Best Toyota Deals & Lease Offers: May 2018

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

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, Senior Pricing Analyst - May 3, 2018

Toyota has hiked financing and lease rates in May. 60-month loan rates on the 2018 Corolla, Camry and RAV4 have all gone up to 1.9% APR (versus 0.9% the month before). The old rate is still available, but the term is now 48 months.

Most vehicles are also more expensive to lease. Both the Corolla and Camry are up by $10/month, and the Corolla LE is no longer one of the cheapest cars to lease. In the case of the RAV4, prices have gone up by $20/month.

If you're looking for a bargain, consider a 2018 Avalon. Rebates are worth up to $5,000, making it more affordable in some cases than a similarly-equipped Camry.

Used car shoppers should be aware that Toyota is offering rates as low as 1.9% APR for 60 months in some regions on factory-certified Camrys.

Offers from Toyota vary by region and expire June 4, 2018. Examples listed here are for Southern California unless noted otherwise. Stay tuned for our Memorial Day deal coverage in the coming weeks.

Toyota Incentives & Lease Deals This Month

Model Best Lease Deal Best Finance Offer Best Cashback Incentive Details
Toyota Corolla
Toyota Corolla
Lease from $179/month Finance from 0.9%/48 months Up to $1,500 Learn More »
Toyota RAV4
Toyota RAV4
Lease from $219/month Finance from 0.9%/48 months Up to $750 Learn More »
Toyota Camry
Lease from $209/month (San Francisco) Finance from 0.9%/48 mos $750 College Grad Rebate Learn More »
Toyota Highlander
Toyota Highlander
Lease from $259/month (New York) Finance from 3.9%/60 mos $750 College Grad Rebate Learn More »
Toyota Tacoma
Toyota Tacoma
Lease from $299/month Finance from 1.9%/60 months $750 College Grad Rebate Learn More »

See the full Toyota lineup »

Tips on Toyota Financing, Lease Specials and Rebate Offers

You can generally rely on solid deals from Toyota— especially when it comes to purchasing and financing. The Japanese automaker has been delving further into zero percent financing for 72 months across more of its lineup.

When you get to the dealer, expect to find a healthy selection of models like the Camry, Corolla and RAV4. However, shoppers should be aware that models like the Tacoma tend to be extremely rare and see very little (if any) discounting.

Considering an older model in stock? Incentives tend to peak just before a model sells out. However, Toyota tends to cancel its lease deals first. So if you see a stellar lease, we recommend snagging it while you can.

And don't forget— every Toyota offers 2 years of complimentary ToyotaCare which includes free routine maintenance and roadside assistance. Fewer automakers have been offering this type of perk when buying a new car.

Finally, 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.

, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website