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What is the Lexus depreciation rate?
My husband and I are looking to buy a new vehicle, and he’s really interested in a Lexus. I’m more interested in making sure we get a good investment. Is Lexus good when it comes to depreciation?
Sarah Gray · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Making sure you get a good investment with your new vehicle purchase is important, so it’s great you’re taking potential depreciation into account. On average, Lexus depreciation adds up to around 40% over the first three years of ownership, which is actually a bit below average.
Let’s see how this plays out over three years on a few of the brand’s top models:
These popular models enjoy some of the lowest depreciation rates, but other, more expensive models can experience depreciation much more quickly.
Although you won’t need to worry about above-average depreciation if you decide to purchase a Lexus, you will have one other thing to worry about—high
Lexus insurance costs
. Luckily, there’s an easy way to avoid this—just shop for coverage on the free Jerry
app.When you shop with Jerry, you get great rates on
car insurance
without having to worry about sacrificing quality for savings. That’s because Jerry gets you great rates by comparing quotes from over 55 providers, not by cutting corners. Plus, as a licensed broker
, we’ll even help you get set up in your new policy and give you a hand canceling your old coverage! All this and the potential for $800 a year in savings on your insurance premiums—what’s not to love?
View full answer
- Gregory R.
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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.
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