The car is $48,444. The 10K comes off the car from TFS. The rest you have to apply for. You don't get tax credits in advance. Residual is $22,908 at 10K annual. That's a perfectly reasonable lease payment for a CA buyer. Out of state buyers pay $465 a month because there's no tax on the cap red. and no title fees. You'd have to work that out with your own state.
I can not claim the tax credit on a lease, TFS can. 10,000 + 7500 should be taken off the capital cost. At least that is how ALLY leasing does it. Can I still get the $10,000 factory cash if I lease through ALLY? Also, ALLY only collects state sales tax on the depreciation value (i.e. 30,944 - 22,908 = 8,036) (texas 6.25% x $8,036) $502.25 or $14/month.
Nevertheless, it's not how Toyota does this. The 10K on contract is for a lease or purchase, so buy it if you want the extra $7500. tax credit.
Holy cow! I confirmed the $10K cash off via Toyota Dealerships - New & Used Car Deals & Special Offers | BuyAToyota.com . It looks like it's a So Cal only thing (worked for 90024) while a Nor Cal zip like 95136 only yielded the $7K.
^^^ Not doubting it at all. That's a crazy amount of incentive. Getting more and more tempting. If it only had a CHAdeMO Association port on it (almost impossible it'd happen on a '12, and doubtful any future ones of this generation would get it).
Yeah, I and those on MyNissanLeaf really wish the Federal tax credit ($7500 on the Rav4 EV and most/all other BEVs) would change to instant or much faster rebate than the current system. Right now, people have wait until filing their taxes for that tax year and if they don't have enough tax liability for a given year and can't create income (e.g. rolling over a traditional IRA to Roth IRA) to make it high enough, they can't get the full credit.
Doesn't solve the problem that you need to have income of at least $75k as a couple to claim it fully.
That is why a properly structured lease would be appealing, a lease that passed through the $7,500 federal tax credit that the leasing company can claim (TFS in this case). If TFS would pass through the tax credit the lease should be about $350/month.