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Finally, New Lexus Prices Drop, Thanks To Japan Fta

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Nearly seven months ago, it was revealed that Australia was about to sign a free trade agreement with Japan, signalling the promise of lower Japanese new car prices. Today, Lexus Australia have finally announced reduced sale prices of its new vehicles, as a result of the lower import costs.

It was predicted here, in our forums, that prices could drop for Lexus vehicles by at least $2000. Indeed, price reductions start from $2000 for the CT, with the CT 200h Luxury now starting from $37,990 plus on-roads. At the other end of the spectrum, Lexus Australia states that its LS sedan has dropped by more than $8,600.

The IS 250 has had price cuts of between $2500 and a massive $4700, depending on grade. The IS 250 Luxury is now less than $60,000 drive-away.

For the IS 350, prices have dropped by at least $2800. For the popular IS 350 F Sport, the price has dropped by $3600. Taking stamp duty into account, it actually means, for example, a drop of $3,780 in the NSW drive-away price and a drop of $3,787 in Victoria.

Lexus Australia states its RC and NX pricing already considered the effects of the FTA. It means that there is now a noticeable difference of at least $4000 between the cost of an RC coupe, and its equivalent grade in the IS sedan.

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