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How much is Lexus IS 300 depreciation?
I’m thinking about buying a new luxury car. However, I’ve read that certain models have absurd amounts of depreciation, so I want to avoid them if possible. The Lexus IS 300 looks like a good fit for my style and budget, but how much does its value depreciate?
Eric Schad · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Exciting that you’re thinking of adding a new car to your life! Lexus IS 300 depreciation is right around 50% over the first five years of ownership, making it a Lexus vehicle that depreciates at a much faster rate than others.
There are a couple of reasons for the IS 300’s high depreciation rate. Luxury cars aren’t known for their high
resale value
and the IS is an entry-level luxury car, which often has lower demand than high-end models. Add these both together, and the IS 300’s depreciation skews somewhat higher than other Lexus models
.However, the Lexus IS 300 isn’t an anomaly in terms of depreciation in the luxury market. Many
BMW models
depreciate at even higher rates, with the BMW i3
depreciating as much as 69% over five years.View full answer
- Gregory R.
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