Do Lexus RX 350 hold their value?
The Lexus RX 350 is one of the most popular luxury SUVs on the market, known for its reliability, comfort, and premium features. If you're considering purchasing one, you might be wondering whether it holds its value over time. In this article, we’ll explore the factors that contribute to the Lexus RX 350’s resale value and why it remains a strong contender in the luxury SUV segment.
Why Resale Value Matters
Resale value is an important consideration when buying a vehicle, especially a luxury one. A car that holds its value well can save you money in the long run, whether you plan to trade it in or sell it privately. The Lexus RX 350 has consistently been praised for its ability to retain value, making it a smart investment for buyers.
Factors That Help the Lexus RX 350 Retain Value
Several factors contribute to the Lexus RX 350’s strong resale value. Here are the key reasons:
- Reliability: Lexus is renowned for its reliability, and the RX 350 is no exception. Owners often report fewer issues compared to competitors, which makes it a desirable option in the used car market.
- Brand Reputation: Lexus has built a reputation for producing high-quality, luxurious vehicles. This reputation helps maintain demand for the RX 350, even as it ages.
- Low Depreciation Rate: Compared to other luxury SUVs, the RX 350 experiences slower depreciation. This is partly due to its reliability and strong demand.
- High-Quality Materials: The RX 350 is built with premium materials that age well, ensuring that even older models remain attractive to buyers.
- Fuel Efficiency: For a luxury SUV, the RX 350 offers competitive fuel efficiency, which appeals to cost-conscious buyers in the used market.
How the Lexus RX 350 Compares to Competitors
When compared to other luxury SUVs, the Lexus RX 350 often outperforms in terms of resale value. Competitors like the BMW X5 and Mercedes-Benz GLE may offer similar features, but they tend to depreciate faster due to higher maintenance costs and less consistent reliability. The RX 350 strikes a balance between luxury and practicality, making it a standout choice.
Tips for Maximizing Resale Value
If you own or plan to purchase a Lexus RX 350, here are some tips to ensure it retains its value:
- Regular Maintenance: Keep up with scheduled maintenance and address any issues promptly. A well-maintained vehicle is more appealing to buyers.
- Keep Records: Maintain detailed service records to show potential buyers that the car has been cared for properly.
- Protect the Interior and Exterior: Use seat covers, floor mats, and regular waxing to keep the car looking its best.
- Choose Popular Features: When buying new, opt for features that are in high demand, such as all-wheel drive or advanced safety systems.
Conclusion
The Lexus RX 350 is a solid choice for anyone looking for a luxury SUV that holds its value well. Its reliability, brand reputation, and quality construction make it a standout in its class. By taking care of your RX 350 and following the tips above, you can ensure it remains a valuable asset for years to come.
Frequently Asked Questions
What is Lexus most selling SUV?
The RX
The RX is the most popular Lexus SUV, and one of Lexus' 3 row SUV options. Lexus' large SUVs, the GX and LX, are its other 7 seaters which also offer 4 wheel drive. The RZ will be the first electric Lexus SUV model; the Lexus lineup will be all-electric by 2035.
What is the most common problem with Lexus RX350?
Top Lexus RX350 Problems
- Massive Oil Leak and Loss of Oil Pressure.
- Air Conditioning Fault Due to Failed AC Amplifier.
- Sofrware Upgrade For GPS, Radio, and Heater Operation.
- Airbag Warning Light With Code B0111 and/or B0116.
- Check Engine Light With Codes Indicating Fault With the Variable Valve Timing System.
Is Lexus 350 expensive to maintain?
The annual maintenance cost of a Lexus RX350 is $550. Repair and maintenance costs vary depending on age, mileage, location and shop.
What is the best year of RX350 to buy?
If you're looking for a used RX 350, the best model years include 2011, 2015, and 2018 due to aspects like reliability, reviews, and model innovations. However, you'll want to stay away from the 2007, 2008, 2010, and 2017 RX 350s as they, unfortunately, have experienced significant issues.
Which Lexus SUV has the best resale value?
Best Resale Value Luxury Midsize SUVs for 2025. The best resale value luxury midsize SUVs are determined based on analyzing over 3 million vehicles to calculate how much each luxury midsize SUV model depreciates after 5 years. The Lexus RX 350 has the best resale value among luxury midsize SUVs.
Does Lexus IS 350 hold its value?
Lexus IS 350 Depreciation
Like virtually the entire Lexus lineup, the IS 350 holds its value well, and makes for a great investment (from a car standpoint).
What is the life expectancy of a RX350?
250,000 miles
The average vehicle can register around 150,000 miles on the odometer. When it comes to the Lexus RX 350, how long does it last? When properly cared for and driven, the Lexus RX can last for 250,000 miles or more.
Is Lexus RX 350 high maintenance?
A Lexus RX 350 will cost about $7,587 for maintenance and repairs during its first 10 years of service. This beats the industry average for luxury SUV models by $6,565. There is also a 20.47% chance that a RX 350 will require a major repair during that time.
Which Lexus is 350 years to avoid?
Avoid Lexus ES 2013-2016 Model Years
The following generation brought considerable advancements in engine construction and interior material quality. So, while the ES 350 had no oil leaks or melted material, new difficulties arose. 2015 is the worst year for the ES 350 variation of the sixth-generation ES model series.
Does the Lexus RX 350 have good resale value?
The 2023 Lexus RX 350 is our top pick for the best model year value for the RX 350. With the 2023, you would only pay, on average, 87% of the price as new, with 92% of the vehicle's useful life remaining. The 2022 and 2021 model years are also attractive years for the RX 350, and provide a relatively good value.
