AT A GLANCE

• Last Minute Offer! Ten (10) available until March 31, 2021. First come, first served. Pick-up in the New York City metropolitan area.

• Pre-Negotiated Deal: Terms reviewed by Leasehackr. No surprise fees or last minute add-ons! View all the lease terms below.

• Drive Clean Rebate: Deal includes $1,100 New York State plug-in vehicle rebate. Add $31 per month if you do not have a New York driver’s license and vehicle registration address.

THE DEAL!

The deal in question is for the 2021 Toyota Prius Prime, a super efficient plug-in hybrid that averages a whopping 54 miles per gallon (EPA) on gasoline. Additionally, you can drive the Prius Prime purely on electricity for 25 miles when fully charged, enough for many folks to commute gas-free.

This Pre-Negotiated Deal is available for two trim levels, XLE and Limited, for an MSRP of about $30,995 and $34,995, respectively. Exact MSRP may vary slightly based on minor equipment differences.

The deal is simple: $189 per month with $0 down payment for the XLE, and $237 per month with $0 down payment for the Limited. First month's payment, tax, registration, $650 bank fee, and $75 document fee are due at signing. Below are sample deal sheets for a New York resident.

This deal includes the New York State plug-in vehicle rebate, which is applied at the point of sale. Add $31 per month if you do not have a New York driver’s license and vehicle registration address.

For those who qualify, Toyota offers an additional $500 rebate for recent college grads and those affiliated with the U.S. Military and U.S. Olympics. Current Toyota Sienna, Tundra and Tacoma lessees who return their lease qualify for a $1,000 loyalty offer. These targeted incentives have not been factored above.

For those who love numbers, here is the breakdown of the deal on the Leasehackr Calculator: Prius Prime XLE and Prius Prime Limited. Note that different annual mileage options, ranging from 10,000 miles to 15,000 miles, can be selected.

DEAL EVALUATION

Selling Price: The selling price on this Prius Prime XLE is 3.4% below MSRP pre-incentive, or 16.3% below MSRP with Toyota incentives applied.

At such a large discount, the Pre-Negotiated Deal dealer is selling the vehicle below cost (about $400 below invoice) in the hopes of meeting a volume bonus this month.

Money Factor: We’ve made sure that the money factor is the same as the buy rate set by Toyota Financial Services: .00016 (0.4% APR). There is no markup. Some dealers advertise a bigger discount off MSRP, but make up for it with inflated finance charges. This is called “back-end” profit, which can end up costing you more.

Document Fee: The document fee is capped at $75 in New York. The dealer is not making any additional back-end profit by charging a high document fee, unlike the case with many dealers in other states.

ABOUT THE TOYOTA PRIUS PRIME

The 2021 Prius Prime is the flagship of the Prius line-up, offering 25 miles of pure electric driving — in addition to the excellent fuel economy you get from the regular Prius. If you have a short commute, you can do most of your daily driving in the Prime without burning a single drop of gasoline.

The Prius Prime XLE comes well-equipped with the following features:

• SofTex leatherette interior with heated, 8-way power driver’s seat with power lumbar

• 11.6-inch multimedia display with integrated navigation, Apple CarPlay, and wireless phone charging

• Toyota Safety Sense 2.0, including Dynamic Radar Cruise Control

• 5-passenger seating with 60/40 split folding rear seats

The Prius Prime Limited includes all of the XLE features, as well as a color heads-up display (HUD), Intelligent Parking Assist, and Blind Spot Monitor.

HOW DO I RESERVE MY PRE-NEGOTIATED DEAL?

Simply walk through the video-guided sign-up process below. Please make sure you meet all the criteria before you start:

1. You are willing to pick up the vehicle in the New York City metropolitan area.

2. You have your driver’s license and proof of insurance ready.

3. You have good credit (700 or above).

4. You are genuinely interested in this deal. As supplies are limited, please do not reserve one of the slots if you don’t intend on leasing the car. There are a lot of other great deals on the forum if you wish to explore other options.

To reserve your spot, click the yellow “Let’s get started” button below to start the check out process.

Want to be the first to know about our future Pre-Negotiated Deals? Subscribe to our Deal Alert.

THE FINE PRINT

Vehicle must be picked-up at dealer(s) located within the New York City metropolitan area. Deal is valid through March 31, 2021, or until vehicles are sold.

Pre-Negotiated Deal offer is available upon approved credit only. Amount due at signing and monthly payment may vary from the sample New York deal sheets shown above depending on vehicle registration location, due to variations in local sales tax rate, registration fee, and tax structure. 

At lease end, lessee is responsible for disposition fee of $350 to Toyota Financial Services, $0.15/mile for miles driven in excess of the allotted mileage, and any excessive wear and tear. Excess wear and tear protection may be purchased at additional cost.

Exact vehicle color and configuration are subject to availability. The seller will try its best to assign the customer a car that matches the desired color. If not possible, the customer will be notified and may choose to select another color or forfeit the deal reservation.

Comparison between Pre-Negotiated Deal offer and official Toyota lease offer is based on normalizing the official March 2021 Toyota Greater NY lease offer to account for differences in vehicle MSRP ($30,995 versus $29,474, respectively) and customer down payment ($0 versus $2,870). Official Toyota lease offer requires $505 dealer contribution, which is equivalent to a discount of 1.7% off MSRP.

Leasehackr does NOT directly sell or lease any vehicle to you. All transactions and agreements made for the sale of the vehicle are between you and the seller.