leasey

Hi! We have been looking at buying a CPO RX 350 AWD for a while and found the color we like. It was listed for 39200, and we got him down to 38,000.After telling us twice he couldn't go down from 38900 then 38500.
Do you think this is a fair price? I feel the miles are a little high for the year, doesn't have nav either. Has heated/cooled seats and BSM. This is our first lexus so im not sure how much room their is ...Any thoughts would be helpful. Thank you!!

dwlink

We bought my wife's 2010 RX in 2012 and it had around 36k miles when we bought it. The only difference with your situation is that the car your buying is 1 model year younger. Given that they both have the updated styling, I'd argue that's a moot point and that mileage is the more critical factor.

We paid just under $32k for our from an Audi dealer in NJ. He can definitely move on the price if he wants to sell the car. I don't really know much about Lexus residuals, but if you treat the car as if it were a lease having 3 years worth of mileage on it and assume a 65% residual on about a $50k car, then that thing should be priced in the low $30's.

Maybe I'm just not as in touch with Lexus pricing as I am my other favorite brand (BMW), but $38k seems high for an RX with 3 years worth of mileage.

CPO....meh. These cars don't break.

leasey

Thanks for the info. Altho it doesn't have 3 yrs worth of miles, it has 2, 24,000... I would love low 30's tho! Im researching online now. But I really don't see any listed under 38,900 so far.

dwlink

My bad - for some reason I thought one of those high 30k numbers was the mileage. Figure mid-30's is probably a bit more reasonable then - say $36k ish.

greeknasty

too high in my opinion..i got my awd 14 with 0 miles fully loaded(almost) for under 46 so payin 38 for a 13 with 24,000 would be a stretch for my personal prefrence. depends on features i guess ML system and HUD adds to price