Re: Lexus purchase

Asked by Feb 21, 2014 at 03:56 PM about the Lexus RX 350

Question type: Shopping & Pricing

I am looking at a 2005 RX 330 lexus.  58K  it is not certified.
Price is 18,860 extended warranty included in that price. So the price would be 18,860
plus title, tax etc .... I would be putting 3000$ downThe car is in mint condition and it
has the premium package.  Is this a good deal? They have me at payments of 387.00
per month. This seems off to me  ????
My concerns are the car is too old? I am a single women looking for a used car at great
price. Would I be better off getting a used certified older RX350 and financing for longer
to get a newer vehicle?

8 Answers

20

Based on your numbers given and the milege and the year, I would shop for a better deal on a newer model. Mike,

2 out of 2 people think this is helpful.
61,335

That's a terrible deal!! $387.00 per month?!! You can get a brand new car for half that. Run away from that one, as fast as you can!! HTH -Jim

1 out of 1 people think this is helpful.

Any thoughts on a 2011 Lexus 45K miles, certified, 29,500. ? Is this a good deal?

payment 387 a month for 80 months, finance rate 4.09

35

The condition is the value to any car. Mint condition is worth more. The finance rate is excellent , Sound like it would be hard to beat.,Compare to new 50k car. Interest rate is good and warranty sounlds good...I would go for it. jlf .

2 out of 2 people think this is helpful.
61,335

That deal sounds much better!! -Jim

Thank you.. Ive narrowed it to the 2011 Lexus RX or a new Murano. May get a lower payment and new buy rates on the Murano. I would have to take the new car hit :(. Which do you think is a better deal and better to hold onto for the long run and resale?

61,335

Both have pros and cons. New verses used, Lexus verses Nissan. The Lexus will probably hold it's value better but the Nissan would be brand new. So in say 5 years the Nissan would probably be worth about the same as the Lexus even though the Lexus will be older. With the Nissan you get the full factory warranty where as with the Lexus you'd be getting what's left over from the original purchaser. You'll get better financing options on the Nissan because it's new and maybe some rebates or other incentives. On the Lexus you won't. Personally I'd pick new over used if given the choice. These are both good reliable vehicles. HTH. -Jim

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