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Toyota Incentives and Lease Deals for February 2023

Last Updated: Feb 06, 2023
Toyota Incentives February 2023

When it comes to leases, the 2023 Toyota Tundra and Tacoma offer Excellent value. The worst lease deals are on the 2022 Toyota Prius Hybrid and 2023 Corolla, you'll want to stay away from leasing these models.

Of note for February, Toyota is offering up to $1,000 in cash rebates on the 2023 Toyota Tundra and $1,000 on the 2023 Tacoma. Overall, the average rebate across all Toyota models is currently $1,000.

As for low APR deals, Toyota is offering 0% financing for 72 months, plus up to $17,000 cash back on the 2023 Toyota Mirai Hydrogen and 2022 Mirai Hydrogen.

Incentives can vary a lot by region. Always verify with your local dealers - I recommend using TrueCar 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.

Toyota Lease Deals Summary

Toyota vehicles had average lease payments of $424 per month (with $0 down payment) over the last year. The average 'Bang for Buck' was 75.

The current lease payment on Toyota vehicles averages $439 per month, which is 3% more expensive than the one year average, and 13% more expensive than the year ago low of $390

Toyota Lease Deals 1 Year Chart

Best Current Toyota Lease Deals February 2023

Lease Deals based on $0 Down Payment. 36 month, 12,000 miles/year. Expires Feb 28, 2023
Vehicle Monthly Payment / $0 Down
MSRP Payment Value Best Region Deals
Toyota Tundra 2023 $45,680 $501 /mo Excellent Southeast
Toyota Tacoma 2023 $40,323 $456 /mo Good Los Angeles
Toyota Venza Hybrid 2023 $35,304 $433 /mo Good New York
Toyota Highlander Hybrid 2023 $41,435 $511 /mo Good Southeast
Toyota RAV4 Prime Plug-in Hybrid 2023 $45,340 $569 /mo Good New York
Toyota Highlander 2023 $40,035 $501 /mo Good Southeast
Toyota 4Runner 2023 $42,552 $530 /mo Good New York
Toyota Corolla Cross 2023 $26,605 $352 /mo OK Southeast
Toyota Venza 2023 $34,105 $451 /mo OK Southeast
Toyota Sienna Hybrid 2023 $36,600 $491 /mo OK Southeast
Toyota RAV4 Hybrid 2023 $32,614 $443 /mo OK New York
Toyota RAV4 2023 $30,619 $413 /mo OK New York
Toyota Camry Hybrid 2023 $29,090 $391 /mo OK Southeast
Toyota Prius Prime Plug-in Hybrid 2022 $30,249 $410 /mo OK New York
Toyota Corolla Hybrid 2023 $23,810 $332 /mo OK Southeast
Toyota Camry 2023 $27,579 $381 /mo OK Southeast
Toyota Corolla 2023 $22,560 $322 /mo OK Southeast
Toyota bZ4X Electric 2023 $44,029 $646 /mo Poor Multiregion
Toyota Prius Hybrid 2022 $29,233 $468 /mo Poor New York

Best Toyota Cash Rebates

Vehicle Best Region Max Rebate Deals
2023 Toyota Tundra Washington DC $1,000
2023 Toyota Tacoma Los Angeles $1,000
2023 Toyota 4Runner Washington DC $1,000

Best Toyota Finance Deals

Vehicle 36 mo 48 mo 60 mo 72 mo Deals
2023 Toyota Tacoma - 0%
+$500
4.29%
+$500
4.99%
+$500
2023 Toyota Sienna 2.9% - - -
2023 Toyota RAV4 Hybrid 2.9% 4.99% 5.99% 6.49%
2023 Toyota RAV4 2.9% 3.99% 4.99% 5.49%
2023 Toyota Mirai Hydrogen - - - 0%
+$17,000
2023 Toyota Highlander Hybrid 2.9% 4.99% 5.99% 6.49%
2023 Toyota Highlander 2.9% 3.99% 4.99% 5.49%
2023 Toyota Corolla Hybrid 2.9% 4.99% 5.99% 6.49%
2023 Toyota Corolla 2.9% 3.99% 4.99% 5.49%
2023 Toyota Corolla Cross 2.9% - - -
2023 Toyota Camry Hybrid 4.99% 2.75% 5.99% 6.49%
2023 Toyota Camry 3.99% 2.75% 4.99% 5.49%
2022 Toyota RAV4 Hybrid - 4.99% 5.99% 6.49%
2022 Toyota RAV4 - 3.99% 4.99% 5.49%
2022 Toyota Mirai Hydrogen - - - 0%
+$17,000
2022 Toyota Highlander Hybrid - 4.99% 5.99% 6.49%
2022 Toyota Highlander - 3.99% 4.99% 5.49%
2022 Toyota Corolla Hybrid - 4.99% 5.99% 6.49%
2022 Toyota Corolla - 3.99% 4.99% 5.49%
2022 Toyota Camry Hybrid - 4.99% 5.99% 6.49%
2022 Toyota Camry - 3.99% 4.99% 5.49%

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

3 Steps Every Car Buyer Needs to Take to Save Maximum Money

The key to getting the best deal is to gather price or lease bids from as many local dealers as possible. Then shop that best price around until no one can beat it. Here are the steps:

Step 1 Get Prices From My Trusted Network

Select the vehicle you're interested in to see if there are local dealers in my network who will provide you with their best upfront price. You will get direct access to an internet sales manager who you can further negotiate with online (no need to visit dealership).
Select Vehicle to Get Local Pricing

Step 2 Get Prices From TrueCar / CarsDirect

TrueCar, and CarsDirect are my top 2 online price quote recommendations. These services show you pre-negotiated prices from dealers closest to you - and the deals are usually pretty decent. But remember, you can still negotiate further.

Step 3 Complete my Checklist

Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...


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