How Much Should I Pay: 2007 Lexus RX350 (Updated)
November 14th, 2008
Question: how much should I pay for a 2007 lexus rx350 - certified, pre-owned from a Lexus dealer? About 24000 miles
Follow Up Comment: I am looking at a 2WD. My 2008 Lexus RX350 was just totaled in an accident (other driver ran a red light) and I am looking to replace with either a 2007, 2008, or 2009, same model. I want the best deal I can get. Also wondering how much the other drivers insurance company will give me for my totaled car: 2008 Lexus RX350, 13k miles, 2 WD, absolutely perfect condition. Didn’t have nor do I want the nav system. I am in Austin, TX.
Queen of the Road: Hello. Welcome to our blog.
For a 2007 Lexus RX350 2WD with 24,000 miles, wholesale prices range from $25,900 (being in above average condition) to $24,200 (being in average condition) and $22,500 (being in below average condition). A dealership will usually aim to sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $24,800 to $28,400. A private seller will usually aim to sell it for 5%-10%.
Sorry about your accident and it’s a good thing that you’re not hurt. It’s tough to say what the insurance company will give you because there are so many variables to factor in when inspecting the damage on your car.
What was the offer for the 2007? Is it from a private party or dealership? Be sure to check carfax and do plenty of research on the history of each vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Goodluck and if you come across another car you’d like prices for, just ask away.










