Learn about the Toyota Corolla compact car. See the engine specifications, gas mileage, price, and MSRP. Research Toyota L warranty features and Toyota Financial Services lending options.
Looking for a Toyota Corolla?
Find your perfect ride. Carvana has thousands of vehicles in their inventory. Your Corolla L may be waiting for you.
Home » Vehicles » 2018 Toyota Corolla L 4 Door Sedan 1.8L 4-Cylinder CVT
The products and offers that appear on the website are from respective partners, companies, and third-party advertisers from which we receive compensation. This compensation may impact how and where products appear on this site including the order in which they appear. This site does not include all financial products or companies or all available product offers. Learn more about our partners and how we make money.
Details About the 2018 Toyota Corolla sedan
The 2018 Toyota Corolla is manufactured under the Toyota automobile brand name. It is classified as a compact car and makes use of a sedan body. This 4 door sedan has front wheel drive with a continuously variable-speed automatic transmission. The Toyota Corolla is mainly imported from the country of Japan. The Toyota automobile line is a subsidiary auto brand held by Toyota Motor Corporation.
Thinking about changing vehicles?
Looking for a new car? Check out Toyota Corolla sedan listings. Carvana’s extensive inventory can help you find the vehicle that is right for you!
The Toyota Corolla can be found in numerous trim levels and featured packages including the 2018 Toyota Corolla L 4 Door Sedan (1.8L 4-Cylinder CVT). This variation of the Corolla sedan sports the L 4 door sedan with a 1.8L 4-cylinder CVT on the Toyota Corolla vehicle chassis. The Corolla L trim may feature vehicle enhancement packages depending upon the origin of the motor vehicle and the generation.
Toyota Corolla L Prices and MSRP
Are you excited to drive a 2018 Toyota Corolla L? The recommended MSRP is posted at $18,600 and related Kelly Blue Book market values are commonly lower. Used vehicle quotes are calculated using the year, make, model, and features. Toyota Corolla appraisals can increase outside of these price ranges as a result of contributing factors like increased demand, limited availability, and industry shortages. For example in 2021, automobile asking prices and equivalent car equity grew due to computer chip production shortages and supply chain restrictions. This situation resulted in tensions on the marketplace and older used asking prices overtaking the value highs formerly solely seen by brand-new car sales.
MSRP: $18,600
Trim & Style: L 4 door sedan with a 1.8L 4-cylinder CVT
Corolla L Performance Specs and Engine
The performance specs and capabilities of your vehicle’s engine matter a lot. For example, if you are pulling a load or recreational trailer with a truck. The operation specs and abilities of your engine towing package matters a lot. If you are taking your sports car out for a track day, your quarter mile time, brake horsepower, and engine can result in more bragging rights. On the other hand, if you are considering an economical sedan to use as a daily driver, you might not even care what is under the hood so long as it is efficient and the engine runs well.
Toyota Vehicle Manufacturer Specifications
The 2018 Toyota Corolla may come with a few various performance bundles and engine choices. This specific Toyota motor vehicle comes with the 1.8 gas engine with a front wheel drive drivetrain.
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
Fuel Usage and Gas Mileage (MPG)
Being aware of gas mileage and fuel usage are essential details when it relates to looking at a Toyota Corolla. Other than the purchase cost of the vehicle, the fuel expense is generally the next most pricey aspect when it concerns car ownership. The third most costly aspect is complying with the suggested service schedule and conducting preventive maintenance.
The U.S. Environmental Protection Agency or EPA offers estimations into gas mileage (MPG) and the amount of miles a car or truck can economically drive per a gallon of fuel required to operate on city streets and on the highway. MPG is dependent on Toyota Corolla engine type, efficiency, operation altitude, and other things like aftermarket adjustments, but it offers an excellent baseline for fuel use.
For the 2018 Toyota Corolla, the EPA has determined drivers will get about 28/36 MPG while operating the vehicle on city streets and while operating the vehicle on the highway. These values are different because city driving involves driving on local roads, stopping at stop lights, pausing at stop signs, waiting at crosswalks for pedestrians, and other things which call for the Toyota Corolla to stop and start more frequently. On the highway, the Toyota Corolla’s engine and fuel effectiveness can be extended, accomplishing a better MPG score.
Comparing Vehicle MPGs
Compare how your current vehicle compares to the fuel efficiency of the 2018 Toyota Corolla. Use the gas mileage comparison calculator to see how many more miles you might drive and expenses related to fuel. Can you save cash by driving this Toyota Corolla or will it cost you more?
Financing your 2018 Toyota Corolla sedan can be an excellent way to get into the vehicle of your dreams while paying it off over the course of a number of years by making regular monthly payments. Calculate the amount of money you will be required to to finance by finding the distinction between the cost of your new Toyota Corolla and the valuations of your deposit and any trade-in value or credit from your used vehicle. Remove these values from the new vehicle’s cost.
This will provide you with the total amount you will be required to finance your 2018 Toyota Corolla. Contact lending institutions to see quoted financing offers. These offers will be based on your credit ratings, customer profile, and credit history. It is excellent to compare financing rates from numerous loan providers (inspecting deals with 3-4 loan providers is excellent). Doubling inspecting the competing offers will assist you get the finest funding deal possible on your Toyota automobile.
To complete your Corolla financing, you need to do a few things consisting of having an approved credit score, meeting lender prerequisites, and meeting car financing requirements. Before you apply, try to have a credit score of over 600 (non-prime credit category) when trying to buy a newer car or truck. Credit scores in the 500s (subprime classification) might be acceptable for a little older used car or truck financing. Knowing your credit score is important because your rating can directly impact your presented interest rate throughout the new loan offering process.
Other lending institution requirements involve making a certain level of income each month and fulfilling residency requirements by living in a location the lender services for a specified period of time. In the non-prime credit classification of 601 to 660 ratings, loan providers might require a monthly income of $1,600 to $2,000. Subprime loan providers in the 501 to 600 credit scores generally have comparable requirements. Your vehicle needs to fulfill basic vehicle finance requirements like being more recent than 10 years old and having less than 100K miles with favorable vehicle equity.
Toyota Corolla Refinancing
Refinance your Toyota Corolla L sedan. Learn how you can save money by adjusting your current loan.
Find Toyota Corolla Insurance
Learn about insurance and see coverage options for your Toyota Corolla. Bundling your insurance can save you money.
Learn About Toyota Financial Services
Toyota Financial Services is Toyota’s in-house finance support services division. If you are thinking about purchasing a more recent vehicle from an auto brand dealer, they offer a few funding options. The incentives and deals can consist of lending offers like 0% APR for 60 months and 6.9% stand alone APR for 84 months (based upon the down payment). Toyota Financial Services can also provide leasing deals and benefits like 10,500 annual miles for 39 months with a set dollar amount due at finalization.
Calculate Funding for Your Corolla L
It is essential to be aware of how much you can manage to put towards your new 2018 Toyota Corolla. This is important not merely for automobile budgeting when keeping track of your individual expenses but also for comparing finance offers from various lenders. Checking loan rates and terms with a finance calculator is one of the easiest methods to quickly see your approximated motor vehicle payment.
How Much is the Car Payment to Buy a Toyota Corolla L?
Ever wonder how much money it would cost to sign a vehicle loan on a 2018 Toyota Corolla? Here is an approximate cost you can use to kick off your research! The most accurate answer to your automobile payment estimate question depends on several factors. The month-to-month car payment on a Toyota Corolla L is calculated by using the following things: your deposit, auto loan lending rates, loan term, credit score, trade in-value, and various things. Things like the sales tax on the Corolla L also need to be factored in. Because the manufacturer’s suggested retail price or MSRP is $18,600, a typical vehicle payment for a new Corolla might be roughly $269.60.
This can be approximated by using the MSRP minus a 10% down payment with a car loan interest rate of 5% over a term of 48 months. Keep in mind it does not take into account important information like sales tax. Simply use this information for your research. Keep in mind this amount is what it could cost if you purchased the 2018 Toyota Corolla “brand-new” based on the MSRP. With older motor vehicles, there is a considerable chance the monthly motor vehicle payment will be considerably different. You can check additional price quotes using different numbers using a calculator.
Estimated Monthly Payment
$269.60
Involved Payment Factors
MSRP: $18,600 Down Payment: 10% (estimated payment) Loan Interest Rate: 5% (average rate) Car Loan Term: 72 months (varies by offer)
Note: This estimated payment does not include other factors and costs like sales tax which would normally be included in actual payment estimate.
2018 Toyota Corolla Refinancing
Refinancing your Toyota Corolla is also an option to consider after you have already made several of your preliminary month-to-month auto payments. The original loan providers you originally funded through typically have incentives and deals which end or are front-weighted. For example, special offers like cash back kickbacks and 0% APR financing discount rates might start losing their effectiveness or benefit after 6 to 12 automobile payments.
Carefully review the terms and conditions of your finance paperwork to better understand when refinancing is a good choice to consider. Refinancing permits you to reset your car financial debt with a different loan provider successfully improving your current loan’s term and APR. If your economic circumstance has changed from the time that you secured financing for your Toyota Corolla or if your original rate and term are no longer helpful to you, consider refinancing. You can usually save cash on your month-to-month vehicle payments by refinancing your car loan.
Toyota Corolla Car Insurance Coverage
Maintaining valid auto insurance coverage insurance for your Toyota Corolla is vital. Picking the best coverage for you will most likely help pay for costs and damages related to vehicle crashes and collisions, auto theft, and other damage to your SUV, car, or truck. Not only will it assist you in fixing the damage from an automobile collision or hitting an object, but retaining current insurance is commonly a legal requirement to drive on public roadways in a lot of states and counties in the U.S. The very best car insurance plans and associated coverage are comprehensive collision coverage which helps you repair damage to your Toyota sedan and cover non accident-related damage from many things like inclement weather conditions, storms, wildland fires, vandalism, and animal impacts on top of motor vehicle collisions. Insurance coverage can additionally help you repair the 1.8L engine in your sedan along with other mechanical parts. The amount you pay for the insurance coverage can range and is often based upon the manufacture year of your motor vehicle. If you drive the 2018 L, this will be factored into your regular monthly insurance payments. Learn more about insurance coverage and protect your Toyota Corolla L 4 door sedan with a 1.8L 4-cylinder CVT.
Where to Buy Toyota Corolla L
Looking for the right car can be difficult. There are a great deal of things to think of when it comes time to purchase a motor vehicle. For instance, you must find the best make and model vehicle that fits your needs as well as maintaining a motor vehicle payment that suits your financial budget. There are a great deal of choices in the market for locating and buying used and new automobile stock, so it could be hard to understand where to begin your motor vehicle purchasing journey. Carvana is among the very best companies to start looking for a motor vehicle. Their large inventory, lending choices, and trade-in policies can allow you to easily replace the car you have currently for a different one you prefer to drive. Discover how to buy an automobile using Carvana.
When it comes to getting the best care for your brand-new motor vehicle, we frequently think about branded factory manufacturer’s warranties. These factory manufacturer’s warranties provide traditional coverages like a restricted 3 year or 36,000 mile bumper-to-bumper service warranty and a 5 year duration or 60,000 mile powertrain warranty. These annual durations start from the initial date of sale by the original car or truck’s owner.
Supplemental manufacturer automobile service contracts are usually offered based on the engine type. As an example, new automobiles with diesel engines can come with a factory 5 year long or 100,000 mile powertrain service warranty. Hybrid vehicles and electrically powered vehicles (EVs) can additionally have unique protection like a 8 year or 100,000 mile warranty.
There are also extended vehicle service plans (VSPs), Certified pre-owned (CPO) guarantees, and extra warranty coverage choices available outside of the manufacturers original factory programs. VSPs offer routine maintenance service plans with additional coverage for parts in the event your automobile deals with an explosive mechanical breakdown or failure. These are great alternatives to look at when buying a used vehicle.
CPO extended warranties usually add coverage for additional years limited by constraints like 2 years or 80,000 miles on the automobile. Cars, trucks, and SUVs that come with CPO statuses receive a strenuous pre-owned examination by certified brand specialists which adds additional warranty years. CPO vehicles usually cost more than comparable used automobiles but can be worth it for having the assurance that the car you are purchasing is mechanically safe.
Other protection alternatives consist of pre-paid vehicle upkeep programs from vehicle dealers. These plans fix the components, services, and labor that become part of the recommended producer’s upkeep schedule. You will find these service checks and associated mileages posted in the vehicle owner’s manual.
Info Regarding Corolla Warranty Details
Factory Warranty: A factory warranty is what you probably think about when it comes to the basic idea of an “auto warranty”. These sorts of manufacturer’s warranties frequently are included when buying brand-new trucks, SUVs, or cars and are one of the easiest and most affordable methods to safeguard your automobile– warranty wise since the new motor vehicle might cost more than a used one leading to you spending more money. The factory warranty is similar to a manufacturer’s warranty and provides an assurance from the car manufacturer that they will fix any problems. Under the guarantee coverage, the auto producer will repair any damaged areas and/or replace any damaged parts caused by manufacturing defects, materials, and faulty workmanship with no charge to you as the motor vehicle owner. The warranty makes sure the motor vehicle will be brought back to initial operating shape.
Drivetrain Warranty: A drivetrain service warranty covers the parts, components, and systems which move or “drive” the automobile forward. A drivetrain warranty is also another term for a powertrain warranty and may cover comparable components depending on the automaker’s definitions and service warranty terms.
Roadside Warranty: A roadside warranty can help you when you are stranded or breakdown when traveling. This service warranty for the Toyota Corolla L includes standard support services such as towing, blowout fixing or replacement, dead battery assistance and jumpstarts, lockout help, fluid and fuel transport and delivery, and other related services. A roadside service warranty is similar to roadside assistance, however it is incorporated into the warranty with the new vehicle from the car manufacturer and not an add-on product through insurance policies or a vehicle service contract or VSC.
Rust & Corrosion Warranty: A rust and corrosion warranty can help protect the frame and body of the automobile. Automakers include this warranty with brand-new vehicles to help repair damage due to caustic liquids, substances, and materials. While automobile bodies are created from materials which have corrosion-resistance like aluminum, magnesium, carbon fiber, and plastic, the body panels can still rust. For instance, substantial quantities of roadway deicers like salt or sodium chloride, calcium chloride, magnesium chloride, and related elements and substances can induce a vehicle’s body to rust. Other harsh liquids like bleach and acid, can cause deterioration if sprayed on a car’s body panels.
Toyota Corolla Factory Warranty Coverage
Factory Warranty: 3 years / 36,000 miles
Drive Train Warranty: 5 years / 60,000 miles
Roadside Warranty: 2 years / unlimited miles
Rust & Corrosion Warranty: 5 years / unlimited miles
Data comes from dealer network APIs but is not endorsed or certified by any dealer.
Toyota Corolla L Factory Options
In order to attract a larger variety of consumers who are interested in the 2018 Toyota Corolla L, different trim levels are provided. Lots of automobile makers provide various options for their vehicles. This includes Toyota Motor Corporation who makes the Corolla model. These alternatives can incorporate factors like assorted paint colors, wheel sizes, or bundles that include features like a sunroof or entertainment system. Providing these alternatives enables suppliers to develop interest in different types of buyers and helps them to sell larger volumes of automobiles.
These choices allow customers to choose a car which satisfies their needs and can include different functions that they might want in their vehicle. Some automobile producers might provide things like a variety of different engines, trim lines, and performance or sport packages to select from, while others might provide different exterior color options or interior trim levels or colors. The alternatives that are offered will vary across automakers, makes, and models, so do your research when you are searching for a car with particular traits like heated seats or 3rd occupant seating.
By putting in the time to research the different options that are available, you, as the customer, can make sure that you are buying specifically what you want in your new car. This sedan by Corolla comes set up from the vehicle manufacturer with a number of standard trims and options. They consist of options like the front independent suspension, front and rear stabilizer bar,4-way manual passenger seat adjustment, 6-way manual driver seat adjustments, bucket front seats, cloth, height adjustable driver seat,split-folding rear seatback,1 one-touch power windows, power door locks, heated mirrors,clock, external temperature display, tachometer, trip computer,adaptive cruise control, electric power steering, front and rear cupholders, front and rear door pockets, overhead console with storage, rear view camera, tilt and telescopic steering wheel, audio and cruise controls on steering wheel,interior air filtration, simulated alloy steering wheel, air conditioning, dual vanity mirrors,6 total speakers, USB connection, auxiliary audio input and USB with external media control, AM/FM stereo,rear defogger, intermittent wipers,full wheel covers, inside mounted spare tire, steel wheels, temporary spare tire, 15 x 6.0 inch wheels, all season tires, P195/65R15 tires,2 front headrests, 3 rear headrests, LED headlamp, child seat anchors, daytime running lights, dual front side-mounted airbags, engine immobilizer, front and rear head airbags, lane departure warning accident avoidance system, pre-collision safety system, stability control, tire pressure monitoring, traction control, 4-wheel ABS, emergency braking assist, passenger airbag occupant sensing deactivation, rear center 3-point belt, rear door child safety locks, rear integrated headrests, ventilated front disc/rear drum brakes, first aid kit, emergency assistance kit,Protection Package, Body Protection Package,Door Edge Guards, Paint Protection Film, Body Side Moldings, Mudguards, Rear Bumper Protector,Door Sill Protectors, Cargo Tote, Cargo Net-Envelope, Coin Holder/Ashtray Cup, Universal Tablet Holder, Four Season Floors Liners/Mat Package, Illuminated Door Sills, Carpet Mat Package, All Weather Floor Liner Package,TRD Air Filter, TRD Performance Exhaust, and other standard vehicle features.
Toyota Corolla Common Questions
Have concerns about the Toyota Corolla L? Find answers to commonly asked FAQs. It is crucial to know what you are getting into with your vehicle purchase and research the specific details. Check out the car specifications and be aware of how the monthly car payment on your motor vehicle can impact your finances. These FAQs can help you start to understand the capabilities of the vehicle along with miles per gallon, weight, horsepower, and engine capabilities.
What is a Toyota Corolla L?
The Toyota Corolla is a vehicle line produced by Toyota Motor Corporation. The L is a specific package of the Toyota Corolla lineup. The vehicle is categorized as a compact car.
How much does a Toyota Corolla L cost?
The Toyota Corolla L costs around $18,600.
What is the car payment to buy a Toyota Corolla L?
The monthly car payment on a Toyota Corolla L depends on your down payment, car loan interest rate, term, credit score, trade in-value, and other factors. Things like sales tax on the Corolla L also need to be considered. Since the MSRP is $18,600, the average car payment for a new Corolla could be around $269.60. This can be estimated by using the MSRP minus a 10% down payment with a auto loan interest rate of 5% over a term of 48 months. Keep in mind these factors will vary depending on your qualifying loan rates and lending offers. You can check additional estimates with varying numbers by using a car payment calculator.
Can I lease a Toyota Corolla L?
You may be able to lease a Toyota Corolla L through an auto loan lender or financial institution.
Can I refinance my Toyota Corolla L?
You may be able to refinance your Toyota Corolla L depending on your credit score and financial situation. To learn more about lenders who offer vehicle refinancing and car loans, check out the best auto refinance companies.
Where can I buy a Toyota Corolla L?
Try searching car dealers like Carvana for a Toyota Corolla L. They often have good deals on recent vehicles and may also have a similar Toyota Corolla in their inventory.
How far does the Toyota Corolla L go on a single tank of gas?
The Toyota Corolla L can usually travel around 369.6/475.2 miles miles on a full tank of gas. This range is dependent on driving conditions, vehicle maintenance, and other roadway factors.
Does the Toyota Corolla have good gas mileage?
Toyota Corolla gets an EPA estimated 28/36 MPG miles per gallon (MPG) on the city/highway roads. The combined MPG is 32 MPG. Understanding if this is a good gas mileage depends on what you are comparing the vehicle to. You can use our Gas Mileage Comparison calculator to see MPG estimates between vehicles with different MPG ratings along with destinations.
What kind of gas mileage does the Toyota Corolla get?
The Toyota Corolla gets 28/36 MPG (city/highway) MPG per the Environmental Protection Agency or EPA. The combined MPG rating is 32.
What type of gas does a Toyota Corolla use?
The Toyota Corolla uses the regular unleaded fuel type.
How much gas does the Toyota Corolla gas tank hold?
The gas tank in the Toyota Corolla holds 13.2 gallons of gas.
What type of vehicle is the Toyota Corolla L?
The Toyota Corolla with the L package is a compact car.
What is the towing capacity of a Toyota Corolla?
The Toyota Corolla has a towing capacity of pounds.
How much horsepower does a Toyota Corolla have?
The Toyota Corolla has a horsepower rating of 132HP.
What kind of engine does a Toyota Corolla L have?
The Toyota Corolla L comes with a 1.8L 4-cylinder CVT automatic engine.
What type of drivetrain does a Toyota Corolla L have?
The Toyota Corolla L features a front wheel drive drivetrain.
What kind of transmission does a Toyota Corolla come with?
The Toyota Corolla L comes with a continuously variable-speed automatic transmission.
Where is the Toyota Corolla made?
The Toyota Corolla L is made in the Japan by Toyota Motor Corporation.
Is the Toyota Corolla domestic or imported?
The Toyota Corolla is a imported vehicle.
What car company makes the Toyota Corolla L?
The Toyota Motor Corporation is the auto manufacturer which produces the Toyota Corolla L.
How much does a Toyota Corolla weigh?
The Toyota Corolla L has a gross vehicle weight of pounds and a curb weight of 2,840 pounds. Learn more about how a vehicle is weighed.
What kind of warranty does the Toyota Corolla come with?
The Toyota Corolla L can come with a few warranties from the manufacturer including a 5 years / 60,000 miles drivetrain warranty, a 2 years / unlimited miles roadside warranty, a 5 years / unlimited miles anti-rust warranty, and a maintenance program.
