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That's exactly why I firmly believe the RX400h should have used the I4 and thereby given us RX330 performance level with the HL I4 fuel economy.
An RX230h would have fitted me just fine.
The lifetime fuel savings can in no way justify, offset, the purchase cost as compared to much lower priced comparable non-hybrid vehicles.
Just what, other than the hybrid aspect, does the Prius have to offer over the many otherwise comparable vehicles out there in the marketplace?
It makes a statement to everyone that I care about the environment.
So, was I voting with my pocketbook?
You bet!
Yes, firmly YES!
Actually, it depends on the deal you get. My deal (I bought a used 2004 HCH manual for $19,324) will pay for itself in fuel savings in less than 4 years over the cost of an EX which was on the lot that night.
There was also a new 2005 HCH for sale in Phoenix last week for around $18,500. At that price, it pays for itself in less than 4 years over the cost of a comparably equipped 2005 Civic EX.
For the Lexus rx400h, if you are paying $5-$8K over the cost of a comparable rx330, then yes, you might not see savings until 200K miles or later.....
* 3:1 in City:Hwy
* puts up 200K miles (mainly in a limo taxi).
especially if Premium Gas costs $2.3 based on todays $ 56/barrel.
Nah...Americans aren't really that stupid.
Some luxury cab companies can use RX400h in the place of Lincoln / Cadillac sedans. After all RX400h has more cargo capacity than those sedans while offering a very smooth ride and also costs the same as those.
Even if the Sedans come with HUGE discounts, the mileage gap will help RX400h make the difference.
Using the LX to make a case for future RX depreciation makes not one bit of sense. Apples and Kumkuats!
The LX was just joined in the lineup by a similar-sized, better-looking, lighter, cheaper vehicle (GX), that performs many of the same functions, ergo the steep (for Lexus) depreciation. AND the LX has been out since the turn of the millenium! The LX depreciation means close to nothing, except that if that's what he wants to use as a Lexus losing it's value, it speaks to the value and demand of the Lexus line as a whole that it holds it's value that well with a market stacked against it, including it's own SUV line!
If the frenzy for the Prius is any indication (seems like a great one), demand for the RX (already market-busting at 100k sales a year) might DOUBLE with a faster, more efficient and fully-loaded model joining the line.
If anything, it will be hard work getting anyone to SELL OR TRADE their Hybrid RX, unless they get near purchase price for it!!
Getting less than $40k for Lexus RX hybrid within this decade, with less than 50k miles, will be quite an accomplishment!
DrFill
I'm sticking with my opinion.
troy
As an example, to upgrade from a 232hp V-6 Mercedes ML350 to a 288hp V-8 ML500, the cost is $8,450 (MSRP $38,670 vs. $47,120). For that price premium, you get better performance, more features, and WORSE mileage!
The 400h gives you the same increase in features and performance but gets TWICE the mpg of the ML500.
I did not back out the differing options between the two, but my gut is you pay several grand for the performance improvement alone.
That makes the apples to apples hybrid premium more like $3,000, not $6,000.
Dylan
At least not in the sense of how fast we can acclerate from 0-60.
Except in the sense of better fuel economy.
It seems that the fact that you even consider the 400h to be viable demonstrates that you will sacrifice fuel economy for something (space? luxury? 4WD?) if not for performance, otherwise you would buy a Prius.
Anyway, the 400h should not be compared apples to oranges on a price basis just because some don't necessarily want the extra performance. I don't want the Mark Levenson audio or the rear DVD, but I dont expect the car to pay for those unwanted options, in addition to the hybrid system, in fuel savings. Fuel economy is relative, a 30 mpg scooter is bad, but a 30 mpg delivery truck is great. They are not held to the same standard.
Feature. Economy. Power.
Whatever you want, this vehicle has it.
Some people won't get onboard with the Prius because it just produces economy, but this model is weak in handling, power, and drivabilitiy.
The RX has eliminated these perceived weaknesses.
Considering the increased performance AND economy, the price increase over a truly loaded RX is insignificant. The value of it is unprecedented! You are NOT supposed to get both power and economy. Plus a tighter suspension pkg to boot!
Lexus is the first to say you can have it all.
For less than $50K, with cargo capacity of an SUV, and the ride of a Lexus, there is not weakness.
You truly get what you pay for.
DrFill
Those with pocketbooks deep enough to justify a $50k purchase are generally smart enough to recogize a pig in a poke when one comes along.
None of us will know the answer for another 12 months of so.
Please respond to jfallon@edmunds.com with your daytime contact information and vehicle year, make and model no later than Monday, March 21, 2005.
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is what you say. How do you come to this conclusion? How many hybrids are currently on the market? Can you really point to any relevant data/study that says "hybrid buyers are only interested in high gas mileage and care ZERO about performance"?
At this point, What Toyota is doing, is a huge risk. It could pay off big time for them, which is what alot of industry experts think, or it could flop with performance oriented hybrids like the RX400h and upcoming GS450h. Who knows? Certainly not you or I.
That is true. We do know the Honda Accord Hybrid is less than a raving sales success. They have not been on the market 4 months and they are already selling at invoice in many markets. I think that most of the people that would be interested in hybrids want high MPG & PZEV, not fast 0-60 times.
I most certainly would NOT!
Prius GT will also have a market.
The way to save the planet is to have everyone drive hybrids at all performance levels, not just at the ultra high efficiency end.
Lexus is easily going to sell out first year production with dealers getting >= MSRP on the vehicle.
There is no risk here. This product is a slam dunk -- one of the most pre-ordered automobiles in history.
The planet will be here long after humans are gone... it is just a question of how soon humans may be gone. Or has someone spotted the "killer asteroid"?
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I am quite keen to learn how early customers are notified of their car's arrival at the dealership.
I really envy you with your early launch. The launch in the U.K. is in June, so I would be interested to learn how long one would have to wait for details prior to the launch date.
I paid my deposit in the Autumn 2004.
This board is very inspiring, and I find many of your comments extremely interesting (apart from the occational arguing by people who do not seem interested in the RX400h - and only 'knocking it').
Cheers from sunny London town
Carsten
First, the Prius was a completely new Toyota model and so none of us, basically, had any preconceived ideas or notions about the performance level issue vs fuel economy.
The RX series, on the other hand, has been around since 98.
This will seem off-track but bear with me for a moment.
I think the 4runner AWD system (full-time 4WD) is the cat's meow. Engine torque primarily to the rear. I'm quite sure I could do without the part-time 4X4 mode and certainly the 4X4 low range mode.
It seems to me therefore that the V6 4runner would be the perfect vehicle for many of us needing full-time AWD systems.
So why don't I already own one?
Putting aside, for the moment, the fact that I feel that the RX series is perfectly sized for the market demographics whereas the 4runner is a bit on the large and heavy side.
The 4runner ISN'T a GX470!
The interior appearance and human interface aspects of the 4runner just isn't in the Lexus class.
But the GX470 comes with that HUGE V8 that virtually nobody will ever make use of.
Now, how many of us would prefer a V6 powered GX400h yielding V8 performance over the RX series upgraded to V8 performance?
Cheers from sunny and snowy Ipswich (the one in New England, not old England).
PM
I had a post that mentioned the people out there wanting the car is long enough that people can cancel their preorders without it affecting sales.
And it got deleted?
C'mon.
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I then said that I thought that with the level of business they did their allocation would be substantial.
And was again told that the dealership wasn't in line to recieve any RX400h's.
I mean really. They are building 26,000 of them or so.
They will be coming.
http://www.wired.com/wired/archive/13.04/hybrid.html?pg=1&topic=hybrid&topic_set=
the Lexus RX 400h had a preorder list of 18,000
It will open a Prius manufacturing plant in Chang-chun by the end of the year,
Right now, there are about 800 million cars in active use.
I think there are about 800 million vehicles (all vehicles with 4 or more wheels), rather than cars alone.
So has the Lexus order list increased to 18,000 from 11,000.
That indicates the economy is good, with people having plenty of money to spend. I don't think the price of gas going up is a factor at all. People that buy an RX400h could care less if gas is 1 buck or 5 bucks a gallon. They are after the latest and greatest toys.
GS450h can be a good candidate.
Culliganman(hybridizing the rest of the world)
With the price of gas going up and UP as it does every day now how many folks are having second thoughts about a hybrid touting HP/Torque instead of fuel economy.
SUV sales down HOW much in the first quarter??
Doesn't the RX400h tout performance and fuel economy? Doesn't gas mileage move up to the very high 20's range?
We are very much looking forward to the delivery of the RX400h. There has been a lot of discussion and arguing on this board about the future sucess of the RX400h. To me, it is a no brainer. To use a baseball analogy, Lexus is about to hit a grand slam early in the game to put it away and win another World Series.
IMMHO V8 performance isn't required or necessary in a vehicle of the RX's weight and class.
And think about how much better the fuel economy would be if the hybrid system used the Prius I4, or even the current V6 but with the atkinson cycle, to achieve the totally satisfactory HP/torque of the RX330 but with even better fuel economy than the RX400h.