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By Colin Ryan
Updated January 30, 2025
This generation of Highlander midsize SUV launched for 2020, so there’s plenty of up-to-the-minute technology. This year, Toyota has given the top two trims dual 12.3-inch displays, a feature that’s becoming increasingly popular from Mercedes-Benz down to Kia.
Then there are the usual Toyota traits of excellent build quality, reliability, and robust resale values. There’s an even more fuel-efficient version, the 2023 Highlander Hybrid SUV (reviewed separately).
The Highlander plays in a competitive field of midsize 3-row SUVs. Some of our other favorites include the Kia Telluride, Hyundai Palisade, and Honda Pilot.
2023 Toyota Highlander pricing starts at $34,663 for the Highlander L Sport Utility 4D, which had a starting MSRP of $39,555 when new. The range-topping 2023 Highlander Platinum Sport Utility 4D starts at $42,800 today, originally priced from $52,760.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$39,555 | $34,663 | |||
$41,955 | $35,319 | |||
$44,955 | $39,305 | |||
$46,900 | $40,300 | |||
$49,560 | $40,748 | |||
$52,760 | $42,800 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Toyota Highlander models in typical condition when purchasing from a dealership. These prices are updated weekly.
From a performance perspective, nothing was especially lacking in the V6 that powered the Highlander SUV up until this model year. Now the new turbocharged 4-cylinder unit we tested develops more thrust, which we felt when moving away from a standstill and when calling on maximum muscle to make it up steep climbs.
The sport-tuned suspension in the XSE version might bring a slightly mischievous glint to a driver’s eye when driving solo on back roads, but life in a 2023 Highlander is generally quite relaxed.
An optional all-wheel-drive (AWD) system adds confident traction on snowy roads. From the XSE version and up, all-wheel drive also includes torque vectoring, distributing the right amount of power to each wheel, depending on which has the most grip, and tackling corners with utmost efficiency.
Eight occupants can fit into the L and LE trims. The XLE and Limited versions have a pair of captain’s chairs in row two, bringing the seat count down to seven, but offer the option of a 3-person bench seat. Those captain’s chairs are non-negotiable in the XSE and Platinum variants.
Space in the first two rows is plentiful. Legroom for the second row is a generous 41 inches. Things get a little tighter in the third row, but it’s nice that the extra seats are there if you need them.
One minor change this year is that, where it’s fitted, the wireless charging pad moves to a more convenient spot. And speaking of convenience, every new Highlander 3-row SUV comes with eight cup holders, six bottle holders, and a concave conversation mirror to help the driver keep tabs on those in the back.
A careful corporate styling approach means the 2023 Highlander doesn’t make any visual statements that might be considered too bold. There’s a little more swagger from the XSE trim and up with 20-inch alloy wheels.
This year, Limited and Platinum trims gain power-folding side mirrors, which are nice to have in tight parking spots. Cypress, a fairly dark green, is a new paint choice.
In terms of size, the Highlander is slotted between the Venza and the Sequoia in the Toyota lineup. The size of the Highlander is similar to 3-row rivals like the Kia Telluride and Honda Pilot.
Turbocharged engine
The new turbo engine powering the Toyota Highlander delivers more torque and returns better fuel economy than the outgoing V6. It also boasts a 5,000-pound towing capacity, which is on par for this segment.
3-row seating
The family-friendly interior of the Toyota Highlander comes standard with three rows of seats with room for up to eight people. Second-row captain’s chairs are optional, making the second row more comfortable and the third row easier to access.
Wireless smartphone connectivity
The standard 8-inch infotainment system and the optional 12.3-inch screen both come with wireless Android Auto and Apple CarPlay. Connect your phone to the screen in your car without taking it out of your purse or pocket.
Toyota Safety Sense 2.5+
The standard Toyota Safety Sense 2.5+ bundles a range of driver assistance technologies including automatic emergency braking, full-speed adaptive cruise control, lane-keep assist, road sign assist, and automatic high beams.
Dual 12.3-inch displays
New for 2023 in the Limited and Platinum trims, one is for driver information, the other for controlling the infotainment system. The driver’s display has four different modes with cheeky names: Casual, Smart, Tough, and Sporty.
JBL audio system
Another feature reserved for the two most expensive versions of the 2023 Highlander, sadly. But JBL is part of the same company that includes other illustrious audio brands like Harman Kardon and Mark Levinson. The latter is well-known to Lexus owners.
The most affordable new Highlander SUV is the L trim, with 18-inch alloy wheels, LED exterior lighting, keyless entry/ignition, 3-zone automatic climate control, 8-way power-adjustable driver’s seat, and cloth upholstery.
Driver assistance features include forward collision warning with automatic emergency braking, adaptive cruise control, lane-tracing assistance, lane-departure alert, and automatic high beams.
The infotainment system has an 8-inch touchscreen, Apple CarPlay/Android Auto smartphone integration, Amazon Alexa compatibility, one USB-A port, four USB-C ports, Bluetooth, and satellite radio.
A better choice would be the next-up LE trim, with blind-spot monitoring, LED fog lights, height-adjustable powered tailgate, remote start/lock/unlock (optional in the L), a leather-wrapped steering wheel, and Wi-Fi.
It isn’t until the XLE trim that roof rails are added, along with 18-inch alloy wheels, powered moonroof, wireless charging, heated front seats (now 10-way power-adjustable for the driver and 8-way for the passenger), simulated leather upholstery, and (new this year) hands-free tailgate operation.
The XSE brings a sport-tuned suspension, 20-inch alloy wheels, ambient cabin lighting, and torque vectoring with the optional all-wheel-drive system, but other differences are mainly cosmetic. Both the XLE and XSE are eligible for a 12.3-inch infotainment touchscreen.
The Limited and Platinum models gain dual 12.3-inch displays, plus a heated steering wheel, heated/ventilated front seats, perforated leather seating surfaces (optional in the XSE), Driver Easy Speak (sending the driver’s voice through the rear speakers — optional in the XLE and XSE), 120-volt outlet, front/rear parking sensors with automatic braking, and an 11-speaker/1,200-watt JBL audio system.
Platinum raises the luxury game even higher with adaptive front lighting, rain-sensing wipers, panoramic roof, 360-degree camera system (optional in the Limited), head-up display, digital rearview mirror, and heated second-row seats.
The V6 is no more. This erstwhile 3.5-liter unit has been a mainstay among Toyota engines, but the 2023 Highlander now has greater torque and lower emissions.
The new turbocharged 2.4-liter 4-cylinder engine has less horsepower, more torque, and better fuel economy than the outgoing V6. The sacrifice in horsepower is a worthwhile tradeoff to get better efficiency with the same 5,000-pound tow rating as the outgoing V6.
Like most of its rivals, front-wheel drive (FWD) is standard, with all-wheel drive (AWD) offered as an option. The transmission is an 8-speed automatic.
2.4-liter turbocharged 4-cylinder engine
265 horsepower @ 6,000 rpm
310 lb-ft of torque @ 1,700-3,600 rpm
EPA city/highway fuel economy: 22/29 mpg (FWD), 21/28 mpg (AWD)
More Highlander fuel economy information is available on the EPA’s website.
The Toyota Highlander is backed by a 3-year/36,000-mile basic warranty and a 5-year/60,000-mile powertrain warranty. This is typical protection for the segment.
Since the Highlander’s appeal is primarily as family transport, potential buyers will be reassured by the Insurance Institute for Highway Safety (IIHS) making the current-generation Highlander a Top Safety Pick+, the institute’s highest accolade. The National Highway Traffic Safety Administration (NHTSA) also awarded the Highlander its maximum 5-Star overall score.
Get 5.99% APR for 72 months on a new 2025 Highlander Hybrid.
Lease a new 2025 Highlander Hybrid XLE for $569 per month for 36 months with $3,868 due at signing.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2023 | - | $39,555 | $39,555 | ||
2024 | $6,422 | $33,133 | $29,804 | ||
Now | $801 | $32,332 | $29,240 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 4332 lbs. | ||
---|---|---|---|
EPA Passenger | 141.8 cu.ft. | ||
Fuel Capacity | 17.9 gallons | ||
Front Head Room | 41.2 inches | ||
Front Leg Room | 42.0 inches | ||
Max Seating Capacity | 8 | ||
Minimum Ground Clearance | 8.0 inches | ||
Overall Length | 194.9 inches | ||
Front Shoulder Room | 59.0 inches | ||
Towing Capacity, Maximum | 5000 lbs. | ||
Turning Diameter | 37.4 feet | ||
Wheel Base | 112.2 inches | ||
Gross Vehicle Weight Rating (GVWR) | 5935 lbs. | ||
Width with mirrors | 76.0 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Number of Doors | 4 doors | ||
Privacy Glass | Available | ||
Roof Rails | Available | ||
Rear Spoiler | Available |
City | 20 mpg | ||
---|---|---|---|
Highway | 27 mpg | ||
Combined | 23 mpg |
Drivetrain | AWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
8 speed | Available | ||
Recommended Fuel | Regular | ||
Hill Descent Control | Available | ||
Hill Start Assist | Available |
Horsepower | 265 @ 6000 RPM | ||
---|---|---|---|
Torque | 310 @ 1700 rpm | ||
Engine | 4-Cyl, Turbo, 2.4 Liter |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 5 years / Unlimited miles |
Toyota Safety Sense 2.5+
This set of standard driver assistance features could easily sway buyers toward a new Highlander SUV. It includes forward collision warning with automatic emergency braking, pedestrian detection, daytime cyclist detection, adaptive cruise control, lane-tracing assistance, lane-departure alert with steering assistance, and automatic high beams.
Blind-spot monitoring with rear cross-traffic alert
Alerting drivers to vehicles on either side, whether they’re in adjacent lanes on the freeway or approaching at right angles when reversing out of a parking space, blind-spot monitoring becomes standard in the LE trim. That’s the one up from the base L.
Digital rearview mirror
Exclusive to the top Platinum trim, this replaces the usual rearview mirror with a screen showing the feed from a rear-facing camera. It gives drivers a clear image of what’s behind the 2023 Highlander midsize SUV without anything like passengers’ heads, cargo, or rear pillars obstructing the view.
Used 2023 Toyota Highlander | Used 2023 Subaru Outback | Used 2023 Kia Sorento | Used 2023 Hyundai Santa Fe | ||
---|---|---|---|---|---|
Price | $34,663 | $27,967 | $27,942 | $29,563 | |
KBB.com Rating | 4.5 | 4.6 | 4.7 | 4.7 | |
Consumer Rating | 3.9 | 3.9 | 3.9 | 4.4 | |
Fuel Economy | City 20/Hwy 27/Comb 23 MPG | City 26/Hwy 32/Comb 28 MPG | City 24/Hwy 29/Comb 26 MPG | City 22/Hwy 28/Comb 25 MPG | |
Fuel Type | Gas | N/A | N/A | N/A | |
Safety Rating | N/A | 5.0 | 4.0 | 5.0 | |
Seating Capacity | 8 | 5 | 7 | 5 | |
Basic Warranty | 3 years or 36000 miles | 3 years or 36000 miles | 5 years or 60000 miles | 5 years or 60000 miles | |
Horsepower | 265 @ 6000 RPM | 182 @ 5800 RPM | 191 @ 6100 RPM | 281 @ 5800 RPM | |
Engine | 4-Cyl, Turbo, 2.4 Liter | 4-Cyl, 2.5 Liter | 4-Cyl, GDI, 2.5 Liter | 4-Cyl, Turbo, GDI, 2.5 Liter | |
Drivetrain | AWD | AWD | FWD | FWD |
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The 2023 Toyota Highlander starts at $36,420.
There are plenty of excellent midsize 3-row SUVs, but the 2023 Highlander is definitely among the best. Its build quality, safety scores, strong resale values, and easy-driving nature are just a few attributes.
In its non-hybrid form, the 2023 Highlander midsize SUV can tow up to 5,000 pounds. Most rivals have the same capability.
Yes, the 2023 Toyota Highlander is a good car, as reflected by its above-average Kelley Blue Book rating of 4.5 out of 5.
The 2023 Toyota Highlander is rated to return city/highway fuel economy of 20/27 mpg.
Used 2023 Toyota Highlander prices currently range from $34,663 for the L Sport Utility 4D to $42,800 for the Platinum Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2023 Toyota Highlander is the L Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $34,663.
The 2023 Toyota Highlander is part of the 4th-generation Highlander, which our owners give an above-average reliability rating of 4.1 out of 5.