Is the Toyota Grand Highlander lease a good deal?

Advertised at $459/mo, the Toyota Grand Highlander truly costs about $550/mo once the $3,999 due at signing is spread across the 39-month term. We grade it B.

What is the real monthly cost of the Toyota Grand Highlander lease?

About $550 per month, versus the $459 advertised payment.

Toyota Grand Highlander Lease Deals: $459/mo, True Cost $550/mo (November 2026)

Name: Toyota Grand Highlander lease
Brand: Toyota
Price: 459 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$459/mo

Due at signing$3,999

Term39 months

True cost$550/mo

GradeB

Offer endsNovember 30, 2026

vs rivals: Buick Enclave $617/mo · Nissan Murano $525/mo · Toyota Highlander $589/mo

All 33 midsize and large SUVs with a lease, ranked →

Deal grade

Advertised

$459/mo

True cost

$550/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.15%. How we grade

How $459 becomes $550

The ad says $459 a month, and it also asks for $3,999 at signing.
$459 of that is your first payment. The other $3,540 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,540 is $91 a month.

$459advertised payment

$91up-front money, each month

$550true cost a month

$3,999

Due at signing

39 mo

Term

$21,441

Total cost

1.15%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 2WD Wagon XLE L4 8AT MSRP $47,883	$459	$3,999	39 mo	$550	B
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $52,789	$489	$3,999	39 mo	$579	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $459: $17,442
Total for 39 months: $21,441
True cost each month: $550
Cost for each mile, with 32,500 miles allowed: $0.66
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $34,476

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

B+

Deal grade

Advertised

$409/mo

True cost

$527/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.08%. How we grade

How $409 becomes $527

The ad says $409 a month, and it also asks for $4,999 at signing.
$409 of that is your first payment. The other $4,590 is extra money that you pay up front.
Spread across the 39 months of the lease, $4,590 is $118 a month.

$409advertised payment

$118up-front money, each month

$527true cost a month

$4,999

Due at signing

39 mo

Term

$20,541

Total cost

1.08%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Hybrid XLE 2WD Wagon XLE Hybrid CVT MSRP $48,763	$409	$4,999	39 mo	$527	B+
2026 XLE 4WD Wagon XLE L4 8AT MSRP $48,613	$419	$4,999	39 mo	$536	B

The math for the 2026 Hybrid XLE

Due at signing, with payment 1 in it: $4,999
38 more payments of $409: $15,542
Total for 39 months: $20,541
True cost each month: $527
Cost for each mile, with 32,500 miles allowed: $0.63
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $35,597

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$469/mo

True cost

$560/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.15%. How we grade

How $469 becomes $560

The ad says $469 a month, and it also asks for $3,999 at signing.
$469 of that is your first payment. The other $3,530 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,530 is $91 a month.

$469advertised payment

$91up-front money, each month

$560true cost a month

$3,999

Due at signing

39 mo

Term

$21,821

Total cost

1.15%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT MSRP $48,613	$469	$3,999	39 mo	$560	B
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $50,363	$479	$3,999	39 mo	$569	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $469: $17,822
Total for 39 months: $21,821
True cost each month: $560
Cost for each mile, with 39,000 miles allowed: $0.56
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $34,515

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$469/mo

True cost

$560/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.15%. How we grade

How $469 becomes $560

The ad says $469 a month, and it also asks for $3,999 at signing.
$469 of that is your first payment. The other $3,530 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,530 is $91 a month.

$469advertised payment

$91up-front money, each month

$560true cost a month

$3,999

Due at signing

39 mo

Term

$21,821

Total cost

1.15%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT MSRP $48,613	$469	$3,999	39 mo	$560	B
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $50,981	$489	$3,999	39 mo	$579	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $469: $17,822
Total for 39 months: $21,821
True cost each month: $560
Cost for each mile, with 32,500 miles allowed: $0.67
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $35,001

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$489/mo

True cost

$579/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.12%. How we grade

How $489 becomes $579

The ad says $489 a month, and it also asks for $3,999 at signing.
$489 of that is your first payment. The other $3,510 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,510 is $90 a month.

$489advertised payment

$90up-front money, each month

$579true cost a month

$3,999

Due at signing

39 mo

Term

$22,581

Total cost

1.12%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $51,861	$489	$3,999	39 mo	$579	B
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $51,861	$489	$3,999	36 mo	$587	B
2026 Limited 2WD Wagon LIMITED L4 8AT MSRP $54,208	$549	$3,999	39 mo	$637	B
2026 Limited 2WD Wagon LIMITED L4 8AT MSRP $54,208	$559	$3,999	36 mo	$655	B

The math for the 2026 Hybrid XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $489: $18,582
Total for 39 months: $22,581
True cost each month: $579
Cost for each mile, with 39,000 miles allowed: $0.58
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $37,340

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$449/mo

True cost

$540/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.11%. How we grade

How $449 becomes $540

The ad says $449 a month, and it also asks for $3,999 at signing.
$449 of that is your first payment. The other $3,550 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,550 is $91 a month.

$449advertised payment

$91up-front money, each month

$540true cost a month

$3,999

Due at signing

39 mo

Term

$21,061

Total cost

1.11%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT MSRP $48,773	$449	$3,999	39 mo	$540	B
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $51,453	$479	$3,999	39 mo	$569	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $449: $17,062
Total for 39 months: $21,061
True cost each month: $540
Cost for each mile, with 32,500 miles allowed: $0.65
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $35,117

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$469/mo

True cost

$560/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.15%. How we grade

How $469 becomes $560

The ad says $469 a month, and it also asks for $3,999 at signing.
$469 of that is your first payment. The other $3,530 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,530 is $91 a month.

$469advertised payment

$91up-front money, each month

$560true cost a month

$3,999

Due at signing

39 mo

Term

$21,821

Total cost

1.15%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT MSRP $48,613	$469	$3,999	39 mo	$560	B
2026 Hybrid Limited 4WD Wagon LIMITED Hybrid CVT MSRP $57,518	$589	$3,999	39 mo	$676	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $469: $17,822
Total for 39 months: $21,821
True cost each month: $560
Cost for each mile, with 32,500 miles allowed: $0.67
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $35,001

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$429/mo

True cost

$537/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.10%. How we grade

How $429 becomes $537

The ad says $429 a month, and it also asks for $4,639 at signing.
$429 of that is your first payment. The other $4,210 is extra money that you pay up front.
Spread across the 39 months of the lease, $4,210 is $108 a month.

$429advertised payment

$108up-front money, each month

$537true cost a month

$4,639

Due at signing

39 mo

Term

$20,941

Total cost

1.10%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT MSRP $48,773	$429	$4,639	39 mo	$537	B
2026 Hybrid XLE 2WD Wagon XLE Hybrid CVT MSRP $48,763	$429	$4,639	39 mo	$537	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $4,639
38 more payments of $429: $16,302
Total for 39 months: $20,941
True cost each month: $537
Cost for each mile, with 32,500 miles allowed: $0.64
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $35,117

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

B+

Deal grade

Advertised

$439/mo

True cost

$530/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.09%. How we grade

How $439 becomes $530

The ad says $439 a month, and it also asks for $3,999 at signing.
$439 of that is your first payment. The other $3,560 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,560 is $91 a month.

$439advertised payment

$91up-front money, each month

$530true cost a month

$3,999

Due at signing

39 mo

Term

$20,681

Total cost

1.09%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT MSRP $48,613	$439	$3,999	39 mo	$530	B+
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $50,363	$439	$3,999	39 mo	$530	B+

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $439: $16,682
Total for 39 months: $20,681
True cost each month: $530
Cost for each mile, with 32,500 miles allowed: $0.64
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $35,001

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

Deal grade

Advertised

$479/mo

True cost

$569/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.13%. How we grade

How $479 becomes $569

The ad says $479 a month, and it also asks for $3,999 at signing.
$479 of that is your first payment. The other $3,520 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,520 is $90 a month.

$479advertised payment

$90up-front money, each month

$569true cost a month

$3,999

Due at signing

39 mo

Term

$22,201

Total cost

1.13%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Hybrid XLE 4WD Wagon XLE Hybrid CVT MSRP $50,363	$479	$3,999	39 mo	$569	B

The math for the 2026 Hybrid XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $479: $18,202
Total for 39 months: $22,201
True cost each month: $569
Cost for each mile, with 39,000 miles allowed: $0.57
Interest rate inside the lease, from a money factor of 0.00324: 7.78%
Price to buy the car when the lease ends: $36,261

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

How the Toyota Grand Highlander lease changed

Since October 12, 2026, the true cost went up by $12 a month, from $538 to $550.

October 12, 2026: $439/mo, $3,999 due, 36 mo: $538
October 17, 2026: $439/mo, $3,999 due, 36 mo: $538
October 31, 2026: $439/mo, $3,999 due, 36 mo: $538
November 5, 2026: $459/mo, $3,999 due, 39 mo: $550
November 11, 2026: $459/mo, $3,999 due, 39 mo: $550

Each line is the best offer where most regions share it, on the day that we collected the offers.

How it ranks among midsize and large SUVs

The Toyota Grand Highlander has the 15th lowest true cost of 33 midsize and large SUVs with an advertised lease this month. The lowest is the Subaru Outback at $410 a month.

The middle true cost in the class is $566 a month, and the Toyota Grand Highlander costs $16 less. Each month it costs 1.15% of its MSRP, and the middle of the class is 1.26%.

The best Grand Highlander lease in each regionDallas and 3 more regions$459/mo, $3,999 due$550B
Washington and 3 more regions$409/mo, $4,999 due$527B+
Phoenix and 2 more regions$469/mo, $3,999 due$560B
Detroit and 2 more regions$469/mo, $3,999 due$560B
Los Angeles and 1 more region$489/mo, $3,999 due$579B
Chicago and 1 more region$449/mo, $3,999 due$540B
Seattle and 1 more region$469/mo, $3,999 due$560B
St. Louis and 1 more region$429/mo, $4,639 due$537B
New York$439/mo, $3,999 due$530B+
San Francisco$479/mo, $3,999 due$569B
Miami and 5 more regionsNo advertised lease