2023 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
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost
2023 Corolla Hybrid - Trim: LE 4-Door Sedan. Powertrain: FWD, 1.8L, 4 CYL, Gas/Electric Powered, CVT
MSRP
$22,800
Invoice Price
$21,111
Destination Fee
$1,095
Holdback
$456
Dealer Cost
$21,750

2023 Corolla Hybrid - Trim: LE 4-Door Sedan. Powertrain: AWD, 1.8L, 4 CYL, Gas/Electric Powered, CVT
MSRP
$24,200
Invoice Price
$22,407
Destination Fee
$1,095
Holdback
$484
Dealer Cost
$23,018

2023 Corolla Hybrid - Trim: SE 4-Door Sedan. Powertrain: FWD, 1.8L, 4 CYL, Gas/Electric Powered, CVT
MSRP
$25,200
Invoice Price
$23,333
Destination Fee
$1,095
Holdback
$504
Dealer Cost
$23,924

2023 Corolla Hybrid - Trim: SE 4-Door Sedan. Powertrain: AWD, 1.8L, 4 CYL, Gas/Electric Powered, CVT
MSRP
$26,600
Invoice Price
$24,629
Destination Fee
$1,095
Holdback
$532
Dealer Cost
$25,192

2023 Corolla Hybrid - Trim: XLE 4-Door Sedan. Powertrain: FWD, 1.8L, 4 CYL, Gas/Electric Powered, CVT
MSRP
$26,600
Invoice Price
$24,629
Destination Fee
$1,095
Holdback
$532
Dealer Cost
$25,192

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
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)
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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.