Used 2023 Lexus NX for Sale nearPeterborough, ON

How much does the 2023 Lexus NX cost?

Prices have softened 4.66% compared to this time last year, making it a favourable time to shop this model year.

There are 199 listings available, which suggests you have a reasonable amount of inventory to compare.

Is the 2023 Lexus NX a good car?

Yes — the 2023 Lexus NX earns a 5/5 user rating, which points to strong owner approval. It stands out because it combines distinctive styling with a strong reputation for reliability, while also offering a minimalist cabin and a large touchscreen display. If you want a premium compact SUV with a luxury feel, standard all-wheel drive in Canada, and a broad powertrain range, this model year fits that brief well. With 24.6% of listings marked as good or great deals, you also have some room to shop selectively.

Is the 2023 Lexus NX reliable?

Owners rate it 5/5, a strong signal of long-term satisfaction.

The 2023 Lexus NX is described as having a strong reputation for reliability, and its appeal is reinforced by a premium build, standard all-wheel drive in Canada, and efficient hybrid options. For used buyers, that combination suggests lower long-term ownership risk than many rivals, especially if you prioritise dependability over outright driving excitement.

Is now a good time to buy a used 2023 Lexus NX?

This looks like a moderate, selective buyer’s market, so you can afford to compare listings carefully rather than rush.

• Deal availability: 24.6% of listings are priced as good or great deals.
• Inventory: There are 199 listings available.
• Price trend: Prices have softened 4.66% compared with last year.

If you find a listing below $43,321 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Lexus NX's resale value?

The current average of $44,043 CAD sits slightly below last year's $46,194 CAD.

That softer pricing can be helpful if you buy now, but it also means a future seller may need to be realistic about expectations if the market stays competitive. The NX’s premium image, efficiency in hybrid form, and strong reliability reputation should help support demand over time. Its broad appeal should also make it easier to attract shoppers looking for a luxury SUV with a dependable reputation.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 Lexus NX or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 24.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 4.66% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $41,373 CAD, the 2022 costs less than the current year's $44,043 CAD average.
• The redesign brings a more attractive, more dynamic, and more technologically advanced feel.

The bottom line: Choose the 2023 if you want the stronger current-market balance of price, inventory, and owner satisfaction. If your priority is spending less upfront, the 2022 is the better value play, especially if you like its more modern redesign and can live with the older model year.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.