What is the value of a 2016 Lexus 350?
The value of a 2016 Lexus 350 can vary depending on several factors, such as the vehicle's condition, mileage, and location. However, on average, a 2016 Lexus 350 in good condition can be worth between $20,000 to $30,000 in the used car market.
Factors Affecting the Value of a 2016 Lexus 350
The value of a 2016 Lexus 350 is influenced by several key factors:
- Mileage: Vehicles with lower mileage tend to have a higher value, as they are perceived to be in better condition and have more life left in them.
- Condition: The overall condition of the vehicle, including the interior, exterior, and mechanical components, plays a significant role in determining its value.
- Location: The geographic location can also impact the value, as demand and pricing can vary across different regions.
- Options and Features: Vehicles with additional features and options, such as premium audio systems, navigation, or advanced safety features, may command a higher price.
- Maintenance History: A well-maintained vehicle with a documented service history can be more valuable than one with unknown or poor maintenance.
By considering these factors, you can get a better understanding of the potential value of a 2016 Lexus 350 in your local market.
Researching the Value of a 2016 Lexus 350
To determine the value of a specific 2016 Lexus 350, 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 location, to provide a range of estimated values based on recent sales data and market trends.
Additionally, you can compare the asking prices of similar 2016 Lexus 350 models listed for sale in your local area to get a better sense of the current market value. This can help you negotiate a fair price when buying or selling a 2016 Lexus 350.
What is considered high mileage on a Lexus RX 350?
Typical mileage for the Lexus RX is 200,000-250,000 miles, with high mileage coming in at the lower end of that range at 200,000 miles. Using these numbers, we can state that good mileage for the Lexus RX is 150,000 miles or more.
What is the value of a 2016 Lexus ES350?
The value of a used 2016 Lexus ES 350 ranges from $9,754 to $17,528, based on vehicle condition, mileage, and options.
How long does a Lexus 350 last?
between 220,000 and 250,000 miles
The burning question for potential buyers, whether considering a new or used Lexus ES 350, is how many miles this vehicle can go. On average, a Lexus ES 350 can last between 220,000 and 250,000 miles.
What is a Lexus 350 2016 worth?
The value of a used 2016 Lexus RX 350 ranges from $12,364 to $21,169, based on vehicle condition, mileage, and options. Get a free appraisal here.
Do Lexus RX 350 hold their value?
A Lexus RX 350 will depreciate 39% after 5 years and have a 5 year resale value of $37,462. The Lexus RX 350 consistently ranks in the Top 5 of luxury vehicles, when it comes to maintaining value, and it continues to do so well into the later years.
Is Lexus RX 350 high maintenance?
A Lexus RX 350 will cost about $7,587 for maintenance and repairs during its first 10 years of service. This beats the industry average for luxury SUV models by $6,565. There is also a 20.47% chance that a RX 350 will require a major repair during that time.
What is the fair market value of a Lexus RX350?
6Edmunds Appraisal Report
2021 Lexus RX 350 trade-in prices range from $25,810 - $36,710. Get a more accurate value for your car with the Edmunds appraisal tool.
How many miles will a 2016 Lexus RX350 last?
250,000 miles
The average vehicle can register around 150,000 miles on the odometer. When it comes to the Lexus RX 350, how long does it last? When properly cared for and driven, the Lexus RX can last for 250,000 miles or more.
What is the best year for the Lexus rx350 used?
The optimal model years for the RX350 are 2014, 2018, and 2020 onwards.
How much can I sell my Lexus RX 350 for?
driven per year, with no color or options selected. 2022 Lexus RX 350 trade-in prices range from $29,375 - $40,150. Get a more accurate value for your car with the Edmunds appraisal tool.
