Toyota Offers 5 Year "Cash for Clunkers" Leases
Many people will be surprised to learn the "cash for clunkers" program applies to leasing as well as buying a new car.
The only requirement is the lease have a term of at least 5 years.
Toyota has 25 models that qualify for the program and they want to take advantage of the leasing option. They will now be offering 60-month leases on 5 of their most popular models:
- 2009 Toyota Corolla
- 2009 Toyota Camry
- 2009 Toyota Rav4
- 2009 Toyota Yaris
- 2009 Toyota Tacoma
The 60 month leases vary by region so they may not be offered where you reside.
If you're lucky enough to have the lease deals in your area, you can get a 2010 Corolla for $99 per month with $99 due at signing.
My Recommendation for Car ShoppersTrueCar No-Haggle, Edmunds Price Promise, and 1-800 Car Show are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
California Residents - Important:There is a new online car buying service called Roadster, available only to California residents, which I highly recommend you try - especially if you hate the stress of haggling with a car salesman. They provide an expert concierge who negotiates the price of the car and delivers it to your home with zero hassle - you never have to interact with a dealership. Here is my in-depth review of Roadster and why I recommend it.
- Gregg Fidan
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About: Gregg Fidan
Gregg Fidan + is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.
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