Ouch on Resale
#16
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iTrader: (2)
Can't wait for my lease to be up to I can get out of it... What my buy out is at vs. value is about $20,000. I rather keep the car for 2 years at this point to "break even". Learned lesson not to get a car with terrible value. I thought GS would hold value a lot better than the IS/ES but clearly I was wrong.
#18
In general you need to keep a car 6+ years to make purchasing worthwhile. I always planned to keep my GS 6 years but we'll see how resale value is. I'm on year 3+ now.
#19
While unfortunate, for those of us looking to jump into the CPO pool this is good news. Although I have been watching the CPO market near me (NJ) and it hasn't seem like it has changed significantly. If anything prices seemed to be more aggressive 4-5 months ago when I first started looking around. I figured I would be looking at Sept-Oct for prime striking time.
Does the ES hold onto it;s value any better?
Does the ES hold onto it;s value any better?
#20
New car... off lot...not new car. By a lot too...
Exactly why we have gap insurance....
You don't step into the lease-life then jump out of it without losing your ***. It's a trap.
Exactly why we have gap insurance....
You don't step into the lease-life then jump out of it without losing your ***. It's a trap.
#21
#22
Lead Lap
Purchasing requires you to hold on the car for a longer time to make-out on the value/usage/loss proposition. The CPO market is booming with 4GS's, especially flooded with '13s and '14s that have come back from those leases. Even seen Lux pkg 4GS's for under $30k. I bought an off-lease CPO 4GS for 32k last year.
The GS depreciates like hell in the first 3 years though - its kinda shocking at first but this is the case with most cars anyway...
The GS depreciates like hell in the first 3 years though - its kinda shocking at first but this is the case with most cars anyway...
#23
Echoing what is said above, 3 year is typically the sweet spot in looking to buy a used car because there are so many coming off lease in addition to private sellers, trade ins etc. So the supply for used is usually the richest at 3 years. If you are a buyer, this is what you want to look for.
#24
What would you consider a '3 year' GS coming off a lease right now? Are we talking a '13 or '14 model (or does it just depend on inservice / lease date)?
I have seen several '13 Lux package GSs in my market but I have a hard time buying a car that is going on 4yrs old. Still, prices are pretty low, even on low mileage models...
I have seen several '13 Lux package GSs in my market but I have a hard time buying a car that is going on 4yrs old. Still, prices are pretty low, even on low mileage models...
#25
Lead Lap
What would you consider a '3 year' GS coming off a lease right now? Are we talking a '13 or '14 model (or does it just depend on inservice / lease date)?
I have seen several '13 Lux package GSs in my market but I have a hard time buying a car that is going on 4yrs old. Still, prices are pretty low, even on low mileage models...
I have seen several '13 Lux package GSs in my market but I have a hard time buying a car that is going on 4yrs old. Still, prices are pretty low, even on low mileage models...
Even with that said, a 3 or 4 year old GS with low mileage is still a better value than similarly equipped competitors in the segment that are also 3 or 4yrs old. Lexus' CPO program is also pretty good in comparison to others. The sweet spot really is now to get into the newer body style ' 4GS for under $30k (https://www.cars.com/vehicledetail/d...3457/overview/) and for it to still be the "newer body style" for a couple more years to come.
#27
One other factor causing the low demand for sedans is low gas prices. Many people have jumped into SUVs that had switched to cars when gas was $4 a gallon.
#28
Not sure I follow this. If you wait until your lease is up, you pay the $350 disposal fee and walk away and can go purchase whatever you want. Now, if you want to walk from the lease early, yeah, I can see how you could lose your *** there.
#29
#30
Driver School Candidate
Join Date: Aug 2016
Location: CO
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Nothing has dropped that far near me yet, I guess I'll have to wait till Novemberish. Most of the GS around here (CO) are around 34k to 36k for a 14 model. I'm hoping to get into a 13' F Sport for right around 30