Depreciation
05-24-08, 10:04 PM
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Depreciation
I just read a "long term" review of the GS450h in an automobile magazine (I dont remember which one or I would find it to quote it) and they made a comment of a 1 year old car being worth (I think) $33,??? or somewhere around there and it was referring to the fact they felt the car depreciated quite a bit.
Do the hybrid cars depreciate faster than the "fuel only" cars? Is this extreme?
It shocked me quite a bit to read that and I dont know if they are lookin g at KBB or if that is "true life" resale (or even trade in" pricing??
I have an '06 GS430 and love it, I have always been very happy with the resale value of my sold Lexus cars. I just sold an '05 LX and got more than I expected!!
Do the hybrid cars depreciate faster than the "fuel only" cars? Is this extreme?
It shocked me quite a bit to read that and I dont know if they are lookin g at KBB or if that is "true life" resale (or even trade in" pricing??
I have an '06 GS430 and love it, I have always been very happy with the resale value of my sold Lexus cars. I just sold an '05 LX and got more than I expected!!
05-25-08, 07:45 PM
#2
Lexus Test Driver
KBB price the 07 GS450H at $41000. I also notice for some reason, the Lexus SUV holds its value a lot better than their sedans. I am sure with the gas price the way they are, thats bound to change soon.
I read a very interesting article about Hybrids as well the other day. The author was talking about older hybrids on the use car market. As hybrids get older, say a 7 or 8 year old hybrid, it will need a battery change soon, in 10 to 12 years I think. These batteries cost somehwere around $5000 just for the parts. The depreciation of a 7 to 8 year old hybrid is more rapid because of this additional major maintenance item.
I read a very interesting article about Hybrids as well the other day. The author was talking about older hybrids on the use car market. As hybrids get older, say a 7 or 8 year old hybrid, it will need a battery change soon, in 10 to 12 years I think. These batteries cost somehwere around $5000 just for the parts. The depreciation of a 7 to 8 year old hybrid is more rapid because of this additional major maintenance item.
05-26-08, 09:35 AM
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KBB price the 07 GS450H at $41000. I also notice for some reason, the Lexus SUV holds its value a lot better than their sedans. I am sure with the gas price the way they are, thats bound to change soon.
I read a very interesting article about Hybrids as well the other day. The author was talking about older hybrids on the use car market. As hybrids get older, say a 7 or 8 year old hybrid, it will need a battery change soon, in 10 to 12 years I think. These batteries cost somehwere around $5000 just for the parts. The depreciation of a 7 to 8 year old hybrid is more rapid because of this additional major maintenance item.
I read a very interesting article about Hybrids as well the other day. The author was talking about older hybrids on the use car market. As hybrids get older, say a 7 or 8 year old hybrid, it will need a battery change soon, in 10 to 12 years I think. These batteries cost somehwere around $5000 just for the parts. The depreciation of a 7 to 8 year old hybrid is more rapid because of this additional major maintenance item.
My GS (06 430) get pretty good mileage, they should make a Hybrid 460+electric motor. (I guess that would be a new string altogether)
I still cannot find the article to quote exactly, I get too many car magazines!!!
05-26-08, 09:43 AM
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KBB price the 07 GS450H at $41000. I also notice for some reason, the Lexus SUV holds its value a lot better than their sedans. I am sure with the gas price the way they are, thats bound to change soon.
I read a very interesting article about Hybrids as well the other day. The author was talking about older hybrids on the use car market. As hybrids get older, say a 7 or 8 year old hybrid, it will need a battery change soon, in 10 to 12 years I think. These batteries cost somehwere around $5000 just for the parts. The depreciation of a 7 to 8 year old hybrid is more rapid because of this additional major maintenance item.
I read a very interesting article about Hybrids as well the other day. The author was talking about older hybrids on the use car market. As hybrids get older, say a 7 or 8 year old hybrid, it will need a battery change soon, in 10 to 12 years I think. These batteries cost somehwere around $5000 just for the parts. The depreciation of a 7 to 8 year old hybrid is more rapid because of this additional major maintenance item.
Expect about $38k on trade. Not sure there are many takers for Lexus Hybrids on the used car market because it is more about performance than fuel economy. Consequently, not sure who would pay the premium. I see Lexus Hybrids worth as much as standard gas models on the used car market.
2007 LEXUS GS 450H
$36,830 - $42,825
05-26-08, 05:01 PM
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Coming from the UK I find this quite interesting Lexus are very adamant that the battery will last the life of the car and their parent company, Toyota, have been using the technology for a while so in theory we should be good on the batteries. I hope anyway! When I bought mine I asked the salesman why the pre-owned SUV hybrids were holding their value over the GS hybrids even though it still had old tech he said basically it was the trunk space.
Its a bit different over here in the UK. We pay road tax on every vehicle once a year. It basically correlates to the amount of CO2 (effectively size) your car outputs e.g. a Lexus GS300 will cost around $800 a year your money but a GS450h will cost $350 which is not bad, this is around the same as a Honda Accord. This should aid depreciation however another boost is that some cities are introducing congestion charges for city centres (London has this in already $20 a drive through!) but Hybrid vehicles are exempt from this so you get a lot of them in London. However the heavyweight Germans Merc, BMW and Audi over here depreciate less especially the diesels - which are very popular here due to being more frugal on fuel.
EDIT: On a side note just to make my American cousins feel more smug a new GS450hSE-L with all the bells and whistles at list price over here costs around £47000 thats around $94,000 of your money - we get screwed on car big time a base model ford focus is around £12,000 thats $24,000! just wanted to moan!
Its a bit different over here in the UK. We pay road tax on every vehicle once a year. It basically correlates to the amount of CO2 (effectively size) your car outputs e.g. a Lexus GS300 will cost around $800 a year your money but a GS450h will cost $350 which is not bad, this is around the same as a Honda Accord. This should aid depreciation however another boost is that some cities are introducing congestion charges for city centres (London has this in already $20 a drive through!) but Hybrid vehicles are exempt from this so you get a lot of them in London. However the heavyweight Germans Merc, BMW and Audi over here depreciate less especially the diesels - which are very popular here due to being more frugal on fuel.
EDIT: On a side note just to make my American cousins feel more smug a new GS450hSE-L with all the bells and whistles at list price over here costs around £47000 thats around $94,000 of your money - we get screwed on car big time a base model ford focus is around £12,000 thats $24,000! just wanted to moan!
Last edited by supmario; 05-26-08 at 05:12 PM.
05-27-08, 08:07 AM
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Coming from the UK I find this quite interesting Lexus are very adamant that the battery will last the life of the car and their parent company, Toyota, have been using the technology for a while so in theory we should be good on the batteries. I hope anyway! When I bought mine I asked the salesman why the pre-owned SUV hybrids were holding their value over the GS hybrids even though it still had old tech he said basically it was the trunk space.
Its a bit different over here in the UK. We pay road tax on every vehicle once a year. It basically correlates to the amount of CO2 (effectively size) your car outputs e.g. a Lexus GS300 will cost around $800 a year your money but a GS450h will cost $350 which is not bad, this is around the same as a Honda Accord. This should aid depreciation however another boost is that some cities are introducing congestion charges for city centres (London has this in already $20 a drive through!) but Hybrid vehicles are exempt from this so you get a lot of them in London. However the heavyweight Germans Merc, BMW and Audi over here depreciate less especially the diesels - which are very popular here due to being more frugal on fuel.
EDIT: On a side note just to make my American cousins feel more smug a new GS450hSE-L with all the bells and whistles at list price over here costs around £47000 thats around $94,000 of your money - we get screwed on car big time a base model ford focus is around £12,000 thats $24,000! just wanted to moan!
Its a bit different over here in the UK. We pay road tax on every vehicle once a year. It basically correlates to the amount of CO2 (effectively size) your car outputs e.g. a Lexus GS300 will cost around $800 a year your money but a GS450h will cost $350 which is not bad, this is around the same as a Honda Accord. This should aid depreciation however another boost is that some cities are introducing congestion charges for city centres (London has this in already $20 a drive through!) but Hybrid vehicles are exempt from this so you get a lot of them in London. However the heavyweight Germans Merc, BMW and Audi over here depreciate less especially the diesels - which are very popular here due to being more frugal on fuel.
EDIT: On a side note just to make my American cousins feel more smug a new GS450hSE-L with all the bells and whistles at list price over here costs around £47000 thats around $94,000 of your money - we get screwed on car big time a base model ford focus is around £12,000 thats $24,000! just wanted to moan!
Studies have shown that a Hummer is more green than a Prius due to the batteries production and waste.
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05-27-08, 03:22 PM
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