Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/Holdback

Price terms Used in this Guide:
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost
2022 Corolla Hybrid - Trim: LE - 4-Door Sedan with FWD. Powered by by a 1.8L, 4 Cylinder, Gas/Electric Engine w/ CVT Transmission.
MSRP
$23,750
Invoice Price
$21,991
Destination Fee
$1,025
Holdback
$475
Dealer Cost
$22,541
Find the Best Price
Price Tip:

To find the best possible price on a new Toyota Corolla Hybrid, shop prices online first. Get up front pricing before you walk into a dealership. We recommend the following free services; Car Clearance Deals,   Edmunds,   NADAguides,   Motortrend  &   CarsDirect
These services will offer you the lowest prices and supply you with multiple competing price quotes. You will know the best price before you visit the dealer.

How to Calculate The Dealer Cost of a Toyota Corolla Hybrid

Formula for Calculating Dealer Cost:

  • Example: Base Toyota Corolla Hybrid invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
  • What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.

Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here)

Toyota Corolla Hybrid Overview:

The 2022 Toyota Corolla Hybrid would be something to consider for customers who value affordability and efficiency. This compact sedan has a relatively low starting price and can earn more than 50 miles per gallon. As many have come to expect from Toyota vehicles, the Corolla Hybrid has an excellent safety package and will prove to be reliable for the long run.

2022 Model Year Changes

Nothing significant has changed to the standard package that comes with the Corolla Hybrid. However, it can now be upgraded with the Premium Interior Package. This would give it SofTex seats and heated front seats. This package also comes with a power-adjustable driver's seat and a steering wheel wrapped in leather.

Performance

The hybrid version of the Corolla runs on a 1.8-liter engine and has an electric component. Total horsepower is 121. This isn't amazing by any means, but for the majority of drivers who deal with paved surfaces on a daily basis, it should be just fine. Front-wheel drive and a continuously variable automatic transmission are standard.

In case someone wants the Corolla Hybrid to feel a little more responsive, there's a Power driving mode that can be selected. Normal mode is the default one, and there's also an Eco mode that increases efficiency.

Fuel Economy

This is the area in which the Corolla Hybrid does best. It earns an estimated 53 miles per gallon in the city and 52 miles per gallon on the highway. People will be pleased to be able to save so much on gas, and this savings can really add up over time.

Inside the Cabin

While it is quite affordable, the Toyota Corolla Hybrid manages to have a number of nice features. It comes standard with a Smart Key System as well as push button start. It has an automatic climate control system to keep people comfortable, and it has premium fabric seats. As mentioned, it can be upgraded with heated front seats and SofTex upholstery as part of an option package.

Those sitting in the front row can use the illuminated vanity mirrors when they need to, and both of the front windows have a one-touch auto-up/-down function. Small storage areas can be found in the glove compartment, door pockets, and center console.

In the second row of the cabin, there'ss a 60/40 split seatback. Being divided into two parts allows for some more flexibility in terms of how the cabin is arranged. Larger pieces of cargo can hopefully fit when one or both side of the seat are down. When no one is sitting in the center seat, its seatback can fold down to act as an armrest, and integrated into that armrest are two cup holders.

It's no secret that the Corolla Hybrid isn't that big. It only has 34.8 inches of rear-seat leg room. For people that don't frequently have full cabins, this should still be enough space.

Technology

On this car, there's an eight-inch touchscreen. This touchscreen comes equipped with Android Auto and Apple CarPlay. It also comes with SiriusXM and Amazon Alexa. Wi-Fi connectivity is available, too.

With all of these features, it can be easier to stay entertained and in touch with others while traveling. Amazon Alexa, in particular, can be very convenient. It can even communicate with other Alexa-compatible devices. One front USB port and one rear USB port are incorporated into the Corolla Hybrid so that devices can stay charged.

Safety

The Corolla Hybrid can work hard to keep people safe. It has Toyota Safety Sense 2.0, which is a package that provides the car with driver-assist technologies. Those include adaptive cruise control, road sign assist, and automatic high beams. These components are all nice to have and help drivers in their own ways.

Also included with this package are several monitoring and mitigation systems. The Corolla Hybrid can detect when it's getting too close to vehicles in front of it or when it's drifting out of its position in a lane. Plus, it can sense when pedestrians may be in front of the car. It can alert drivers to these problematic situations, and it can even correct steering and braking when necessary.

There is the opportunity to get a Corolla Hybrid with a few extra components. Those are blind spot monitoring and rear cross-traffic alert. It can be reassuring to have an extra pair of eyes looking out for other vehicles.

The Corolla Hybrid isn't impressive because of its upscale features or its performance, but what does really work in its favor is its efficiency. Not only can people save money thanks to the low cost of the Corolla Hybrid, but then they can also enjoy lower fuel costs each month. Toyota has given the Corolla Hybrid several elements that feel more than basic, such as the smartphone compatibility and driver-assist technology. Overall, this car presents an intriguing option for anyone interested in getting a hybrid sedan.

Note: All Toyota Corolla Hybrid MSRP, invoice and dealer cost dollar figures above are subject to change without notice.

A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.



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