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How much should I pay for a 2023 Lexus NX 350?

The 2023 Lexus NX 350 is a popular luxury compact SUV that offers a blend of premium features, advanced technology, and a comfortable driving experience. When it comes to determining the right price to pay for this vehicle, there are several factors to consider.


MSRP and Invoice Price


The Manufacturer's Suggested Retail Price (MSRP) for a 2023 Lexus NX 350 starts at around $39,000 for the base model. However, the actual price you'll pay may be lower than the MSRP, as dealers often offer discounts or incentives. The invoice price, which is the amount the dealer paid to the manufacturer, is typically a few thousand dollars less than the MSRP. Negotiating the price based on the invoice price can help you get a better deal.


Market Conditions and Demand


The current market conditions and demand for the Lexus NX 350 can also impact the price you'll pay. If the vehicle is in high demand, dealers may be less willing to offer significant discounts. Conversely, if there is a surplus of inventory, you may be able to negotiate a better price. It's important to research the current market conditions and demand for the Lexus NX 350 in your local area.


Additional Factors to Consider



  • Trim level and optional features: Higher trim levels and additional features will increase the price of the vehicle.

  • Dealer location and competition: Prices may vary depending on the dealer's location and the level of competition in the area.

  • Timing of the purchase: Prices may be higher during peak demand seasons, such as the summer months.

  • Negotiation skills: Your ability to negotiate effectively can also impact the final price you pay.


In summary, the price you should pay for a 2023 Lexus NX 350 can vary depending on a variety of factors, including the MSRP, invoice price, market conditions, and your negotiation skills. By researching the current market and being prepared to negotiate, you can find a fair price that meets your budget and needs.

Does Lexus NX really need premium gas?


Yes, the Lexus NX requires premium gas.
Premium gas is unleaded gasoline with an octane rating of 91 or higher. If you use fuel with an octane rating of less than 91, it can damage your engine. To figure out the octane level of the gas you're buying, check the numbers on the pump.



How much should I pay for a Lexus NX 350?


2023 Lexus NX 350 MSRP and Invoice Price

TrimsMSRPEdmunds Suggested
Base$43,965$38,074
Premium Most Popular$47,015$40,958
F SPORT Handling$49,065$42,734
Luxury$51,415$44,527



How much is the fair price for Lexus NX?


The price of the 2025 Lexus NX starts at $41,765 and goes up to $63,380 depending on the trim and options.



What is the difference between nx 350 premium and luxury?


Choose the Premium Package for heated and ventilated front seats, a power tilt-and-slide moonroof, a power rear door with kick sensor, and more. The Luxury Package adds unique chevron seat quilting, a 10-inch Head-Up Display, a 14-inch Lexus Interface screen, and much more to the Premium Package.



Which luxury SUV has the highest resale value?


Best Resale Value Luxury Large SUVs

  • Lexus LX 570: 54.7%
  • Lexus LX 600: 54.7%
  • Mercedes-Benz G-Class: 54.7%
  • Volvo XC90: 45.6%
  • Buick Enclave: 45.5%



How much is the Lexus NX 2023?


The Lexus NX 2023 prices range from $56,650 for the basic trim level SUV NX 2WD to $95,590 for the top of the range SUV. The Lexus NX 2023 comes in SUV. The Lexus NX 2023 is available in Premium Unleaded Petrol and Premium Unleaded/Electric.



Does a Lexus NX hold its value?


A 2023 Lexus NX has depreciated $9,450 or 23% in the last 2 years and has a current resale value of $30,305 and trade-in value of $26,889. The 2023 Lexus NX is in the top 10-25% for depreciation among all 2023 SUVs.



Is Lexus NX expensive to insure?


On average, drivers who own a 2021 Lexus NX can expect to pay $68 to $202 a month for liability only and full coverage auto insurance, respectively. Amica has prices as little as $32 per month for the 2021 Lexus NX.



Is a Lexus NX considered a luxury car?


You can think of the 2025 Lexus NX as the classic "jack-of-all-trades" in the small luxury SUV class. The NX 250 offers an affordable entry point to the luxury brand, and the NX 350 boosts things with a turbocharged engine.



What is the best Lexus NX to buy?


We think the best version is the hybrid. It gets 38 mpg overall, and the powertrain feels more refined during regular driving than the NX 350's 275-hp turbocharged four-cylinder. That engine returned 25 mpg overall in our tests. Handling is responsive though short of sporty, and the ride is firm but comfortable.


Kevin's Auto

Kevin Bennett

Company Owner

Kevin Bennet is the founder and owner of Kevin's Autos, a leading automotive service provider in Australia. With a deep commitment to customer satisfaction and years of industry expertise, Kevin uses his blog to answer the most common questions posed by his customers. From maintenance tips to troubleshooting advice, Kevin's articles are designed to empower drivers with the knowledge they need to keep their vehicles running smoothly and safely.