2020 Lexus RX350 Good Deal?

Ask the Hackrs
,
1

Is this a good deal?

Dupage Country Illinois
MSRP: 56245
Selling Price (Before incentives): 52745
6.2% off MSRP

36 months
7.5k miles a year
Base MF (edmunds verified) .0001
Residual 57% (edmunds verified)

$0 MSD
$0 Money Down

$1000 loyalty
$1250 lease cash

Acquisition fee
795

Dealer fee
85

Govt
400

sales tax
7%

Drive off: $1,229
Monthly payment pre tax: $543
Monthly payment incl tax: $580

Leasehackr score 8.4

leasehackr.com/calculator?make=Lexus&miles=7500&msd=0&msrp=56245&sales_price=52745&months=36&mf=.000100&dp=0&dealer_fee=85&acq_fee=795&taxed_inc=2250&untaxed_inc=0&rebate=0&resP=57&reg_fee=400&sales_tax=7&demo_mileage=0&memo=&monthlyTax_radio=true

3

Why do you think this would be a poor deal?

There are examples and data points for RX deals on the forums. Have you compared this to those?

4

I don’t know if its a good deal or poor deal. That’s why I’m asking the community. Not a lot of historical credible data for Lexus RX 350. ESP during COVID.

5

There’s plenty of data on RX models, including broker posts. It doesn’t all have to be from the past month if you’re comparing pre-incentive discounts.

6

OK thanks for your input

7

Keep in mind that we don’t have some Rolodex of what a good price is on a vehicle. All we can do is look back through the same data to make a judgement.

8

Broker Threads:

Member Posts:

There may be other posts, but that’s what I found after five minutes of using the Search function.

Good luck on your search.

1 Like
9

I would agree with StingerTT, this price is reasonable for 10k miles. I got my RX 350 about 3 years ago MSRP 61k at 640/month including taxes, 0$ driveoff and 10k miles/year. I didnt have any loyalty cash and lease cash. With that said at 7.5k miles and the market being so bad I would negotiate the sales price down to perhaps 51245 (8.9%) which is pretty reasonable for a Lexus

10

We’ve been seeing RX 350 F Sports (53k to 56k MSRPs) go between 9% to 13% depending on the region. I think OP can do far better.

11

I’m still getting around 8-9% off RX 350’s before incentives, but inventory is drying up. Every region is different.

Just talked to a dealer this morning and they stopped doing broker deals all together bc they feel demand is strong enough to warrant it.