2022 Toyota Highlander Prices

Rates and payment breakdown for leasing, finance or cash

The new 2022 Toyota Highlander is also expected to come with Toyota’s latest safety features, including autonomous emergency braking and lane departure warning. It is powered by a 3.5-Litre V6 engine and is available in both front-wheel and all-wheel drive versions.

The Highlander’s interior is more stylish and less stressful to drive than previous versions. Before you buy, compare the trims and features with our 2022 Toyota Highlander Trim Levels Guide.

Finance has a variety of financing and leasing alternatives to suit your specific requirements. They provide competitive pricing across the board, so you can match them to whatever is left in the budget!

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 Toyota Highlander is a fantastic big SUV with 7-8 seats that will suit any event. The table below shows you the price ranges for each type of vehicle.

Highlander Gas PricingLEXLEXSELimited*Platinum**
MSRP Price$44,750$47,650$49,950$53,190$55,490
Estimated All-in Price*$53,059$56,307$58,883$63,064$66,813
Finance ratesLEXLEXSELimited*Platinum**
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%
*Based on rate from MAY 2022
3 year finance w/ $0 downLEXLEXSELimited*Platinum**
Monthly Payment$1,555$1,637$1,712$1,834$1,943
Bi-weekly Payment$717$756$790$846$897
Payment reduction (per $1k downpayment)$29$29$29$29$29
Cost of borrowing (Annual)$968$878$918$983$1,041
4 year finance w/ $0 downLEXLEXSELimited*Platinum**
Monthly Payment$1,191$1,254$1,311$1,404$1,487
Bi-weekly Payment$550$579$605$648$687
Monthly Payment: Reduction per $1k down$22$22$22$22$22
Cost of borrowing (Annual)$1,023$966$1,010$1,082$1,146
5 year finance w/ $0 downLEXLEXSELimited*Platinum**
Monthly Payment$970$1,019$1,066$1,141$1,209
Bi-weekly Payment$448$470$492$527$558
Monthly Payment: Reduction per $1k down$18$18$18$18$18
Cost of borrowing (Annual)$1,025$967$1,011$1,083$1,147
6 year finance w/ $0 downLEXLEXSELimited*Platinum**
Monthly Payment$825$865$905$969$1,027
Bi-weekly Payment$381$399$418$447$474
Monthly Payment: Reduction per $1k down$16$16$16$16$16
Cost of borrowing (Annual)$1,057$1,000$1,046$1,120$1,187
7 year finance w/ $0 downLEXLEXSELimited*Platinum**
Monthly Payment$720$754$788$844$895
Bi-weekly Payment$332$348$364$390$413
Monthly Payment: Reduction per $1k down$14$14$14$14$14
Cost of borrowing (Annual)$1,062$1,003$1,049$1,124$1,191
*5%GST+8%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

The 2022 Toyota Highlander is a cutting-edge model in the Toyota range. It has all of the characteristics you enjoy about this classic vehicle, with enhanced handling, more safety features, and stronger engines! With this information, you can figure out how much your payments will be for this car!

Highlander Gas Lease ratesLEXLEXSELimitedPlatinum
2 year term4.79%4.79%4.79%4.79%4.79%
3 year term4.79%4.79%4.79%4.79%4.79%
4 year term5.49%5.49%5.49%5.49%5.49%
5 year term5.69%5.69%5.69%5.69%5.69%
*Based on rate from MAY 2022
Security Deposit (Max amount)$7,500$7,500$7,500$7,500$7,500
2 year lease w/ $0 downLEXLEXSELimitedPlatinum
Monthly Payment$904$956$996$1,085$1,171
Bi-weekly Payment$417$441$459$501$541
Monthly Payment: Reduction per $1k down$49$49$49$49$49
Cost of borrowing (Annual)$2,362$2,390$2,375$3,141$4,030
Lease end buyout value$32,220$34,063$35,483$38,668$41,750
3 year lease w/ $0 downLEXLEXSELimitedPlatinum
Monthly Payment$758$796$831$902$970
Bi-weekly Payment$350$368$383$416$448
Monthly Payment: Reduction per $1k down$34$34$34$34$34
Cost of borrowing (Annual)$2,271$2,194$2,234$2,722$3,267
Lease end buyout value$29,088$30,553$31,863$34,604$37,220
4 year lease w/ $0 downLEXLEXSELimitedPlatinum
Monthly Payment$689$739$771$835$896
Bi-weekly Payment$318$341$356$385$413
Monthly Payment: Reduction per $1k down$26$26$26$26$26
Cost of borrowing (Annual)$2,268$2,585$2,670$3,068$3,492
Lease end buyout value$25,955$27,842$29,060$31,472$33,746
5 year lease w/ $0 downLEXLEXSELimitedPlatinum
Monthly Payment$654$700$731$791$846
Bi-weekly Payment$302$323$338$365$390
Monthly Payment: Reduction per $1k down$21$21$21$21$21
Cost of borrowing (Annual)$2,247$2,509$2,605$2,935$3,275
Estimated Buyout Value$22,375$23,961$25,024$27,053$28,950
w/ Max. Security Deposit AddedLEXLEXSELimitedPlatinum
2 year - Monthly Payment$849$897$934$1,020$1,103
2 year - Bi-weekly Payment$392$414$431$471$509
Full Term Savings$1,325$1,400$1,465$1,563$1,648
3 year - Monthly Payment$703$738$769$837$902
3 year - Bi-weekly Payment$324$341$355$386$416
Full Term Savings$1,987$2,100$2,198$2,344$2,471
4 year - Monthly Payment$634$680$710$770$827
4 year - Bi-weekly Payment$292$314$328$355$382
Full Term Savings$2,650$2,800$2,930$3,125$3,295
5 year - Monthly Payment$599$642$670$726$777
5 year - Bi-weekly Payment$276$296$309$335$359
Full Term Savings$3,312$3,500$3,663$3,907$4,119
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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