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What does a lexus cost? Asking because I find it generally impossible to just lookup how much a car costs more or less, especially as someone who's never had t

What does a lexus cost? Asking because I find it generally impossible to just lookup how much a car costs more or less, especially as someone who's never had to buy a car.

gambiting 6y ago
Lexus, like any brand nowadays, makes an upwards of dozen models in all kinds of price brackets. You need to be a little bit more specific.
- twic 6y ago
  Chicken and egg, though - as someone who has never owned a car, i wouldn't know which model to look at! Is there scope for a levels.fyi for cars?
  - supercollision 6y ago
    yes, and IIUC it's already a crowded market. I haven't been car shopping in a very long time so I'm not sure what's the current state of the art, but the Kelley Blue Book (edit: mentioned in a sibling comment) is probably the original and best-known one. First published in 1926, online since 1995. https://en.wikipedia.org/wiki/Kelley_Blue_Book https://en.wikipedia.org/wiki/Kelley_Blue_Book
Brozilean 6y ago
Kelly Blue Book and Edmunds can help you estimate. Although it's heavily affected by age and model.
- daniellarusso 6y ago
  Also note, pre-owned vehicle prices in the US have greatly increased since March. The company I work for, we can provide the original window sticker for a pre-owned vehicle. This had been a desired feature for several years. Now, dealerships no longer want the customer to see that info on a pre-owned vehicles, because it has the list price of the vehicle as new. The pre-owned price is very close to the new price.
  - breakingcups 6y ago
    Do you know why those prices have increased? I naively would've expected those prices to drop due to COVID, not increase. Also, why would one still buy a pre-owned vehicle if a new vehicle is available for a very similar price?
    - daniellarusso 6y ago
      So, the current ‘joke’ is, buy a brand new vehicle, wait a month for its value to appreciate, then sell it back to the dealership. My guess on the reason for the pricing increases is several factors: At the beginning of the ‘shutdown’, it affected auto auctions, where dealers obtain a decent amount of their pre-owned inventory, besides trade-ins. Actual manufacturing shutdowns decreased new car outputs The rescue package allowed for a substantial jolt for vehicle financing, and it is not uncommon now for people to finance a car for a 6 year term. There are also 7 year terms, now. So, awash in finance money and limited supply.
Thorrez 6y ago
Here's a list of Lexus models with pictures, and starting new prices: https://www.caranddriver.com/lexus https://www.caranddriver.com/lexus

What does a lexus cost? Asking because I find it generally impossible to just lookup how much a car costs more or less, especially as someone who's never had to buy a car.

gambiting 6y ago

Lexus, like any brand nowadays, makes an upwards of dozen models in all kinds of price brackets. You need to be a little bit more specific.

twic 6y ago
Chicken and egg, though - as someone who has never owned a car, i wouldn't know which model to look at! Is there scope for a levels.fyi for cars?
- supercollision 6y ago
  yes, and IIUC it's already a crowded market. I haven't been car shopping in a very long time so I'm not sure what's the current state of the art, but the Kelley Blue Book (edit: mentioned in a sibling comment) is probably the original and best-known one. First published in 1926, online since 1995. https://en.wikipedia.org/wiki/Kelley_Blue_Book https://en.wikipedia.org/wiki/Kelley_Blue_Book

Brozilean 6y ago

Kelly Blue Book and Edmunds can help you estimate. Although it's heavily affected by age and model.

daniellarusso 6y ago
Also note, pre-owned vehicle prices in the US have greatly increased since March. The company I work for, we can provide the original window sticker for a pre-owned vehicle. This had been a desired feature for several years. Now, dealerships no longer want the customer to see that info on a pre-owned vehicles, because it has the list price of the vehicle as new. The pre-owned price is very close to the new price.
- breakingcups 6y ago
  Do you know why those prices have increased? I naively would've expected those prices to drop due to COVID, not increase. Also, why would one still buy a pre-owned vehicle if a new vehicle is available for a very similar price?
  - daniellarusso 6y ago
    So, the current ‘joke’ is, buy a brand new vehicle, wait a month for its value to appreciate, then sell it back to the dealership. My guess on the reason for the pricing increases is several factors: At the beginning of the ‘shutdown’, it affected auto auctions, where dealers obtain a decent amount of their pre-owned inventory, besides trade-ins. Actual manufacturing shutdowns decreased new car outputs The rescue package allowed for a substantial jolt for vehicle financing, and it is not uncommon now for people to finance a car for a 6 year term. There are also 7 year terms, now. So, awash in finance money and limited supply.

Thorrez 6y ago

Here's a list of Lexus models with pictures, and starting new prices: https://www.caranddriver.com/lexus https://www.caranddriver.com/lexus