Toyota has significantly reduced its leasing prices on the bZ4X electric crossover, making it a more appealing option for potential buyers. The lease deals vary depending on the location, with some regions offering much more affordable rates than others. For example, buyers in the San Francisco Bay Area can lease a 2023 bZ4X XLE for just $129 per month for 36 months, with $1,999 due at signing, totaling $6,643 for three years. This aggressive pricing strategy is aimed at encouraging consumers to consider electric vehicles, especially since every EV qualifies for the full $7,500 tax credit when leased.
In comparison to leasing a 2024 Toyota RAV4 LE, which costs $369 per month for 36 months with $2,999 due at signing, the bZ4X XLE proves to be a more cost-effective option. In fact, for the price of leasing one RAV4 LE for three years, a household could lease two bZ4X XLEs and still have leftover money. While having two bZ4Xs may not be necessary, financially, it makes sense. The variety of lease deals across different regions, such as in Pennsylvania, Washington D.C., Los Angeles, New York, New Jersey, Vermont, Massachusetts, Washington State, and Oregon, offer consumers a range of options to choose from based on location and budget.
Despite the nationwide lease offer for the bZ4X being $399 per month for 36 months with $3,698 due at signing, there are more competitive deals available in certain regions. For instance, Hyundai is offering the Ioniq 5 SEL for $229 a month for 24 months with $3,499 due at signing, totaling $11,743 for 36 months. This demonstrates that there are more affordable and compelling electric vehicle leasing options available, depending on the brand, model, and location.
The Toyota bZ4X comes in two trims, XLE and Limited, with varying powertrain options. The XLE model, priced at $44,420, offers LED headlights, a power liftgate, a panoramic glass roof, and Toyota SafetySense 3.0. With either front-wheel drive or dual motors, the bZ4X can travel between 228 and 252 miles on a single charge, with DC fast charging speeds capped at 150 kilowatts. The Limited model, priced at $48,530, includes additional features such as ventilated front seats and larger wheels, with a slightly reduced range compared to the XLE model.
When compared to the Tesla Model Y, which starts at $45,630 after the federal EV incentive, the bZ4X may not initially seem like a competitive value proposition. However, with the reduced leasing prices in certain regions, the bZ4X becomes a more attractive option for consumers looking to enter the electric vehicle market. These regional lease deals offer significant savings and make the bZ4X an appealing choice for those interested in exploring electric crossovers without breaking the bank.
