Lexus RX Depreciation: Do They Hold Their Value?
Here's everything you need to know about Lexus RX depreciation: do they retain their value, which RX years depreciate most slowly, and which years are considered quick to lose their value.
Depreciation is the rate at which a vehicle loses its value over the years, which matters to the average vehicle owner. The faster a car depreciates, the less it goes for when it’s time to sell, and the more likely it is to break down. The Lexus RX is a popular midsize luxury SUV selection. What does the Lexus RX depreciation look like?
It’s helpful to know about the depreciation rate of the Lexus RX, especially if you want to make the most of your purchase. Investing in a vehicle that won’t retain its value for long will waste money on your next machine. Keep reading to learn more about how well Lexus RXes retain their value, the top model years, and other helpful information.
Do Lexus RXes Retain Their Value?
Lexuses typically do a decent job retaining their value over the long term. However, each Lexus is different, and the Lexus RX has its own pattern of depreciation. It seems the Lexus RX does well. It consistently ranks at the top of the chart and continues well over many years.
According to caredge.com, here are some stats related to the Lexus RX depreciation:
** **
Which Model Years of the RX Are Best for Depreciation?
There are several model years of the Lexus RX available, and none are created equal. Some model years of the Lexus RX are more dependable than others, which lends to their depreciation rate on the road.
For the sake of Lexus RX depreciation, we recommend investing in the following years:
- 2011-2015 Lexus RX
- 2018 Lexus RX
- 2019 Lexus RX
- 2021 Lexus RX
These have the best track record and an excellent standing for depreciation.
If you want some of the newer features available for the Lexus RX, go with the 2021 and 2019 selections. If you want to save some money, go with the older model years. Either way, these will bode the best for a depreciation rate.
DOWNLOAD THE FREE APP
The CoPilot car shopping app is the smartest way to buy a car. Get a curated list of the best cars for sale in your area, as well as notifications if a similar vehicle is listed nearby at a lower price. CoPilot is the smartest way to shop for used cars.
Which Model Years of the RX Are Worst for Depreciation?
Unfortunately, since we were able to clarify the best years for depreciation, that means there are the worst. These years should be avoided when possible unless you’re determined to lose money on your Lexus RX.
Here are the worst years when considering the Lexus RX depreciation:
- 2007 Lexus RX
- 2008 Lexus RX
- 2010 Lexus RX
- 2016 Lexus RX
- 2017 Lexus RX
These don’t do as well when looking at the depreciation rate over the long term.
These years might have a temptingly low price point, but they aren’t worth it if you want to make money on your vehicle over time. Try to refrain from investing in these selections if possible.
Can You Assist with Depreciation?
There will always be natural wear and tear in a vehicle experience over the long term, and you can’t do anything about that. However, drivers who want to care for their car can do a few things to keep the machine in decent condition.
According to statefarm.com, here are a few ways to slow the depreciation of your vehicle:
- Drive with care
- Maintain your vehicle
- Cleaning the interior
- Keeping low mileage
These are just a few ways to help your Lexus RX retain its money.
Of course, it’s always helpful to remember there are always things you can’t control when owning a vehicle. However, the gentler you are with your vehicle and the more you can do to maintain the car, the longer your Lexus RX will maintain a high-value point.
LEXUS RX PROS & CONS
One of the best places to look when determining if the Lexus RX is worth it is the Lexus RX pros and cons.
Which Lexus Holds Its Value the Best?
The Lexus RX is one of the top contenders when looking at the depreciation of various SUV brands. However, maybe you want the best vehicle Lexus offers. In that case, there are several selections Lexus pushes to the front of the market.
According to iseecars.com, here are the best Lexuses available:
- Lexus IS 350
- Lexus RX 500h
- Lexus ES 250
- Lexus ES 300h
- Lexus LX 600
These are the best Lexus-name vehicles.
Unfortunately, for those who want a basic form of the Lexus RX, it doesn’t make this list. However, those who love the vehicle can safely purchase the Lexus RX 500h, knowing it’s the second Lexus selection. Although the Lexus RX doesn’t make this list, investors can still enjoy an excellent long-term depreciation rate in the car.
What is the Life Expectancy of a Lexus RX?
Another helpful tidbit to consider when determining the depreciation rate of the Lexus RX is the life expectancy. The longer a vehicle can keep itself alive on the road, the slower it will lose its value.
According to lexusdesanjuan.com, a typical Lexus RX will survive around 250,000 miles. It will survive this long thanks to excellent performance, extensive safety features, and extensive warranty coverage.
This lifespan can provide more than two decades for the Lexus RX. It’s one of the reasons why the car has an excellent depreciation rate.
HOW LONG DO LEXUS RXes LAST?
If you’re looking to invest in this vehicle, you might want to consider - how long do Lexus RXes last?
Final Thoughts on Lexus RX Depreciation
Although the Lexus RX isn’t the top selection when looking at a depreciation rate, it’s an excellent contender. If you invest in the best years, you’re set on retaining a high value for plenty of time.
We hope this information is beneficial! Whether you’re looking for the top car for depreciation or want to see how much money you can sell your current Lexus RX for, there are plenty of options. The Lexus RX has a decent history on the market and should turn a decent profit if you make the vehicle your own.
Get a Curated List of the Best Used Cars Near You
The CoPilot car shopping app is the easiest way to buy a car. Tell us what you’re looking for, and we’ll search the inventories of every dealership in your area to provide you with a personalized list of the best car listings.
The best part? CoPilot is built using the same technology that dealerships use to buy and sell their inventories, so we have more info on each vehicle than competitors. CoPilot doesn’t work with dealerships, so there are no sponsored posts or other shady practices — just the most info on the best cars. Check out our About Us page to see how CoPilot works.
