By on November 7, 2019

Despite slow sales pretty much since its inception, the Toyota 86 and its Subaru twin, the BRZ, will see a second-generation model. We’ve said it before and will say it again: you’ll miss it when it’s gone. Far too many bland vehicles out there.

That said, purchasing a current-year 86 looks like a much better option than signing a three-year lease on the plucky, rear-drive 2+2.

According to CarsDirect, the 86 holds the distinction of having the worst lease in the United States, all things considered. Calling it a “hideous choice in terms of value,” the publication points to a Bay-area lease offer that won’t have anyone rushing for the dealer.

The 36-month offer on a base, 2019 automatic-transmission 86 combines $3,499 due at signing with a $489 monthly charge, bringing the car’s monthly cost to $586 before taxes and fees. That’s the worst offer of any lease scrutinized this month. For that cost, you could better spend your time looking at a car with an after-destination MSRP much higher than $28,330. The publication notes that a 2020 BMW 330i will set you back less per month.

Blame a money factor that amounts to 4.7 percent APR, a less-than-stellar residual value, and a lack of lease incentives.

While the lease isn’t something to get excited about, anyone looking to bring an 86 home permanently will enjoy $3,500 cash back. Spring for the TRD SE model, and Toyota adds another two grand to the incentives. It’s possible Black Friday will bring a savings spike as Toyota attempts to clear out remaining 2019 models.

[Image: Toyota]

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30 Comments on “Fun Car, Bad Lease: Toyota 86 Tops List of Unappetizing Offers...”

  • avatar

    Give this the naturally aspirated 3.0 inline 6 from the Supra, actually make the 86 have a decent engine.

  • avatar

    And they still haven’t given us a turbo model.

    • 0 avatar

      Correct. My neighbor had one and got rid of it. The replacement is a Civic Type R. Claims the Civic is actually “fun” because it takes off when you push the gas pedal.

      Also – an automatic in a 86? Does not compute!

      • 0 avatar

        Some performance oriented cars are actually quicker with an automatic (GTI, for example), and some are powerful enough that it doesn’t really matter what transmission you have (V-8 Mustangs and Camaros, Corvette, etc). In this car, the automatic just makes the car slower. Same for the Miata and WRX.

        Makes no sense to me, but it ain’t my money.

        • 0 avatar

          This also isn’t a 1/4 mile kind of car. Making a performance car ‘quicker’ but also making it less fun to drive is a step backwards. Otherwise, a Camry v6 would be considered a driver’s car as opposed to a miata.

  • avatar

    Between the upfront payment and the monthly payments, that is a total of $21,103. The real key for leasing when I lease is to include with those amounts the buyout price at the end of the lease term. If the total of all three: down payment, monthly payments and purchase price at end, are at or near the sticker price for the car, it makes sense for me to lease. the key factor is that I go into the lease knowing that the at the end of the lease term I can simply purchase my car and all in I will not be significantly different from having purchased the car at the front end. I have been able to do this on both a Mazda6 and a Mazda CX-5. In both cases, I leased with the full intention of purchasing at the back end should I like the car and it makes sense.

    In the case of this 86, my guess is that the purchase price at the back end is not favorable enough to make leasing the car a logical proposition.

    • 0 avatar

      I agree with lastwgn. Very logical approach–if the total costs are pretty close, a lease makes sense.

      This way, if you’re leasing a lemon, or just don’t like the car, you can walk away.

      If you buy it and don’t like, good luck unloading it…

      If you like it, or if you go way over on the miles due to unforeseen reasons, you just buy it.

    • 0 avatar

      I just bought my ‘16 Fiesta ST at lease end. Total of all the money I had in it (including my purchase price) was close to the original MSRP and as it turns out depreciation slowed after Ford announced dropping the Fiesta so the calculated residual value was lower than actual. I bought it for well below it’s current market value.

  • avatar

    It’s a simple job tor the factory to drop a WRX engine into it.
    It was obvious the second gen would have this engine.
    … hmmm… maybe not so obvious after all.

    • 0 avatar

      Rumor mill says that the next generation of this car gets a version of Subarus new turbo motor. If it is still available with a manual in that form.

      My interest is piqued.

  • avatar

    Up to $5500 cash on the hood? Holy incentives Batman! That’s Detroit big 2-1/2 pickup truck grade incentives on a car not far north of $30K (to get the biggest cash kaboom)

  • avatar

    A: who leases a sports car?

    B: who buys a lightweight tossable car with a damn slushbox?

    There’s so much done right about these cars but so much in the details was horribly mishandled. The lack of power and obstinate refusal to offer a factory turbo is absolutely moronic. The number of these cars running around sporting aftermarket turbo kits should say a lot. And there’s literally zero difference between the two versions of this car. Subaru version should have 2 variants: WRX engine/drivetrain and STI version. The toyota version should be using an in-house I-4 normally aspirated…the 1.8 vtec from the corolla S and Celica GTS would do nicely.

    Realistically, Subaru screwed the pooch in tapping Toyota as a partner with this car. Toyotas are dishwashers, and it appears they had very little input on this car; it’s not like they’re in the business of making anything exciting. See the upcoming Supra. Honda would have been a FAR better choice had they gotten a variant of this car. Take what worked for the S2K, incorporate it to their version of this coupe (again, rear drive, high winding n/a I-4) and you have the perfect compliment to the Subaru which should be turbo’d boxer 4 and AWD.

  • avatar

    A quick look at Car Gurus explains this: there are 669 new 86s available (659 ’19s and 10 ’18s).

    Translation: these rot on the lot new, and would probably rot some more once they come back as off-lease 36 months later. Makes sense why Toyota wouldn’t be pushing a lease.

  • avatar

    Why would they even OFFER a lease that costs more than a purchase? I mean they might as well put signs on them in the showroom, “WE ARE OFFERING A LEASE ON THIS CAR FOR THOSE OF YOU WHO ARE BAD AT MATH”………..

  • avatar

    Back when these came out in 2013 I leased an FR-S on a special they had going: Nothing down, $299 a month for 36 months.

  • avatar

    Following the prolonged hype from Akio Toyoda, I drove an FR-S on May 31, 2012 just before my retirement. Was going to be my present to myself.

    Within 300 yards as the thing struggled to climb a hill I’d never noticed before outside the dealer (I had a Legacy turbo), I realized it was a pathetic turd. The perhaps five further miles I put on the car before returning it to the dealer only reinforced the impression. A turd it was and a turd it shall remain.

    Being older, the last thing I needed was “helpful” advice on forums from youngsters about it being a momentum car, after I reported my impressions. I’d driven cars for 48 years and the FR-S was the most useless one I’d tried. It had no redeeming features I could find, just being an annoying little blot of a car to drive. Young people who’d never driven a half-decent car hadn’t a clue about how useless the FR-S was. And despite the advertising nonsense, it wasn’t particularly light, about the same as a Civic which drove far better. Any dolt could also get a Miata test drive and realize that it was a sprightly vehicle, not the dull roar of vacuousness and limp power band the FR-S and BRZ exuded.

    And they’re going to bring out a new version? Well, nobody can get it wrong twice in a row, can they? Toyota probably can if they inject Akio Excitement. Let’s see how this turns out. I’m not holding my breath.

    • 0 avatar

      “ youngsters about it being a momentum car”

      Please don’t tell me any real living human being said it was a “momentum car” as if that was a good thing?

      A Yugo, current gen Malibu, or an 80s Mercedes diesel are momentum cars, and that is not praise.

  • avatar
    Bapak Bob

    To paraphrase the great Carroll Shelby “Horsepower sells cars, Toyota sells toasters.” And that is incongruous; Toyota won the NASCAR mfrs championship a few years back and have won LeMans with 1-2 finishes both in 2018 and 2019.

    Toyota knows how to win sports car races, but then pulls punches on retail sports cars by selling other peoples products (Subaru and BMW.)

    And slow retail sales don’t give you any clue Toyota-san?

    • 0 avatar

      Yet Toyota still sells the most cars…

      Retail sports cars, you think that is where money is made? You must be really smart.

      Toyota can win races because they sell a bazillion Rav4s, Tacomas, Camrys, and Corollas. Cars with actual profit built in.

  • avatar

    Just lop off the backseats already. I don’t know of a single human, save maybe my three year old niece, who could sit back there for any length of time.

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