Depreciation
The depreciation graph and accompanying table on our page detail how the 2008 LEXUS RX'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) 2008 LEXUS RX in 2008 was $54,495.
The average price for used 2008 LEXUS RX nowadays in 2024 is $8,995 which is 17% from the original price.
Estimated mileage driven per year is 10,307 miles.
The graph below is a depreciation curve for 2008 LEXUS RX. 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 2008 LEXUS RX 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 | ||
|---|---|---|---|---|---|---|
| 2008 MSRP | 0 mi | $54,495 | — | — | 100% | 0% |
| 2008 | 10,307 mi | $60,392 | −$5,897 | −10.82% | 110.82% | -10.82% |
| 2009 | 20,614 mi | $54,115 | +$6,277 | +10.39% | 99.3% | 0.7% |
| 2010 | 30,921 mi | $45,999 | +$8,116 | +15% | 84.41% | 15.59% |
| 2011 | 41,228 mi | $40,994 | +$5,005 | +10.88% | 75.23% | 24.77% |
| 2012 | 51,535 mi | $36,400 | +$4,594 | +11.21% | 66.8% | 33.2% |
| 2013 | 61,842 mi | $33,409 | +$2,991 | +8.22% | 61.31% | 38.69% |
| 2014 | 72,149 mi | $31,646 | +$1,763 | +5.28% | 58.07% | 41.93% |
| 2015 | 82,456 mi | $26,999 | +$4,647 | +14.68% | 49.54% | 50.46% |
| 2016 | 92,763 mi | $24,500 | +$2,499 | +9.26% | 44.96% | 55.04% |
| 2017 | 103,070 mi | $19,393 | +$5,107 | +20.84% | 35.59% | 64.41% |
| 2018 | 113,377 mi | $17,982 | +$1,411 | +7.28% | 33% | 67% |
| 2019 | 123,684 mi | $16,778 | +$1,204 | +6.7% | 30.79% | 69.21% |
| 2020 | 133,991 mi | $14,991 | +$1,787 | +10.65% | 27.51% | 72.49% |
| 2021 | 144,298 mi | $13,795 | +$1,196 | +7.98% | 25.31% | 74.69% |
| 2022 | 154,605 mi | $12,118 | +$1,677 | +12.16% | 22.24% | 77.76% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the LEXUS RX’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 2008 LEXUS RX. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2008 LEXUS RX by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 35,000 mi | $16,888 | 13 sales |
| 40,000 mi | $15,300 | 19 sales |
| 45,000 mi | $15,944 | 14 sales |
| 50,000 mi | $15,000 | 31 sales |
| 55,000 mi | $14,740 | 38 sales |
| 60,000 mi | $13,995 | 49 sales |
| 65,000 mi | $13,970 | 76 sales |
| 70,000 mi | $13,963 | 78 sales |
| 75,000 mi | $12,995 | 89 sales |
| 80,000 mi | $12,500 | 103 sales |
| 85,000 mi | $12,399 | 133 sales |
| 90,000 mi | $11,997 | 164 sales |
| 95,000 mi | $11,995 | 203 sales |
| 100,000 mi | $11,990 | 180 sales |
| 105,000 mi | $11,499 | 194 sales |
| 110,000 mi | $11,495 | 229 sales |
| 115,000 mi | $10,998 | 284 sales |
| 120,000 mi | $11,329 | 325 sales |
| 125,000 mi | $10,950 | 319 sales |
| 130,000 mi | $10,561 | 275 sales |
| 135,000 mi | $10,000 | 300 sales |
| 140,000 mi | $9,998 | 277 sales |
| 145,000 mi | $9,993 | 260 sales |
| 150,000 mi | $9,640 | 231 sales |
| 155,000 mi | $9,849 | 221 sales |
| 160,000 mi | $9,490 | 221 sales |
| 165,000 mi | $8,995 | 199 sales |
| 170,000 mi | $8,995 | 149 sales |
| 175,000 mi | $8,900 | 129 sales |
| 180,000 mi | $8,989 | 188 sales |
| 185,000 mi | $8,490 | 141 sales |
| 190,000 mi | $7,995 | 70 sales |
| 195,000 mi | $7,993 | 94 sales |
| 200,000 mi | $7,995 | 56 sales |
| 205,000 mi | $7,995 | 53 sales |
| 210,000 mi | $7,650 | 40 sales |
| 215,000 mi | $7,600 | 47 sales |
| 220,000 mi | $6,825 | 38 sales |
| 225,000 mi | $7,974 | 20 sales |
| 230,000 mi | $6,997 | 17 sales |
| 235,000 mi | $6,718 | 18 sales |
| 240,000 mi | $6,794 | 14 sales |
| 245,000 mi | $7,025 | 10 sales |
| 250,000 mi | $6,900 | 17 sales |
| 255,000 mi | $6,247 | 12 sales |
Frequently asked questions
Aftermarket modifications can affect the depreciation of 2008 LEXUS RX either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
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.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Other years of LEXUS RX
1999 LEXUS RX
$5,488 average used price
660+ sales records
2000 LEXUS RX
$4,995 average used price
850+ sales records
2016 LEXUS RX
$24,500 average used price
15,800+ sales records
2021 LEXUS RX
$40,994 average used price
9,600+ sales records
2023 LEXUS RX
$54,115 average used price
490+ sales records
2024 LEXUS RX
$60,392 average used price
200+ sales records
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2008 LEXUS GS
$56,669 MSRP
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2009 LEXUS IS
$46,370 MSRP
$10,200 average used price
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2010 LEXUS LS
$86,305 MSRP
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2011 LEXUS IS
$46,370 MSRP
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