How much have GXs increased in price?

[NCTroutHunter]

I test drove a 2019 GX premium today with 31K miles. Perfect dealer service history. Mint condition. Dealer is asking $43.5K.

I’m wondering what similar vehicles were selling for one or two years ago. Just trying to get an idea of how much inflation has affected their pricing and if I should wait it out for pricing to come back down to earth.

Any feedback would be much appreciated.

 

[McDuff123]

That kinda seems reasonable.
I’m in the 470 world though so I’m certainly not up on current 460 values.

 

[NCTroutHunter]

I agree that the price seems decent in this market. I’m curious how it roughly compares to say a similar GX 1 or 2 years ago. For example, did a 2018 a year ago cost about the same?

 

[jiggletits]

1 or 2 years ago that SUV was close to $60k new. Just buy what you want. Prices currently aren't as stupid high as they were a year ago. $41k isn't bad. Think of it this way; A year ago, a 2018 30-40k mile 4runner would still sell for very close to MSRP on a new 2021 model. That Lexus isn't even close to MSRP, is the same price and is way nicer than a 4Runner.

 

[NCTroutHunter]

Good feedback. That’s pretty much how I’m viewing it, as well. I wasn’t looking for a GX 1 year ago so I’m just looking for some context.

 

[GXO]

I have a 21 460 I am selling back to the dealer for $63k as I found my Nori Blackline 22. The packages matter too. Luxury still draws bigger dollars than premium and base. The price on 460s drops off around 2014. 2010-2013 can be found cheaper, then 14-17 are mid, and 18-21 are up there. It's a pretty normal depreciation schedule across time, but the overall values have held pretty solid on 460s and only bumped a bit during covid. 470s went for a WAY wilder ride. They are very expensive now compared to then.

 

[NCTroutHunter]

I have a 21 460 I am selling back to the dealer for $63k as I found my Nori Blackline 22. The packages matter too. Luxury still draws bigger dollars than premium and base. The price on 460s drops off around 2014. 2010-2013 can be found cheaper, then 14-17 are mid, and 18-21 are up there. It's a pretty normal depreciation schedule across time, but the overall values have held pretty solid on 460s and only bumped a bit during covid. 470s went for a WAY wilder ride. They are very expensive now compared to then.

Great intel. Thanks!

 

[Banandalorian]

It's not just inflation, there's also a bubble for vehicle prices because of supply. Given the circumstances that's not a bad price for a 2019 with low miles.

In 2020, I was shopping GX's with less than 40k miles and the 2017s (3 years old at the time) were mostly in the $35-39,000 range. Last month my local Lexus dealer offered me $40k for my 2017 which now has 58k miles and a bunch of mods.

 

[NCTroutHunter]

It's not just inflation, there's also a bubble for vehicle prices because of supply. Given the circumstances that's not a bad price for a 2019 with low miles.

In 2020, I was shopping GX's with less than 40k miles and the 2017s (3 years old at the time) were mostly in the $35-39,000 range. Last month my local Lexus dealer offered me $40k for my 2017 which now has 58k miles and a bunch of mods.

I appreciate the additional feedback with solid numbers to back it up. I should have also mentioned that the 2019 GX I was looking at was dealer-serviced in FL every 5K miles and spotless inside and outside, including underneath - even more reason it seems that this is a decent deal.

 

[Banandalorian]

I appreciate the additional feedback with solid numbers to back it up. I should have also mentioned that the 2019 GX I was looking at was dealer-serviced in FL every 5K miles and spotless inside and outside, including underneath - even more reason it seems that this is a decent deal.

It is probably a lease return. The 3 year old lease return is kind of the sweet spot for age/mileage/price because there are a lot of them, and you can be reasonable certain they're dealer maintained and not modified.