Used 2023 Toyota Highlander for Sale nearMemphis, TN

How much does the 2023 Toyota Highlander cost?

Prices have softened 4.08% compared to this time last year, making it a favorable time to shop this model year.

There are 3,831 listings available, which gives you a solid amount of inventory to compare before you buy.

Is the 2023 Toyota Highlander a good car?

Yes — 4.75/5 is a strong user rating for this model year, and the Highlander’s appeal comes through clearly in its comfort, practicality, and family-friendly versatility. It offers up to 84.3 cubic feet of cargo space with the seats folded down, along with standard features like an 8-inch touchscreen, Apple CarPlay, Android Auto, Amazon Alexa, and Toyota Safety Sense. If you want a refined midsize SUV that emphasizes everyday usability over driving excitement, this one fits that brief well. 34.6% 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 Highlander’s reputation for reliability is reinforced by its practical design, standard safety equipment, and focus on easy ownership. It is built to be a comfortable, low-drama family SUV, which is exactly the kind of profile many used buyers want when they plan to keep a vehicle for years. For long-term ownership, your biggest risk is less about the model’s core durability and more about finding one that has been maintained well and not worn down by heavy family use.

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

Accident-free inventory is solid at 84.5% — always verify the vehicle history report.

You should still check the history report carefully, because a clean listing percentage does not replace a full record of prior damage or repairs. Put inspection priority on the condition of the interior, cargo area, and third row, since those are the places family use tends to show up first. Focus on overall wear, electronics, and signs of hard use so you can separate a well-kept SUV from one that has simply been cleaned up for sale.

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 the best-priced examples.

• Deal availability: 34.6% of listings are priced as good or great deals.
• Inventory: There are 3,831 listings available.
• Price trend: Prices have softened 4.08% compared with last year.
• Clean inventory: 84.5% of listings are accident-free.

If you find a listing below $34,319, 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 $35,135 sits slightly below last year's $36,628.

That price movement suggests the market has eased a bit, which can help you as a buyer now but may temper short-term upside if you plan to resell soon. Even so, the Highlander’s practical layout and broad appeal should help it stay attractive to future shoppers. If you buy well and keep the vehicle in good condition, you should still have a solid path to resale later.

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 84.5% — always verify the vehicle history report.
• Price trend: Prices have softened 4.08% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $32,384, the 2022 costs less than the current year's $35,135 average.
• It covers the basics well with family-focused versatility and standard safety features.

The bottom line: If you want the newer model year with strong market support and a broad pool of listings, the 2023 is the better all-around pick. If your priority is saving money and you can live with an older model year, the 2022 is the smarter value play.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.