Toyota Incentives and Lease Deals for July 2020
Toyota sales had been steady while incentives were cut back a bit. In July, Toyota is offering 90-day payment deferrals and they're still offering cash back rebates but their lease deals haven't improved much in recent months. We're still waiting to see if Toyota will be offering any special loyalty or bonus rebates related to the economic shutdown.
Of note for July, Toyota is offering up to $3,500 cash rebate on the 2020 Toyota Highlander. Overall, the average rebate across all models is $2,100.
When it comes to leases, the 2020 Toyota Tacoma and Tundra offer excellent value. The worst lease deals are on the 2021 Toyota Corolla, you'll want to stay away from those for the time being.
Here are the maximum customer cash-back rebates available nationwide along with the best lease deals. (Note: incentives can vary greatly by region; these figures may not be accurate in your local area. Always verify with your local dealers) Tip: Be sure to use TrueCar and RydeShopper (They both have good pre-negotiated prices)
Toyota Dealers With the Lowest Prices
Use the free TrueCar service to get highly discounted prices and lease offers from local Dealers.
Best Toyota Lease Deals for July 2020
| Vehicle | Monthly Payment / $0 Down | ||
|---|---|---|---|
| MSRP | Payment | Value | |
| 2019 Toyota Mirai Hydrogen | $59,609 | $466 | Excellent |
| 2020 Toyota Tacoma | $32,633 | $266 | Excellent |
| 2020 Toyota Tundra | $49,197 | $451 | Excellent |
| 2019 Toyota Highlander | $36,554 | $343 | Excellent |
| 2020 Toyota Prius Prime Plug-in Hybrid | $28,789 | $275 | Excellent |
| 2020 Toyota RAV4 | $28,829 | $305 | Good |
| 2020 Toyota C-HR | $23,322 | $246 | Good |
| 2020 Toyota Corolla | $23,129 | $245 | Good |
| 2020 Toyota C?HR | $23,322 | $246 | Good |
| 2020 Toyota 4Runner | $38,784 | $412 | Good |
| 2020 Toyota Highlander | $39,838 | $431 | Good |
| 2020 Toyota RAV4 Hybrid | $29,735 | $324 | Good |
| 2020 Toyota Highlander Hybrid | $41,238 | $450 | Good |
| 2020 Toyota Camry | $26,054 | $285 | Good |
| 2020 Toyota Camry Hybrid | $29,464 | $324 | Good |
| 2020 Toyota Corolla Hybrid | $24,055 | $267 | Good |
| 2020 Toyota Avalon Hybrid | $39,214 | $450 | Okay |
| 2020 Toyota GR Supra | $56,140 | $643 | Okay |
| 2020 Toyota Avalon | $38,014 | $441 | Okay |
| 2020 Toyota Prius Hybrid | $25,608 | $316 | Okay |
| 2020 Toyota Sienna | $35,819 | $460 | Poor |
| 2020 Toyota 86 | $28,735 | $382 | Poor |
| 2020 Toyota Yaris | $18,680 | $275 | Terrible |
| 2021 Toyota Corolla Hybrid | $24,355 | $373 | Terrible |
| 2021 Toyota Corolla | $21,230 | $333 | Terrible |
Best Toyota Rebates for July 2020
| Vehicle | Min Rebate | Max Rebate | 2019 Toyota Highlander | $2,000 | $3,000 | 2019 Toyota Mirai Hydrogen | $7,500 | $7,500 | 2020 Toyota 4Runner | $500 | $1,750 | 2020 Toyota 86 | $1,000 | $1,250 | 2020 Toyota Avalon | $2,500 | $2,500 | 2020 Toyota Avalon Hybrid | $2,500 | $2,500 | 2020 Toyota C-HR | $1,000 | $2,000 | 2020 Toyota Camry | $1,000 | $1,500 | 2020 Toyota Camry Hybrid | $1,000 | $1,500 | 2020 Toyota Corolla | $750 | $1,500 | 2020 Toyota Corolla Hybrid | $1,000 | $1,500 | 2020 Toyota C?HR | $1,000 | $2,000 | 2020 Toyota GR Supra | $3,500 | $3,500 | 2020 Toyota Highlander | $1,000 | $1,000 | 2020 Toyota Highlander Hybrid | $500 | $500 | 2020 Toyota Prius Hybrid | $1,000 | $1,000 | 2020 Toyota Prius Prime Plug-in Hybrid | $2,000 | $3,500 | 2020 Toyota RAV4 | $1,000 | $1,500 | 2020 Toyota RAV4 Hybrid | $1,000 | $1,000 | 2020 Toyota Sienna | $750 | $2,000 | 2020 Toyota Tacoma | $1,500 | $1,500 | 2020 Toyota Tundra | $2,000 | $3,000 | 2020 Toyota Yaris | $500 | $2,000 |
Toyota Dealers With the Lowest Prices
Use the free TrueCar service to get highly discounted prices and lease offers from local Dealers.
Other Car Incentives for July 2020
- Best Acura Deals
- Best Audi Deals
- Best BMW Deals
- Best Chrysler Deals
- Best Ford Deals
- Best GM Deals
- Best Honda Deals
- Best Hyundai Deals
- Best Infiniti Deals
- Best Jeep Deals
- Best Kia Deals
- Best Lexus Deals
- Best Mazda Deals
- Best Mercedes Benz Deals
- Best Nissan Deals
- Best Toyota Deals
- Best Volkswagen Deals
- Best Volvo Deals
My Recommendation for Car Shoppers
TrueCar and RydeShopper 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.- Gregg Fidan
Get My Free Weekly Advice on Car Buying
Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
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.
Latest Weekly Car Buying Tips
RSS Feed
July 9, 2020
July 2, 2020
June 25, 2020
June 18, 2020
June 11, 2020
June 4, 2020
May 28, 2020
May 21, 2020
May 14, 2020
May 7, 2020
April 30, 2020
April 23, 2020
April 16, 2020
April 9, 2020
April 2, 2020
March 26, 2020
March 19, 2020
March 12, 2020
March 5, 2020