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How come 2yrs ago I bought my 2yr old gs for the same as a 15 with less miles
its disgusting how LEXUS RVC does business. They are selling a "15 for the price I bought my 13.And didn't budge a penny on the price. I've learned how shady they really are. I guess this a rant but also want to let everyone be aware of what's going on whose in the market for a gs. Am kind of at the edge with this car and plan to trade in for a Chevy Silverado Ltz 14/15 slightly over 30k miles.
When you bought your '13 two years ago, it was still the current body style, and remained so for almost 2 years.
Today, when you buy a '15, it is immediately viewed as the "previous generation" by many given the mid model updates on the '16. Not to mention, there are also many more 13/14/15 cars waiting to be bought now, so supply and demand naturally drives the cost down.
The car you posted has 9k miles and was registered as a commercial car, so who knows exactly what that meant for its driver history. It was returned in 9 months and has been offered for sale for over 3 months now. It's a base AWD model, doesn't look like any bells & whistles.
You really have to consider both the car and the seller when looking around. I've been looking at GS 350s with the Luxury Package, and this is what I came up with over the past two days (sorted by price, ascending).
The cheapest car is from a dealer that sells (and openly says so on their site) flood damaged and insurance repo cars. Would I feel safe buying a car that had been in any kind of flood? Nope. More than likely I'll stick with CPO cars, but I still like to have price comparison, if only to keep track of the market.
I really have no need for a new car right now, so I may just track this thru the New Year to see how all the lease returns affect pricing. It's nice to know that I can get what I want for $35k, and have a warranty.
The GS is already into its mid-cycle refresh. Anything prior to '16 is considered "older" thus immediately losing value. The '15 and '16s are going to lose even more value once the year turns and we hit 2017 so dealers are trying to make the pricing as competitive as possible.
Depreciate is inevitable with a car - its def. one of the downsides of the ownership experience. Nonetheless, most folks don't really consider depreciation a top priority when purchasing (its usually reliability/cost/mpg/exterior and interior styling).
Maybe leasing might be something to consider to avoid "feeling" the depreciation factor.
The GS is already into its mid-cycle refresh. Anything prior to '16 is considered "older" thus immediately losing value. The '15 and '16s are going to lose even more value once the year turns and we hit 2017 so dealers are trying to make the pricing as competitive as possible.
Depreciate is inevitable with a car - its def. one of the downsides of the ownership experience. Nonetheless, most folks don't really consider depreciation a top priority when purchasing (its usually reliability/cost/mpg/exterior and interior styling).
Maybe leasing might be something to consider to avoid "feeling" the depreciation factor.
Leasing is one way, not buying cars is another, and buying and keeping them long-term is another. At one point people said "buy if you plan on keeping it > 7 years" due to depreciation. Sure, some depreciate faster than others -- typically luxury cars and unreliable ones (Mazda RX-8, anybody?) take it the hardest. But unless it's a car that becomes a classic & has a bathtub curve of value over time, it'll end up being worth $2000 trade-in some day.
10-20-16, 09:20 PM
How come 2yrs ago I bought my 2yr old gs for the same as a 15 with less miles
