Toyota has resumed orders for the all-electric toyota bZ4X crossover in Japan. In Japan they can only pick up the bZ4X keys through a lease. When Toyota’s electric SUV was first introduced, Toyota requested a one-time application fee of 770,000 yen ($5,175) in addition to a monthly lease of 107,800 yen ($727) for the first four years or 10-year contracts. These prices have been cut.
Speaking with Reuters, Shinya Kotera, president of Kinto, the Toyota unit that offers the leases, said the application fee has been reduced to 385,000 yen ($2,596), while the monthly lease is now 1,100 yen ($7.42) cheaper. Is. Kotera acknowledged that the discount is “painful” and will not lead to a significant increase in sales, but confirmed that Kinto will continue to make a profit on the vehicle.
“Looking at the back, we thought the price was a bit high and customers pointed that out too,” he said.
Toyota first submitted a recall to Japan’s Ministry of Transportation regarding the toyota bZ4X in late June, revealing that the hub bolts could loosen during sharp cornering and braking suddenly. This could have caused the wheel to fall off and immediately prompted Japanese officials to suggest owners to park their vehicles until a fix is found. The recall also affected 2,600 Solterra EVs globally.
It took Toyota more than two months to fix the hub bolt problem, and production of the crossover only resumed on October 6.
The carmaker has not mentioned any plans to cut prices in other markets. In the United States, prices for the bZ4X start at $42,000 while the Solterra is available at $44,995.
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