Used 2023 Mitsubishi Outlander for Sale nearToronto, ON

How much does the 2023 Mitsubishi Outlander cost?

Prices have softened 13.28% compared to this time last year, making it a favourable time to shop this model year.

There are 434 listings available, which gives you a solid amount of inventory to compare before you buy.

Is the 2023 Mitsubishi Outlander a good car?

With a user rating of 3.67/5, the 2023 Mitsubishi Outlander is a practical pick if you want a compact SUV with standard third-row seating and a more modern cabin layout. Its appeal is strongest if you value seven-seat flexibility in a smaller footprint, along with an available plug-in hybrid version for added versatility. The trade-offs are that the third row is very small and the gas model is tuned more for comfort than speed.

With 30.6% of listings marked as good or great deals, you have a meaningful number of market opportunities to consider.

Is the 2023 Mitsubishi Outlander reliable?

The 2023 Mitsubishi Outlander is positioned as a comfort-focused compact SUV with a modern interior, standard seven-seat layout, and available plug-in hybrid capability. It is also described as pleasantly quiet for the most part, which supports its everyday usability.

For used buyers, the main long-term ownership risk is that accelerated depreciation can weaken value retention over time.

Is now a good time to buy a used 2023 Mitsubishi Outlander?

This is a moderate, selective buyer’s market, so you can shop carefully and still find worthwhile options.

• Deal availability: 30.6% of listings are priced as good or great deals.
• Inventory: There are 434 listings available.
• Price trend: Prices have softened 13.28% compared with last year.

If you find a listing below $30,181 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Mitsubishi Outlander's resale value?

The current average of $30,181 CAD sits slightly below last year's $34,804 CAD.

That price movement suggests the Outlander has already absorbed a meaningful amount of depreciation. If you buy now, you may be entering at a more favourable point than a previous owner did. For a future seller, though, the same trend means you should expect resale value to remain sensitive to market conditions and mileage.

Should I buy a 2023 Mitsubishi Outlander 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:

• 30.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 13.28% compared with last year.

Consider the 2022 if:

• At $26,712 CAD, the 2022 costs less than the current year's $30,181 CAD average.
• It brings a fresh redesign and a more polished overall feel.

The bottom line: Choose the 2023 if you want the broader model-year appeal and are shopping the current market for value. If your priority is the lowest purchase price, the 2022 is the better secondary path, especially if you can live without the 2023's added model-year context.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.