The Toyota Corolla was Australia’s 16th best-selling vehicle in 2025 and one of the most traded used cars in the country. The new range starts with the Ascent Sport hybrid. New Corolla prices run from $32,110 to $40,800, and NIK Finance compares car loans across 130+ lenders to find the right one for you.
An estimate is fine. You can change it later.
| Toyota Corolla | |
|---|---|
| New price (2026 range) | $32,110 to $40,800 |
| Body types | Sedan, Hatchback |
| Entry and top variants | Ascent Sport Hybrid to Zr Two-Tone |
| 2025 new sales | 18,968 (16th in Australia) |
Prices are list prices from Carsguide, based on Glass’s pricing data. Drive-away prices are higher once on-road costs such as registration and stamp duty are added.
The amount you borrow sets your repayments, and on a Corolla it depends mostly on the variant and your deposit. These are the loan amounts before on-road costs, which some lenders let you include in the loan.
| Price point | No deposit | 10% deposit | 20% deposit |
|---|---|---|---|
| Entry price ($32,110) | $32,000 | $29,000 | $25,500 |
| Middle of the range ($36,500) | $36,500 | $33,000 | $29,000 |
| Top of the range ($40,800) | $41,000 | $36,500 | $32,500 |
The Corolla is one of the most traded cars on the used market, so many buyers are choosing between a new one and a few-years-old example. Lenders generally finance both, but they limit how old a car can be when the loan ends, so an older model can mean a shorter term. Private sales can be financed too, sometimes at a slightly higher rate than a dealer purchase, and the lender checks the car is free of existing finance before paying the seller.
See used car loans and new car loans.
Lenders finance used cars but limit how old a vehicle can be when the loan ends, so the model year affects the term you can get. Here is what earlier Corollas sell for, and how old each would be at the end of a 5- or 7-year loan.
| Model year | Used price range | Age at end of a 5-year loan | Age at end of a 7-year loan |
|---|---|---|---|
| 2023 | $23,320 to $40,700 | 8 years | 10 years |
| 2021 | $18,370 to $34,430 | 10 years | 12 years |
| 2018 | $12,760 to $29,920 | 13 years | 15 years |
Used prices are Glass’s pricing data via Carsguide and vary with kilometres, condition and variant. Read more about used car loans.
Set to the entry price of a new Corolla. Adjust the price, deposit, term, rate and balloon to see the repayments for the Corolla you want. Your actual rate depends on your credit profile and the lender.
$514.73 a month at 7.5% p.a.
Car loan rates range from under 6% to over 20% depending on your credit profile, and dealer finance is rarely the sharpest. Your Kreddi Score shows your approval odds and likely rate before you apply, so a decline never lands on your credit file.
Estimates use average lender assumptions and are not an offer of credit. Your actual position depends on which of our 130+ lenders assesses you.
A new Toyota Corolla is listed from $32,110 to $40,800 for the 2026 range. With a 10% deposit you would borrow about $29,000 for the entry variant or $36,500 for the top variant, before on-road costs. The repayment calculator on this page shows what that costs each month at the rate you enter.
Yes. A 2023 Toyota Corolla sells for about $23,320 to $40,700 used. Lenders also consider how old the car will be when the loan ends: a 2023 model would be 10 years old at the end of a 7-year loan, so an older Corolla may mean a shorter term.
Yes, but lenders limit how old a car can be when the loan ends, so an older Corolla may mean a shorter term and higher repayments. For a low-priced older car, a personal loan can sometimes be simpler.
Your licence type is not usually a barrier. Lenders need you to be 18 or over with income that covers the repayments. Insurance tends to cost more for younger drivers, so include it in your budget.
Answer a few quick questions to see how lenders will view you for a Corolla, then get a broker’s call back with real rates. No credit check.
Sources
Last reviewed 18 October 2026
NIK Finance Pty Ltd (ACN 685 393 917) is a Credit Representative (567387) of Finsure Finance & Insurance Pty Ltd (Australian Credit Licence 384704). This page is general information only and does not constitute financial advice. Consider your personal circumstances and speak with a licensed broker before applying for credit.