View Poll Results: What's would you pay?
$2700, still a bargain
2
28.57%
$2000, going to need some money for repairs
4
57.14%
$1500, good fun for a few months
1
14.29%
$0, Stay away
0
0%
Voters: 7. You may not vote on this poll
What's it worth? 2002 Gs430, 218k miles
#1
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What's it worth? 2002 Gs430, 218k miles
Hi everyone,
I'm looking to purchase my first Lexus as a nice alternative daily commuter for rush hour. But my budget is quite limited, but I do have other vehicles too right now.
I came across a local 2002 gs430, with 218,000 on it. Body and interior seem nice, no rust. I know the engines are supposed to be great in these, but too many miles to throw any money at?
What do you think I should offer for this? He's asking $2700
Thanks!
I'm looking to purchase my first Lexus as a nice alternative daily commuter for rush hour. But my budget is quite limited, but I do have other vehicles too right now.
I came across a local 2002 gs430, with 218,000 on it. Body and interior seem nice, no rust. I know the engines are supposed to be great in these, but too many miles to throw any money at?
What do you think I should offer for this? He's asking $2700
Thanks!
#2
Lexus Test Driver
I just helped my brother-in-law purchase a 1998 GS300 with 282,000 miles for $3k, so I would say you're in the ballpark. Keep in mind we were looking (and found) a one-owner car with all maintenance up-to-date. The timing belt, fuel pump and all other major work was done at the Lexus dealer. Interior was in great shape, too.
The following users liked this post:
tiguy99 (02-22-17)
#4
To me if it is a nice car the price is good. I paid more for one with more miles and have regretted it. Great cars. However, it is due for 2nd timing belt change. Mine now has 322000, so there should be plenty of miles left.
#5
Pole Position
I just helped my brother-in-law purchase a 1998 GS300 with 282,000 miles for $3k, so I would say you're in the ballpark. Keep in mind we were looking (and found) a one-owner car with all maintenance up-to-date. The timing belt, fuel pump and all other major work was done at the Lexus dealer. Interior was in great shape, too.
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#8
If you look at NADA there is a wide variation in value based on condition. Makes sense as paint, interior work, and deferred maintenance quickly can add up to more than $2500. If a G2 GS430 is what you want, and they are awesome cars, paying extra to get the best example is smart. These cars were $50,000 + new, even a 200,000 mile one in great shape has lots of good miles left. Find one that is clean inside and out, be prepared to catch-up on maintenance, and enjoy. Don't walk away from a really good example over a few hundred bucks. Just make sure it is a good one.
#9
Pole Position
iTrader: (3)
If you look at NADA there is a wide variation in value based on condition. Makes sense as paint, interior work, and deferred maintenance quickly can add up to more than $2500. If a G2 GS430 is what you want, and they are awesome cars, paying extra to get the best example is smart. These cars were $50,000 + new, even a 200,000 mile one in great shape has lots of good miles left. Find one that is clean inside and out, be prepared to catch-up on maintenance, and enjoy. Don't walk away from a really good example over a few hundred bucks. Just make sure it is a good one.
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