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Is this 04 GX470 a good buy?

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Old 07-25-14, 07:42 PM   #1
Neophyte2b
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Default Is this 04 GX470 a good buy?

I have my eye on an '04 GX470 with 73,500 miles. When I went to see it, the VSC light and the alignment light (the one with the axles on it) were lit up on the dash. When I tried to turn, the vehicle came to a complete stop. The acceleration was okay, but when I compared it to an '03 GX470, the '03 was more brisk. The salesperson said that it was related to the VSC light, and that the brakes were a little low also because of the VSC as well. The '04 also had multiple paint chips around various parts of the car, but no major dents or rust like the '03. The leather in the driver armrest was also cracking. However, the ride was smooth, there were no odd noises, no leaking fluids, etc...

Having said all of the above, would it be a good buy for $19,100 walkout price if the dealer agrees to warranty for 12 months the reasons behind the VSC and alignment light?

Thanks!
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Old 07-25-14, 08:22 PM   #2
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way overpriced honestly look around and you will find a better deal. Are you financing or buying out cash ?
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Old 07-25-14, 09:38 PM   #3
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Thanks for your input. I haven't decided whether to do cash or finance. What would be a good price for that vehicle?
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Old 07-25-14, 09:43 PM   #4
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Low mileage GXs are hard to come by as it is a great road trip vehicle. The electric problems you mentioned are of concern. I would say have them fix it before you buy it if its not a Lexus dealership. I have a 04' with 79k miles, owned since new. Never had any issues. Just like its big brother LX these trucks are made to last. Regarding price, I wouldn't say it's way out of line. These trucks hold its value. I've seen loaded 05's selling for $23k+ with 130k miles. If you like it and can afford it buy it, take care of it and drive it forever.
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Old 07-26-14, 12:09 PM   #5
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The vehicle is from a Lexus dealership. Should that make me feel better about the vehicle?
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Old 07-26-14, 04:00 PM   #6
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If it is a lexus dealership why don't they fix it before sale??
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Old 07-26-14, 04:56 PM   #7
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When I went to see the vehicle, it had not been through their inspection process. The salesperson said that they would run it through inspection and also fix the reason behind the warning lights. He said that Lexus would warranty the work for twelve months. I'm still a little hesitant, though. Your thoughts?
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Old 07-26-14, 05:57 PM   #8
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I would not bother with that.... Lexus dealerships overprice the hell out of their own used cars. If you are buying with cash, just wait it out and find an independent seller. They are more willing to negotiate and would probably know more about the vehicles history.

Edit: $19000 for a 10 year old vehicle with issues? Do you really need us to tell you that is not a good deal?
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Old 07-26-14, 06:24 PM   #9
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Okay. Point taken. It's just that the lower miles is enticing. Thanks for the input. I'll try negotiating it down, but will probably end up walking away from it.
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Old 07-28-14, 01:28 PM   #10
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Quote:
Originally Posted by Neophyte2b View Post
Okay. Point taken. It's just that the lower miles is enticing. Thanks for the input. I'll try negotiating it down, but will probably end up walking away from it.
Being that its a Lexus, mileage is usually not much of a concern. Here are some examples even though prices in your state will be different.

http://newyork.craigslist.org/lgi/cto/4591332786.html

http://newyork.craigslist.org/brk/cto/4582345106.html

http://newyork.craigslist.org/brk/cto/4573159405.html

http://newyork.craigslist.org/mnh/cto/4580436515.html
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Old 07-28-14, 02:14 PM   #11
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you can find LX470s at that price
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Old 08-04-14, 10:27 AM   #12
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Thanks for the feedback. It's been helpful. I'm still looking for a GX. Now that I'm armed with some more information, I'll be better prepared to find one that is in good condition and at a good price - I hope. Thanks!
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Old 08-04-14, 12:05 PM   #13
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Quote:
Originally Posted by ram3ez View Post
Being that its a Lexus, mileage is usually not much of a concern. Here are some examples even though prices in your state will be different.

http://newyork.craigslist.org/lgi/cto/4591332786.html

http://newyork.craigslist.org/brk/cto/4582345106.html

http://newyork.craigslist.org/brk/cto/4573159405.html

http://newyork.craigslist.org/mnh/cto/4580436515.html
The above are more inline with the pricing of the GX, $19K for a 10 yr old GX is Way overpriced ...
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Old 08-06-14, 01:45 PM   #14
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Quote:
Originally Posted by 516IS View Post
The above are more inline with the pricing of the GX, $19K for a 10 yr old GX is Way overpriced ...
How much would you pay for an '05 GX470 with sports package with 89K miles?

Last edited by Neophyte2b; 08-06-14 at 03:06 PM..
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Old 08-07-14, 06:41 AM   #15
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Quote:
Originally Posted by Neophyte2b View Post
How much would you pay for an '05 GX470 with sports package with 89K miles?
I guess prices vary where you are, I could only find a low mileage 05 GX near me in NJ for under $16K...

http://newyork.craigslist.org/jsy/cto/4603902807.html

I also found an 06 with 115K miles for under $15K:

http://newyork.craigslist.org/jsy/cto/4605596628.html

For around $20K I expect to be able to purchase 2007 and up models.
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