What IS a 2002 Lexus IS 300 worth?
The 2002 Lexus IS 300 is a beloved compact luxury sedan known for its sporty performance, reliability, and timeless design. If you're considering buying or selling one, understanding its current market value is essential. In this article, we'll explore the factors that influence the worth of a 2002 Lexus IS 300 and provide insights to help you make an informed decision.
Factors That Affect the Value of a 2002 Lexus IS 300
The value of a 2002 Lexus IS 300 can vary significantly depending on several key factors. Here's what you need to consider:
- Condition: The overall condition of the vehicle plays a major role. A well-maintained car with minimal wear and tear will fetch a higher price than one with significant cosmetic or mechanical issues.
- Mileage: Lower mileage typically increases the value of a car. A 2002 Lexus IS 300 with fewer miles on the odometer will be more desirable to buyers.
- Service History: A complete service history showing regular maintenance and repairs can boost the car's value, as it indicates the vehicle has been well cared for.
- Location: Market demand varies by region. For example, areas with a high demand for reliable used cars may see higher prices for the IS 300.
- Modifications: Aftermarket modifications, such as performance upgrades or customizations, can either increase or decrease the value depending on the buyer's preferences.
Estimated Market Value
As of 2025, the market value of a 2002 Lexus IS 300 typically ranges between $3,000 and $8,000. Here's a breakdown of what you might expect:
- Excellent Condition: A well-maintained IS 300 with low mileage and no major issues can sell for $7,000 to $8,000.
- Good Condition: Vehicles in good condition with moderate mileage may be valued between $5,000 and $6,500.
- Fair Condition: Cars with higher mileage or minor cosmetic and mechanical issues might sell for $3,000 to $4,500.
Keep in mind that these are general estimates, and actual prices may vary based on the specific circumstances of the sale.
Tips for Maximizing the Value of Your 2002 Lexus IS 300
If you're planning to sell your 2002 Lexus IS 300, here are some tips to help you get the best price:
- Clean and Detail: A thorough cleaning and detailing can make your car more appealing to buyers.
- Fix Minor Issues: Addressing small mechanical or cosmetic problems can increase the car's value.
- Provide Service Records: Having a complete service history on hand can reassure buyers of the car's reliability.
- Research the Market: Check local listings to see what similar vehicles are selling for in your area.
Conclusion
The 2002 Lexus IS 300 remains a popular choice among car enthusiasts and practical buyers alike. By understanding the factors that influence its value and taking steps to present your car in the best possible light, you can ensure a fair price whether you're buying or selling. If you have any questions about maintaining or repairing your Lexus IS 300, feel free to reach out to Kevin's Autos for expert advice and service!
Frequently Asked Questions
How many miles can a 2002 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?
If you want to buy a new car that will hold its value, buy a Lexus. The tag-team of Toyota, and it's upscale nameplate, Lexus, definitely rule the roost when it comes to retaining value for their owners. 2021 is our top pick for the best model year value for Lexus vehicles.
How much should I pay for a Lexus IS 300?
2023 Lexus IS 300 Features & Specs
| Base MSRP Excludes Destination Fee | $40,085 |
|---|---|
| Combined MPG | 25 MPG |
| Cost to Drive | $246/month |
| Seating | 5 seats |
| Cargo Capacity All Seats In Place | 10.8 cu.ft. |
What is a 2002 Lexus IS300 worth?
How much is a 2002 Lexus IS 300 worth? The value of a used 2002 Lexus IS 300 ranges from $260 to $1,029, based on vehicle condition, mileage, and options. Get a free appraisal here.
What is the book value of a 2002 Lexus?
A 2002 Lexus ES ES 300 Sedan 4D has depreciated $264 or 6% in the last 3 years and has a current resale value of $3,925 and trade-in value of $2,148.
How much is an IS 300 worth?
A 2021 Lexus IS IS 300 Sedan 4D has depreciated $15,301 or 37% in the last 3 years and has a current resale value of $25,944 and trade-in value of $22,572.
Do Lexus IS 300 hold their value?
A new Lexus IS 300 depreciates 42.7 percent after five years, resulting in a resale value of $22,962. In comparison, the luxury compact car category, which the Lexus IS 300 belongs to, loses 50.5 percent of its value after five years.
How much is a 2001 Lexus IS 300 worth?
2001 Lexus IS Overview
The range-topping 2001 IS IS 300 Sedan 4D starts at $5,738 today, originally priced from $34,055. KBB Fair Purchase Price (national avg.) The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors.
Is a 2002 Lexus IS 300 a good car?
The body structure is extremely stiff, and Lexus has done an excellent job of tuning the suspension to provide sticky handling without hurting ride quality on the street. The IS 300 is an easy car to pilot aggressively, thanks to its responsive steering and braking, nimble size and excellent driving position.
Is the IS 300 engine reliable?
2001 IS 300 is a very reliable automobile!
I am the original owner of a 2001 IS300 Lexus. I currently have 270000 miles and I see the car running to at least 400 k easily, it's that strong. My alternator went out at 250,000 miles and my fuel pump went out at 260,000.
