Toyota Highlander Lease

The cost to lease a Toyota Highlander typically ranges from $528 to $835 per month.
Written by Zachary Morgan
Reviewed by Jessica Barrett
Leasing a Toyota Highlander costs between $528 and $835 a month. The trim level, negotiated price, down payment, and, most importantly, your credit score will determine the monthly rate.
The Toyota Highlander has made a name for itself in the extremely competitive mid-size SUV market since making its debut in 2001. If you’re thinking about getting a Highlander, but don’t want a
car loan
hanging over your head, you might want to consider leasing the vehicle.
Leases may be more restrictive than traditional car loans, but they offer lower monthly payments on average as well as a host of other perks for drivers.
If you want to research leases for a Toyota Highlander,
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Toyota Highlander insurance cost

How to lease a Toyota Highlander

Whether or not this is your first lease, it’s a good idea to familiarize yourself with the process. To lease a Highlander, follow these steps to secure the best possible deal.
  • First, check your credit score. Anything under 520 will likely prevent you from securing a lease. You can qualify with a score between 520 and 630, but your monthly payments will be high. If your score is above 650, you’ll be able to find a good deal.
  • Determine your leasing budget. You should try to secure a monthly payment that is no higher than 15% of your income, but 10% is optimal.
  • Figure out your down payment. The capitalized cost reduction, more commonly known as a down payment, can lower your monthly payments. If you can wait a little longer and save up some more money, you’ll get a better deal for yourself.
  • Calculate your annual mileage. Toyota offers plans with annual mileage limits of 10,000, 12,000, and 15,000 miles. Putting too many miles on a car in a short time frame can make it depreciate faster, so make sure you pick a mileage plan that will suit your needs.
After you’ve crunched all the numbers, you’re ready to go to the Toyota dealership to
compare lease offers
. Remember to determine your budget first. This way, you’ll be able to make a knowledgeable pick that best fits your budget.
MORE: How does your credit score affect car insurance?

The final step: shop for insurance

It doesn’t matter if you’re leasing or buying, you’ll still need car insurance, and
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How much does a Toyota Highlander lease cost?

On average, it costs between $500 and $800 per month to lease a Toyota Highlander.
The precise cost is determined by a number of factors. These factors include the vehicle trim level options and packages chosen at the dealership, your lease term, your credit score, and your down payment. In addition, leasing offers can change over time, so you might notice price fluctuation based on the time of year and your location
One of the primary factors that will determine your lease payment is the trim level. The base L trim is perfect for anyone who wants a no-frills SUV with a smooth ride and comfortable interior. If you want to soup up the engine from a four-cylinder to a V6, the
Toyota Highlander LE
trim might be for you. There are also multiple Hybrid options available, at slightly higher costs.
We can calculate how your monthly payment and amount due at signing can change as you navigate the 2022 Highlander’s trim levels. Since there are almost a dozen trim packages available, we’ll stick with five of the more popular options for simplicity’s sake.
In the table below, we will assume that you have a great credit score (690-719) and that you’re able to put down $1,500 on a 36-month lease with 12,000 in annual mileage.
Trim level
Monthly payment
Amount due at signing
Hybrid LE
Hybrid Platinum
Remember that your credit score will also be a primary factor in determining your monthly payments. In the next table, we’ll take a look at how your rates for a standard
Toyota Highlander L
model can change based on your credit score. Once again, we’ll use the format of $1,500 down payment, 36-month lease, and 12,000 annual mileage.
Credit score
Monthly payment
Amount due at signing
520 to 579
580 to 609
610 to 629
620 to 649
650 to 669
670 to 689
690 to 719
You could potentially qualify for a rebate on your 2022 Highlander lease if you are a recent college grad ($500) or a member of the military ($750).

Services included in a Toyota Highlander lease

Your Toyota Highlander lease will come packaged with the
maintenance plan. You’ll enjoy free roadside maintenance (also known as
towing and labor coverage
) for either the first two years of your lease or until you get to 25,000 miles. Regardless of mileage, you’ll also get 24-hour roadside assistance for free for the first two years.
ToyotaCare also covers factory-scheduled maintenance but not repairs due to accidents. This includes:
  • Multi-point inspection
  • Engine oil and filter changes
  • Tire rotations
  • Fluid level inspection
  • Genuine Toyota Parts
For a 24-month lease, ToyotaCare will cover your scheduled maintenance for the full duration of the lease. However, you can lease a Toyota Highlander for up to 60 months. If you end up selecting a longer lease term, any routine maintenance after 2 years or 25,000 miles will be your responsibility. Remember, too, that
recommends a great deal of routine maintenance after 30,000 miles.  
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What to do when your Toyota Highlander lease is up

After your Highlander lease expires, you’ll have three options:
  • You can return the vehicle and lease a new Toyota (either a Highlander or a different model
  • Complete the return checklist
    and return your vehicle to the dealership
  • You can buy the Highlander you’re already driving by requesting a payoff quote

How to return a leased Toyota Highlander

If you want a new car or don’t need the one you have anymore, remember that returning the vehicle is an option. Just follow the steps listed on Toyota’s
return checklist
, and you’ll be good to go.
First, examine the vehicle for wear and tear. You can find a reference for the amount of acceptable wear and tear in Toyota’s
Lease-End Guide
. As a rule of thumb, any blemishes bigger than a credit card will incur extra charges. You can secure some extra coverage against dents, cracks, and scratches by opting to purchase
Excess Wear & Use Protection
After making any necessary
car repairs
, call AutoVin at (855) 40-MY-TFS to schedule your inspection. Be sure to schedule your inspection about 15 to 60 days before your lease is up.
After your vehicle passes inspection, call your local dealer and schedule a return appointment. You’ll be asked to sign an odometer statement and whether or not you want to lease another Toyota. If not, you’ll have to pay a disposition fee of up to $350. 
MORE: How to prepare a car for a lease inspection

How to purchase a leased Toyota Highlander

Car and Driver rated the 2022 Toyota Highlander as one of the best vehicles in its class at retaining value. After your 36-month lease is up, your Highlander could retain up to 80% of its original value.
If you can’t bear the thought of parting with your Highlander after the lease is up, you can contact Toyota Financial Services (online or at 1-800-286-0652) and request a payoff quote.
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How to find the best car insurance for a Toyota Highlander lease

It’s never been easier to find great insurance coverage for your Toyota Highlander. All you have to do is download the
app and put in your information. In less than a minute, you’ll be given a customized list of quotes from the nation’s top insurance providers.
If you’re wondering how it works, we’ll tell you! Jerry may be the only super app for car owners and one of the highest-rated apps on the marketplace, but we’re even more than that. We’re also a
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