Tesla has never been this generous.
The all-new 2021 Toyota Mirai looks dramatically different than its predecessor. With stunning new looks, the second-gen model rides on the same rear-wheel-drive platform as the Lexus LS flagship sedan. But what hasn't changed is that it's a hydrogen fuel cell vehicle, albeit with a much-improved powertrain. Toyota hopes that the new Mirai will lure away some Tesla customers and, perhaps, even bring in some first-time electric vehicle buyers. And now the Japanese automaker is making an offer many of those customers may not be able to refuse.
CarsDirect reports the 2021 Mirai is now being offered with a $10,000 discount that can be combined with 0 percent APR financing for 60 months.
Both Mirai trims (XLE and Limited) are eligible though buyers are required to take out a loan through Toyota Financial. Also, this offer is just for Californian residents, which makes sense because it's the only state with a hydrogen-fueling infrastructure. All the more impressive is that the new Mirai already costs over $9,000 less than the outgoing model, now starting at $50,495.
It's also important to note the $8,000 Alternative Motor Vehicle Credit, aka a hydrogen car tax credit, has been extended by one year and will now expire on December 31, 2021. Combined, Mirai buyers in California are looking at $18,000 in potential savings. To compare, a brand new Tesla Model S only begins at nearly $70,000.
However, the APR offer can be had only when buying, not leasing. Unfortunately, Toyota is not offering attractive Mirai lease incentives at the moment. The best one can do is $1,750 in factory lease cash, and it's only available on the pricier Limited trim. These offers are set to expire on February 1, 2021.
But if California buyers are still undecided between a new Mirai and a Model S, then consider this: both the Mirai and Model S (Long Range Plus) have a 400-mile range. Factor in this month's discount and the choice couldn't be more obvious.