Got an Offer from a Toyota dealer that I can trade in my 2018 toyota Highlander LE plus with 35k miles and get 28k for the trade in which means i can get a new 2021 Toyota highlander L is only 6k more so i can do a trade in for a new car for only 6k. Seems like a good deal seeing that i will be under warrenty and have a newer car even though it is more of a base model
I know these prices can be region specific so might not be the case where you are but a friend of mine had a 2018 highlander xle which they sold themselves (private party) and just bought a new highlander (same trim) and were left with around $8k extra cash. So just a thought that you might want to consider selling the car yourself instead of trading in if you want to get a newer model.
If you like being in continual debt, go for it.
I wouldn't worry unless you have issues about the warranty since they're pretty bulletproof and an Le is the higher grade option to model isn't it over the L. Why go down and options for 20K?