Considering a 2016 CPO with Navigation package that has 25K miles on it. Dealer is quoting me $34,900... Is this a good deal? I know the 2016's had some issues but we have driven the vehicle a few times and I don't hear the droning noise or notice any transmission problems. Thoughts?

 

I know this thread is about the 2020 prices but I'm assuming many of you are previous owners of an RX so looking for some advice. I'm considering a 2016 CPO, navigation package, with 25K miles on it. The dealer is quoting me $34,990...Is this a good deal? I know the 2016's had their fair share of problems but I have driven the vehicle a few times already and don't hear the droning noise and don't notice any transmission issues. Any advice on pricing or reasons to avoid the car would be very helpful!

 

is the RX an AWD? do you have a link to the car?
I've looked for a long time and finally purchased at the end of December.

From my assumption of the vechicle since it has Nav., I would ask for 33.5k and call it a deal.

 

Here is a link to the vehicle. The vehicle is from Florida and sold at an auction before coming to Dallas. I was also a little concerned about that but it seems like a lot of the pre-owned RX’s in the area are picked up at auctions. I’m assuming it’s because the demand is so high and there is not enough pre-owned available in Dallas.

https://www.sewelllexus-dallas.com/u...ZZMCA6GC030706

 

That exterior and interior color is pretty nice, my preference. I ended up with my third choice, noble brown interior.
Last year, I was in talks with Michael from Sewell and he was able to offer me the following deal on a 2016 RX450h F-sport at 38k miles:

The car was is listed 40,998 and he said he might be able to do 38,500.

I was trying to get an offer done over email before I drove 4 hrs to Dallas to buy.
Not sure if that helps you but good luck, and that's a beautiful car!
If you aren't in a hurry, there will always be more RXs available and prices will always go down.

 

I was looking at CPO RX’s back in 2018.
Tbh the resale values on these are too good that it is not worth to buy a used RX. Just spend that extra couple thousand and get a brand new one.

 

The Lexus owners site shows all the maintenance was done right on schedule being the 5,000, 10,000, 15,000, 20,000 and 25,000 miles. There was nothing showing out of the ordinary meaning previous owner stating any problems. Did state at 25,000 miles the car while in Tampa was wet sanded.

 

Or, if options are not desired, I bought a base 2019 in December for $37k, brand new. I REALLY did not want options or 20" tires. I'm old and the car is super loaded as it is.

 

Some dealers will negotiate CPO prices others will not. If there's a shortage, the law of supply and demand is against you, so be ready to look elsewhere if you don't like the price. Generally, a CPO will be priced about $1800-2500 more than a comparable non-CPO.

 

IMO, CPO is a waste of money on anything none German. You are roughly paying a $4,000 dollar premium over a none CPO. Lexus is known for its reliability and rarely need expensive repairs. To each their own - If peace of mind is what you are looking for, then go for it. My only advice is that you drive the car and make sure it's solid and does not have issues associated with TSB issued for the 16 MY - AC gurgling, squeak from rear trailing arms, trans programming, and exhaust drone.

 

I paid $32K for a 2016 RX350 AWD with navigation with 24,000 with new tires and brakes. It was not CPO and I bought from a Toyota dealership and it came with a Toyota dealership extended power train warranty. I believe that I got a decent deal... not a screaming deal but decent. It was off lease and in new condition. Had Lexus do the TSB for the transmission and it made a noticeable difference but I still find shifting to be wonky outside of Sport mode.

 

Mikeman258. What did you buy and at what price. You help all members when you share your experience. Please contribute.

 

My goal is to find a good high mileage used 2016 AWD. As long as maintenance and no accidents, these cars should last. Prices should be falling due to leases coming up, and the rest of the turmoil in the world.

Observation: Sites like cargurus prices generally do not include all the fees that used car lots charge. These fees (doc fees, title fees, etc) can range from $700-$1500 or more, so beware. I usually get zero response when I ask for the out the door price.

Question: Is it reasonable to assume I can get a good used 16 AWD RX350 with high milage for less than $24k?

Thanks in advance.

 

Also, what's the best place to find cars outside dealerships (private owners)? Ebay? Craigslist? here?

 

Mike,

I purchased a 2017 CPO RX with 5k miles on it. The RX also came to ATL via a FLA auction. A lot was made of the Carfax being clean. I purchased the RX. About 3 months later I checked Carfax again, there was damage showing, not an accident but damage. No details of how large or small. It was posted after the sell/purchase of the car. I contacted the dealership and they rechecked the car. Their inspection indicated some minor paint work on the passenger side front fender.

the RX has been great. It has 27k miles on it now. I still have the issue at resell that the generic damage will show on Carfax. Since I have had no issues I plan to keep the RX for several years so it will matter less when I go to sell/trade. I will probably trade it t the Lexus dealership I purchased it from so I will certainly remind them of the late reported damage at that time.

just a word of caution related to Carfax and CPO Lexus.