What should I pay for a 2024 Lexus RX 350?
When it comes to purchasing a 2024 Lexus RX 350, the price you should pay can vary depending on several factors. The Lexus RX 350 is a popular mid-size luxury SUV known for its premium features, reliability, and strong resale value. To help you determine a fair price, we'll explore the key considerations and provide guidance on what to expect.
Factors Affecting the Price of a 2024 Lexus RX 350
The price of a 2024 Lexus RX 350 can be influenced by the following factors:
- MSRP (Manufacturer's Suggested Retail Price): The MSRP for a 2024 Lexus RX 350 typically ranges from around $47,000 to $55,000, depending on the specific trim level and optional features.
- Dealer Pricing: Dealers may offer the vehicle at a price above or below the MSRP, depending on market conditions, demand, and negotiation.
- Location and Regional Factors: Prices can vary based on the local market, with higher prices in areas with greater demand or limited supply.
- Mileage and Condition: For used Lexus RX 350 models, the price will be influenced by the vehicle's mileage, overall condition, and any previous maintenance or repair history.
- Incentives and Rebates: Lexus may offer various incentives, such as cash back or low-interest financing, which can affect the final price you pay.
By considering these factors, you can better understand the range of prices you can expect to pay for a 2024 Lexus RX 350.
Negotiating the Best Price
To get the best deal on a 2024 Lexus RX 350, it's important to do your research and be an informed buyer. Here are some tips to help you negotiate the price:
- Research the Market: Check online listings, dealer websites, and automotive pricing guides to understand the current market value for the specific Lexus RX 350 model you're interested in.
- Negotiate: Be prepared to negotiate with the dealer, using your research to support a fair price. Don't be afraid to walk away if the dealer is unwilling to meet your price expectations.
- Consider Timing: Prices may be more negotiable during slower sales periods or when there is less demand for the Lexus RX 350.
- Explore Financing Options: Compare financing offers from the dealer, your bank, or credit union to find the best interest rate and terms.
- Consider Leasing: Leasing a 2024 Lexus RX 350 may be a more affordable option, especially if you don't plan to keep the vehicle long-term.
By following these tips and being a savvy negotiator, you can increase your chances of securing a fair price on a 2024 Lexus RX 350.
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 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.
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.
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.
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.
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.
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 |
