How much should I pay for a new Lexus RX 350?
The Lexus RX 350 is a luxury midsize SUV that combines style, comfort, and performance. If you're considering purchasing one, understanding the pricing landscape is crucial to ensure you're getting a fair deal. In this article, we'll break down the factors that influence the cost of a new Lexus RX 350 and provide tips to help you make an informed decision.
Factors That Influence the Price of a Lexus RX 350
The price of a new Lexus RX 350 can vary depending on several factors. Here are the key elements that will impact how much you pay:
- Trim Level: The Lexus RX 350 comes in different trims, such as the base model, F Sport, and hybrid variants. Higher trims with additional features and performance enhancements will cost more.
- Optional Features: Adding optional packages, such as advanced safety features, premium audio systems, or upgraded interior materials, can significantly increase the price.
- Location: Prices can vary depending on your location due to differences in taxes, dealer fees, and demand in your area.
- Market Conditions: Supply chain issues, inventory levels, and seasonal promotions can all affect the final price.
Average Price Range for a New Lexus RX 350
As of early 2025, the starting MSRP (Manufacturer's Suggested Retail Price) for a base model Lexus RX 350 is approximately $48,000. However, with additional features and higher trims, the price can climb to $60,000 or more. Keep in mind that these figures are estimates and may vary depending on the factors mentioned above.
Tips for Getting the Best Deal
To ensure you're paying a fair price for your new Lexus RX 350, consider the following tips:
- Research Local Dealers: Compare prices from multiple dealerships in your area to find the best offer.
- Negotiate: Don't hesitate to negotiate with the dealer. Many are willing to lower the price or offer additional perks to close the deal.
- Look for Promotions: Keep an eye out for seasonal sales events, manufacturer incentives, or dealer discounts.
- Consider Financing Options: Explore financing deals offered by Lexus or third-party lenders to find the most favorable terms.
- Trade-In Value: If you have a vehicle to trade in, use its value to offset the cost of your new Lexus RX 350.
Conclusion
Purchasing a new Lexus RX 350 is a significant investment, but with proper research and negotiation, you can ensure you're getting the best value for your money. By understanding the factors that influence pricing and following the tips outlined above, you'll be well-prepared to drive away in your dream SUV without overpaying.
Frequently Asked Questions
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.
What is the life expectancy of a RX350?
250,000 miles
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.
Is Lexus RX350 high maintenance?
A Lexus RX 350 will cost about $7,587 for maintenance and repairs during its first 10 years of service. This beats the industry average for luxury SUV models by $6,565. There is also a 20.47% chance that a RX 350 will require a major repair during that time.
How much is the 2024 Lexus RX 350?
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*
What is the most common problem with Lexus RX 350?
Oil leaks. A significant issue plaguing early Lexus RX 350 models was oil leaks from the engine, causing maintenance challenges and expensive repairs and even leading to a replacement engine. Due to these leaks, many owners had to pay for engine sealants or repairs.
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.
What is the best year of rx350 to buy?
The optimal model years for the RX350 are 2014, 2018, and 2020 onwards.
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.
How much should I pay for a Lexus RX 350?
Prices for a new Lexus RX 350 currently range from $48,380 to $66,104.
Is Lexus RX 350 high maintenance?
A Lexus RX 350 will cost about $7,587 for maintenance and repairs during its first 10 years of service. This beats the industry average for luxury SUV models by $6,565. There is also a 20.47% chance that a RX 350 will require a major repair during that time.
