texxclark

Looking for advice on picking up new 2013 model. All dealership websites around me have inventory of 2013 gs 350 atill. Would love new but can't swing price on 2015. What is two model years worth. 55k 2013 depreciates to 38 or so over night. Could 43 or so get it done for 4gs awd with premium and bsm New?

bigblack06

iTrader: (20)

43K new, I'm surprised dealers still have 13' model. 43K doesnt sound to bad but I would shoot for 40K

texxclark

Dealer actually has new 2013 Black on Black FSport;

Over the phone they told me MSRP 59K; with incentives and promos they could do 52K. For some reason i think i could get a new 2015 F Sport for close to 52.


What are the risks to buying a car sitting on a lot for 2 years. If i can get new 2013 for low 40s i think that would be a pretty good deal.

bclexus

I can't imagine Lexus allowing themselves or one of their dealerships the embarrassment of having a 'new' two year-old model still in their inventory. That vehicle is likely pushing toward being three years-old!

This is something that should never happen! I would expect for Lexus to tell all their dealerships to make sure that all 2013 models are sold by 'x' date. Same for the 2014 models. Having old-new inventory does not bode well for the car maker, the brand, nor the dealership.

bclexus

There are nine 2013 GS 350 in your area (NY, NJ & CT) by clicking HERE. Enter 2013 in the Select Model Year. You'll see the Black on Black F-Sport you mentioned being interested in listed on page 2.

What I find odd about these old 'new' Lexus cars is that this Lexus Search feature does not show which dealer actually has the old 'new' cars that are listed. However, it does give a list of a dozen or more nearby Lexus dealers to choose from to inquire about the old 'new' cars.

bclexus

A 2013 Lexus GS 350 depreciates ~$12,000 in the first two years of ownership ($7,700 depreciation in the 1st year and $4,100 in the 2nd year.).

In my view, even though a 'new' two year-old car may have zero miles on the odometer the car is still two years old, and quickly heading toward three years old - therefore reduce the price another $4,000 for the 3rd year for a total of $16,000 in depreciation. Then, add back a value for 'low mileage' of say $5,000 (at most) for a total reduction of ~$11,000.. Finally, reduce the ~$11,000 from the very best sale price this car was typically sold for when it was a brand new model back in 2012 or early 2013, which was say $50,000. $50k minus $11k equals $39k give-or-take a couple grand. Don't forget about the warranty...

rijc99

3 years on the lot... hopefully they kept it in a covered spot.

Crispy

iTrader: (3)

Unfortunately the cars are depreciating a lot more than that. I just traded in my 2013 GS with 7,068 miles in absolutely mint condition (still had that new car smell). Lexus quoted me $31,500 for trade-in value, with the expectation of selling it as CPO for $35k-$36k after discounting the advertised price of $37k-$38k.

Porsche offered $34k, and I ended up trading it in to Jaguar as part of a new car purchase for $36k after much negotiating. Granted these are wholesale prices quoted, but I was very surprised at how little Lexus quoted for the car. This was from a trusted connection at the dealership with the expectation of leasing an RC-F as well.