The 2023 Toyota GR Corolla will start at $36,995 when it goes on sale later this year, according to Car and Driver. That price gets you the entry level Core model, which packs a 300-horsepower turbocharged inline three cylinder, all-wheel drive, and six-speed manual transmission. Stepping up to the Circuit Edition, which adds bigger brakes and a Torsen limited-slip diffs on each axle, will set you back $43,995. The halo GR Corolla, the Morizo Edition, will be $50,995, if you can get one of the 200 examples Toyota will build. 

The Morizo Edition has the Torsen differentials and bigger brakes, but eliminates the back seat and adds Michelin Pilot Sport Cup 2 tires, strut braces, and few extra torques. If you’re on a budget but want the LSDs, there’s an $1,180 performance package which will add them. That brings the Core Edition to $38,175 including destination charges. 

For reference, that is six grand cheaper than a 2023 VW Golf R, and should be right in line with the new Honda Civic Type R, though pricing for the two-wheel drive Honda hasn’t been announced.

With pricing now out in the open, first drives of the hot hatch can’t be too far behind, so the automotive press will finally get on-road impressions of the little beast. The last time we can remember being this excited for a hot compact car was back when the original Dodge Neon SRT-4 launched in 2003. It promised similar lunacy and delivered. We expect the same from the GR Corolla.