2022 Toyota Tundra Prices

Rates and payment breakdown for leasing, finance or cash

The new Toyota Tundra is finally here with many different trim levels! It includes a 14″ touch screen with inbuilt navigation system and leather seats on the higher models; this truck has something for everyone.

The exterior design features an aggressive look while still maintaining spacious interior roominess thanks to its huge windows. It is fun to drive even on rough terrains like snow covered roads or dirt paths where other vehicles would lose traction easily!

Compare the trims and features to our 2022 Toyota Tundra Trim Levels Guide before you buy.

There are several options when it comes to finance. Examine the pricing and expected pricing below to determine which one is best for you.

Please note the following about the payment and pricing on this page before you continue:

  • This table includes a document fee of $598 plus tax, which is not included on Toyota’s website. Actual pricing may vary depending on the dealer’s fees and costs. For reference, BC-based taxes have been added.
  • Pricing information is collected from the Toyota Canada website for the time period displayed at the bottom of the table. Rates and pricing is for reference purposes and pricing or rates may change without notice.
  • Always check with Toyota Canada for the most up-to-date information in the event of a discrepancy.

Please see the guide below for leasing, finance or cash prices for this vehicle.

Cash & Financing Breakdown

For people who want an efficient pickup truck with a strong engine, the Toyota Tacoma is ideal. The preceding table displays the financing options and prices for you, so have a look!

Tundra CrewMax PricingSR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
MSRP Price$50,290$53,990$54,350$56,090$56,290$56,650$62,745$63,105$65,490$65,850$73,245$73,350$74,190$74,550
Estimated All-in Price*$59,252$64,516$64,926$67,491$67,721$68,135$74,851$75,558$78,301$78,715$87,219$87,340$88,306$88,720
Finance ratesSR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
3 year term4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%
4 year term4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%
5 year term4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%
6 year term4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%
7 year term4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
3 year finance w/ $0 down (monthly)$1,762$1,919$1,931$2,007$2,014$2,026$2,226$2,247$2,329$2,341$2,594$2,598$2,626$2,639
Payment reduction (per $1k downpayment)$29.7$29.8$29.7$29.7$29.7$29.7$29.8$29.7$29.8$29.7$29.8$29.7$29.7$29.7
Cost of borrowing (Annual)$1,397$1,521$1,531$1,591$1,597$1,606$1,765$1,781$1,846$1,856$2,056$2,059$2,082$2,092
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
4 year finance w/ $0 down (monthly)$1,359$1,480$1,489$1,548$1,553$1,563$1,717$1,733$1,796$1,805$2,000$2,003$2,025$2,035
Payment reduction (per $1k downpayment)$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9
Cost of borrowing (Annual)$1,494$1,627$1,637$1,702$1,707$1,718$1,887$1,905$1,974$1,985$2,199$2,202$2,226$2,237
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
5 year finance w/ $0 down (monthly)$1,112$1,211$1,219$1,267$1,271$1,279$1,405$1,419$1,470$1,478$1,638$1,640$1,658$1,666
Payment reduction (per $1k downpayment)$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8
Cost of borrowing (Annual)$1,499$1,632$1,643$1,708$1,713$1,724$1,894$1,912$1,981$1,992$2,207$2,210$2,234$2,245
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
6 year finance w/ $0 down (monthly)$954$1,039$1,045$1,087$1,090$1,097$1,205$1,217$1,261$1,267$1,404$1,406$1,422$1,428
Payment reduction (per $1k downpayment)$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1
Cost of borrowing (Annual)$1,572$1,712$1,723$1,791$1,797$1,808$1,986$2,005$2,078$2,089$2,315$2,318$2,343$2,354
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
7 year finance w/ $0 down (monthly)$837$912$917$954$957$963$1,058$1,068$1,106$1,112$1,232$1,234$1,248$1,254
Payment reduction (per $1k downpayment)$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1
Cost of borrowing (Annual)$1,582$1,722$1,733$1,802$1,808$1,819$1,998$2,017$2,090$2,101$2,328$2,331$2,357$2,368
Tundra Double Cab PricingSR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
MSRP Price$44,990$45,490$48,290$51,990$52,490$54,090$54,290$60,490$63,490
Estimated All-in Price*$53,316$53,876$57,012$61,156$61,716$64,630$64,858$72,551$76,001
Finance ratesSR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
3 year term4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%4.49%
4 year term4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%
5 year term4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%4.79%
6 year term4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%
7 year term4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%4.99%
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
3 year finance w/ $0 down (monthly)$1,586$1,602$1,696$1,819$1,836$1,922$1,929$2,158$2,260
Payment reduction (per $1k downpayment)$29.8$29.7$29.7$29.7$29.7$29.8$29.8$29.7$29.7
Cost of borrowing (Annual)$1,257$1,270$1,344$1,442$1,455$1,524$1,529$1,710$1,792
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
4 year finance w/ $0 down (monthly)$1,223$1,236$1,308$1,403$1,415$1,482$1,487$1,664$1,743
Payment reduction (per $1k downpayment)$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9$22.9
Cost of borrowing (Annual)$1,344$1,358$1,437$1,542$1,556$1,629$1,635$1,829$1,916
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
5 year finance w/ $0 down (monthly)$1,001$1,012$1,070$1,148$1,159$1,213$1,218$1,362$1,427
Payment reduction (per $1k downpayment)$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8$18.8
Cost of borrowing (Annual)$1,349$1,363$1,442$1,547$1,562$1,635$1,641$1,836$1,923
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
6 year finance w/ $0 down (monthly)$858$867$918$985$994$1,041$1,044$1,168$1,224
Payment reduction (per $1k downpayment)$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1$16.1
Cost of borrowing (Annual)$1,415$1,430$1,513$1,623$1,638$1,715$1,721$1,925$2,017
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
7 year finance w/ $0 down (monthly)$753$761$806$864$872$913$916$1,025$1,074
Payment reduction (per $1k downpayment)$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1$14.1
Cost of borrowing (Annual)$1,423$1,438$1,522$1,632$1,647$1,725$1,731$1,937$2,029

How to calculate payment with downpayment included?

The ‘Payment reduction (per $1k downpayment)’ amount is included for this purpose. To give you an example, let’s say you are looking a 5-year lease and the payment is listed in the table like this:

Payment w/ $0 down – $677

Reduction per $1k down – $21.4

This shows you that the payment for 5 years is $677 per month. If you put down a $1,000 deposit, the cost will be reduced by $21.40, resulting in a monthly price of $655.60.

You can simply increase the amount if you want to add more. For example, $5k down payment amounts to $21.40×5, which equals $107. In this case, the monthly payment is $507 with a $5k downpayment on a 5-year lease.

Cost of Borrowing: What is this?

This is how much money you pay based on the stated interest rate. The amount is determined by adding up all of the monthly payments and then adding them to the lease end value with tax included, then subtracting this sum from the all-in full cash total. The monthly leasing cost is typically higher when you opt for a longer lease term or if the lease rate is high.

Leasing Payment Breakdown

The Toyota Tundra is a great choice for drivers who love to drive. Find out how much you could be paying as a monthly lease payment with this table of rates!

Tundra CrewMax Lease ratesSR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
2 year term5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%
3 year term5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%
4 year term5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%
5 year term5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%
Security Deposit (Max amount)$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
2 year lease w/ $0 down (monthly)$1,007$1,115$1,146$1,164$1,167$1,200$1,309$1,350$1,366$1,402$1,545$1,580$1,563$1,604
Payment reduction (per $1k downpayment)$49.2$50.0$50.0$50.5$0.0$50.5$50.5$50.5$50.5$50.5$50.5$50.5$50.5$50.5
Cost of borrowing (Annual)$2,740$2,592$2,597$2,520$2,528$2,534$2,783$2,799$2,911$2,916$3,230$3,222$3,270$3,273
Lease end buyout value$36,209$38,333$38,045$39,824$39,966$39,655$43,743$43,542$45,843$45,437$50,539$49,878$51,191$50,694
Savings w/ Security Deposit Added (full term)$1,483$1,608$1,609$1,684$1,690$1,690$1,860$1,867$1,947$1,946$2,160$2,150$2,187$2,184
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
3 year lease w/ $0 down (monthly)$834$921$942$961$964$987$1,079$1,107$1,126$1,151$1,270$1,293$1,285$1,313
Payment reduction (per $1k downpayment)$33.7$34.3$34.3$34.6$0.0$34.6$34.6$34.6$34.6$34.6$34.6$34.6$34.6$34.6
Cost of borrowing (Annual)$2,651$2,644$2,647$2,649$2,658$2,662$2,926$2,940$3,061$3,063$3,396$3,385$3,438$3,438
Lease end buyout value$33,191$35,094$34,784$36,459$36,589$36,256$39,994$39,756$41,914$41,486$46,144$45,477$46,740$46,221
Savings w/ Security Deposit Added (full term)$2,163$2,345$2,347$2,456$2,463$2,465$2,712$2,722$2,838$2,838$3,147$3,134$3,187$3,184
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
4 year lease w/ $0 down (monthly)$766$844$860$881$884$901$987$1,009$1,031$1,050$1,160$1,177$1,174$1,196
Payment reduction (per $1k downpayment)$26.1$26.5$26.5$26.8$0.0$26.8$26.8$26.8$26.8$26.8$26.8$26.8$26.8$26.8
Cost of borrowing (Annual)$2,691$2,762$2,765$2,812$2,822$2,825$3,105$3,119$3,249$3,250$3,603$3,590$3,648$3,647
Lease end buyout value$29,671$31,314$30,980$32,532$32,648$32,291$35,619$35,339$37,329$36,876$41,017$40,343$41,546$41,003
Savings w/ Security Deposit Added (full term)$2,789$3,023$3,024$3,165$3,176$3,177$3,493$3,507$3,657$3,655$4,055$4,037$4,106$4,102
SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
5 year lease w/ $0 down (monthly)$723$794$808$830$833$847$928$947$970$986$1,090$1,103$1,103$1,121
Payment reduction (per $1k downpayment)$21.5$21.9$21.9$22.1$0.0$22.1$22.1$22.1$22.1$22.1$22.1$22.1$22.1$22.1
Cost of borrowing (Annual)$2,679$2,795$2,797$2,870$2,879$2,882$3,168$3,181$3,315$3,314$3,675$3,660$3,721$3,718
Lease end buyout value$26,151$27,535$27,175$28,606$28,708$28,325$31,245$30,921$32,745$32,267$35,890$35,208$36,353$35,784
Savings w/ Security Deposit Added (full term)$3,359$3,655$3,656$3,826$3,839$3,840$4,223$4,238$4,420$4,417$4,900$4,877$4,960$4,955
Monthly Payment (w/ security deposit)SR (5.5ft Box)SR5 (5.5ft Box)SR5 (6.5ft Box)TRD Sport (5.5ft Box)TRD Off Road (5.5ft Box)TRD Off Road (6.5ft Box)Limited (5.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (5.5ft Box)Limited TRD Off Road (6.5ft Box)Platinum (5.5ft Box)Platinum (6.5ft Box)1794 (5.5ft Box)1794 (6.5ft Box)
2 years$946$1,048$1,079$1,093$1,097$1,129$1,232$1,272$1,285$1,321$1,455$1,490$1,472$1,513
3 years$774$855$877$893$896$918$1,003$1,031$1,047$1,072$1,183$1,206$1,197$1,225
4 years$708$781$797$815$818$835$914$936$955$974$1,076$1,093$1,089$1,110
5 years$667$733$747$766$769$783$858$877$896$912$1,008$1,022$1,021$1,038
Tundra Double Cab Lease ratesSR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
2 year term5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%
3 year term5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%5.49%
4 year term5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%5.79%
5 year term5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%5.99%
Security Deposit (Max amount)$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500$7,500
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
2 year lease w/ $0 down (monthly)$915$944$973$1,060$1,092$1,117$1,121$1,272$1,328
Payment reduction (per $1k downpayment)$49.2$49.2$49.2$49.2$49.2$50.0$50.0$50.5$50.5
Cost of borrowing (Annual)$2,462$2,474$2,635$2,813$2,822$2,597$2,606$2,698$2,826
Lease end buyout value$32,393$32,298$34,769$36,913$36,743$38,404$38,546$42,343$44,443
Savings w/ Security Deposit Added (full term)$1,331$1,338$1,426$1,523$1,529$1,611$1,617$1,802$1,889
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
3 year lease w/ $0 down (monthly)$756$776$805$874$897$922$925$1,047$1,095
Payment reduction (per $1k downpayment)$33.7$33.7$33.7$33.7$33.7$34.3$34.3$34.6$34.6
Cost of borrowing (Annual)$2,382$2,394$2,550$2,722$2,731$2,648$2,658$2,836$2,971
Lease end buyout value$29,693$29,569$31,871$33,794$33,594$35,159$35,289$38,714$40,634
Savings w/ Security Deposit Added (full term)$1,943$1,952$2,080$2,221$2,229$2,349$2,358$2,628$2,754
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
4 year lease w/ $0 down (monthly)$693$709$739$801$819$845$848$958$1,002
Payment reduction (per $1k downpayment)$26.1$26.1$26.1$26.1$26.1$26.5$26.5$26.8$26.8
Cost of borrowing (Annual)$2,418$2,429$2,588$2,762$2,771$2,767$2,777$3,010$3,153
Lease end buyout value$26,544$26,384$28,491$30,154$29,919$31,372$31,488$34,479$36,189
Savings w/ Security Deposit Added (full term)$2,504$2,517$2,681$2,863$2,873$3,028$3,039$3,385$3,549
SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
5 year lease w/ $0 down (monthly)$652$666$696$753$769$796$798$900$942
Payment reduction (per $1k downpayment)$21.5$21.6$21.6$21.6$21.5$21.9$21.9$22.1$22.1
Cost of borrowing (Annual)$2,407$2,418$2,576$2,749$2,758$2,799$2,809$3,070$3,217
Lease end buyout value$23,395$23,200$25,111$26,515$26,245$27,586$27,688$30,245$31,745
Savings w/ Security Deposit Added (full term)$3,029$3,043$3,242$3,462$3,473$3,660$3,674$4,091$4,288
Monthly Payment (w/ security deposit)SR 4x2 (6.5ft Box)SR 4x2 (8.1ft Box)SR (6.5ft Box)SR5 (6.5ft Box)SR5 (8.1ft Box)TRD Sport (6.5ft Box)TRD Off Road (6.5ft Box)Limited (6.5ft Box)Limited TRD Off Road (6.5ft Box)
2 years$860$888$913$996$1,028$1,050$1,053$1,197$1,249
3 years$702$722$747$813$835$857$860$974$1,018
4 years$641$657$683$741$759$782$785$887$928
5 years$602$616$642$696$711$735$737$832$871
How to calculate payment with downpayment included?

The ‘Payment reduction (per $1k downpayment)’ amount is included for this purpose. To give you an example, let’s say you are looking a 5-year lease and the payment is listed in the table like this:

Payment w/ $0 down – $677

Reduction per $1k down – $21.4

This shows you that the payment for 5 years is $677 per month. If you put down a $1,000 deposit, the cost will be reduced by $21.40, resulting in a monthly price of $655.60.

You can simply increase the amount if you want to add more. For example, $5k down payment amounts to $21.40×5, which equals $107. In this case, the monthly payment is $507 with a $5k downpayment on a 5-year lease.

Lease end value: What is this?

You have the option to purchase out the vehicle at the end of your lease. To gain complete ownership of the car, you must pay the ‘lease end value’ to take ownership of it. Remember that this amount is taxable and that dealerships may charge additional fees to execute this procedure.

Security Deposit: What is this?

To lower the interest rate, you may add a Security Deposit when you lease a car. Doing so, the interest rate will be reduced by up to 1.5%. You can see the total accumulated amount you will end up SAVING for the entire term when a security deposit is added with the lease.

The maximum amount stipulated in the table can be adjusted to be less, but providing a lesser amount will affect the rate reduction. The deposit is, in the end, simply a deposit, and the full amount of money is returned to you at the conclusion of your lease term.

Cost of Borrowing: What is this?

This is how much money you pay based on the stated interest rate. The amount is determined by adding up all of the monthly payments and then adding them to the lease end value with tax included, then subtracting this sum from the all-in full cash total. The monthly leasing cost is typically higher when you opt for a longer lease term or if the lease rate is high.

See our breakdown of the trims and features on this:

Share This:

Leave a Reply