The 2021 Toyota RAV4 Prime plug-in hybrid, which has a larger 18.1 kWh battery, is eligible for the full $7,500 credit. Lease excludes tax, title, license, registration fees, and dealer options and charges. But remember the federal credit is not refundable. The Prime also gets 38 mpg in hybrid mode, and the driver has the choice of which one to use as long as there’s enough juice left in the battery pack, which is big enough to qualify for the full $7,500 federal tax credit on plug-in vehicles. If you purchase an eligible EV/PHEV (like the Rav4 Prime) but find you don't have enough federal income tax owed for the year to qualify for the full federal tax credit ($7500 for the R4P), there is something you could consider doing before the end of the year to get the full credit. The RAV4 Prime also has a manufacturer-estimated 90 combined MPGe. Security Deposit waived. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. The federal tax credit should knock the cost of the RAV4 Prime to under $30,000. Based on 10,000 miles/yr. See your dealer for more details. Security Deposit waived. Security Deposit waived. The federal Tesla tax credit has run its course, and the federal EV tax credit on General Motors vehicles will end soon. Based on 10,000 miles/yr. Lease offer is based on the 2021 TOYOTA RAV4 PRIME SE AWD (GB3FVT A) model, with 2.5L 4 cyl. Leases that qualify for this exemption on or before July 31, 2025, can continue to claim the exemption on lease payments due through July 31, 2028. If you purchase an eligible EV/PHEV (like the Rav4 Prime) but find you don't have enough federal income tax owed for the year to qualify for the full federal tax credit ($7500 for the R4P), there is something you could consider doing before the end of the year to get the full credit. Save $1,821 on a 2021 Toyota RAV4 Prime near you. Security Deposit waived. If you are a New York State resident looking for a new car, it’s a great time to buy or lease a plug-in hybrid or battery-powered car that qualifies for the Drive Clean Rebate. The standard features of the Toyota RAV4 Prime SE include Dynamic Force 2.5L I-4 302hp hybrid gas engine, 2-speed CVT transmission with overdrive, 4-wheel anti-lock brakes (ABS), side seat mounted airbags, curtain 1st and 2nd row overhead airbags, driver knee airbag, airbag occupancy sensor, automatic air conditioning, 18" aluminum wheels, cruise control, Full-Speed Range Dynamic … But the Prime secures the federal government’s maximum plug-in tax credit, $7,500 for qualifying shoppers, to reduce its net starting price to just under $32,000. How Can You Claim the Federal Tax Credit? Based on 10,000 miles/yr. EPA-estimated 94 combined MPGe for 2021 RAV4 Prime. For questions about the exemption, call 360-705-6705. There are currently 3 RAV4 Hybrid offers available. Based on 10,000 miles/yr. However, since not everyone qualifies for a $7500 tax credit, in most cases, the real price difference between PP and RP is still huge IMHO. Security Deposit waived. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. According to Car and Driver, "The Toyota RAV4 hybrid has sold 29,319 units through June 2019 , just … EPA-estimated 40 city/36 hwy/38 combined mpg. Security Deposit waived. For example, if you could get around $4,500 if you opted for the 2018 Prius Prime plug-in hybrid. Based on 10,000 miles/yr. I am considering between the RAV4 prime and the Honda Clarity PHEV. Terms available on approved credit through participating dealers and Toyota Financial Services (TFS). RAV4 Prime customers also may qualify for an $7,500 federal tax credit. Based on 10,000 miles/yr. The 2019 and 2021 Audi e-Tron also qualifies. For any questions regarding vehicle tax credits, or other tax and accounting issues, please don’t hesitate to contact your Henry+Horne tax professional. Plug-in Hybrid Model 4544 for $359 per month for 36 months with $2,999 Due At Signing. Plug-in Hybrid Model 4544 for $349 per month for 36 months with $3,999 Due At Signing. Combine that with a Federal Tax Credit of up to $7,500, and it’s an opportunity you wouldn’t want to miss. Sales tax, finance charges, cost of emissions test, other governmental fees or taxes, and transportation costs, incurred after the sale, to deliver the vehicle to the purchaser at the purchaser’s request are additional to the advertised price. Lease example based on 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Based on 10,000 miles/yr. Lease excludes tax, title, license, registration fees, and dealer options and charges. The unique front end of RAV4 Prime features a uniquely painted grille, a sculpted front chin spoiler and more to remind all why this ride perfectly puts the “sport” back in “SUV.” Sporty Side RAV4 Prime XSE’s 19-in. However, as Dykes points out, the vehicle will net out to only $30,600 if you qualify for the full $7,500 federal tax credit which the RAV4 Prime gets because the battery is larger than 16 kWh. Security Deposit waived. Toyota RAV4 Prime XSE Lease Details: Due at signing includes first month’s payment, bank acquisition fee of $650, capital reduction of $0. Terms available on approved credit through participating dealers and Toyota Financial Services (TFS). Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Earlier, the more expensive RAV4 appeared to be that Very little Hybrid (no-connect-in) on $36,880. The list includes the 2020 Toyota Prius Prime, 2020 Honda Clarity PHEV, 2020 Chrysler Pacifica Hybrid, and upcoming 2021 Toyota RAV4 Prime. Not all customers/lessees qualify. Click the link below to explore available offers. Security Deposit waived. See Trims. Lease excludes tax, title, … Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. The federal income tax credit was eliminated for any Tesla Model 3 delivered on or after January 1, 2020. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. And the starting MSRP for the Wrangler is about $9,000 more than the RAV4 Prime. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Where do we sign up? Purchase Method. Lease example based on 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. The standard features of the Toyota RAV4 Prime SE include Dynamic Force 2.5L I-4 302hp hybrid gas engine, 2-speed CVT transmission with overdrive, 4-wheel anti-lock brakes (ABS), side seat mounted airbags, curtain 1st and 2nd row overhead airbags, driver knee airbag, airbag occupancy sensor, automatic air conditioning, 18" aluminum wheels, cruise control, Full-Speed Range Dynamic … Let’s say if I can get my hands today on a 2021 RAV4 prime SE for $1k below msrp and a 2021 Honda Clarity for $5k below msrp. RAV4 Prime customers also may qualify for an $7,500 federal tax credit. Security Deposit waived. Based on approved credit. Eligible U.S. military personnel and their families may qualify for a $500 reward that can be used toward a new Toyota financed or leased through your dealer and Toyota Financial Services. Contact a sales representative in store to see if you qualify. 2021 Toyota RAV4 Prime Plug-in Hybrid ($7,500) 2020-2021 Prius Prime Plug-in Hybrid ($4,502) For more information, visit the IRS website. A few 2021 Mercedes Benz models like the X5 xDrive45e, 330e, and the 330e xDrive qualify for the credit. Lease excludes tax, title, license, registration fees, and dealer options and charges. For example, the Toyota Prius Prime, a plug-in hybrid hatchback, only qualifies for a $4,502 tax credit. The good news, though, is that the RAV4 Prime does qualify for a full $7,500 federal tax credit – so you could (theoretically) walk away with one for much cheaper. Based on 10,000 miles/yr. Not all customers/lessees qualify. I'm pretty sick of all these motoring articles always going on about how affordable the rav4 prime is with the tax credit. The Qualified Plug-In Electric Drive Motor Vehicle Credit can be worth up to $7,500 in nonrefundable credit. Certain plug-in hybrids. Based on 10,000 miles/yr. Disclaimer(s): Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Disclaimer(s): Get 2.99% APR for 60 months on Toyota Certified Used RAV4 and RAV4 Hybrid models! Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Qualified Plug-In Electric Drive Motor Vehicles (IRC 30D) Internal Revenue Code Section 30D provides a credit for Qualified Plug-in Electric Drive Motor Vehicles including passenger vehicles and light trucks. Toyota's RAV4 Prime still qualifies for the full $7,500 federal tax credit. Based on 10,000 miles/yr. So now you should know if your vehicle does in fact qualify for a federal tax credit… Excludes Sales Tax, Acquisition Fee, First Month Payment, DMV Fees and $75 Dealer Fee for Obtaining title. EPA-estimated 94 combined MPGe for 2021 RAV4 Prime. In some places, the vehicle may … Questions about the Colorado Electric Vehicle Tax Credit? Both media are puzzled why Toyota couldn’t secure manufacturing capacity for more units. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. If you choose a new 2012-2014 Toyota RAV4 EV, you could get as much as $7,500. Finance offer is based on the 2021 TOYOTA RAV4 PRIME SE AWD (GB3FVT A) model, with 2.5L 4 cyl. The 2021 RAV4 Prime, however, is eligible for a $7,500 federal tax credit. Security Deposit waived. (as of April 2021) Lease excludes tax, title, license, registration fees, and dealer options and charges. Based on 10,000 miles/yr. All applicable taxes are calculated on the total amount prior to deduction of the down payment. RAV4 Prime customers also may qualify for an $7,500 federal tax credit. If you qualify for a $ 7500 electric vehicle tax credit, the RAV4 Prime is nothing to think about, as government financial incentives lower its price substantially – and you get a RAV4 with more power and a significant electric dedicated driving distance. Plug-in Hybrid Model 4544 for $359 per month for 36 months with $2,999 Due At Signing. If someone value-oriented is shopping for a new car at a sub $20K total cost, then Rav4 Prime will not be on his/her shopping list. This may be the one vehicle capable of making me … Based on 10,000 miles/yr. Use for comparison purposes only. Cierra Tate If so, it would qualify for the full $7,500 federal tax credit. Your MPGe/MPG will vary for many reasons, including your vehicle's condition and how/where you drive. Payments and conditions may vary for a commercial use. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Lease excludes tax, title, license, registration fees, … Toyota RAV4 Prime SE Lease Details: Due at signing includes first month’s payment, bank acquisition fee of $650, capital reduction of $0. It has the lowest base price before tax credits, and we expect it will qualify for the full $7,500 federal tax credit, meaning it should be available for less than $30,000 when all is said and done. How Can You Claim the Federal Tax Credit? Lease example based on 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Plug-in Hybrid Model 4544 for $349 per month for 36 months with $3,999 Due At Signing. Security Deposit waived. Plug-in Hybrid Model 4544 for $349 per month for 36 months with $2,999 Due At Signing. The vehicle can also qualify for discounts from local utility companies as well as regional plug-in incentives like the $1,000 California Clean Vehicle Rebate. Plug-in Hybrid Model 4544 for $349 per month for 36 months with $3,999 Due At Signing. (See link attached above). Federal Tax Credits for All-Electric and Plug-in Hybrid Vehicles: Federal Tax Credit Up To $7,500: All-electric and plug-in hybrid cars purchased in or after 2010 may be eligible for a federal income tax credit of up to $7,500. The finance and lease rates listed above may be above or below the actual rate you receive and must be confirmed with the dealer and must be on approved credit. Pricing also isn't directly comparable to the standard RAV4 Hybrid because the Prime will only be offered in two trim levels. Lease excludes tax, title, license, registration fees, and dealer options and charges. In EV states with purchase price caps, for example Massachusetts, the RAV4 Prime… December 1, 2020 - To get the federal EV tax credit, you have to buy a new and eligible electric car. Lease excludes tax, title, … Not all customers/lessees qualify. New 2021 Toyota RAV4 Prime at 44,990 for sale in Ottawa at Bank Street Toyota. The RAV4 prime is therefore going to be around $10k more expensive than the Clarity, both will qualify for tax … Based on 10,000 miles/yr. Transport Canada is closely monitoring the COVID-19 situation. Lease excludes tax, title, license, registration fees, and dealer options and charges. Eligible U.S. military personnel and their families may qualify for a $750 reward that can be used toward a new Toyota financed or leased through your dealer and Toyota Financial Services. For example, if you could get around $4,500 if you opted for the 2018 Prius Prime plug-in hybrid. The credit amount will vary based … The amount of the tax credit can’t exceed $7,500 per vehicle. Let’s say if I can get my hands today on a 2021 RAV4 prime SE for $1k below msrp and a 2021 Honda Clarity for $5k below msrp. Individual states have additional incentives that can be either be applied at time of purchase or via a rebate program, depending on the state. engine and CVT transmission. Security Deposit waived. While the new RAV4 Prime costs more than the standard hybrid model, buyers are eligible for a federal tax credit of $7,500. That's pretty funny, and yet a little sad! engine and CVT transmission. Plug-in Hybrid Model 4544 for $349 per month for 36 months with $2,999 Due At Signing. It’s important to keep in mind that states also offer incentives for PHEVs, so buyers could get that down even more. The RAV4 Prime SE, with the full federal tax credit, is $31,720, a more reasonable $2,250 extra over the RAV4 Hybrid. Lease excludes tax, title, license, registration fees, and dealer options and charges. Thanks for the great info– Mark. Plug-in Hybrid Model 4544 for $359 per month for 36 months with $2,999 Due At Signing. Family of 4 with no other tax credits except child tax credit… However, the RAV4 Prime's 18.1-kWh battery capacity means that it will qualify for a tax credit of up to $7,500 as well as other state-specific incentives. Limited time purchase financing offer on approved credit. Sweet! Still, that RAV4’s 18.1-kWh battery pack possible guarantees that it could qualify for earnings tax bill credit score as much as $7,500 as well as other rank-certain add-ons. Learn More About Buying a 2021 Toyota RAV4 Prime in Hollywood. MPGe is the EPA-equivalent of gasoline fuel efficiency for electric operation. Individual states have additional incentives that can be either be applied at time of purchase or via a rebate program, depending on the state. It looks like that RAV4 Hybrid offer is no longer available. Claiming the Plug-in Electric Drive Motor Vehicle Tax Credit isn’t difficult, according to the IRS. Tax credits are available in Colorado for the purchase or lease of electric vehicles and plug-in hybrid electric vehicles. Notably, the RAV4 Prime is eligible for the maximum federal tax credit of $7,500, and there may be state or local incentives as well. Disclaimers: Advertised price includes $599 Delivery & Handling Fee. The 2021 Toyota RAV4 Prime delivers over 40 miles of all-electric range. Lease excludes tax, title, license, registration fees, and dealer options and charges. $500. Current 2021 Toyota RAV4 Prime SUV Special Offers. Lease excludes tax, title, license, registration fees, and dealer options and charges. In response, we have issued some transportation-related measures and guidance.Please check if any of these measures apply to you. Some forums can only be seen by registered members. See www.fueleconomy.gov. Plug-in Hybrid Model 4544 for $349 per month for 36 months with $3,999 Due At Signing. MPGe is the EPA-equivalent of gasoline fuel efficiency for electric operation. Plus regional tax and license. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Disclaimer(s): Get 2.99% APR for 60 months on Toyota Certified Used RAV4 and RAV4 Hybrid models! Plug-in Hybrid Model 4544 for $349 per month for 36 months with $3,999 Due At Signing. Lease excludes tax, title, license, registration fees, and dealer options and charges. Security Deposit waived. Sales and use tax exemptions expiration dates. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Lease excludes tax, title, license, registration fees, and dealer options and charges. Based on 10,000 miles/yr. Based on 10,000 miles/yr. Lease excludes tax, title, license, registration fees, and dealer options and charges. You could take money out of your 401K or traditional IRA. The standard features of the Toyota RAV4 Prime SE include Dynamic Force 2.5L I-4 302hp hybrid gas engine, 2-speed CVT transmission with overdrive, 4-wheel anti-lock brakes (ABS), side seat mounted airbags, curtain 1st and 2nd row overhead airbags, driver knee airbag, airbag occupancy sensor, automatic air conditioning, 18" aluminum wheels, cruise control, Full-Speed Range Dynamic … The RAV4 Prime starts at $38,100, which is much more expensive than the non-plugin version. Plug-in Hybrid Model 4544 for $359 per month for 36 months with $2,999 Due At Signing. See Trims. The 2020 RAV4 Hybrid XSE, which we call the best hybrid for … The standard features of the Toyota RAV4 Prime SE include Dynamic Force 2.5L I-4 302hp hybrid gas engine, 2-speed CVT transmission with overdrive, 4-wheel anti-lock brakes (ABS), side seat mounted airbags, curtain 1st and 2nd row overhead airbags, driver knee airbag, airbag occupancy sensor, automatic air conditioning, 18" aluminum wheels, cruise control, Full-Speed Range Dynamic Radar … Security Deposit waived. But both PHEVs qualify for the same $7,500 tax credit, the maximum amount under the tax credit rules. Contact a sales representative in store to see if you qualify. Taking advantage of the Drive Clean Rebate is very easy: simply purchase a qualifying electric car from a participating dealer, and a discount of up to $2,000 will be applied when you pay. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Contact the Colorado Department of Revenue at 303.238.7378. If you choose a new 2012-2014 Toyota RAV4 EV, you could get as much as $7,500. Lease example based on 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Compare the Toyota RAV4 Prime to a similar gas vehicle, the Toyota RAV4. Battery capacity — You can look up the tax credit associated with a specific make and model with this handy guide. DTE Energy Charging Forward Rebate. Some customers will not qualify. On approved credit. For more information on which vehicles qualify, please visit the following link: The Cash, Financing and leasing incentives displayed is for information purposes only. Terms available on approved credit through participating dealers and Toyota Financial Services (TFS). Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Plug-in Hybrid Model 4544 for $349 per month for 36 months with $3,999 Due At Signing. Based on 10,000 miles/yr. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Our sales team is ready to show you all of the features that you will find in the Toyota RAV4 Prime and take you for a test drive in the Hollywood Area. Two trim levels are available and all-wheel drive is standard for both. Security Deposit waived. The standard features of the Toyota RAV4 Prime SE include Dynamic Force 2.5L I-4 302hp hybrid gas engine, 2-speed CVT transmission with overdrive, 4-wheel anti-lock brakes (ABS), side seat mounted airbags, curtain 1st and 2nd row overhead airbags, driver knee airbag, airbag occupancy sensor, automatic air conditioning, 18" aluminum wheels, cruise control, Full-Speed Range Dynamic … Thanks to the 2020 Ford Escape Plug-in Hybrid 's 14.4-kWh battery, buyers will be in for a tax credit of $6,843 -- or nearly the full $7,500 tax credit EVs take advantage of. Terms available on approved credit through participating dealers and Toyota Financial Services (TFS). EPA-estimated 40 city/36 hwy/38 combined mpg. Terms are available only to well-qualified, credit worthy buyers through Toyota Financial Services on all qualifying certified used current year through six-year old RAV4 (gas, hybrid, and prime), Camry (gas and hybrid), Corolla (Corolla Gas/Hybrid, Hatchback, iM, & MY16 Scion iM), and 4Runner vehicles with 85,000 miles or less. Lease excludes tax, title, license, registration fees, and dealer options and charges. Your MPGe/MPG will vary for many reasons, including your vehicle's condition and how/where you drive. Some sources on the web were speculating 2-3K more, but I do think that's very optimisitc. Your terms may vary. The Rav4 Hybrid XSE currently starts at $35,170, so expect the Rav4 Prime to come in a couple of thousand dollars more than that and to qualify for some federal and state electric car tax … Sales of the RAV4 Prime XSE should complement the XSE Hybrid, but much of its success relies on the dealer educating consumers about the tax credit as well as short- … Contact a sales representative in store to see if you qualify. Qualified lessees can lease a new 2021 RAV4 Prime RAV4 Prime SE AWD 2.5L 4-Cyl. Security Deposit waived. Current 2021 Toyota RAV4 Prime SUV Special offers. RAV4 Prime customers also may qualify for an $7,500 federal tax credit. Security Deposit waived. The New Jersey state Legislature has passed a measure giving tax rebates of up to $5,000 for EV purchases, depending on range. Add the maximum $7,500 federal tax credit and the real cost of buying a 2021 RAV4 Prime in California can drop to $9,500 below the MSRP. Combine that with a Federal Tax Credit of up to $7,500, and it’s an opportunity … Lease excludes tax, title, license, registration fees, … And the starting MSRP for the Wrangler is about $9,000 more than the RAV4 Prime. The 2021 Toyota RAV4 Prime unveiled and on display | FREDERIC J. BROWN/AFP via Getty Images. Based on 10,000 miles/yr. The standard features of the Toyota RAV4 Prime SE include Dynamic Force 2.5L I-4 302hp hybrid gas engine, 2-speed CVT transmission with overdrive, 4-wheel anti-lock brakes (ABS), side seat mounted airbags, curtain 1st and 2nd row overhead airbags, driver knee airbag, airbag occupancy sensor, automatic air conditioning, 18" aluminum wheels, cruise control, Full-Speed Range Dynamic Radar … Use for comparison purposes only. Applies to select new 2021 Toyota RAV4, RAV4 Hybrid, and RAV4 Prime. Does a new 2017 Toyota RAV4 Hybrid qualify for energy efficient tax credit? Terms are available only to well-qualified, credit worthy buyers through Toyota Financial Services on all qualifying certified used current year through six-year old RAV4 (gas, hybrid, and prime), Camry (gas and hybrid), Corolla (Corolla Gas/Hybrid, Hatchback, iM, & MY16 Scion iM), and 4Runner vehicles with 85,000 miles or less. Colorado now offers a $4,000 state tax credit for PHEVs purchased or leased in 2020 – for a maximum potential benefit of $11,500 including the federal credit.

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