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Toyota RAV4 EV Lease And APR Interest Cost Halved!

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The cost to lease the Toyota RAV4 EV was just halved from $600 per month to $300 per month over the same 3-year term.

Toyota Rav4 EV Photo courtesy of Toyota

Electric Toyota RAV4.
Image Credit: Toyota.

Those paying $600 may be upset. However, it is great news, apart from that. They didn’t reduce the purchase price of the vehicle, but they did reduce the 1.9% APR financing option to 0% interest.

So far, Toyota has sold only 709 RAV4 EVs, so the APR interest reduction may be an effort to compensate for slow sales. Its goal is to sell 2,600 by 2014. At the previous  sales rate (at which they had the 1.9% APR rate) they wouldn’t come close to achieving the 2,600 car goal.

Source: Green Cars Reports

 
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Has a keen interest in physics-intensive topics such as electricity generation, refrigeration and air conditioning technology, energy storage, and geography. His website is: Kompulsa.com.

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