Boomin

So disappointed guys, shopping around now for a new lease for my wife but at the same time noticing used GS's at a better price than my soon to be return GS buy out price. Damn I'm pissed.
I was going to keep it at the end of lease but isn't wise to do so, well at a financial stand point. Even the financing manager total knock Lexus for losing millions a month ( he said $13m) just because of the GS.
My wife's buy out price is much cheaper than what there selling it for right now so now I'm leaning towards keeping it.
But yea smh.
Oh I have Tanabe strut bar I never installed if your interested and LEMS intake i have installed. PM me

Sorry just venting

Dallasguy1

GS prices are depreciating like no ones business I just bought a 62k MSRP 2014 car for 27k , so almost two years price is dropped less then half.

Boomin

Dkp1111

Well residual for gs now is 54% for 3 years. I think it is reasonable. Being a less popular car gs wont be able to hold value vs IS.

But when you compare to bmw 5 series and MB e class; GS is holding better value. Millage does play a huge role on these car too, higher millage will get higher maintenance cost.

Is there a way to negotiate the buy out price at the end? Just curious.

er34

Easy enough. Buy out the IS, privately sell it, buy a used GS and pocket the change. GS is alot more car than IS, and clearly undervalued.

Dkp1111

If return on investment is at your concern i would suggest that you lease luxury car and buy honda or toyota. Luxury cars would never hold its value good because no bank will finance a high millage car for private buyers. How many people have cash on hand to buy a used gs car for $20k from a private seller? Dealer will try to lowball your trade-in. the long term cost involves on a luxury car is high too. Saw too many people driving lexus and complain about why the cost of maintenance is too high-- they expect it to be same as honda or toyota.

Somebody might oppose my opinion, just wait until you go to dealership to do your maintenance on a high millage car. Nowadays manufacturers producing more turbo car for fuel efficiency, the engine will blown faster, not a good idea to hold the car long time if you thinking to make some money out of it.

tea

i've always said the more you spend, the more you lose. 50% of a $50,000 GS is $25,000. 50% of a $20,000 Civic is only $10,000. in the end, it's the same percentage, but you lose $25,000 instead of only $10,000. That $30,000 price difference when new is now only $15,000

jjscsix

I'm honestly not even following what you are saying. If your residual is higher than what the car is worth you should be doing back flips and jumping for joy. That means you got a better deal on your lease. The higher the residual was on your car the lower your monthly payment was.

Converely, if your residual on the IS is lower than what it's worth, you have been paying too much for the lease. If you should be upset about anythink you have it backwards.

As to Lexus losing $13m on the GS, I doubt if Lexus let's that information out, but even if it's true, what's the point?

Boomin

Well.......the is250f sport gone and she went with is350f sport lol 2016. Inedible deal but this other salesmen said lexus losing 5k with every GS returned from lease. Soooo get s used GS if want to buy one

iJDMTOY

iTrader: (5)

Wow thats crazy. I thought that the GS would hold value stronger than all the other cars

Afrosheen

I know the 13's lost a lot of value because they had aggressive lease deals and a crystal ball 64% residual. It was a new model so they didn't have data to set the residual by at that time. Once they got moving and a few years later the market determined the resale value and residuals dropped, leading to more expensive leases. If you got a 13 on lease, chances are you got a killer deal.

I agree that they're undervalued but some buyers are badge *****s that only respect a propeller or a merc badge.

BB11

Good think I will keep mine for as long as it runs, so at 9500 miles after 1 year this may be my final car. Best car I have ever owned, ride, comfort, quietness, no problems. Only complaint would be gas mileage but with how little I drive not a big deal.

Dkp1111

totally agree with this comment. Car depreciated 15-20% each year so in reality the car should be around 40-50% of the msrp after 3 years. The car will slowly depreciate after the 4th or 5th years.

Now when the GS gen 4 come out the residual from lexus set to 60-70%. These number is good for lease but bad for purchase because when the new gen come out there will beclittle discount. Also the number is base on the demand and supply. IS will be more demand than GS. Option wont be as much different when you buy use. A base car vs fully loaded when new will cost $10-20k more but when buy use the different will be around $2-5k.

Anyway car is a depreciate commodity, think it as a cost rather than building equity unless you buy collectible cars.