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Reading: Toyota ups the ante on the 2024 bZ4X, introducing a premium pricing strategy alongside an attractive financing deal.
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The Future Automobile > Electric Cars > Toyota ups the ante on the 2024 bZ4X, introducing a premium pricing strategy alongside an attractive financing deal.
Electric Cars

Toyota ups the ante on the 2024 bZ4X, introducing a premium pricing strategy alongside an attractive financing deal.

6 months ago 5 Min Read
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Toyota is raising the price of the 2024 bZ4X with a special financing offer
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The 2024 Toyota bZ4X is priced similarly to its predecessors. Toyota is offering a special financing rate to make the offer even more appealing.

Toyota’s only electric vehicle in the US market is experiencing a price increase. According to the latest order updates, the 2024 Toyota bZ4X’s price tag is set to increase by approximately $1,070 compared to its current model.

The base 2024 Toyota bZ4X XLE has a manufacturer’s suggested retail price (MSRP) of $43,070, excluding destination fees, representing a $1,070 increase from the 2023 model year’s starting price of $42,000.

The base price for the all-wheel-drive (AWD) variant starts at $45,150. The cost increase of $1,070 is also being taken into account. For now, the 2024 Toyota bZ4X’s limited edition starts at a price of $47,180 for the RWD variant and rises to $49,260 for the all-wheel-drive trim. These new styles are priced at $480 more than their predecessors.

Will Toyota soon unveil the various and diverse specifications for its latest model? The 2023 XLE base model boasts an estimated range of up to 252 miles on a single charge for rear-wheel drive variants, while all-wheel-drive models are expected to achieve an impressive 228 miles of driving distance. The all-wheel drive (AWD) equipped Restricted trim offers an impressive range of up to 242 miles, or a maximum distance of approximately 222 miles, depending on the specific configuration.

2023 Toyota bZ4X (Supply: Toyota)

At a base price of $43,070, the 2024 bZ4X’s value proposition takes a slight hit, falling just $370 short of its more popular counterpart, the Toyota RAV4 Prime.

Toyota boosts 2024 bZ4X value proposition with attractive financing offer

Toyota maintains incentives for the 2024 bZ4X electric SUV despite rising costs. A recent bulletin issued to retailers this month announces a brand-new model featuring interest rates as low as 1.99% APR.

See also  The German automaker Volkswagen is issuing a recall for approximately 23,900 units of its popular ID.4 electric vehicle (EV) in the United States due to concerns about the use of non-fire-retardant materials in certain components.

This limited-time offer provides a particularly attractive 1.99% APR financing option until December 5, available for up to 72 months. The specifications remain unchanged from last year’s model (2022 Model Year), being identical in every way.

2024 Toyota bZ4X trim Beginning worth
(excluding dest.)
XLE $43,070
XLE AWD $45,150
Restricted $47,180
Restricted AWD $49,260
The 2024 Toyota bZ4X’s starting price is (Source: Vehicles Direct).

This regional deal has been proven effective in cities such as LA, San Francisco, and Denver, among others. Some metropolitan areas, such as Houston and Kansas City, offer auto loan rates of 3.99% over a 48-month period. For a limited time, customers can enjoy flexible financing options, including 4.99% APR for 60 months and 5.49% APR for 72 months.

The charges may well make a significant difference. According to estimates, a 6-year mortgage on a $45,000 Toyota BZ4X is projected to yield an additional $5,100 in value in Texas compared to California.

A new analysis suggests that the bZ4X could save buyers around $7,000 in financing costs compared to a similarly priced Tesla Model Y? The financing costs for Tesla’s six-year plan come in at a competitive rate of 6.69 percent. Despite this, Tesla still enjoys a significant advantage due to its eligibility for the IRA tax credit.

Toyota-2024-bZ4X-price
2023 Toyota bZ4X interior (Source: Toyota)

The Tesla Model Y starts at $45,380 before federal and state tax credits apply. The sticker price exceeds that of the 2024 Toyota bZ4X by approximately $1,500, including destination costs. The Toyota bZ4X’s range is matched by the Mannequin Y, which boasts an impressive 260 miles of driving distance. For a price of $48,990, you’ll receive the Mannequin Y Lengthy Vary, boasting an impressive range of up to 330 miles.

See also  Honda and Nissan reportedly near historic electric vehicle merger to stay afloat amidst accelerating industry electrification.

Toyota can still utilise a loophole for commercial vehicles to move the $7,500 tax credit score for leases in the meantime.

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TAGGED: Electric, Electric Car, Electric Vehicles, Toyota, Toyota bZ4X
TheFuture Automobile November 19, 2024 November 19, 2024
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