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Lexus

Lexus - RX (2002)

The Lexus RX continues to be a benchmark in the luxury crossover segment, blending refined design with reliable performance. Whether you’re considering a 2002 Lexus RX or its modern successors, the price conversation can be complex—prices vary by market, mileage, and condition. In what follows, we provide a detailed overview that will help you understand the Lexus RX price landscape, the depreciation trajectory, and how a 2002 model holds up in today’s used‑car market.

  • Model Year: 2002 (first generation)
  • Engine: 3.5‑liter V6, 248 hp
  • Transmission: 6‑speed automatic
  • Fuel Type: Gasoline
  • Drivetrain: All‑Wheel Drive (AWD)
  • Curb Weight: ~4,740 lbs
  • Dimensions: Length 187.6 in, Width 76.5 in, Height 68.3 in
  • Wheelbase: 112.5 in
  • Seating Capacity: 5
  • Notable Features: Leather upholstery, power‑tilt/slide moonroof, dual‑zone climate control, integrated navigation (optional)

The 2002 edition represents one of the earliest entries into the mixed‑drive luxury segment. Although it may lack some of the technological refinements of newer models—such as advanced driver‑assist features—its solid architecture and dependable V6 engine keep it competitive in used markets. Drivers looking for a used Lexus RX price that balances value with luxury often find this year-today configuration attractive.

Depreciation Insights for the Lexus RX

Depreciation is a key factor when comparing new versus used vehicle equity. Lexus vehicles are known for holding their value better than many competitors, but they still experience an annual decline. For a base model like the 2002 RX, typical depreciation is as follows:

  • First Year: ~15–20% reduction from MSRP
  • Second Year: ~10% further shrinkage
  • Each Year After: ~8–9% annual decline

In practice, a 2002 model that originally sold for about $30,000 would typically command a value between $15,000 and $18,000 on the used market today, depending heavily on maintenance records, mileage, and body condition. This depreciation curve is slightly steeper than newer RX models, which can benefit from engineering upgrades that mitigate loss over time.

How 2002 Lexus RX Depreciation Compares to Similar Models

When evaluating Lexus RX depreciation, you’ll often find that high‑end SUVs across the board lose between 15–25% in the first year and maintain a 5–10% annual decrease thereafter. However, the 2002 RX’s OEM crafting creates an edge over rivals like:

  • 2020 Acura MDX: ~18% first year
  • 2015 Mercedes‑C Class A‑V: ~20% first year
  • 2018 Ford Explorer: ~17% first year

Because of its vaulted roofline and plush interior materials, the RX traditionally maintains a slight premium in used‑car auctions. Buyers looking for the most cost‑efficient entry into the luxury SUV space often see the 2002 RX priced attractively—especially when the vehicle has been well maintained.

What is a 2002 Lexus RX worth? is a common question among potential buyers. The answer depends heavily on mileage, service history, and optional feature packages. For a typical 2002 RX with 150,000 miles, you can expect a price between $13,000 and $17,000 in a stable market. Low‑mileage examples (under 100,000 mi) can safely command a premium of 10–15% above that range.

Market Position: A Luxury SUV for the Modern Driver

The Lexus RX has carved a solid reputation as the first‑choice under‑the‑hood in the luxury crossover market. It offers: