Depreciation Shock
Lead Lap
Joined: Nov 2008
Posts: 504
Likes: 0
From: Vancouver, BC
Looking at the local ads here, than are only 2 GS 350s:
2008 GS 350 w/NAV 38,200km $48,800
2009 GS 350 w/NAV/ML 1,480km $57885
These are all non-CPO.
I'm pretty sure they will sell close to that, as you can barely find a GS unless you go to the US or another province.
2008 GS 350 w/NAV 38,200km $48,800
2009 GS 350 w/NAV/ML 1,480km $57885
These are all non-CPO.
I'm pretty sure they will sell close to that, as you can barely find a GS unless you go to the US or another province.
Pole Position
Joined: Apr 2008
Posts: 2,249
Likes: 7
From: FL
i got gs350 new last oct 07 week before my birthday....i looked around used s-class but didnt find any since it just came out...
only thing bothers me now is that i paid my car cash and i am seein all these car companies offerin 0% finance...
anyways, lexus still hold its value like no other in my opinion...
only thing bothers me now is that i paid my car cash and i am seein all these car companies offerin 0% finance...
anyways, lexus still hold its value like no other in my opinion...
Racer
Joined: Aug 2006
Posts: 1,635
Likes: 3
From: Las Vegas
I have to admit I was very upset about this fact as well. I have seen my car plummit in value since I bought it brand new in 2007. I thought Lexus was supposed to hold its value a bit better than an American car.
The long term test from Road & Track magazine on the 2008 Lexus ISF shows that the car lost $20,678 in value in 1 year. Thats like 37% decrease in value in one year . I know all cars are going to lose value immediately off the lot, but 37% in 12 months. OUCH!!!! I guess in the future I will buying CPO Lexus vehicles because of this. I dont think the German cars other than Mercedes will drop in value this quickly
The long term test from Road & Track magazine on the 2008 Lexus ISF shows that the car lost $20,678 in value in 1 year. Thats like 37% decrease in value in one year . I know all cars are going to lose value immediately off the lot, but 37% in 12 months. OUCH!!!! I guess in the future I will buying CPO Lexus vehicles because of this. I dont think the German cars other than Mercedes will drop in value this quickly
Driver
Joined: Oct 2008
Posts: 127
Likes: 0
From: WI
This is why I got our '06 instead of anything newer, that and I don't think we could have afforded anything more 
Last year it seemed to be the sweet spot for depreciation. It hasn't lost must of anything in a year it's still going for $26,100 wholesale and I paid slightly over $27 for it.
Last year it seemed to be the sweet spot for depreciation. It hasn't lost must of anything in a year it's still going for $26,100 wholesale and I paid slightly over $27 for it.
Kind of figured that. He started with $28K and bump it to $30 if I bought car I was looking at. He didn't discount selling price so He was probably playing with the numbers.
Lexus Champion
Joined: Jul 2009
Posts: 3,277
Likes: 3
From: USA
I don't think that's rapid depreciation. I was considering a used 550i earlier this year, before I bought my GS460. BMW dealer offered me a CPO 2007 550i for 33,000. So compared with that the Lexus GS is a rock solid asset.
I was looking at a 2006 BMW M5 with the V10 as a slow"ER" daily driver 
. Those things sold for easily $100-110k+ new with options, title, and tax. You can pick up a great condition one right now with around 50k miles for $40k. That's gotta hurt big time, but great for me 
. Those things sold for easily $100-110k+ new with options, title, and tax. You can pick up a great condition one right now with around 50k miles for $40k. That's gotta hurt big time, but great for me
Pole Position
Joined: Apr 2008
Posts: 2,249
Likes: 7
From: FL
I was looking at a 2006 BMW M5 with the V10 as a slow"ER" daily driver . Those things sold for easily $100-110k+ new with options, title, and tax. You can pick up a great condition one right now with around 50k miles for $40k. That's gotta hurt big time, but great for me
. Those things sold for easily $100-110k+ new with options, title, and tax. You can pick up a great condition one right now with around 50k miles for $40k. That's gotta hurt big time, but great for me 
I was looking at a 2006 BMW M5 with the V10 as a slow"ER" daily driver . Those things sold for easily $100-110k+ new with options, title, and tax. You can pick up a great condition one right now with around 50k miles for $40k. That's gotta hurt big time, but great for me
. Those things sold for easily $100-110k+ new with options, title, and tax. You can pick up a great condition one right now with around 50k miles for $40k. That's gotta hurt big time, but great for me 
Lexus Fanatic
Joined: Nov 2008
Posts: 14,100
Likes: 1
From: tech capital
Cmon guys, trade in value is always low. You will rarely get a great trade at a dealer. Take 5 min to look at the cars on Lexus lots. GS 300s are going for 30k. Used car lots have lower prices.
It depreciates no worse than the Germans. Want a heart attack? Price a 545 or 550 with a MSRP of 70k and see what the price is today. Price a AMG car.
As Henry stated, Luxury cars depreciate a lot if you buy new.
It depreciates no worse than the Germans. Want a heart attack? Price a 545 or 550 with a MSRP of 70k and see what the price is today. Price a AMG car.
As Henry stated, Luxury cars depreciate a lot if you buy new.
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