Lexus Tops Vehicle Maintenance Cost Survey

How much would you say it cost to maintain your vehicle? Especially a Lexus?

According to the We Predict Deepview True Cost report, it cost just $30 over the first three months of ownership of a Lexus. Just $30!

Because of that cost, We Predict awarded Lexus the top spot in their Deepview True Cost Report among premium brands. In addition, the Lexus GX, Lexus LC, and Lexus UX lead in their respective segment categories in the same report.

The Deepview True Cost is the first report of its kind to measure service and warranty costs compiled from actual service records. The report measures money spent by owners and manufacturers of 2021 model-year vehicles after three months on the road. It reveals which brands and models across 21 segments, including electric vehicles (EVs), have the lowest service costs.

We Predict applies predictive analytics to the most comprehensive industry-wide service database available. When we combine these forces, we can forecast vehicle and component failures far earlier than manufacturers can today. This organization enables automakers, suppliers, and other automotive companies with the data they need to reduce warranty costs, identify problems earlier, free up cash and improve customer satisfaction.

We Predict created the Deepview True Cost awards to provide a glimpse of the power contained in our industry-wide database. The Deepview True Cost will rank 2021 vehicles by the actual dollars spent on service by customers and manufacturers in the first three months of ownership.

Also, did you know that vehicle repairs represent 77 percent of service visits in the first three months, while only 8 percent of service is for maintenance. Therefore, premium vehicle repair costs in the first three months on the road average $69.

That’s food for thought if you’re considering watching your bottom line with your vehicle. Especially here in Southern Nevada.

If you are looking for a hedge in your vehicle ownership, a Lexus is worth looking at. Contact us at Lexus of Henderson to experience what value is all about today!