What is a 2002 Lexus IS300 worth?
A 2002 Lexus IS300 can typically be worth between $3,000 to $8,000, depending on the vehicle's condition, mileage, and other factors. The Lexus IS300 was a popular luxury sports sedan produced from 2000 to 2005, known for its reliable performance and upscale features.
Factors Affecting the Value of a 2002 Lexus IS300
The value of a 2002 Lexus IS300 can vary significantly based on several key factors:
- Mileage: Vehicles with lower mileage (under 100,000 miles) tend to be worth more than those with higher mileage.
- Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, plays a significant role in determining its value.
- Maintenance and Repair History: A well-maintained Lexus IS300 with a documented service history will typically be worth more than one with unknown or poor maintenance.
- Location and Demand: The geographic location and local market demand for the Lexus IS300 can also impact its value.
- Optional Features: Vehicles with additional features, such as a premium audio system, navigation, or a sunroof, may be worth more than base models.
It's important to note that the value of a 2002 Lexus IS300 can also be influenced by broader market trends, such as the overall demand for used luxury vehicles and the availability of similar models in the local area.
Researching the Value of a 2002 Lexus IS300
To get a more accurate estimate of the value of a specific 2002 Lexus IS300, it's recommended to 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 optional features, to generate a range of estimated values based on recent sales data and market trends.
Additionally, checking the prices of similar 2002 Lexus IS300 models listed for sale in your local area can provide valuable insights into the current market value for the vehicle you're interested in.
How much is the Lexus 300 worth?
2022 Lexus IS IS 300 Sedan 4D Depreciation
A 2022 Lexus IS IS 300 Sedan 4D has depreciated $10,922 or 26% in the last 3 years and has a current resale value of $29,858 and trade-in value of $26,249. Login or create a new account to see your vehicle depreciation forecast data.
What is the book value of a 2002 Lexus?
2002 Lexus IS Pricing
| Original MSRP | KBB Fair Purchase Price (national avg.) | |
|---|---|---|
| IS 300 Sedan 4D | $33,655 | $6,079 |
| IS 300 SportCross Hatchback 4D | $35,195 | $6,820 |
How much is a 2002 Lexus IS300 worth?
A 2002 Lexus IS IS 300 Sedan 4D has depreciated $511 or 9% in the last 3 years and has a current resale value of $5,154 and trade-in value of $2,659.
How many miles will a Lexus 300 last?
According to the way.com, a typical Lexus will last 200,000-300,000 miles.
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.
Is a 2002 Lexus IS300 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.
Are Lexus IS 300 expensive to maintain?
The average annual repair cost for a Lexus is $551, which means it has above average ownership costs.
Do Lexus hold their resale value?
Honda and Lexus were again named the mass-market and premium vehicle brands most likely to retain more of their value three years after vehicle purchase, according to J.D. Power.
How much should I pay for a Lexus IS300?
2023 Lexus IS 300 Features & Specs
| Base MSRP Excludes Destination Fee | $40,085 |
|---|---|
| Engine Type | Gas |
| Combined MPG | 25 MPG |
| Cost to Drive | $189/month |
| Seating | 5 seats |
How much is a Lexus IS300 worth?
2021 Lexus IS 300 Value - $19,914-$26,008 | Edmunds.
