About a year ago I bought a new 2001 GS300 for price "X". A brand new GS430 cost $6000 USD more.

So if I were to now trade in my used 2001 GS300 for a used 2001 GS430 with comparable miles, would the price difference be the same?

Any thoughts?

 

Sounds logical enough.....but you will be trading yours for wholesale and paying retail for the GS430. So, there could be a greater difference than your original 6k. Just my thoughts, I could be wrong though.

 

If you trade in your GS to the lex dealer, be warned they will give you NEXT TO NOTHING for your car !

 

I suspect that the price difference will be considerably greater, since the dealer is looking to make money off your trade as well as the used vehicle that you are buying (as GScorpion said, trading at wholesale but buying at retail).

 

You have to know how to negotiate your trade and the price of the vehicle your purchasing and then you may be able to work a fair deal.

 

sell the car outright in your local newspaper, it will take a little longer but you are going to get top dollar for your car by selling it yourself to an individual and then pocket the extra money and go out and buy a Lexus from another individual and dont pay retail prices and dealership costs. just my .02 dinars

 

I agree with Erfan about selling your GS yourself via newspaper or some other means, but about buying a GS I would do that only through a dealer if you are buying used.

You could buy a low miles lease return that has been Lexus certified so that you can benefit from maximum warranty.

Good luck,

 

I could probably buy a used car from an individual than from Dealer. The used car price in the dealer is simply outrageous!! You have to work the deal very hard to get a "reasonable" price.
However, buying from individual do have greater risks, be sure the examine the car close in every details, and check the carfax report.

either way, do your study before u make any moves. This especially apply to the used car market

 

I don't have ANY faith in Lexus 'certified pre-owned'. They may check the car for obvious damage but there are people out there who lease cars and NEVER change the oil during the ENTIRE LEASE PERIOD. So the dealer gets it back not knowing this, does their check, and maybe they think the oil looks dirty and they change it. Then they buff it up, put it on the lot and sell it.

No thanks. The only way I'd buy a used car is from an individual that I get to look square in the eye AND I get to have the car checked over by someone I choose AND I get to see the service records.

 

That is what im talkin about, Bit is exactly right. You want to look that seller in the eye and say "is there anything your not telling me" " I would hate to see you end up dissapearing or somethin"

 

Keep in mind that you'll pay sales tax in your state if you sell your car yourself.

 

Dexter that is true, but i would rather pay the lower sales tax than get ripped out of $7K from the dealer on my trade.

 

Who wouldn't - but you can negotiate the tradfe just like the selling price - sure, you'll get more from a private party, but there is more work involved too.

 

I was under the impression that it is the buyer who pays says tax, not the seller, unless it is a leased vehicle and you are purchasing it from the finance company and then turning around and selling it. I know that if you do this is California, if you sell it within 10 days of buying it form the finance company, you do not have to pay the sales tax on it.

Maybe it is different in CA, but I have never had to pay sales tax on the SALE of a car. Always on the purchasing side.

Also, to other responses, I agree that time is money and unless you are world's apart (which you usually are when it comes to a dealer buying it), I would just price it right and it should sell in less than a week. The reason this things linger is because people want more than what the market is demanding, justified or not, and are afraid to price it thin.

 

Gsexploit, that is true, i never had to pay sales tax when i sold a car, when i buy one i pay tax. And the car should sell quickly if the price is right and advertised enough, but you are going to get alot more that trading it in. Tradeins are just rape in my opinion.