Factory Incentives for New 2020 Toyota Corolla LE FWD 4D Sedan

As of 2020/05/25 | Location: Fernelius Toyota Cheboygan, MI 49721

Fernelius Price $22,342

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  • Customer Cash*

    Effective Dates: 2020-05-05 - 2020-06-01

    $1,250
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    Cash from Toyota Motor Sales U.S.A., Inc. on select models of the new 2020 Corolla from participating dealer’s stock and subject to vehicle availability. Cannot be combined with Customer Cash, APR, Lease, APR Subvention Cash, Lease Subvention Cash. Offer available in IN, KY, MI, OH, TN; void where prohibited. Expires 06-01-2020. See your participating Toyota dealer for details. *ToyotaCare covers normal factory scheduled service for 2 years or 25,000 miles, whichever comes first. 24-hour roadside assistance is also included for 2 years and unlimited miles. See Toyota dealer for details and exclusions. Valid only in the continental U.S. and Alaska. **2020 EPA-estimated 31 city/40 highway/34 combined mpg for Corolla L & LE. Actual mileage will vary. ***Toyota vehicle and components assembled using U.S. and globally sourced parts.

Total Cash Back
$1,250

Finance this vehicle today!

APR * - Expires 2020-06-01

  • 1.9%
    24 Months
    $802.00
  • 1.9%
    36 Months
    $540.00
  • 1.9%
    48 Months
    $409.00
  • 1.9%
    60 Months
    $330.00
  • 3.9%
    72 Months
    $294.00

APR * - Expires 2020-06-01

  • 1.9%
    24 Months
    $802.00
  • 1.9%
    36 Months
    $540.00
  • 1.9%
    48 Months
    $409.00
  • 1.9%
    60 Months
    $330.00
  • 3.9%
    72 Months
    $294.00
* Payments are calculated based on 20% down payment. Eligibility and qualification restrictions may apply. More
APR
60 monthly payments of $17.48 for every $1,000 financed. Terms available on approved credit to For only very well qualified customers/lessees through participating Toyota dealers and Toyota Financial Services (TFS). No down payment required if qualified for advertised offer. If you do not qualify for the offer, the amount and percentage of any down payment vary with your credit qualifications. Dealer contribution may vary and could affect price. Individual dealer prices, other terms and offers may vary. Must take retail delivery from dealer’s stock and terms subject to vehicle availability. Cannot be combined with Customer Cash, APR, Lease, Lease Subvention Cash. See your participating Toyota dealer for details. Offer available in IN, KY, MI, OH, TN; void where prohibited. Expires 06-01-2020. Toyota Financial Services is a service mark used by Toyota Motor Credit Corporation. *ToyotaCare covers normal factory scheduled service for 2 years or 25,000 miles, whichever comes first. 24-hour roadside assistance is also included for 2 years and unlimited miles. See Toyota dealer for details and exclusions. Valid only in the continental U.S. and Alaska. *2020 EPA-estimated 31 city/40 highway/34 combined mpg for Corolla SE with automatic transmission. Actual mileage will vary. **Toyota vehicle and components assembled using U.S. and globally sourced parts.
72 monthly payments of $15.60 for every $1,000 financed. Terms available on approved credit to For only very well qualified customers/lessees through participating Toyota dealers and Toyota Financial Services (TFS). No down payment required if qualified for advertised offer. If you do not qualify for the offer, the amount and percentage of any down payment vary with your credit qualifications. Dealer contribution may vary and could affect price. Individual dealer prices, other terms and offers may vary. Must take retail delivery from dealer’s stock and terms subject to vehicle availability. Cannot be combined with Customer Cash, APR, Lease, Lease Subvention Cash. See your participating Toyota dealer for details. Offer available in IN, KY, MI, OH, TN; void where prohibited. Expires 06-01-2020. Toyota Financial Services is a service mark used by Toyota Motor Credit Corporation. *ToyotaCare covers normal factory scheduled service for 2 years or 25,000 miles, whichever comes first. 24-hour roadside assistance is also included for 2 years and unlimited miles. See Toyota dealer for details and exclusions. Valid only in the continental U.S. and Alaska. *2020 EPA-estimated 31 city/40 highway/34 combined mpg for Corolla SE with automatic transmission. Actual mileage will vary. **Toyota vehicle and components assembled using U.S. and globally sourced parts.

Targeted Incentives

  • Other*

    Effective Dates: 2020-05-05 - 2020-06-01

    Lease a New 2020 GR Supra for as low as $519/month for 36 months with $4,999 due at signing
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    Terms available on approved credit through participating dealers and Toyota Financial Services (TFS). Not all customers/lessees qualify. Lease example based on vehicle MSRP of $56,140. $4,999 Due At Signing includes $3,830 customer down payment, first month's payment of $519, and $650 Acquisition Fee. Dealer contribution may vary and could affect lease payment. Individual dealer prices, other terms and offers may vary. Must lease from participating dealer’s stock and terms are subject to vehicle availability. Lessee responsible for maintenance, excess wear and use, and will pay $0.15 per mile for all mileage over 7500 miles per year. $350 disposition fee is due at lease end. Cannot be combined with TFS APR Cash, TFS Lease Cash, Customer Cash, APR, Lease, APR Subvention Cash. Offer available in IN, KY, MI, OH, TN; void where prohibited. Expires 06-01-2020. See your participating Toyota dealer for details. Toyota Financial Services is a service mark used by Toyota Motor Credit Corporation (TMCC). TMCC is the authorized attorney-in-fact and servicer for Toyota Lease Trust.

  • Other*

    Effective Dates: 2020-05-05 - 2020-06-01

    2.90% APR Financing for up to 60 Months on select Toyota Certified Used Camry and Camry Hybrid models in Dealer Stock.
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    2.9% APR for 36 Months - $29.04 per $1,000 borrowed OR 2.9% APR for 48 Months - $22.09 per $1,000 borrowed OR 2.9% APR for 60 Months - $17.92 per $1,000 borrowed. No down payment with approved credit through Toyota Financial Services. Not all customers will qualify – Tier 1+ only. Must take retail delivery from Toyota Certified Used Vehicles in dealer stock by 5-4-2020. Subject to availability. A dealer documentary service fee up to $150 may be added to the sale price or capitalized cost. Individual dealer prices may vary. See participating dealer for details. TCUV Program available in continental U.S., D.C., Alaska and Canada. See TCUV Warranty Supplement for details.*Whichever comes first from date of Toyota Certified Used Vehicle purchase.**Whichever comes first from date of Toyota Certified Used Vehicle purchase or 100,000 total vehicle miles. ***From date of Toyota Certified Used Vehicle purchase. Covers most services, including flat tires, lockout service, jump starts, fuel delivery up to 3 gallons, no more than 2 times per month, and towing for mechanical breakdown or collision recovery to the nearest Toyota dealership, except alternative fuel vehicles, including electric and fuel cell vehicles, which may be towed to an authorized charging or fueling station. Services provided exclude any parts required. ****CARFAX® Vehicle History Reports™ are a required part of every Toyota Certified Used Vehicle. See your local dealer for details.

  • Military*

    Effective Dates: 2020-05-05 - 2020-06-01

    $500
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    $500 rebate offered by Toyota Motor North America, Inc. and may be applied toward finance or lease contracts on new Toyota vehicles, dated from 05-05-2020 through 06-01-2020. To qualify for the rebate, at the time of purchase or lease you must (1) be in current active duty status in the U.S. military (Navy, Army, Air Force, Marines, National Guard, Coast Guard and active Reserve) OR a U.S. military inactive reserve (i.e., Ready Reserve) that is part of the individual Ready Reserve, Selected Reserve and Inactive National Guard; OR a military veteran or retiree of the U.S. military within one year of their discharge/retirement date; OR a household member of an eligible U.S. military personnel, including Gold Star family members; AND (2) provide verifiable proof of military status or active service; (3) receive a salary sufficient to cover ordinary living expenses and payment for your new vehicle; and (4) receive credit approval from and execute a finance or lease contract through a participating Toyota dealer and Toyota Financial Services. Not all applicants will qualify. On lease contracts, rebate must be applied toward the Amount Due at Lease Signing or toward the Capitalized Cost Reduction. On finance contracts, rebate must be applied toward the Down Payment. Limit one rebate per finance or lease transaction per eligible U.S. military personnel or eligible household member. Offer not combinable with the College Graduate Rebate Program, the iFi Program, and the Lease-End Refi Program. Vehicle must be taken out of dealer stock. Terms, conditions and restrictions apply. Program is not available in AL, FL, GA, HI, NC, and SC. Rebate terms may be more generous in your local area. Ask your participating dealer about the military rebate terms in your area. Must pay sales tax. Void where prohibited by law. Not redeemable for cash. Toyota Financial Services is a service mark of Toyota Motor Credit Corporation (TMCC). TMCC is the authorized attorney-in-fact and servicer for Toyota Lease Trust.©2018 Toyota Financial Services. All rights reserved. Toyota Financial Services is a service mark of Toyota Motor Credit Corporation (TMCC).TMCC is the authorized attorney-in-fact and servicer for Toyota Lease Trust.

  • College Graduate*

    Effective Dates: 2020-05-05 - 2020-06-01

    $500
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    *College Graduate Rebate is available on all new and unlicensed Toyota vehicles. Toyota Certified Used Vehicles (TCUVs) and Scion Certified Pre-Owned Vehicles are not eligible for the Rebate Program. College Graduate Finance Program (which is not a rebate and instead offers competitive APRs and lease terms) is available on the lease or finance (including preferred option) of all new and unlicensed Toyota models or on TCUVs or Scion Certified Pre-Owned Vehicles. Subject to the foregoing limits and requirements below, the College Graduate Rebate Program and College Graduate Finance Program are available upon credit approval from and execution of a finance or lease contract through a participating Toyota dealer and Toyota Financial Services (TFS). Not all applicants will qualify. To qualify for the College Graduate Rebate Program and College Graduate Finance Program, customers must be currently enrolled in a graduate degree program from an eligible school (as defined below), or enrolled in or be a graduate from an eligible school and provide proof of graduation (showing an upcoming graduation within six months OR a recent graduation within two calendar years from the date of signing your vehicle lease or finance contract) from one of the following eligible schools located in the 50 United States, Puerto Rico, or U.S. Virgin Islands: (a) an accredited four-year college, university or registered nursing program; OR (b) an accredited two-year college associate degree or an undergraduate academic degree as awarded by community colleges, junior colleges, technical colleges and universities; OR (c) an accredited two-year trade or vocational school; OR (d) an accredited graduate school. In all cases, the student will have two calendar years from receipt of their degree to take advantage of the program. Must provide proof of qualification and any one of the following documents will be accepted: (a) copy of diploma; OR (b) letter from the college/university/trade school registrar’s office stating graduation date and type of degree or certification earned; OR (c) copy of the final transcript confirming graduation date and type of degree earned; OR (d) copy of current transcript (or letter from college/university registrar’s office) confirming current enrollment in a graduate degree program. Eligible customers must also meet credit approval requirements and furnish proof of present or future employment (which will begin within 120 days of credit approval) when submitting credit application. Rebate offered by Toyota Motor North America. Rebate will be applied on TFS lease agreements toward the amount due at lease signing or delivery or capitalized cost reduction or the down payment on TFS finance contracts. Limit one rebate per lease or finance transaction. College Graduate Rebate Program may not be combined with the Toyota Military Rebate Program or iFi Program. Rebate valid on contracts executed between 05-05-2020 and 06-01-2020. College Graduate Programs are subject to change or termination at any time. Some restrictions apply. Programs are not available in AL, FL, GA, HI, NC, and SC. Rebate terms may be more generous in your local area. Ask your participating dealer about the college graduate rebate terms in your area. Under the College Graduate Finance Program, competitive APRs and lease terms are available on eligible finance contracts with terms up to specified number of months for retail and lease and preferred option financing on new vehicles. See dealer for details. Must pay sales tax. Void where prohibited by law. Not redeemable for cash.©2019 Toyota Financial Services. All rights reserved.Toyota Financial Services is a service mark of Toyota Motor Credit Corporation (TMCC).TMCC is the authorized attorney-in-fact and servicer for Toyota Lease Trust.

  • Other*

    Effective Dates: 2020-05-05 - 2020-06-01

    2.90% APR Financing for up to 60 Months on select Toyota Certified Used Corolla Family (Sedan, Hatchback, Matrix, iM & MY16 Scion iM) models in Dealer Stock.
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    2.9% APR for 36 Months - $29.04 per $1,000 borrowed OR 2.9% APR for 48 Months - $22.09 per $1,000 borrowed OR 2.9% APR for 60 Months - $17.92 per $1,000 borrowed. No down payment with approved credit through Toyota Financial Services. Not all customers will qualify – Tier 1+ only. Must take retail delivery from Toyota Certified Used Vehicles in dealer stock by 5-4-2020. Subject to availability. A dealer documentary service fee up to $150 may be added to the sale price or capitalized cost. Individual dealer prices may vary. See participating dealer for details. TCUV Program available in continental U.S., D.C., Alaska and Canada. See TCUV Warranty Supplement for details.*Whichever comes first from date of Toyota Certified Used Vehicle purchase.**Whichever comes first from date of Toyota Certified Used Vehicle purchase or 100,000 total vehicle miles. ***From date of Toyota Certified Used Vehicle purchase. Covers most services, including flat tires, lockout service, jump starts, fuel delivery up to 3 gallons, no more than 2 times per month, and towing for mechanical breakdown or collision recovery to the nearest Toyota dealership, except alternative fuel vehicles, including electric and fuel cell vehicles, which may be towed to an authorized charging or fueling station. Services provided exclude any parts required. ****CARFAX® Vehicle History Reports™ are a required part of every Toyota Certified Used Vehicle. See your local dealer for details.

  • Other*

    Effective Dates: 2020-05-05 - 2020-06-01

    First Month Payment Deferred on the Financing of a New or Certified Used Toyota for up to 90 days. Valid 3/18/20 – 5/4/20.
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    Available on approved credit through participating Toyota dealers and Toyota Financial Services (TFS). Not all applicants will qualify. You may defer the first retail payment for up to 90 days from the contract date (up to 45 days in Pennsylvania). The amount of interest you pay will increase because finance charges accrue from the contract date origination. Earned interest over the first 90 days will be paid as interest according to your amortization schedule and will not be waived or added to the principal. Available on new and Certified Used Toyotas. Maximum term is 72 months. Individual dealer prices, other terms, and offers may vary. Void where prohibited. Not compatible with iFi program. See your participating Toyota dealer for details. The 90 day program is offered March 18, 2020 through June 1, 2020, and the 45-day program in Pennsylvania is offered March 27, 2020 through June 1, 2020. Toyota Financial Services is a service mark used by Toyota Motor Credit Corporation.

  • Other*

    Effective Dates: 2020-05-05 - 2020-06-01

    2.90% APR financing for up to 60 months on select Toyota Certified Used Tacoma Models in Dealer Stock.
    Incentive Details

    Group Affiliation: No Specific Group Affiliation

    Prev. Ownership: No Previous Ownership Requirement

    2.9% APR for 36 Months - $29.04 per $1,000 borrowed OR 2.9% APR for 48 Months - $22.09 per $1,000 borrowed OR 2.9% APR for 60 Months - $17.92 per $1,000 borrowed. No down payment with approved credit through Toyota Financial Services. Not all customers will qualify – Tier 1+ only. Must take retail delivery from Toyota Certified Used Vehicles in dealer stock by 5-4-2020. Subject to availability. A dealer documentary service fee up to $150 may be added to the sale price or capitalized cost. Individual dealer prices may vary. See participating dealer for details. TCUV Program available in continental U.S., D.C., Alaska and Canada. See TCUV Warranty Supplement for details.*Whichever comes first from date of Toyota Certified Used Vehicle purchase.**Whichever comes first from date of Toyota Certified Used Vehicle purchase or 100,000 total vehicle miles. ***From date of Toyota Certified Used Vehicle purchase. Covers most services, including flat tires, lockout service, jump starts, fuel delivery up to 3 gallons, no more than 2 times per month, and towing for mechanical breakdown or collision recovery to the nearest Toyota dealership, except alternative fuel vehicles, including electric and fuel cell vehicles, which may be towed to an authorized charging or fueling station. Services provided exclude any parts required. ****CARFAX® Vehicle History Reports™ are a required part of every Toyota Certified Used Vehicle. See your local dealer for details.

Lease this vehicle today!

Lease** - Expires 2020-06-01

  • $169.00 per month for 36 months.

    $3,168.00 due at lease signing. Excludes registration, tax, title and license.
    Disclaimer *
    Offer Details Lease a new Corolla LE Model 1852: $169.00 / for 36 Months / with $3,168.00 DUE AT SIGNING. Amount due at signing includes DOWN PAYMENT of $2,999.00 and FIRST MONTHLY PAYMENT of $169.00. LEASE END PURCHASE OPTION is $0.00 plus tax, title and license. Customer is responsible for disposition, excess wear and tear fees and $.15 per mile over 12000 miles each year. Dealer participation may affect final negotiated price and applicable taxes. Monthly payment may vary depending on final price of vehicle and your qualifications. Must take delivery from dealer stock. Dealer sets final price. Offer valid 2020-05-05 through 2020-06-01. See dealer for vehicle and lease program details. Drivers should always be responsible for their own safe driving. Please always pay attention to your surroundings and drive safely. Depending on the conditions of roads, vehicles, and weather, etc., the system(s) may not work as intended. See Owners Manual for details. Security deposit required with exception of prior Toyota Financial Services (TFS) financing history and/or TFS tier rating in which a security deposit may be waived.
* Eligibility and qualification restrictions may apply. More
Lease
Terms available on approved credit through participating dealers and Toyota Financial Services (TFS). Not all customers/lessees qualify. Lease example based on vehicle MSRP of $21,254. $2,999 Due At Signing includes $2,180 customer down payment, first month's payment of $169, and $650 Acquisition Fee. $300 cash from TMS must be applied as a capitalized cost reduction (down payment) that is excluded from due at signing; no cash back option. Dealer contribution may vary and could affect lease payment. Individual dealer prices, other terms and offers may vary. Must lease from participating dealer’s stock and terms are subject to vehicle availability. Lessee responsible for maintenance, excess wear and use, and will pay $0.15 per mile for all mileage over 10000 miles per year. $350 disposition fee is due at lease end. Cannot be combined with TFS APR Cash, TFS Lease Cash, Customer Cash, APR, Lease, APR Subvention Cash. Offer available in IN, KY, MI, OH, TN; void where prohibited. Expires 06-01-2020. See your participating Toyota dealer for details. Toyota Financial Services is a service mark used by Toyota Motor Credit Corporation (TMCC). TMCC is the authorized attorney-in-fact and servicer for Toyota Lease Trust. *ToyotaCare covers normal factory scheduled service for 2 years or 25,000 miles, whichever comes first. 24-hour roadside assistance is also included for 2 years and unlimited miles. See Toyota dealer for details and exclusions. Valid only in the continental U.S. and Alaska.

Disclaimer

Listed Incentives are available for registrations at Fernelius Toyota located in Cheboygan, MI. Information Provided by Toyota Motor Company: Information is Reliable but not guaranteed. Finance Offers (APR) are available to qualified buyers subject to Credit Approval, not all buyers will qualify.

Contact Dealer for any program details, rules or Incentive Questions