sharmila19

what would you recommend....?
If I am looking at about 10K miles on 2013, .how much would I save with 2013 compared to new 2014?
Thanks.....

krava

would like to know that myself. trying to get a 2013 down to around 30K

Drag0na5h

Not sure where you guys are, but northern CA has a Concord dealership offering $6000 off 2014 es350's. Showed my local NorCal dealership that email ad and got the same plus $500 on top this Saturday. Chose a white 2014 es350 with 5 miles on the odometer Premium pkg + Luxury pkg options that included navi, bsm, parking sensors, heated and cooled tan leather seats, maple wood trim and steering wheel, smart entry w/ push button start, 17" optional multi spoke wheels, rain sensing wipers and de-icer with sticker price of $43,200. Out the door after $6500 discount and tax/fees for about $40,370. We originally were looking at a used 2013 model same color and options with the addition of a rear power sunshade and black leather that had 14k on the odometer for $38,000. They were only willing to go down to $37,500 on that used one. So basically a used 2013 should be around $5,700 cheaper comparably equipped. I have to add that it was a certified used lexus with their certified warranty of 3 years from purchase or 100k miles. They charge about $2500 for that certified warranty. So if you got a used one that wasn't a certified used you could save $2500 more. Which I was able to confirm via Carmax.

Flyer100

I am also in the Bay Area. Could you let me know which dealer gave you the $40,370 price? Also, just to make sure I am clear on the pricing...that price was out the door and included TTL..correct?

Thanks.

sharmila19

I am in the North east area...am getting quoted 34500 for 2013 with Navi and premium package, about 15000 miles..

Drag0na5h

Got it at Sacramento Lexus off Fulton Avenue. Yep 40,370 OTD with TTL included. However this was 4th of July weekend... not sure if Concord Lexus still has their $6000 off promotion, but if so Sacramento Lexus said they price match for sure. And I'll note again if I haven't already that we had to show them the email with the $6000 discount from Concord Lexus before they told us they could do it at that price.

Drag0na5h

That's about 4k cheaper than something comparable here in CA. Typical pricing somewhere in the 38.5K + range used 2013 w/ navi & 10-15K miles. What's the tax where you are?

sharmila19

8%, but these are loaner vehicles

Drag0na5h

Same same here. 8% tax and loaner for 38k used w/ 15,000 miles. Except Lexus "certifies" them with a limited extended 3 year or to 100,000 miles from new date of purchase. Except that's not free, instead it's an extra $2500. To me a Lexus shouldn't need that extended warranty and thus it's pure profit gain for the dealership. However if it's piece of mind to the consumer then it's a win win.

lesz

I've read from multiple reputable sources that profit margins for Lexus and other manufacturers on CPO vehicles are significantly higher than they are for either new vehicles or for other used vehicles.

The amount of "reconditioning" done to a CPO vehicle is a lot less than many people would expect. Essentially, after the vehicle is inspected, if it is in need of more than very minimal reconditioning, it will be sold as an ordinary "as is" used car and not as a CPO vehicle. And, since the original new car warranty is transferable, the amount of additional CPO warranty coverage is not nearly as great as it would, at first glance, seem to be. Essentially, when a vehicle is designated to be a CPO vehicle, they are betting on the odds that, during that period of the extended CPO warranty, there will be no repairs needed whose cost exceeds the addition price premium added for CPO designation, and, with the vast majority of CPO vehicles, any warranty claims will fall far short of that additional price premium.

That said, I did buy one CPO vehicle a number of years ago. I drove it for 5 years and put about 75,000 miles on it without the need for anything beyond normal maintenance. I'm not sure that the price premium that I paid for the CPO designation was a "good deal", but I have no regrets about the purchase.

Drag0na5h

This pretty much explains why they aren't willing to budge on the CPO sticker price. So if you can live with it being about $5k less and 1 year older than the newest one they have on the lot with 10k+ miles on the odometer then it's a typical CPO deal. Having driven our 2014 ES350 for about a month now, we are already considering replacing it. The fact that we got that $6k discount on the sticker price will make it less "negative" on a trade-in or sale based on KBB estimates which doesn't even list the 2014 used prices yet.

alex1372

Why don't you like your 2014 ES?

Drag0na5h

It's not that the ES is bad in anyway, my wife has been driving a Sienna for a year since switching from a E-Class previously and finds the lower entry difficult at times. We were going to wait a few more years for the Sienna lease to end before switching that with an RX, but looks like she prefers having both! I disliked the idea of getting a lesser car in the RX in regards to tech, but if it saves my wife's back I'm all for it. Plus we're planning for a second addition to the family soon so it'll work out better. From the two days I've actually driven the new ES I can say tech-wise I feel very confident navigating anywhere new and backing out at night with confidence. We live on a circular street and the rear cross traffic alerted me of a car 3-4 seconds away on the bend, amazing. Power-wise it's sufficient for how I drive, although I'm much more comfortable in SPORT-Mode. I'm biased toward RWD anything too so that doesn't help. Cabin space-wise I think it's excellent, although I'm not sure if it's due to the long wheel base, but sitting in the back seat makes my stomach turn 10x's faster than any other sedan I've rode in the past. My wife vomited 30 mins into me driving while sitting in the back, but has never vomited in the same situation in our shorter E-Class. All in all great car with plenty of day to day tech needs.