Used 2016 Toyota Highlander for Sale nearWaterloo, ON

How much does the 2016 Toyota Highlander cost?

Prices have softened 4.90% compared to this time last year, making it a favourable time to shop this model year.

There are 80 listings available, which gives you a modest 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 very strong owner satisfaction. Owners consistently praise its comfort, reliability, and abundance of features, and they also highlight the smooth ride and powerful V6 engine. That fits well if you want a practical, comfortable midsize SUV with strong family-friendly versatility and a well-equipped cabin. With 26.3% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2016 Toyota Highlander reliable?

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

The owner feedback also points to a reliable, dependable SUV that many people feel comfortable counting on over time. That matters if you want a used family vehicle that is built around long-term ownership rather than short-term excitement. For used buyers, the main risk is less about the Highlander’s core durability and more about finding one that has been maintained properly.

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

This looks like a moderate, selective buyer’s market, so you can shop patiently without assuming every listing is a bargain.

• Deal availability: 26.3% of listings are priced as good or great deals.
• Inventory: There are 80 listings available.
• Price trend: Prices have softened 4.90% compared with last year.

If you find a listing below $22,087 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 $23,256 CAD sits slightly below last year's $24,455 CAD.

That price movement suggests the market has eased a bit, which can help you buy more confidently now but may also limit upside if you plan to sell soon. If you purchase at a strong price and keep the vehicle in good condition, you may be better positioned when it comes time to resell. The Highlander’s broad appeal as a practical family SUV should help support demand, especially among shoppers who value comfort and reliability.

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:

• 26.3% of listings are priced as good or great deals.
• Price trend: Prices have softened 4.90% compared with last year.
• Owners rate it 4.9/5 — a strong satisfaction signal.

The bottom line: The 2016 Highlander makes the most sense if you want a well-equipped, comfortable, and highly rated used SUV and you value current pricing that has softened a bit. If you are especially price-sensitive, you may also want to compare nearby model years to see whether a lower-priced alternative gives you similar practicality for less money.

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

These recommendations are based on CarGurus' proprietary market data from October 27, 2026, CarGurus experts' opinions, and generative AI.