Toyota is the most popular Japanese carmaker among drivers worldwide because their vehicles are reliable and durable. The brand’s extensive lineup comprises sedans, trucks, minivans, and SUV, which cater to the needs of most motorists. A great option for families is the 2020 Highlander, with a $34,600 starting MSRP. Currently, Toyota highlander lease deals are among the highest-selling mid-sized SUV, with Jeep Grand Cherokee and 2020 Ford Explorer lease deals recording slightly higher sales.
The company also offers hybrid options for many of their cars. For example, the 2020 Toyota highlander hybrid lease can be had for $326 every month. This is $90 more than a Toyota rav4 lease, a comparable hybrid SUV model. Despite a marginal increase in Toyota highlander incentives, dealerships report 28.9% negative sales this year, compared to 2019. This makes the 2020 Toyota corolla lease hard to beat in terms of excellent value in Toyota’s lineup.
Best Toyota Highlander Lease Deals and Incentives for October
Sales on Toyota vehicles had been stable before the manufacturer increased incentives on their models. This October, there is a 90-day payment waiver along with several customer cash offers to be had. Nevertheless, the carmaker’s lease deals have not improved in the last few months. For instance, the 2020 Toyota highlander lease deals have up to $1,750 in cash rebates. But the model has recorded a twenty-eight percent dip in sales compared to last year.
Also of note, the brand is offering as much as $2,500 on the carryover 2020 Toyota tundra lease. And there’s up to $4,500 in bonus cash for 2020 GR Supra and Prius Prime leases. $1900 is the average customer cash offer across all Toyota vehicles this month. In terms of excellent value, the Hydrogen Mirai and Toyota Tacoma lease deals are unmatched. Here are the best Toyota Highlander lease deals and incentives in 2020.
Keep in mind that Toyota’s incentives can vary widely by region. The figures we quote may not be accurate for your region. We recommend verifying with your local dealerships, especially for the best Toyota highlander financing deals.
Best Prices: Toyota Highlander Lease Deals
As the third best selling mid-sized SUV, the 2020 Highlander’s $34,600 high base price is expected. This is around $3,300 more than the average price for base trims in the category. Also, the $48,800 price tag is nearly $2,100 higher than the class average for fully-loaded trims.
Considering $489 is the model’s average annual repair and maintenance cost, as per the latest Reliability Ratings, it’s a worthwhile investment. You don’t have to worry about expensive Toyota highlander accessories during scheduled maintenance. And while the Highlander is a popular midsize SUV, its sales are dwindling. This may be the best time to secure a reduction in a completely redesigned model.
2020 Toyota Highlander Lease Deals
Note that the following Toyota highlander lease deals are samples from the carmaker. Availability is bound to change based on your location. Get in touch with your local dealer for accurate figures and qualification. Also, all prices are exclusive of other fees, such as tags, licensing, taxes, and dealer charges.
Toyota has many lease specials for its 2020 models that will expire at the end of this month. Many of the deals include a down payment of about $3,000 and a three-year term. The 2020 Highlander national average lease costs $339 a month with a down payment of $3,999.
For this month, Toyota Highlander lease deals can be had for $319 per month for three years. And you’ll still put down $3,999 when signing. Also, the 2020 Toyota highlander hybrid lease is $10 costlier than the regular one, though with a similar down payment and lease term.
This chart compares Toyota highlander lease deals with other Toyota models from the same manufacturer.
|Vehicle Description: Year, Make, & Model||Lease Deals||End Date|
|2020 Toyota Camry||$219 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2020 Toyota Camry Hybrid||$229 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2021 Toyota Corolla||$179 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2021 Toyota Corolla Hybrid||$189 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2021 Toyota Prius||$289 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2021 Toyota Corolla Hatchback||$209 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2020 Toyota Highlander||$319 per month for 3 years and $3,999 when signing||2nd, Nov. 2020|
|2020 Toyota Highlander Hybrid||$329 per month for 3 years and $3,999 when signing||2nd, Nov. 2020|
|2020 Toyota RAV4||$229/ per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2020 Toyota RAV4 Hybrid||$239 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2020 Toyota Tacoma||$249 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2021 Toyota Tundra||$339 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
|2021 Toyota Venza||$319 per month for 3 years and $2,999 when signing||2nd, Nov. 2020|
2020 Toyota Highlander Financing Deals
Toyota is extending the same finance deals this October for most of their vehicles. 0% and 1.9% are the majority annual percentage rates on their 2020 financing special deals. Sadly, you won’t get 0% APR for the highlander. Instead, prospective drivers can get interest-free financing for 5 years on the 2020 Rav4, Camry, and Prius models. Toyota highlander financing starts at 1.9% for a maximum of 60 months with up to $2,250 customer cash. It’s pretty much the same deal they offered before October, save for the bonus cash.
|Vehicle Description: Year, Make, & Model||Best APR||Term||Customer Cash||End Date|
|2020 Toyota Camry||0%||5 years||None||2nd, Nov. 2020|
|2020 Toyota Camry Hybrid||0%||5 years||None||2nd, Nov. 2020|
|2021 Toyota Corolla||1.9%||5 years||None||2nd, Nov. 2020|
|2021 Toyota Corolla Hybrid||0%||5 years||None||2nd, Nov. 2020|
|2020 Toyota Prius||0%||5 years||None||2nd, Nov. 2020|
|2021 Toyota Prius||1.9%||5 years||None|
|2021 Toyota Corolla Hatchback||1.9%||5 years||None||2nd, Nov. 2020|
|2020 Toyota Highlander||1.9%||5 years||$2,250||2nd, Nov. 2020|
|2020 Toyota Highlander Hybrid||1.9%||5 years||$2,250||2nd, Nov. 2020|
|2020 Toyota RAV4||0%||5 years||None||2nd, Nov. 2020|
|2020 Toyota RAV4 Hybrid||1.9%||5 years||None||2nd, Nov. 2020|
|2020 Toyota Tacoma||1.9%||5 years||None||2nd, Nov. 2020|
|2020 Toyota Tundra||1.9%||5 years||None||2nd, Nov. 2020|
|2021 Toyota Tundra||1.9%||5 years||None||2nd, Nov. 2020|
Toyota Highlander is the only model with a cash bonus on its financing offer.
Best Cash Bonus on Toyota Highlander Lease Deals
For October’s customer cash specials, Toyota’s offers start from $500 to $4,500 on many of its vehicles. Also, all the cashback offers can be had until the 2nd day of November. Bonuses are an extension of their September deals, with slight improvements. The 2020 Toyota highlander lease deals have a cash rebate of $1,750. Let’s see how the cash bonus on the Highlander SUV compares to other models.
|Vehicle Description: Year, Make, & Model||Best Cash Rebates||End Date|
|2020 Highlander||$1,750||2nd, Nov. 2020|
|2020 Highlander Hybrid||$1,000||2nd, Nov. 2020|
|2021 Highlander||$1,750||2nd, Nov. 2020|
|2021 Highlander Hybrid||$1,000||2nd, Nov. 2020|
|2021 Toyota Prius||$1,750||2nd, Nov. 2020|
|2021 Toyota 4Runner||$750||2nd, Nov. 2020|
|2020 Toyota 4Runner||$1,000|
|2021 Toyota RAV4||$1,250||2nd, Nov. 2020|
|2021 Toyota RAV4 Hybrid||$1,000|
|2020 Toyota RAV4||$1,750|
|2020 Toyota RAV4 Hybrid||$1,250||2nd, Nov., 2020|
You’ll find the best Toyota highlander lease deals on the 2020 and 2021 regular versions. In both instances, you stand to get a maximum cash bonus of $1,750. This is $750 more than what you’ll get on the Hybrids.
Frequently Asked Questions
If you are looking to lease a new car, the end of the year would be an ideal time to secure a great lease deal. Franchise dealers often have an agreement with their manufacturers to sell a set number of vehicles by the end of each year. Dealerships are more likely to work with you if they are yet to sell that number by late December.
The best SUV lease deal varies by location and personal preferences. However, the 2020 Nissan Rogue has the best SUV lease for the cheap. The base trim can be had for $159 every month for thirty-six months.
The Manufacturer’s Suggested Retail Price is negotiable on a lease. This is the price a carmaker recommends that a dealer charge for their vehicles. But the MSRP isn’t cast in stone. Although many dealerships would prefer if the MSRP was the final tag price, it is often the beginning of negotiations. Also, it’s common for the MSRP to be non-negotiable when leasing a vehicle that’s in high demand. This is common with brand-new models and redesigns.
A vehicle’s residual value is often negotiable, especially at lease end. In most situations, although not all, the vehicle’s predetermined value at lease end will be higher than the cost of getting a similar model, year, and make from a dealer. But it’s always best to wait for your lessor to initiate the conversation. However, you shouldn’t be so positive about concessions if you are planning an early buyout.
If you are comparing lease offers, it’s hard to tell if it’s an excellent deal or not. Experts recommend that you determine your actual monthly fee against $10k worth of the motor vehicle. Any lease that goes for less than $125 a month for every $10k worth of the automobile should pass for a good deal. Also, any payment under $105 per $10,000 worth of the vehicle is a fantastic lease offer.
Toyota has plenty of lease specials on its 2020 and 2021 models, valid until the start of November. The best Toyota highlander lease deals specials can be had for $319 and $329 a month, on the Standard and Hybrid versions, respectively. You’ll have to put down $3,999, either way. Although customers can access interest-free financing for five years, the Highlander is excluded from this offer. Instead, the best Toyota highlander financing gives you an APR of 1.9 for a similar duration. What makes the Highlander financing unique is that you’ll also receive a cash rebate of $2,250. It’s the only model combining low-interest rates and a cash bonus.