A Toyota Prius lease costs between $300 and $500 a month, depending on trim level, negotiated sale price, size of down payment, and credit score.
Launched in 1997, the Toyota Prius was the world’s first mass-market hybrid. Since then, it has remained a mainstay in the electric vehicle and hybrid communities. If you’d like to enjoy Prius’ fuel-saving capability without the commitment of a car loan
, leasing may be a great option for you. You should be aware that leasing comes with more restrictions than a traditional car loan—but in return, you get to drive an optimal vehicle for a lower average monthly payment.
Ready to sign up for a Toyota Prius lease? Here to answer all of your questions is Jerry
, the #1 rated car insurance
app. We’ll go over how leases work, how much you can expect to pay per month, and what to expect when you reach the end of your lease agreement. Plus, we'll give you tips to help lower your Toyota Prius insurance costs
. How to lease a Toyota Prius
Leasing a Toyota Prius is a fairly straightforward process, but we’ve made it even easier! Follow this checklist, and you’ll be set up to find the best price on a Prius lease.
Start by checking your credit score. If you have a good credit score—anything above 650—you’re in a position to find a good lease deal, while anything under 630 is considered poor. If your score is under 520, you likely won’t qualify.
Figure out your leasing budget. You should aim for a monthly payment that’s no more than 15% of your income. If you make $4,000 a month, you can afford a lease payment of up to $600—but if you can get closer to $400 (10%), you’ll be in even better shape.
Estimate how much you can pay up front. A sizable down payment can help bring down your monthly costs. You might even consider waiting a few months to save up a little extra cash so you can afford the best deal.
Calculate your annual mileage. You can lease a Toyota Prius with an annual mileage limit of 10,000, 12,000, 15,000, or 18,000 miles. If you have a lengthy commute or plan to take your Prius on a road trip, best to do the math to see if those mileage limits will serve you.
Once you’ve got a grip on your finances, it’s time for the fun part: head to your local Toyota
dealership to compare lease offers. Deciding on a budget beforehand puts you in the position to estimate which Prius you can afford and helps you negotiate the best deal when it’s time to sign on the dotted line. MORE: Easy things you can do to improve your credit score quickly and over time
The final step: shop for insurance
Whether you own your Prius outright or lease it, you’ll need to insure it! Jerry
can help you with that—just download the app, enter your information, and Jerry will generate customized quotes from a comparison of 50+ top companies in under a minute. RECOMMENDEDNo spam or unwanted phone calls · No long forms
How much does a Toyota Prius lease cost?
The average cost to lease a Toyota Prius ranges from about $300 to $500 a month.
However, it can be difficult to calculate a car lease payment—your exact cost will depend on certain factors like the trim level and options you choose, the term of your lease, the down payment, and your credit score. You will also see variations based on your location and the time of year since leasing offers change seasonally.
Vehicle trim level is a considerable factor in determining how much you can expect to pay to lease a Prius. You’ll save money by sticking to the base LE
trim, but if you opt for the XLE or the luxe Limited trim, or if you opt for Prius Prime
—Prius’ all-electric, plug-in model—your monthly payment will go up.
Let’s take a look at how your monthly payment and amount due at signing can vary by comparing the base model with Prius Prime, the most expensive option. To keep things simple, we’ll assume you have great credit (690-719), and opt for a 36-month lease with 12,000 annual mileage:
The other discernible factor in determining your payment for a 2022 Prius lease is your credit score. Let’s take a peek at how monthly costs for your Prius will change based on the strength of your score. Again, we’ll assume a 36-month lease and 12,000 annual mileage:
If you are a military member or a recent college graduate, Toyota offers a $500 rebate on all new leased Toyota vehicles.
Services included in a Toyota Prius lease
Your leased Toyota Prius will come with a ToyotaCare
maintenance plan. ToyotaCare includes free maintenance for the first two years of your lease or 25,000 miles—whichever comes first. It also includes free 24-hour roadside assistance for two years, no matter your mileage. Keep in mind that repairs due to accidents are not included in the plan. ToyotaCare only covers routine, factory-scheduled maintenance, which includes:
Multi-point inspection (a checkup for your car)
Engine oil and filter changes
Fluid level inspection and adjustment
Toyota Genuine Parts (no aftermarket parts used)
If you choose a 24-month lease term, ToyotaCare will be included for the full duration of your lease. If you choose a longer lease term, you’ll be responsible for any routine maintenance after two years or 25,000 miles.
What to do when your Toyota Prius lease is up
When the term of your Toyota lease ends, you’ll have three options. You can:
How to return a leased Toyota Prius
If you’re ready to say goodbye to your Prius—or trade it in for another one—you can simply return the car. Follow Toyota’s return checklist
for an easy return process. Start by examining the vehicle for excess wear and tear. Toyota’s Lease-End Guide
tells you everything you need to know about what’s covered in your lease. In general, if there are dents, scratches, or cracks larger than a credit card, you’ll be charged for excess wear and tear—unless you purchased Excess Wear & Use Protection. Make any necessary repairs to the vehicle, and then call AutoVin at (855) 40-MY-TFS to schedule your inspection. It’s wise to schedule the inspection about 15 to 60 days before your lease term is up.
After your Prius passes inspection, you can call your local Toyota dealer to schedule a return appointment. At the appointment, you’ll have to sign an odometer statement, and if you don’t plan to lease another Toyota, you’ll pay a disposition fee—usually up to $350.
MORE: How to prepare a car for inspection when returning a lease
How to purchase a leased Toyota Prius
One perk to buying out your Toyota Prius lease is that from the 2020 model year forward, every Toyota hybrid battery comes with a warranty of 10 years or 150,000 miles—whichever comes first. You can rest assured that your new purchase will be dependable for many years to come.
If you decide to keep your Prius, you can request a payoff quote through Toyota Financial Services, or call 1-800-286-0652.
MORE: How to get a hybrid or electric car tax credit
How to find the best car insurance for a Toyota Prius lease
Want to find the best insurance for your leased Toyota Prius? It’s simple: just download the Jerry app, and you’ll have access to the best quotes based on a comparison of 50+ top insurance companies in seconds.
Jerry
is a licensed car insurance
shopper and broker app with partnerships with all the top insurance companies. When you enter your information in the trustworthy super app
, we won’t just give you generic quotes: you’ll get customized options that fit your needs.Jerry is all about transparency and putting our customers first. We never sell your information, and we’ll never call you—unless you want us to! And want to know the best part? On average, Jerry users save $800+ a year on their car insurance!
“Jerry
blew my mind, honestly. From start to finish, using the app took me 10 minutes and I ended up with $100 of savings a month. Best of all, customer service answered all my questions about rental car reimbursement and roadside assistance.” —Savanna R.
RECOMMENDEDThis app is great, but the customer service is even better! Not to mention convenient! My husband and I got the lowest rate (much lower than the rates I was finding online through my own searches), quickly, and pretty much all through text message! Thank you so much for a hassle free experience👍