Every Lexus model is classified as a luxury vehicle because: Lexus models are easily distinguishable, and they don't simply look like elevated Toyota models.
The Lexus owner base is younger, too, with a median age of 53 (vs. 58). Their median household income is $193,750 (vs. $198,923).
Lexus cars are known for their exceptional safety, performance, and luxury features, making them a popular choice for drivers who want the best of the best.
Which car brand is driven most by millionaires? Though wealthy consumers are known for buying luxury car brands like Rolls-Royce, Mercedes-Benz, Jaguar, or Porsche, you might also find them driving mainstream brands such as Honda, Toyota, and Ford.
Lexus is sometimes referred to as a premium, rather than a luxury, brand thanks to its cars' attractive prices (the LS and LC sedans, the LX SUV and the forthcoming 2025 supercar are the only Lexus models that retail for over $80k).
Lexus personality types
More than any other brand of car, Lexus drivers consider themselves more analytical. And as one of the lowest scoring traits across the chart, it's a special string to have in your bow.
Lexus vehicles are the Toyota luxury brand – the same parent company owns the two automakers, and Toyota and Lexus vehicles share some components. The Lexus manufacturer is based in Japan, though their largest target market is the U.S.
The brand says its average buyer age is 53 years old, the exact same age as five years ago. Lexus' buyer loyalty is among the strongest in the industry at 60 percent.
Clooney has been seen in his new Lexus LSes numerous times over the years, seeing it as the perfect luxurious daily driver.
On the whole, Lexus vehicles are relatively inexpensive to maintain when compared to other luxury vehicles, especially when the factory maintenance schedule is followed. The automotive reliability data analysts at RepairPal ranked Lexus as the sixth-best brand for overall durability,1 placing it just ahead of Toyota.
Getting a loan for a luxury car like the Lexus LS is a bit more involved compared to regular vehicles. You'll want to ensure you have an excellent credit score, meaning it's at least 750 or above. This is important because you will receive lower interest rates and be able to put down less cash upfront.
One vehicle you might want to look at is the 2024 Lexus ES. With a starting price around $41,000, TrueCar calls it one of the best midsize luxury cars for your money.
BMW vs.
Not only is Lexus a more dependable brand, but its average annual maintenance costs are also lower than BMW's. On average, Lexus owners report spending approximately $550 per year on maintenance. Comparatively, BMW owners report spending an average of $1,000 to $1,700 per year to maintain their vehicle.
Lexus performed well against the competition in terms of dependability with a score of 135 PP100. This is a full 55 problems per 100 vehicles lower than the industry average of 190 PP100. Compared to the Audi score of 275 PP100, Lexus is the clear winner in terms of dependability.
Lexus and Mercedes-Benz are two of the most well-known brands in the luxury car space. Nevertheless, the Mercedes-Benz brand's reliability and reputation can't be duplicated.
Maintenance and repairs are pretty inexpensive for Lexus because it is Toyota's luxury subsidiary. Lexus owners pay roughly $551 on maintenance and repairs each year; however, expenses rise as vehicles get older.
Lexus is known for creating luxury vehicles with effortless and timeless styles that stand out on the road, perform well, and tend to be reliable and long-lasting.
You are successful and accomplished: Luxury cars are often associated with success and accomplishment, and driving one can say that you have achieved a certain level of success in your personal or professional life. It may also indicate that you are confident and proud of your achievements.
Lexus is the luxury vehicle brand owned by the Toyota Motor Corporation. Like Toyota, Lexus is headquartered in Japan, but its vehicles are manufactured around the world so Riverview drivers like yourself can enjoy the luxury that a Lexus vehicle has to offer.
While some wealthy Americans drive luxury vehicles, an Experian Automotive study found that a whopping 61% of households making more than $250,000 don't drive luxury brands. Instead, they drive less showy cars, like Hondas, Toyotas and Fords. “Most millionaires don't drive flashy cars,” Ramsey wrote on Facebook.