GS - 4th Gen (2013-2020) Discussion about the 2013 and up GS models

GS resale value sucks

Thread Tools
 
Search this Thread
 
Old 05-22-16, 07:51 PM
  #16  
Guitars4ME
Driver School Candidate
Thread Starter
 
Guitars4ME's Avatar
 
Join Date: Aug 2014
Location: Washington
Posts: 25
Received 0 Likes on 0 Posts
Default

The other thing is my two closest dealers only have four total 2016 GS350s in inventory. Three of the four are white which I do not want. My lease is up around Labor Day and I was told that the GS inventory won't improve
any by then. I live in the NW and need AWD which limits going to a California or Nevada dealer. The Washington dealers inventories are only slightly better. Good luck ever finding a Blue GS350awd in stock.
Old 05-23-16, 09:58 AM
  #17  
jtrue28
Lead Lap
 
jtrue28's Avatar
 
Join Date: Sep 2008
Location: #BBNine
Posts: 3,637
Received 206 Likes on 140 Posts
Default

Originally Posted by kmm
...
With all due respect to the insurers, like the rest of the world, they did not foresee the collapse of oil prices and the migration of car buyers from sedans to gas guzzling SUV's.
So people aren't really trying to save the planet, they're just babbling that nonsense because oil/gas prices were so high?

More often than not, people only respond when it affects their wallet.

Sorry to go "political", but this "green" nonsense rubs me the wrong way.
Old 05-23-16, 01:15 PM
  #18  
jjscsix
Racer
 
jjscsix's Avatar
 
Join Date: Dec 2009
Location: Texas
Posts: 1,340
Received 69 Likes on 51 Posts
Default

Originally Posted by DallasDave
It's strange that Lexus won't negotiate on the residual value. I'm about 90-days from the end of my BMW lease and they have already told me to get back with them in 60-days. At that time, they can give me a "better" figure than the current residual dollar amount.
Residuals are never negotiable. They are set by Lexus Financial Services. It's the only part of the lease that is not negotiable.
Old 05-23-16, 01:30 PM
  #19  
kmm
Pole Position
 
kmm's Avatar
 
Join Date: Nov 2014
Location: CA
Posts: 200
Likes: 0
Received 13 Likes on 11 Posts
Default

Originally Posted by jjscsix
Residuals are never negotiable. They are set by Lexus Financial Services. It's the only part of the lease that is not negotiable.
I think he is referring to the BMW residual buyout being negotiable. Not the residual value at the beginning of the lease.

Last edited by kmm; 05-23-16 at 01:31 PM. Reason: Clarification
Old 05-23-16, 10:06 PM
  #20  
Dallasguy1
Instructor
 
Dallasguy1's Avatar
 
Join Date: Nov 2015
Location: Tx
Posts: 1,145
Likes: 0
Received 56 Likes on 51 Posts
Default

2015 with 8k miles for 36k prices going down the drain.
Attached Thumbnails GS resale value sucks-photo673.jpg  
Old 05-24-16, 05:30 AM
  #21  
dougm213
Intermediate
 
dougm213's Avatar
 
Join Date: Dec 2013
Location: PA
Posts: 371
Received 16 Likes on 15 Posts
Default

Originally Posted by Dallasguy1
2015 with 8k miles for 36k prices going down the drain.
Any accident history? No Options like navigation? MSRP 49K, purchased for 45. $9K depreciation in 1 year, a little steep. Not unheard of for a luxury vehicle. bluebook on this no options is 39K.

Again, accident report?
Old 05-24-16, 07:23 AM
  #22  
situman
Pole Position
 
situman's Avatar
 
Join Date: Jul 2010
Location: NY
Posts: 3,408
Received 162 Likes on 112 Posts
Default

Originally Posted by Dallasguy1
2015 with 8k miles for 36k prices going down the drain.
Remember the massive discount Lexus was having on the 2015 GS? Yea.. that.
Old 05-24-16, 11:25 AM
  #23  
Dallasguy1
Instructor
 
Dallasguy1's Avatar
 
Join Date: Nov 2015
Location: Tx
Posts: 1,145
Likes: 0
Received 56 Likes on 51 Posts
Default

Originally Posted by dougm213
Any accident history? No Options like navigation? MSRP 49K, purchased for 45. $9K depreciation in 1 year, a little steep. Not unheard of for a luxury vehicle. bluebook on this no options is 39K.

Again, accident report?
Clean Carfax and 15's have standard navigation.
Old 05-24-16, 11:36 AM
  #24  
Khiladi
Driver
iTrader: (1)
 
Khiladi's Avatar
 
Join Date: Feb 2006
Location: CA
Posts: 118
Received 0 Likes on 0 Posts
Default

Originally Posted by situman
Remember the massive discount Lexus was having on the 2015 GS? Yea.. that.
This. At the end of the year it was easy to get a new '15 GS with 12K discount from MSRP, without even trying. All the dealers I talked to had the same deal going on.
Old 05-25-16, 09:50 AM
  #25  
rld14
Lead Lap
 
rld14's Avatar
 
Join Date: May 2010
Location: NJ
Posts: 746
Likes: 0
Received 3 Likes on 3 Posts
Default

Originally Posted by Dallasguy1
Clean Carfax and 15's have standard navigation.
Yes but quite possibly a no other options car... Like a $52K MSRP AWD or $49K MSRP RWD.

Not a car I would inventory.
Old 05-25-16, 12:48 PM
  #26  
jtrue28
Lead Lap
 
jtrue28's Avatar
 
Join Date: Sep 2008
Location: #BBNine
Posts: 3,637
Received 206 Likes on 140 Posts
Default

Originally Posted by Khiladi
This. At the end of the year it was easy to get a new '15 GS with 12K discount from MSRP, without even trying. All the dealers I talked to had the same deal going on.
Easy in California. Most other dealers weren't giving the cars away like they do out there.
Old 05-25-16, 02:53 PM
  #27  
ItzFilyO
Lexus Test Driver
 
ItzFilyO's Avatar
 
Join Date: Feb 2013
Location: California
Posts: 5,813
Received 1,046 Likes on 661 Posts
Default

Is the resale value still suck now? I thought it would be improving.

Now u can get 5K off on the GSF right off the bat from Lexus.
Old 05-25-16, 03:26 PM
  #28  
rld14
Lead Lap
 
rld14's Avatar
 
Join Date: May 2010
Location: NJ
Posts: 746
Likes: 0
Received 3 Likes on 3 Posts
Default

Here's a good rule of thumb to use, and I sell 50 used Lexus in a bad month

New car market (Not MSRP, I mean what you can buy one for) $43,000

This makes Pre-Owned, current year, baby mile market $39,995

Deduct roughly $2,500 margin, $500 service and whatever cert costs are... On a GS that means $36K is what I'd have to trade it for assuming the above figures (And I pulled the $43K figure out of the air).

Bill
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
HontoKuro
GS - 4th Gen (2013-2020)
25
09-15-20 07:00 AM
Ehsun
GS - 4th Gen (2013-2020)
12
10-12-19 11:25 PM
Twizgs
GS - 4th Gen (2013-2020)
4
04-07-17 05:43 AM
progman262
GS - 4th Gen (2013-2020)
24
06-29-16 01:11 PM
sprtent
GS - 4th Gen (2013-2020)
30
03-19-13 11:08 AM



Quick Reply: GS resale value sucks



All times are GMT -7. The time now is 12:08 AM.