Used 2023 Hyundai Palisade for Sale nearWaterloo, ON

How much does the 2023 Hyundai Palisade cost?

Prices have softened 15.81% compared to this time last year, making it a favourable time to shop this model year.

There are 365 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2023 Hyundai Palisade a good car?

Yes — it earns a 5/5 user rating and an 8.8/10 expert rating. The model scores 9/10 across Look and feel, Form and function, Cost effectiveness, Technology, and Safety.

Owners consistently praise its great value, comfortable ride, and excellent features, along with its spaciousness and especially the third row. On the trade-off side, some drivers want more engine power and miss features such as folding side view mirrors and wireless Apple CarPlay.

For a family-focused three-row SUV, that mix makes sense: you get a comfortable, well-equipped cabin with strong everyday appeal. It also shows 30.1% good or great deals in the market, which points to decent shopping opportunities.

Is the 2023 Hyundai Palisade reliable?

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

The owner feedback points to a vehicle that feels reliable, dependable, and trouble-free enough that shoppers keep recommending it for family use. The expert coverage also reinforces that impression by highlighting Hyundai’s strong warranty coverage and the Palisade’s solid overall ownership proposition.

Hyundai’s warranty coverage adds another layer of confidence for used buyers, especially if you plan to keep the vehicle for the long haul. As always, a used example is still worth checking carefully for maintenance history and signs of heavy family use.

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

Key things to evaluate:

• Trim level: The Preferred trim comes with cloth seats, a single sunroof, heated front seats, a heated steering wheel, and heated second-row seats, while the Ultimate Calligraphy adds premium Nappa leather, a dual-pane sunroof, ventilated rear seats, approach lighting, premium rear accent lighting, and a unique grille and bumper. Urban sits between them with leatherette upholstery, ventilated front seats, and a 12.3-inch digital instrument cluster.
• Powertrain: You get a single 3.8-litre V6 with 291 horsepower and 262 pound-feet of torque, paired with an eight-speed automatic transmission and standard all-wheel drive. It is tuned more for comfort and towing than rock-crawling, and it can tow up to 2,268 kilograms.
• Safety package: Hyundai Smart Sense is standard, with forward collision avoidance, driver attention warning, high beam assist, lane-keeping assist, lane-following assist, blind-spot collision avoidance, rear cross-traffic collision avoidance, adaptive cruise control with stop and go, safe exit warning, and rear seat occupant alert. Highway Driving Assist I is standard on Urban, while Highway Driving Assist II is standard on Ultimate Calligraphy.
• Infotainment: A 12.3-inch colour touchscreen is standard, with Apple CarPlay, Android Auto, navigation, HD Radio, SiriusXM satellite radio, and Bluetooth. Wireless charging is standard on Ultimate Calligraphy, and the connected vehicle system is standard across the range.
• Fuel efficiency: The Palisade consumes 12.6 litres per 100 kilometres in city driving, 9.5 on the highway, and 11.2 combined.

Which 2023 Hyundai Palisade trim should I buy?

The 2023 Hyundai Palisade is offered in 3 trim levels: Preferred, Urban, and Ultimate Calligraphy.

Here's the short version:

• Preferred: This is the value play if you want the Palisade’s core strengths without stretching the budget. You still get the standard safety suite, the 12.3-inch touchscreen, heated front seats, a heated steering wheel, and the full-size family-SUV space that makes the Palisade appealing in the first place.
• Urban: This is the best-value upgrade if you want more comfort and tech without jumping all the way to the top trim. It adds leatherette upholstery, ventilated front seats, a 12.3-inch digital instrument cluster, and the premium audio system, while also unlocking Highway Driving Assist I.
• Ultimate Calligraphy: Choose this if you want the most upscale Palisade experience. It adds premium Nappa leather, a dual-pane sunroof, ventilated rear seats, a head-up display, wireless charging, and Highway Driving Assist II, along with the most distinctive exterior and interior touches.

The safety package is strongest as you move up the range, with Highway Driving Assist I on Urban and Highway Driving Assist II on Ultimate Calligraphy.

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

This looks like a moderate market for selective buyers, with enough inventory to compare and some room to negotiate.

• Deal availability: 30.1% of listings are priced as good or great deals.
• Inventory: There are 365 listings available.
• Price trend: Prices have softened 15.81% compared with last year.

If you find a listing below $38,855 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Hyundai Palisade's resale value?

The current average of $38,855 CAD sits slightly below last year's $46,153 CAD.

That price movement suggests the market has cooled, which can be good news if you are buying now but less ideal if you are planning to sell soon. A softer used-price environment usually means future resale gains may be more limited unless demand strengthens.

Even so, the Palisade’s strong equipment list and family-friendly reputation should help it remain appealing to used shoppers. Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Is the 2023 Hyundai Palisade safe?

The 2023 Hyundai Palisade earned a Top Safety Pick+ from the Insurance Institute for Highway Safety (IIHS).

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

Hyundai Smart Sense is standard, and it includes forward collision avoidance, driver attention warning, high beam assist, lane-keeping assist, lane-following assist, blind-spot collision avoidance, rear cross-traffic collision avoidance, adaptive cruise control with stop and go, safe exit warning, and rear seat occupant alert. Highway Driving Assist I is standard on Urban, while Highway Driving Assist II is standard on Ultimate Calligraphy.

Should I buy a 2023 Hyundai Palisade 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:

• 30.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 15.81% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.
• It adds a facelift plus more standard and optional tech and safety features.

Consider the 2022 if:

• At $32,105 CAD, the 2022 costs less than the current year's $38,855 CAD average.
• It offers standard all-wheel drive and a spacious, comfortable family-focused cabin.

Consider the 2024 if:

• At $42,925 CAD, the 2024 costs more than the current year's $38,855 CAD average.
• It brings an upscale feel with thoughtful amenities after the 2023 refresh.

The bottom line: The 2023 is the best all-around choice if you want the refreshed look and added tech without paying the next-year premium. If price is your main priority, the 2022 is the cheaper route; if you want the latest iteration and can spend more, the 2024 is the step up.

How does the 2023 Hyundai Palisade compare to the 2023 Kia Telluride?

Expert Pros & Cons (per CarGurus review team)

2023 Hyundai Palisade:

• Pros: Comfortable, Standard advanced safety features, Great warranty.
• Cons: AWD not standard.

2023 Kia Telluride:

• Pros: Stylish design, Comfortable, Impressive technology.
• Cons: Some interior materials feel cheap, Yeah, umm, that's about it..

Our experts score the 2023 Hyundai Palisade 8.8/10 and the 2023 Kia Telluride 9/10. The Palisade leans on comfort, standard advanced safety features, and a strong warranty, while the Telluride edges ahead on style and technology. Both use the same 3.8L 291 hp V6, but the Telluride has a slightly lower starting MSRP and a bit more used inventory competition.

Read our full side-by-side expert comparison here.

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