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.
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