Does a Lexus NX hold its value?
The Lexus NX, a compact luxury crossover SUV, is known for its strong resale value. According to industry data, the Lexus NX typically retains a higher percentage of its original purchase price compared to many of its competitors in the luxury SUV segment. This makes the NX an attractive option for buyers who are concerned about the long-term value of their vehicle investment.
Factors Affecting Lexus NX Resale Value
Several factors contribute to the Lexus NX's ability to hold its value over time:
- Lexus Brand Reputation: Lexus, the luxury division of Toyota, is renowned for its reliability, quality, and customer satisfaction. This reputation helps maintain the NX's value in the used car market.
- Reliability and Durability: The Lexus NX is built with high-quality components and materials, which translates to a longer lifespan and lower maintenance costs. This makes the NX an appealing choice for used car buyers.li>
- Desirable Features and Design: The Lexus NX offers a compelling blend of luxury, technology, and performance, which helps sustain its demand in the used car market. Its contemporary design and feature-rich interior also contribute to its strong resale value.li>
- Limited Depreciation: Luxury vehicles, in general, tend to depreciate at a slower rate than non-luxury models. The Lexus NX's premium positioning and brand cachet help it retain a higher percentage of its original value over time.
These factors, combined with Lexus' reputation for exceptional customer service and a comprehensive warranty, make the NX a smart choice for buyers who want a vehicle that will hold its value well over the long term.
Comparing Lexus NX Resale Value to Competitors
When compared to other luxury compact SUVs, the Lexus NX consistently ranks among the top performers in terms of resale value. According to industry data, the Lexus NX typically retains a higher percentage of its original purchase price after 3-5 years of ownership compared to models like the BMW X3, Audi Q5, and Mercedes-Benz GLC.
This strong resale value makes the Lexus NX an attractive option for both new and used car buyers, as it helps minimize the financial impact of depreciation over the life of the vehicle.
Is a Lexus NX considered a luxury car?
THE 2025 NX LINE. From the distinctive style and performance of the F SPORT to the highly versatile plug-in hybrid, get to know some of the driver-inspired features found across the NX line of luxury SUVs.
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.
What is the Lexus NX comparable to?
The closest competitors are likely the Infiniti QX50, which features a slick yet dull turbo-4, and the Volvo XC40, which has a charming design and a pricey EV powertrain upgrade. The Mazda CX-50 is also worth a look, with comparable amenities at a lower price point, though it's a little loud.
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.
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%.
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.
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%
Do Lexus NX hold their 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.
Are second-hand Lexus reliable?
If you are in the market for a used luxury car, a Lexus is an excellent choice. Lexus has earned a solid reputation for producing high-quality, reliable, and durable vehicles. Buying a used Lexus affords you opulence and performance at a lower price.
