I’m aware that a Toyota BZ4X has $16,500 in lease cash in the northeast and $16,250 in California. Is there a 36 month lease that is below $300 a month after the lease cash? I saw an advertisement for $279 a month. I am in Oklahoma and would like to purchase in person on the East or west coast. California is a little trickier because delivery would need to be at the state line. My goal would be to pay the buyout and own the vehicle, but not sure if there is a scenario that would be beneficial.
Was this a national offer or a dealer offer? Either way, I am sure this monthly does not include fees, such as acquisition fee, dealer fee, tax, license, and registration.
Some dealers don’t sell to out of state customers. Why would you want to travel all the way to the East Coast?
Incentives might be based on your zip code and not the location of the dealer. I will let someone confirm that.
Why would you want to do that? There is a reason Toyota is offering that much lease cash. If you want to drive one of these, leasing is the way to go. Will you have access to a Level 2 charger or a fast charger near you?
Any monthly is possible, but I suspect it’s this one OP saw.
Also, your phrasing is confusing as you’re asking about a lease monthly amount while also discussing purchasing. Which is it?
You’d be better off leasing an ionic five and then buying it out as it has $15,000 in leash lease cash and is a much superior electric vehicle
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I don’t understand the number either way is why I’m asking.
It’s a regional offer. Lease cash is $11,500 where I live.
EVs are not meant to be owned, just leased. They depreciate way too fast.
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That may be true. I would like the lowest cost lease in case it makes sense for me to buy it. It is very likely I won’t, but I’d like that option.
The reason is the Federal government won’t include the Federal $7,500 rebate in a typical purchase since Toyota isn’t USA made. The $7,500 is part of the reason the lease cash is high because it can be included in a lease. I don’t understand why it’s like that, but it is.
I have a level 2 charger that will charge an electric car in 10-12 hours. I could upgrade the wiring if I wanted it to be faster. Possibly double that with upgraded wiring.
You’re preaching to the choir. Have you driven this car? Are you fine with a sub 250 mile range? Have you seen the resale value on a 2023 model? As someone mentioned, I wouldn’t recommend buying this EV.
Here’s a 2023 XLE AWD with about 11k miles going for less than $24k.
https://www.cargurus.com/Cars/link/398411784
The MSRP for a brand new 2024 model is about $46k+. That first year depreciation is horrendous.
So what happens at the end of the lease? Is there an outrageous buyout? I was simply trying to figure out where I could get the lowest total cost leasing this vehicle. I’m getting quotes of $600 a month for 12,000 miles for 36 months. Maybe that is what it is? May be better to find a used one that’s depreciated. I know electric cars have a downside, but I am well aware of range and charging methods. I do drive around 12,000 miles a year. Maybe there’s better advice? Just thought it might make sense to get something newer. Currently I have 2021 Prius and a 2018 highlander. If I could lease cheap enough, I could sell the highlander and let the money sit in the investment account while having a new vehicle.
You have two options:
- You can turn the car in and pay a disposition fee.
- Buy it out, based on the residual value that was set by the leasing bank at the beginning of the lease.
For more info on how leasing works, please see this below.
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