Toyota Incentives and Lease Deals for May 2024
When it comes to leases, the 2024 Toyota Tundra and 4Runner offer Excellent value. The worst lease deals are on the 2024 Toyota GR Supra and 2024 GR86, you'll want to stay away from leasing these models.
Of note for May, Toyota is offering up to $2,000 in cash rebates on the 2024 Toyota Tundra i-FORCE MAX Hybrid and $2,000 on the 2023 Tundra i-FORCE MAX Hybrid. Overall, the average rebate across all Toyota models is currently $1,600.
As for financing deals, Toyota is offering 0% financing for 72 months on some models, including cash back up to $22,000.
Incentives can vary a lot by region. Always verify with your local dealers.
Ready to Negotiate the Best Toyota Deal?
The price/lease quote services I recommend are TrueCar and CarsDirect. They will get you best deal offers from local dealers, helping you gather bids easily (Use my car negotiation method to further reduce prices)
Toyota Lease Deals Summary
The Bang for Buck for Toyota leases has increased over the past year, up to 75 in March versus an average of 72 over the past year. A higher B4B value means you're getting more car for your money when leasing a Toyota now versus over the past year on average. Using the average MSRP of Toyota vehicles ($36,951), you would currently be saving $19 per month if you lease now versus over the past year on average, and saving $35 per month versus November, which was the worst month to lease.
Note: fluctuations you see in the chart when it comes to monthly payments is a combination of Bang for Buck values and changes in trim levels and MSRPs promoted in advertised lease deals (the trend is towards more expensive trims). There will not always be a perfect correlation between B4B and average monthly payments.
Best Current Toyota Lease Deals May 2024
| Vehicle | Monthly Payment / $0 Down | ||||
|---|---|---|---|---|---|
| MSRP | Payment | Value | Best Region | Deals | |
| Toyota bZ4X Electric 2023 XLE | $44,544 | $228 /mo | Excellent | Washington DC | |
| Toyota bZ4X Electric 2024 XLE | $45,345 | $257 /mo | Excellent | Washington DC | |
| Toyota RAV4 Prime Plug-in Hybrid 2024 SE PHV | $47,014 | $468 /mo | Excellent | New York | |
| Toyota Prius Prime Plug-in Hybrid 2024 SE PHV | $34,404 | $352 /mo | Excellent | New York | |
| Toyota Tundra 2024 SR5 | $55,693 | $566 /mo | Excellent | Los Angeles | |
| Toyota 4Runner 2024 SR5 | $48,345 | $498 /mo | Excellent | SF Bay | |
| Toyota Tundra i-FORCE MAX Hybrid 2024 Max LTD | $66,724 | $702 /mo | Excellent | Los Angeles | |
| Toyota Tacoma 2024 SR5 | $45,944 | $498 /mo | Excellent | Los Angeles | |
| Toyota Crown Hybrid 2024 XLE | $42,179 | $489 /mo | Good | Multiregion | |
| Toyota Camry 2024 LE | $27,814 | $325 /mo | Good | SF Bay | |
| Toyota Highlander 2024 LE | $40,873 | $488 /mo | Good | SF Bay | |
| Toyota RAV4 2024 LE | $31,734 | $392 /mo | Good | Chicago | |
| Toyota Sequoia 2024 SR5 | $69,268 | $878 /mo | OK | ||
| Toyota Sienna 2024 LE | $41,640 | $530 /mo | OK | ||
| Toyota RAV4 Hybrid 2024 LE | $33,075 | $421 /mo | OK | Southeast | |
| Toyota Grand Highlander 2024 XLE | $46,998 | $598 /mo | OK | ||
| Toyota Venza 2024 LE | $36,624 | $470 /mo | OK | SF Bay | |
| Toyota Highlander Hybrid 2024 LE | $42,365 | $551 /mo | OK | Southeast | |
| Toyota Corolla 2024 LE | $23,434 | $305 /mo | OK | Chicago | |
| Toyota Grand Highlander Hybrid 2024 XLE | $48,373 | $637 /mo | OK | ||
| Toyota Corolla Cross Hybrid 2024 CUV SE | $30,890 | $412 /mo | OK | Southeast | |
| Toyota Prius Hybrid 2024 LE | $30,444 | $413 /mo | OK | ||
| Toyota Sienna Hybrid 2024 LE | $39,490 | $537 /mo | OK | New York | |
| Toyota Corolla Cross 2024 XLE | $33,473 | $470 /mo | OK | Los Angeles | |
| Toyota Sequoia Hybrid 2024 SR5 | $69,688 | $985 /mo | OK | Pacific NW | |
| Toyota Camry Hybrid 2024 LE | $29,950 | $421 /mo | OK | Southeast | |
| Toyota Venza Hybrid 2024 LE | $36,929 | $527 /mo | OK | Boston | |
| Toyota Corolla Hybrid 2024 LE | $24,595 | $352 /mo | OK | Southeast | |
| Toyota Tundra 2023 SR5 | $53,803 | $768 /mo | OK | Washington DC | |
| Toyota Camry Hybrid 2025 SE | $32,437 | $470 /mo | Poor | Los Angeles | |
| Toyota Camry 2025 LE | $29,495 | $431 /mo | Poor | Southeast | |
| Toyota Tundra i-FORCE MAX Hybrid 2023 Max LTD | $66,307 | $1,003 /mo | Poor | Washington DC | |
| Toyota GR86 2024 Base | $30,773 | $470 /mo | Poor | Los Angeles | |
| Toyota GR Supra 2024 3.0 AT PRE | $60,840 | $945 /mo | Poor | New York | |
| Toyota Mirai Hydrogen 2024 Limited Motor Motor | $68,635 | $1,128 /mo | Poor | Los Angeles | |
Best Toyota Cash Rebates
| Vehicle | Best Region | Max Rebate | Deals |
|---|---|---|---|
| 2024 Toyota Tundra i-FORCE MAX Hybrid | Nationwide | $2,000 | |
| 2023 Toyota Tundra i-FORCE MAX Hybrid | Multiregion | $2,000 | |
| 2024 Toyota Tundra | Varies (Bonus Cash) | $1,500 | |
| 2023 Toyota Tundra | Multiregion | $1,000 |
Best Toyota Finance Deals
| Vehicle | 36 mo | 48 mo | 60 mo | 72 mo | Deals |
|---|---|---|---|---|---|
| 2025 Toyota Crown Hybrid | 3.99% | 4.75% | 4.75% | 5.75% | |
| 2025 Toyota Camry | 3.99% | 4.99% | 4.99% | 5.99% | |
| 2024 Toyota Tundra | 0% | 1.99%
+$1,000 |
3.99% | 4.99% | |
| 2024 Toyota Tundra i-FORCE MAX Hybrid | 0% | 1.99%
+$1,000 |
1.99%
+$1,000 |
3.99% | |
| 2024 Toyota RAV4 Hybrid | 2.99% | 4.75% | 4.75% | 5.75% | |
| 2024 Toyota RAV4 | 2.99% | 4.75% | 3.99% | 5.75% | |
| 2024 Toyota Mirai Hydrogen | - | - | - | 0%
+$22,000 |
|
| 2024 Toyota Highlander Hybrid | 4.99% | 5.75% | 5.75% | 6.75% | |
| 2024 Toyota Highlander | 3.99% | 4.75% | 3.99% | 5.75% | |
| 2024 Toyota Crown Hybrid | 2.99% | 3.75% | 2.99% | 4.75% | |
| 2024 Toyota Corolla Hybrid | 3.99% | 5.75% | 5.75% | 6.75% | |
| 2024 Toyota Corolla | 2.99% | 4.75% | 4.75% | 5.75% | |
| 2024 Toyota Camry Hybrid | 3.99% | 4.75% | 4.75% | 5.75% | |
| 2024 Toyota Camry | 2.99% | 4.75% | 3.99% | 5.75% | |
| 2024 Toyota bZ4X Electric | - | - | 0%
+$2,500 |
0%
+$2,500 |
|
| 2024 Toyota 4Runner | 4.99% | 4.99% | 4.99% | 5.99% | |
| 2023 Toyota Tundra | 0% | 1.99%
+$1,000 |
3.99%
+$500 |
4.99%
+$500 |
|
| 2023 Toyota Tundra i-FORCE MAX Hybrid | 0% | 0% | 2.99%
+$500 |
3.99%
+$500 |
|
| 2023 Toyota bZ4X Electric | - | - | - | 0%
+$2,500 |
Ready to Negotiate the Best Toyota Deal?
The price/lease quote services I recommend are TrueCar and CarsDirect. They will get you best deal offers from local dealers, helping you gather bids easily (Use my car negotiation method to further reduce prices)
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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
