Autoblog and Yahoo may earn commission from links in this article.The 2026 Toyota Grand Highlander XLE is leasing for $429 per month with AWD included, and in a three-row SUV segment where the Honda Pilot, Chevrolet Traverse and Ford Explorer don't even offer a hybrid option, Toyota's larger Highlander variant enters the conversation with a structural advantage. The Grand Highlander slots above the standard Highlander with a longer wheelbase, more cargo room and genuine third-row legroom, and this lease puts it in competitive pricing territory against rivals that offer less flexibility under the hood. The offer expires July 1.2026 Toyota Grand HighlanderThe 2026 Toyota Grand Highlander Lease DealThe offer covers the 2026 Grand Highlander XLE AWD with the 2.4-liter turbocharged four-cylinder and eight-speed automatic (Model 6708). Total SRP is $48,018. Monthly payments are $429 for 36 months, with $3,999 due at signing. That upfront amount includes a $3,570 customer down payment and the first month's payment of $429. No security deposit is required. The net capitalized cost is $41,656, and the lease-end purchase option is $34,093. An acquisition fee of $750 is excluded from the due-at-signing amount, as are taxes, title, license, registration and dealer charges.Toyota Grand Highlander HybridChase BierenkovenMileage is capped at 10,000 miles per year, with a $0.15 per mile overage charge. A $350 disposition fee applies at lease end if you return the vehicle. The offer requires approved credit through Toyota Financial Services and is available at participating dealers in CT, NJ and NY regardless of the buyer's state of residency. Dealer contribution may vary and could affect the final payment.AdvertisementAdvertisementThe offer cannot be combined with TFS Finance Cash, Down Payment Assistance, Trade-in Assistance, Customer Cash, APR or Finance Subvention Cash. A $500 college graduate rebate and a $500 military rebate are also available for qualifying buyers who finance or lease through Toyota Financial Services.What You're GettingThe Grand Highlander is Toyota's answer to buyers who love the standard Highlander but need more space. The longer wheelbase translates directly into a third row that adults can actually sit in and a cargo area that doesn't disappear when all three rows are in use. The XLE trim is the volume seller and comes well equipped with a touchscreen infotainment system, wireless Apple CarPlay and Android Auto, heated front seats, a power liftgate and Toyota Safety Sense as standard.This lease covers the 2.4-liter turbocharged four-cylinder with AWD, which delivers strong performance for a three-row SUV. Toyota also offers the Grand Highlander with an available hybrid powertrain, which is a competitive advantage that the Honda Pilot, Chevrolet Traverse and Ford Explorer cannot match. The Grand Highlander has earned Kelley Blue Book's Best Resale Value award, which means strong residual values that benefit both lease structures and long-term ownership. ToyotaCare is included, covering factory scheduled maintenance for 2 years or 25,000 miles and 24-hour roadside assistance.The Bottom LineThis lease fits the family that has outgrown a compact SUV and wants three usable rows without stepping up to a full-size body-on-frame vehicle. At $429 a month with AWD included, the Grand Highlander XLE is priced competitively against the Pilot, Traverse and Explorer while offering something none of them can: an available hybrid in the same platform.AdvertisementAdvertisementThis story was originally published by Autoblog on Jun 2, 2026, where it first appeared in the Car Buying section. Add Autoblog as a Preferred Source by clicking here.