Toyota Offering Tundra Deals Before 2022 Redesign

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

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, Senior Pricing Analyst - November 16, 2021

With a redesigned Tundra just around the corner, Toyota is offering rare deals on the outgoing truck. We looked at dealer incentive bulletins from nearly a dozen regions and found the best deals can involve financing rates as low as 0% APR. However, there are some drawbacks worth knowing about before Black Friday.

Toyota's best 2021 Tundra deals are centered in the Southeast with 0% APR for 36 months. However, we consider that to largely be a teaser rate since choosing a 48- or 60-month loan results in a higher rate of 2.9%. In most parts of the country, Toyota is offering 2.9% APR financing on Tundra loans of up to 72 months.

That's not great but could present an opportunity considering the Tundra has lacked any form of incentive for months. While it's common to see a big selldown of outgoing models before a redesign, the situation with the Tundra is different. That's because a chip shortage has decimated inventory at dealers nationwide.

Rather than offering huge rebates, a closer look finds that Toyota is continuing to hold off on offering any price cuts whatsoever on 2021 Tundras. Leases offer no advantage as well. As a result, the best deals on the Tundra are limited to buyers looking to finance ahead of the launch of the redesigned 2022 Tundra truck.

Although we are seeing an unadvertised $0-down lease deal on the Tundra SR5 starting at $433 for 36 months in the Southeast, we think the odds of getting that price could be close to impossible. After all, dealers set actual prices and we already know that the Tundra can be extremely hard to find in stock at this point.

The best Black Friday deals on trucks offer low-interest financing for up to 72 months and deferred payments for up to 120 days. While the Tundra doesn't offer anywhere near the level of savings as competitors, now could end up being your best chance to score a deal if you can manage to find one still in stock.

While the all-new Tundra will boast an array of enhancements and a first-ever hybrid called the i-Force Max, its starting price is over $1,800 more expensive than the truck it replaces. As we reported earlier this month, due in part to differences in packaging, 2022 Tundra prices will start $6,300 higher than the Ford F-150.

Best Black Friday Truck Deals

, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analyses of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured by The Wall Street Journal, Fox Business, Motor Trend, Automobile Magazine, and more.

Follow On: Twitter

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