Used 2016 Toyota Highlander for Sale nearPeterborough, ON

How much does the 2016 Toyota Highlander cost?

Prices have softened 4.54% compared to this time last year, making it a favourable time to shop this model year.

There are 96 listings available, which gives you a reasonable amount of choice in the used market.

Is the 2016 Toyota Highlander a good car?

Yes — the 2016 Toyota Highlander earns a 4.9/5 user rating, which points to strong owner satisfaction. Owners consistently praise its comfort, reliability, and the abundance of features it offers, while the smooth ride and strong V6 power also stand out. For you, that makes it a sensible fit if you want a practical family SUV with a versatile cabin and generous cargo capacity. With 25% of listings marked as good or great deals, there is still some room to shop carefully.

Is the 2016 Toyota Highlander reliable?

Owners rate it 4.9/5, a strong signal of long-term satisfaction.

The owner feedback repeatedly points to reliability, and the Highlander’s reputation for being dependable and trouble-free is a major part of its appeal. That kind of long-term ownership confidence matters if you want a used SUV you can count on for family duty and everyday driving. For used buyers, the main risk is less about the vehicle’s core durability and more about finding one that has been maintained properly over time.

Is now a good time to buy a used 2016 Toyota Highlander?

This looks like a moderate, selective buyer’s market, so it makes sense to shop carefully and compare listings.

• Deal availability: 25% of listings are priced as good or great deals.
• Inventory: There are 96 listings available.
• Price trend: Prices have softened 4.54% compared with last year.

If you find a listing below $22,104 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Toyota Highlander's resale value?

The current average of $23,145 CAD sits slightly below last year's $24,244 CAD.

That softer pricing suggests the market has eased a bit, which can be helpful if you're buying now but means future sellers may need to price competitively. Even so, the Highlander’s strong reputation and broad family appeal should help it hold buyer interest better than many less established SUVs. If you keep mileage reasonable and maintenance records organised, you should be in a better position when it comes time to sell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.9/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Toyota Highlander or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 25% of listings are priced as good or great deals.
• Price trend: Prices have softened 4.54% compared with last year.
• Owners rate it 4.9/5 — a strong satisfaction signal.

The bottom line: The 2016 Highlander is a strong choice if you want a comfortable, practical, and well-liked family SUV with a favourable price trend. If your priority is stretching your budget further, a nearby year may be worth a look, but the 2016 remains the better all-round pick when you want a balance of value, owner satisfaction, and everyday usefulness.

How does the 2016 Toyota Highlander compare to the 2016 Honda Pilot?

These recommendations are based on CarGurus' proprietary market data from November 3, 2026, CarGurus experts' opinions, and generative AI.