2022 Lexus RX: Total Ownership Cost for Indiana Buyers

The Lexus RX has been one of the best-selling luxury SUVs in the United States for over two decades. Its combination of Toyota reliability, genuine luxury interior, and strong resale value makes it one of the most financially defensible luxury vehicle purchases available. For Indiana buyers considering their first luxury vehicle, the RX represents the least financially risky entry point.

Purchase Price Range

Used 2022 RX 350s in Indiana are priced in the $42,000 to $52,000 range. The RX 450h hybrid commands a $4,000 to $6,000 premium over the comparable RX 350. F Sport trims add $2,000 to $3,000 for their sportier appearance and driving dynamics.

Fuel Cost

The RX 350 averages 22 to 24 mpg combined, costing approximately $1,750 to $1,950 per year at 12,000 miles. The RX 450h improves this to 29 to 32 mpg, reducing annual fuel cost to approximately $1,300 to $1,450 and saving $400 to $500 per year.

Insurance Cost

The RX's strong safety ratings and moderate repair costs for a luxury vehicle produce favorable insurance rates. Full coverage in Indiana typically runs $1,400 to $1,900 per year, below European luxury competitors of similar price.

Maintenance

This is where the RX's advantage over European luxury is most dramatic. Annual maintenance costs of $700 to $1,100 are 40 to 60 percent below comparable BMW X5 or Mercedes GLE maintenance costs. Over five years, this difference represents $3,000 to $5,000 in maintenance savings alone.

Resale Value

The RX retains value exceptionally well for a luxury vehicle, holding approximately 55 to 60 percent of its value after three years. This retention rate exceeds most European luxury competitors and approaches mainstream Japanese SUV levels, which significantly strengthens the RX's total ownership cost case.