My Take: ’09 Corollas will probably be difficult to get at invoice. Edmund’s TMV reports only about $300 off MSRP. Then again, I take Edmund’s TMV with grain of salt. Here are the numbers on a very well equipped ’09 Corolla LE.
- MSRP $20,805
- Invoice $18,449
- Standard inception fees plus taxes
- Rates in BOLD
Monthly Payment $218 at invoice, $288 at MSRP, $275 at TMV.
If you tack on your local taxes, you’ll be paying over $300 a month over 36 months at MSRP and TMV. Would I lease it? Probably not, I’d rather buy it since it’s a relatively inexpensive car.
Toyota Corolla LE
36mo/15k – residual 61% – money factor .00188