Do Lexus NX hold their value?
The Lexus NX is a popular luxury compact SUV known for its reliability, premium features, and strong resale value. If you're considering purchasing a Lexus NX, you might be wondering whether it holds its value over time. In this article, we’ll explore the factors that contribute to the Lexus NX's resale value and why it remains a smart investment for many car buyers.
Why Resale Value Matters
Resale value is an important consideration when buying a car, especially a luxury vehicle. A car that holds its value well can save you money in the long run, whether you plan to trade it in, sell it privately, or lease it. The Lexus NX is often praised for its ability to retain value, making it a standout choice in the competitive luxury SUV market.
Factors That Help the Lexus NX Retain Value
Several factors contribute to the Lexus NX's strong resale value:
- Reliability: Lexus has a reputation for building reliable vehicles, and the NX is no exception. Its dependability ensures that it remains desirable in the used car market.
- Luxury Features: The NX comes equipped with high-end features, such as advanced safety systems, premium interiors, and cutting-edge technology, which help maintain its appeal over time.
- Brand Reputation: Lexus is known for its quality and customer satisfaction, which boosts buyer confidence and demand for pre-owned models.
- Fuel Efficiency: With hybrid options available, the Lexus NX appeals to eco-conscious buyers, further enhancing its resale value.
How the Lexus NX Compares to Competitors
When compared to other luxury compact SUVs, the Lexus NX often outperforms in terms of resale value. Competitors like the BMW X3 and Audi Q5 may offer similar features, but Lexus's reputation for reliability and lower maintenance costs gives the NX an edge. Additionally, Lexus vehicles tend to depreciate at a slower rate than many European luxury brands.
Tips for Maximizing Resale Value
If you want to ensure your Lexus NX retains as much value as possible, consider the following tips:
- Regular Maintenance: Keep up with scheduled maintenance and repairs to ensure your vehicle remains in top condition.
- Keep Records: Maintain detailed service records to show potential buyers that the car has been well cared for.
- Protect the Exterior: Use protective coatings or covers to prevent damage to the paint and interior.
- Choose Popular Features: When buying new, opt for features and trims that are in high demand, as these will appeal to more buyers later.
Conclusion
The Lexus NX is a solid choice for anyone looking for a luxury SUV that holds its value well. Its combination of reliability, luxury features, and brand reputation makes it a standout in its class. By taking good care of your Lexus NX, you can maximize its resale value and enjoy a great return on your investment when it’s time to sell or trade in.
Frequently Asked Questions
Which luxury SUV has the highest resale value?
Best Resale Value Luxury Large SUVs
- Lexus LX 570: 54.7%
- Lexus LX 600: 54.7%
- Mercedes-Benz G-Class: 54.7%
- Volvo XC90: 45.6%
- Buick Enclave: 45.5%
Is Lexus NX 300 expensive to maintain?
Maintaining a Lexus NX 300 will cost $482 per year on average through the first 5 years of new ownership. Costs and probability of repair increase over time.
Do Lexus hold their resale value?
The secret of Lexus' success is multi-faceted, but one of the plus points for those who love this luxury brand is how well Lexus vehicles hold their value. In a world filled with luxury cars that devalue rapidly as soon as they leave a showroom floor, the Lexus range of desirable vehicles maintain strong resale value.
Is Lexus cheaper to maintain than Toyota?
Is Maintaining a Lexus a Costly Endeavor? It is not quite as cheap to maintain a Lexus as it is to keep a Toyota, but it's pretty close. Maintenance and repairs are pretty inexpensive for Lexus because it is Toyota's luxury subsidiary.
What is the best Lexus NX to buy?
We think the best version is the hybrid. It gets 38 mpg overall, and the powertrain feels more refined during regular driving than the NX 350's 275-hp turbocharged four-cylinder. That engine returned 25 mpg overall in our tests. Handling is responsive though short of sporty, and the ride is firm but comfortable.
How long will my Lexus NX last?
around 300,000 miles
On average, a typical Lexus NX will make it around 300,000 miles with excellent maintenance. That's solid for a luxury vehicle and bodes well for those cautious about spending more on a selection like a Lexus.
Is the Lexus NX a reliable vehicle?
Is a used Lexus NX estate reliable? Incredibly so. In our most recent reliability survey, the NX finished in first place out of 34 cars in the family SUV category, with an amazing score of 99.8%.
Does a Lexus NX hold its value?
A 2022 Lexus NX has depreciated $10,505 or 26% in the last 3 years and has a current resale value of $28,520 and trade-in value of $25,452. The 2022 Lexus NX is in the top 10-25% for depreciation among all 2022 SUVs.
What is the LifeSpan of a Lexus is engine?
Because Lexus engines are very high quality, they easily and routinely last for over 100,000 miles each, and before that point you rarely will have major repairs. However, after the 100,000-mile mark, there are some reports of more repairs.
Does Lexus or Toyota have better resale value?
This year marks the eighth Best Resale Value: Brand win for Toyota, which previously won the same honors in 2014, 2017, 2018, 2019, 2021, 2022 and 2023. For 2024, Lexus celebrates its third consecutive win, and fifth time overall taking home the award for Best Resale Value: Luxury Brand.
