Looking to buy 2013+ LS460
#1
Looking to buy 2013+ LS460
My 2007 ES350 has served me well (166k miles) but it's time for something with more luxury.
I've been looking at Carmax, and some of the Lexus CPO listings.
Is there consensus as to the best way to acquire a used (but still under warranty) LS?
Does Lexus discount CPO cars if you look to drive a harder bargain?
Any other reasonable options like auction, or buying sight unseen elsewhere?
Thanks!
I've been looking at Carmax, and some of the Lexus CPO listings.
Is there consensus as to the best way to acquire a used (but still under warranty) LS?
Does Lexus discount CPO cars if you look to drive a harder bargain?
Any other reasonable options like auction, or buying sight unseen elsewhere?
Thanks!
#3
Pole Position
There are lots of opinions on the value or lack thereof when it comes to CPO - all of which have been discussed on this forum. Based on what you're going to spend when you look at a '13 or newer LS, I personally would sleep better buying one CPO from Lexus. On top of that, prior to buying it I would take it by a body shop and have them do an inspection to see if it has been wrecked - and if so, how badly (minor bumper replacement wouldn't concern me much). And you can definitely negotiate CPO cars- I drove a hard bargain on our LX570 CPO. I think you would overpay at Carmax from my experience of seeing what they offer in my state.
FWIW, I am going through something now withmy LX570 that I don't think would have been covered if I would have purchased an after-market 3rd party warranty. The CPO is $0 deductible and covers a ton of stuff. As these cars get more high-tech I personally feel better knowing I have CPO coverage (my repair will be somewhere in the range of $4k- typical value associated to CPO seems to be around $2k). Others will disagree with me and have valid arguments, but my personal experience has me lean towards paying for CPO.
FWIW, I am going through something now withmy LX570 that I don't think would have been covered if I would have purchased an after-market 3rd party warranty. The CPO is $0 deductible and covers a ton of stuff. As these cars get more high-tech I personally feel better knowing I have CPO coverage (my repair will be somewhere in the range of $4k- typical value associated to CPO seems to be around $2k). Others will disagree with me and have valid arguments, but my personal experience has me lean towards paying for CPO.
#4
Point taken on CPO.
But regarding pricing, maybe I'm missing something but CPO LS's seem to be priced well higher than carmax.
For example, this 2014 LS460 with 33k miles is $59k
Carmax has this 2014 with 22k miles for $50k
Every one I've looked at is $5-10k cheaper at Carmax.
How much off the listing price of a $59k CPO would I expect from the dealer? I've only bought cars private party and from Carmax, never direct from Lexus.
Thanks all - can't wait to upgrade to an LS!
But regarding pricing, maybe I'm missing something but CPO LS's seem to be priced well higher than carmax.
For example, this 2014 LS460 with 33k miles is $59k
Carmax has this 2014 with 22k miles for $50k
Every one I've looked at is $5-10k cheaper at Carmax.
How much off the listing price of a $59k CPO would I expect from the dealer? I've only bought cars private party and from Carmax, never direct from Lexus.
Thanks all - can't wait to upgrade to an LS!
#5
Pole Position
Point taken on CPO.
But regarding pricing, maybe I'm missing something but CPO LS's seem to be priced well higher than carmax.
For example, this 2014 LS460 with 33k miles is $59k
Carmax has this 2014 with 22k miles for $50k
Every one I've looked at is $5-10k cheaper at Carmax.
How much off the listing price of a $59k CPO would I expect from the dealer? I've only bought cars private party and from Carmax, never direct from Lexus.
Thanks all - can't wait to upgrade to an LS!
But regarding pricing, maybe I'm missing something but CPO LS's seem to be priced well higher than carmax.
For example, this 2014 LS460 with 33k miles is $59k
Carmax has this 2014 with 22k miles for $50k
Every one I've looked at is $5-10k cheaper at Carmax.
How much off the listing price of a $59k CPO would I expect from the dealer? I've only bought cars private party and from Carmax, never direct from Lexus.
Thanks all - can't wait to upgrade to an LS!
#6
Lexus Champion
iTrader: (1)
Point taken on CPO.
But regarding pricing, maybe I'm missing something but CPO LS's seem to be priced well higher than carmax.
For example, this 2014 LS460 with 33k miles is $59k
Carmax has this 2014 with 22k miles for $50k
Every one I've looked at is $5-10k cheaper at Carmax.
How much off the listing price of a $59k CPO would I expect from the dealer? I've only bought cars private party and from Carmax, never direct from Lexus.
Thanks all - can't wait to upgrade to an LS!
But regarding pricing, maybe I'm missing something but CPO LS's seem to be priced well higher than carmax.
For example, this 2014 LS460 with 33k miles is $59k
Carmax has this 2014 with 22k miles for $50k
Every one I've looked at is $5-10k cheaper at Carmax.
How much off the listing price of a $59k CPO would I expect from the dealer? I've only bought cars private party and from Carmax, never direct from Lexus.
Thanks all - can't wait to upgrade to an LS!
#7
Pole Position
Agree that the red 2014 is insanely overpriced (although it is an "L" which commands a premium). I live in FL and a Lexus dealer here has a 2014 black F Sport certified with 17k miles for $55k. That's lower miles and certified compared to the CarMax one. You can't negotiate CarMax, but you could negotiate on this one to close the gap a little.
Be patient and look around and you'll find the right fit. Also, totally agree on checking out KBB and NADA to get an idea of trade-in, private party, and retail values now so you can quickly skim prices to identify the outliers.
Be patient and look around and you'll find the right fit. Also, totally agree on checking out KBB and NADA to get an idea of trade-in, private party, and retail values now so you can quickly skim prices to identify the outliers.
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#8
Geez - though love around here. That's ok, I can handle it.
What i didn't realize is lexus CPO vehicles are listed all over the place, not just on the lexus CPO site. Thanks for the heads up.
Thanks for the comments, since I'm not in a hurry I can wait for the right car then pounce.
Now I just have to decide if I want the L or not. Sure would be easier to load up my 2 yr old daughter in the back. Not sure how many car seats these LS460s see!
What i didn't realize is lexus CPO vehicles are listed all over the place, not just on the lexus CPO site. Thanks for the heads up.
Thanks for the comments, since I'm not in a hurry I can wait for the right car then pounce.
Now I just have to decide if I want the L or not. Sure would be easier to load up my 2 yr old daughter in the back. Not sure how many car seats these LS460s see!
#9
Pole Position
Geez - though love around here. That's ok, I can handle it.
What i didn't realize is lexus CPO vehicles are listed all over the place, not just on the lexus CPO site. Thanks for the heads up.
Thanks for the comments, since I'm not in a hurry I can wait for the right car then pounce.
Now I just have to decide if I want the L or not. Sure would be easier to load up my 2 yr old daughter in the back. Not sure how many car seats these LS460s see!
What i didn't realize is lexus CPO vehicles are listed all over the place, not just on the lexus CPO site. Thanks for the heads up.
Thanks for the comments, since I'm not in a hurry I can wait for the right car then pounce.
Now I just have to decide if I want the L or not. Sure would be easier to load up my 2 yr old daughter in the back. Not sure how many car seats these LS460s see!
Also, the L is 5 inches longer in the back which will prevent your daughter kicking your seat for quite a while... I have twins and that was absolutely something of interest when I was kicking tires. Just make sure it will fit in your garage..! Also look into the air ride- I think that comes standard on the L (not sure) - and while I have read on here it offers a better ride, it can be costly to repair/replace if/when something goes wrong.
#10
Excellent feedback, thanks. Since my daughter isn't 2 years just yet, she isn't facing forward yet.
I checked my garage and I have at least 18" of space over where my ES350 sits, so no problem at all.
I did exactly as you suggested with Autotrader, but also with cars.com and carguru
I did see a bunch in Texas - so you are saying you'd buy without driving from those guys? I'm totally fine with that, assuming the warranty is in place and the seller is a high volume reputable seller. I didn't realize ebay was more like wholesale. Good to know.
My criteria are simple: 2013/2014 with less than 50k miles (so warranty). Parchment interior, white exterior. Flexible on options, though I'd prefer most/all of the goodies.
Was the texas shop this one?
http://stores.ebay.com/Texas-Direct-...p2047675.l2563
I checked my garage and I have at least 18" of space over where my ES350 sits, so no problem at all.
I did exactly as you suggested with Autotrader, but also with cars.com and carguru
I did see a bunch in Texas - so you are saying you'd buy without driving from those guys? I'm totally fine with that, assuming the warranty is in place and the seller is a high volume reputable seller. I didn't realize ebay was more like wholesale. Good to know.
My criteria are simple: 2013/2014 with less than 50k miles (so warranty). Parchment interior, white exterior. Flexible on options, though I'd prefer most/all of the goodies.
Was the texas shop this one?
http://stores.ebay.com/Texas-Direct-...p2047675.l2563
Last edited by salesguy; 08-23-16 at 11:49 AM.
#12
For what it's worth, you'll find the "parchment interior" LS460's to generally be less costly than other interiors.
That's what I found during my search... typically most folks want an interior where the stains aren't easily visible, so they don't shop for "parchment interior", as a result the prices may be a bit lower.
That's what I found during my search... typically most folks want an interior where the stains aren't easily visible, so they don't shop for "parchment interior", as a result the prices may be a bit lower.
#13
Pit Crew
You definitely need to shop multiple dealers. The place we got our CPO RX was asking at least $5K less than other nearby dealers on essentially identical cars. Whether you shop at the dealer with better prices or just use them to beat down a higher-priced dealer is up to you. I prefer shopping where they start out at a decent price; we didn't even visit the higher-priced stores.
I haven't shopped Lexus on Carmax, but their prices for other things I have looked at are noticeably higher than typical for franchised dealers, independents and private parties.
I would not buy anything without seeing it and driving it, and if you intend to own it outside of warranty, I would absolutely recommend paying for a thorough expert inspection. Finding someone who will check out a car as completely as if it were their own $50K being spent is something else entirely... Invest in the travel time (if out of town) and inspection cost, or take your chances...
I haven't shopped Lexus on Carmax, but their prices for other things I have looked at are noticeably higher than typical for franchised dealers, independents and private parties.
I would not buy anything without seeing it and driving it, and if you intend to own it outside of warranty, I would absolutely recommend paying for a thorough expert inspection. Finding someone who will check out a car as completely as if it were their own $50K being spent is something else entirely... Invest in the travel time (if out of town) and inspection cost, or take your chances...
#14
Pole Position
Excellent feedback, thanks. Since my daughter isn't 2 years just yet, she isn't facing forward yet.
I checked my garage and I have at least 18" of space over where my ES350 sits, so no problem at all.
I did exactly as you suggested with Autotrader, but also with cars.com and carguru
I did see a bunch in Texas - so you are saying you'd buy without driving from those guys? I'm totally fine with that, assuming the warranty is in place and the seller is a high volume reputable seller. I didn't realize ebay was more like wholesale. Good to know.
My criteria are simple: 2013/2014 with less than 50k miles (so warranty). Parchment interior, white exterior. Flexible on options, though I'd prefer most/all of the goodies.
Was the texas shop this one?
http://stores.ebay.com/Texas-Direct-...p2047675.l2563
I checked my garage and I have at least 18" of space over where my ES350 sits, so no problem at all.
I did exactly as you suggested with Autotrader, but also with cars.com and carguru
I did see a bunch in Texas - so you are saying you'd buy without driving from those guys? I'm totally fine with that, assuming the warranty is in place and the seller is a high volume reputable seller. I didn't realize ebay was more like wholesale. Good to know.
My criteria are simple: 2013/2014 with less than 50k miles (so warranty). Parchment interior, white exterior. Flexible on options, though I'd prefer most/all of the goodies.
Was the texas shop this one?
http://stores.ebay.com/Texas-Direct-...p2047675.l2563
#15
I wouldn't pay more than 35k for the LS. the body style is just a cosmetic upgrade compared to the 2007, mainly the front bumper and inteior. The body styling itself is getting very dated unless you mod it with some nice jdm wheels and a nice drop.
for 35k you can get a 2015 hyundai genesis 5.0 ultimate fully loaded, I think a new one at that.
for 35k you can get a 2015 hyundai genesis 5.0 ultimate fully loaded, I think a new one at that.