What should I pay for a 2024 Lexus RX 350?
The 2024 Lexus RX 350 is a luxury midsize SUV that combines performance, comfort, 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 350 and provide tips to help you make an informed decision.
Understanding the Base Price
The Manufacturer’s Suggested Retail Price (MSRP) for the 2024 Lexus RX 350 typically starts at around $48,000. However, this base price can vary depending on the trim level and optional features you choose. Lexus offers several trims, including the standard RX 350, RX 350 Premium, and RX 350 F Sport, each with its own set of features and price points.
Factors That Affect the Final Price
When determining what you should pay for a 2024 Lexus RX 350, consider the following factors:
- Trim Level: Higher trims like the F Sport or Premium models come with additional features, which can increase the price by several thousand dollars.
- Optional Packages: Lexus offers various packages, such as the Luxury Package or Technology Package, which can add features like upgraded leather, advanced safety systems, or a premium sound system.
- Dealer Fees: Additional costs such as destination charges, documentation fees, and dealer add-ons can increase the final price.
- Location: Prices can vary depending on your region due to differences in taxes, demand, and dealer incentives.
- Negotiation: Your ability to negotiate with the dealer can significantly impact the final price you pay.
Tips for Getting the Best Deal
To ensure you’re paying a fair price for your 2024 Lexus RX 350, follow these tips:
- Research Market Prices: Use online tools to compare prices in your area and get an idea of what others are paying for the same model.
- Look for Incentives: Check for manufacturer or dealer incentives, such as cashback offers or low-interest financing, which can reduce the overall cost.
- Consider Certified Pre-Owned: If you’re open to a slightly used vehicle, a certified pre-owned Lexus RX 350 can offer significant savings while still providing warranty coverage.
- Shop Around: Visit multiple dealerships to compare offers and leverage competing quotes to negotiate a better deal.
- Time Your Purchase: Buying at the end of the month, quarter, or year can often result in better deals as dealerships aim to meet sales targets.
Conclusion
The price you pay for a 2024 Lexus RX 350 will depend on the trim level, optional features, and your negotiation skills. While the base price starts at approximately $48,000, additional costs can push the final price higher. By researching market prices, exploring incentives, and shopping strategically, you can secure a great deal on this luxurious SUV. At Kevin’s Autos, we always recommend doing your homework and reaching out to trusted professionals for advice before making a significant purchase.
Frequently Asked Questions
What is the residual value of a 2024 Lexus RX 350?
A 2024 Lexus RX RX 350 has a 5-year cost-to-own of $77,659. After 5 years a 2024 RX RX 350 will depreciate $25,225 and have a residual value of $24,725.
What is the interest rate on the 2024 Lexus rx350?
Car Loan Interest Rate
| Company | Details |
|---|---|
| Capital One | APR Range: 3.99% - 10.08% Loan Term: 36 - 72 months Loan Range: $4,000+ |
| Chase | APR Range: 4.29% - 24.99% Loan Term: 48 - 72 months Loan Range: $4,000+ |
| Bank of America | APR Range: 3.49+% Loan Term: 12 - 75 months Loan Range: $7,500 - $100,000 |
How much is it to lease a 2024 Lexus 350?
2024 Lexus RX
$836/mo est. $5,836 total due at lease signing includes down payment, first month payment, and $0 security deposit. Total cost to lessee is $35,080 over the lease term. Except as otherwise expressly provided, excludes sales tax, title, registration and other fees.
Is Lexus expensive to maintain?
Lexus vehicles usually come with pretty average upkeep costs. According to data from RepairPal, the average annual repair cost for a Lexus vehicle is $551. Naturally, this cost can fluctuate based on vehicle model, age, driving conditions, maintenance practices, and more.
How much is the RX 350 in 2024?
The Manufacturer's Suggested Retail Price (MSRP) for the 2024 Lexus RX starts at $49,950 for the 350 base-level trim with destination fee and popular options. Prices will increase as you add options or choose a trim with more features.
How much to lease a 2024 Lexus RX 350?
With a 36-month lease, your monthly payment will be about $450.
How much are people paying for a Lexus RX 350?
2023 Lexus RX 350 MSRP and Invoice Price
| Trims | MSRP | Invoice Price |
|---|---|---|
| Premium | $50,550 | $47,339 |
| Premium Plus Most Popular | $53,150 | $49,770 |
| Luxury | $56,550 | $52,949 |
| F SPORT | $57,750 | $54,071 |
How much is a 2025 Lexus RX 350?
2025 Lexus RX Trims and Pricing
| Trim | Price |
|---|---|
| 350 FWD | $48,975 |
| 350 AWD | $50,575 |
| 350h AWD | $51,125 |
| 350 Premium FWD | $51,225 |
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 markup on a Lexus?
Based on our analysis, the largest markups are for $12,500 over MSRP. We found $12,500 markups on the 2024 GX Overtrail+ and Luxury+ trims, pushing their price tags up to $98,000. On average, we're seeing dealer markups of $11,000 over MSRP with markups ranging from $5,000 to $12,500.
