Toyota RAV4 Limited Lease
The cost to lease a Toyota RAV4 Limited ranges from $500 to $900 a month. Learn more about leasing a RAV4 here.
Written by Melanie Johnson
Reviewed by Jessica Barrett
A
Toyota RAV4 Limited
lease may cost between $500 and $900 a month, depending on your credit score, the negotiated price, and the size of your down payment. The Toyota RAV4 is one of the most popular compact SUVs on the market. There are several trim levels to consider, but if you’re looking for one with all the bells and whistles, consider a RAV4 Limited. If you’d like to take advantage of Toyota’s highest trim level without the commitment of a
car loan
, leasing a RAV4 Limited might be the perfect option for you. Leasing can come with more restrictions than a traditional car loan, but in return, you get to enjoy the vehicle during its best years—and for a lower average monthly payment.
Ready to find out more about Toyota RAV4 Limited leases?
Jerry
, the top-rated car insurance
app in the App Store, is here to walk you through the whole process. Read on for an overview of how leases work and how much you can expect it to cost. We’ll also cover what to do at the end of your lease term.Find out if you can reduce your monthly car payments in minutes
* checking your rate won’t affect your credit score
Check your rate
* checking your rate won’t affect your credit score
How to lease a Toyota RAV4 Limited
You may be tempted to make your way over to the nearest dealership and lease the first vehicle that catches your eye—but don’t! Instead, follow this checklist to get the best deal on your Toyota RAV4 Limited lease.
- First,check your credit score. If it’s under 520, you probably won’t qualify, and anything under 630 is considered poor. A score above 650 puts you in a strong position for a great lease deal.
- Then, determine your leasing budget. It’s best to aim for a monthly payment that’s no more than 15% of your income—10% is even better. For example, if you make $4,000 a month, your monthly lease payment should be no more than $600. If you can get it closer to $400, that’s even better.
- Next, estimate your down payment. Also known as a capitalized cost reduction, your down payment will reduce your monthly payment. If you can’t put down a substantial amount (a couple thousand, at least), it may be worth waiting a few months to save up a little extra to benefit from the best deal.
- Finally, calculate your realistic annual mileage. You can opt for an annual mileage plan of 10,000, 12,000, or 15,000 miles. If you drive a lot or plan to take your RAV4 Limited on some big trips, it’s wise to decide if these mileage limits will work for you.
Now that you’ve finished the checklist, it’s time to head to the Toyota dealership to
compare lease offers
. Yay! Pro Tip Being clear on your budget beforehand allows you to estimate which RAV4 you can afford and will help you negotiate the best deal.
The final step: shop for insurance
Don’t forget to protect your gorgeous new RAV4 Limited with the right car insurance policy!
The
Jerry
app can help you with that. Just download the app, enter all of your information, and Jerry will scan personalized quotes from over 50 name-brand insurers in seconds, delivering the best deals straight to you. How much does a Toyota RAV4 Limited lease cost?
The cost to lease a Toyota RAV4 Limited ranges from about $500 to $900 a month. But your exact cost will depend on various factors, like the options or add-ons you select, your credit score, the length of your lease, and your down payment.
Leasing offers vary—the time of the year may affect how much you can expect to pay, as well as your location.
Trim level is another factor in determining how much you’ll pay to lease a RAV4. Since the RAV4 Limited is the highest trim level, you can expect to pay more per month than if you were to opt for a base model
Toyota RAV4 LE
or an Toyota RAV4 XLE
.Let’s take a look at how your monthly payment and amount due at signing may vary by comparing two RAV4s—the Limited and the Hybrid Limited.
To keep things simple, we’ll assume you have great credit (690-719), and opt for a 36-month lease with 10,500 annual mileage.
Trim level | Monthly payment | Amount due at signing |
|---|---|---|
Limited | $565 | $1,215 |
Hybrid Limited | $626 | $1,276 |
Find out if you can reduce your monthly car payments in minutes
* checking your rate won’t affect your credit score
Check your rate
* checking your rate won’t affect your credit score
Credit score is the other determining factor in your 2022 RAV4 Limited lease payment.
Let’s consider how the monthly costs for your Limited may change based on your score. Again, we’ll assume a 36-month lease and 10,500 annual mileage.
Credit score | Monthly payment |
|---|---|
520 to 579 | $875 |
580 to 609 | $806 |
610 to 629 | $771 |
630 to 649 | $724 |
650 to 669 | $658 |
670 to 689 | $606 |
690 to 719 | $580 |
720+ | $565 |
Pro Tip You could qualify for a $500 rebate if you’re an active or retiredmilitary memberor are arecent college graduate.
Services included in a Toyota RAV4 Limited lease
A
ToyotaCare
maintenance plan is included in every RAV4 Limited lease. The plan includes free routine maintenance for the first two years or 25,000 miles (whichever comes first), as well as complimentary 24-hour roadside assistance.Since ToyotaCare only covers routine maintenance, repairs due to accidents are not included.
Here’s what is:
- Multi-point inspection
- Tire rotations
- Engine oil and filter changes
- Fluid level adjustments
If you choose a two-year lease, ToyotaCare will be included for the entirety of your lease. If you choose a longer term, you’ll be responsible for paying for any routine maintenance after the first two years or 25,000 miles.
What to do when your Toyota RAV4 Limited lease is up
When you find yourself at the end of your Toyota lease, you’ll have three options:
- Return your RAV4 and lease a new vehicle
- Request a payoff quote and buy the car
How to return a leased Toyota RAV4 Limited
If you’re ready to part ways with your RAV4 Limited or trade it in for another vehicle, you’ll want to follow Toyota’s
return checklist
for a breezy return process. Make sure to examine your RAV4 Limited for wear and tear. Toyota’s
Lease-End Guide
defines the amount of damage that’s acceptable. In general, if there are scratches, cracks, or dents bigger than a credit card, you’ll be charged more. These charges may be waived if you purchased Excess Wear & Use Protection
. After you’ve assessed your vehicle for damage, you must make all necessary repairs, then call AutoVin at (855) 40-MY-TFS to schedule your vehicle inspection.
Once your lease passes inspection, you may call the dealer you leased from to schedule a return appointment. When you turn the vehicle in, you’ll have to sign an odometer statement and pay a disposition fee of up to $350. The fee is waived if you lease another Toyota, though.
Pro Tip Make sure to schedule your inspection about 15 to 60 days before your lease term is up.
How to purchase a leased Toyota RAV4 Limited
Toyotas are known for their reliability and popularity—and the RAV4 is no exception. The RAV4 outsells nearly every other small SUV on the market, which suggests good resale value. This is just one reason you might consider purchasing your RAV4 at the end of your lease term.
If you decide you want to purchase your RAV4 Limited at the end of your lease, you can request a payoff quote through Toyota Financial Services or by calling 1-800-286-0652. The payoff amount may also be detailed in your initial lease paperwork.
How to find the best car insurance for a Toyota RAV4 Limited lease
Finding the right coverage for your leased Toyota RAV4 Limited is easier than ever. Download the
Jerry
app, answer a few quick questions, and you’ll have access to the best quotes from 50+ top insurance companies in less than a minute.Jerry contacts your insurance company to get the details of your current coverage so you don’t have to scale a mountain of questions. You get all the best prices and coverage with none of the legwork. And if that isn’t enough, Jerry can even help cancel your old policy.
So, how much do Jerry users save? We’re glad you asked. On average, Jerry users save $887 a year on
car insurance
. “By usingJerry, I found a policy that HALVED my monthly expense! Best of all, they helped cancel my policy and got me a refund on my premium. This app is a lifesaver.” —Josiah T.
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