RX - 3rd Gen (2010-2015) Discussion topics related to the 2010 - 2015 RX350 and RX450H models

Why is the price so high in Houston, TX

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Old 06-07-13, 10:17 AM
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hadokenuh
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Default Why is the price so high in Houston, TX

Hello all,

I am hoping to pick up a RX350 soon. I've been looking at some used 2011/2012 RX350s in the area and find the asking prices are outrageous. For example, this CPO 2012 with the color combo I want is listed for 43,900$:

http://www.autotrader.com/cars-for-s...Index=10&Log=0

I know a new 2013 RX350 similarly or better equipped is going for about 47K MSRP, which can be bought at about 43K (10% off MSRP). So what are these guys doing that I am not seeing? Price the used ones 7-8K more that what I think fair prices.
Old 06-07-13, 11:11 AM
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Marqevans
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Originally Posted by hadokenuh
Hello all,

I am hoping to pick up a RX350 soon. I've been looking at some used 2011/2012 RX350s in the area and find the asking prices are outrageous. For example, this CPO 2012 with the color combo I want is listed for 43,900$:

http://www.autotrader.com/cars-for-s...Index=10&Log=0

I know a new 2013 RX350 similarly or better equipped is going for about 47K MSRP, which can be bought at about 43K (10% off MSRP). So what are these guys doing that I am not seeing? Price the used ones 7-8K more that what I think fair prices.

The high reasle value of these cars has always made them great cars to lease.
Old 06-10-13, 09:16 AM
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Sevn86
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Originally Posted by hadokenuh
Hello all,

I am hoping to pick up a RX350 soon. I've been looking at some used 2011/2012 RX350s in the area and find the asking prices are outrageous. For example, this CPO 2012 with the color combo I want is listed for 43,900$:

http://www.autotrader.com/cars-for-s...Index=10&Log=0

I know a new 2013 RX350 similarly or better equipped is going for about 47K MSRP, which can be bought at about 43K (10% off MSRP). So what are these guys doing that I am not seeing? Price the used ones 7-8K more that what I think fair prices.
Go to Texas Direct Auto and save yourself some time and money. I shopped around for weeks driving from Lexus dealer to Lexus dealer even staying there till 11 at night trying to negotiate before i finally gave in and went to Texas Direct Auto. Lexus dealers will try to talk you out of it but dont listen to them. The price listed at TDA is not the final price. I noticed at time they are able to drop it about $1,100 dollars under their "fixed" price. I got there and about 45 mins later I put $500 down and was out of there. they told me to come pick it up on monday as it was closing time on saturday. It was given a complete detail and it looked so much better then most of the ones i test drove at the Lexus dealerships (CPO). Once I got there i looked over my new car and was taken right to the finance department which from start to finish took only 15 mins. I will actually go back to them for my next car also. Some people havent had great experiences at TDA but i have and would recommend it to anyone. Make sure to check over the car you want to buy and when you put $500 down and decide not to buy you dont get it back, but it can be applied to any other car on the lot if u change your mind from what my salesman had told me. Good Luck with the car search and if your really concerned about warranty then buy an extended warranty after you buy cuz you will have saved a boat load anyways by not shopping at a Houston area Lexus dealer. (By the way my car still had factory remaining warranty)

Last edited by Sevn86; 06-10-13 at 09:20 AM.
Old 06-10-13, 02:03 PM
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benzo555
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Seems like almost every car from Texas Direct Auto I looked at; the previous owners did not give a crap about the car. Tons of scratches on the exteriors and interiors. Even the salesman admitted to me that they Photoshop the pictures on "how the car could look like"

Don't get me wrong I sold them my previous car but not likely to buy from them.
Old 06-10-13, 03:54 PM
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hadokenuh
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@MARQEVANS: I agree the RX has high resale value. No doubt. But the asking price is just ridiculous. The same car is priced about 35K in the state of Florida.

@Sevn86: Thanks for the suggestion. I've not bought any car from TDA but have been there a couple of times with my friends. They have a huge selection but I kind of agree with @benzo555 in a sense that most of their cars are not well cleaned and presented. It gives me me a feeling of buying "knocked up" cars.

I actually don't care much about the CPO warranty. In fact, a CPO 2012 Lexus sounds very stupid because it only covers 3 years (albeit 100K miles) when the original warranty should be good for about 3 years. I much prefer the CPO coverage of BMW and Infiniti over Lexus. Do you think it's reasonable to ask them to sell a CPO car without CPO coverage at a discounted price?

One other thing I notice about the RX from our test drive was that it had somewhat stiff/rough/bumpy ride on less than perfect roads on those 19"s. The salesman was telling us they don't come with 18"s anymore, at least in Houston area. The old RX300 we used to have rode much smoother and softer.

I'll start looking at out of state Lexus dealerships and other brands like the RDX, EX/FX37, etc.

Last edited by hadokenuh; 06-10-13 at 04:55 PM.
Old 06-10-13, 04:27 PM
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Originally Posted by benzo555
Seems like almost every car from Texas Direct Auto I looked at; the previous owners did not give a crap about the car. Tons of scratches on the exteriors and interiors. Even the salesman admitted to me that they Photoshop the pictures on "how the car could look like"

Don't get me wrong I sold them my previous car but not likely to buy from them.
I do agree not all their cars are clean and scratch free. I found mine with plastic still on the door sills and in excellent condition. I did have the salesman pull two others up and one had a huge paint chip on the door with rust. I also pulled up the service history on mine at Lexus Drivers using the VIN and it showed it was serviced at Lexus of Santa Monica and on time. Every recommended service in the manual was completed. So the owner did take care of the RX I bought. Like i said before make sure to check over the car before buying. I went on a 45 min test with it and it checked out on all the things I was looking for.

Also to answer your other question yes you can get a CPO without the warranty and they knock off only $1,000 from the price. In my struggle at the Lexus dealerships i tried that too.
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