Toyota Incentives and Lease Deals for May 2021

Last Updated: May 07, 2021
Toyota Incentives May 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.

Incentives By Make

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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