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2021 Toyota Corolla Hybrid Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback

Price terms Used:
MSRP What is MSRP? Invoice Price What is Dealer Invoice Price? Destination Fee Whatis the Destination Fee? Holdback What is Holdback? Dealer Cost What is Dealer Cost?
2021 Corolla Hybrid - Style: LE, 4-Dr Sedan. Powered by a 1.8 L, 4 Cylinder, Gas/Electric Engine w/ CVT Transmission
MSRP
$23,400
Invoice Price
$21,666
Destination Fee
$995
Holdback
$468
Dealer Cost
$22,193
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Price Tip:

To avoid overpaying 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;
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Toyota Corolla Hybrid Overview:

Engineered for efficient driving, the 2021 Toyota Corolla Hybrid is an affordable car with premium amenities. This compact sedan offers the standard Toyota Safety Sense 2.0 technology and lots of advanced security features.

What's New For 2021?

Available in one edition, the 2021 Corolla Hybrid is loaded with impressive standard features. Trimmed in fabric, the driver's seat has a six-way design with power controls. Chrome door handles and an automatic climate control system are some other convenient features inside this compact car.

Featuring a high-grade design for optimum illumination, LED headlights are installed on this hybrid Toyota sedan. A black front grille with mesh inserts accentuates the sporty profile of this all-new model. The outside door handles and power-folding side mirrors are available with a color-keyed design. Additionally, the car's shark fin antenna matches the body's paint color.

Driving Experience

The 2021 Corolla Hybrid is powered by a 1.8 L DOHC engine block that burns unleaded gasoline. All combustion strokes in this four-cylinder powertrain are managed by the Variable Valve Timing with intelligence technology. The peak ratings of this I-4 propulsion system are 121 horsepower and 105 pound-feet of torque. This compact engine works in tandem with the Electronically Controlled Variable Transmission System, which generates an array of gear speeds. A lithium-ion battery provides backup power for local and long-distance drives.

A front-wheel drive (FWD) system receives power from the signature ECVT system. This hybrid car can also operate on the Power Mode for optimum acceleration on the freeway. The Normal Mode optimizes the output from the 1.8 L engine at relatively low RPMs. Built on a rack-and-pinion platform, an electric power steering system makes it easy to navigate sharp turns and curves. Additionally, this lightweight Toyota sedan is equipped with power-assisted front disc brakes that measure 10.8 inches in diameter.

Fuel Economy

The 2021 Corolla Hybrid boasts a fuel economy of up to 52 MPG on the highway and 53 MPG in the city. Such class-leading gas mileage ratings can be achieved with assistance from the ECO Mode, which is activated with the push of an electronic button. Having an 11.4-gallon fuel tank, this hybrid sedan offers a driving range of approximately 605 miles. This all-new model is also recognized as an Ultra Low Emission Vehicle 70. If necessary, the 1.8 L engine automatically shuts off instead of idling on the road.

Technology

An 8.0-inch touch screen is the most important technology inside the 2021 Corolla Hybrid. Two electronic knobs and multiple hard keys make it easy to navigate the infotainment console. Smartphones may be integrated into the multimedia suite through Apple CarPlay or Android Auto. Bluetooth and Amazon Alexa also recognize an array of voice commands from the driver or front passenger.

This compact hybrid sedan also comes with a 90-day subscription to SiriusXM Satellite Radio All Access. With access to more than 150 music channels on a six-speaker audio system, everyone inside the vehicle will be entertained during trips. Featuring a 2 GB data plan, the Wi-Fi Connect plan is integrated into the car's infotainment platform. A 12-month trial to the Safety Connect suite is also included in this hybrid Toyota model.

Interior Amenities

The 2021 Corolla Hybrid's instrument cluster includes the 7.0-inch Multi-Information Display. Having a TFT interface, the signature MID informs the driver about the car's various settings. For example, the ECO Mode Indicator and Hybrid System Power Meter appear on the digital monitor. Various warnings from the active safety system also appear on the MID.

The Smart Key System may be used to unlock the front doors and trunk on this compact sedan. A two-stage unlocking mechanism and panic function are included in this electronic key. Power door locks with an automatic locking mechanism are standard inside the 2021 Corolla Hybrid. Four cup holders and an overhead console with map lights are some other noteworthy accessories inside the cozy cabin.

Safety and Security

The Toyota Safety Sense 2.0 technology gives drivers more confidence for handling the 2021 Corolla Hybrid on any public road. Scanning the forward path for decelerating vehicles and slow-moving pedestrians, the Pre-Collision System might prevent an accident. Enhanced by the Full-Speed Range function, the updated DRCC may also slam on the brakes in response to a sudden change in traffic movement.

The TSS 2.0 suite powers other industry-leading driving aides, like the Lane Tracing Assist. With some help from the all-new LTA, the driver will keep this hybrid sedan centered on a single lane. Using high-resolution camera lenses to read posted road signs, the Road Sign Assist sends alerts to the Multi-Information Display. When this hybrid Toyota moves faster than 25 MPH, the Automatic High Beams are activated. The AHB quickly manage the low and high beam settings for the front headlights.

This hybrid Toyota sedan is equipped with the Star Safety System, which improves handling in challenging conditions. For instance, the Vehicle Dynamics Integrated Management is an all-new technology that optimizes multiple mechanical metrics under the hood. As the name suggests, the Traction Control reduces the risk of slipping on wet roads. Additionally, the Smart Stop Technology decreases the stopping distance on a slippery pavement.

Up to 10 standard air bags protect occupants inside the 2021 Corolla Hybrid. The front seats inside this compact sedan include the Whiplash-Injury-Lessening technology. All seat belts include adjustable shoulder anchors and force limiters. Made of high-tensile steel, the body panels provide superb protection against severe side crashes.

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)

Note: All Toyota Corolla Hybrid MSRP, invoice and dealer cost dollar figures above are approximate amounts. Prices 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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