The discount can potentially get even higher.
The all-new second-generation 2021 Toyota Mirai is a stunning sedan powered by hydrogen fuel cell technology. Its predecessor shares that powertrain system but not the gorgeous styling. Introduced in 2014, the original Mirai may look somewhat futuristic but it's far from pretty. Only around 11,000 or so examples were sold, a figure Toyota hopes to surpass with the new model. And just as the 2021 Mirai is about to start arriving in dealerships, it appears there are still some unsold first-gen examples Toyota is desperate to get rid of.
According to a bulletin sent to dealerships in California, the only state where the Mirai is sold, buyers are being offered a $32,000 rebate along with 0 percent financing. MSRP: nearly $59,000.
The $32k credit, discovered by CarsDirect, can only be had when taking out a loan through Toyota Financial. What isn't being advertised is that buyers can combine this incentive with zero-interest for 72 months. No other vehicle on sale in the US right now has a discount anywhere as big as this. And there's more. The Golden State has what's called the Clean Vehicle Rebate which offers $4,500 in savings. Toyota also continues to offer a hydrogen refueling credit worth $15,000.
Add it all up and that's $51,000 in potential savings, not to mention six years of no interest. California residents who don't mind the old Mirai's funky looks and simply want an amazing deal on an ultra-fuel-efficient vehicle (312 miles of range), need to act fast.
Inventory is quickly dwindling and can be hard to find in some parts of the state. Leasing one of these outgoing Mirais probably isn't in the customer's best interest because, oddly, the available discounts differ depending on where one lives. For example, customers in Northern California have an $8,000 leasing discount, but those in Southern California will find a $7,750 price cut.
The new Mirai is sure to quickly overshadow its predecessor - and not just because of the design. It costs $9,000 less in base trim and Toyota is already offering 0 percent financing for 60 months and a $10,000 APR credit. It will also remain eligible for an $8k hydrogen tax credit.