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.