Looks like customers have the option to choose between 0% APR and a $3500 rebate for the 2020 Supra. Do our resident Toyota dealers and brokers know if this rebate applies to leases as well?
Sure apply to lease if you don’t take the special rate. Special MF in my region is .0012
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MSD’s?
Could be interesting if you can buy for good discount.
Possibly. Its still better with US Bank
Did they finally stop selling them above sticker?
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That was unbelievable.
No one is really buying them, dealers are selling them for way under sticker (in California)
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Not a bad little car if you can get it for 11% off + $3500 incentive…but then do you lease or buy…
Definitely lease if it was at that price
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Amazing how hyped this car was and how quickly forgotten it went that now they are offering thousands in rebates. Too amusing and pathetic.
They were never going to be a mass market car. But now with the 2021 coming with another 50hp, it’s a hard sell with the 8months of inventory they are sitting on.
I’m currently debating the 2020 and 2021 and lease vs finance.
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Even with the hp boost, I suspect the 2021 won’t sell all that well either. It’s a shame as it’ll further discourage Toyota from investing in sports cars.
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Since the Supra has a BMW engine and many BMW parts, I would be worried about long term reliability, and would only lease it.
Are you saying you couldn’t offer this discount (11%) on a 2020?
9.2% is about a break even deal after holdback before incentives
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They will blow them out. 2021 got a huge bump in hp.
Did they really invest? Half ass. They missed the point why the original supra was popular. Who df cross ships these 2 brands?
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Alright I did some math on a lease vs buy for those who care…Assume premium 2020 supra, MSRP: $56,983; 2 years 10k miles and 3 years 10k miles; Assume a 9.2% off MSRP pre incentive price plus $3,500 rebate; not using the 0% financing; total sales price of $48,241 (not including TTL, dealers fee).
Lease (zero drive off)(acquistion, gov:$400, $198 dealer fee)(tax levied)
24/10k;MF: .0012, 66%rv: $698 per month; total cost: $16,011
36/10k: MF: .0012, 59%rv: $618 per month; total cost: $21,571
Buy ($198 dealer, MO tax est)
Cash purchase: $48,241 + $5,075 (TTL) + $198 = $53,514
24months, assume sell car for $37,608 - ($53,514) = total cost $15,905
36months, assume sell car for $33,619 - ($53,514) = total cost $19,894
Summary
It is roughly $106 cheaper to buy the car for 24 months then sell.
It is roughly $1,677 cheaper to buy the car for 36 months then sell.
Leasing wins here. Although $618 per month on a $56k car is not hack worthy. Also this is assuming a MF of .0012. Edmunds is stating its .00285 in most regions which makes the lease even worse.
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If you take the $3500 rebate, you don’t get the .0012 MF.
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Gross. There is absolutely no reason these cars shouldn’t have that .0012 as the base MF. .00285 is disgusting.
On a 36/10k it is better to have the lower MF vs $3500 rebate. $662 per month vs $710
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