What IS a 2002 Lexus IS 300 worth?
A 2002 Lexus IS 300 can be worth anywhere from $3,000 to $10,000, depending on its condition, mileage, and other factors. The Lexus IS 300 was a popular luxury sports sedan produced by Toyota's premium brand from 1999 to 2005. Let's take a closer look at what determines the value of a 2002 Lexus IS 300.
Factors Affecting the Value of a 2002 Lexus IS 300
The value of a 2002 Lexus IS 300 is primarily influenced by the following factors:
- Mileage: Lower mileage vehicles are generally worth more than high-mileage ones. A 2002 IS 300 with under 100,000 miles could be worth $8,000 to $10,000, while one with over 150,000 miles may only be worth $3,000 to $5,000.
- Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, plays a significant role in determining its value. Well-maintained IS 300s in excellent condition can command higher prices.
- Options and Upgrades: Vehicles with additional features, such as a premium audio system, navigation, or performance upgrades, may be worth more than base models.
- Location and Demand: The regional market and demand for the Lexus IS 300 can also affect its value. Prices may be higher in areas where the car is more popular.
It's important to note that the value of a 2002 Lexus IS 300 can also be influenced by factors such as the overall condition of the used car market, economic conditions, and the seller's negotiation skills.
Researching the Value of a 2002 Lexus IS 300
To get a more accurate estimate of the value of a specific 2002 Lexus IS 300, you can use online resources such as Kelley Blue Book, Edmunds, or NADA Guides. These websites allow you to input the vehicle's details, such as mileage, condition, and options, to provide a range of estimated values based on recent sales data.
Additionally, you can check local classified ads and dealership listings to see the current market prices for similar 2002 Lexus IS 300 models in your area. This can help you negotiate a fair price when buying or selling the vehicle.
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.
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.
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.
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.
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 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.
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.
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 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. |
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.
