stanjohn12

Hmm , I think then it's just my stupid dealership here who is responsible for dragging the value down for the 2IS and all other second hand Lexus's.

rparkzy

Went into a dealer in the sf area to test drive the 350 fsport 2014. Ended up playing some numbers including trade in value. I have a is350 f sport 2012 with 37k miles on it. Only gave me 28k for it.

Walked away thinking there's no way my car can be valued that low. I was thinking around 32k...

Joelseff

I see your point (it was 45K-I have the orginal sticker) but this is still very good depreciation compared to other cars in the class. The G37S was also around 45k in 2010 and BMW 330i and MB C300/350s were around that price in 2010 as well but can be had now for a lot less than the IS350.

Joelseff

That's because they will turn around and sell it for 32-34K. I guess they need to make a profit on it. SO yes, technically your car is worth 32K but a dealer wont undercut themselves. That is why it's typically better to sell your car privately vs trading it in.

I wouldve given you 30K for it!

stanjohn12

Hmm , I think then it's just my stupid dealership here who is responsible for dragging the value down for the 2IS and all other second hand Lexus's here.

It's justifiable for BMW , Audi or Jaguar to have very low resale values but it should not be the case with our indestructible and super reliable car's. Anyways I have just dropped in a mail to their Head Office in Abu Dhabi , let's see if they will warn this dealer to quote the right prices in future.

steco

iTrader: (2)

i don't think the dealer is trying to devalue the IS at all. i think their main focus is to make as much profit as possible. it's a business after all. "buy low, sell high" that's the whole point of doing business. they don't care how is it going to affect the IS at all. Actually, i think every dealers do this, not just the Lexus dealers in particular.
In my opinion, you should not sell your car to dealer if you want to have a good price. You will make more money if you sell your car privately.

Hoovey689

iTrader: (16)

2IS is still a Lexus so it's not that bad..

edgeucated

iTrader: (4)

The 2IS resale value did take a hit with the release of the 3IS, but 14k for your car is too low.

350n350

It doesn't matter dude, 2010 IS still a 4-5 years old car. If you don't like drive a car that depreciate, then buy an American Classics (50's-70's). Those cars value always goes up.

Just enjoy you car, and have fun with it

Hoovey689

iTrader: (16)

You need to sell privately then because you won't get $32K from a dealer no matter how you slice and dice it. In fact KBB at "Very Good" says a dealer would offer a little over $28K for your car with those specs. So they are right on target rolleyes:

NYKnick101

Is it me or does anyone get the idea that they are confusing Resale with tradein value. Trade-in value from dealers is always going to be substantially lower than sale price

rparkzy

they gotta make their money I guess smh

510to808

as soon as you drive off the dealership your car goes down in value immediately, selling it privately is the best bet. selling it to a dealer or for even trade in value is a rip off, tried it and its not worth it, at least negative equity isn't worth it. ..

stanjohn12

I know , I was surprisingly shocked when I heard this price from my own dealer. Suddenly you can buy a Lexus for Plain Jane Toyota money

You haven't read my post clearly I suppose. The whole topic of discussion is that my dealer trying to devalue the car in the market here.

Suddenly they can buy my car for 14,000$ and sell it for 21,000$ to other customers. Yes obviously they make money but they also devalue the brand and the car a lot in this market due to this. 21,000$ is suddenly a brand new Toyota Camry money.

Yet they sell the new 3IS without Mark Levinson for 57,000$ here so go figure.

The problem is when private owners inquire with the dealership , they start to think that the actual value of the car is down now because of the 3IS as the dealer states this reason to everybody. It's the Lexus dealer who is responsible for this and there isn't a single Lexus 2IS in their dealership, so why they play down the value of the car is beyond me.

I know that there is always a depreciation and I don't mind it but it should be reasonable and justifiable, and as far as most of you have discussed here even after the introduction of the 3IS , the 2IS's still holds good value so there is no reason for my bloody dealership to bring down the market value of the 2IS.

JusticeK

iTrader: (2)

I have something that's pretty funny that is relevant to this topic.

I got this letter directly from my local dealer, can you see what is wrong with this?







The letter isn't even written to me....scammy as hell. These dealers are only out there for the money, they want our cars, there's definite value.

Jay