Thanks Toyota Canada for screwing up resale values!
#1
Driver
Thread Starter
Thanks Toyota Canada for screwing up resale values!
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 $9,000 LESS than what my car listed for.
Part of the reason I bought another Lexus when it came time to sell my RX300 was the great resale value.
Guess the joke is on me for buying the car instead of leasing it, and making the resale value their problem!
Part of the reason I bought another Lexus when it came time to sell my RX300 was the great resale value.
Guess the joke is on me for buying the car instead of leasing it, and making the resale value their problem!
#2
Super Moderator
When a made-in-Canada car was selling for much less in the U.S. because of the week US$, I think they are forced to decrease the price up here if they want to keep moving cars . . .
#3
Driver
Thread Starter
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.
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.
#4
Moderator
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
Things like this happen.
Salim
#5
Salim, what happened on the GS 1st and 2nd Gen pricing?
Trending Topics
#8
Moderator
I think keeping the price high to make prior customers feel happy is the wrong thing to do.
Salim
Salim
#9
Driver School Candidate
Join Date: Feb 2008
Location: Ontario, Canada
Posts: 11
Likes: 0
Received 0 Likes
on
0 Posts
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!
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!
Arrr! I understand what's happening with the states with the dollar but an alomst $10,000 drop?! Come on!!
#10
Driver
Thread Starter
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.
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.
#11
Intermediate
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 .. ?
#12
Wow, that's high. Somebody has to earn money.....
#13
Driver School Candidate
Join Date: Feb 2007
Location: ON
Posts: 44
Likes: 0
Received 0 Likes
on
0 Posts
the higher buying power in Canada.
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?
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?
#14
Driver
Thread Starter
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?
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?
#15
Guest
Posts: n/a
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!
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!
What Toyota Canada did is right, pass the savings on the customers.