Overpriced Used IS300's
 

I saw this really cool little IS300 at the Lexus Of Annapolis (Maryland) dealership last night. I went and test drove it and everything and I really liked it.

The car was two years old with 22,000 miles on it and they wanted $28,000 bucks. No Nav or anything, just a normal 2002 5 speed IS300. So I look at the brand new 2004 IS300's with 0 miles on them, and they are $30,000.

They were VERY FIRM on their prices. The salesman was like, "I don't understand why anybody would buy this car for 1500 dollars less than a brand new one, either."

Agreed
 

I also noticed how overpriced most of the used IS 300s are around the tri-state area. Even more surprising are the ones with high mileage on them :eek2: Maybe one part of the reason why these sedans retain most of their original value is the fact that they were introduced only 2 years ago (in 2001). If you wait like 3-5 years later, you'll see the prices start dropping down at about the same rate as the next-to-current SC and ES. Just my $.02.

Could also be because of the 5-speed. There aren't that many used sticks out on the market since it was introduced in a later model year.

That Murphy Guy
 

Yes, and due to Murphy, the value of the car will not drop until the day AFTER I buy the car. Not one second before.

But I would still never buy a used car with 20k when a brand new one is sitting right next to it for a couple bucks more.

That's what my friend says too. He would rather pay 2K more and get a new one.

Ed