How much does the 2023 Toyota Highlander cost?

Prices have softened 4.10% compared to this time last year, making it a favorable time to shop this model year.

There are 3,924 listings available, which suggests you have a meaningful amount of inventory to compare.

If you find a listing below $34,328.14, 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 2023 Toyota Highlander earns a 4.75/5 user rating, which points to strong owner approval.

The Highlander is positioned as a practical, comfort-focused midsize SUV that prioritizes everyday usefulness over excitement. It offers both gas and hybrid powertrains, standard front-wheel drive with available all-wheel drive, and up to 84.3 cubic feet of cargo space with the seats folded down. That makes it a sensible fit if you want a roomy family hauler that is easy to live with.

33.6% of listings are priced as good or great deals, so there is still 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 appeal is tied to being an easy vehicle to live with, and its reputation for reliability is part of that value proposition. It is built around comfort and versatility, which tends to suit buyers who want a dependable family SUV rather than something sporty or complicated.

For used buyers, the main long-term ownership risk is ending up with a vehicle whose condition does not match its reputation, so maintenance history and overall wear matter a lot.

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

Accident-free inventory is solid at 84.7% — always verify the vehicle history report.

You should still check the history report carefully and confirm that the vehicle’s condition matches the listing description. Prioritize a pre-purchase inspection if you are considering a higher-mileage example or one with incomplete service records.

Focus on overall condition, especially signs of prior damage, interior wear, and how well the vehicle’s features and electronics operate during a test drive.

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 and still find worthwhile options.

• Deal availability: 33.6% of listings are priced as good or great deals.
• Inventory: There are 3,924 listings available.
• Price trend: Prices have softened 4.10% compared with last year.
• Clean inventory: 84.7% of listings are accident-free.

If you find a listing below $34,328.14, 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 $35,559 sits slightly below last year's $37,079.

That price movement suggests the market has eased a bit, which can help you buy at a more favorable point if you plan to keep the vehicle for several years. For a future seller, that also means resale value will depend heavily on how well the vehicle is maintained and how clean its history is.

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:

• 33.6% of listings are priced as good or great deals.
• Accident-free inventory is solid at 84.7% — always verify the vehicle history report.
• Price trend: Prices have softened 4.10% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $32,962, the 2022 costs less than the current year's $35,559 average.
• It emphasizes the basics buyers care about most.

The bottom line: The 2023 is the better pick if you want the newer model year and are comfortable paying more for it. If your priority is value, the 2022 is the smarter path because it costs less while still delivering the Highlander’s core family-hauling strengths.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.