How much can i get?: 2005 LS430
07-17-14, 04:50 PM
#1
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How much can i get?: 2005 LS430
Hey guys, I'm new here and i own a 2005 LS430. I just turned 17 and my mom gave me her 2005 LS430 as a gift (very much appreciated), i has been collecting dust in the garage for the past 2 years. She gave it to me to either keep, or sell and use the money for another car. My dad gave me one of his apartments in his complex NYC so i could start investing (It is being rented out, also extremely appreciated). My dad drives a 2012 LS600hL and my mom drives a 2012 GS350 f sport and my sister drives a 2007 GX470. So as you can see, my family loves Lexus. My question to you guys is, how much exactly would this car be worth? And how much should i expect to sell it for? I also have about 23k in savings and im selling my computer too its worth about 2500$ (Mac Pro). The LS430 has 170k miles and no mechanical problems, only thing is that it has a big chunk of missing paint (the size of the palm out your hand). So my question is, do you guys think that with my 23k (soon to be 25.5k after i sell my computer) and my 2005 LS430 (worth about 7k-9k?) and my apartment which i will be getting 2,500$ rent each month, from that will i be able to put a down payment of 30k-35k on an 2014 is350 F Sport AWD and then finance like 10k - 12k. Thanks for any info 
Oh and I plan on investing in real estate as a business, what did you guys want to when you were at my age?
Oh and I plan on investing in real estate as a business, what did you guys want to when you were at my age?
07-17-14, 06:26 PM
#2
well im not a financial investor but I can tell you forsure that investing all your money and then going into debt, all for an is350 F?
BAD MOVE!!!!!
If I was you, id drive the ls430 with a huge grin on my face for a few years and continue saving/making money.
Buy a nice set of wheels for it and enjoy your baller status at 17.
Oh and make sure to give your parents a big kiss on the cheek
BAD MOVE!!!!!
If I was you, id drive the ls430 with a huge grin on my face for a few years and continue saving/making money.
Buy a nice set of wheels for it and enjoy your baller status at 17.
Oh and make sure to give your parents a big kiss on the cheek
07-17-14, 07:07 PM
#3
I agree with 1willy1, drive the heck out of the LS430 and save your money. I know as a kid you'd rather drive an is instead of an LS but there is nothing better than no car payment and keeping all your money in the bank.
Drive the 430 and use some of your saving for investments to make you more $$. You have plenty of time to drive other cars later on.
Drive the 430 and use some of your saving for investments to make you more $$. You have plenty of time to drive other cars later on.
07-17-14, 07:33 PM
#4
Hey guys, I'm new here and i own a 2005 LS430. I just turned 17 and my mom gave me her 2005 LS430 as a gift (very much appreciated), i has been collecting dust in the garage for the past 2 years. She gave it to me to either keep, or sell and use the money for another car. My dad gave me one of his apartments in his complex NYC so i could start investing (It is being rented out, also extremely appreciated). My dad drives a 2012 LS600hL and my mom drives a 2012 GS350 f sport and my sister drives a 2007 GX470. So as you can see, my family loves Lexus. My question to you guys is, how much exactly would this car be worth? And how much should i expect to sell it for? I also have about 23k in savings and im selling my computer too its worth about 2500$ (Mac Pro). The LS430 has 170k miles and no mechanical problems, only thing is that it has a big chunk of missing paint (the size of the palm out your hand). So my question is, do you guys think that with my 23k (soon to be 25.5k after i sell my computer) and my 2005 LS430 (worth about 7k-9k?) and my apartment which i will be getting 2,500$ rent each month, from that will i be able to put a down payment of 30k-35k on an 2014 is350 F Sport AWD and then finance like 10k - 12k. Thanks for any info
Oh and I plan on investing in real estate as a business, what did you guys want to when you were at my age?
Oh and I plan on investing in real estate as a business, what did you guys want to when you were at my age?
. I wish u the best in your Realestate venture!!!Yea drive the ls430 and wait to buy ur Isf when when you can in cash from the profits of ur appreciating assets (real estate). It's never a good idea to finance a depreciating asset (a car) unless it has the potential to make money for u later on.
07-17-14, 07:37 PM
#5
well im not a financial investor but I can tell you forsure that investing all your money and then going into debt, all for an is350 F?
BAD MOVE!!!!!
If I was you, id drive the ls430 with a huge grin on my face for a few years and continue saving/making money.
Buy a nice set of wheels for it and enjoy your baller status at 17.
Oh and make sure to give your parents a big kiss on the cheek
BAD MOVE!!!!!
If I was you, id drive the ls430 with a huge grin on my face for a few years and continue saving/making money.
Buy a nice set of wheels for it and enjoy your baller status at 17.
Oh and make sure to give your parents a big kiss on the cheek
He clearly comes from money... 10-12k finance is chump change...
Do whatever you want that make YOU happy kid. Even if it is a car payment. No point in keeping an LS that will depreciate further, if you don't "like" it.
07-17-14, 08:14 PM
#6
Pole Position
Depending on the option package, a 2005 LS430 with 170k miles should cost between about 11-14k.
You're the only one who can answer whether or not you'd rather have the cash. But I can tell you that the LS430 is one of the most undervalued cars for in America. What that means is that they're cheap to buy and painful to sell.
You've got a good head on your shoulders and some good assets. You can probably pay for a whole year of driving the car (gas, insurance, maintance) from two month's rent on your apartment. You can't beat that deal, and you'd retain the rest of your money and the bulk of your residual income for future investments.
The IS350 F-sport isn't that much faster than a 2004-2006 LS430. I don't have the specs off the top of my head, but they're going to be within half a second on the 0-60. Again, you're the only one who can decide whether that's worth it to you... but if you read around this forum, you'll see that many of the people here are driving the LS430 by choice and many say its the best car they've ever driven. Some of the owners here have had 600 horsepower Supras, Lexus LXs, Acuras, and every notable German brand plus Volkswagen, and even some LS460s, but here we are, learning how to take car of our 2001-2006 Ls430s.
The LS430 is a very special car, and the 2004-2006s especially since they're the most mature evolution of one of Toyota's most solid designs. Toyota spent about (modern day equivalent) $6 billion dollars and 4 years on the very first LS400s, and then they spent a decade refining, redesigning it, and massaging it into the LS430. A car that was the highest rated car in consumer reports until the LS460 and Tesla Model S, in addition to sweeping every JD powers (my least favorite quality ranker, but I digress) quality award it was eligible for.
Sounds like you have a sweet ride right now. You can get rims, an intake, an exhaust, and a mechanic to give it fresh fluids, probably keep the total below $4,000. At that point, you'll only need oil changes and a timing belt to hit 300k miles.
Do you drive your friends often? The ls430 is a much better passenger car than the IS350. I also guarantee the LS430 is faster with 3 passengers than the IS350
You're the only one who can answer whether or not you'd rather have the cash. But I can tell you that the LS430 is one of the most undervalued cars for in America. What that means is that they're cheap to buy and painful to sell.
You've got a good head on your shoulders and some good assets. You can probably pay for a whole year of driving the car (gas, insurance, maintance) from two month's rent on your apartment. You can't beat that deal, and you'd retain the rest of your money and the bulk of your residual income for future investments.
The IS350 F-sport isn't that much faster than a 2004-2006 LS430. I don't have the specs off the top of my head, but they're going to be within half a second on the 0-60. Again, you're the only one who can decide whether that's worth it to you... but if you read around this forum, you'll see that many of the people here are driving the LS430 by choice and many say its the best car they've ever driven. Some of the owners here have had 600 horsepower Supras, Lexus LXs, Acuras, and every notable German brand plus Volkswagen, and even some LS460s, but here we are, learning how to take car of our 2001-2006 Ls430s.
The LS430 is a very special car, and the 2004-2006s especially since they're the most mature evolution of one of Toyota's most solid designs. Toyota spent about (modern day equivalent) $6 billion dollars and 4 years on the very first LS400s, and then they spent a decade refining, redesigning it, and massaging it into the LS430. A car that was the highest rated car in consumer reports until the LS460 and Tesla Model S, in addition to sweeping every JD powers (my least favorite quality ranker, but I digress) quality award it was eligible for.
Sounds like you have a sweet ride right now. You can get rims, an intake, an exhaust, and a mechanic to give it fresh fluids, probably keep the total below $4,000. At that point, you'll only need oil changes and a timing belt to hit 300k miles.
Do you drive your friends often? The ls430 is a much better passenger car than the IS350. I also guarantee the LS430 is faster with 3 passengers than the IS350
07-17-14, 08:38 PM
#7
Pole Position
Using all your savings plus selling assets to buy a car and still ending up with a payment isn't smart. Especially when you are 17 with no real career other than paying businessman with Mom and Dad's money. I suggest you talk to your parents about what you are planning and get their advise. Thanks to your family's success, you are very lucky to be way ahead of the game financially at your age. Don't blow it.
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07-17-14, 08:48 PM
#9
After u blow all your money on the is-F, and end up in debt , you can also quit school and get into partying full time !!!
Do WHATEVER makes u happy
07-17-14, 09:03 PM
#10
Moderator
Sorry for being so blunt. If you are seriously thinking about buying a brand new 2014 IS-F at 17 years old up in the super high cost NY/NJ area you need to gain a few more years of maturity. The ownership costs, car payments, super high insurance, huge depreciation, etc on a 2014 IS-F for a 17 yo are several clicks beyond stupid.
07-17-14, 09:15 PM
#11
BOB04. Some good advice. I see that many others have shined some words of wisdom. I very much agree ask your parents for advice, but the key to success is to be as least leveraged as possible and to invest to have money making money for you rather than you working for money....You have a good start with a rental NOO (non-owner occupied) 1-4 unit. Key is adding to that and then you will move into vigger investments such as multifamily and NNN credit tenant CRE properties. Nonetheless, taking on debt is never a good idea, but if you don't like the car you will end up changing it later down the line anyways. If you do make the switch definitely think about keeping the car for a long time, that is the only way you can pay yourself every month rather than the lender. Good luck with your decision.
07-18-14, 05:56 AM
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Haha, its not chump change, but it can be done.
07-18-14, 05:59 AM
#13
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Depending on the option package, a 2005 LS430 with 170k miles should cost between about 11-14k.
You're the only one who can answer whether or not you'd rather have the cash. But I can tell you that the LS430 is one of the most undervalued cars for in America. What that means is that they're cheap to buy and painful to sell.
You've got a good head on your shoulders and some good assets. You can probably pay for a whole year of driving the car (gas, insurance, maintance) from two month's rent on your apartment. You can't beat that deal, and you'd retain the rest of your money and the bulk of your residual income for future investments.
The IS350 F-sport isn't that much faster than a 2004-2006 LS430. I don't have the specs off the top of my head, but they're going to be within half a second on the 0-60. Again, you're the only one who can decide whether that's worth it to you... but if you read around this forum, you'll see that many of the people here are driving the LS430 by choice and many say its the best car they've ever driven. Some of the owners here have had 600 horsepower Supras, Lexus LXs, Acuras, and every notable German brand plus Volkswagen, and even some LS460s, but here we are, learning how to take car of our 2001-2006 Ls430s.
The LS430 is a very special car, and the 2004-2006s especially since they're the most mature evolution of one of Toyota's most solid designs. Toyota spent about (modern day equivalent) $6 billion dollars and 4 years on the very first LS400s, and then they spent a decade refining, redesigning it, and massaging it into the LS430. A car that was the highest rated car in consumer reports until the LS460 and Tesla Model S, in addition to sweeping every JD powers (my least favorite quality ranker, but I digress) quality award it was eligible for.
Sounds like you have a sweet ride right now. You can get rims, an intake, an exhaust, and a mechanic to give it fresh fluids, probably keep the total below $4,000. At that point, you'll only need oil changes and a timing belt to hit 300k miles.
Do you drive your friends often? The ls430 is a much better passenger car than the IS350. I also guarantee the LS430 is faster with 3 passengers than the IS350
You're the only one who can answer whether or not you'd rather have the cash. But I can tell you that the LS430 is one of the most undervalued cars for in America. What that means is that they're cheap to buy and painful to sell.
You've got a good head on your shoulders and some good assets. You can probably pay for a whole year of driving the car (gas, insurance, maintance) from two month's rent on your apartment. You can't beat that deal, and you'd retain the rest of your money and the bulk of your residual income for future investments.
The IS350 F-sport isn't that much faster than a 2004-2006 LS430. I don't have the specs off the top of my head, but they're going to be within half a second on the 0-60. Again, you're the only one who can decide whether that's worth it to you... but if you read around this forum, you'll see that many of the people here are driving the LS430 by choice and many say its the best car they've ever driven. Some of the owners here have had 600 horsepower Supras, Lexus LXs, Acuras, and every notable German brand plus Volkswagen, and even some LS460s, but here we are, learning how to take car of our 2001-2006 Ls430s.
The LS430 is a very special car, and the 2004-2006s especially since they're the most mature evolution of one of Toyota's most solid designs. Toyota spent about (modern day equivalent) $6 billion dollars and 4 years on the very first LS400s, and then they spent a decade refining, redesigning it, and massaging it into the LS430. A car that was the highest rated car in consumer reports until the LS460 and Tesla Model S, in addition to sweeping every JD powers (my least favorite quality ranker, but I digress) quality award it was eligible for.
Sounds like you have a sweet ride right now. You can get rims, an intake, an exhaust, and a mechanic to give it fresh fluids, probably keep the total below $4,000. At that point, you'll only need oil changes and a timing belt to hit 300k miles.
Do you drive your friends often? The ls430 is a much better passenger car than the IS350. I also guarantee the LS430 is faster with 3 passengers than the IS350
07-18-14, 06:42 AM
#14
Racer
So you've finished grade 12 and you want a new ISF. Sounds about right. I agree the LS you were given and don't really want is not a great car for someone your age.
What ever you plan to do I strongly advise to check with your parents and get them to OK your decision first because if you do something that they don't like they might just take away what they have given to you and worse, STOP giving you more.
You are a lucky kid with very generous and wealthy parents. Don't ask a bunch of strangers what to do - ask your parents. And good luck with your real estate investing - it wont be hard to invest your parents money. Something tells me you won't have to do much borrowing, so it should be fairly simple.
What ever you plan to do I strongly advise to check with your parents and get them to OK your decision first because if you do something that they don't like they might just take away what they have given to you and worse, STOP giving you more.
You are a lucky kid with very generous and wealthy parents. Don't ask a bunch of strangers what to do - ask your parents. And good luck with your real estate investing - it wont be hard to invest your parents money. Something tells me you won't have to do much borrowing, so it should be fairly simple.
Last edited by Stu; 07-18-14 at 06:46 AM.
07-18-14, 08:07 AM
#15
On a sidenote , if you are interested in real estate and your family is already connected . You should consider a future as a real estate agent . Making 500k+ a year would mean you would never have to worry bout taking handouts and you could have any car you want . You only have to be 18 so you're less then a year away. If you need any more information then send me a message . As for the LS430 . You could always sell it and buy a used IS350 or something along those lines. A 15k dollar car would more then suit your needs right now