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2016 Toyota Corolla Prices: MSRP, Invoice Pricing, Holdback & "Real" Dealer Cost


2016 Toyota Corolla Prices: MSRP vs Invoice, w/ Holdback and Dealer Cost
Each Toyota Corolla price report below reveals the MSRP, invoice price, holdback, and what the dealer paid - the Dealer Cost for all Toyota models. They come complete with detailed pricing data for all their optional equipment. (Details of what these price terms mean are available below)
Terms used in the Price Guides:
MSRP, Invoice Price, Dealer Holdback, Real Dealer Cost

2016 Toyota Corolla Prices:

Click on a Trim below to find the price of available options.
2016 Corolla Sedan L w/ 132-hp, 4 cyl., I-4 1.8-liter (28/37 MPG)
MSRP
$17,300
Dealer Invoice
$16,349
Destination Fee
$835
Holdback
$346
Dealer Cost
$16,838
2016 Corolla Sedan LE w/ 132-hp, 4 cyl., I-4 1.8-liter (29/38 MPG)
MSRP
$18,735
Dealer Invoice
$17,347
Destination Fee
$835
Holdback
$375
Dealer Cost
$17,807
2016 Corolla Sedan LE ECO w/ 140-hp, 4 cyl., I-4 1.8-liter (30/42 MPG)
MSRP
$19,135
Dealer Invoice
$17,717
Destination Fee
$835
Holdback
$383
Dealer Cost
$18,169
2016 Corolla Sedan LE Plus w/ 132-hp, 4 cyl., I-4 1.8-liter (29/38 MPG)
MSRP
$19,135
Dealer Invoice
$17,717
Destination Fee
$835
Holdback
$383
Dealer Cost
$18,169
2016 Corolla Sedan S w/ 132-hp, 4 cyl., I-4 1.8-liter (29/37 MPG)
MSRP
$19,365
Dealer Invoice
$17,930
Destination Fee
$835
Holdback
$387
Dealer Cost
$18,378
2016 Corolla Sedan LE ECO Plus w/ 140-hp, 4 cyl., I-4 1.8-liter (30/40 MPG)
MSRP
$19,835
Dealer Invoice
$18,365
Destination Fee
$835
Holdback
$397
Dealer Cost
$18,803
2016 Corolla Sedan S Plus w/ 132-hp, 4 cyl., I-4 1.8-liter (29/37 MPG)
MSRP
$20,065
Dealer Invoice
$18,578
Destination Fee
$835
Holdback
$401
Dealer Cost
$19,012
2016 Corolla Sedan S w/Special Edition Pkg w/ 132-hp, 4 cyl., I-4 1.8-liter (29/37 MPG)
MSRP
$20,635
Dealer Invoice
$19,106
Destination Fee
$835
Holdback
$413
Dealer Cost
$19,528
2016 Corolla Sedan S Plus w/ 132-hp, 4 cyl., I-4 1.8-liter (28/37 MPG)
MSRP
$21,665
Dealer Invoice
$20,059
Destination Fee
$835
Holdback
$433
Dealer Cost
$20,461
2016 Corolla Sedan LE Premium w/ 132-hp, 4 cyl., I-4 1.8-liter (29/38 MPG)
MSRP
$22,195
Dealer Invoice
$20,550
Destination Fee
$835
Holdback
$444
Dealer Cost
$20,941
2016 Corolla Sedan LE ECO Premium w/ 140-hp, 4 cyl., I-4 1.8-liter (30/40 MPG)
MSRP
$22,895
Dealer Invoice
$21,199
Destination Fee
$835
Holdback
$458
Dealer Cost
$21,576
2016 Corolla Sedan S Premium w/ 132-hp, 4 cyl., I-4 1.8-liter (29/37 MPG)
MSRP
$23,125
Dealer Invoice
$21,413
Destination Fee
$835
Holdback
$463
Dealer Cost
$21,786

2016 Toyota Corolla Trims

Toyota's 2016 Corolla trim packages come with several of last year's features but some new ones as well. These are the latest options.

Toyota Corolla L - MSRP $17,300

The basic trim package includes 15" steel wheels and all-season tires. There is an AM/FM radio with a CD and MP3 player. Drivers stay comfortable with manual air conditioning and basic cloth seats. For additional features, the L package includes:

  • Stability and traction control.
  • Multiple front airbags and rear side-curtain airbags.
  • One USB port and Bluetooth capability.

Toyota Corolla LE - MSRP $18,735

This package's features include or improve those of the L package with some extras. With 16" wheels, there is a slight increase. The seat upholstery is premium grade, and the air conditioning is automatic instead of manual. The package includes these extras:

  • Remote keyless entry with multiple functions.
  • Heated interior and exterior mirrors.
  • Cruise control settings.
  • Steering wheel controls with voice recognition.
  • Rear safety camera with dash monitor.
  • Cup holders in rear armrest.

Toyota Corolla LE ECO - MSRP $19,135

This package includes all of the features of the LE package. However, it is designed to optimize fuel efficiency. These are its additional features:

  • Drive mode selector for drivetrain.
  • ECO drive option for added fuel efficiency.
  • Rear spoiler and aerodynamic wheels.

Toyota Corolla LE Plus - MSRP $19,135

From voice recognition and keyless entry to the in-dash rear safety camera, this package includes everything in the LE package. Its additional main features are exterior fog lamps and alloy wheels.

Toyota Corolla S - MSRP $19,365

The Corolla S trim package includes features from the LE package and a few extras. On the steering wheel, there are added controls for the monitor and paddle shifter. These are the extra features:

  • Leather steering wheel trim.
  • Drive mode selector.
  • Exterior chrome accents.
  • Rear spoiler and front fog lamps.
  • Mirrors with integrated turn signals.

Toyota Corolla LE ECO Plus - MSRP $19,835

This package includes all of the LE ECO package's features. There are also chrome window accents and alloy wheels. The package includes fog lamps as well.

Toyota Corolla S Plus - MSRP $20,065

The Corolla S Plus comes with several additional features beyond the S package. These are the added features:

  • Internet radio with Pandora, iHeartRadio and more.
  • Push-button engine start.
  • Rear disc brakes.
  • Navigation system with touch screen.
  • Power moonroof with tilt and sliding sunshade.

Toyota Corolla S Special Edition - MSRP $20,635

Toyota capped production of this model at 8,000 total units. The Special Edition package comes with all of the S package's features. However, there are a few exclusive differences, which include:

  • Special exterior color options with matching interior upholstery stitching.
  • Special edition carpeted floor mats.
  • Keyless remote with proximity detection.

Toyota Corolla LE Premium - MSRP $22,195

In this package, all of the LE Plus features are included. It includes these additional bonuses:

  • Proximity entry system.
  • Internet radio with Pandora and more.
  • Heated leatherette front seats with power adjustment.
  • Push-button engine start.
  • Navigation system with touch screen.
  • Power moonroof with tilt and sliding sunshade.

Toyota Corolla LE ECO Premium - MSRP $22,895

In addition to the LE Premium package's features, the ECO Premium includes an ECO drive mode on the selector. It also has a rear spoiler and aerodynamic wheels for added efficiency.

Toyota Corolla S Premium - MSRP $23,125

This package has several small upgrades from the S Plus option. Some major additions include:

  • Power-adjustable leatherette seats with heat settings.
  • Real-time traffic telematics.
  • Trip computer for commuting.
When ordering a Corolla, buyers can add extra options to a chosen package for an additional cost. There are customizable features, and each one is priced individually.
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