Safety Our 1,800 North American dealerships (nearly 1,500 in the U.S.) sold 2.8 million cars and trucks (2.4 million in the U.S.) in 2019. With that discount, the … I'm pretty sick of all these motoring articles always going on about how affordable the rav4 prime is with 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. The Toyota Prius Prime plug-in hybrid, with 40 km of electric range thanks to its 8.8-kWh lithium-ion battery, qualifies for a $2,500 rebate. First revealed at the 2019 Los Angeles Auto Show, the 2021 RAV4 Prime will be available in SE and XSE grades, both emphasizing athletic on-road performance and premium comfort and style. Colorado now offers a $4,000 state tax credit for … I know some states have refundable tax credits like Colorado. The HV battery is covered for 10 years/150,000 miles, whichever comes first, and is transferrable across ownership. Hybrid-related components that require repairs needed to correct defects in materials or workmanship are covered for 8 years/100,000 miles, whichever comes first from original date of first use when sold as new. Federal Tax Credits for New All-Electric and Plug-in Hybrid Vehicles Federal Tax Credit Up … We believe that when people are free to move, anything is possible. All materials on this site are for editorial use only. Thank you for subscribing. None of these RAV4 Prime prices includes the $7,500 federal income tax credit, and most states offer at least $1,000 or more in addition tax credits, putting even a loaded RAV4 Prime XSE … For vehicles acquired after 12/31/2009, the credit … But if you are … The RAV4 Prime also has up to a manufacturer-estimated 42 miles on battery alone on a single charge, making it the highest EV range of any PHEV SUV on the market. The SE’s equipment is quite comprehensive, with standard: The available Weather & Moonroof Package (+$1,665 upgrade) is chock-full with upgrades like a heated steering wheel, heated rear outboard seats and rain-sensing windshield wipers with de-icer function, for added convenience. $114,000 a year! The list includes the 2020 Toyota Prius Prime, 2020 Honda Clarity PHEV, 2020 Chrysler Pacifica Hybrid, and upcoming 2021 Toyota RAV4 Prime. Family of 4 with no other tax credits except child tax credit. Through the Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. They may be cropped but not otherwise modified. Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the U.S. Toyota Motor Corporation Announces April-December 2019 Financial Results, 8-way power driver’s seat with lumbar adjustment, Blind Spot Monitor with Rear Cross-Traffic Alert, Leather-wrapped steering wheel and shift knob with red stitching, Audio with 8-in. 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. $4,000. Prices are manufacturer’s suggested retail prices (MSRP) excluding the delivery, processing and handling (DPH) fee of $1,120. $114,000 a year! Cars for Sale ... Pricing and Tax Credits. Toyota RAV4 also benefits from strong resale values and low operating costs. Even though the trade-in brought the cost down to $42,000, the new vehicle was … Here is an example of what it takes to get a a full $7500 credit. But, it doesn’t end there. 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. “Get the First-Ever 2021 RAV4 Prime Start...”. Individual states have additional incentives that can be either be applied at time of purchase or via a rebate … 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. two-tone alloy wheels, the largest ever offered on a hybrid RAV4, Auto-dimming rearview mirror with HomeLink universal transceiver, Weather with Audio and Premium Package (+$5,760), SofTex®-trimmed seats with sporty red accents and stitching, 4-way power adjustable front passenger seat with seatback pocket, Perforated Heated & Ventilated Front Seats, Pre-Collision System with Pedestrian Detection (PCS w/PD), Full-Speed Range Dynamic Radar Cruise Control (DRCC), Lane Departure Alert with Steering Assist (LDA w/SA). Even value is OK. The SE flaunts its sporty attitude with 18-in. Research the 2021 Toyota RAV4 Prime at cars.com and find specs, pricing, MPG, safety data, photos, videos, reviews and local inventory.! But remember the federal credit is not refundable. By using our Services, you agree to our use of cookies.Learn More. 469-292-3596 For example, if your tax liability was $5000, and you had $6000 withheld during the year, your refund would be $1000 without the EV tax credit, and $6000 with the EV tax credit. During that time, Toyota has created a tremendous value chain as our teams have contributed to world-class design, engineering, and assembly of more than 40 million cars and trucks in North America, where we have 14 manufacturing plants, 15 including our joint venture in Alabama (10 in the U.S.), and directly employ more than 47,000 people (over 36,000 in the U.S.). The Quickest and Most Fuel-Efficient RAV4 Ever Hits Dealerships this Summer 2020. Though the initial cost places the RAV4 Prime at the top of the RAV4's model hierarchy, the Prime currently qualifies for a $7500 federal tax credit from Uncle Sam. The 2021 Toyota RAV4 Prime will break ground as the most powerful and quickest RAV4 ever, hitting dealerships this summer with a starting MSRP of $38,100. Toyota’s 36-month/36,000 mile basic new-vehicle warranty applies to all components other than normal wear and maintenance items. Source: Toyota Press Release. The DPH fee for vehicles distributed by Southeast Toyota (SET) and Gulf States Toyota (GST) may vary. It’s important to keep in mind that states also offer incentives for … RAV4 Prime customers also may qualify for an $7,500 federal tax credit. 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. Other standard features include: The standard Audio Plus system comes with a 9-in. The 2021 Toyota RAV4 Prime True Cost to Own includes depreciation, taxes, financing, fuel costs, insurance, maintenance, repairs, and tax credits over the span of 5 years of ownership. The Model Y Long Range AWD starts at $49,990, and it doesn't qualify for the U.S. federal EV tax credit. In some places, the vehicle may be eligible for High Occupancy … The Qualified Plug-In Electric Drive Motor Vehicle Credit can be worth up to $7,500 in nonrefundable credit. If so, it would qualify for the full $7,500 federal tax credit. Cookies help us deliver our Services. touchscreen and Amazon Alexa integration, as well as Android Auto and Apple CarPlay compatibility, Exclusive 19-in. While the new RAV4 Prime costs more than the standard hybrid model, buyers are eligible for a federal tax credit of $7,500. PLANO, TX (May 29, 2020) – The 2021 Toyota RAV4 Prime will break ground as the most powerful and quickest RAV4 ever, hitting dealerships this summer with a starting MSRP of $38,100. And about $65,000 a year for a single person. Individual states have additional incentives that can be either be applied at time of purchase or via a rebate program, depending on the state. Piano black exterior accents and a painted grille/diffuser complete the premium look. Only those people with a tax liability >= $7500 would be able to take advantage of the full EV tax credit. Please check your email to validate your sign up. Even more, what sets RAV4 Prime apart is the standard Electronic On-Demand AWD. As on the current RAV4 Hybrid XSE, the Prime version (starting MSRP of $41,425) of this grade stands apart with an available two-tone exterior paint scheme pairing a black roof with select colors, including the striking new-to-RAV4 Supersonic Red. painted and machined alloy wheels and an exclusive front grille design with a front lower spoiler. the tax credit. Federal Tax Credit Toyota has priced the 2021 RAV4 Prime at $38,100 for the SE trim and $41,425 for the XSE trim. For more information about Toyota, visit www.toyotanewsroom.com. To download these materials, you must agree to abide by these terms. With options, the price can balloon to over $47,000. The RAV4’s first-ever plug-in model has up to 302 horsepower with an ability to do 0-60 mph in a projected 5.7 seconds, which makes it the quickest four-door model in the Toyota lineup. Toyota Limited Warranty The RAV4 Prime is also quick to accelerate to highway speeds and gets strong scores in regard to comfort, interior quality and technology. The RAV4 Prime SE, with the full federal tax credit, is $31,720, a more reasonable $2,250 extra over the RAV4 Hybrid. What other states have refundable ev/phv tax credits. Available Federal Tax Credit: To achieve a range of 39 miles, the RAV4 Prime likely has at least a 16 kWh battery pack. RAV4 Prime customers also may qualify for an $7,500 federal tax credit. RAV4 Prime customers also may qualify for an $7,500 federal tax credit. The $40,000 starting price is … There is also an available Premium Audio multimedia system that includes Dynamic Navigation (3-year trial included) and JBL speaker system. [email protected], For customer inquiries, please call: 800-331-4331. Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. and North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands. The RAV4 Prime also has a manufacturer-estimated 90 combined MPGe. Here is an example of what it takes to get a a full $7500 credit. 2019 Toyota RAV4 Hybrid - Best Car To Buy 2020 Considering only the federal tax credit, the RAV4 Prime XSE adds up to $35,045. If the cost of a new vehicle is $48,000, and the value of your trade-in is worth $6,000, you can't receive the tax exemption. The RAV4 Prime XSE starts at $42,545, plus an extra $3,765 if you want the Premium package. The RAV4 Prime also has up to a manufacturer-estimated 94 combined MPGe. All Toyota RAV4 models come equipped with standard Toyota Safety Sense (TSS 2.0), which groups a long roster of active-safety technologies and capabilities: The XSE Premium Package adds Rear Cross Traffic Braking (RCTB) and Front and Rear Parking Assist with Automated Braking (PA w/AB). Available options for the XSE grade include. Toyota Financial Services Issues Fifth Green Bond, Reinforcing Toyota’s Commitment to Sustainability. touch-screen, the largest ever offered on a RAV4. Enter your email address below to sign up for email alerts. If you’re wondering how you get the rebate, most dealers will … Nicky Hamila Combine that with a Federal Tax Credit … Family of 4 with no other tax credits except child tax credit. The use of these materials for advertising, marketing or any other commercial purpose is prohibited. The 2021 RAV4 Prime, however, is eligible for a $7,500 federal tax credit. Additional 60-month warranties cover the powertrain for 60,000 miles and against perforation from corrosion for 60 months with no mileage limitation. Individual state incentive information can be found at https://afdc.energy.gov/laws/state. You are already subscribed, your mailing lists have been updated. For email alerts want the Premium look Navigation ( 3-year trial included ) and JBL speaker system enter your address... Gst ) may vary a single person battery is covered for 10 miles! And about $ 65,000 a year for a $ 7,500 federal tax credit compatibility, exclusive 19-in 65,000 a for. Please check your email address below to sign up maintenance items it would qualify rav4 prime tax credit an $ 7,500 in credit... $ 65,000 a year for a $ 7,500 federal tax credit the use of cookies.Learn more to validate your up. Manufacturer-Estimated 94 combined MPGe tax liability > = $ 7500 credit Audio system... 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