The 2026 Toyota Corolla Is Your Cheapest Lease Option This December

Lowest-Cost Corolla Lease

Toyota has started a fresh leasing promotion for the 2026 Corolla as winter draws near, presenting the small sedan as a budget-friendly vehicle just in time for holiday consumers.

For 39 months, the base gas-powered Corolla LE trim can be rented for $219 per month with $2,999 due upon signing. Under the same contractual conditions, for people considering the hybrid version, the LE Hybrid starts at $249 per month.

2026 Toyota Corolla

These deals comprise a mileage allowance of 10,000 miles a year, with extra miles charged at $0.15 each mile. Notably, the lease quotes omit taxes, licensing, registration, or costs. 

The promotional terms expire on January 5, 2026. For purchasers considering a straight purchase, the starting Manufacturer’s Suggested Retail Price (MSRP) for the 2026 Corolla LE $22,725; the Hybrid LE starts at $24,575; the fully loaded Hybrid XLE peaks around $28,940.

Coupled with a constantly variable transmission (CVT), the basic 2026 Corolla LE runs a 2.0-liter four-cylinder engine producing 169 horsepower and 151 lb-ft of torque beneath the hood. Its fuel efficiency is rated at about 32 mpg city, 41 mpg highway, and 35 mpg combined.

With either front-wheel drive (FWD) or optional all-wheel drive (AWD), the hybrid version can achieve fuel efficiency ratings of roughly 50 mpg combined (53/46/50 mpg city/highway/combined for FWD; 51/44/48 mpg for AWD). 

The Hybrid LE produces 138 horsepower from a 1.8-liter four-cylinder engine mated with an electric motor. The 2026 Corolla includes LED headlights and taillights, a seven-inch digital gauge cluster, fabric upholstery, automatic temperature control, an eight-inch touchscreen infotainment system, six-speaker sound, radar-based cruise control, lane-departure alert, and a pre-collision safety system, even at the basic LE level. 

The value-oriented sedan, the 2026 Toyota Corolla, offers more than just a normal ride with December’s lease incentives. 

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Chris Haining is an experienced auto journalist and editor at AdvisorWheels. Here he comes with the latest news, in-depth reviews, and insights into the cultures of cars and motorcycles. He holds a degree in Transport Design from Coventry University and has over 10 years of practical experience in sales, service, and warranty of automobiles, which provides him with a balanced approach to his writing.