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Select LA/SF Dealers: 2021 Toyota Mirai Hydrogen Fuel Cell Car + $15k Fuel Card Expired

$23,100
$52,408.00
after Tax Credits & Incentives (Select Locations)
+296 Deal Score
457,791 Views
Select Eligible Toyota Dealers [Dealer Locator] located in Los Angeles / San Francisco, California are offering to Qualifying Customers: 2021 Toyota Mirai Hydrogen Fuel Cell Car + $15,000 in Complimentary Fuel for 2yrs with 0% APR for 72-Months for as low as $23,108 after Incentives and Tax Credits. Pricing and availability may vary depending on your location, consult your local eligible dealership for more information.
  • Note: Offer is valid at select participating Los Angeles / San Francisco, California locations only. Refer to the forum thread for additional deal details and discussion.
Thank to community member ExtremeOak for and reddit user XIIXOO for finding this deal.

Deal Details:
  1. Visit your local eligible Toyota Norcal Dealer [Dealer Locator]
  2. Shop for a eligible 2021 Toyota Mirai model that qualifies for the TFS Cash offer and Fuel Card offer mentioned on the page here
    • Note: Qualified buyers can finance a new 2021 Mirai at 0% APR for 72 Months.
  3. Apply for and purchase a qualifying model with prices starting from ~$50,408 (may vary by location)
  4. Toyota Cash Discount will deduct $20,000 from your total
  5. You will receive a $4,500 CA Tax Credit (more info)
  6. You will receive a $8,000 Federal Tax Credit (more info)
  7. You will also receive a Complimentary Fuel Card valid for up to 2 years or $15,000 of fuel (more info)
  8. Your total after incentives and tax credits will be as low as $23,108 and will vary depending on your location and model selection.
Additional Details:
Good Deal?

Original Post

Written by
Edited March 20, 2021 at 12:06 AM by
Let me start by saying Hydrogen Fuel Cell vehicles are not for everybody. Being that H2 fueling stations are limited, it's really only feasible in the LA / SF area.

YMMV but see below for the breakdown and explanation transcribed from u/acetech09 on Reddit


I bought one of those dirt cheap Toyota Mirais - still waiting for the catch

I have a 70 mile round-trip commute, and have been casually e-shopping for an electric or hybrid commuter car. But I never found something that that was a) well-priced, b) a worthwhile quality-of-life improvement over my current daily, and 3) charging an EV where I live is possible, but annoying.

My current daily is a 2020 MB Metris cargo van. And while I love it as a hobby equipment hauler, it's just an okay daily. Somewhat noisy, and base model so zero creature comforts to speak of.

Enter this thread:
https://www.reddit.com/r/cars/com...after_tax/
I was intrigued enough to start doing the math and looked into the usability.
8 hours later, I had bought one.
Here's my review of the out-the-door numbers, and a lightweight review of the car from a performance-loving car nerd.
The math with real numbers from my sales agreement:
(edited, changed pricing from monthly to absolute to make it clearer)$50,408.00 (Sale price, $2k under sticker)
+ $5,200 (CA sales tax and registration)
- $20,000 (Cash discount from Toyota corporate)
= $35,608.00 (This is what I financed at 0% APR, 72 months, no fees at all)
- $4,500 (CA tax credit)
- $8,000 (Federal tax credit)
= $23,108.00 Effective post-tax vehicle price
The vehicle price comes out to $23,108. BUT, this goes further because of the complimentary $15,000 fuel card, which is good for about 50,000 miles or 6 years.
So, with that card, it makes sense to compare with other cars by including 50,000 miles of fuel.

Mirai: $23,108 base, free fuel 30mpg gas car: $23,108 base
- $7,500 fuel
= $15,608 out-the-door equivalent 3.4 mi/kwh elec: $23,108 base
- $4,000 fuel
= $19,000 out-the-door equivalent

If you compare it with $15-19k gas/EV equivalent, those vehicles are probably going to be used, with limited warranty remaining. So, there is additional unrealized operating savings with the Mirai as well.

Insurance and registration are about $100/mo for me. This is decently lower than other $50k luxury brands (per my policy at least), but I'm not including it since it's different for everyone.

After the fuel card runs out, the Mirai starts to get more expensive again due to the higher cost of H2 fuel over gas. However, I doubt I'm going to keep the car once the fuel card runs out. And, nobody knows what the depreciation will be like, so I'm keeping it out of this calculation.

That's $15k-$19k, acetech09. Not a 'free car' like some people were saying.

Yes, true. But here's the punchline. This car is really freaking nice.

It's not 'dirt-cheap' compared to a used commute econobox, but it's radically cheaper than any other Lexus-like, freeway-autonomous, tech-laden, fully featured and warrantied mid-size sedan.

For the price of this [craigslist.org], you get this [imgur.com].

Sure, it's cheap, but, how is it?
You might be a skeptic like me and think it's a $25k corolla with a $25k water-maker under the hood. But it's not. This is a proper, no-compromise luxury sedan. It almost directly compares with a top-spec, $40-45k Avalon, at least. Reportedly, this car was originally designed to be a Lexus, but brand politics happened.
  • Spacious, comfy, solid, quiet, cruises like a heavy full-size.
  • Radar cruise control, lane following, full autonomy/driver assist package with granular settings. Power everything. Sound isn't audiophile-tier but is about as good as a production car gets.
  • Bird's eye view/360 degree cameras, pretty excellent for checking your parking since the visibility is as poor as every other modern car.
  • Not exciting to drive, but it's still extremely confident and flat in corners. The 0-60 is 'slow', but it's totally sufficient, and the electric instant-torque makes it capable of cutting through whatever commute conditions you need it to even with lower HP numbers.
  • Huge dash screen with android auto/carplay.
  • A really handy wireless phone charging pad in the center console.
  • The digital instrument cluster display was easy enough to configure and interpret - i'm a big analog dial guy but this one took almost no time to get used to, and feels totally normal now.
  • It has a 'pee' button. Seriously. The car auto-dumps the water exhaust when driving, and during shutdown as well - which could dump a lot of water on your garage floor. So you can manually push a button and have the car pee in your driveway before you pull it into your garage.
Any negatives?
Not really. It's not a drivers car of course, but it's a solid premium Toyota and delivers exactly what you expect and want. Really, just minor nitpicks:
  • Wireless android auto would be nice, to synergize with the wireless charge pad.
  • There isn't multi-user seat memory. That's, bafflingly, part of the +$15k premium trim which is otherwise not really worth it.
  • No spare tire, just fix-a-flat and a compressor. Not a huge issue if you're commuting this in the urban areas it's mostly limited to.
  • No volume knob on the infotainment, you have to button spam.
The elephant in the room, Hydrogen stations:

Of course, the 'catch' is that you can only drive this car in the bay area and parts of LA. However, there are a lot of people in both those areas who only use their car for commutes and local city-errands. Within these markets, it's still pretty insane that you can get them that cheap - it's not like I'm the only guy who wants one.

Toyota does also give 21 complimentary gas-car rental days to the purchaser, like electric car sellers do, so people can take road trips if needed. 21 days isn't a *lot* but it's decent value.

At the pumps, it's almost exactly like filling up a normal gas car, sometimes there's a 1-2 car wait but they fill fast and it's not a big deal.

Conclusion:
I check all the boxes: lives and commutes near hydrogen stations, can take advantage of the tax credits, and has another vehicle for trips outside the hydrogen network.

Only time will tell if this thing gives me a bunch of mechanical problems, or hydrogen balloons in price, or some other unknown. But for now, I think it'll work out great.

Is hydrogen the future? Probably not. The only clear benefit of fuel cell vehicles over battery electrics is refuel time, at significant complexity and material costs. But I'm sure hydrogen stations will be around as long as this vehicle lasts. But if I ever replace it, it'll probably be electric.

Station map for your area (California only):
https://cafcp.org/stationmap

For Carpool Sticker information:
https://www.arb.ca.gov/msprog/car...arpool.htm

California Clean Vehicle Rebate $4500 for Mirai
https://cleanvehiclerebate.org/en...e-vehicles
Note: Income cap does not apply for Hydrogen Fuel Cell Vehicles! Source [cleanvehiclerebate.org]

Federal Tax credit $8,000 info
https://afdc.energy.gov/laws/350
Note: this is a tax credit, applied when filling out tax return for 2021)

Source:
https://www.reddit.com/r/cars/com...ta_mirais/
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Deal
Score
+296
457,791 Views
$23,100
$52,408.00

Community Wiki

Last Edited by jnads March 24, 2021 at 02:42 PM

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Featured Comments

I went to Hamer Toyota and they had balls to mark those up 3k plus 1k gps add-on. Came to $56.5k with no negotiation because stimulus money is here and dealers wants it all. Sad state
Hydrogen Fuel cell is exempt from CA rebate income limits.

"The income cap applies for all eligible vehicle types except fuel-cell electric vehicles."

Source: cleanvehiclerebate.org/eng/requirements/1470
Slow car, 0-60 is 9.3 sec

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BraveDime9640
03-20-2021 at 06:11 PM.
03-20-2021 at 06:11 PM.
Quote from PyRo1509 :
Great whataboutism. Tesla superchargers as well as other chargers are increasing. Hydrogen stations are stagnant. It's not as if there have never been gasoline shortages in this country. If I was driving through Texas I'd probably catch a flight to Cancun. Or PG&E power outages, which during the last few seasons my power was out for a couple of hours. But I also have a tri-fuel 7kw generator & a 10kw solar system. So I can power my cars from the grid, sun, gasoline, NG, or propane. Try driving a Mirai in Texas...

H2 is very prone to leaking. So assuming power is lost at those stations I wonder how much he u would lose.
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namx
03-20-2021 at 07:04 PM.
03-20-2021 at 07:04 PM.
Quote from PyRo1509 :
Great whataboutism. Tesla superchargers as well as other chargers are increasing. Hydrogen stations are stagnant. It's not as if there have never been gasoline shortages in this country. If I was driving through Texas I'd probably catch a flight to Cancun. Or PG&E power outages, which during the last few seasons my power was out for a couple of hours. But I also have a tri-fuel 7kw generator & a 10kw solar system. So I can power my cars from the grid, sun, gasoline, NG, or propane. Try driving a Mirai in Texas...

Flying to Cancun with Ted Cruz? That's not the point. You could have been without a charge. Yes, very unlikely with an EV, but still does not exclude you from the original argument that it better off not to depend solely on an EV. Good point on solar and generator.
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namx
03-20-2021 at 07:12 PM.
03-20-2021 at 07:12 PM.
Quote from BraveDime9640 :
H2 is very prone to leaking. So assuming power is lost at those stations I wonder how much he u would lose.

Not sure how much is leaked from the car but each of the three FCEVs on the market are able to deliver their quoted ranges (per online YT reviews). In Year 2 or Year 3, who knows?
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Duke-GlobeTrotter
03-20-2021 at 07:22 PM.
03-20-2021 at 07:22 PM.
Quote from aerohunter :
when you file for tax return you will get the 8k back, no need to tell employer to withhold less.
I just checked and you definitely need to OWE the Fed at least $8K to take full benefit. If you don't owe the IRS when you file next tax year then you will get $0 benefit from this program. Please plan ahead.

https://www.caranddriver.com/shop...dits-work/

How do you receive the credits?
The process is fairly simple. You first have to buy a vehicle that qualifies, of course. Then you fill out form 8936 along with your tax return. It is important to note that the credits are non-refundable tax credits, as opposed to refundable tax credits. That means that the credits can only be applied to the taxes you owe in a given year, and if you received more in credits than you owe in taxes, you will not receive the difference in the form of a check. (With refundable tax credits, you would receive that check). Additionally, since the credits don't roll over, you can only apply the credits to your taxes for one tax year.

Keep in mind that you cannot qualify for the credits if you lease the vehicle because you don't own it— the manufacturer does. In that case, the manufacturer can qualify for and receive the credit; the credit is often figured into the price of the lease, so you receive the benefit indirectly.
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Duke-GlobeTrotter
03-20-2021 at 07:30 PM.
03-20-2021 at 07:30 PM.
Quote from tai_son :
absolutely, so they can have a good laugh.

You have to take it to Toyota. Just like all new BEVs or PHEVs.. I don't think you can easily take your Tesla, Prius Prime, Nissan Leaf, etc to your local mechanic either? FCEV is no exception.
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aerohunter
03-20-2021 at 07:31 PM.
03-20-2021 at 07:31 PM.
Quote from Duke-GlobeTrotter :
I just checked and you definitely need to OWE the Fed at least $8K to take full benefit. If you don't owe the IRS when you file next tax year then you will get $0 benefit from this program. Please plan ahead.

https://www.caranddriver.com/shop...dits-work/ [caranddriver.com]

How do you receive the credits?
The process is fairly simple. You first have to buy a vehicle that qualifies, of course. Then you fill out form 8936 along with your tax return. It is important to note that the credits are non-refundable tax credits, as opposed to refundable tax credits. That means that the credits can only be applied to the taxes you owe in a given year, and if you received more in credits than you owe in taxes, you will not receive the difference in the form of a check. (With refundable tax credits, you would receive that check). Additionally, since the credits don't roll over, you can only apply the credits to your taxes for one tax year.

Keep in mind that you cannot qualify for the credits if you lease the vehicle because you don't own it— the manufacturer does. In that case, the manufacturer can qualify for and receive the credit; the credit is often figured into the price of the lease, so you receive the benefit indirectly.
https://www.irs.gov/credits-deduc...ndividuals

you can get it back in the tax refund as long as you own more than 8k.
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Duke-GlobeTrotter
03-20-2021 at 07:36 PM.
03-20-2021 at 07:36 PM.
Quote from aerohunter :
https://www.irs.gov/credits-deduc...ndividuals

you can get it back in the tax refund as long as you own more than 8k.

I am learning so can you please quote where the EV/FCEV is a refundable tax credit? When I bought my Volt I made sure to owe the IRS.

All that I've heard and read, including the Car and Driver, specifically states this is a "non-refundable tax credit" unlike most other tax credits.

Would be awesome if I can get this as a refund.
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Last edited by Duke-GlobeTrotter March 20, 2021 at 07:46 PM.

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RyzenPrime
03-20-2021 at 07:38 PM.
03-20-2021 at 07:38 PM.
Drove to local Toyota dealers, they didn't have any of XLE in stock even they show they got some online. Wasted my trip to there. Not a deal, and don't waste your time and gas unless you are buying the Limited which is more than 10k more expensive ones.
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Duke-GlobeTrotter
03-20-2021 at 07:45 PM.
03-20-2021 at 07:45 PM.
Quote from RyzenPrime :
Drove to local Toyota dealers, they didn't have any of XLE in stock even they show they got some online. Wasted my trip to there. Not a deal, and don't waste your time and gas unless you are buying the Limited which is more than 10k more expensive ones.

Yes, the Mirai XLEs are selling fast. I just stopped by the dealership to pickup something and they informed me they sold out all of their 26 on inventory. Their next shipment is just one red car.

IF, and this is a huge IF, this car and deal is for you then I suggest you call around and get on it.
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namx
03-20-2021 at 08:01 PM.
03-20-2021 at 08:01 PM.
Quote from RyzenPrime :
Drove to local Toyota dealers, they didn't have any of XLE in stock even they show they got some online. Wasted my trip to there. Not a deal, and don't waste your time and gas unless you are buying the Limited which is more than 10k more expensive ones.

Which dealers are these?
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namx
03-20-2021 at 08:02 PM.
03-20-2021 at 08:02 PM.
Quote from Duke-GlobeTrotter :
Yes, the Mirai XLEs are selling fast. I just stopped by the dealership to pickup something and they informed me they sold out all of their 26 on inventory. Their next shipment is just one red car.

IF, and this is a huge IF, this car and deal is for you then I suggest you call around and get on it.

Which is this dealer?
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aerohunter
03-20-2021 at 08:05 PM.
03-20-2021 at 08:05 PM.
Quote from Duke-GlobeTrotter :
I am learning so can you please quote where the EV/FCEV is a refundable tax credit? When I bought my Volt I made sure to owe the IRS.

All that I've heard and read, including the Car and Driver, specifically states this is a "non-refundable tax credit" unlike most other tax credits.

Would be awesome if I can get this as a refund.
https://www.efile.com/tax-credits/

You are right EV/FCEV is Non-refundable tax credit. The amount of "tax owe" is where you and I disagree. "Tax owe" is the tax liability needed to be paid for the entire year regardless you prepaid/withhold or not. If you prepaid/withhold more than "tax owe" then you get them back in tax refund/return, if you paid less, and you need to make up the difference.

You are saying the "tax owe" is the tax you still need to pay at the time of filing.
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Duke-GlobeTrotter
03-20-2021 at 08:11 PM.
03-20-2021 at 08:11 PM.
Quote from th3g3ntl3man :
What does it cover?

Basically bumper to bumper for the period.
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Duke-GlobeTrotter
03-20-2021 at 08:12 PM.
03-20-2021 at 08:12 PM.
Quote from namx :
Which is this dealer?

SF Toyota on Geary street. I initially checked one in Dublin and they were selling out quick as well.
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Core2Quad
03-20-2021 at 08:19 PM.
03-20-2021 at 08:19 PM.
Quote from ExtremeOak :
This is true, the dealership I went to did have used Mirai's at $12k-$13k w/ the $15k fuel card. That may be the true slick deal.

For me, I wanted the new 2021 Mirai for what it offered. It's a really nice car.
Is that a standard thing for CPO Mira's to include a 15K fuel card? The ones i'm looking at online mention nothing about this.
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