Do Lexus NX hold their value?
Yes, the Lexus NX is known for holding its value well over time. According to industry data, the Lexus NX retains a higher percentage of its original purchase price compared to many other luxury compact SUVs on the market.
Lexus NX Resale Value
The Lexus NX is a popular luxury compact SUV that has consistently performed well in terms of resale value. Kelley Blue Book reports that a 3-year-old Lexus NX can retain around 60-65% of its original MSRP, which is considered excellent for the segment. This means that if you purchase a new Lexus NX for $45,000, it would likely be worth around $27,000-$29,000 after 3 years of ownership.
The strong resale value of the Lexus NX can be attributed to several factors:
- Lexus' reputation for reliability and quality
- The NX's desirable design and features
- Limited depreciation compared to other luxury brands
- High demand for used Lexus vehicles
These factors all contribute to the Lexus NX holding its value better than many of its competitors in the luxury compact SUV class.
Comparing Lexus NX to Competitors
When compared to other luxury compact SUVs, the Lexus NX stands out for its strong resale value. According to Edmunds, a 3-year-old Lexus NX can retain around 60-65% of its original value, while competitors like the Acura RDX and BMW X3 may only retain 50-55%. This makes the Lexus NX an attractive option for buyers who plan to own the vehicle for several years and want to minimize depreciation costs.
The Lexus brand's reputation for reliability and customer satisfaction also contributes to the NX's high resale value. Lexus vehicles are known for their quality craftsmanship and dependability, which helps maintain demand for used models.
Factors Affecting Lexus NX Resale Value
Several factors can impact the resale value of a Lexus NX, including:
- Mileage - Lower mileage vehicles typically retain more value
- Condition - Well-maintained vehicles with no major damage or repairs hold their value better
- Options and features - Vehicles with more desirable options and features tend to be worth more
- Market demand - Higher demand for used Lexus NX models can boost resale prices
By taking good care of their Lexus NX and considering these factors, owners can maximize the vehicle's resale value when it comes time to sell or trade it in.
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.
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%.
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.
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%
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.
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.
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.
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 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.
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.
