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 PricingLEXLEBronze EditionLimitedPlatinum
MSRP Price$46,490$49,390$52,820$54,950$57,250
Estimated All-in Price*$54,962$58,210$62,052$65,576$68,790
Finance ratesLEXLEBronze EditionLimitedPlatinum
3 year term3.49%3.49%3.49%3.49%3.49%
4 year term3.69%3.69%3.69%3.69%3.69%
5 year term3.69%3.69%3.69%3.69%3.69%
6 year term3.79%3.79%3.79%3.79%3.79%
7 year term3.79%3.79%3.79%3.79%3.79%
LEXLEBronze EditionLimitedPlatinum
3 year finance w/ $0 down (monthly)$1,610$1,705$1,818$1,921$2,015
Payment reduction (per $1k downpayment)$29.3$29.3$29.3$29.3$29.3
Cost of borrowing (Annual)$1,002$1,062$1,132$1,196$1,255
LEXLEBronze EditionLimitedPlatinum
4 year finance w/ $0 down (monthly)$1,233$1,306$1,392$1,472$1,544
Payment reduction (per $1k downpayment)$22.4$22.4$22.5$22.4$22.4
Cost of borrowing (Annual)$1,060$1,123$1,197$1,265$1,327
LEXLEBronze EditionLimitedPlatinum
5 year finance w/ $0 down (monthly)$1,005$1,064$1,134$1,199$1,257
Payment reduction (per $1k downpayment)$18.3$18.3$18.3$18.3$18.3
Cost of borrowing (Annual)$1,062$1,125$1,199$1,267$1,329
LEXLEBronze EditionLimitedPlatinum
6 year finance w/ $0 down (monthly)$855$905$965$1,020$1,070
Payment reduction (per $1k downpayment)$15.6$15.6$15.6$15.6$15.6
Cost of borrowing (Annual)$1,095$1,160$1,237$1,307$1,371
LEXLEBronze EditionLimitedPlatinum
7 year finance w/ $0 down (monthly)$746$790$842$890$934
Payment reduction (per $1k downpayment)$13.6$13.6$13.6$13.6$13.6
Cost of borrowing (Annual)$1,100$1,165$1,242$1,312$1,377

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 ratesLEXLEBronze EditionLimitedPlatinum
2 year term5.69%5.69%5.69%5.69%5.69%
3 year term5.69%5.69%5.69%5.69%5.69%
4 year term5.69%5.69%5.69%5.69%5.69%
5 year term5.69%5.69%5.69%5.69%5.69%
Security Deposit (Max amount)$10,000$10,000$10,000$10,000$10,000
LEXLEBronze EditionLimitedPlatinum
2 year lease w/ $0 down (monthly)$988$1,063$1,128$1,214$1,296
Payment reduction (per $1k downpayment)$49.3$49.3$49.2$50.1$50.6
Cost of borrowing (Annual)$2,601$2,741$2,924$2,706$2,641
Lease end buyout value$32,543$34,079$36,446$37,366$38,358
Savings w/ Security Deposit Added (full term)$1,358$1,432$1,528$1,607$1,677
LEXLEBronze EditionLimitedPlatinum
3 year lease w/ $0 down (monthly)$824$884$939$1,007$1,071
Payment reduction (per $1k downpayment)$33.8$33.8$33.8$34.4$34.7
Cost of borrowing (Annual)$2,503$2,637$2,813$2,738$2,748
Lease end buyout value$29,289$30,622$32,748$33,520$34,350
Savings w/ Security Deposit Added (full term)$1,971$2,077$2,217$2,331$2,432
LEXLEBronze EditionLimitedPlatinum
4 year lease w/ $0 down (monthly)$738$790$840$899$954
Payment reduction (per $1k downpayment)$26.0$26.0$26.0$26.5$26.7
Cost of borrowing (Annual)$2,407$2,536$2,706$2,698$2,743
Lease end buyout value$26,034$27,165$29,051$29,673$30,343
Savings w/ Security Deposit Added (full term)$2,539$2,676$2,855$3,002$3,132
LEXLEBronze EditionLimitedPlatinum
5 year lease w/ $0 down (monthly)$691$739$786$839$889
Payment reduction (per $1k downpayment)$21.4$21.4$21.4$21.8$21.9
Cost of borrowing (Annual)$2,301$2,423$2,585$2,617$2,681
Lease end buyout value$22,315$23,213$24,825$25,277$25,763
Savings w/ Security Deposit Added (full term)$3,049$3,212$3,428$3,602$3,758
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:

Share This:

Leave a Reply