Lease or Buy a Toyota Sequoia? 3-Year Cost Compared (November 2026)
Over 3 years, leasing a 2026 Sequoia Limited costs $35,226 vs about $19,506 to buy and sell (per CarWhere data) — buy wins by $15,720, and buying's lead grows the longer you keep it.
By the CarWhere Research Team · Manufacturer lease programs, verified CarWhere deals and our depreciation report · Updated daily
Lease for 3 years
| Advertised payment | $899/mo × 39 mo |
|---|---|
| Due at signing | $3,999 |
| Total over 39 months | $38,161 |
| Prorated to 36 months | $35,226 |
| Lease cost, 3 years | $35,226 |
Toyota's California-region offer on the 2026 Sequoia Limited, ends November 30, 2026. No acquisition or disposition fee is listed with the offer, so none is added.
Buy, then sell after 3 years
| MSRP | $80,408 |
|---|---|
| Price CarWhere buyers pay | $75,229 |
| Resale at 3 years (−30.7%) | −$55,723 |
| Cash buy, 3 years | $19,506 |
Price = the $80,408 MSRP minus the 6.4% median discount CarWhere buyers got on the Sequoia (5 verified deals). No manufacturer APR offer is on file, so financing interest is left out (cash purchase).
Buying wins by $15,720 over 3 years.
If you keep it longer
Leasing continuously at the same effective rate vs buying once and selling at year N (resale from our depreciation report; cash purchase).
| Years kept | Lease (continuous) | Buy and sell | Cheaper |
|---|---|---|---|
| 3 | $35,226 | $19,506 | Buy |
| 5 | $58,710 | $31,005 | Buy |
| 6 | $70,452 | $35,668 | Buy |
| 7 | $82,194 | $39,930 | Buy |
| 8 | $93,936 | $44,352 | Buy |
Assumptions
- Lease: $3,999 due at signing + $899 × 38 remaining payments = $38,161 over 39 months, prorated to 36 months ($35,226). You return the car with no excess-mileage or wear charges.
- Buy: the $80,408 MSRP minus the 6.4% median discount CarWhere buyers got on the Sequoia (5 verified deals); sold after 3 years at 69.3% of the MSRP.
- Resale: CarWhere depreciation report (2026-10-25) for the Toyota Sequoia — median used-listing price by model year vs the median new price.
- Excluded on both sides: sales tax, registration, insurance, maintenance and financing interest.
FAQ
Is it better to lease or buy a Sequoia?
Over 3 years, leasing a 2026 Sequoia Limited costs $35,226 vs about $19,506 to buy and sell (per CarWhere data) — buy wins by $15,720, and buying's lead grows the longer you keep it. The lease side is the current advertised Toyota offer ($899/mo for 39 months, $3,999 due at signing); the buy side is the $80,408 MSRP minus the 6.4% median discount CarWhere buyers got on the Sequoia (5 verified deals), less the 30.7% a 3-year-old Sequoia loses in value. Taxes, registration, insurance and maintenance are left out of both.
How much does a Sequoia lose in value in 3 years?
About 30.7% below the new price at 3 years old, from median used-listing prices vs the median new price in CarWhere's depreciation report (2026-10-25). On this $80,408 MSRP that is a resale value of about $55,723.
How long do you have to keep a Sequoia for buying to win?
Buying already costs less at 3 years ($19,506 vs $35,226 to lease), and the gap widens each year you keep it.