Automotive News reported earlier today, (Aug. 26,2013) that Toyota is offering a new enticing lease or purchase option for its 2013 Toyota Rav4 EV. In a bid to move more units as soon as possible, a three year $299 a month lease or five year no interest loan are now on the table.
Back in 2010, Toyota made a strategic $50 million investment in the Palo Alto based electric vehicle company Tesla. And since then, their 2.4 percent stake in the company has grown five-fold due to Tesla’s stock price rising and consumer confidence and interest in Tesla’s vehicles growing every fiscal quarter.
Not many people know that they have an opportunity to own or lease a piece of Tesla technology as the battery pack and motor are all made and manufactured by Tesla.Being all electric, the 2013 Toyota Rav4 EV’s battery pack is located low under the floorboards in the vehicle chassis, actually improving handling over the gas version. Its electric motor is capable of an equivalent of 154 HP and 220 lbs-ft of torque, enough to propel the Rav4 from zero to 60 in seven seconds. Total range comes in at an EPA rated 103 total miles and total charge time is six hours on 220 volts (or an 80 percent charge in 5 hours).
The lease option is certainly a tempting offer but hopefully with enough federal, state and dealership discounts, the zero percent interest loan can become more enticing.
With a starting MSRP of $49,800, only 709 units have been sold since July.
In the Fresno area, hit up Micheal Toyota to inquire on current offers. Alternatively, you can give them a call at 559-431-6000.
Source: Automotive News