PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
What is the depreciation of a Lexus RX 350?
How much does a Lexus RX 350 tend to depreciate over time? If I purchase a slightly used Lexus RX 350 will it be significantly cheaper than a brand-new one?
Jacqulyn Graber · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
A Lexus RX 350 is estimated to depreciate 28% in value after five years.
Brand-new cars depreciate in value the moment you drive them off the dealership’s lot, but some vehicles do so faster than others.
The Lexus RX 350 is consistently rated as one of the very best luxury vehicles when it comes to maintaining value, which means it depreciates in value much more slowly than its competitors.
Let’s assume that a brand new Lexus RX 350 costs $55,286. If it’s kept in good condition and averages 12,000 miles per year, after one year, it will be valued at $51,427. After three years, it’ll be valued at $44,544. And, after five years, it’ll be valued at $39,657.
Buying a slightly used vehicle could save you thousands of dollars. Plus, since many vehicles aren’t significantly changed every model year, a Lexus RX 350 that’s just a couple of years old will likely be very similar to the most recent model.
Another great way to lower your overall car ownership expenses is shopping for car insurance with the
Jerry
app. It’s the easiest way to find the lowest Lexus RX350 insurance cost
.As a
licensed broker
, Jerry compares plans from over 55 insurance companies nationwide to find users the best price for the coverage they need.The average Jerry user saves over $800 per year on car insurance!
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
