Toyota Grand Highlander

Toyota Grand Highlander: Base MSRP vs. Realistic Price

Toyota’s upcoming three-row SUV offers a blend of the brand’s popular midsize crossover attributes and additional features. However, it’s important not to be misled by the base Manufacturer’s Suggested Retail Price (MSRP). In this exploration, we configure a budget-friendly 2024 Toyota Grand Highlander to provide insight into the actual out-the-door cost.

Toyota Grand Highlander
Toyota Grand Highlander

The base model is ideal for shoppers on a budget

The 2024 Toyota Grand Highlander XLE, starting at a base MSRP of $43,070 for the front-wheel-drive variant, offers an enticing entry point. However, for those seeking all-wheel drive without any additional packages or add-ons, the starting price is $46,005. This model achieves a fuel economy of 21 mpg in the city and an impressive 28 mpg on the highway.

Under the XLE’s hood, you’ll find a 2.4-liter turbo four-cylinder engine, churning out 265 hp and 310 lb-ft of torque. This powerplant is mated to a direct-shift electronically controlled eight-speed automatic transmission.

On the exterior, the XLE boasts 18-inch silver-painted wheels, LED headlights, LED taillights, and heated power side mirrors.

Inside, the base model features silver-painted door and dashboard trim, a generous seven USB ports, Qi-compatible wireless smartphone charging, digital key compatibility, and a three-zone automatic control system with an air filter.

Cargo space is another strong suit, with the 2024 Toyota Grand Highlander XLE offering 20.6 cubic feet of storage space behind the rear seats, expanding to a capacious 97.5 cubic feet when the second and third rows are folded down.

What is a realistic price for a 2024 Toyota Grand Highlander?

According to Edmunds data, the 2024 Grand Highlander XLE base model enjoys the most popularity, and it’s no surprise given its affordability. Our recommendation, however, is to opt for the XLE with the hybrid powertrain. Why the hybrid, you ask? Well, when you examine the features, you essentially get the same offerings as the gasoline-powered trim, but with the added benefit of a fuel-efficient hybrid powerplant.

The starting MSRP for the Hybrid XLE with AWD stands at $47,605. What sets it apart are the impressive fuel economy ratings. Toyota proudly boasts an EPA-estimated 36 mpg in the city and 32 mpg on the highway for this model. Opting for the standard FWD configuration nets you 1 to 2 mpg more in both city and highway driving.

Under the hood, the Hybrid XLE combines a 2.5-liter four-cylinder engine with a hybrid motor, delivering a total of 245 hp and 175 lb-ft of torque. These power sources work in harmony with an electronically controlled continuously variable transmission (CVT).

For those looking to enhance their Grand Highlander further, there are several useful options and accessories to consider:

  • Panoramic moonroof – $1,350 (available with a bench seat at no extra cost)
  • Alloy wheel locks – $105
  • All-weather floor liners – $358 (with installation, $228 without installation)
  • Cargo tote – $60
  • Door edge guards – $155 (to safeguard the paint)
  • Emergency assistance and first-aid kits – $100 (total for both)
  • Mudguards – $149
  • Paint protection film – $439 (covers hood, fenders, side mirrors, and door cups)
  • Quick charge cables – $70
  • Rear hatch cargo lamps – $350
  • Tow hitch receiver – $849

When you add these items to the Hybrid XLE AWD’s base MSRP and factor in the $1,395 destination charge, the total out-the-door price for a practical 2024 Toyota Grand Highlander build comes to $51,650. And let’s not forget the ongoing savings at the fuel pump, thanks to the hybrid powertrain.

For comparison, the higher trims—the Limited and Platinum—start at $49,460 and $53,545 with AWD, respectively. If you were to incorporate the aforementioned packages and accessories into those trims, you’d substantially increase the final price.

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How does the 2024 Toyota Grand Highlander price compare between the base and hybrid models?

Taking a closer look at the gas-powered base model, if you were to include the aforementioned options, accessories, and destination charge, your total expenditure would come to approximately $50,050. Now, compare that to the out-the-door price of the Grand Highlander Hybrid XLE, and you’ll notice a mere $1,600 difference between the two configurations.

Should you opt for the Limited trim, the total would be around $54,840, considering the same extras. Going for the Platinum would push the cost even higher to $58,925. In terms of value, the Hybrid XLE emerges as the most sensible choice, given the valuable features we’ve included in our sample build. It doesn’t cost significantly more than the gasoline version, and the hybrid powertrain brings additional fuel savings into the equation.

When assessing the 2024 Toyota Grand Highlander prices across different trim levels, it’s evident that the base model offers affordability. However, the Hybrid XLE provides superior fuel efficiency for only a slightly higher investment.

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