4 Reasons Why the Toyota RAV4 Prime Is So Expensive
Why is the Toyota RAV4 Prime so expensive?
That’s a question every discerning driver is asking right now. If you are considering driving the PHEV, you want to know what causes the price to be higher than most vehicles.
The Toyota RAV4 Prime starts at $42,340 for the SE and $46,210 for the XSE. Adding extra options will increase the price. Additionally, there are some MSRP markups driving prices even higher.
In this guide, I cover the top four reasons for the higher RAV4 Prime price. This information can help you decide if the RAV4 Prime is for you.
1. It Uses Advanced Technology
The new Toyota RAV4 Prime has a lot of high-tech equipment installed. It’s one of the main reasons that people desire the PHEV so much.
The more technology that’s included, the higher the price will be. All of this equipment costs money to research and produce.
Let’s examine some of the top available tech features that increase the price.
In-Cabin Technology
- 10.5” multimedia display
- 12.3” multi-information display
- Head-up display
- Up to five USB ports
- The Qi-compatible wireless smartphone charging pad
- Wireless Apple CarPlay®
- Wireless Android Auto™
- 800-watt JBL® Premium Audio system
Performance/Charging Technology
- 6.6kW onboard charger
- All-Wheel Drive (AWD) system
Safety Technology
- Front and Rear Parking Assist with Automatic Braking (PA w/AB)
- Pre-Collision System with Pedestrian Detection (PCS w/PD)
- Full-Speed Range Dynamic Radar Cruise Control (DRCC)
- Automatic High Beams (AHB)
- Lane Departure Alert with Steering Assist (LDA w/SA)
- Road Sign Assist (RSA)
- Lane Tracing Assist (LTA)
While some of this technology is standard, other features need to be added. Each available feature you add increases the price.
(Toyota)
2. Demand Is High and Availability Is Low
RAV4 Prime availability has become a real issue. If you live in certain regions, it’s challenging to get a RAV4 Prime.
Some dealerships have markups because of supply issues. If you want a RAV4 Prime badly, you may have to pay extra for it. You should also be ready to wait a while for a RAV4 Prime.
Thankfully, this is becoming less of an issue in some areas, such as the northwestern part of the USA. I hope the supply continues to increase over the coming months.
3. Its Build Quality Is High
Toyota vehicles have enjoyed a long-standing reputation for being reliable. The vehicles also have a low cost of ownership, proving the build quality always remains high.
How long does a Toyota RAV4 last? With gas-powered models easily making it more than 200,000 miles, I expect the same from a well-maintained RAV4 Prime.
When a car is built right, you must pay more for it. The alternative is to pay less for a vehicle that won’t last, but you’ll be car shopping again sooner than you wish.
4. It’s a Powerful Vehicle
You get much more horsepower from the Toyota RAV4 Prime than the other models. Just look at how they compare to one another.
- RAV4: 203 horsepower
- RAV4 Hybrid: 219 combined horsepower
- RAV4 Prime: 302 combined horsepower
At 302 combined horsepower, the Toyota RAV4 Prime is one of the automaker’s most powerful vehicles. Not only does this vehicle excel in the efficiency department, but it doesn’t lack any power.
Frequently Asked Questions
Is It Time To Buy a Toyota RAV4 Prime?
If you are one of the lucky people with RAV4 Prime models available near you, it might be time to consider buying or leasing one. However, you must be prepared to pay a higher price tag.
Sit down and figure out your budget to see what works for you. Don’t forget to factor in the gas you won’t be buying, especially if you can travel mainly on electric power.