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Thanks for the replies. The "standard' vs. "optional" features do indeed account for some of the difference. This is compounded by the fact that some 'optional' features of the Corolla LE are in fact 'standard' (i.e. there are no dealers in my area that sell the Corolla LE w/out cruise control and power windows even though those are 'options').

However, at the end of the day I still got the LE for $500-600 less than the invoice of the Honda LX. Whether that makes it worth it, I will leave it for others to decide.

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