One of the more interesting vehicles that Toyota produces isn’t available everywhere. The vehicle is the Toyota Mirai, and it’s a green car powered by a hydrogen fuel cell. The vehicle launched two months ago and carries an MSRP of around $50,000. It’s only sold in areas where there is a hydrogen fueling infrastructure, meaning certain parts of California.
Toyota wants people to buy the fuel cell-powered car and is offering a massive $20,000 discount off the MSRP. Along with that massive discount, buyers can also get zero percent APR financing for six years. While $20,000 certainly sounds like a big discount, it’s easier for many people to think about monthly payments.
It would work out to somewhere around $139 per month less in payment, thanks for the no-interest financing alone compared to higher rates. Then you get to chop the $20,000 discount off along with any available state and federal rebates for electric vehicles.
The 2021 Mirai starts at $50,495, including the destination charge. Chop the $20,000 off, and that brings the car to $30,495. It’s only sold in California and qualifies for the California Clean-cut vehicle Rebate of $4500, making it $25,995.
That means the green fuel-cell-powered car is essentially priced on par with the Prius. Those who prefer to lease such a strange vehicle can also get over $9000 off on the car. Making the deal even sweeter, Toyota is still offering a $15,000 fuel credit. This means that the Mirai, which looks very expensive at first glance, is one of Toyota’s most affordable green vehicles.
So if I lease, I pay 16k and get 15k free fuel? So the whole car cost 1k to drive until the fuel runs out? Where do sign up?