With all the fuss over the cash incentives and rebates through the “cash for clunkers” program, few people have mentioned the option of leasing. Maybe that’s because most dealers and automakers do not want to offer the leases for the five years required by the program. But you can get these five-year leases on Toyota cars as the world’s largest automaker is ready to offer this deal in compliance with the CARS program.
Toyota has announced several models under the 60-month leasing program. Those models include the Yaris, Camry, Corolla, RAV4 and the Toyota Tacoma. If you wanted to lease a Yaris, for example, you could have monthly payments of about $80 if you put a $5,229 down payment at purchase. The good news is if you qualify for the $4,500 voucher from the federal government, you would only need a down payment of $729.
The lease offers are different depending on individual dealers and regions. The best thing to do is visit your local Toyota dealer to see what is available where you live. With prices like these on Toyota cars, get there as soon as possible because they simply won’t last!
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If you have not taken advantage of the federal government’s “cash for clunkers” program and you got worried because they ran out of money for vouchers, you still have time to get one of those