Does Lexus ES hold its value?
Yes. The Lexus ES typically holds its value better than many rivals in the midsize luxury sedan class, thanks to reliability, low maintenance costs, and sustained demand in the used-car market. In this article, we explore why the ES tends to retain value, what the latest resale data shows, and how buyers and owners can maximize resale potential.
Historical resale performance
The Lexus ES has long been recognized for strong resale value within its segment. Several factors help explain why it retains value well over time, including durability, a reputation for reliability, and continued consumer interest in well-maintained luxury sedans.
- Reliability and long-term durability: Lexus vehicles are known for lasting many miles with comparatively few major problems, which reduces depreciation risk.
- Brand perception and desirability: Lexus’ premium image and strong dealer support bolster resale appeal.
- Predictable depreciation relative to peers: The ES typically depreciates more slowly than many competing luxury sedans from Germany or elsewhere in the segment.
- Hybrid variant demand: The ES 300h (hybrid) often attracts buyers seeking efficiency, helping its resale value in markets where hybrids remain popular.
- Ownership cost advantages: Lower ongoing maintenance costs and fewer surprise repairs help preserve value over time.
In summary, these factors combine to make the ES a standout in terms of resale value within its class.
Resale data and benchmarks
Independent resale-value trackers and automotive valuation guides consistently rank the ES among the top-tier options for value retention in the midsize luxury segment. While exact figures vary by model year, mileage, and condition, the ES frequently appears near the top in five-year value retention comparisons and related metrics.
- Industry trackers such as iSeeCars and Kelley Blue Book regularly highlight the ES as a strong performer for value retention in its class.
- ALG and other residual-value analyses often place Lexus models, including the ES, ahead of many competitors when projecting five-year resale value.
- Hybrid variants tend to perform especially well in markets with strong demand for fuel efficiency and low running costs.
Overall, the data from these sources supports the claim that the ES holds value better than many peers, with variations based on year, trim, mileage, and condition.
Tips to maximize resale value
Owners and buyers can take concrete steps to protect or improve resale value when purchasing and owning an ES.
- Choose a well-documented history: favor vehicles with complete maintenance records and fewer accidents.
- Keep up with regular maintenance: adhere to the recommended service schedule and replace tires, brakes, and other wear items as needed.
- Maintain the interior and exterior: keep the cabin clean, treat upholstery, and protect the paint with regular washing and waxing.
- Avoid aftermarket modifications that could reduce resale appeal: stock parts and features are generally more desirable to future buyers.
- Limit mileage growth and consider care during ownership length: lower-mileage examples typically command higher resale prices.
- Preserve original equipment and documentation: retain window stickers, manuals, and any dealer-installed options if possible.
By following these practices, current and prospective ES owners can help ensure the model retains as much value as possible when it comes time to sell or trade in.
Summary
Across model years, the Lexus ES has earned a reputation for strong resale value within the midsize luxury sedan segment. Its blend of reliability, reasonable ownership costs, and ongoing demand contributes to higher residual values compared with many peers. While exact depreciation varies by year, trim, mileage, and condition, the ES remains a prudent choice for buyers focused on long-term value—and a solid option for current owners aiming to maximize resale potential through careful maintenance and care.
Which Lexus holds its value the most?
The Lexus models that hold their value best are the RC F, RC 350, and IS 500 coupes, which retain a high percentage of their value due to strong demand from enthusiasts. The NX 450h+ plug-in hybrid SUV also has excellent resale value due to high demand for fuel-efficient and electric vehicles. Other strong contenders include the RX 350 and GX 460 SUVs, and the ES 350 sedan.
High-value Lexus models
- Lexus RC F: As a performance coupe, it retains a high resale value, retaining approximately 68% after five years.
- Lexus RC 350: This coupe also performs very well in the resale market, retaining about 67.8% to 70.7% of its value after five years.
- Lexus IS 500: A performance sedan that is a strong contender for high resale value, holding around 70.7% of its value after five years.
- Lexus NX 450h+: As a plug-in hybrid, it benefits from high demand for efficient luxury SUVs and is considered a strong investment with exceptional resale value.
- Lexus RX 350: A popular and reliable midsize luxury SUV that holds its value well, with a five-year resale value of around 61%.
- Lexus GX 460: Known for its ruggedness and reliability, this SUV is also a good choice for holding its value.
- Lexus ES 350: This sedan is praised for its durability and low cost of ownership, which contributes to a strong resale value.
Which Lexus depreciates the least?
Lexus RX 350
Even after 10 years, it retains a 42.84% residual value, making it a smart investment for long-term value. Opting for a 2-year-old Lexus RX 350 can save you around $12,383 compared to buying new, with a further three-year depreciation cost of $11,307.
Does the Lexus ES 350 have good resale value?
One of the smartest financial reasons to choose an ES 350 is its excellent resale value. Lexus vehicles are known for retaining their worth exceptionally well, and the ES 350 is no exception. By buying a CPO model that's a few years old, you sidestep the steepest part of the depreciation curve.
Do Lexus ES hold value?
A 2023 Lexus ES has depreciated $13,504 or 31% in the last 2 years and has a current resale value of $29,586 and trade-in value of $25,939. A 2023 Lexus ES has depreciated $13,504 or 31% in the last 2 years and has a current resale value of $29,586 and trade-in value of $25,939.
