Used 2023 Toyota 4Runner for Sale nearWaterloo, ON

How much does the 2023 Toyota 4Runner cost?

Prices have softened 6.92% compared to this time last year, making it a favourable time to shop this model year.

There are 136 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2023 Toyota 4Runner a good car?

Yes — the 2023 Toyota 4Runner earns a 4.8/5 user rating and a 7/10 expert rating. The standout strength is Look and feel at 10/10.

Owners consistently praise its reliability, comfort, and strong performance, and many also like the spacious third row and the solid interior layout. The 4Runner’s easy-to-use controls and family-friendly cabin also come through in owner feedback.

The trade-offs are clear: it is not especially polished on-road, and fuel economy is a recurring downside. That makes it a better fit if you want a rugged, traditional SUV rather than a soft-riding commuter.

With its adventure-first character and practical cabin, it suits you best if you value off-road fun and everyday usability over refinement. Good and great deals account for 30.9% of listings, which gives you some room to shop selectively.

Is the 2023 Toyota 4Runner reliable?

Owners rate it 4.8/5, a strong signal of long-term satisfaction.

Owner feedback repeatedly points to reliability, dependability, and a vehicle you can count on over time. The 4Runner’s reputation for legendary reliability also lines up with the expert assessment of its rugged, durable character.

Its straightforward mechanical setup and simple, helpful technology support that long-term ownership appeal. For used buyers, the main risk is that age-related wear may show up in a vehicle that has likely been used hard.

What should I look for when buying a used 2023 Toyota 4Runner?

Key things to evaluate:

• Trim level: The 40th Anniversary Special Edition adds retro body stripes, a heritage grille design, bronze 17-inch wheels, bronze badges, bronze stitching, floor mats, and a numbered dashboard plaque. The line-up also includes SR5, TRD Sport, Limited, TRD Off-Road, and TRD Pro, so base-trim equipment gaps matter if you want a more distinctive or better-equipped truck.
• Powertrain: Every version uses a 4.0-litre V6 with 270 horsepower and a five-speed automatic, and all Canadian models come with standard 4WD. Fuel economy is not a strength, so efficiency should be part of your decision.
• Safety package: Toyota Safety Sense includes forward-collision warning with pedestrian detection, automatic emergency braking, adaptive cruise control, lane-departure warning, and automatic high-beam headlights. Blind-spot monitoring and rear cross-traffic alert are standard on every trim level.
• Infotainment: The biggest touchscreen is 8 inches, and the system includes Apple CarPlay, Android Auto, and SiriusXM satellite radio. Connected services and navigation are available, and the interface is designed to be easy to use.
• Fuel efficiency: Natural Resources Canada rates it at 13.8 L/100 km in combined driving, and the test vehicle averaged 13.9 L/100 km.

Which 2023 Toyota 4Runner trim should I buy?

The 2023 Toyota 4Runner is offered in 6 trim levels: SR5, TRD Sport, Limited, 40th Anniversary Special Edition, TRD Off-Road, and TRD Pro.

Here's the short version:

• SR5: This is the starting point, and it makes the most sense if you want the 4Runner’s core ruggedness without paying for extra appearance or off-road hardware.
• TRD Sport: Choose this if you want a suspension tuned to improve on-road athleticism while staying within the mainstream of the line-up.
• Limited: This is the best fit if you want the full-time 4WD system and a more road-focused setup.
• 40th Anniversary Special Edition: This is the most distinctive choice, with retro styling and bronze accents, but it is best for buyers who value exclusivity over practicality.
• TRD Off-Road: Pick this if you want the suspension that improves wheel articulation by disconnecting the sway bars.
• TRD Pro: This is the most capable performance-oriented version, with a skid plate and Fox shocks tuned for high-speed dirt driving.

The safety package is standard across the range, so your trim decision is mostly about styling, road manners, and off-road hardware.

Is now a good time to buy a used 2023 Toyota 4Runner?

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

• Deal availability: 30.9% of listings are priced as good or great deals.
• Inventory: There are 136 listings available.
• Price trend: Prices have softened 6.92% compared with last year.

If you find a listing below $54,804 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Toyota 4Runner's resale value?

The current average of $55,012 CAD sits slightly below last year's $59,105 CAD.

That softer pricing can help you buy more confidently today, but it also means future sellers may face a more competitive market if prices continue to ease. A model that has already moved down from its prior-year average may not deliver the same upside for resale as a vehicle in a rising market.

Even so, the 4Runner’s strong reputation for reliability and durability should help support demand among shoppers who want a rugged SUV. Vehicles with strong owner satisfaction ratings, like this model year's 4.8/5, tend to retain buyer demand, which supports resale value over time.

Is the 2023 Toyota 4Runner safe?

The 2023 Toyota 4Runner earns an overall four-star rating from NHTSA, with a three-star rating for front passenger protection in a frontal-impact collision and a three-star rating for rollover resistance.

It earns a 3/10 safety score from our experts.

Toyota Safety Sense includes forward-collision warning with pedestrian detection, automatic emergency braking, adaptive cruise control, lane-departure warning, and automatic high-beam headlights. Blind-spot monitoring and rear cross-traffic alert are standard on every trim level.

The main caveat is that the 4Runner’s crash-test results lag behind newer rivals, especially in rollover resistance and small-overlap frontal protection.

Should I buy a 2023 Toyota 4Runner 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:

• 30.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 6.92% compared with last year.
• Owners rate it 4.8/5 — a strong satisfaction signal.
• It adds standard blind-spot monitoring and rear cross-traffic alert, plus the limited-production 40th Anniversary Special Edition.

Consider the 2022 if:

• At $49,518 CAD, the 2022 costs less than the current year's $55,012 CAD average.
• It keeps the rugged, adventure-focused character alive.

Consider the 2024 if:

• At $57,708 CAD, the 2024 costs more than the current year's $55,012 CAD average.
• It adds strong reliability and durability, but the platform still feels dated.

The bottom line: If you want the freshest version of this old-school SUV, the 2023 is the sensible pick. If price matters most, the 2022 is the better value path, while the 2024 only makes sense if you find a compelling listing.

How does the 2023 Toyota 4Runner compare to the 2023 Jeep Grand Cherokee?

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.