The Lexus NX Dominates the Best Resale Value Luxury SUV List
Even if small SUVs have a tough job, the Lexus NX makes it look pretty easy. The NX also happened to dominate a recent best-resale value luxury SUV list. What makes this compact Lexus SUV such a good buy? The Lexus NX’s strong resale value can be attributed to its reliability, brand reputation, strong demand, competitive pricing, and low ownership costs.
What is the best resale value luxury SUV?
The best resale value luxury SUV is all trim levels of the Lexus NX. According to iSeeCars, the NX 350 has the best resale value of all the options, retaining 66% of its value over the first five years of ownership. That puts the NX 11.8% higher than the average small luxury SUV, which hovers around 54.2%.
That was followed by the NX 300 and NX 250. All NX trim levels are represented here, which is a good sign for those looking to purchase. Even though the NX is pretty compact, Lexus put a lot of thought into the design and execution of this SUV.
|Spec||Lexus NX 350||Lexus NX 300||Lexus NX 250|
|% value retained||66%||65.9%||65.9%|
|New Price||$42,915 – $49,055||$37,610 – $45,460||$39,155 – $43,805|
|Used Price||$43,591 – $55,626||$28,894 – $40,969||$37,885 – $46,995|
|MPG||24 mpg||24 – 25 mpg||28 mpg|
|Cargo Volume||22.7 cu ft||17.7 cu ft||22.7 cu ft|
After five years, all trim levels of the Lexus NX held onto more than 65% of the value. That is impressive and speaks volumes for the Lexus brand. Even though Lexus is the luxury arm of Toyota, it still has relatively low ownership costs. Reliability is also a factor, with a long history following both brands. Even though this has always been an aspect for shoppers, finding a reliable vehicle has become one of the most important deciding factors.
What’s the best resale value crossover SUV for 2023?
First on the list of the best resale value crossover SUV is the Lexus UX 200. That crossover is followed by the same three Lexus NX models on the small luxury SUV list. The NX and UX have reasonable entry costs, making for an appealing option under $50,000.
After many complications due to supply chain issues and semiconductor chip shortages, Lexus found itself with more demand than supply. That can also flip the cost of a used vehicle higher than it was new. Things have settled down recently, but it makes sense some shoppers would be willing to pay a little extra for a reliable luxury SUV.
The NX comes with many engine choices and tons of standard safety features that can also add to the value. All trim levels get Lexus Safety System+, which adds helpful systems to keep all passengers safe. These include automated emergency braking with pedestrian detection, lane-departure warning with lane-keeping assist, adaptive cruise control, and more. Overall, the Lexus NX gets a lot right.
Is the Lexus NX a safe luxury SUV?
The Insurance Institute for Highway Safety recognized that the 2023 Lexus NX is one of the safer luxury SUVs on the road. After earning high marks in all seven main crashworthiness tests, it qualified for the Top Safety Pick Plus award. The IIHS said that although three different types of LED projector headlights across the trim levels exist, all versions provided adequate visibility.
If you are looking for the best resale value luxury SUV that still lands in the compact segment, the NX has little competition. Many small SUVs are on the market, but very few offer the value and reliability of the Lexus NX.