How much does the 2023 Toyota Highlander cost?

Prices have softened 3.82% compared to this time last year, making it a favorable time to shop this model year.

There are 4,128 listings available, which suggests you should have a reasonable amount of inventory to compare.

If you find a listing below $34,336.52, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Toyota Highlander a good car?

Yes — the 4.75/5 user rating points to strong owner satisfaction.

The 2023 Highlander is positioned as a reliable and practical midsize SUV with a spacious interior and a comfortable ride. It also emphasizes safety and versatility, which makes it especially appealing if you want a family-focused vehicle that covers the basics well. The hybrid variant adds another advantage if you want efficiency without giving up space.

33.2% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2023 Toyota Highlander reliable?

Owners rate it 4.75/5, a strong signal of long-term satisfaction.

The 2023 Highlander’s overview emphasizes reliability, safety, and economy, and it pairs those traits with a comfortable ride and practical interior space. It also benefits from a new turbocharged four-cylinder engine that replaces the previous V6, aiming to improve efficiency while keeping power usable for everyday driving.

For used buyers, that combination suggests lower day-to-day ownership stress, but you should still focus on maintenance history and overall condition to reduce long-term risk.

What should I look for when buying a used 2023 Toyota Highlander?

Accident-free inventory is solid at 85.1% — always verify the vehicle history report.

You should prioritize a history report first, then confirm the vehicle’s maintenance records and any prior damage disclosures. After that, inspect the interior, cargo area, and ride quality closely, since this model is meant to serve as a practical family SUV and condition matters a lot in that role. A careful test drive should focus on comfort, visibility, and how well the vehicle fits your daily needs.

Is now a good time to buy a used 2023 Toyota Highlander?

This looks like a moderate, selective buyer’s market, so you can shop patiently but should move quickly on standout listings.

• Deal availability: 33.2% of listings are priced as good or great deals.
• Inventory: There are 4,128 listings available.
• Price trend: Prices have softened 3.82% compared with last year.
• Clean inventory: 85.1% of listings are accident-free.

If you find a listing below $34,336.52, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Toyota Highlander's resale value?

The current average of $35,778 sits slightly below last year's $37,197.

That price movement suggests the market has eased a bit, which can help you buy at a more favorable entry point today. For future resale, a model with broad family appeal and a reputation for practicality should remain attractive to shoppers who value space, comfort, and efficiency. If you keep the vehicle in strong condition, that should help support demand when it’s time to sell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.75/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Toyota Highlander or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 33.2% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85.1% — always verify the vehicle history report.
• Price trend: Prices have softened 3.82% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $33,248, the 2022 costs less than the current year's $35,778 average.
• It emphasizes safety, comfort, and versatility.

The bottom line: You should lean toward the 2023 if you want the newer model year with a softer price trend and strong shopper appeal. If your priority is saving money upfront, the 2022 is the better value path, especially if you find one in excellent condition and the lower price matters more than the newer-year updates.

These recommendations are based on CarGurus' proprietary market data from July 31, 2026, CarGurus experts' opinions, and generative AI.