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- Toyota Corolla Lease Deals
The 2021 Toyota Corolla is a compact sedan that features Pedestrian Detection, Adaptive Cruise Control, and In-Car WiFi. Leasing the Toyota Corolla can be a good option through a variety of lease deals, options, and packages. The average lease payment for the Toyota Corolla is $205/mo with $2,000 due at signing for a 36-month term with 12,000 annual mileage limit. Average monthly lease payments for the same deal but with 24-month or 48-month term lengths are $247/mo and $226/mo respectively.
Toyota Corolla Lease Options
| Miles/Year | 24 months | 36 months | 48 months |
|---|---|---|---|
| 10,000 | $310/mo | $200/mo | $222/mo |
| 12,000 | $247/mo | $205/mo | $226/mo |
| 15,000 | $265/mo | $217/mo | $234/mo |
| 18,000 | $290/mo | $240/mo | $255/mo |
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Leasing a vehicle is essentially entering into a long term rental agreement for that vehicle. Unlike a traditional car purchase, you don’t actually own the vehicle.
Use this graph to compare average lease payments of comparable vehicles and find the right car for your budget.
Each month there are varying incentives available for each vehicle and therefore the monthly payments can vary from month to month.
- The depreciation of the vehicle during the time you are leasing it.
- Paying for the interest (finance charge) that the leasing company charges you.
- If you have chosen to add taxes and fees to the amount borrowed, paying for those.
- 1You cannot drive more than the stated annual miles. If you do, there are excess mileage fees.
- 2You are liable for certain types of damage.
- 3There are costs that apply and procedures to follow at the end of you lease.
