The invention relates to a method for preparing siloxane-modified thermoplastic material, which comprises the following steps: adding 100 weight parts of thermoplastic resin, 40-80 parts of high molecular weight siloxane, 20-40 parts of silicon resin, and 5-10 parts of compatibilizer into a blender, blending for 3-4min, then adding 10-25 weight parts of cross-linking agent and 0.01 -0.5 parts of hydrosilation catalyst, reacting and blending for 3-5min, discharging, cooling to the room temperature and obtaining a base stock; taking 100 weight parts of the base stock in the step one and 50-150 weight parts of thermoplastic resin for mixing uniformly, blending through an internal mixer or a double screw extruder and obtaining the siloxane-modified thermoplastic material. The cross-linking siloxane-modified thermoplastic material made by the invention has the advantages of higher heat resistance, excellent weather resistance, lower friction factor changing along with time, smooth surface, silk touch feeling and the like.