I got the call last week that a demo GX 550 arrived at my local dealer and it was available for a test drive. After months of anticipation I was excited to get behind the wheel on Friday. I have an incognito overtrail due to arrive any day. This GX would replace my wife's current GX (2022 premium) and I thought it would be a great upgrade. Turns out, we both still favor the 460 over the new 550 for several reasons...
I'll admit the primary reason was price. When we got on the allocation list almost a year ago we had no idea what features would be on individual packages. In order to get the features my wife wanted we were looking at an 80K+ build at substantially higher interest rates. We purchased her 2022 in November of 2021 and had no choice but to pay MSRP 63K (Covid shortages) but got it @ 2% interest. We put 20K down and had a reasonable payment all things considered. Fast forward to today's market and our 2022 has lost 20K in equity in 2 years (something that's never happened in 25 years of buying Lexus/Toyota) plus we are looking at much higher rates of 5-7%. The cost of the vehicle with similar features is now 20K more. I put pencil to paper and quickly realized there was no way I could make a reasonable deal work out. Granted, everyone's financial situation is different, but it just seemed like a stupid purchase for me.
Now for all the negative subjective items:
1- Side mirrors were terrible. The FJ style mirrors are almost useless.
2 - Interior seemed much smaller. The center console is wider, but I felt much more confined in the 550 compared to the 460.
3 - Fit and Finish Felt like a 4runner not a Lexus with lots of mat black plastic and vegan leather. This doesn't feel luxury at all. While I didn't mind it, my wife sure noticed it.
4 - This is nit picking, but the hood sheet metal is so thin it flops around as you drive. I found it distracting and didn't feel like solid Lexus/Toyota feel I've come to expect.
5 - Tech is cumbersome. Dumb things like change seat heat/vent were not obvious without some fiddling and the QI charger was in an awkward spot. Overall, tech was prob a net positive (see below)
Positives items:
1- The TTV6 has great power. The turbos really seem to bring it alive.
2 - The tailgate is SO much better, although we all wish it was a split-gate.
3 - The tech is much better: Usb-c and much needed update to the brand.
4 - Rear Lockers!
5 - It looks great
I'm curious if I'm the only one walking away from the new 250 model. I know I was the second person that day to walk away from an allocation order so if anyone is looking, you might want to call Lexus of Tulsa and see if you can jump on either the Black LUX+ or the Incog Overtrail that are now available. I suspect they will go the next person on a long list.
I'll admit the primary reason was price. When we got on the allocation list almost a year ago we had no idea what features would be on individual packages. In order to get the features my wife wanted we were looking at an 80K+ build at substantially higher interest rates. We purchased her 2022 in November of 2021 and had no choice but to pay MSRP 63K (Covid shortages) but got it @ 2% interest. We put 20K down and had a reasonable payment all things considered. Fast forward to today's market and our 2022 has lost 20K in equity in 2 years (something that's never happened in 25 years of buying Lexus/Toyota) plus we are looking at much higher rates of 5-7%. The cost of the vehicle with similar features is now 20K more. I put pencil to paper and quickly realized there was no way I could make a reasonable deal work out. Granted, everyone's financial situation is different, but it just seemed like a stupid purchase for me.
Now for all the negative subjective items:
1- Side mirrors were terrible. The FJ style mirrors are almost useless.
2 - Interior seemed much smaller. The center console is wider, but I felt much more confined in the 550 compared to the 460.
3 - Fit and Finish Felt like a 4runner not a Lexus with lots of mat black plastic and vegan leather. This doesn't feel luxury at all. While I didn't mind it, my wife sure noticed it.
4 - This is nit picking, but the hood sheet metal is so thin it flops around as you drive. I found it distracting and didn't feel like solid Lexus/Toyota feel I've come to expect.
5 - Tech is cumbersome. Dumb things like change seat heat/vent were not obvious without some fiddling and the QI charger was in an awkward spot. Overall, tech was prob a net positive (see below)
Positives items:
1- The TTV6 has great power. The turbos really seem to bring it alive.
2 - The tailgate is SO much better, although we all wish it was a split-gate.
3 - The tech is much better: Usb-c and much needed update to the brand.
4 - Rear Lockers!
5 - It looks great
I'm curious if I'm the only one walking away from the new 250 model. I know I was the second person that day to walk away from an allocation order so if anyone is looking, you might want to call Lexus of Tulsa and see if you can jump on either the Black LUX+ or the Incog Overtrail that are now available. I suspect they will go the next person on a long list.
Last edited: