Toyota Incentives and Lease Deals for May 2021
Last Updated: May 07, 2021
Toyota sales had been steady while incentives were cut back a bit. In May, 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.
When it comes to leases, the 2021 Toyota Prius Prime Hybrid and Tacoma offer Excellent value. The worst lease deals are on the 2021 Toyota GR Supra and 2021 Avalon, you'll want to stay away from leasing these models.
Of note for May, Toyota is offering up to $6,000 in cash rebates on the 2021 Toyota Prius Prime Plug-in Hybrid and $4,500 on the 2021 Avalon Hybrid. Overall, the average rebate across all Toyota models is currently $2,000.
As for low APR deals, Toyota is offering 0% financing for 72 months, plus up to $20,000 cash back on the 2021 Toyota Prius Prime Plug-in Hybrid and 2021 Mirai Hydrogen.
Incentives can vary a lot by region. Always verify with your local dealers - I recommend using TrueCar and RydeShopper to quickly get local pricing and incentives.
Best Toyota Deals
TrueCar is the best overall service to quickly get pre-negotiated price quotes and lease offers from local Toyota dealers.
Best Toyota Lease Deals
Lease Deals based on $0 Down Payment. 36 month, 12,000 miles/year. Expires Jun 01, 2021
| Vehicle | Monthly Payment / $0 Down | ||||
|---|---|---|---|---|---|
| MSRP | Payment | Value | Best Region | Deals | |
| 2021 Toyota Prius Prime Hybrid | $29,474 | $217 /mo | Excellent | New York | Local Deals |
| 2021 Toyota Tacoma | $33,938 | $275 /mo | Excellent | Detroit | Local Deals |
| 2021 Toyota Venza | $34,014 | $293 /mo | Excellent | SF Bay | Local Deals |
| 2021 Toyota Mirai Hydrogen | $67,169 | $584 /mo | Excellent | Los Angeles | Local Deals |
| 2021 Toyota Corolla Hybrid | $24,844 | $217 /mo | Excellent | New York | Local Deals |
| 2021 Toyota Highlander | $40,203 | $373 /mo | Excellent | New York | Local Deals |
| 2021 Toyota Highlander Hybrid | $41,628 | $392 /mo | Excellent | New York | Local Deals |
| 2021 Toyota Camry Hybrid | $28,524 | $275 /mo | Excellent | New York | Local Deals |
| 2021 Toyota Corolla | $21,719 | $217 /mo | Excellent | New York | Local Deals |
| 2021 Toyota Sienna | $38,004 | $392 /mo | Good | New York | Local Deals |
| 2021 Toyota Sienna Hybrid | $36,004 | $373 /mo | Good | New York | Local Deals |
| 2021 Toyota RAV4 | $27,594 | $285 /mo | Good | Detroit | Local Deals |
| 2021 Toyota Prius Prime Plug-in Hybrid | $29,474 | $306 /mo | Good | SF Bay | Local Deals |
| 2021 Toyota C-HR | $23,254 | $246 /mo | Good | New York | Local Deals |
| 2021 Toyota Camry | $26,224 | $275 /mo | Good | New York | Local Deals |
| 2021 Toyota RAV4 Prime Plug-in Hybrid | $41,209 | $432 /mo | Good | Pacific NW | Local Deals |
| 2021 Toyota 4Runner | $39,667 | $441 /mo | Good | Detroit | Local Deals |
| 2021 Toyota Venza Hybrid | $33,590 | $381 /mo | OK | Southeast | Local Deals |
| 2021 Toyota Prius Hybrid | $28,299 | $324 /mo | OK | New York | Local Deals |
| 2021 Toyota Land Cruiser | $87,348 | $1,021 /mo | OK | Detroit | Local Deals |
| 2021 Toyota Tundra | $38,414 | $450 /mo | OK | SF Bay | Local Deals |
| 2021 Toyota RAV4 Hybrid | $30,524 | $363 /mo | OK | Detroit | Local Deals |
| 2021 Toyota Avalon Hybrid | $39,254 | $488 /mo | OK | New York | Local Deals |
| 2021 Toyota Avalon | $38,903 | $488 /mo | OK | New York | Local Deals |
| 2021 Toyota GR Supra | $56,680 | $721 /mo | Poor | New York | Local Deals |
Best Toyota Cash Rebates
| Vehicle | Best Region | Max Rebate |
|---|---|---|
| 2021 Toyota Prius Prime Plug-in Hybrid | Boston | $6,000 |
| 2021 Toyota Avalon Hybrid | Pacific NW | $4,500 |
| 2021 Toyota Avalon | Pacific NW | $4,000 |
| 2021 Toyota Venza | Detroit | $2,250 |
| 2021 Toyota Prius Hybrid | Multiregion | $2,000 |
| 2021 Toyota Corolla Hybrid | Multiregion | $2,000 |
| 2021 Toyota Corolla | SF Bay | $2,000 |
| 2021 Toyota Camry Hybrid | Washington DC | $1,750 |
| 2021 Toyota Camry | Multiregion | $1,250 |
| 2021 Toyota C-HR | Multiregion | $1,250 |
| 2021 Toyota Tacoma | Multiregion | $1,000 |
| 2021 Toyota Sienna | Detroit | $1,000 |
| 2021 Toyota RAV4 | Chicago | $1,000 |
| 2021 Toyota Highlander Hybrid | Detroit | $1,000 |
| 2021 Toyota Highlander | Chicago | $1,000 |
| 2021 Toyota GR Supra | Multiregion | $750 |
| 2021 Toyota Tundra | Varies (Bonus Cash) | $500 |
Best Toyota Finance Deals
| Vehicle | 36 mo | 48 mo | 60 mo | 72 mo |
|---|---|---|---|---|
| 2021 Toyota Venza | 0.9% | 0.9% | 0.9% | 1.9% |
| 2021 Toyota Tacoma | 2.9% | 0% | 2.9% | 3.9% |
| 2021 Toyota Sienna | 2.9% | 0.9% | 2.9%
+$500 |
3.9% |
| 2021 Toyota RAV4 | 0% | 2.9% | 2.9% | 3.9% |
| 2021 Toyota Prius Hybrid | 0%
+$500 |
0%
+$500 |
0%
+$500 |
1.9%
+$500 |
| 2021 Toyota Prius Prime Plug-in Hybrid | 0%
+$500 |
0%
+$500 |
0%
+$1,500 |
0%
+$500 |
| 2021 Toyota Mirai Hydrogen | 0%
+$20,000 |
0%
+$20,000 |
0%
+$20,000 |
0%
+$20,000 |
| 2021 Toyota Highlander Hybrid | 0% | 2.9% | 2.9% | 3.9% |
| 2021 Toyota Highlander | 0% | 2.9% | 2.9% | 3.9% |
| 2021 Toyota GR Supra | 2.9% | 2.9% | 2.9% | 3.9% |
| 2021 Toyota Corolla Hybrid | 0% | 0% | 0% | 0.9% |
| 2021 Toyota Corolla | 0% | 0.9% | 0% | 1.9% |
| 2021 Toyota Corolla | 0% | 0.9% | 0% | 1.9% |
| 2021 Toyota Camry Hybrid | 0% | 1.9% | 0.9%
+$500 |
1.9%
+$500 |
| 2021 Toyota Camry | 0% | 1.9% | 1.9% | 2.9% |
| 2021 Toyota C-HR | 0% | 1.9% | 1.9% | 2.9% |
| 2021 Toyota Avalon Hybrid | 0%
+$1,000 |
0%
+$1,000 |
0%
+$1,000 |
0.9% |
| 2021 Toyota Avalon | 0%
+$1,000 |
0%
+$1,000 |
0%
+$1,000 |
1.9% |
Best Toyota Deals
TrueCar is the best overall service to quickly get pre-negotiated price quotes and lease offers from local Toyota dealers.
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My Recommendation for Car Shoppers
TrueCar No-Haggle, CarsDirect, and Ryde Shopper 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
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