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 PricingLEXLEXSELimitedPlatinum
MSRP Price$44,490$47,390$49,690$52,950$55,250
Estimated All-in Price*$52,722$55,970$58,546$62,197$66,490
Finance ratesLEXLEXSELimitedPlatinum
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%
LEXLEXSELimitedPlatinum
3 year finance w/ $0 down (monthly)$1,545$1,640$1,715$1,822$1,948
Payment reduction (per $1k downpayment)$29.3$29.3$29.3$29.3$29.3
Cost of borrowing (Annual)$962$1,021$1,068$1,134$1,213
LEXLEXSELimitedPlatinum
4 year finance w/ $0 down (monthly)$1,183$1,256$1,314$1,396$1,492
Payment reduction (per $1k downpayment)$22.4$22.4$22.4$22.4$22.4
Cost of borrowing (Annual)$1,017$1,080$1,129$1,200$1,282
LEXLEXSELimitedPlatinum
5 year finance w/ $0 down (monthly)$964$1,023$1,070$1,137$1,215
Payment reduction (per $1k downpayment)$18.3$18.3$18.3$18.3$18.3
Cost of borrowing (Annual)$1,019$1,082$1,131$1,202$1,285
LEXLEXSELimitedPlatinum
6 year finance w/ $0 down (monthly)$820$870$910$967$1,034
Payment reduction (per $1k downpayment)$15.6$15.6$15.6$15.6$15.6
Cost of borrowing (Annual)$1,051$1,116$1,167$1,240$1,325
LEXLEXSELimitedPlatinum
7 year finance w/ $0 down (monthly)$716$760$795$844$902
Payment reduction (per $1k downpayment)$13.6$13.6$13.6$13.6$13.6
Cost of borrowing (Annual)$1,055$1,120$1,172$1,245$1,331

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 Lease ratesLEXLEXSELimitedPlatinum
2 year term5.29%5.29%5.29%5.29%5.29%
3 year term5.29%5.29%5.29%5.29%5.29%
4 year term5.49%5.49%5.49%5.49%5.49%
5 year term5.69%5.69%5.69%5.69%5.69%
Security Deposit (Max amount)$7,500$7,500$7,500$7,500$7,500
LEXLEXSELimitedPlatinum
2 year lease w/ $0 down (monthly)$897$969$1,009$1,090$1,188
Payment reduction (per $1k downpayment)$49.1$49.1$49.1$49.1$50.4
Cost of borrowing (Annual)$2,347$2,479$2,595$2,743$2,355
Lease end buyout value$32,033$33,647$35,280$37,065$38,123
Savings w/ Security Deposit Added (full term)$1,317$1,392$1,458$1,541$1,640
LEXLEXSELimitedPlatinum
3 year lease w/ $0 down (monthly)$753$810$845$910$987
Payment reduction (per $1k downpayment)$33.6$33.6$33.6$33.6$34.5
Cost of borrowing (Annual)$2,257$2,384$2,496$2,638$2,469
Lease end buyout value$28,919$30,330$31,802$33,359$34,255
Savings w/ Security Deposit Added (full term)$1,909$2,018$2,113$2,234$2,377
LEXLEXSELimitedPlatinum
4 year lease w/ $0 down (monthly)$684$734$766$823$891
Payment reduction (per $1k downpayment)$25.9$25.9$25.9$25.9$26.6
Cost of borrowing (Annual)$2,254$2,380$2,491$2,632$2,576
Lease end buyout value$25,804$27,012$28,323$29,652$30,388
Savings w/ Security Deposit Added (full term)$2,460$2,600$2,722$2,878$3,061
LEXLEXSELimitedPlatinum
5 year lease w/ $0 down (monthly)$650$696$727$779$842
Payment reduction (per $1k downpayment)$21.4$21.4$21.4$21.4$22.0
Cost of borrowing (Annual)$2,233$2,358$2,468$2,607$2,620
Lease end buyout value$22,245$23,221$24,348$25,416$25,968
Savings w/ Security Deposit Added (full term)$2,957$3,123$3,269$3,457$3,676
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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