2021 toyota highlander
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21 city / 29 hwy

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2021 Toyota Highlander
$400 / month
$509 / month
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A typical negotiated price before taxes & fees.
Incentives that help lower the selling price of a vehicle.
Available Money Factor of 0.00217 for 36 month lease
Incentives that help lower the selling price of a vehicle.
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What you must know before buying the Toyota Highlander

Justin Cupler
Automotive Editor - October 3, 2020
  • 2021 Highlander is in showrooms
  • Lease: From $379/mo. (2020)
  • Finance: 0% for 60 months (2020)
  • Rebate: Get $1,750 off (2020)

2021 Highlander arrives:

The all-new 2020 Highlander and Highlander Hybrid, with their more upright design similar to the new-generation RAV4 and a new entry-level L trim, are now available.

This month, the Highlander and Highlander Hybrid offers get a few tweaks, including enhanced lease deals and cash rebates.

The 2021 Toyota Highlander is here. It's a carryover model but gains Toyota Safety Sense 2.5, giving it more advanced safety and driver-assist features, and a sportier XSE trim.

The 2021 Highlander arrives with a few cash and lease offers.

Offers from Toyota vary by region and expire November 2, 2020. Deals listed here assume a Southern California location unless noted otherwise.

Lease from $379 per month:

The 2020 Highlander's new 36-month deal on the LE trim runs $379 ($10 decrease) per month with $1,999 due at signing. With an effective monthly cost of $435 ($10 decrease), this is a good value relative to its MSRP.

The 2020 Highlander Hybrid LE has a 36-month promotional lease offer that runs $409 ($10 decrease) per month with $1,999 due at signing. With an effective monthly cost of $465 ($10 decrease), this is a good value relative to its MSRP.

The 2021 Highlander gets its first promotional lease offers this month. They start with the base Highlander L, which carries a 36-month lease that runs 434 per month with $3,084 due at signing. With a $520 effective monthly cost, this is a terrible value relative to its MSRP.

There's also a 36-month promotional lease on the 2021 Highlander Hybrid LE that runs $501 per month with $3,151 due at signing. With an effective monthly cost of $589, this is also a horrible value relative to its MSRP.

All the Highlander's promotional leases allow up to 12,000 miles per year.

Free financing:

The 2020 Highlander gains 0% for 60 months in place of last month's 1.9% deal. It continues to offer 2.9% for 72 months.

There are no APR offers on the 2021 Highlander.

Cash rebate boosted:

The 2020 Highlander features a $1,750 cash rebate ($250 increase). Buyers can't combine this with the low APR above.

There are two cash offers on the 2021 Highlander: $1,000 off with financing through Toyota or $750 without Toyota financing.

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Advertised Lease Deals

L (Estimated Payment)
$434Monthly Payment
Term Length (months): 36
Due at signing: $3,084
Mileage: 12k
MSRP: $35,985
Deal Valid in: Southern California
Expiration: 11/2/20

This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.

CarsDirect Target Price

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CarsDirectPricing as of 10/29/20 in 90245
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Cash Incentives

Incentive available to most customers and purchasing situations.
Customer Rebate Customer Cash (Expires 11/2/20) Customer Rebate: Customers must take delivery of this vehicle prior to the expiration date to be eligible for this manufacturer rebate. This rebate may not be available on special factory orders or used in conjunction with special manufacturer financing or leasing programs. Other special financing programs may be available. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Not valid on Special Lease/Preferred Option transactions, APR programs or vehicles otherwise excluded based on the terms and conditions. %Qualification% Must be 18 years of age or older and have a valid driver's license. $750

Financing Incentives

Finance Bonus Cash TFS Cash (Expires 11/2/20) Finance Bonus Cash available for qualified customers based on available credit when financing through manufacturer's captive finance company. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Standard APR rates apply. %Qualification% Must finance through TFS. Not all customers will qualify. $1,000

Leasing Incentives

Lease Bonus Cash Lease Subvention Cash (Expires 11/2/20) Bonus cash available for qualified customers leasing a vehicle through the manufacturer's captive finance company on approved credit. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Eligible customers who lease a new and unlicensed, eligible Toyota vehicle (listed on the subvention cash form) from dealer stock, through a participating Toyota Dealer and TFS, are eligible for the Lease Subvention Cash Amount. New*, and untitled eligible vehicles from dealer stock, including demonstrators with 20,000 miles or less. Certain vehicles may not be eligible in all States. %Qualification% Customers must: 1. Be approved for financing by TFS. 2. Lease an eligible vehicle through a participating Toyota Dealer and TFS. 3. Sign and Complete the Subvention Cash Form. $500

Hurry! Offer expires

Leases For Similar Cars

Based on 2021 Toyota Highlander L 4dr Front-wheel Drive - MSRP $35,985

Top Toyota Deals & Must-Know Advice In October

Toyota's deals see a few changes in October. Shoppers may want to consider financing as promotional rates to continue to be strong. Vehicles like the 2020 Camry and RAV4 remain... View All Toyota Lease Deals

2021 Toyota Highlander: Model Preview

Kelly Campbell
Automotive Analyst

Model Preview

As the Highlander just went through a redesign for the 2020 model year, we the 2021 model will be a carryover. However, we could still see some minor changes made within the year. That being said, Toyota has already announced that the popular XSE trim will make its way to the SUV next year.

The new look for the 2020 Highlander brought an overall more aggressive design. From more angled headlights to the sharp body line spanning the length of the vehicle, the new style resembles anything but an everyday people hauler. On the inside, the SUV sports a large dash mounted touch screen, automatic climate control, and leather-wrapped steering wheel and shift knob.

Toyota Highlander

The XSE trim adds a larger bottom grille, black roof rails and mirror caps, and a chrome dual-tip exhaust on the outside, while the interior sees two-toned black and red accents, and a carbon-fiber finished instrument panel. The XSE will be slotted between the XLE and Limited trims.

The 2021 Highlander will continue on with a 3.5-liter V6 paired with an eight-speed automatic transmission. This motor is good for 295 horsepower and 263 lb-ft of torque. It will be available with standard front-wheel drive and an all-wheel drive option.

In terms of safety, we the 2021 Highlander will continue on with the automatic emergency braking, forward collision warning, adaptive cruise control, lane keeping assist, and automatic high beams available on the 2020 model. Although neither have undergone IIHS testing, will the available equipment, the 2021 Highlander will likely be a Top Safety Pick.

The Highlander will compete against the Honda Pilot, Mazda CX-9, and Kia Telluride.

Check prices for the 2021 Toyota Highlander »

Pictured: 2021 Highlander XSE

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