Does 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 holds its value better than many of its competitors in the luxury SUV segment. This makes it an attractive option for buyers who plan to sell or trade in their vehicle in the future.
Factors Affecting Lexus NX's Resale Value
The Lexus NX's excellent resale value can be attributed to several factors:
- Lexus Brand Reputation: Lexus, the luxury division of Toyota, is known for its reliability, quality, and customer satisfaction. This brand reputation helps maintain the NX's value over time.,li>
- Reliability and Durability: The Lexus NX is built with high-quality materials and engineering, which contributes to its long-term reliability and durability. Vehicles that are expected to last longer tend to hold their value better.,
- Desirable Features and Design: The Lexus NX offers a compelling blend of luxury, technology, and performance, which makes it a desirable choice for many buyers. Its attractive design and feature set help maintain its appeal in the used car market.,
- Limited Depreciation: Luxury vehicles, in general, tend to depreciate at a slower rate than non-luxury models. The Lexus NX follows this trend, with its value holding up better than many of its competitors.
These factors combine to make the Lexus NX a strong performer in terms of resale value, which is an important consideration for many car buyers.
Comparing Lexus NX's Resale Value to Competitors
When compared to other luxury compact SUVs, the Lexus NX stands out for its excellent resale value. According to industry data, the Lexus NX typically retains a higher percentage of its original value after 3-5 years of ownership compared to models like the BMW X3, Audi Q5, and Mercedes-Benz GLC.,
This makes the Lexus NX an attractive option for buyers who plan to sell or trade in their vehicle in the future, as they can expect to recoup a larger portion of their initial investment.
Conclusion
In summary, the Lexus NX is known for its strong resale value, which is a key factor for many car buyers. The NX's excellent reputation, reliability, desirable features, and limited depreciation all contribute to its ability to hold its value over time. When compared to other luxury compact SUVs, the Lexus NX stands out as a standout performer in terms of resale value, making it a smart choice for those who plan to sell or trade in their vehicle in the future.
How reliable is Lexus NX?
Its reliability rating was a near-faultless 99.4% and the model was only beaten by its predecessor, the 2014-2021 Lexus NX. In our most recent 2024 survey, it scored a terrific 97.6% and finished fifth, with the first-generation NX once again in the top spot.
What is 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.
What is the LifeSpan of a Lexus is engine?
Many owners report achieving well over 200,000 miles on their IS 250 with proper maintenance and care.
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.
Does Lexus NX have good resale value?
Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles. A new Lexus NX 350 depreciates 41.8 percent after five years, resulting in a resale value of $25,943.
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.
How much should I pay for a 2024 Lexus NX?
The 2024 Lexus NX has a starting sticker price of $40,605, with the range-topping NX 450h+ F SPORT Handling kicking off at $61,155. But Kelley Blue Book Fair Purchase Pricing currently suggests paying $1,660 to $3,694 less than MSRP, depending on trim and equipment. These prices are updated weekly.
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.
Which Lexus model has the best resale value?
9 Lexus Models With Great Resale Value
- Lexus TX – 42.9% Lexus.
- Lexus IS – 43.9% Lexus.
- Lexus NX – 44.9% Lexus.
- Lexus GX – 46.2% Lexus.
- Lexus ES – 47.4% Lexus.
- Lexus RC – 47.9% Lexus.
- Lexus LX – 50.8% Lexus.
- Lexus RX – 51.5% Lexus.
Is the Lexus NX 300 a good car to buy?
On the highway, the NX 300 makes a great road-trip vehicle thanks to its hushed cabin and supple suspension. And even at the base trim level, the NX comes with safety features such as forward collision mitigation, lane departure warning, and blind-spot monitoring with rear-cross traffic alert.
