The 2020 Toyota Prius Prime becomes a full five-seater for the first time, while still offering plug-in hybrid versatility and a larger battery pack than the standard Prius.
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The 2020 Toyota Prius Prime is in showrooms now. Other than a new center seat in the rear and the same trim levels as the standard Prius, the 2020 Prius Prime is a carryover vehicle.
Toyota Prius Prime buyers may be eligible for up to a $4,502 IRS tax credit, and shoppers in California can apply for a $1,500 to $3,500 Clean Vehicle Rebate. The California DMV also offers a green sticker for single-occupant use of carpool lane. These are all on top of the deals from Toyota.
The 2020 Prius Prime gets a big lease payment cut, but it will still be a hard sell.
Toyota's offers are regional and expire on November 4, 2019. All deals mentioned here assume a Southern California location unless otherwise noted.
Cash rebate remains:
The 2020 Toyota Prius Prime continues with a $1,500 rebate in October. This pales in comparison to the $3,500 rebate the 2019 Prius Prime had before selling out, but it is a nice starting point.
Members of the military may be eligible for a $500 discount for taking out a loan through Toyota Financial. Unfortunately, Toyota's college grad rebate excludes the Prius Prime.
Finance from 3.9%:
The 2020 Prius Prime is available with 3.9% APR for 60 months or 5.35% for 72 months. You cannot combine these low APR offers with the cash rebate.
Lease from $339/mo.:
Northern California shoppers can get a 36-month promotional lease offer on the 2020 Toyota Prius Prime LE that runs $339 per month ($20 reduction) with $2,499 due at signing.
Despite the big payment cut, its $408 effective monthly cost ($20 reduction) is still a terrible value relative to its MSRP.
This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.
Prices vary by style
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