Lexus - LX (2004)

Meet the 2004 Lexus LX, a rugged yet refined luxury SUV that has earned a reputation for exceptional off‑road capability and premium comfort. Even decades after it first rolled off the assembly line, the Lexus LX price remains a point of interest for both new buyers and seasoned collectors. The exact cost of a 2004 Lexus LX varies by market, condition, mileage, and regional demand, but understanding its value position and depreciation trend is key to making an informed decision.

• Engine: 5.7‑liter V8 4GR‑FV, 320 horsepower, 345 lb‑ft torque.
• Transmission: 4‑speed automatic (later models upgraded to 5‑speed).
• Drive: Full‑time four‑wheel drive with electronic locking differentials.
• Fuel Type: Gasoline.
• Dimensions: Length 188.3 in, width 78.9 in, height 73.6 in.
• Wheelbase: 123.4 in.
• Weight: 4,790 lbs.
• Interior: Premium leather upholstery, power‑adjustable seats, tri‑zone climate control.
• Technology: Navigation, premium audio, rear‑seat display (1984), Bluetooth (later models), optional six‑screen video system.
• Towing Capacity: 6,000 lbs.
• Off‑road Features: Multi‑Mode 4WD, Terrain Response, wheel‑tip tracks.
• Safety: Dual front airbags, side‑air bags, automatic ABS, traction control, hill‑start assist.
• Annual Depreciation: Varies by mileage & condition.

Depreciation Insight

The Lexus LX depreciation curve reflects the luxury SUV’s balance between high initial cost and strong resale value. A 2004 model will typically experience:

• 15‑20% value loss in the first year for newer vehicles (if the 2004 model was still in production, this would have been the case).
• 4‑7% annual depreciation thereafter, depending on mileage (average 15,000 miles per year is considered moderate).
• Models with higher mileage (beyond 90,000 miles) can see a steeper decline—up to 12% in a single year—particularly if mechanical wear has accumulated.
• Condition is a critical factor: a pristine, low‑mileage 2004 LX may hold as much as 70% of its original value after ten years, while a heavily worn example might fall below 40%.

Because the 2004 Lexus LX was one of the first luxury SUVs to bring full‑time 4WD to a mainstream audience, many enthusiasts ask “what is a 2004 Lexus LX worth?” A helpful rule of thumb: if the vehicle has otherwise maintained strong brand integrity, original parts, and minimal modifications, its value will likely be a fraction of its purchase price but still above the floor of most comparable used luxury SUVs.

Comparison Context

When placed side‑by‑side with contemporary luxury SUVs such as the Lexus LX 2004 price comparables like the Lexus LX 2004 price (late‑model 2004 Lexus LX 470), Chevrolet Suburban, and Ford Expedition, the 2004 LX stands out for:

• Strong torque for off‑road use, thanks to the 5.7‑liter V8.
• Premium interior grading; leather seats, dual‑zone climate control and a broader array of safety features than its American rivals.
• Higher used Lexus LX price retention; whereas a used Suburban of similar age may enjoy freight-heavy steep depreciation, the LX’s reputation for durability keeps it comparatively robust.
• Unique Japanese manufacturing craftsmanship that couples reliability with refinement.

In most markets, you’ll find a 2004 LX priced between the used Lexus LX price of around $12,000–$18,000 and the comparable