2021 Prius is here:
The carryover 2020 Toyota Prius is in showrooms now and gains a few new promotional offer, like an enhanced cash rebate. We expect no new offers by Labor Day.
The 2021 Prius, which is also a carryover model, is arriving now, and it has a few offers. None of the 2021 model's offers are as attractive as the 2020 Prius' deals.
The Prius has been a slow seller for a variety of reasons, but one culprit has been its outrageously expensive promotional lease that ranked as one of the worst values for a hybrid.
Toyota's deals are regional and expire on September 30, 2020. All deals mentioned here are for Southern California.
Cash incentive remains:
The 2020 Toyota Prius continues with a cash incentive worth up to $1,750 off ($750 increase). The 2021 Prius also has a cash incentive, but it's worth only $500.
This cash incentives aren't stackable with the low APR offers below.
Expecting to graduate soon? Be sure to ask about the Toyota College Graduate Finance Program. When financing through Toyota, new grads are eligible for a $750 rebate.
APR deals enhanced:
The 2020 Prius has two new low APR deals, including 0% APR offer for up to 60 months and 1.9% APR offer for 72 months. The latter replaces last month's 2.9% APR for 72 months.
The 2021 Prius gains its first APR offers this month: 1.9% for 60 months or 2.9% for 72 months.
Buyers cannot combine these APR deals with the cash incentives above, but they are eligible for the 90-day payment deferral.
Lease from $249/mo.:
The 2020 Toyota Prius continues with the same promotional lease offer: a 36-month lease on the L Eco trim that runs $249 per month with $1,999 due at signing. With an effective monthly cost of $305, this is a good value relative to its MSRP.
The Prius has been plagued by poor lease offers, so now's the time to lease a 2020 Prius.
The 2021 Prius has no promotional lease offers, but you can nab a 36-month lease at the retail rate, which would run $364 per month with $3,014 due at signing. With an effective monthly cost of $48, this is a terrible value relative to its MSRP.
The Prius' promotional leases allows up to 12,000 miles per year.