http://www.buyatoyota.com/Specials/SpecialOffers.aspx
Until Aug 5, 2013:
Toyota only sold 44 Rav4 EV's in June 2013, so the discount have gone WAY up:
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PURCHASE:
No Toyota discount, but $7500 federal credit (IRS form 8936) applies to new cars only, and $2,500 California state rebate (your state or province may also have incentives).
0.0% financing from Toyota by Aug 5, 2013. No other Toyota discount.
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LEASE:
$299 per month, $3,999 Drive-off after $15,400 Lease Cash on a new 2013 RAV4
$299/mo* for 36 months, $3,999 Drive-off
*Includes $15,400 TFS Subvention Lease Cash
Includes ToyotaCare
Offer Ends 8/5/2013
Lease example for 2013 RAV4 EV model #4480. Based on gross capitalized cost of $50,759 (acquisition fee not included). Security deposit waived. Plus tax and license. Individual dealer prices vary. Lessee pays $0.15 per mile for all mileage over 12,000 miles per year. Lessee to pay $299* per month for 36 months with $3,999 total drive off. Available through Toyota Financial Services to qualified Tier 1+ (plus) credit customers. Lease Cash offer valid through TFS lease or finance only. Must take delivery from dealer stock by midnight 8/5/2013. Example vehicle may not be available at all dealers. See your Toyota Dealer for details. *Lease Payment after $14,500 TFS Lease Cash
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The only differences between a 2013 and 2012 model year is a higher window sticker price, and the Vehicle Identification Number (VIN) has a "D" the replaces the "C" in the 8th digit from the right. You will find the VIN through the front window, looking from the outside on the driver's side, at the bottom.
I do not expect that there will be many 2012 model year cars still available.
$7500 federal tax credit is on a purchase ONLY !!! Toyota does not pass this credit to you on a lease - CAVEAT EMPTOR!!! CHANGE FOR JULY 2013... For at least this month, they offer you the $7500 fed tax credit on a lease.
$2500 California state credit does apply to lease or purchase for California only. Your state or province may also have incentives.
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PURCHASE:
Includes Toyota Care, Free maintenance for 2 years.
$2000 - $4000 typical dealers discounts (
the dealers are getting 2% "holdback", and the salesperson gets $1000 from Toyota USA and the sales manager get $500... don't worry about hammering them on a good deal)
$7500 federal tax credit purchase ONLY !!! (NOTE: Toyota does not pass this credit to you on a lease - CAVEAT EMPTOR). You get this when you file
IRS form 8936 with your federal taxes. No carryovers to the following tax year, so you need to owe the IRS at least $7500 this year.
BE VERY CAREFUL THAT THE DEALER IS NOT SELLING YOU A USED CAR!!! YOU WILL NOT QUALIFY FOR THIS CREDIT. THIS IS A KNOWN DEALER SCAM, AS THEY TAKE THE $7,500 FEDERAL TAX CREDIT FOR THEMSELVES.
$2500 California state credit for lease or purchase;
Apply here. Obviously, out-of-state buyers don't get this, but instead you will get your state or local government incentives. BE VERY CAREFUL THAT THE DEALER IS NOT SELLING YOU A USED CAR!!! YOU WILL NOT QUALIFY FOR THIS CREDIT. THIS IS A KNOWN DEALER SCAM, AS THEY TAKE THE $7,500 FEDERAL TAX CREDIT FOR THEMSELVES.
Sales tax - on an "in-state" purchase, you pay the applicable tax for your county/city. For an in state lease, you pay a "use tax" on the monthly payment. For out-of-state, you pay nothing to California with a proper Bill of Laden from a shipping company. DO NOT TAKE DELIVERY IN CALIFORNIA unless you want to pay our taxes!!! You will pay applicable taxes in your out-of-state jurisdiction.
There's a whole thread devoted to out-of-state purchases and leases.
NOTE TO ALL OUT OF STATE BUYERS:
I recommend having a local California current Rav4 EV owner test drive your car at the dealer before shipping to you out of state. My particular car had excessive motor noise from new, so it will be easy to identify the same situation before the car is shipped to you.
IF YOUR CAR IS DELIVERED WITHOUT FUNCTIONING INTERIOR LIGHTS:
A pin is located in the engine bay passenger side fuse box to activate the lights. Inside that fuse box, there is a white "fuse" without any number and that is the "pin". Under the fuse cover, there is a location labeled "short". Put the "pin" into the "short" slot and interior function like light, garage door opener, external door handle switch will be activated.
Typical purchase deals for NEW (not used) should look like this:
New 2012 Rav4 EV (not used)
$50,870 Retail MSRP (inc floor mats and destination, add $200 for white)
($2,000-$4,000) Dealer Discount
($9,300 - $10,000) Toyota Cash with 0.0% interest for 60 months
$80 doc fee
$36,870 - $39,570 net cost plus tax and license. This is what you will pay in the dealership without tax or shipping from California to your out of state location.
$5,000 sales tax and license plates in California. Your state may vary wildly.
Then:
($7,500) Fed Tax Credit (you will get this with your taxes with form 8936)
($2,500) CA State Rebate (you will get this when you mail in a form)
$26,870 - $29,570 Total Net Cost plus tax/license
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Make sure your dealership ticked the correct box for "motive power" on the registration. If they incorrectly entered "gas", you'll need to get it corrected. In California, the DMV requests that the dealership complete Sections G & H of form "Reg 256". For section G, the sample response given was:
"Due to a clerical error on the Report of Sale, the motive power was entered as "gas (G)", when the actual motive power for this vehicle is "100% electric (E)". Please correct. No fraud intended."
The dealer then signs and dates Section H.
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Have you dealer set the reverse beeper that will blast you out of the car in reverse to a single beep. I highly recommend writing this in the contract, particularly for an out of state sale. You will not like this distracting beeping in reverse. Also, I recommend setting the auto door locks to whatever setting you want prior to delivery.
