How much is a 2020 Lexus GX460 worth?
The 2020 Lexus GX460 is a luxury SUV known for its robust performance, off-road capabilities, and high-end features. As with any vehicle, its market value can fluctuate based on various factors such as mileage, condition, location, and market demand. In this article, we will explore the current worth of the 2020 Lexus GX460 and what influences its price.
Current Market Value
As of February 2025, the average price for a used 2020 Lexus GX460 typically ranges from $45,000 to $55,000. However, prices can vary significantly based on several factors:
- Mileage: Lower mileage vehicles tend to command higher prices.
- Condition: A well-maintained vehicle with no accidents will be valued higher.
- Trim Level: Different trims and optional features can affect the price.
- Location: Prices may vary by region due to local demand and supply.
Factors Influencing the Value
Several key factors can influence the resale value of the 2020 Lexus GX460:
- Market Demand: The popularity of SUVs and luxury vehicles can drive prices up.
- Vehicle History: A clean history report without accidents or major repairs enhances value.
- Service Records: Regular maintenance and service records can positively impact resale value.
- Seasonality: Certain times of the year may see fluctuations in vehicle prices, particularly in regions with harsh winters.
Conclusion
In summary, the 2020 Lexus GX460 holds a solid resale value, typically ranging from $45,000 to $55,000. When considering buying or selling this vehicle, it's essential to evaluate the specific condition and history of the car, as these factors will ultimately determine its worth in the current market.
Frequently Asked Questions
Do Lexus GX 460 hold their value?
Great Resale Value
However, because of the Lexus reputation for reliability and the buoyant market for luxury SUVs, the GX 460 holds its value relatively well, making it an ideal choice if you're planning to trade in later on.
How many miles can you put on a Lexus 460?
The LS460 is overall quite bulletproof. I've seen the 4.6 V8 last as much as 500K miles without issue, so long as the proper maintenance has been done throughout its life. You should not run into anything that's hard to eliminate, it's going to be the standard fluid maintenance, brake, and suspension wear and tear.
Is Lexus GX 460 expensive to maintain?
A Lexus GX 460 will cost about $7,856 for maintenance and repairs during its first 10 years of service. This beats the industry average for luxury SUV models by $6,296.
What year Lexus GX470 to avoid?
The highest number of complaints involved the 2006 Lexus GX470. However, the 2003 model year is considered the worst GX470 for reasons like higher repair cost for its particular problems.
How much should I pay for a Lexus GX 460?
The out-the-door price for the 2023 Lexus GX 460 Base trim with options is $56,815 - this is based on an Edmunds Suggested Price of $51,547 and $5,268 in taxes and fees. Keep in mind that this does not include any finance charges, which will increase your out-the-door price.
Is the Lexus GX 460 a reliable car?
The Lexus GX460 Reliability Rating is 3.5 out of 5.0, which ranks it 5th out of 14 for luxury midsize SUVs. The average annual repair cost is $770 which means it has average ownership costs. While repairs are more common, these issues are less likely to be severe than with other cars.
How many miles can a Lexus GX 460 last?
Typically, you can expect that a Lexus GX will survive 250,000-300,000 miles with excellent care. Some might not make it to this point, but those who drive well and are excellent at maintenance could see it past this point.
Why Lexus has high resale value?
Why do Lexus cars hold their value so well? It's simple – the quality. Lexus has an enviable reputation for excellence, both aesthetically and technologically. These are superb quality vehicles with years of research and development behind them.
Is a Lexus GX 460 a good car?
2023 Lexus GX 460 Review
However, those attributes, along with a full-time four-wheel-drive system and a clever suspension, give the GX 460 impressive off-road capability. And beyond its off-road prowess, it's a well-built SUV inside and out, boasting a quiet interior with easy-to-use controls.
Is the GX 460 being discontinued?
The 2023 Lexus GX 460 is being replaced by the 2024 Lexus GX 550, but this is more than a name change. Completely redesigned the new Lexus GX is advertised as doing more and doing it better than the popular 2023 edition.
