Does Lexus UX have good resale value?
The Lexus UX, a compact luxury crossover SUV, is known for its strong resale value. According to industry experts, the Lexus UX typically retains a higher percentage of its original value compared to many of its competitors in the luxury compact SUV segment.
Factors Affecting the Lexus UX's Resale Value
The Lexus UX's excellent resale value can be attributed to several factors:
- Lexus Brand Reputation: Lexus, the luxury division of Toyota, is renowned for its reliability, quality, and customer satisfaction. This brand reputation helps maintain the UX's value over time.
- Reliability and Durability: The Lexus UX is built on a reliable platform and is known for its long-lasting components, which contribute to its strong resale value.
- Desirability and Demand: The Lexus UX's stylish design, comfortable interior, and array of premium features make it a desirable choice in the luxury compact SUV segment, which helps sustain its resale value.
- Depreciation Rates: Luxury vehicles, in general, tend to depreciate at a slower rate compared to non-luxury models. The Lexus UX's depreciation curve is relatively gentle, allowing owners to recoup a larger portion of their initial investment when selling the vehicle.
These factors combine to make the Lexus UX a smart choice for those looking to maximize their resale value when purchasing a luxury compact SUV.
Lexus UX Resale Value Compared to Competitors
According to industry data, the Lexus UX consistently outperforms many of its competitors in terms of resale value. For example, after three years of ownership, the Lexus UX is estimated to retain around 60-65% of its original value, while some of its rivals may only retain 50-55% of their original value.
This strong resale value can be a significant factor for buyers considering a luxury compact SUV, as it can help offset the higher initial purchase price and make the Lexus UX a more cost-effective choice in the long run.
Conclusion
The Lexus UX's excellent resale value is a testament to the brand's reputation for quality, reliability, and desirability. Factors such as the Lexus brand, the UX's durability, and its competitive position in the luxury compact SUV segment all contribute to its strong residual value. For buyers seeking a luxury compact SUV with a high resale value, the Lexus UX is a compelling option to consider.
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.
What is the Lexus UX comparable to?
Among its rivals, the 2025 Lexus UX is alone in offering a high-efficiency hybrid powertrain. Sure, you'll find mild-hybrid tech in competitors like the Volvo XC40, but the Lexus is the fuel-sipper of this pack.
Does a Lexus UX hold its value?
And it gets even better for 2025. Pricing starts at $37,490. The Lexus UX is the most fuel-efficient luxury SUV on the market. It's also the least expensive and boasts exceptional resale value.
Which luxury SUV holds its value best?
Best Resale Value Luxury Crossover SUVs
- Lexus UX 200: 65.4%
- Lexus NX 300: 61.5%
- Lexus NX 350: 61%
- Lexus NX 250: 60.9%
- Porsche Macan: 60.3%
What are the pros and cons of the 2024 Lexus UX?
2024 Lexus UX
- Highs Frisky road manners, dashing interior design, big bang for the buck.
- Lows Leisurely performance, snug trunk space, four-cylinder sounds unrefined when pressed.
- Verdict It's efficient and a good value, but the UX is an SUV with limited space for SUV-like activities.
Is Lexus UX expensive to insure?
Insuring a Lexus UX usually costs around $1,639 per year with Alliance United. However, the actual price can change depending on factors such as your age, the model year of the car, and other factors.
What is the life expectancy of a Lexus UX?
around 250,000-300,000 miles
Typically, you will find that a Lexus UX will survive around 250,000-300,000 miles, with a high mileage point at 250,000 miles and good mileage at 200,000 miles. The better you care for your vehicle, the longer it will survive on the road.
Are Lexus expensive cars to repair?
Lexus vehicles usually come with pretty average upkeep costs. According to data from RepairPal, the average annual repair cost for a Lexus vehicle is $551. Naturally, this cost can fluctuate based on vehicle model, age, driving conditions, maintenance practices, and more.
What age group buys Lexus?
The brand says its average buyer age is 53 years old, the exact same age as five years ago. Lexus' buyer loyalty is among the strongest in the industry at 60 percent.
Does Lexus or Toyota have better resale value?
"For the third consecutive year, Toyota takes home top honors winning Best Resale Value: Brand, and its sibling Lexus wins Best Resale Value: Luxury Brand," said Rheia Szymczyk, senior manager of valuation operations for Kelley Blue Book.
