2021 RX prices
Lead Lap
Joined: Mar 2015
Posts: 4,611
Likes: 372
From: In your head
Just curious but how did you determine this? I assume you got some quotes from a couple dealers in and out of state right?
Driver
Joined: Sep 2002
Posts: 139
Likes: 11
From: Michigan
I agree. I just saw JM Lexus is a plus dealer now. They used to have the best prices. Now they are not great.
Driver
Joined: Sep 2002
Posts: 139
Likes: 11
From: Michigan
Good deal though! Did you ship it back to Texas or fly and drive it back?
Instructor
Joined: Oct 2013
Posts: 908
Likes: 59
From: Lincon, CA
2021 RX 350 AWD Premium package, 12.3 Nav pkg, lots of extras.
This is exactly the car we wanted.
MSRP 57K
Discount. 4K
Selling price. 53K
Tow hitch 2K
(deal fell thru on prior offer)
Gov't Fees 0.7K
Doc Fees 0.1K
Subtotal 55.8K
Sales Tax 4K
Rebates 2.5K
Another discount. 0.3K
Out the Door. 57.9K
This is exactly the car we wanted.
MSRP 57K
Discount. 4K
Selling price. 53K
Tow hitch 2K
(deal fell thru on prior offer)
Gov't Fees 0.7K
Doc Fees 0.1K
Subtotal 55.8K
Sales Tax 4K
Rebates 2.5K
Another discount. 0.3K
Out the Door. 57.9K
Driver
Joined: Oct 2020
Posts: 93
Likes: 30
From: OH
Pay 20-30% down, and invest the rest in stocks or a rental property. For example, if you invested $30K in Microsoft stock in 2017, its value would be $80k now. That same 30K invested in the car would be worth 20K because a used car devalues over time. A decision that cost you $60K, which is the price of a new RX.
A car is a depreciating asset. Typically Lexus holds value well, but almost 5K depreciation each year. That's why I always buy lease-end cause new models take more than 5K/year depreciation.
Last edited by Lexus4rx; Nov 15, 2020 at 07:35 AM.
Instructor
Joined: Oct 2013
Posts: 908
Likes: 59
From: Lincon, CA
Exactly. You never ever pay cash for a car even if you can afford it. Even if interest is 8%+.
Pay 20-30% down, and invest the rest in stocks or a rental property. For example, if you invested $30K in Microsoft stock in 2017, its value would be $80k now. That same 30K invested in the car would be worth 20K because a used car devalues over time. A decision that cost you $60K, which is the price of a new RX.
A car is a depreciating asset. Typically Lexus holds value well, but almost 5K depreciation each year. That's why I always buy lease-end cause new models take more than 5K/year depreciation.
Pay 20-30% down, and invest the rest in stocks or a rental property. For example, if you invested $30K in Microsoft stock in 2017, its value would be $80k now. That same 30K invested in the car would be worth 20K because a used car devalues over time. A decision that cost you $60K, which is the price of a new RX.
A car is a depreciating asset. Typically Lexus holds value well, but almost 5K depreciation each year. That's why I always buy lease-end cause new models take more than 5K/year depreciation.
Driver School Candidate
Joined: Jun 2016
Posts: 27
Likes: 2
From: TEXAS
Park Place Lexus Plano. There was no shipping as they are my local dealer.
Advanced
Joined: Feb 2020
Posts: 747
Likes: 459
From: WV
Exactly. You never ever pay cash for a car even if you can afford it. Even if interest is 8%+.
Pay 20-30% down, and invest the rest in stocks or a rental property. For example, if you invested $30K in Microsoft stock in 2017, its value would be $80k now. That same 30K invested in the car would be worth 20K because a used car devalues over time. A decision that cost you $60K, which is the price of a new RX.
A car is a depreciating asset. Typically Lexus holds value well, but almost 5K depreciation each year. That's why I always buy lease-end cause new models take more than 5K/year depreciation.
Pay 20-30% down, and invest the rest in stocks or a rental property. For example, if you invested $30K in Microsoft stock in 2017, its value would be $80k now. That same 30K invested in the car would be worth 20K because a used car devalues over time. A decision that cost you $60K, which is the price of a new RX.
A car is a depreciating asset. Typically Lexus holds value well, but almost 5K depreciation each year. That's why I always buy lease-end cause new models take more than 5K/year depreciation.
(Confession: as noted in my signature, I drive a 2020 RX purchased new, with cash. It was a retirement gift to myself. Having driven company cars for 37 years, it is only the second car I've bought for myself in my life. The 1979 Honda Accord was purchased used, with a loan. Experience has taught me a lot in the intervening years...
)This is a good topic. So as not to hijack the pricing thread, though, I'll put my complete comments in a Car Chat thread.
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Driver
Joined: Sep 2002
Posts: 139
Likes: 11
From: Michigan
Rookie
Joined: Aug 2020
Posts: 47
Likes: 16
From: CO
What is the best place to find out the invoice cost of all options and accessories? I've been using costcoauto.com and they have the invoice prices for most of the car but they don't have it for the accessories such as floor mats, etc.
Thanks.
Thanks.
Driver
Joined: Sep 2002
Posts: 139
Likes: 11
From: Michigan
I have a couple offers for 12% off MSRP then the incentive on top of that from Atlanta dealers.
Rookie
Joined: Aug 2020
Posts: 47
Likes: 16
From: CO
Special Ordering
I've put together the list of packages and options I want on a '21 Rx 450hL. I'm finding a particular combination of options impossible to find around the US in dealer inventory. I want the Mark Levinson audio/navigation and the Color Heads Up Display but I want the Nulux seats instead of the real leather seats to avoid the upkeep that may be necessary with leather. What I've found is that you have to get the Luxury package which has the leather seats in order to get Mark Levinson and Color Heads Up Display. So I think I'm looking at a special order. However, I'm getting mixed messages from dealers on whether I can even special order this combination of options. Has anyone special ordered this combination? If so, which model year?
Also, for those of you that have special ordered, how did the special order process work for you? Was your purchase price set when you ordered or received it? Were you able to negotiate a discount from MSRP?
Thanks.
Also, for those of you that have special ordered, how did the special order process work for you? Was your purchase price set when you ordered or received it? Were you able to negotiate a discount from MSRP?
Thanks.
Racer
Joined: Aug 2012
Posts: 1,799
Likes: 228
From: GA
DigitaMan. The Luxury package has semi-aniline leather. Below is from https://www.signatureleather.com/blo...ral%20markings.
Semi-aniline leather is produced through a very similar process to full-aniline, but has a thin protective top coat added to protect it from wear and staining. Like anilineleather, it is often manufactured from better-quality hides with fewer natural markings.
After driving my 2013 for 7 years they were almost like new. I used a leather cleaner only 3 or 4 times. I had the parchment interior.
Semi-aniline leather is produced through a very similar process to full-aniline, but has a thin protective top coat added to protect it from wear and staining. Like anilineleather, it is often manufactured from better-quality hides with fewer natural markings.
After driving my 2013 for 7 years they were almost like new. I used a leather cleaner only 3 or 4 times. I had the parchment interior.
Racer
Joined: Nov 2017
Posts: 1,586
Likes: 279
From: Ohio
The rule of thumb that I use is that the monthly lease payment (including whatever was put down divided by the number of months in the lease) should not exceed 1% of the price of the vehicle. That said, get a quote from at least one other Lexus store.