Nauticalx

I was wondering how long you guys feel it will take for me to be able to buy a used 2007 GS350 for less than 30K. In what year and how many mile would a 350 with nav and ML have to have to have suffieicently depreciated to be valued 30K tops? Thanks in advance for the responses.... I'm content with my vehicles at the moment so I'm willing to pick up the 350 when it has depreciated down from the 40K+ range for new ones.

Wronglane

I am guessing about 5 years or so.

Irishman06

Far less than 5, I'd say. I'd say 2.5-3 years.

lexus4dfw

A full spec car with Nav & ML is a little over 50k right now plus fees. Probably 3.5 -4 yrs. That would be an average of 5k-6k a yr if the mi is reasonable.

LS4fun

It could be as short as 6 months. Wait till someone's car is crashed or flooded and basically totally by their insurance company. You will be able to pick up the pieces for under 30K for sure. Good luck.

IS_250

iTrader: (2)

the 06 300's have not even dipped below 30k... at least the ones ive seen.

Nauticalx

LOL. I'll be sure to be on the lookout for these. But realistically, the GS seems to have steep depreciation at least on the onset...I believe this is normal for luxury cars....used car market just doesnt have the money for these cars b/c those with the money buy new....those without....look to pick it up for less than 30K like me....are fully loaded 350s with navi and ML not selling for around 47 plus TTL.

Wronglane

"the 06 300's have not even dipped below 30k... at least the ones ive seen."

Fully loaded 06 models are just starting to fall into the high 30's and there are not many of them at that price level yet.

varcity64

iTrader: (2)

i just picked up my 07 GS350 AWD w/ML and every option and the sticker was a little over $52k... but i paid less than that (lets just say that my out the door price was way below $52k)

as for how long u will have to wait... i would say until jun-jul of '09 since people will start bringing back their leases at that time and depending on the mileage, u may be able to find something.

hsk73

Gotta be in 2-3years...
Since the buy off on my 06 GS300 lease is only $19000!!

Nauticalx

Yeah, I'm thinking an 07 selling in 09 would not be worth more thna 30K for the most part. They are 47 invoice right now (for a 52 list vehicle)--it should drop AT LEAST 17K after 2 yrs of use I would think.

Nauticalx

The 300s will certainly be selling for sub 30 by mid next yr. The 350 killed it on resale.

spwolf

i doubt it... GS300 gets pretty good mpg as well. You gonna need lots of luck to find GS that dropped in value soo much.

chuckb

sub 30k, 3.5-4 years.