How much does the 2023 Toyota Highlander cost?

Prices have softened 3.97% compared to this time last year, making it a favorable time to shop this model year.

There are 4,180 listings available, which suggests solid inventory for shoppers comparing prices and trims.

If you find a listing below $34,329.26, 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 — 4.75/5 is a strong user rating for this model year.

The 2023 Highlander is positioned as a reliable and spacious midsize SUV, and it stands out for its comfortable ride, roomy interior, and strong safety ratings. It also fits well if you want a practical family vehicle with useful cargo flexibility and a balance of power and fuel efficiency.

With 34.6% of listings marked as good or great deals, you have a meaningful share of the market to compare before you buy.

Is the 2023 Toyota Highlander reliable?

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

The 2023 Highlander is described as reliable, practical, and safety-focused, with a comfortable ride and a spacious cabin that support everyday family use. Its overall appeal comes from covering the basics well rather than chasing excitement, which is often a good sign for buyers who want predictable ownership.

For used buyers, the main long-term risk is less about flash and more about finding a well-kept example that has been maintained consistently.

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

Accident-free inventory is solid at 85.3% — always verify the vehicle history report.

You should prioritize a history report first, then focus on a pre-purchase inspection so you can confirm the vehicle's condition before committing. Pay close attention to signs of wear in the interior, cargo area, and suspension, since family SUVs often see heavy daily use.

Because this model is valued for practicality and comfort, condition matters as much as price when you're comparing listings.

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 carefully without rushing.

• Deal availability: 34.6% of listings are priced as good or great deals.
• Inventory: There are 4,180 listings available.
• Price trend: Prices have softened 3.97% compared with last year.
• Clean inventory: 85.3% of listings are accident-free.

If you find a listing below $34,329.26, 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 $35,701 sits slightly below last year's $37,175.

That price movement suggests the market has eased a bit, which can help you buy more confidently now if you're planning to keep the vehicle for several years. For a future seller, a softer entry price can also mean less downside if the model continues to hold steady demand.

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:

• 34.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85.3% — always verify the vehicle history report.
• Price trend: Prices have softened 3.97% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $33,146, the 2022 costs less than the current year's $35,701 average.
• It offers a well-rounded family package with strong versatility and standard safety features.

The bottom line: If you want the newer model year and are comfortable paying closer to the current market average, the 2023 is the better primary path. If your priority is saving money up front, the 2022 is the better secondary path because it comes in noticeably lower while still delivering the Highlander's core family-friendly strengths.

These recommendations are based on CarGurus' proprietary market data from August 7, 2026, CarGurus experts' opinions, and generative AI.