2022 Highlander Hybrid Prices

Rates and payment breakdown for leasing, finance or cash

The 2022 Highlander hybrid has a lot to offer in terms of features and options. It can seat up to 8 passengers in 3 rows of seats with cargo space that is more than enough for the family outing or weekend getaway.

The Highlander Hybrid has a 2.5-litre engine with self-charging hybrid power that leads to lower gas costs. Check out our Highlander Hybrid Trim Levels Guide for a thorough explanation of its trims, features, and design!

Before making your final decision on whether or not you want this car, there are some things you need to know about financing it and leasing it. We’ll take a look at what is offered by Toyota’s financing department as well as what lease rates they offer.

Please note the following about the payment and pricing on this page before you continue:

  • This table includes a document fee of $598 plus tax, which is not included on Toyota’s website. Actual pricing may vary depending on the dealer’s fees and costs. For reference, BC-based taxes have been added.
  • Pricing information is collected from the Toyota Canada website for the time period displayed at the bottom of the table. Rates and pricing is for reference purposes and pricing or rates may change without notice.
  • Always check with Toyota Canada for the most up-to-date information in the event of a discrepancy.

Please see the guide below for leasing, finance or cash prices for this vehicle.

Cash & Financing Breakdown

The following is a list of the all-in pricing for each model as seen on toyota.ca. Keep in mind that toyota.ca, like all other manufacturers’ websites, does not include dealer fees in its advertised prices.

Highlander Hybrid Lease ratesLEXLEBronze*Limited**Platinum**
MSRP Price$46,750$49,650$53,080$55,190$57,490
Estimated All-in Price*$55,399$58,647$63,039$66,568$69,213
Finance ratesLEXLEBronze*Limited**Platinum**
3 year term3.99%3.99%3.99%3.99%3.99%
4 year term4.19%4.19%4.19%4.19%4.19%
5 year term4.19%4.19%4.19%4.19%4.19%
6 year term4.29%4.29%4.29%4.29%4.29%
7 year term4.29%4.29%4.29%4.29%4.29%
*Based on rate from MAY 2022
3 year finance w/ $0 downLEXLEBronze*Limited**Platinum**
Monthly Payment$1,635$1,731$1,861$1,965$2,043
Bi-weekly Payment$755$799$859$907$943
Payment reduction (per $1k downpayment)$30$30$30$30$30
Cost of borrowing (Annual)$1,158$1,226$1,318$1,391$1,447
4 year finance w/ $0 downLEXLEBronze*Limited**Platinum**
Monthly Payment$1,256$1,329$1,429$1,509$1,569
Bi-weekly Payment$579$613$659$696$724
Monthly Payment: Reduction per $1k down$23$23$23$23$23
Cost of borrowing (Annual)$1,217$1,288$1,385$1,462$1,521
5 year finance w/ $0 downLEXLEBronze*Limited**Platinum**
Monthly Payment$1,025$1,085$1,166$1,232$1,281
Bi-weekly Payment$473$501$538$568$591
Monthly Payment: Reduction per $1k down$19$19$19$19$19
Cost of borrowing (Annual)$1,220$1,292$1,389$1,466$1,525
6 year finance w/ $0 downLEXLEBronze*Limited**Platinum**
Monthly Payment$874$925$995$1,050$1,092
Bi-weekly Payment$403$427$459$485$504
Monthly Payment: Reduction per $1k down$16$16$16$16$16
Cost of borrowing (Annual)$1,256$1,329$1,429$1,509$1,569
7 year finance w/ $0 downLEXLEBronze*Limited**Platinum**
Monthly Payment$765$809$870$919$955
Bi-weekly Payment$353$374$402$424$441
Monthly Payment: Reduction per $1k down$14$14$14$14$14
Cost of borrowing (Annual)$1,262$1,336$1,436$1,516$1,576
*5%GST+8%PST**5%GST+10%PST**5%GST+10%PST

How to calculate payment with downpayment included?

The ‘Payment reduction (per $1k downpayment)’ amount is included for this purpose. To give you an example, let’s say you are looking a 5-year lease and the payment is listed in the table like this:

Payment w/ $0 down – $677

Reduction per $1k down – $21.4

This shows you that the payment for 5 years is $677 per month. If you put down a $1,000 deposit, the cost will be reduced by $21.40, resulting in a monthly price of $655.60.

You can simply increase the amount if you want to add more. For example, $5k down payment amounts to $21.40×5, which equals $107. In this case, the monthly payment is $507 with a $5k downpayment on a 5-year lease.

Cost of Borrowing: What is this?

This is how much money you pay based on the stated interest rate. The amount is determined by adding up all of the monthly payments and then adding them to the lease end value with tax included, then subtracting this sum from the all-in full cash total. The monthly leasing cost is typically higher when you opt for a longer lease term or if the lease rate is high.

Leasing Payment Breakdown

This is a lengthy explanation of the 2022 Highlander Hybrid prices with lease terms, rate, and cost of borrowing. If you need further assistance in utilizing this information to compute your results, please see the following section.

Highlander Hybrid Lease ratesLEXLEBronzeLimitedPlatinum
2 year term5.99%5.99%5.99%5.99%5.99%
3 year term5.99%5.99%5.99%5.99%5.99%
4 year term5.99%5.99%5.99%5.99%5.99%
5 year term5.99%5.99%5.99%5.99%5.99%
*Based on rate from MAY 2022
Security Deposit (Max amount)$10,000$10,000$10,000$10,000$10,000
2 year lease w/ $0 downLEXLEBronzeLimitedPlatinum
Monthly Payment$1,011$1,087$1,163$1,250$1,322
Bi-weekly Payment$467$502$537$577$610
Monthly Payment: Reduction per $1k down$49$49$49$49$49
Cost of borrowing (Annual)$2,760$3,426$3,519$4,374$5,224
Lease end buyout value$32,725$35,186$37,645$40,459$42,793
3 year lease w/ $0 downLEXLEBronzeLimitedPlatinum
Monthly Payment$844$904$969$1,250$1,094
Bi-weekly Payment$389$417$447$577$505
Monthly Payment: Reduction per $1k down$34$34$34$34$34
Cost of borrowing (Annual)$2,655$3,090$3,243$9,101$4,303
Lease end buyout value$29,453$31,568$33,823$43,632$38,171
4 year lease w/ $0 downLEXLEBronzeLimitedPlatinum
Monthly Payment$756$809$867$927$974
Bi-weekly Payment$349$373$400$428$450
Monthly Payment: Reduction per $1k down$26$26$26$26$26
Cost of borrowing (Annual)$2,555$2,885$3,057$3,459$3,833
Lease end buyout value$26,180$28,003$30,030$32,079$33,730
5 year lease w/ $0 downLEXLEBronzeLimitedPlatinum
Monthly Payment$708$756$811$865$908
Bi-weekly Payment$327$349$375$399$419
Monthly Payment: Reduction per $1k down$22$22$22$22$22
Cost of borrowing (Annual)$2,442$2,713$2,891$3,213$3,504
Estimated Buyout Value$22,440$23,967$25,720$27,426$28,787
w/ Max. Security Deposit AddedLEXLEBronzeLimitedPlatinum
2 year - Monthly Payment$954$1,027$1,098$1,182$1,252
2 year - Bi-weekly Payment$440$474$507$546$578
Full Term Savings$1,368$1,441$1,552$1,630$1,686
3 year - Monthly Payment$787$844$904$1,182$1,023
3 year - Bi-weekly Payment$363$390$417$546$472
Full Term Savings$2,051$2,162$2,327$2,445$2,530
4 year - Monthly Payment$699$749$803$859$904
4 year - Bi-weekly Payment$323$346$371$396$417
Full Term Savings$2,735$2,883$3,103$3,261$3,373
5 year - Monthly Payment$651$696$747$797$838
5 year - Bi-weekly Payment$300$321$345$368$387
Full Term Savings$3,419$3,604$3,879$4,076$4,216
How to calculate payment with downpayment included?

The ‘Payment reduction (per $1k downpayment)’ amount is included for this purpose. To give you an example, let’s say you are looking a 5-year lease and the payment is listed in the table like this:

Payment w/ $0 down – $677

Reduction per $1k down – $21.4

This shows you that the payment for 5 years is $677 per month. If you put down a $1,000 deposit, the cost will be reduced by $21.40, resulting in a monthly price of $655.60.

You can simply increase the amount if you want to add more. For example, $5k down payment amounts to $21.40×5, which equals $107. In this case, the monthly payment is $507 with a $5k downpayment on a 5-year lease.

Lease end value: What is this?

You have the option to purchase out the vehicle at the end of your lease. To gain complete ownership of the car, you must pay the ‘lease end value’ to take ownership of it. Remember that this amount is taxable and that dealerships may charge additional fees to execute this procedure.

Security Deposit: What is this?

To lower the interest rate, you may add a Security Deposit when you lease a car. Doing so, the interest rate will be reduced by up to 1.5%. You can see the total accumulated amount of money you will end up SAVING when a security deposit is added with the lease.

The maximum amount stipulated in the table can be adjusted to be less, but providing a lesser amount will affect the rate reduction. The deposit is, in the end, simply a deposit, and the full amount of money is returned to you at the conclusion of your lease term.

Cost of Borrowing: What is this?

This is how much money you pay based on the stated interest rate. The amount is determined by adding up all of the monthly payments and then adding them to the lease end value with tax included, then subtracting this sum from the all-in full cash total. The monthly leasing cost is typically higher when you opt for a longer lease term or if the lease rate is high.

See our breakdown of the trims and features on this:

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