Trade Value
05-12-15, 03:08 AM
#1
Driver School Candidate
Thread Starter
Join Date: Oct 2012
Location: LA
Posts: 25
Likes: 0
Received 0 Likes
on
0 Posts
Trade Value
Hey guys, I went to Lexus and drove a RC F just to see how it drives. I was very impressed with the car, but there is no back seat room at all. The one I drove had the ML and carbon fiber package and sticker was 79K. My 2013 GS F Sport has 9600 miles on it and is flawless, the dealership wrote up an estimate giving 32k trade in and paying sticker price on the RCF. I can't beleoce the trade value was so low, and this would have been my third Lexus from the same dealership. I feel that I wouldnt pay sticker price for a car that depreciates that fast in two model years. anyone else feel that way?
05-12-15, 06:13 AM
#2
Hey guys, I went to Lexus and drove a RC F just to see how it drives. I was very impressed with the car, but there is no back seat room at all. The one I drove had the ML and carbon fiber package and sticker was 79K. My 2013 GS F Sport has 9600 miles on it and is flawless, the dealership wrote up an estimate giving 32k trade in and paying sticker price on the RCF. I can't beleoce the trade value was so low, and this would have been my third Lexus from the same dealership. I feel that I wouldnt pay sticker price for a car that depreciates that fast in two model years. anyone else feel that way?
05-12-15, 08:04 AM
#3
Lexus Test Driver
Yes my 2014 GS350 FSport with 9K miles is only valued at $38K trade in. Stay away from the RC right now cause there are no incentives for it, especially the RCF being so rare.
05-12-15, 01:17 PM
#5
Driver School Candidate
Thread Starter
Join Date: Oct 2012
Location: LA
Posts: 25
Likes: 0
Received 0 Likes
on
0 Posts
Trending Topics
05-12-15, 02:52 PM
#8
Lexus Test Driver
The first year is always the greatest depreciation followed by year two, three and so forth. Unless you plan to keep a new vehicle for 8+ years smart money is to buy a 2-3 year old car and let the original owner/lessee take the hit of the sizable depreciation...and let someone else's waste be your savings.
Per Kelly Blue Book a typical GS 350 depreciates:
Year 1: $12,986
Year 2: $5,102
Year 3: $4,638
Year 4: $3,710
Year 5: $3,247
Total Depreciation in 5 years: $29,683
Per Kelly Blue Book a typical GS 350 depreciates:
Year 1: $12,986
Year 2: $5,102
Year 3: $4,638
Year 4: $3,710
Year 5: $3,247
Total Depreciation in 5 years: $29,683
05-12-15, 03:37 PM
#9
The first year is always the greatest depreciation followed by year two, three and so forth. Unless you plan to keep a new vehicle for 8+ years smart money is to buy a 2-3 year old car and let the original owner/lessee take the hit of the sizable depreciation...and let someone else's waste be your savings.
Per Kelly Blue Book a typical GS 350 depreciates:
Year 1: $12,986
Year 2: $5,102
Year 3: $4,638
Year 4: $3,710
Year 5: $3,247
Total Depreciation in 5 years: $29,683
Per Kelly Blue Book a typical GS 350 depreciates:
Year 1: $12,986
Year 2: $5,102
Year 3: $4,638
Year 4: $3,710
Year 5: $3,247
Total Depreciation in 5 years: $29,683
Last edited by freeflight; 05-12-15 at 03:43 PM.
05-12-15, 05:44 PM
#11
Pole Position
05-12-15, 07:36 PM
#13
I suspect you subtract the dealer discount from MSRP to get a buyer's true first year depreciation as it hits their pocketbook?
So, a selling price of $6000 discount from MSRP equals a real money first year depreciation of $6986, not $12986?
So, a selling price of $6000 discount from MSRP equals a real money first year depreciation of $6986, not $12986?
05-13-15, 03:08 AM
#14
Driver School Candidate
Thread Starter
Join Date: Oct 2012
Location: LA
Posts: 25
Likes: 0
Received 0 Likes
on
0 Posts
I have to say that I am really bothered about the depreciation on these cars. Most makes that depreciate like this had 5k in rebates and 0% financing, which Lexus would never offer since they say it hurts the resale value. I feel if their cars depreciate like this, I would never pay close to sticker on anything they sell.
05-13-15, 07:27 AM
#15
You have to pay to play and the depreciation is not out of the ordinary for luxury cars. Lexus actually has some of the best resale values but you will still take a big hit the first two years regardless of low mileage.
This is why I tend to keep my cars at 10+ years. Going to switch it up with the GS though. I plan on keeping it 6 years only and see what's available when the 5th Gen GS comes out. Two years down, 4 more to go. Next car will probably be leased though as my situation has changed.
This is why I tend to keep my cars at 10+ years. Going to switch it up with the GS though. I plan on keeping it 6 years only and see what's available when the 5th Gen GS comes out. Two years down, 4 more to go. Next car will probably be leased though as my situation has changed.