How much should I pay for a 2024 Lexus RX 350h?
The 2024 Lexus RX 350h is a luxury hybrid SUV that combines performance, efficiency, and cutting-edge technology. If you're considering purchasing this vehicle, understanding its pricing is essential to ensure you're getting a fair deal. In this article, we’ll break down the factors that influence the cost of a 2024 Lexus RX 350h and provide tips to help you make an informed decision.
What Is the Base Price of the 2024 Lexus RX 350h?
The starting MSRP (Manufacturer's Suggested Retail Price) for the 2024 Lexus RX 350h is approximately $50,150. This price reflects the base model without any additional features or packages. Keep in mind that taxes, registration fees, and dealer fees will increase the final cost.
Factors That Affect the Final Price
Several factors can influence the total amount you’ll pay for a 2024 Lexus RX 350h. Here are the key considerations:
- Trim Level: The RX 350h comes in different trims, such as Premium, Luxury, and F Sport. Higher trims include more advanced features and can significantly increase the price.
- Optional Packages: Lexus offers various packages, such as the Technology Package or Advanced Safety Package, which add features like upgraded infotainment systems, enhanced safety features, and premium materials.
- Dealer Markups: Depending on demand and availability, some dealerships may add a markup to the MSRP.
- Location: Prices can vary based on your geographic location due to differences in taxes, fees, and dealer competition.
- Incentives and Discounts: Look for manufacturer incentives, dealer promotions, or loyalty discounts that can reduce the overall cost.
Additional Costs to Consider
Beyond the sticker price, there are other costs associated with purchasing a 2024 Lexus RX 350h:
- Taxes and Registration: These vary by state and can add thousands of dollars to the final price.
- Extended Warranties: If you opt for an extended warranty, this will be an additional expense.
- Insurance: Luxury vehicles like the RX 350h often come with higher insurance premiums.
- Maintenance: While Lexus vehicles are known for reliability, hybrid systems may require specialized maintenance over time.
Tips for Getting the Best Deal
To ensure you’re paying a fair price for your 2024 Lexus RX 350h, follow these tips:
- Research Prices: Use online tools to compare prices at different dealerships in your area.
- Negotiate: Don’t hesitate to negotiate with the dealer. Many are willing to lower the price or include additional features to close the deal.
- Shop During Sales Events: Look for end-of-year sales, holiday promotions, or clearance events to find better deals.
- Consider Certified Pre-Owned: If you’re open to a slightly used vehicle, a certified pre-owned Lexus RX 350h can save you money while still offering warranty coverage.
Conclusion
The 2024 Lexus RX 350h is a premium hybrid SUV with a starting price of around $50,150. However, the final cost can vary based on trim levels, optional packages, and additional fees. By researching, negotiating, and taking advantage of promotions, you can ensure you’re getting the best value for your investment. At Kevin’s Autos, we’re always here to help with your car-related questions and maintenance needs. Feel free to reach out for expert advice!
Frequently Asked Questions
How much is the Lexus RX 350h luxury?
Prices for a new Lexus RX 350h Luxury currently range from $66,685 to $70,669. Find new Lexus RX 350h Luxury inventory at a TrueCar Certified Dealership near you by entering your zip code and seeing the best matches in your area.
Where are Lexus RX 350h made?
Cambridge, Ontario, Canada
Toyota Motor Manufacturing Canada, Inc. – Cambridge, Ontario, Canada —assembles the Lexus RX, as well as the Lexus RX Hybrid. Toyota Motor Kyushu – Miyawaka, Fukuoka, Japan — assembles the Lexus UX.
How much will the 2024 Lexus cost?
The price of the 2024 Lexus TX starts at $55,050 and goes up to $60,950 depending on the trim and options. We'd recommend the TX350 Luxury, as it adds desirable upscale features such as semi-aniline leather upholstery, 10-way power-adjustable front seats, a heated steering wheel, and heated second-row seats.
How much is the invoice price for the 2025 Lexus RX 350h?
2025 Lexus RX 350h base price starts at $51,125 to $61,920. Invoice price goes from $48,059 to $58,204.
What should I pay for a 2024 Lexus RX350?
2024 Lexus RX Price
2024 Lexus RX 350: $49,950 MSRP* 2024 Lexus RX 350 Premium: $52,100 MSRP* 2024 Lexus RX 350 Premium+: $53,950 MSRP* 2024 Lexus RX 350 Luxury: $59,080 MSRP*
How long is the wait for Lexus 350h?
A turnaround in the supply situation means that the average wait time for a Lexus NX350h is now down to 3-5 months (as of January 2024) and by mid-2024, new orders are expected to take 2-4 months to be delivered to customers.
What is the residual value of the 2024 Lexus RX 350?
A 2024 Lexus RX RX 350h has a 5-year cost-to-own of $64,612. After 5 years a 2024 RX RX 350h will depreciate $27,508 and have a residual value of $24,592. During this time out-of-pocket expenses are expected to total $37,104.
Do Lexus RX 350 hold their value?
A Lexus RX 350 will depreciate 39% after 5 years and have a 5 year resale value of $37,462. The Lexus RX 350 consistently ranks in the Top 5 of luxury vehicles, when it comes to maintaining value, and it continues to do so well into the later years.
How much to lease a 2024 Lexus RX350?
With a 36-month lease, your monthly payment will be about $450.
What is the average life of a Lexus RX 350?
The average vehicle can register around 150,000 miles on the odometer. When it comes to the Lexus RX 350, how long does it last? When properly cared for and driven, the Lexus RX can last for 250,000 miles or more.
