Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 LEXUS GX's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2016 LEXUS GX in 2016 was $59,155.
The average price for used 2016 LEXUS GX nowadays in 2024 is $26,200 which is 44% from the original price.
Estimated mileage driven per year is 11,554 miles.
The graph below is a depreciation curve for 2016 LEXUS GX. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2016 LEXUS GX in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $59,155 | — | — | 100% | 0% |
| 2016 | 11,554 mi | $95,000 | −$35,845 | −60.6% | 160.6% | -60.6% |
| 2017 | 23,108 mi | $60,998 | +$34,002 | +35.79% | 103.12% | -3.12% |
| 2018 | 34,662 mi | $52,996 | +$8,002 | +13.12% | 89.59% | 10.41% |
| 2019 | 46,216 mi | $46,993 | +$6,003 | +11.33% | 79.44% | 20.56% |
| 2020 | 57,770 mi | $41,995 | +$4,998 | +10.64% | 70.99% | 29.01% |
| 2021 | 69,324 mi | $36,251 | +$5,744 | +13.68% | 61.28% | 38.72% |
| 2022 | 80,878 mi | $32,993 | +$3,258 | +8.99% | 55.77% | 44.23% |
| 2023 | 92,432 mi | $30,905 | +$2,088 | +6.33% | 52.24% | 47.76% |
| 2024 | 103,986 mi | $26,200 | +$4,705 | +15.22% | 44.29% | 55.71% |
| 2025 | 115,540 mi | $24,999 | +$1,201 | +4.58% | 42.26% | 57.74% |
| 2026 | 127,094 mi | $23,950 | +$1,049 | +4.2% | 40.49% | 59.51% |
| 2027 | 138,648 mi | $18,998 | +$4,952 | +20.68% | 32.12% | 67.88% |
| 2028 | 150,202 mi | $18,995 | +$3 | +0.02% | 32.11% | 67.89% |
| 2029 | 161,756 mi | $17,898 | +$1,097 | +5.78% | 30.26% | 69.74% |
| 2030 | 173,310 mi | $17,900 | −$2 | −0.01% | 30.26% | 69.74% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the LEXUS GX’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2016 LEXUS GX. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 LEXUS GX by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 10,000 mi | $44,999 | 44 sales |
| 15,000 mi | $41,085 | 96 sales |
| 20,000 mi | $38,999 | 102 sales |
| 25,000 mi | $39,715 | 160 sales |
| 30,000 mi | $38,487 | 239 sales |
| 35,000 mi | $37,989 | 374 sales |
| 40,000 mi | $37,902 | 293 sales |
| 45,000 mi | $36,981 | 339 sales |
| 50,000 mi | $35,996 | 336 sales |
| 55,000 mi | $35,991 | 371 sales |
| 60,000 mi | $35,994 | 334 sales |
| 65,000 mi | $34,998 | 320 sales |
| 70,000 mi | $33,997 | 294 sales |
| 75,000 mi | $34,193 | 262 sales |
| 80,000 mi | $32,990 | 284 sales |
| 85,000 mi | $32,599 | 197 sales |
| 90,000 mi | $31,991 | 171 sales |
| 95,000 mi | $31,990 | 173 sales |
| 100,000 mi | $31,096 | 108 sales |
| 105,000 mi | $30,000 | 60 sales |
| 110,000 mi | $29,575 | 78 sales |
| 115,000 mi | $28,979 | 48 sales |
| 120,000 mi | $28,998 | 33 sales |
| 125,000 mi | $27,569 | 26 sales |
| 130,000 mi | $26,799 | 21 sales |
| 135,000 mi | $29,500 | 42 sales |
| 140,000 mi | $26,498 | 21 sales |
| 145,000 mi | $26,143 | 12 sales |
| 150,000 mi | $24,504 | 12 sales |
Frequently asked questions
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Depreciation directly affects the resale value of a 2016 LEXUS GX, with faster depreciating vehicles typically having lower resale values over time.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
Other years of LEXUS GX
2005 LEXUS GX
$11,198 average used price
1,200+ sales records
2007 LEXUS GX
$11,999 average used price
1,800+ sales records
2011 LEXUS GX
$17,898 average used price
2,100+ sales records
2022 LEXUS GX
$52,996 average used price
410+ sales records
2023 LEXUS GX
$60,998 average used price
380+ sales records
2024 LEXUS GX
20+ sales records
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