Do Lexus RX 350 hold their value?
Yes, the Lexus RX 350 is known for holding its value well over time. As a luxury midsize SUV, the RX 350 has a reputation for reliability, quality, and strong resale value compared to many of its competitors in the segment.
Factors Contributing to the Lexus RX 350's Resale Value
There are several key factors that contribute to the Lexus RX 350's ability to retain its value over time:
- Reputation for Reliability and Quality - Lexus, the luxury division of Toyota, is widely regarded as one of the most reliable and well-built automotive brands. The RX 350 inherits this reputation, which helps maintain its value.
- Desirable Features and Design - The RX 350 offers a comfortable, well-appointed interior, smooth ride, and an attractive, modern design that continues to appeal to used car buyers.
- Low Depreciation Rates - Lexus vehicles, including the RX 350, typically experience lower depreciation rates compared to many other luxury SUVs. This helps the RX 350 hold its value better over time.
- Strong Demand for Used Lexus Vehicles - There is consistently high demand for used Lexus vehicles, including the RX 350, from both individual buyers and dealers. This demand helps maintain resale values.li>
Overall, the combination of Lexus' reputation, the RX 350's desirable features and design, low depreciation rates, and strong demand for used Lexus models all contribute to the vehicle's ability to hold its value exceptionally well over time.
Comparing the Lexus RX 350's Resale Value
When compared to other midsize luxury SUVs, the Lexus RX 350 stands out for its strong resale value. According to industry data, the RX 350 typically retains a higher percentage of its original MSRP after 3-5 years of ownership compared to competitors like the BMW X5, Mercedes-Benz GLE, and Acura MDX.p>
This makes the Lexus RX 350 an attractive option for buyers who plan to own the vehicle for several years and then sell it, as they can expect to recoup a larger portion of their initial investment.
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.
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.
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.
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 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.
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.
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.
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.
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.
