Best Toyota Deals & Lease Offers In August

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Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

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, Automotive Analyst - August 6, 2020

Toyota's deals don't see much change for August. Popular models can be extremely good values when leasing. For example, the 2020 Toyota Camry LE starts at $229/month and has an effective monthly cost of $285. It is one of the cheapest midsize car leases this month and is only $30 more than the smaller and cheaper 2020 Corolla LE.

If you prefer to finance, promotional rates continue to be as low as 0% for 60 months. In the case of the 2020 Avalon, shoppers have the choice between the low financing offer or $2,500 in rebates.

Offers from Toyota vary by region and expire August 31, 2020. Examples listed below are for Southern California unless noted otherwise.

Top Toyota Lease Deals & Incentives

Model Best Lease Deal Best Finance Offer Best Cashback Incentive
Toyota Corolla
Toyota Corolla
Lease from $199/month (2020 Corolla) 0% APR for 60 months (2020 Corolla) Up to $1,500 (2020 Corolla)
Toyota Camry
Lease from $229/month (2020 Camry) 0% APR for 60 months (2020 Camry) Up to $1,000 (2020 Camry)
Toyota RAV4
Toyota RAV4
Lease from $299/month (2020 RAV4) 1.9% APR for 60 months (2020 RAV4) Up to $1,500 (2020 RAV4)
Toyota Highlander
Toyota Highlander
Lease from $399/month (2020 Highlander) 1.9% APR for 60 months (2020 Highlander) Up to $1,000 (2020 Highlander)
Toyota Tacoma
Estimated from $324/month (2020 Tacoma) 1.9% APR for 60 months (2020 Tacoma) Up to $1,000 (2020 Tacoma)

Explore the full Toyota lineup »

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Insider Tips for Toyota Shoppers

Toyota tends to offer a nice range of incentives for buying & leasing. Expect to see the best deals on sedans like the Corolla, especially when it comes to leasing. In contrast, SUVs like the RAV4 tend to sell well without big incentives. In contrast, competitors like the Chevy Equinox often tout over $5,000 in discounts.

Like a handful of other mainstream brands, Toyota doesn't allow its dealers to advertise prices below invoice. As a result, you may need to reach out to your local dealer to be presented with the lowest possible price. In some cases, you may find that working with a larger dealer translates to the best savings.

Toyota cars that often prove hard to find include the Yaris, Prius, and Avalon due to lower demand. In addition, while the brand continues to offer an impressive range of hybrids with lower prices than in past years, vehicles with a gas engine remain the easiest to find at dealers.

Toyota is one of the few brands that continues to offer free maintenance. Every model includes 2 years of ToyotaCare, which includes both routine maintenance and roadside assistance. Looking to extend that for an additional length of time? Check with your dealer about adding coverage.

Recent college grads should be sure to ask about the Toyota College Grad Rebate. It features a $750 bonus that can be combined with most other offers, although you'll have to finance or lease your vehicle in order to get it. Higher-demand pickups like the Tacoma are eligible for this incentive, too.

Finally, the Toyota Certified Pre-Owned Program offers the added value of a warranty on factory-certified cars & trucks, as well as access to special rates we sometimes highlight in our monthly coverage of the best CPO offers. As the saying goes, good new cars often translate to good used cars.

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, Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

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