Is the Toyota Highlander lease a good deal?

Advertised at $499/mo, the Toyota Highlander truly costs about $589/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 Highlander lease?

About $589 per month, versus the $499 advertised payment.

Toyota Highlander Lease Deals: $499/mo, True Cost $589/mo (November 2026)

Name: Toyota Highlander lease
Brand: Toyota
Price: 499 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$499/mo

Due at signing$3,999

Term39 months

True cost$589/mo

GradeB

Offer endsNovember 30, 2026

vs rivals: Chevrolet Blazer EV $744/mo · Nissan Murano $525/mo · Buick Enclave $617/mo

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

Deal grade

Advertised

$499/mo

True cost

$589/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.19%. How we grade

How $499 becomes $589

The ad says $499 a month, and it also asks for $3,999 at signing.
$499 of that is your first payment. The other $3,500 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,500 is $90 a month.

$499advertised payment

$90up-front money, each month

$589true cost a month

$3,999

Due at signing

39 mo

Term

$22,961

Total cost

1.19%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT-F MSRP $49,385	$499	$3,999	39 mo	$589	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $499: $18,962
Total for 39 months: $22,961
True cost each month: $589
Cost for each mile, with 32,500 miles allowed: $0.71
Interest rate inside the lease, from a money factor of 0.00304: 7.30%
Price to buy the car when the lease ends: $33,582

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

$566/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.16%. How we grade

How $449 becomes $566

The ad says $449 a month, and it also asks for $4,999 at signing.
$449 of that is your first payment. The other $4,550 is extra money that you pay up front.
Spread across the 39 months of the lease, $4,550 is $117 a month.

$449advertised payment

$117up-front money, each month

$566true cost a month

$4,999

Due at signing

39 mo

Term

$22,061

Total cost

1.16%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT-F MSRP $48,728	$449	$4,999	39 mo	$566	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $4,999
38 more payments of $449: $17,062
Total for 39 months: $22,061
True cost each month: $566
Cost for each mile, with 32,500 miles allowed: $0.68
Interest rate inside the lease, from a money factor of 0.00304: 7.30%
Price to buy the car when the lease ends: $33,135

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 1.11%. 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

1.11%

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-F MSRP $51,168	$479	$3,999	39 mo	$569	B
2026 XLE 4WD Wagon XLE L4 8AT-F MSRP $49,418	$499	$3,999	39 mo	$589	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 0.00304: 7.30%
Price to buy the car when the lease ends: $36,329

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

$499/mo

True cost

$589/mo

Graded on true cost as a percent of MSRP, against other midsize and large SUVs. This lease is 1.19%. How we grade

How $499 becomes $589

The ad says $499 a month, and it also asks for $3,999 at signing.
$499 of that is your first payment. The other $3,500 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,500 is $90 a month.

$499advertised payment

$90up-front money, each month

$589true cost a month

$3,999

Due at signing

39 mo

Term

$22,961

Total cost

1.19%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 XLE 4WD Wagon XLE L4 8AT-F MSRP $49,563	$499	$3,999	39 mo	$589	B
2026 XLE 4WD Wagon XLE L4 8AT-F MSRP $48,778	$499	$3,999	36 mo	$596	B
2026 Hybrid Limited 4WD Wagon LIMITED Hybrid CVT-F MSRP $55,967	$559	$3,999	39 mo	$647	B
2026 Hybrid Limited 4WD Wagon LIMITED Hybrid CVT-F MSRP $55,967	$569	$3,999	36 mo	$664	B

The math for the 2026 XLE

Due at signing, with payment 1 in it: $3,999
38 more payments of $499: $18,962
Total for 39 months: $22,961
True cost each month: $589
Cost for each mile, with 39,000 miles allowed: $0.59
Interest rate inside the lease, from a money factor of 0.00304: 7.30%
Price to buy the car when the lease ends: $33,207

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

$599/mo

True cost

$686/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 $599 becomes $686

The ad says $599 a month, and it also asks for $3,999 at signing.
$599 of that is your first payment. The other $3,400 is extra money that you pay up front.
Spread across the 39 months of the lease, $3,400 is $87 a month.

$599advertised payment

$87up-front money, each month

$686true cost a month

$3,999

Due at signing

39 mo

Term

$26,761

Total cost

1.15%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 Hybrid Platinum 4WD Wagon PLATINUM Hybrid CVT-F MSRP $59,672	$599	$3,999	39 mo	$686	B

The math for the 2026 Hybrid Platinum

Due at signing, with payment 1 in it: $3,999
38 more payments of $599: $22,762
Total for 39 months: $26,761
True cost each month: $686
Cost for each mile, with 32,500 miles allowed: $0.82
Interest rate inside the lease, from a money factor of 0.00304: 7.30%
Price to buy the car when the lease ends: $41,770

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

$449/mo

True cost

$556/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 $449 becomes $556

The ad says $449 a month, and it also asks for $4,639 at signing.
$449 of that is your first payment. The other $4,190 is extra money that you pay up front.
Spread across the 39 months of the lease, $4,190 is $107 a month.

$449advertised payment

$107up-front money, each month

$556true cost a month

$4,639

Due at signing

39 mo

Term

$21,701

Total cost

1.09%

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-F MSRP $51,098	$449	$4,639	39 mo	$556	B+
2026 XLE 4WD Wagon XLE L4 8AT-F MSRP $48,708	$459	$4,639	39 mo	$566	B

The math for the 2026 Hybrid XLE

Due at signing, with payment 1 in it: $4,639
38 more payments of $449: $17,062
Total for 39 months: $21,701
True cost each month: $556
Cost for each mile, with 32,500 miles allowed: $0.67
Interest rate inside the lease, from a money factor of 0.00304: 7.30%
Price to buy the car when the lease ends: $36,791

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 1.06%. 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

1.06%

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-F MSRP $50,093	$439	$3,999	39 mo	$530	B+
2026 XLE 4WD Wagon XLE L4 8AT-F MSRP $48,253	$449	$3,999	39 mo	$540	B

The math for the 2026 Hybrid 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 0.00304: 7.30%
Price to buy the car when the lease ends: $36,067

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 Highlander lease changed

Since October 12, 2026, the true cost went down by $7 a month, from $596 to $589.

October 12, 2026: $499/mo, $3,999 due, 36 mo: $596
October 17, 2026: $499/mo, $3,999 due, 36 mo: $596
October 31, 2026: $499/mo, $3,999 due, 36 mo: $596
November 5, 2026: $499/mo, $3,999 due, 39 mo: $589
November 11, 2026: $499/mo, $3,999 due, 39 mo: $589

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 Highlander has the 19th 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 Highlander costs $23 more. Each month it costs 1.19% of its MSRP, and the middle of the class is 1.26%.

The best Highlander lease in each regionDallas and 3 more regions$499/mo, $3,999 due$589B
Washington and 3 more regions$449/mo, $4,999 due$566B
Phoenix and 2 more regions$479/mo, $3,999 due$569B
Los Angeles and 1 more region$499/mo, $3,999 due$589B
Seattle and 1 more region$599/mo, $3,999 due$686B
St. Louis and 1 more region$449/mo, $4,639 due$556B+
New York$439/mo, $3,999 due$530B+
Chicago and 11 more regionsNo advertised lease