Model 3 vs Corolla

Compare two new cars by price, estimated monthly payment, fuel economy, and other specifications. Data comes from the CarPayCheck.com catalog and uses your selected financing terms.

Tesla Model 3
Tesla

Model 3

Price from $38,630
Monthly payment $449
More details
Toyota Corolla
Toyota

Corolla

Price from $23,125
Monthly payment $269
More details

Specifications

  Model 3 Corolla
Manufacturer Tesla Toyota
Starting price $38,630 $23,125
Monthly payment $449 $269
Fuel type Electricity Hybrid
Fuel economy 26.4 kWh/100 mi 47.5 mpg
CO₂ emissions 175 g/mi–394 g/mi
Annual maintenance cost

About this comparison

Tesla Model 3 and Toyota Corolla suit different driving needs. The main differences below cover price, monthly payment, fuel economy, and running costs.

Model 3 starts at $38,630; Corolla starts at $23,125. The difference is $15,505, making Corolla about 40% cheaper before financing.

Estimated monthly payment: Model 3 — $449; Corolla — $269. The difference is $180 per month, with Corolla lower.

The models use different powertrains: Model 3 — Electricity; Corolla — Hybrid. The better choice depends on your daily route and access to charging.

The final choice is about more than numbers: annual distance, city or highway use, and the space your household needs all matter. Use the CarPayCheck.com calculator to apply your financing terms and evaluate both cars in your situation.

Want to compare other models? Return to the full catalog or calculate financing using your own terms.