How much does the 2023 Toyota Highlander cost?

Prices have softened 3.38% compared to this time last year, making it a favorable time to shop this model year.

There are 4,322 listings available, which suggests you have a healthy amount of inventory to compare.

If you find a listing below $34,335.06, 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 overview describes it as a reliable and spacious midsize SUV with room for up to eight passengers, so it fits well if you want family-friendly practicality. It also emphasizes a comfortable interior, ample cargo space, and a smooth ride, which makes it appealing if you value everyday usability over driving excitement.

With 33.4% of listings marked as good or great deals, you have a meaningful chance to find a competitively priced example.

Is the 2023 Toyota Highlander reliable?

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

The overview highlights reliability as one of its core strengths, along with a comfortable cabin and a practical layout that suits daily use. It also points to advanced safety features and a reputation for dependable ownership, which are exactly the traits many used buyers want in a family SUV.

For used buyers, the main long-term risk is less about the model’s reputation and more about how well a specific example has been maintained.

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

Accident-free inventory is solid at 85% — always verify the vehicle history report.

You should prioritize a history report first, then focus your inspection on signs of prior damage, uneven wear, or poor repairs. Because this model is often bought for family duty, pay close attention to interior condition, cargo-area wear, and whether the cabin features still work as expected.

A careful test drive should confirm that the ride feels smooth and that the vehicle matches the seller’s description.

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

This is a moderate market, so you can buy now if the right listing appears, but selective shoppers should still compare carefully.

• Deal availability: 33.4% of listings are priced as good or great deals.
• Inventory: There are 4,322 listings available.
• Price trend: Prices have softened 3.38% compared with last year.
• Clean inventory: 85.0% of listings are accident-free.

If you find a listing below $34,335.06, 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 $35,976 sits slightly below last year's $37,234.

That softer pricing can help you buy at a more favorable point in the cycle, but it also means future resale gains may depend more on condition and mileage than on broad market appreciation. If you keep the vehicle clean, well-documented, and accident-free, you improve your odds of holding value better than average.

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:

• 33.4% of listings are priced as good or great deals.
• Accident-free inventory is solid at 85% — always verify the vehicle history report.
• Price trend: Prices have softened 3.38% compared with last year.
• Owners rate it 4.75/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $33,336, the 2022 costs less than the current year's $35,976 average.
• It emphasizes basics well, with strong family-friendly versatility and standard safety features.

The bottom line: You should start with the 2023 if you want the newer model year and are comfortable paying more for it. If your priority is saving money, the 2022 is the better value path because it undercuts the current year's average price while still delivering the Highlander's core strengths.

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