Lexus RX 350 Depreciation

A Lexus RX 350 will depreciate 28% after 5 years and have a 5 year resale value of $39,657.

The Lexus RX 350 consistently ranks in the Top 5 of luxury vehicles, when it comes to maintaining value, and it continues to do so well into the later years. If this is anywhere near the type of vehicle you need, don't hesitate, as these just don't disappoint. Buy a new one now, and buy another new one in four years - it's hard to go wrong.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $55,286 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Lexus RX 350.

Lexus RX 350 Depreciation Calculator

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Lexus RX 350 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $3,859 93.02% $51,427 12,000 2022
2 $7,939 85.64% $47,347 24,000 2023
3 $10,742 80.57% $44,544 36,000 2024
4 $12,931 76.61% $42,355 48,000 2025
5 $15,629 71.73% $39,657 60,000 2026
6 $18,244 67.00% $37,042 72,000 2027
7 $20,572 62.79% $34,714 84,000 2028
8 $24,895 54.97% $30,391 96,000 2029
9 $27,250 50.71% $28,036 108,000 2030
10 $31,187 43.59% $24,099 120,000 2031

Lexus RX 350 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $3,859 93.02% $51,427
2 $7,939 85.64% $47,347
3 $10,742 80.57% $44,544
4 $12,931 76.61% $42,355
5 $15,629 71.73% $39,657
6 $18,244 67.00% $37,042
7 $20,572 62.79% $34,714
8 $24,895 54.97% $30,391
9 $27,250 50.71% $28,036
10 $31,187 43.59% $24,099

Buying a Lexus RX 350 New vs Used

If you purchase a used Lexus RX 350 that is 2 years old, then you could save $7,939 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $7,690. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used RX 350 models become available.

What About Lexus RX 350 Insurance Costs?

The average cost to insure a Lexus RX 350 is about $1,884 per year. This adds up to around $9,420 after 5 years of vehicle ownership. Unlike depreciation, this expense can often be lowered by shopping around for lower insurance premiums. Comparing quotes will ensure that you are not overpaying if you already own a Lexus RX 350. Or, if you are just researching, then it would be money-wise to know this cost before buying. Try our Competitive Quote Tool or the form below to get free quotes. Advertising Disclosure

The Best Model Years to Buy a Lexus RX 350

The 2021 Lexus RX 350 is our top pick for the best model year value for the RX 350. With the 2021, you would only pay, on average, 93% of the price as new, with 92% of the vehicle's useful life remaining. The 2020 and 2019 model years are also attractive years for the RX 350, and provide a relatively good value. Our rankings consider multiple factors, including the RX 350's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Lexus RX 350 models.

Lexus RX 350 Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2022 $55,286 $55,286 $289 $0 0% 100%
2021 $55,164 $51,643 $328 $3,643 6.59% 93.02% Best
2020 $55,692 $48,085 $392 $3,558 6.89% 85.64% Better
2019 $53,706 $43,765 $493 $4,320 8.98% 80.57% Better
2018 $52,078 $40,476 $577 $3,289 7.52% 76.61% Good
2017 $50,153 $36,685 $710 $3,791 9.37% 71.73% Good
2016 $49,012 $33,819 $979 $2,866 7.81% 67%
2015 $39,131 $25,656 $1,086 $8,163 24.14% 62.79%
2014 $40,189 $23,275 $1,185 $2,381 9.28% 54.97%
2013 $39,092 $21,156 $1,333 $2,119 9.1% 50.71%
2012 $38,484 $18,129 $1,352 $3,027 14.31% 43.59%
2011 $37,886 $17,239 $1,510 $890 4.91% 41.52%
2010 $36,504 $15,787 $1,739 $1,452 8.42% 38.48%
Year Price % Paid Value Rank
2022 $55,286 100%
2021 $51,643 93.02% Best
2020 $48,085 85.64% Better
2019 $43,765 80.57% Better
2018 $40,476 76.61% Good
2017 $36,685 71.73% Good
2016 $33,819 67%
2015 $25,656 62.79%
2014 $23,275 54.97%
2013 $21,156 50.71%
2012 $18,129 43.59%
2011 $17,239 41.52%
2010 $15,787 38.48%

Lexus RX 350 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Lexus RX 350 ranks for Depreciation compared to other vehicles. Also check out how the RX 350 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Lexus RX 350 Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Lexus RX 350 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: