How much is a 2016 Lexus RX350 worth?
The 2016 Lexus RX350 is a luxury midsize SUV that has garnered attention for its blend of comfort, performance, and reliability. As a vehicle owner or potential buyer, understanding its current market value is crucial for making informed decisions. In this article, we will explore the factors that influence the worth of a 2016 Lexus RX350 and provide an overview of its pricing in today's market.
Current Market Value
As of February 2025, the value of a 2016 Lexus RX350 typically ranges between $25,000 and $35,000. This price can vary based on several factors, including mileage, condition, location, and additional features. Here’s a breakdown of what influences the pricing:
- Mileage: Lower mileage generally increases the vehicle's value. A well-maintained RX350 with under 60,000 miles can fetch a higher price.
- Condition: The overall condition of the vehicle, including both mechanical and aesthetic aspects, plays a significant role. A car in excellent condition will be valued higher than one with visible wear and tear.
- Location: Prices can vary by region due to demand and supply dynamics. Urban areas may see higher prices compared to rural locations.
- Trim Level: The RX350 comes in various trims, such as the base model, F Sport, and Luxury. Higher trims with more features will command a premium.
- Market Trends: Economic factors and trends in the automotive market can also affect pricing. For instance, a surge in demand for SUVs can lead to higher prices.
Conclusion
In summary, the 2016 Lexus RX350 remains a sought-after vehicle in the luxury SUV market. By considering the factors mentioned above, you can better understand its current value and make informed decisions whether you are buying or selling. Always remember to check local listings and consult with automotive professionals for the most accurate pricing information.
Frequently Asked Questions
How much is a Lexus RX 350 worth?
6Edmunds Appraisal Report
driven per year, with no color or options selected. 2021 Lexus RX 350 trade-in prices range from $25,857 - $36,702. Get a more accurate value for your car with the Edmunds appraisal tool.
What is the best year for Lexus rx350 used?
The optimal model years for the RX350 are 2014, 2018, and 2020 onwards.
How much can I sell my Lexus RX 350 for?
driven per year, with no color or options selected. 2022 Lexus RX 350 trade-in prices range from $29,375 - $40,150. Get a more accurate value for your car with the Edmunds appraisal tool.
Do Lexus RX 350 hold their value?
A Lexus RX 350 will depreciate 39% after 5 years and have a 5 year resale value of $37,462. The Lexus RX 350 consistently ranks in the Top 5 of luxury vehicles, when it comes to maintaining value, and it continues to do so well into the later years.
Does the Lexus RX350 hold its value?
A 2022 Lexus RX has depreciated $17,693 or 32% in the last 3 years and has a current resale value of $36,025 and trade-in value of $33,161. The 2022 Lexus RX is in the top 10-25% for depreciation among all 2022 SUVs.
What year is Lexus to stay away from?
Lexus IS250 (2007-2012)
First up on the list is the second-generation IS250, which has earned a reputation as the Lexus model to absolutely avoid. The release of the IS250 saw a transition from a multi-point fuel injection system in the engine to a direct injection system instead.
What is the most common problem with Lexus RX350?
Top Lexus RX350 Problems
- Massive Oil Leak and Loss of Oil Pressure.
- Air Conditioning Fault Due to Failed AC Amplifier.
- Sofrware Upgrade For GPS, Radio, and Heater Operation.
- Airbag Warning Light With Code B0111 and/or B0116.
- Check Engine Light With Codes Indicating Fault With the Variable Valve Timing System.
How many years can a Lexus RX 350 last?
You can expect a typical Lexus RX to last around 200,000-250,000 miles, with the high mileage point resting around 200,000 miles and good mileage sitting at 150,000 or more. The more work you put into your Lexus RX, the more years you will get out of the vehicle.
What is the most common problem with Lexus RX 350?
Oil leaks. A significant issue plaguing early Lexus RX 350 models was oil leaks from the engine, causing maintenance challenges and expensive repairs and even leading to a replacement engine. Due to these leaks, many owners had to pay for engine sealants or repairs.
Does Lexus have high resale value?
Honda and Lexus were again named the mass-market and premium vehicle brands most likely to retain more of their value three years after vehicle purchase, according to J.D. Power.
