How much should I pay for a new Lexus?
When it comes to purchasing a new Lexus, the price can vary significantly depending on the specific model, features, and location. However, as a general guideline, you can expect to pay between $35,000 to $100,000 or more for a new Lexus vehicle.
Factors Affecting Lexus Pricing
The price of a new Lexus is influenced by several key factors:
- Model: Lexus offers a range of models, from the entry-level UX crossover to the flagship LX SUV. Higher-end models, such as the LS sedan or the LX, will typically cost more than the smaller, more affordable models.
- Features and Options: The more features and options a Lexus is equipped with, the higher the price. Things like premium audio systems, advanced safety technologies, and luxury interior materials can significantly increase the cost.
- Location: Prices for Lexus vehicles can vary depending on the region or state in which you are purchasing the car. Factors such as local taxes, dealer markups, and market demand can all impact the final price.
- Dealer Negotiations: As with any vehicle purchase, the final price you pay for a new Lexus can often be negotiated with the dealer. Skilled negotiation and research on fair market value can help you get the best deal.
It's important to note that the prices mentioned above are just general guidelines, and the actual cost of a new Lexus can vary significantly based on the specific factors mentioned.
Researching and Comparing Lexus Prices
To get a more accurate idea of how much you should pay for a new Lexus, it's recommended to research prices online, visit local dealerships, and compare offers. Websites like Kelley Blue Book, Edmunds, and Cars.com can provide valuable information on the average selling prices for different Lexus models in your area.
Additionally, it's a good idea to get pre-approved for financing, as this can give you more negotiating power when working with the dealer. By being an informed and prepared buyer, you can ensure that you get the best possible deal on your new Lexus.
Are Lexus expensive to own?
On the whole, Lexus vehicles are relatively inexpensive to maintain when compared to other luxury vehicles, especially when the factory maintenance schedule is followed. The automotive reliability data analysts at RepairPal ranked Lexus as the sixth-best brand for overall durability,1 placing it just ahead of Toyota.
What is the average cost of a new Lexus?
Lexus prices vary across models from just over $35,000 for an NX compact crossover, to over $90,000 for the LC grand touring coupe.
What is the best Lexus car to buy?
2023 Lexus ES
The Lexus ES is our Luxury Car Best Buy of 2023. It's famously comfortable and reliable, and makes more financial sense than many of its competitors. The hybrid-powered ES 300h can achieve an impressive 44 mpg on the highway.
Is Lexus overpriced Toyota?
TOYOTA PRICES VS LEXUS PRICES
The Lexus brand pricetag starts higher than a Toyota, but it is a luxury value package worthy of the cost. For that matter, it's possible to pay more for a Toyota if you are trying to get the luxuries mostly reserved for the Lexus lineup. Here are some examples of Toyota and Lexus prices.
What car do most wealthy people drive?
Here are the top five car brands driven by actual real-life millionaires number five Subaru. Number four Lexus sitting at number three Ford number two Honda. And in first place Toyota.
What is the average income of a Lexus owner?
The Lexus owner base is younger, too, with a median age of 53 (vs. 58). Their median household income is $193,750 (vs. $198,923).
Does the 2024 Lexus RX 350 require premium gas?
The Lexus RX's Gas Requirements
Most 2024 and 2023 models require premium unleaded gas with an octane rating of 91 or higher. Models released between 2012 and 2022 use unleaded gasoline with an octane rating of 87 or higher. That means that while you can use premium gasoline in older RX models, it isn't required.
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 does a new Lexus IS cost?
The price of the 2025 Lexus IS starts at $41,335 and goes up to $64,820 depending on the trim and options. We have an affection for the high-performance IS500 model with its sonorous V-8 engine, but most shoppers will be best served by the six-cylinder IS350, which is more rewarding to drive than the base IS300.
What should I pay for a 2024 Lexus RX 350?
2024 Lexus RX Price
We've broken down the cost of each trim level of this SUV below: 2024 Lexus RX 350: $49,950 MSRP* 2024 Lexus RX 350 Premium: $52,100 MSRP* 2024 Lexus RX 350 Premium+: $53,950 MSRP*
