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highlander

2023 TOYOTA HIGHLANDER
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 2023 TOYOTA HIGHLANDER's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2023 TOYOTA HIGHLANDER in 2023 was $41,405.
The average price for used 2023 TOYOTA HIGHLANDER nowadays in 2024 is $39,900 which is 96% from the original price.
Estimated mileage driven per year is 11,461 miles.
The graph below is a depreciation curve for 2023 TOYOTA HIGHLANDER. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA HIGHLANDER in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
YearAverage MileageAverage Price% Left% Lost
2023 MSRP0 mi$41,405100%0%
202311,461 mi$47,195−$5,790−13.98%113.98%-13.98%
202422,922 mi$39,900+$7,295+15.46%96.37%3.63%
202534,383 mi$37,499+$2,401+6.02%90.57%9.43%
202645,844 mi$35,508+$1,991+5.31%85.76%14.24%
202757,305 mi$33,452+$2,056+5.79%80.79%19.21%
202868,766 mi$29,355+$4,097+12.25%70.9%29.1%
202980,227 mi$26,998+$2,357+8.03%65.2%34.8%
203091,688 mi$24,990+$2,008+7.44%60.36%39.64%
2031103,149 mi$21,996+$2,994+11.98%53.12%46.88%
2032114,610 mi$19,999+$1,997+9.08%48.3%51.7%
2033126,071 mi$18,971+$1,028+5.14%45.82%54.18%
2034137,532 mi$15,995+$2,976+15.69%38.63%61.37%

Price vs Mileage

Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA HIGHLANDER’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2023 TOYOTA HIGHLANDER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA HIGHLANDER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
0 mi$41,99352 sales
5,000 mi$42,499279 sales
10,000 mi$41,893386 sales
15,000 mi$39,678290 sales
20,000 mi$38,995279 sales
25,000 mi$37,521192 sales
30,000 mi$37,399135 sales
35,000 mi$38,00078 sales
40,000 mi$37,75025 sales
45,000 mi$37,89814 sales
Frequently asked questions
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Aftermarket modifications can affect the depreciation of 2023 TOYOTA HIGHLANDER either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Other years of TOYOTA HIGHLANDER
highlander
2003 TOYOTA HIGHLANDER
$6,118 average used price
7,900+ sales records
highlander
2005 TOYOTA HIGHLANDER
$6,993 average used price
11,500+ sales records
highlander
2013 TOYOTA HIGHLANDER
$15,995 average used price
52,900+ sales records
highlander
2016 TOYOTA HIGHLANDER
$21,996 average used price
99,400+ sales records
highlander
2020 TOYOTA HIGHLANDER
$33,452 average used price
126,600+ sales records
highlander
2021 TOYOTA HIGHLANDER
$35,508 average used price
191,800+ sales records
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