What should I pay for a 2023 Chevy Traverse?
For a 2023 Chevy Traverse, expect to pay roughly $28,000 to $40,000 on the used market, depending on trim, mileage and condition. New stock from the 2023 model year is limited, so most buyers will be shopping used examples; prices reflect market conditions as of early 2025.
In this article, we outline the current price landscape, explain how trim, mileage, and condition affect value, and offer practical tips to help you negotiate a fair deal. We reference established price guides and market data to help you build a solid, area-specific expectation before you shop.
Price landscape at a glance
Below are the main price bands you’re likely to encounter in today’s listings, organized by mileage and trim. Actual numbers vary by region and vehicle history.
- Low-mileage examples (roughly 0–15,000 miles) tend to command the higher end of the market, often in the mid-to-upper $30k range, especially for well-equipped LT or Premier trims.
- Moderate mileage (15,000–40,000 miles) often fall in the mid $30k to low $40k range, with RS and Premier models typically at the higher end.
- Higher-mileage units (40,000–70,000 miles) commonly list in the $28k–$38k range, depending on history, condition, and whether all-wheel drive is included.
- Very high-mileage or limited-stock 2023 models, if available, may dip toward the mid-to-high $20k range, though such examples are less common.
Concluding: The price you pay will mostly hinge on mileage, trim, and whether the vehicle has AWD, a sunroof, technology packages, or a certified pre-owned warranty. When in doubt, compare several nearby listings to establish a local market baseline.
Key price determinants
These factors drive the price of a 2023 Traverse. Understanding them helps you target a fair offer rather than chasing a moving target.
- Trim level: LS, LT, RS, Premier (each step up adds features and typically raises price).
- Mileage: More miles usually lowers price; low-mileage examples command a premium.
- Drivetrain: All-wheel drive (AWD) generally adds cost versus front-wheel drive (FWD).
- Condition and service history: Clean, well-maintained vehicles with complete records fetch higher prices.
- Accident history and title status: Repaired accident history or branded titles decrease price.
- Location and market demand: Urban areas with higher demand or limited supply can raise prices.
- Warranty and certification: Certified Pre-Owned status can add value and price.
Concluding: Use a baseline price from reputable guides and then adjust for your local market and the specific vehicle's condition to form a target offer.
How to shop and negotiate effectively
These practical steps help you land a fair price while avoiding overpaying for a used 2023 Traverse.
- Check multiple sources: use KBB, Edmunds TMV, CarGurus Instant Market Value, and local dealer inventories to triangulate price.
- Get a history report and inspection: obtain a Carfax/AutoCheck report and have a trusted mechanic inspect the vehicle before purchase.
- Compare similar listings: look for at least 3–5 comparable vehicles in your area to benchmark price.
- Negotiate with data: present market comps, any issues found, and any upcoming maintenance or warranty considerations to support your offer.
- Consider timing and incentives: end-of-month/quarter, holiday sales, or dealer inventory clearances can yield extra room.
Concluding: Being methodical with data, inspections, and negotiation can save you a few thousand dollars and ensure you get a Traverse that suits your needs.
Notes on value by trim (brief overview)
In general, base LS models are typically the most affordable in the used-market spectrum, while LT, RS, and Premier variants carry progressively higher price tags due to added features and technology. AWD adds cost across trims, and any advanced driver-assistance packages or premium audio systems can push prices higher on similarly aged vehicles.
Summary
The 2023 Chevy Traverse remains a roomy, three-row SUV with flexible cargo space and a feature-rich interior. On today’s used-car market, you’re likely to see prices in the roughly $28,000 to $40,000 range, with higher figures for low-mileage or well-equipped trims and lower figures for higher-mileage examples. Use reputable price guides and local listings to establish a fair target, inspect carefully, and negotiate based on concrete data. Always factor in taxes, fees, and potential warranty costs when budgeting.
