RX - 1st Gen (1999-2003) Discussion topics related to the 1999 -2003 RX300 models

Would you pay $4,900 for a 1999 RX 300?

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Old 12-11-10, 10:17 AM
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Poolboy
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Default Would you pay $4,900 for a 1999 RX 300?

I can buy a RX 300 for $4,900 but it has 163,000 miles. Is this too high of mileage? Would you get it if it appeared in decent condition?
Old 12-11-10, 12:19 PM
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defo
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Originally Posted by Poolboy
I can buy a RX 300 for $4,900 but it has 163,000 miles. Is this too high of mileage? Would you get it if it appeared in decent condition?
That mileage is on par with a vehicle that is 11 years old.....if you can, have the drivetrain inspected by a toyota/lexus mechanic prior to purchasing
Old 12-11-10, 12:45 PM
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Poolboy
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I know the transmission has been rebuilt on it.
Old 12-11-10, 12:56 PM
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Thats below the bluebook value for a car with that miles and of that year.. i think the bluebook is around $6,000... i know at the auto auctions they routinely end up around $5,500 canadian with a similar milage....


I just bought a 99 with 200,000km.. which im not sure the mi equal... and i paid $5700... it did have some aftermarket extras... like headrest lcds and 10 disc dvd... and was the premium rx.... for a comparision... this was considered by the dealership well below wholesale cost on mine... on the lot here in canada they run from $7,500-$10,000 depending... black ones sell for more then other colors.


Cheers
Old 12-11-10, 01:00 PM
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Poolboy
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I was also hoping it would have good re-sale value if I choose to resell it at some point.
Would you buy this car assuming it is in decent shape?
Old 12-11-10, 02:11 PM
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RX300TC
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Originally Posted by Poolboy
I was also hoping it would have good re-sale value if I choose to resell it at some point.
Would you buy this car assuming it is in decent shape?
Did you try looking upthe BlueBook value yourself??

www.kbb.com
Old 12-11-10, 03:15 PM
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Go sign up for Lexus driver on the Lexus site and you'll be able to pull every service record the car has from a dealer anywhere in the US. If it's got good records and survives a mechanical check your probably good to go.

The price range you are at is about as low as a nice RX is going for these days. On older cars, it's always condition!
Old 12-13-10, 01:19 PM
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$4900 for RX300 in good shape (no accidents, re-built transmission) is a good deal.
Old 12-13-10, 05:12 PM
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Buy it! It's already had the transmission rebuilt, so you have nothing to worry about. Just do normal maintenance and it'll be just like any other Toyota, reliable!
Old 12-14-10, 02:40 PM
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I'd ask for documentation of the transmission 'rebuild' first. Was it a rebuilt from Toyota/Lexus, or was it done by some local tranny shop. Beware of the latter.
Old 12-14-10, 03:31 PM
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Originally Posted by Carver
The price range you are at is about as low as a nice RX is going for these days. On older cars, it's always condition!
If the car is in good condition (most RX300s are) then this is a great value. As Carver says, with an older car, it's all about the condition of the car when you see it.

With the RX300 you have 2 other issues to consider:

1. Sludge: You can check for this yourself by removing the valve cover. Not usually an issue if the oil has been changed regularly (check the service records).

2. Transmission: Check When the the transmission was replaced and by whom. Unfortunately, with the RX300, the failures are unpredictable and catastrophic. There are quite a few reports of failure of the replacement trasmissions on this forum.

Having said that, you have a ~90% chance that these issues will NOT be problem with the car you are looking at.

"Do you feel lucky"?

Old 12-15-10, 10:05 AM
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01LEXPL
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Originally Posted by Poolboy
I was also hoping it would have good re-sale value if I choose to resell it at some point.
Would you buy this car assuming it is in decent shape?
YEAH! <5K for an RX300 is great value and makes for a fun and comfy winter beater.
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