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Toyota

Toyota - Highlander (2022)

Discover the true value of the Toyota Highlander

The Toyota Highlander has long been a favorite for families who need a blend of comfort, safety, and performance. Whether you’re eyeing the newest 2023 model or a 2022 edition, it’s essential to know how the market shapes its price. The Toyota Highlander price can fluctuate based on trim, mileage, and regional demand, but the figures you’ll find here give you a solid starting point for comparison and planning.

  • Model Year – 2022
  • Body Style – Mid‑size crossover SUV
  • Engine – 3.5‑liter V6, 243 hp & 260 lb‑ft torque
  • Transmission – 8‑speed automatic with continuously variable shift logic
  • Drive Layout – Front‑wheel drive (FWD) with optional all‑wheel drive (AWD)
  • Fuel Type – Regular gasoline (87 octane)
  • Fuel Economy – EPA‑rated 20 mpg city / 27 mpg high way (FWD); 19/26 with AWD
  • Passenger Capacity – 7 seats (3rd‑row configurable)
  • Cargo Space – 16 cubic feet (behind 3rd row); 46 cubic feet (behind 2nd row); 84 cubic feet with 2nd & 3rd rows folded
  • Dimensions – Length 197.7 in; Width 79.4 in; Height 68.1 in; Wheelbase 112.1 in
  • Key Features – Adaptive suspension, Toyota Safety Sense, Apple CarPlay & Android Auto, 8‑spot LED headlamps, premium audio bundle in higher trims
  • Warranty – 3 years/36,000 mi basic; 36 months/36,000 mi powertrain

Depreciation Insight

The Toyota Highlander depreciation curve is moderately steep in the first year but then stabilizes. On average, the vehicle typically loses 15‑20 % of its value in the first year, followed by a yearly decline of 7‑10 % for the next three years. By year five, the cumulative loss often stabilizes around 50‑55 % of the original purchase price. The most significant erosion occurs during the first 24 months due to the steep drop in resale value as new models enter the market.

Below is a simplified depreciation timeline for a 2022 Highlander:

  • 0–12 months: -18 %
  • 12–24 months: -12 %
  • 24–36 months: -8 %
  • 36–48 months: -7 %
  • 48–60 months: -6 %

These percentages are averages based on vehicle condition, mileage, and geographic demand. For instance a high‑mileage, heavily worn 2022 each step can be up to 2 % higher in absolute depreciation.

Assessing the 2022 Toyota Highlander price

When you ask “what is a 2022 Toyota Highlander worth” online, bi‑weekly market surveys generally quote a private‑party trade‑in range of $35,000–$40,000 for a well‑maintained, low‑mileage vehicle. Dealer retail prices can range from $40,000 to $48,000 depending on trim and optional packages. Used Hyundai, Kia, and other mid‑size SUVs may sit slightly cheaper, but the Highlander often maintains a strong resale due to Toyota’s reputation for reliability.

Used Toyota Highlander price variations are influenced by mileage (preferably under 30,000 miles) and condition. A 5‑year‑old Highlander in excellent shape typically sells near the higher end of the mentioned range. If the vehicle has been subject to harsh conditions, accidents, or significant wear, the price may fall by 10‑15 % relative to its baseline.

Comparison with Similar Models

When you compare the Highlander to contemporaries such as the Ford Explorer or the Honda Pilot, a few distinctions emerge: