Used 2023 Hyundai Elantra for Sale nearOakville, ON

How much does the 2023 Hyundai Elantra cost?

Prices have softened 11.50% compared to this time last year, making it a favourable time to shop this model year.

There are 654 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2023 Hyundai Elantra a good car?

Yes — the 2023 Hyundai Elantra earns a 4.88/5 user rating and an 8.67/10 expert rating. The standout strength is Cost effectiveness at 10/10.

Owners consistently praise its fuel economy, safety features, value for the price, and available tech. The overview also points to a car that can work as basic transportation, an efficient hybrid, or a budget-friendly sports sedan, so you get a wide range of personalities in one compact package.

The main trade-offs are its polarising styling and some complaints about interior quality and noise. Even so, the Elantra’s broad appeal makes sense if you want a roomy, efficient, and well-equipped compact sedan.

With 32.9% of listings marked as good or great deals, the market still offers some attractive opportunities.

Is the 2023 Hyundai Elantra reliable?

Owners rate it 4.88/5, a strong signal of long-term satisfaction.

The owner feedback highlights a car that feels dependable in daily use, with praise centred on fuel economy, safety, value, and technology. The expert evaluation also supports that impression by describing the Elantra as cost-effective and well-mannered, with a calm, predictable driving character that should make ownership feel straightforward.

Hyundai’s 5-year, 100,000-kilometre bumper-to-bumper warranty adds another layer of reassurance for used buyers. For long-term ownership, the main risk is that some examples may show the interior-quality and noise complaints owners have mentioned.

What should I look for when buying a used 2023 Hyundai Elantra?

Key things to evaluate:

• Trim level: The base Elantra Essential is the value play, while the Preferred and Luxury trims add more upscale features and a more premium feel. The Luxury trim stands out for looking and feeling more upscale than its price suggests, and the N Line Ultimate is the choice if you want a sportier character.
• Powertrain: You can shop the standard 2.0-litre four-cylinder with an IVT, the Elantra Hybrid with a 4.7 L/100 km combined figure, the N Line Ultimate with a DCT and independent multi-link rear suspension, or the performance-focused Elantra N.
• Safety package: Standard safety equipment includes automatic high-beam headlights, forward-collision warning with pedestrian detection, automatic emergency braking, lane-departure warning, lane-keeping assist, lane-centring assist, a full complement of airbags, ABS with electronic brake force distribution, a driver monitoring system, and a rear-seat reminder system. Higher trims add blind-spot monitoring, rear parking sensors, adaptive cruise control with stop-and-go capability, Highway Driving Assist, safe exit warning, cyclist detection, and intersection turning assist.
• Infotainment: The available 10.25-inch digital instrumentation and 10.25-inch touchscreen setup is a major upgrade. It includes Apple CarPlay, Android Auto, satellite radio, connected services, dynamic voice recognition, navigation, and a wireless charging pad, but CarPlay and Android Auto require a USB connection rather than wireless use.
• Fuel efficiency: The hybrid is rated at 4.7 litres per 100 kilometres in combined driving, while the Luxury test vehicle returned 7.1 L/100 km during evaluation and was close to its official 6.7 L/100 km rating.

Which 2023 Hyundai Elantra trim should I buy?

The 2023 Hyundai Elantra is offered in 5 trim levels: Essential, Preferred, Luxury, N Line Ultimate, and N.

Here's the short version:

• Essential: This is the entry point if you want the lowest-cost way into the Elantra lineup and still value the model’s core strengths.
• Preferred: This is the trim to watch if you want a better-equipped daily driver, especially since the 10.25-inch displays are available here as part of a package.
• Luxury: This is the best-value trim for most shoppers because it brings the upscale cabin feel, the 10.25-inch digital instrumentation and infotainment displays, and the strongest all-round balance of comfort and features.
• N Line Ultimate: Choose this if you want a more engaging drive, the DCT, and the independent multi-link rear suspension.
• N: Pick this if you want the most performance-focused Elantra and the only version with a manual transmission.

The safety package is strongest on the higher trims, where features like blind-spot monitoring, rear parking sensors, adaptive cruise control, and Highway Driving Assist appear.

Is now a good time to buy a used 2023 Hyundai Elantra?

This is a moderate market for selective buyers, so it makes sense to compare listings carefully and move quickly on strong examples.

• Deal availability: 32.9% of listings are priced as good or great deals.
• Inventory: There are 654 listings available.
• Price trend: Prices have softened 11.50% compared with last year.

If you find a listing below $20,894 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Hyundai Elantra's resale value?

The current average of $21,018 CAD sits slightly below last year's $23,750 CAD.

That softer pricing suggests the Elantra is currently more buyer-friendly than it was a year ago. For a future seller, that means you may not see the same pricing strength that existed last year, especially if market conditions stay soft.

Even so, the model’s broad appeal helps support demand. A car that can be efficient, practical, and entertaining tends to attract a wider pool of shoppers when it comes time to sell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.88/5, tend to retain buyer demand, which supports resale value over time.

Is the 2023 Hyundai Elantra safe?

The 2023 Elantra earned a Top Safety Pick rating from the Insurance Institute for Highway Safety (IIHS) and a five-star overall rating from NHTSA, with five-star ratings in all crash-test categories except frontal crash protection, where it received four stars.

It earns a 9/10 safety score from our experts.

Standard safety equipment includes automatic high-beam headlights, forward-collision warning with pedestrian detection, automatic emergency braking, lane-departure warning, lane-keeping assist, lane-centring assist, a full complement of airbags, ABS with electronic brake force distribution, a driver monitoring system, and a rear-seat reminder system.

Higher trims add blind-spot monitoring, rear parking sensors, adaptive cruise control with stop-and-go capability, Highway Driving Assist, safe exit warning, cyclist detection, and intersection turning assist. The main caveat is that the NHTSA frontal crash result trails the rest of the rating set.

Should I buy a 2023 Hyundai Elantra 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:

• 32.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 11.50% compared with last year.
• Owners rate it 4.88/5 — a strong satisfaction signal.
• It combines multiple powertrain choices, strong value, and a well-rounded driving character.

Consider the 2022 if:

• At $18,819 CAD, the 2022 costs less than the current year's $21,018 CAD average.
• It is a value-focused compact sedan with strong standard safety and excellent fuel economy.

Consider the 2024 if:

• At $22,708 CAD, the 2024 costs more than the current year's $21,018 CAD average.
• It adds more style and standard equipment in a mild refresh.

The bottom line: The 2023 is the best all-round pick if you want the strongest mix of value, features, and breadth of choice. If your priority is saving money, the 2022 is the better budget route; if you want the newer refresh and can spend more, the 2024 is worth a look.

These recommendations are based on CarGurus' proprietary market data from September 29, 2026, CarGurus experts' opinions, and generative AI.