How much is a used 2007 Lexus worth?
The value of a used 2007 Lexus can vary significantly depending on factors such as the specific model, mileage, condition, and location. On average, a used 2007 Lexus in good condition can be worth between $8,000 to $15,000 based on current market prices.
Factors Affecting the Value of a Used 2007 Lexus
When determining the value of a used 2007 Lexus, several key factors come into play:
- Model: Different Lexus models, such as the ES, IS, or RX, can have varying values based on their original MSRP, features, and demand in the used car market.
- Mileage: Vehicles with lower mileage, typically under 100,000 miles, tend to have higher resale values compared to high-mileage models.
- Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, can significantly impact the price.
- Location: Prices for used Lexus vehicles can vary depending on the regional market, with higher demand and prices in certain areas.
- Maintenance History: A well-maintained Lexus with a complete service history is generally more valuable than one with unknown or spotty maintenance records.
It's important to note that the value of a used 2007 Lexus can also be influenced by broader market conditions, such as the overall supply and demand for used luxury vehicles, as well as any recalls or known issues associated with the specific model.
Researching the Value of a Used 2007 Lexus
To get a more accurate estimate of the value of a specific used 2007 Lexus, it's recommended to consult online resources such as Kelley Blue Book, Edmunds, or NADA Guides. These websites allow you to input the vehicle's details and provide a range of estimated values based on the current market conditions.
Additionally, checking the prices of similar used 2007 Lexus models listed for sale in your local area can give you a better sense of the market value in your region.
What is the book value on a 2007 Lexus?
2007 Lexus IS Pricing
| Original MSRP | KBB Fair Purchase Price (nat'l average) | |
|---|---|---|
| IS 250 Sedan 4D | $32,015 | $5,847 |
| IS 350 Sedan 4D | $36,295 | $6,748 |
What is the common problem in Lexus ES 350 2007?
Some owners of the 2007 Lexus ES 350 have complained about an illuminated engine and vehicle stability control (VSC) warning light caused by a blown cylinder head. Coolant loss, head gasket failure, or restricted coolant flow are common reasons why the cylinder head could fail.
What is considered high mileage for a used Lexus?
Consider the Age. What is considered high mileage for a used car depends on how long it took to rack up those miles. Generally, no more than 12,000 to 15,000 miles should be put on a car in a year's time. So, a used car that is four years old should have no more than 48,000 to 60,000 miles on it.
What year of Lexus IS most reliable?
According to various sources, the most reliable Lexus IS years include:
- 2014 Lexus IS 300.
- 2018 Lexus IS 350.
- 2019 Lexus IS 350.
- 2012 Lexus IS 250.
- 2011 Lexus IS 250.
What is a 2007 Lexus 350 worth?
The value of a used 2007 Lexus RX 350 ranges from $1,636 to $5,698, based on vehicle condition, mileage, and options.
How much can I sell my 2007 Lexus for?
The value of a used 2007 Lexus ES 350 ranges from $1,126 to $3,307, based on vehicle condition, mileage, and options.
What is the most reliable year for Lexus 350?
According to industry reviews, consumer feedback, reported problems, and NHTSA statistics, the most reliable years for Lexus RX350 are 2014, 2018, 2020, 2021, 2022, and 2023. In these particular years, the car received the highest ratings in terms of safety, reliability, and performance.
How many miles can a 2007 Lexus last?
In general, cars from this luxury brand can easily last 250,000 to 300,000 miles. While cars from other brands can last for around 150,000 miles, a Lexus can double that estimation and allows drivers to push the absolute limit of the vehicle's longevity before a replacement is necessary.
Do Lexus hold their resale value?
The secret of Lexus' success is multi-faceted, but one of the plus points for those who love this luxury brand is how well Lexus vehicles hold their value. In a world filled with luxury cars that devalue rapidly as soon as they leave a showroom floor, the Lexus range of desirable vehicles maintain strong resale value.
Which 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.
