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By Jason Allan
Updated January 30, 2025
The Lexus RX is one of the all-time great luxury vehicles… but for different reasons than most. It’s comfortable and aspirational, to be sure, but the RX has carved out its spot in automotive history by adding a heavy helping of value to the mix. Indulgence and exclusivity will always have their appeal, but sales figures prove there are plenty of luxury-minded buyers who place a higher value on peace of mind and financial prudence.
2023 Lexus RX pricing starts at $49,251 for the RX RX 350 Sport Utility 4D, which had a starting MSRP of $50,150 when new. The range-topping 2023 RX RX 500h F SPORT Performance Sport Utility 4D starts at $54,555 today, originally priced from $63,150.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$50,150 | $49,251 | |||
$50,550 | $49,066 | |||
$52,150 | $49,738 | |||
$52,550 | $49,816 | |||
$54,750 | $49,138 | |||
$55,150 | $55,001 | |||
$57,750 | $51,555 | |||
$58,150 | $51,351 | |||
$58,550 | $53,148 | |||
$63,150 | $54,555 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Lexus RX models in typical condition when purchasing from a dealership. These prices are updated weekly.
Our first test of the 2023 Lexus RX took place in and around Santa Barbara, California, where the totally redesigned model made its world driving debut. We spent a full day driving it around town, on the highway, and over undulating backroads. We expected one of the quietest, most comfortable SUVs in its price range to grow even more so with its fifth-generation redesign, and weren’t at all surprised to find exactly that.
Of note, a move to turbocharged 4-cylinder power in place of the RX’s traditional V6 brings quicker acceleration, improved fuel economy, and a welcome sense of increased agility due to the new engine’s lighter weight. The new RX is easy to drive and a downright pleasant way to make your way in the world.
We’ve spent hundreds of hours driving and researching the current collection of midsize luxury SUVs, including this all-new Lexus RX.
Inside, the new RX is rich in materials but restrained in design relative to some of its more ornate European rivals. It’s as roomy as just about anything in the segment, with supportive seats that delivered all-day comfort in our time behind the wheel. We liked the placement and design of the cupholders and phone cubby up front.
The massive 14-inch high-definition touchscreen is outstanding, but even the standard 9.8-inch unit serves as a fine centerpiece. New steering wheel controls are clever and functional, but take some time to master. Overall, this is a comfortable, functional, attractive passenger cabin in which we’d gladly reserve a seat for the length of a lease or longer.
Traffic Jam Assist
Under the right conditions, the 2023 Lexus RX can steer, accelerate, and brake itself through stop-and-go traffic. Sit back and relax, but not too much.
Automated parallel parking
In addition to taking over most of the driving duties in tight traffic, the 2023 Lexus RX can just about parallel park itself. Using four cameras and 12 sensors, the RX can steer, brake, and shift itself into place.
Gorgeous color palette
In addition to black, white, and gray, the 2023 Lexus RX is available in a wide range of interesting colors including Caviar, Copper Crest, and Nori Green Pearl. Six available interior hues include Macadamia, Peppercorn, and Rioja Red.
21-speaker surround sound
The Mark Levinson audio systems offered across the Lexus line consistently rank among our favorites.
Use your phone as your key
You can lock, unlock, and start the 2023 Lexus RX with your phone. The car senses your phone just as it senses a key, so you don’t need to take it out of your pocket. You can even “send” a key to a friend.
Wireless Apple CarPlay and Android Auto
Smartphone integration is even better when it happens automatically.
Lexus says the new RX offers 29.6 cubic feet of cargo room behind the rear seats, which is right on par with what you’ll find in the back of small SUVs like the BMW X3 and Genesis GV70, for instance.
The Lexus brand is built on a foundation of reliability established in no small measure by the RX itself. And while this all-new version has yet to establish any track record, we’re not going out on a limb in predicting it will follow its predecessors as among the most trouble-free luxury SUVs on the road.
Reliable cars make especially attractive used cars, which command higher prices in the used market, which return more money to the original buyers’ pockets. The Lexus RX is one of those vehicles.
Ask any Lexus owner how they like their car, and odds are they’ll also mention the efficient, attentive, generous dealership service. It’s as likely to keep them in the Lexus family – or bring them back – as the vehicles themselves.
Every 2023 Lexus RX is covered by a 4-year/50,000-mile limited warranty, plus a 6-year/70,000-mile powertrain warranty. This is typical coverage among luxury makes.
The 2023 Lexus RX lineup comprises three variants – with a plug-in hybrid version still to come — each defined by its own powertrain. Let’s have a look at the lineup:
Delivering an enviable balance of price and features, Lexus expects more than 7 in 10 RX buyers to choose the bread-and-butter RX 350 model. We wouldn’t blame a single one of them.
Starting price: $48,550
Turbocharged 2.4-liter 4-cylinder engine
Front- or all-wheel drive
275 horsepower @ 6,000 rpm
317 lb-ft of torque @ 1,700-3,600 rpm
0-60 mph: 7.6 seconds (AWD: 7.2 seconds)
Fuel economy: 25 mpg (22 city, 29 highway) AWD: 24 mpg (21 city, 28 highway)
The RX hybrid can save you more than $800 and 16 trips to the pump every year. (Assumptions: 15,000 miles per year, $4.00 per premium gallon, filling after every 13 gallons.) And some would say it even drives a little better than the non-hybrid RX. We’d definitely consider it.
Starting price: $50,150
2.5-liter 4-cylinder engine + electric motor
All-wheel drive
246 horsepower @ 6,000 rpm
233 lb-ft of torque @ 4,300-4,500 rpm
0-60 mph: 7.4 seconds
Fuel economy: 36 mpg (37 city, 34 highway)
With a performance-oriented hybrid powertrain that produces 366 horsepower and 406 lb-ft of torque, the sportiest, most powerful, longest-named RX of all time can sprint to 60 mph in an impressive 5.9 seconds. Added handling prowess and go-fast looks come along for the ride. (Not to be confused with the less potent RX 350 F Sport Handling, a version of the RX 350.)
Starting price: $62,750
Turbocharged 2.4-liter 4-cylinder engine + electric motor
All-wheel drive
366 horsepower @ 6,000 rpm
406 lb-ft of torque @ 2,000-3,000 rpm
0-60 mph: 5.9 seconds
Fuel economy: 27 mpg (27 city, 28 highway)
While there’s nothing else quite like the RX, buyers seeking exclusivity will need to shop elsewhere. Even more so than its popular predecessors, the totally redesigned 2023 Lexus RX is just too good in too many ways not to be a big seller.
The 2023 Lexus RX earns the coveted IIHS Top Safety Pick+ award for its perfect crash test scores and the standard Lexus Safety System+ 3.0 safety tech suite.
Get 3.99% for 48 months on a new 2025 RX 500h F SPORT PERFORMANCE AWD.
Lease a new 2025 RX 500h F SPORT PERFORMANCE AWD for $749 a month for 39 months with $4,999 due at signing.
Get $1,000 Rebate on a new 2025 RXPHEV.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2023 | - | $50,550 | $50,550 | ||
2024 | $1,464 | $49,086 | $45,918 | ||
Now | $3,121 | $45,965 | $42,855 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 4455 lbs. | ||
---|---|---|---|
Fuel Capacity | 17.2 gallons | ||
Front Head Room | 39.5 inches | ||
Front Leg Room | 41.1 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 8.2 inches | ||
Overall Length | 192.5 inches | ||
Front Shoulder Room | 58.1 inches | ||
Towing Capacity, Maximum | 3500 lbs. | ||
Trunk or Cargo Capacity | 46.2 cu.ft. | ||
Turning Diameter | 19.4 feet | ||
Wheel Base | 112.2 inches | ||
Gross Vehicle Weight Rating (GVWR) | 5750 lbs. | ||
Width with mirrors | 75.6 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Fog Lights | Available | ||
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors | ||
Roof Rails | Available | ||
LED Headlights | Available | ||
Rear Spoiler | Available |
City | 37 mpg | ||
---|---|---|---|
Highway | 34 mpg | ||
Combined | 36 mpg |
Drivetrain | AWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
Recommended Fuel | Premium | ||
Parking Assist System | Available |
Horsepower-Combined | 246 @ 6000 RPM | ||
---|---|---|---|
Torque | 233 @ 4300 rpm | ||
Engine | 4-Cyl, Hybrid, 2.5 Liter | ||
0 to 60 | 7.4 seconds | ||
Top Speed | 112 mph |
Basic | 4 years / 50000 miles | ||
---|---|---|---|
Powertrain | 6 years / 70000 miles | ||
Corrosion | 6 years / Unlimited miles |
Lexus Safety Sense+ 3.0
Every 2023 Lexus RX features an impressive array of safety features that includes blind-spot monitoring, forward collision warning, adaptive cruise control, automatic emergency braking, lane-keeping assist, lane-departure warning, automatic high-beam headlights, and more.
Safe Exit Assist
Sometimes people unwittingly open car doors in front of bicyclists or cars approaching from behind. The Lexus RX can help prevent that from happening.
Head-up display
With things like vehicle speed and navigation directions projected onto the lower windshield, drivers can spend more time with their eyes on the road ahead.
Used 2023 Lexus RX | New 2025 Lexus RX | Used 2023 BMW X5 | Used 2023 Land Rover Range Rover Velar | ||
---|---|---|---|---|---|
Price | $49,066 | $50,475 | $45,037 | $44,728 | |
KBB.com Rating | 4.7 | 4.7 | 4.7 | 3.4 | |
Consumer Rating | 3.6 | 3.6 | 4.3 | 4.1 | |
Fuel Economy | City 37/Hwy 34/Comb 36 MPG | City 22/Hwy 29/Comb 25 MPG | City 21/Hwy 25/Comb 23 MPG | City 20/Hwy 26/Comb 23 MPG | |
Fuel Type | Hybrid | Gas | N/A | N/A | |
Safety Rating | N/A | 4.0 | 4.0 | N/A | |
Seating Capacity | 5 | 5 | 7 | 5 | |
Basic Warranty | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | |
Horsepower | 246 @ 6000 RPM | 275 @ 6000 RPM | 335 @ 5500 RPM | 247 @ 5500 RPM | |
Engine | 4-Cyl, Hybrid, 2.5 Liter | 4-Cyl, Turbo, 2.4 Liter | 6-Cyl, Turbo, 3.0 Liter | 4-Cyl, Turbo, 2.0 Liter | |
Drivetrain | AWD | FWD | AWD | AWD |
Yes, the well-rounded 2023 Lexus RX is one of the best luxury SUVs money can buy.
No, the 2023 Lexus RX is a 2-row, 5-passenger SUV. The previous-generation Lexus RX lineup included a 3-row RX L model, but we don’t expect it to return. Instead, look for a proper 3-row midsize SUV to join the Lexus lineup in 2023, as the 2024 Lexus TX.
Yes, the Lexus RX has been completely redesigned from the wheels up for the 2023 model year.
Yes, the 2023 Lexus RX is a good car, as reflected by its above-average Kelley Blue Book rating of 4.7 out of 5.
2023 Lexus RX city/highway fuel economy ratings range from 21/28 mpg to 37/34 mpg, depending on trim and equipment.
Used 2023 Lexus RX prices currently range from $49,066 for the RX 350h Sport Utility 4D to $55,001 for the RX 350h Premium+ Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2023 Lexus RX is the RX 350h Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $49,066.