CarNutTO

Toyota Canada has lowered most of their prices and so, a 2009 RX similarly equippped to my 2005 (navi, RSES, ML) now has a list price almost $9,000 LESS than what my car listed for.

Part of the reason I bought another Lexus when it came time to sell my RX300 was the great resale value.

Guess the joke is on me for buying the car instead of leasing it, and making the resale value their problem!

Gojirra99

When a made-in-Canada car was selling for much less in the U.S. because of the week US$, I think they are forced to decrease the price up here if they want to keep moving cars . . .

CarNutTO

I am fully aware of the market forces that required them to lower their Canadian prices, and I know that I am certainly not the only person affected by this, but I'm still pretty upset about it.

I'm also pretty surprised that there was no acknowledgment from Toyota Canada to their existing customers that this is something that they had to do - I certainly get enough junk mail from both my dealer and from head office.

salimshah

This one may have a reason due to currency exchange, but boy did Lexus make old customers unhappy when they switched from 1st gen GS to 2nd.

Things like this happen.

Salim

mandyfig

Salim, what happened on the GS 1st and 2nd Gen pricing?

CarNutTO

Based on some internet research, in the U.S., the 1997 GS300 started at $46,195 and the 1998 GS started at $36,900.

AM1

iTrader: (6)

again another reason why i think toyota does whatever it feels like, thinking their loyal customers will keep buying like blind fools.

salimshah

I think keeping the price high to make prior customers feel happy is the wrong thing to do.

Salim

dcrx350

After I read your message I went on line to check it out - I can't believe that!! I lease my car but I'm still mad cause I could be driving the same car for almost $200 less a month!

Arrr! I understand what's happening with the states with the dollar but an alomst $10,000 drop?! Come on!!

CarNutTO

Well, they are the number one car company in the world, so they must know what they're doing! Sort of sounds like GM in the 70's....

I guess what I don't get is why they didn't continue with their incentives on the '09's (to make up for the currency price difference) and then drop the list prices when the 2010 model (hopefully redesigned) comes out......

This is also no secret - I have seen half pages ads at least three times a week in one of our daily national newspapers.

rx300mm

While the price for new ones in Canada have down by at $7000, the resale 3 yr to 4yrs don't reflect that .. they are the same as last year. I am interested in 3 yrs old RX330 and I am getting quoted $38,000 for base model (more depending on options) and new 2007 RX350 is selling at $44,000 .. so depreciation of $2000 at year, at bad. I am going to have to wait till the lexus dealers get over stocked with used ones .. ?

mandyfig

Wow, that's high. Somebody has to earn money.....

myspouses

I tried to explain to my wife that her replacement vehicle will cost less
if dollar at par remains. So, the counter arguement to this thread is that
even if you get less money selling your current RX; it is worth more on your next purchase. Anybody buying that arguement?

CarNutTO

The only issue I have with your logic is that it assumes one buys another RX or another car where the list price has been reduced by 15%. While a lot of companies have reduced the price of a lot of their cars, few have reduced prices by such a large percentage.

LexFather

If you want to throw rocks, look no further than the U.S.A and the Fed and the drop in value of our dollar.

What Toyota Canada did is right, pass the savings on the customers.