How much does a 2020 Lexus NX 300 cost?
The 2020 Lexus NX 300 is a luxury compact SUV that combines style, performance, and advanced technology. As a popular choice among car enthusiasts, many potential buyers are curious about its pricing. In this article, we will explore the various factors that influence the cost of a 2020 Lexus NX 300, including market trends, condition, and additional features.
Base Price and Variants
The starting price for a 2020 Lexus NX 300 typically ranges from $36,000 to $40,000. However, this price can vary based on several factors:
- Trim Levels: The NX 300 comes in different trims, including the base model, F Sport, and Luxury. Each trim offers varying features and amenities, which can affect the overall price.
- Condition: The condition of the vehicle—whether new or used—plays a significant role in pricing. A used model may cost significantly less, depending on mileage and wear.
- Location: Prices can vary by region due to demand and local market conditions. Urban areas may see higher prices compared to rural locations.
- Additional Features: Optional packages and features, such as upgraded audio systems, navigation, and safety technology, can increase the price.
Market Trends
As of early 2025, the used car market has seen fluctuations due to various economic factors. The demand for luxury vehicles like the Lexus NX 300 remains strong, which can keep prices relatively high compared to other compact SUVs. Additionally, the ongoing supply chain issues may affect availability, further influencing pricing.
Conclusion
In summary, the cost of a 2020 Lexus NX 300 can range from $36,000 to $40,000 for new models, with used prices varying based on condition and market factors. If you're considering purchasing this vehicle, it's advisable to research local listings and consult with dealerships to find the best deal that fits your budget.
Frequently Asked Questions
Is Lexus NX 300 a luxury car?
The 2023 Lexus NX compact SUV brings luxury, speed, and safety to its new models. Each trim features a 4-cylinder engine with powerful horsepower for better acceleration and performance.
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.
Do Lexus NX hold their value?
A 2023 Lexus NX has depreciated $9,450 or 23% in the last 2 years and has a current resale value of $30,305 and trade-in value of $26,889. The 2023 Lexus NX is in the top 10-25% for depreciation among all 2023 SUVs.
Is nx 300 worth the money?
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.
How much should I pay for Lexus NX 300?
2021 Lexus NX pricing starts at $25,555 for the NX 300 Sport Utility 4D, which had a starting MSRP of $38,635 when new.
What is a 2020 Lexus NX 300 worth?
A 2020 Lexus NX 300 Sport Utility 4D has depreciated $13,241 or 39% in the last 3 years and has a current resale value of $20,516 and trade-in value of $17,806.
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%
How many miles will a Lexus NX 300 last?
300,000 miles
The Lexus NX is known for its reliability and longevity, reflecting the brand's dedication to quality engineering. On average, a Lexus NX can last up to 300,000 miles or more with proper care and maintenance, according to Vehicle HQ.
What is the resale value of a 2020 Lexus?
A 2020 Lexus ES ES 300h Sedan 4D has depreciated $14,393 or 34% in the last 3 years and has a current resale value of $27,016 and trade-in value of $23,693.
What is the best Lexus NX to buy?
We think the best version is the hybrid. It gets 38 mpg overall, and the powertrain feels more refined during regular driving than the NX 350's 275-hp turbocharged four-cylinder. That engine returned 25 mpg overall in our tests. Handling is responsive though short of sporty, and the ride is firm but comfortable.
