resale value comparison
#1
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resale value comparison
I know this in an odd question
I am looking at a 2007 ls460 and a 2008 IS-F both have close to 60k miles and both are priced at about $34.000
I usually only keep cars for a couple years
My question is which vehicle will hold it's value over the next 2-3 years at approx 12,000 miles per year
What do you think the value for each will be in 2-3 years
I have already had 2 GS's ans an SC wanted to stay in the lexus family with something else
I am looking at a 2007 ls460 and a 2008 IS-F both have close to 60k miles and both are priced at about $34.000
I usually only keep cars for a couple years
My question is which vehicle will hold it's value over the next 2-3 years at approx 12,000 miles per year
What do you think the value for each will be in 2-3 years
I have already had 2 GS's ans an SC wanted to stay in the lexus family with something else
#2
Lexus Test Driver
thats a tough one but I think the both will keep there value the same being that the isf might be a little cheaper because it is a performance car and they tend to drop in value after a certain amount of miles I believe that with lexus the dip and then stay steady.... but that is tough choice. I am going to say the LS will keep the value.
#3
Lexus Fanatic
i agree. I would say it would be even. If anything the ISF may be a touch better because they are less common and generally luxury cars with very high mileage are less desirable
#4
Here's what I would do.
Go to Edmunds and price out both vehicles for 2010, and then price them out for 2007. Then calculate the percentage decline in value for both vehicles. That will probably give you the best estimate of which vehicle will lose the most value in the next 3 years.
Of course the rate of decline will probably slow in the next 3 years, but relative to each vehicle it should remain about the same.
Go to Edmunds and price out both vehicles for 2010, and then price them out for 2007. Then calculate the percentage decline in value for both vehicles. That will probably give you the best estimate of which vehicle will lose the most value in the next 3 years.
Of course the rate of decline will probably slow in the next 3 years, but relative to each vehicle it should remain about the same.
#5
So did you do any research?
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