Gauging interest in a used OT+

[JustinB]

I’m curious how much “market adjustment” people are paying on their GX550s. I purchased a white OT+ with additional 4 year bumper-to-bumper a couple of weeks ago and I’m in a little over my head financially. I’ve been looking online for comps to see what a barely used one goes for to see if how much of a haircut I’ll take on mine. Selling it somewhere close to MSRP would be ideal. I figure wait times and market adjustment might help me get the most for it.

 

[S SUBERI]

A couple of weeks ago they were going for well over MSRP on the used market. I'm sure you will find a buyer. Good luck

 

[ilumo]

A couple of weeks ago they were going for well over MSRP on the used market. I'm sure you will find a buyer. Good luck

Where did you see that they were going for over msrp? In my neck of the woods it seems like most dealers are selling for Msrp.

 

[S SUBERI]

Someone posted on this forum asking prices for used GX 550's and some were 15 to 20K over asking price. I went back through all the posts and cannot find that post. Sorry, but you shouldn't have any problems selling.

 

[sschreib]

Yes, they are selling used for well over MSRP.

https://www.cars.com/shopping/results/?dealer_id=&include_shippable=true&keyword=&list_price_max=&list_price_min=&makes[]=lexus&maximum_distance=all&mileage_max=&models[]=lexus-gx_550&monthly_payment=&page_size=20&sort=best_match_desc&stock_type=used&trims[]=lexus-gx_550-overtrail&trims[]=lexus-gx_550-overtrail_plus&year_max=&year_min=&zip=75219

 

[Bluegill]

sell it on the west coast, you'll get over MSRP

 

[MJE]

I finally found a Facebook marketplace ad for one here just the other day & it’s gone now. But I was absolutely shocked! 1,500kms or so. $135K! Listed as an OT, which is a $95K car new. Even if it was actually an OT+, that’s still a $105K car new here. Depending on where you’re at they may still be in such short supply that you may have no issues selling. Good luck!

 

[Bluegill]

$95k to $105k???

My OT was $67k, plus all the bullshit brought it up to $77k out the door.

 

[Bluegill]

Oh, sorry, my bad...I see you are located in the great white north!

 

[SEVC OT+]

There’s definitely people trying to sell well beyond MSRP, so hopefully you can find one of these dealers to give you a good price, who knows, you may even make money!

https://www.mallofgamazda.com/inventory/used-2024-lexus-gx-gx-550-overtrail-4wd-suv-jtjtbcdx3r5007991/

 

[MJE]

Oh, sorry, my bad...I see you are located in the great white north!

Yup! Sorry I should’ve said that was CDN$. Priced in Monopoly money makes a surprising range of cars cost six figures. A $50K car here nowadays is a cheap new one.