Does Lexus LX hold value?
Yes—the Lexus LX generally holds its value better than many rivals in the luxury full-size SUV category, thanks to reliability, resale demand, and limited supply. Depreciation remains a factor, but the LX’s resale performance is relatively strong for its segment.
Beyond that baseline, this article explains how the LX maintains value, what buyers and sellers should know, and how market conditions influence prices for current and outgoing models.
Value retention drivers
Several factors come together to support the LX’s resale strength. Here is what tends to influence how well a used LX retains its value:
- Reliability and Toyota pedigree: The LX sits on a proven platform and benefits from long-term durability expectations typical of Toyota and Lexus vehicles.
- Brand prestige and buyer demand: The LX is seen as a premium, capable luxury SUV, which keeps demand high in the used market.
- Limited supply and favorable market perception: Fewer off-lease or trade-in LXs hit the market at any given time, helping used prices hold up.
- Off-road capability paired with luxury: The LX’s combination of luxury features and solid off-road capability broadens its appeal beyond traditional luxury-SUV buyers.
- Market data and residuals: Independent resale trackers and pricing guides typically show slower depreciation for the LX compared with many peers, especially in well-kept examples with complete service histories.
Taken together, these factors help the LX hold value relative to many luxury peers, though depreciation is still a reality given the vehicle’s high purchase price and ongoing ownership costs.
Market context and caveats
While the LX tends to resist rapid depreciation, several market realities can influence its resale trajectory. Here are key considerations for prospective buyers and current owners:
- Depreciation varies by generation and model year: Older LX models and newer generations can follow different depreciation paths based on demand, condition, and mileage.
- Cost of ownership matters: Maintenance, parts, and repair costs for a high-end SUV can affect perceived value, particularly as the vehicle ages.
- Model-year refreshes and new generation launches: A new LX generation or major updates can shift used prices for older models as buyers anticipate newer features and warranties.
- Competition and market conditions: Shifts in the luxury SUV segment, including new entrants or updates from rivals, can influence resale curves for the LX.
- Mileage and condition are decisive: Like any vehicle, low mileage with a full-service history tends to preserve value more effectively than high-mileage examples with gaps in maintenance.
Understanding these dynamics helps owners manage expectations and timing when buying or selling a used LX.
What buyers and sellers can do
To maximize resale value, consider these practical steps that reflect the LX’s position in the market:
- Buy well-maintained examples with complete service records and limited accident history.
- Avoid excessive mileage early in ownership; low-mileage samples tend to fetch stronger resale prices.
- Keep documentation of routine maintenance, including timing for major services and any factory-recommended work.
- Choose a model year with a proven track record and consider the potential benefits of the latest generation if you plan to keep the vehicle longer.
- Protect the interior and exterior to minimize wear, as cosmetic condition strongly influences used-car valuations.
Following these guidelines can help owners realize stronger returns when it’s time to sell or trade in an LX.
Summary
The Lexus LX generally holds its value better than many other luxury full-size SUVs, driven by reliability, brand prestige, and careful supply-demand dynamics. While depreciation is still a consideration, the LX’s resale performance remains robust relative to peers, particularly for well-maintained, low-mileage examples. Prospective buyers should weigh ownership costs, model-year differences, and market conditions, and sellers should focus on documentation, maintenance history, and preserving cosmetic condition to optimize resale outcomes.
Does the Lexus LX hold its value?
A 2023 Lexus LX has a current resale value of $81,115 and trade-in value of $78,329. The 2023 Lexus LX is in the top 10-25% for depreciation among all 2023 SUVs.
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.
Which Lexus holds its value best?
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.
What is the #1 most depreciating car?
Cars That Hold Their Value Worst
- Jagur I-Pace: 72.2% Depreciation.
- BMW 7 Series: 67.1% Depreciation.
- Tesla Model S: 65.2% Depreciation.
- Infiniti QX80: 65.0% Depreciation.
- Maserati Ghibli: 64.7% Depreciation.
- BMW 5 Series: 64.7% Depreciation.
- Nissan Leaf: 64.1% Depreciation.
- Maserati Levante: 63.7% Depreciation.
