GS resale value sucks
#1
Driver School Candidate
Thread Starter
GS resale value sucks
Why does the resale value of my 2014 F Sport awd GS suck so much? The same year IS350 Fsport is worth more and it was at least $8000 less when new? My residual is $39000 and I looked on CarMax and you can buy them for $35K-37K. Thoughts?
#2
Lead Lap
iTrader: (1)
Just a guess, but there are dozens and dozens of them available for resale (at least in the Dallas area). People pay a premium for scarcity...the GS is NOT scarce. Plus there seems to be virtually no difference between a 2013 and 2014 model. My observation is that the older model is "bringing down" the value of your 2014.
#4
Low resale is the lessor's problem not yours.
Also, if the residual is way higher then fair market value at lease termination, expect the lessor to negotiate a lower buyout with you if you want to keep the car.
#6
#7
Total agree I could see the delivery certificate in the dash and it was 58k$ when it rolled out in jun 2014 and i bought it for 32k in less then 2 years that sucks big time.
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#11
Therefore, the insurer is the idiot....
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.
Last edited by kmm; 05-22-16 at 02:11 PM.
#12
This issue is affecting more than just GS, a couple years ago the US auto industry leaned more heavily on leases and good discounts, and now all this inventory is hitting the market. Here in TX many of the GS are coming from CA and FL lease returns.
I wish I got as good a deal on my '14 as some others have, but I was quite specific in what I wanted and there was only one in the whole state. I decided to buy rather than wait and see. If I wanted an F-sport and not picky on colors, there are bunches of them.
I wish I got as good a deal on my '14 as some others have, but I was quite specific in what I wanted and there was only one in the whole state. I decided to buy rather than wait and see. If I wanted an F-sport and not picky on colors, there are bunches of them.
#13
Pole Position
This issue is affecting more than just GS, a couple years ago the US auto industry leaned more heavily on leases and good discounts, and now all this inventory is hitting the market. Here in TX many of the GS are coming from CA and FL lease returns.
I wish I got as good a deal on my '14 as some others have, but I was quite specific in what I wanted and there was only one in the whole state. I decided to buy rather than wait and see. If I wanted an F-sport and not picky on colors, there are bunches of them.
I wish I got as good a deal on my '14 as some others have, but I was quite specific in what I wanted and there was only one in the whole state. I decided to buy rather than wait and see. If I wanted an F-sport and not picky on colors, there are bunches of them.
#14
It may seem bad, but be realistic. My car listed for just over $59k and I got a $5,000 discount when I bought it. I traded it for $36k at exactly two years old. That is 60%. And that is not actually "resale" value because the dealer obviously sold it for more than they gave me for the car.