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Toyota Offers 5 Year "Cash for Clunkers" Leases

July 30, 2009

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.

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 The Author

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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