How much is a Lexus ES 350 fair market value?
For a used Lexus ES 350, fair market value typically ranges from roughly $25,000 to $40,000 depending on year, mileage, and trim, while new ES 350 models start around the low $40,000s. Exact FMV varies by location and vehicle condition, so check current appraisal guides for a precise figure.
In this article, we break down the main drivers of FMV, provide current market ranges by model year, explain how to estimate FMV for your specific car, and offer tips to maximize value whether you’re buying or selling.
What affects fair market value
Understanding the factors that move FMV helps you gauge a fair price. The following list highlights the major elements used by buyers and dealers.
- Model year and generation: newer designs command higher FMV, while older generations depreciate more.
- Mileage: lower miles generally boost FMV; higher miles reduce it, with typical annual mileage benchmarks (12,000–15,000 miles per year).
- Trim level and options: higher trims (e.g., Premium, Ultra Luxury) add value; features like navigations, heated/ventilated seats, and advanced safety packages can raise price.
- Condition and history: accident history, maintenance records, and cosmetic wear impact FMV.
- Location and market demand: regional demand for sedans and Lexus vehicles can affect FMV.
- Warranty and certification: certified pre-owned (CPO) status boosts value.
These factors combine to produce a broad FMV range for any ES 350 on the market today.
Current market ranges by model year
Below are approximate fair market value ranges for typical buyers, based on current listings and appraisal data in the United States as of late 2025. Actual prices vary by mileage, condition, trim, and location.
Recent model years (2021–2024)
- 2024 ES 350: approximately $38,000–$46,000 for used examples with low to moderate miles; higher-mileage or base-trim units may be closer to $34,000–$40,000.
- 2023 ES 350: roughly $34,000–$44,000 depending on miles and trim.
- 2022 ES 350: around $32,000–$40,000.
- 2021 ES 350: about $30,000–$38,000.
Prices tend to cluster around the high $30,000s to mid-$40,000s for these years, with premium trims and lower mileage at the top end of the range.
Earlier models (2019–2020)
- 2019 ES 350: typically $25,000–$32,000 depending on miles and condition.
- 2020 ES 350: commonly $28,000–$34,000.
Earlier year ES 350s have depreciated more, but well-maintained examples with reasonable mileage can still command solid numbers.
How to determine the FMV for your specific car
To estimate the FMV for your individual vehicle, compare multiple sources and adjust for your car's specifics. Use these steps:
- Collect details: year, trim, mileage, optional packages, color, and recent maintenance.
- Check multiple appraisal guides: Kelley Blue Book (KBB), NADA Guides, and Edmunds TMV for consumer-friendly ranges.
- Review local listings: price neighboring ES 350 listings with similar specs to gauge market in your area.
- Consider vehicle history: accident history, title status, and service records can affect FMV.
- Calculate a target price: aim at the middle or lower half of the FMV range if you’re buying, and slightly above the lower end if you’re selling or trading in.
Taking these steps helps you arrive at a fair market value tailored to your situation.
Tips to maximize value when buying or selling
When buying, negotiate from the bottom half of the FMV range and verify maintenance; when selling, present a clean history and recent service to justify your price.
Summary: The Lexus ES 350’s fair market value hinges on year, mileage, trim, and condition. Recent-model used ES 350s generally fall in the mid-$30,000s to mid-$40,000s, while older models sit lower in the $20,000s to $30,000s range. For the most accurate figure, consult multiple appraisal guides and compare local listings for your exact configuration and region. By understanding the key drivers and following a systematic approach, you can determine a fair price whether you’re buying or selling in today’s market.
What is the resale value of the Lexus ES?
There are 69 used Lexus ES available at CarWale. Starting price of a second-hand Lexus ES is Rs. 22.9 Lakh. Some of the used Lexus ES on CarWale come with a 7-day money back guarantee, 167 points certification check and a 15000km comprehensive warranty.
Does the Lexus ES 350 have good resale value?
One of the smartest financial reasons to choose an ES 350 is its excellent resale value. Lexus vehicles are known for retaining their worth exceptionally well, and the ES 350 is no exception. By buying a CPO model that's a few years old, you sidestep the steepest part of the depreciation curve.
What years are best for the Lexus ES 350?
3. Lexus ES 350 – Affordable Luxury That Goes the Distance
- Engine: 3.5L V6 (2GR-FE)
- Mileage Potential: 250,000–300,000 miles.
- Best Model Years: 2007–2012 and 2013–2018.
- Advantages: Low cost of ownership, high parts availability, excellent fuel economy.
How much is a Lexus ES 350 worth?
2022 Lexus ES 350 trade-in prices range from $25,303 - $38,428.
