Thinking of going electric? Now you can lease Toyota’s bZ4X for next to nothing.
If you’ve been hesitant about jumping into the EV market because of high prices, you might want to look closely at Toyota’s latest offer on the bZ4X. To boost its appeal, Toyota has slashed leasing prices on this all-electric model to levels that are turning heads across the automotive industry.
Right now, in places like Southern California, you can lease a 2023 Toyota bZ4X for just $129 a month with $1,999 down at signing. That’s incredibly cheap for a car that usually comes with a price tag starting at over $40,000. But it gets even better in Washington State, thanks to a new rebate program. There, you could drive away a bZ4X for an astonishing $56 a month.
This isn’t just a regional anomaly. Across various states, Toyota has been rolling out eye-popping deals for the bZ4X. In New York, for instance, the same model could cost $119 a month with a $4,000 initial payment. These numbers make the bZ4X one of the cheapest electric vehicles to lease, not just now but in the history of EVs.
Why such low prices? It seems Toyota is determined to clear out inventory as the bZ4X hasn’t quite caught on like other EVs. Despite its decent range of 252 miles per charge and standard features like LED headlights and Toyota Safety Sense 3.0, it’s been a tough sell. Last quarter, Toyota sold only 1,897 units of the bZ4X in the US, making up a mere 0.4% of their total sales.
But Toyota’s loss could be your gain. The low lease rates are partially thanks to generous incentives, including a $9,000 instant rebate for new EV leases in Washington State, which is applicable on top of a $7,500 federal tax credit. These financial incentives are designed to make electric driving accessible to more people, which aligns with broader environmental goals and helps reduce emissions.
For anyone considering this deal, it’s worth noting the bZ4X offers solid value. It might not have the appeal of a Tesla or the flashiness of some newer EVs on the market, but with Toyota’s reputation for reliability, it presents a practical choice for everyday commuting and city driving. Plus, the leasing deals include a 12,000-mile annual limit, which comfortably covers the average American driver’s needs.
So, if you’re in the market for an electric vehicle and have been put off by high prices, the Toyota bZ4X might just be the opportunity you’ve been waiting for. Deals like this don’t usually last forever, so it might be worth checking out sooner rather than later.
