How much is a 2020 Lexus NX 300 worth?

The 2020 Lexus NX 300 is a compact luxury crossover SUV that offers a blend of premium features, advanced technology, and a comfortable driving experience. When it comes to determining the value of a 2020 Lexus NX 300, several factors come into play, including the vehicle's condition, mileage, and market demand. In this article, we'll dive into the details to help you understand the typical value range for a 2020 Lexus NX 300.

Factors Affecting the Value of a 2020 Lexus NX 300

The value of a 2020 Lexus NX 300 can vary depending on several key factors:

• Mileage: Lower mileage vehicles generally hold their value better than high-mileage ones. The average annual mileage for a 2020 Lexus NX 300 is around 12,000 to 15,000 miles.


• Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, plays a significant role in determining its value.


• Options and Packages: Vehicles with additional features, such as premium audio systems, advanced safety technologies, or luxury packages, tend to have a higher value.


• Location and Market Demand: The demand for a 2020 Lexus NX 300 can vary depending on the geographic region and local market conditions.

By considering these factors, you can get a better understanding of the typical value range for a 2020 Lexus NX 300.

Typical Value Range for a 2020 Lexus NX 300

According to recent market data, the typical value range for a 2020 Lexus NX 300 can be as follows:

• Private Party Value: $35,000 to $45,000 for a vehicle in good condition with average mileage.


• Trade-In Value: $32,000 to $38,000 for a vehicle in good condition with average mileage.


• Dealer Retail Price: $38,000 to $48,000 for a vehicle in excellent condition with low mileage.

It's important to note that these are just general guidelines, and the actual value of a 2020 Lexus NX 300 may vary based on the specific circumstances mentioned earlier. It's always recommended to research the current market conditions, compare prices, and consult with a trusted dealer or automotive expert to get a more accurate assessment of your vehicle's value.

Is a 2020 Lexus Nx 300 a good car?

The 2020 Lexus NX 300 is praised for its luxurious and high-quality interior, comfortable and quiet ride, and comprehensive standard safety features, which were updated for 2020 with the Lexus Safety System+ 2.0. However, some reviewers note drawbacks including an outdated infotainment system that is difficult to use, a less powerful engine that can feel slow for a luxury vehicle, and a cramped interior, especially for the driver, and a sometimes tight rear seat. The F Sport model offers a sportier look but can have less comfortable seats for wider individuals.
 
You can watch this video for a detailed walkthrough of the 2020 Lexus NX 300's interior and features: 57sShifting LanesYouTube · Jul 16, 2020
Positives

• Interior Quality: The cabin features high-quality materials, plush leather, and a well-appointed feel. 
• Comfort and Ride: The NX 300 provides a comfortable and quiet ride, making it a great daily driver. 
• Safety Features: The 2020 model includes Lexus Safety System+ 2.0 as standard, with features like lane departure warning and pre-collision system. 
• Technology (some aspects): Standard Apple CarPlay and Android Auto were added for 2020. The optional Mark Levinson sound system is also a plus for audiophiles. 
• Design: The exterior is stylish, and the F Sport model adds a more aggressive and dramatic front-end design. 

This video highlights the interior design and comfort features of the Lexus NX 300 F Sport: 1mRaiti's RidesYouTube · Aug 18, 2020
Negatives

• Infotainment System: The touchpad controller is a significant drawback, found to be frustrating and distracting to use while driving. 
• Engine Power: The 2.0L turbocharged engine produces 235 horsepower, which can feel underpowered for a luxury SUV. It's adequate for normal driving but can feel "wheezy" under hard acceleration. 
• Interior Space: The cabin can feel cramped, particularly for the driver, with issues like the knee rest being too close to the center console. 
• Cargo and Rear Seat: Cargo space is less than some competitors, and the rear seat can feel tight for three adults. 
• Handling: While comfortable, handling is not as sporty as some rivals, though the F Sport trim does offer a firmer ride and more engaging feel in sport modes. 

This video discusses the challenges of the infotainment system and the engine power of the 2020 Lexus NX 300: 57sDownshiftYouTube · Mar 31, 2020
Who is it for?
The 2020 Lexus NX 300 is best for buyers who prioritize a comfortable, reliable, and luxurious daily driver with excellent build quality and a strong emphasis on safety, and who can live with the frustrating infotainment system and less-than-powerful engine. Those seeking more engaging performance may prefer other options. 
This video provides a comprehensive review of the 2020 Lexus NX 300h, including driving experience and overall performance: 59sDiscerning CarsYouTube · Mar 21, 2020

What are the NX 300's common problems?

The owner comments describe problems respondents experienced with this vehicle.

• Brakes.
• Noises/Leaks.
• Engine Major.
• Climate System.
• Electrical Accessories.
• In-car Electronics.
• Drive System.
• Suspension/Steering.

What is the value of a 2020 Lexus NX 300?

The price of a new 2020 Lexus NX 300 depended on the trim and drivetrain, with starting MSRPs ranging from approximately $36,720 for the base FWD model to over $46,000 for the Luxury AWD model. The used market price is much lower, with the Kelley Blue Book (KBB) reporting a national average fair purchase price of around $21,970 for the base model and Edmunds valuing it between $19,473 and $31,153.
 
2020 Lexus NX 300 pricing

• New (MSRP):
  • NX 300 FWD: Starting at around $36,720 
  • NX 300 AWD: Starting at around $38,910 
  • F Sport FWD: Starting at around $38,960 
  • F Sport AWD: Starting at around $41,010 
  • Luxury FWD: Starting at around $43,810 
  • Luxury AWD: Starting at around $43,960 
  • NX 300h AWD: Starting at around $40,060 
• Used (approximate price range):
  • Average fair purchase price (KBB): Approximately $21,970 
  • Edmunds Value: Between $19,473 and $31,153 
  • Actual listings: Can vary significantly, with prices around $24,000 to $30,000 or more depending on condition, mileage, and features, as seen on TrueCar and Autotrader 

What is the resale value of the Lexus NX 300?

$19,895
A 2021 Lexus NX has depreciated $11,290 or 36% in the last 3 years and has a current resale value of $19,895 and trade-in value of $16,900. The 2021 Lexus NX is in the 25-75% percentile for depreciation among all 2021 SUVs.