How much does the 2023 Toyota Sequoia cost?

Prices have softened 7.94% compared to this time last year, making it a favorable time to shop this model year.

There are 843 listings available, which gives you a meaningful pool to compare trims and conditions. If you find a listing below $62,086.24, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Toyota Sequoia a good car?

The 2023 Toyota Sequoia is a mixed but compelling choice if you want a modernized full-size SUV with strong capability and standard tech. It earns 3.75/5 from users and 6.67/10 from experts.

The standout strength is Safety at 10/10.

It stands out because the redesign gives you a technologically advanced SUV with a more compact-feeling cabin layout than many rivals, plus a standard hybrid powertrain and easy-to-use technology. The trade-off is that it is improved in nearly every way except for the full-size SUV part of the equation, so you are giving up some of the space and comfort you might expect from the segment.

The main drawbacks are poor ride quality and a cramped third row, along with not much cargo space. That makes it a better fit if you value towing, modern features, and a distinctive take on the full-size SUV formula more than maximum passenger and cargo room.

With 34.5% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2023 Toyota Sequoia reliable?

The 2023 Toyota Sequoia is built around a standard hybrid powertrain and a redesign that emphasizes capability, technology, and efficiency. Its powertrain combines a twin-turbocharged 3.5-liter V6, an electric motor/generator, and a battery pack, and the expert evaluation describes it as robust and more fuel-efficient than the outgoing model.

The performance notes also point to improved towing and payload capacity, which supports the case for long-term usefulness if you need a heavy-duty family hauler. The cost-effectiveness notes add that the hybrid powertrain promises impressive fuel economy, even if real-world testing fell short of expectations.

Toyota also includes a first scheduled maintenance visit at no charge, which is a small ownership perk that helps early running costs.

For used buyers, the main long-term risk is that the Sequoia’s packaging compromises third-row and cargo utility, so it may age better as a tow vehicle than as an all-purpose people mover.

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

Accident-free inventory is excellent at 92.1% — clean inventory, standard diligence applies.

You should still run a vehicle history report and prioritize a pre-purchase inspection, especially if you are considering a higher-mileage example or one that has been used for towing. Pay close attention to ride quality, brake feel, and how the cabin and cargo area have worn over time, since those are the areas where this SUV’s compromises are most likely to show up.

Key things to evaluate:

• Trim level: The base SR5 gets only an 8-inch touchscreen, while higher versions move to a 14-inch display; the Capstone adds upscale leather, wood, and metallic finishes.
• Powertrain: The hybrid setup pairs a twin-turbocharged 3.5-liter V6 with a 10-speed automatic, a 36-kilowatt electric motor/generator, and a 1.87 kilowatt-hour battery pack; it delivers 437 horsepower and 583 pound-feet of torque.
• Safety package: Toyota Safety Sense 2.5 includes forward-collision warning, pedestrian detection, automatic emergency braking, lane-departure warning, lane-keeping assist, lane-centering assist, adaptive cruise control, automatic high-beam headlights, and road sign recognition.
• Infotainment: Every version gets Toyota Audio Multimedia, wireless Apple CarPlay and Android Auto, and a surround-view camera system; the base SR5 uses an 8-inch touchscreen, while other versions get a 14-inch screen.
• Fuel efficiency: Official EPA ratings are 20 mpg with 4WD and 22 mpg with RWD; testing returned 17.8 mpg in mixed driving.

Which 2023 Toyota Sequoia trim should I buy?

The 2023 Toyota Sequoia is offered in 5 trim levels: SR5, Limited, Platinum, TRD Pro, Capstone.

Here's the short version:

• Base trim: The SR5 is the value entry point, but it starts with the smaller 8-inch touchscreen and lacks the upscale cabin treatment of higher trims.
• Sweet-spot trim: Limited is the best middle-ground choice if you want more equipment without jumping to the luxury-focused upper trims.
• Premium/top trim: Capstone is the most luxurious choice, with leather, wood, metallic finishes, and the 14-inch infotainment display.
• Off-road trim: TRD Pro is the one to choose if off-road capability matters most, though its real-world rough-road limits still trail the previous generation.

Toyota Safety Sense 2.5 is standard across the lineup.

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

This is a moderate market for selective buyers, with enough inventory to shop carefully and enough price softness to reward patience.

• Deal availability: 34.5% of listings are priced as good or great deals.
• Inventory: There are 843 listings available.
• Price trend: Prices have softened 7.94% compared with last year.
• Clean inventory: 92.1% of listings are accident-free.

If you find a listing below $62,086.24, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Toyota Sequoia's resale value?

The current average of $62,064 sits slightly below last year's $67,420.

That price movement suggests the market has softened, which can help you buy more confidently today. For a future seller, it also means you should expect resale value to depend heavily on condition, mileage, and trim, since the model’s average price has already moved down meaningfully.

If you keep the vehicle well maintained and avoid heavy wear from towing or rough use, you should be in a better position to protect value. Higher trims and well-equipped examples may hold appeal, but the market is still rewarding shoppers more than sellers right now.

Is the 2023 Toyota Sequoia safe?

It earns a 10/10 safety score from our experts.

Toyota Safety Sense 2.5 is standard, and it bundles forward-collision warning, pedestrian detection, automatic emergency braking, lane-departure warning, lane-keeping assist, lane-centering assist, adaptive cruise control, automatic high-beam headlights, and road sign recognition. The Sequoia also includes blind-spot monitoring, rear cross-traffic alert, Safety Connect emergency assistance and automatic collision notification, plus front and rear parking sensors with automatic braking.

That standard equipment list is a major strength, and the expert evaluation says the driver aids are impressive overall. The main annoyance noted is the lane-departure warning beep, but the broader safety package is still a standout for used shoppers.

Should I buy a 2023 Toyota Sequoia 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:

• 34.5% of listings are priced as good or great deals.
• Accident-free inventory is excellent at 92.1% — clean inventory, standard diligence applies.
• Price trend: Prices have softened 7.94% compared with last year.
• It brings a redesigned cabin, standard hybrid power, and strong towing capability.

Consider the 2022 if:

• It keeps the older, more traditional full-size SUV formula.
• It offers a roomier, more conventional cargo-and-passenger layout.

Consider the 2024 if:

• At $67,171, the 2024 costs more than the current year's $62,064 average.
• It adds the same hybrid-era strengths with a more recent model-year profile.

The bottom line: If you want the most modern Sequoia experience and can live with the tighter packaging, the 2023 is the better primary pick. If your priority is maximum space or you want to spend less, the older model year may fit your needs better.

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