Toyota Cash Back Incentives & Rebates
This month’s cash back specials range from $750 to $2,500 on many of Toyota’s lineup. Most of the same deals are available until March 31st. Deals are mainly extended from the previous month with a few improvements. The 2021 Highlander SUV has $1,500 cash back deal while the 2021 Avalon luxury sedan has a $2,000 special. New 2021 models like the Highlander Hybrid ($1,500) and RAV4 Hybrid ($750) come with cash back specials for this month.
| Year | Make | Model | Cash Incentives (up to) | Expiration |
|---|---|---|---|---|
| 2020 | Toyota | 86 | $2,000 | 3/31/2021 |
| 2021 | Toyota | Avalon | $2,000 | 3/31/2021 |
| 2021 | Toyota | Avalon Hybrid | $2,500 | 3/31/2021 |
| 2020 | Toyota | C-HR | $2,000 | 3/31/2021 |
| 2021 | Toyota | C-HR | $1,250 | 3/31/2021 |
| 2021 | Toyota | Camry | $1,250 | 3/31/2021 |
| 2021 | Toyota | Camry Hybrid | $1,750 | 3/31/2021 |
| 2021 | Toyota | Corolla | $1,500 | 3/31/2021 |
| 2021 | Toyota | Corolla Hybrid | $2,000 | 3/31/2021 |
| 2021 | Toyota | Corolla Hatchback | $1,500 | 3/31/2021 |
| 2021 | Toyota | Highlander | $1,500 | 3/31/2021 |
| 2021 | Toyota | Highlander Hybrid | $1,500 | 3/31/2021 |
| 2021 | Toyota | 4Runner | $500 | 3/31/2021 |
| 2021 | Toyota | Prius | $1,500 | 3/31/2021 |
| 2021 | Toyota | RAV4 | $1,250 | 3/31/2021 |
| 2021 | Toyota | RAV4 Hybrid | $750 | 3/31/2021 |
| 2021 | Toyota | Sienna | $1,500 | 3/31/2021 |
| 2021 | Toyota | Tacoma | $1,000 | 3/31/2021 |
| 2021 | Toyota | Tundra | $1,000 | 3/31/2021 |
| 2021 | Toyota | GR Supra | $1,500 | 3/31/2021 |
| 2021 | Toyota | Venza | $1,000 | 3/31/2021 |
Toyota Financing Deals
Again, most of the same finance deals are extended for another month. A majority of APRs are at 1.9% or 0.0%. Prospective Toyota buyers can get 0 % APR for 60 months on the 2021 Avalon, Avalon Hybrid, and Corolla. Higher rates of 1.9% APR are available for the 2021 Highlander, RAV4, and Sienna.
| Year | Make | Model | Best Avail. APR | Length | Cash Bonus | Expiration |
|---|---|---|---|---|---|---|
| 2021 | Toyota | Avalon | 0.00% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Avalon Hybrid | 0.00% | 60 months | 3/31/2021 | |
| 2021 | Toyota | C-HR | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Camry | 0.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Camry Hybrid | 0.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Corolla | 0.00% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Corolla Hybrid | 0.00% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Corolla Hatchback | 0.00% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Highlander | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Highlander Hybrid | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Prius | 0.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | RAV4 | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | RAV4 Hybrid | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Sienna | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Tacoma | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Tundra | 2.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | GR Supra | 1.90% | 60 months | 3/31/2021 | |
| 2021 | Toyota | Venza | 1.90% | 60 months | 3/31/2021 |
Toyota Lease Deals
There are many lease specials available for Toyota’s 2020 and 2021 models until the end of the month. Most with down payments around $3,000 and with terms lasting for 30-39 months. The 2021 Highlander Hybrid has a deal for $309 per month with $3,999 due at signing. The 2021 Camry is an affordable option with $239 per month for 36 months with $2,999 due at signing. Most of the deals are the same as last month with monthly payments increased by a small margin.
| Year | Make | Model | Lease Offers | Expiration |
|---|---|---|---|---|
| 2021 | Toyota | C-HR | $189/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Camry | $239/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Camry Hybrid | $239/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Corolla | $139/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Corolla Hybrid | $139/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Corolla Hatchback | $139/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Highlander | $309/month for 36 months, $3,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Highlander Hybrid | $309/month for 36 months, $3,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Prius | $249/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | RAV4 | $239/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | RAV4 Hybrid | $239/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Sienna | $319/month for 36 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Tacoma | $199/month for 39 months, $2,999 due at signing | 3/31/2021 |
| 2021 | Toyota | Venza | $259/month for 36 months, $2,999 due at signing | 3/31/2021 |
Toyota New Graduate Deals
Recent college graduates from a four-year or two-year college, nursing school, trade, technical, and junior college are eligible to save up to $500 on a purchase or lease of a new Toyota. You must be able to show proof of employment that starts within 120 days of the contract.
| Manufacturer | Program Name | Special Offers & Discounts | Eligibility & Requirements | Expiration |
|---|---|---|---|---|
| Toyota | Toyota College Grad Program | $500 off purchase/lease | Graduated in past 2 years or next 6 months, Full-time employment or commitment | 3/31/21 |
Check out the college student discounts from all car manufacturers.
Toyota Military Deals
Active members, reservists, retirees, and veterans (within 2 years of discharge) have until 1/4/22 to get up $500 in cash back savings on the purchase or lease of a new Toyota.
| Manufacturer | Program Name | Special Offers & Discounts | Eligibility & Requirements | Expiration |
|---|---|---|---|---|
| Toyota | Toyota Military Rebate | $500 off purchase/lease | Active Duty, Reservists, Retirees, Veterans (within 2 years) | 1/4/22 |
Check out the military discounts from all car manufacturers.
Toyota Fleet Program Discounts
Small to medium sized business with a minimum number of 10 vehicles in their fleet can get specialized support and save up to $2,500 off each vehicle through Toyota Fleet.
| Manufacturer | Program Name | Special Offers & Discounts | Eligibility & Requirements |
|---|---|---|---|
| Toyota | Toyota Fleet | Up to $2,500 off each vehicle | Minimum of 10 vehicles |
Check out the fleet program discounts from all car manufacturers.
Toyota Mobility Program Discounts
The Toyota Mobility Program will reimburse customers up to $1,000 and applications must be submitted within 90 days of equipment install.
| Manufacturer | Program Name | Reimbursement | Eligibility | Install Equipment Within | Apply Within |
|---|---|---|---|---|---|
| Toyota | Toyota Mobility | $1,000 | New vehicle | 1 year of purchase/lease | 90 days of install |
Check out the car mobility discounts from all car manufacturers.
Frequently Asked Questions
How Much Is It to Lease a New Toyota?
You can lease a new Toyota around $200-$300 month. You can currently lease a 2021 Toyota Camry for $229 per month for 36 months with $2,999 due at signing. Or you can lease a 2021 Toyota Rav4 for $239 per month for 36 months with $2,999 due at signing. New deals come and go every month and terms may vary so check out all the latest Toyota lease deals here.
Can I Negotiate a New Toyota Lease?
Yes, you can negotiate a lease with a Toyota dealership. However, it’s a little more complicated that negotiating the purchase price of car. When negotiating a Toyota lease, you can negotiate the total cost of the car (capitalized cost) as well as the money factor (interest rate), mileage limits, and the lease acquisition fee.
How Much Does Toyota Charge for Extra Miles on a Lease?
Mileage charges may vary but the typical fee from Toyota is 15 cents a mile if you go over the preset mileage limit specified in your lease agreement.
Can I Transfer a New Toyota Lease?
You can usually transfer a Toyota lease to someone else. However, Toyota Financial Services will not let you transfer during the first 60 days or the last 6 months of the lease.
Is It Worth Buying Out a New Toyota Lease?
There are lots of factors to consider when contemplating a lease buyout. Are you over or under your mileage allowance? Is there a lease buyout fee? Every situation is a little different and there’s no easy answer. But do remember that you can sometimes negotiate a reduced buyout price with Toyota.
What Are the Best Toyota Lease Deals Near me?
Toyota publishes monthly cashback, financing, and lease specials. But to get the best deal, get prices from several local Toyota dealers. When you introduce competition, dealers will lower their price to win your business. You can often negotiate local deals well below published incentives.
Is It Better to Buy or Lease a New Toyota?
As a rule of thumb, it’s almost always better financially to buy a car rather than lease one, and Toyota is no exception. The exception is if you frequently get new cars and don’t plan to keep one more than a couple years. It’s also easier to negotiate the purchase price of car versus leasing terms. Learn more about how to decide whether to buy or lease a car .
