But there's a catch.
With a starting price of $27,700, the 2022 Toyota GR 86 is a true sports car bargain - especially as it costs only a few hundred dollars more than the last-generation model, despite its improvements. Once again, Toyota proves that you don't have to break the bank to have fun in a sports car.
Just one week after pricing details were announced, Toyota is already offering a rebate for the entry-level sports car. According to a dealer bulletin seen by CarsDirect, 2022 Toyota GR 86 buyers can get a cash rebate of up to $500 - but there is a catch.
In Southern California, every version of the 2022 Toyota GR 86 offers $500 in TFS APR Cash as a bonus for financing with Toyota Financial Services. However, the rebate is only available with Toyota Financial Services, so if you want to use other financial services or prefer to lease, you're out of luck. Toyota's rebate offer ends on November 30.
However, you can get a better deal on its platform sibling, the Subaru BRZ. Subaru is currently offering 2.49% APR for 72 months, meaning a $35,000 BRZ would cost around $37,716. A $35,000 Toyota 86, on the other hand, would cost $40,005 even with the $500 rebate and an estimated rate of five percent.
Even without a rebate, the new Toyota GR 86 offers terrific value for money. Toyota's RWD sports car is powered by a more potent 2.4-liter flat-four engine producing 228 hp and 184 lb-ft of torque, paired with either a six-speed manual or six-speed automatic transmission. For comparison, the last-generation model was rated at 205 hp/156 lb-ft.
Opting for the automatic transmission increases the starting price to $29,200, while the GR 86 Premium trim costs $30,300 with a manual transmission and $31,800 with an automatic - all prices exclude destination charges. The 2022 Toyota GR 86 will go on sale this December.