The Industry's Leading Source For F&I, Sales And Technology

Finance

Toyota Offers Special Lease Rates for CARS Participants

July 28, 2009

TORRANCE, Calif. — Toyota is offering regional lease rates to consumers participating in the government’s Car Allowance Rebate System (CARS).

Consumers can apply their CARS rebates toward special 60-month leases on Yaris, Corolla, Camry (non-hybrid), RAV4 SUV and Tacoma pickup. Lease rates vary by region, and information is available at buyatoyota.com.

The special leases are only available to customers participating in the CARS program. Consumers not receiving government incentives can take advantage other regional offers, including low APRs and cash rebates.

The program, better know as “Cash for Clunkers,” will run through Nov. 1, or until funds are exhausted, whichever comes first. Consumers can access the program’s official guidelines by going to cars.gov.

“We appreciate the effort by the U.S. Congress to pass ‘Cash for Clunkers,’ which represents a great stimulus for the auto industry and our dealers,” said Jim Lentz, president and chief operating officer of Toyota Motor Sales U.S.A. “It will help consumers dispose of older high-emissions, less fuel efficient vehicles and replace them with new, more fuel efficient cars and trucks.”

Toyota has 25 models of cars, trucks, vans and SUVs that qualify for federal rebates ranging from $3,500 to $4,500. In addition, some Lexus models also qualify. Consumers can see which Toyota , Lexus and Scion models are eligible by going to http://www.toyota.com/cashforclunkers.

The site will also allow visitors to calculate the amount of federal funds they are likely to receive based on the vehicle they turn in and which car, truck, van or SUV from the Toyota family they plan to buy or lease. In addition to government cash, Toyota customers are also eligible for any additional dealer incentives in effect, which vary by region.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Concerns Persist, But Dealer Floorplan ABS Perform Adequately, Says Fitch

Auto dealer floorplan ABS transactions entering early amortization due to manufacturer or finance company bankruptcy are largely performing within expectations, though material concerns remain over valuation declines in a still challenged macro environment, according to Fitch Ratings.