Toyota Incentives and Lease Deals for December 2023
Toyota does not currently offer any cash back rebates, but when it comes to leases, the 2024 Toyota Tundra and 2023 Tundra offer Excellent value. The worst lease deals are on the 2023 Toyota Camry Hybrid and 2023 Tundra i-FORCE MAX Hybrid, you'll want to stay away from leasing these models.
As for low APR deals, Toyota is offering 0% financing for 72 months, plus up to $22,000 cash back on the 2023 Toyota Mirai Hydrogen.
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
Looking at the data for Toyota lease deals over the past year, we can note that the "Bang for Buck" value, which indicates the value of the lease deal by dividing the MSRP by the Monthly Payment, has remained fairly consistent. The range for Toyota leases over the last 12 months is between 70 and 74, with an average of 72.
The current lease deals, with a B4B of 70, are on the lower end of the range, so take that into account when considering leasing - as deals may get better in the next few months (albeit slightly).
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. There will not always be a perfect correlation between B4B and average monthly payments due to changes in MSRPs.
Best Current Toyota Lease Deals December 2023
| Vehicle | Monthly Payment / $0 Down | ||||
|---|---|---|---|---|---|
| MSRP | Payment | Value | Best Region | Deals | |
| Toyota bZ4X Electric 2023 XLE Electric 1SPEED | $46,624 | $450 /mo | Excellent | New York | |
| Toyota Tundra 2024 SR5 10AT Special Edition (TB ) | $55,062 | $535 /mo | Excellent | Texas | |
| Toyota Tundra 2023 SR5 | $46,265 | $511 /mo | Excellent | Southeast | |
| Toyota Prius Prime Plug-in Hybrid 2023 SE -F | $34,103 | $393 /mo | Good | Los Angeles | |
| Toyota 4Runner 2023 TRD OFF PR | $48,034 | $556 /mo | Good | SF Bay | |
| Toyota Tacoma 2023 DBL CAB SR5 | $36,315 | $421 /mo | Good | Southeast | |
| Toyota Highlander Hybrid 2023 LE | $41,955 | $511 /mo | Good | Southeast | |
| Toyota Highlander 2023 LE | $40,355 | $491 /mo | Good | Southeast | |
| Toyota Camry 2024 LE | $27,814 | $355 /mo | OK | SF Bay | |
| Toyota Tundra i-FORCE MAX Hybrid 2024 Max LTD 10AT | $65,704 | $857 /mo | OK | New York | |
| Toyota Corolla Cross Hybrid 2023 CUV SE | $30,625 | $402 /mo | OK | Southeast | |
| Toyota RAV4 Prime Plug-in Hybrid 2023 SE | $46,414 | $614 /mo | OK | New York | |
| Toyota Venza 2023 | $35,955 | $471 /mo | OK | Southeast | |
| Toyota Sienna Hybrid 2024 LE | $42,085 | $559 /mo | OK | Los Angeles | |
| Toyota Corolla Cross 2023 LE 2.0L | $27,275 | $362 /mo | OK | Southeast | |
| Toyota Crown Hybrid 2024 XLE -F | $41,245 | $561 /mo | OK | Southeast | |
| Toyota Grand Highlander 2024 XLE | $46,423 | $624 /mo | OK | SF Bay | |
| Toyota Grand Highlander Hybrid 2024 4DR WGN XLE | $46,005 | $621 /mo | OK | Southeast | |
| Toyota Crown Hybrid 2023 XLE -F | $41,045 | $551 /mo | OK | Southeast | |
| Toyota Corolla Hybrid 2023 LE | $24,145 | $332 /mo | OK | Southeast | |
| Toyota Sequoia Hybrid 2024 SR5 10AT | $68,330 | $945 /mo | OK | New York | |
| Toyota RAV4 Hybrid 2023 LE | $32,560 | $451 /mo | OK | Southeast | |
| Toyota RAV4 2023 LE | $29,610 | $411 /mo | OK | Southeast | |
| Toyota Camry Hybrid 2024 LE | $29,950 | $421 /mo | OK | Southeast | |
| Toyota Corolla 2023 | $22,795 | $322 /mo | OK | Southeast | |
| Toyota 4Runner 2024 SR5 | $42,194 | $607 /mo | OK | Los Angeles | |
| Toyota Prius Hybrid 2024 L | $28,745 | $412 /mo | OK | Southeast | |
| Toyota RAV4 2024 LE | $29,810 | $431 /mo | Poor | Southeast | |
| Toyota Corolla Hybrid 2024 LE -F | $24,395 | $352 /mo | Poor | Southeast | |
| Toyota Sienna Hybrid 2023 LE | $40,839 | $595 /mo | Poor | New York | |
| Toyota Venza Hybrid 2023 LE | $36,324 | $527 /mo | Poor | New York | |
| Toyota RAV4 Hybrid 2024 LE | $32,810 | $481 /mo | Poor | Southeast | |
| Toyota Corolla 2024 LE | $22,995 | $339 /mo | Poor | SF Bay | |
| Toyota Prius Hybrid 2023 LE -F | $30,359 | $449 /mo | Poor | New York | |
| Toyota GR Supra 2024 RZ | $61,479 | $935 /mo | Poor | New York | |
| Toyota Mirai Hydrogen 2023 XLE | $52,005 | $828 /mo | Poor | Los Angeles | |
| Toyota Tundra i-FORCE MAX Hybrid 2023 Max Capstone 10AT | $79,674 | $1,278 /mo | Poor | Pacific NW | |
| Toyota Camry Hybrid 2023 SE | $32,808 | $588 /mo | Terrible | Los Angeles | |
Best Toyota Finance Deals
| Vehicle | 36 mo | 48 mo | 60 mo | 72 mo | Deals |
|---|---|---|---|---|---|
| 2023 Toyota Tacoma | - | - | 2.99% | 3.49% | |
| 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%
+$22,000 |
|
| 2023 Toyota Highlander Hybrid | 2.9% | 4.99% | 5.99% | 6.49% | |
| 2023 Toyota Highlander | 2.9% | 3.99%
+$1,000 |
4.99%
+$1,000 |
5.49%
+$1,000 |
|
| 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% | |
| 2023 Toyota bZ4X Electric | 1.99%
+$2,500 |
1.99%
+$2,500 |
1.99%
+$2,500 |
1.99%
+$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
