Can't wait for my lease to be up to I can get out of it... What my buy out is at vs. value is about $20,000. I rather keep the car for 2 years at this point to "break even". Learned lesson not to get a car with terrible value. I thought GS would hold value a lot better than the IS/ES but clearly I was wrong.

 

Trading cars early is very expensive, especially if you buy brand new.

 

In general you need to keep a car 6+ years to make purchasing worthwhile. I always planned to keep my GS 6 years but we'll see how resale value is. I'm on year 3+ now.

 

While unfortunate, for those of us looking to jump into the CPO pool this is good news. Although I have been watching the CPO market near me (NJ) and it hasn't seem like it has changed significantly. If anything prices seemed to be more aggressive 4-5 months ago when I first started looking around. I figured I would be looking at Sept-Oct for prime striking time.

Does the ES hold onto it;s value any better?

 

New car... off lot...not new car. By a lot too...

Exactly why we have gap insurance....

You don't step into the lease-life then jump out of it without losing your ***. It's a trap.

 

A little better, the basic 2015's dropped down about 10k this year, but there are a lot of them as well coming off leases and ex loaner fleet vehicles.

 

Purchasing requires you to hold on the car for a longer time to make-out on the value/usage/loss proposition. The CPO market is booming with 4GS's, especially flooded with '13s and '14s that have come back from those leases. Even seen Lux pkg 4GS's for under $30k. I bought an off-lease CPO 4GS for 32k last year.

The GS depreciates like hell in the first 3 years though - its kinda shocking at first but this is the case with most cars anyway...

 

Echoing what is said above, 3 year is typically the sweet spot in looking to buy a used car because there are so many coming off lease in addition to private sellers, trade ins etc. So the supply for used is usually the richest at 3 years. If you are a buyer, this is what you want to look for.

 

What would you consider a '3 year' GS coming off a lease right now? Are we talking a '13 or '14 model (or does it just depend on inservice / lease date)?

I have seen several '13 Lux package GSs in my market but I have a hard time buying a car that is going on 4yrs old. Still, prices are pretty low, even on low mileage models...

 

Usually I go by the first time the car was registered (typically 1st registered in the same year the car was manufactured). This data is in the CarFax report for sure. There are definitely early build '13 Model Year GS's that were manufactured and first registered/sold in 2012. Keep that in mind when looking at a '13 because it could have a little more wear/tear on it.

Even with that said, a 3 or 4 year old GS with low mileage is still a better value than similarly equipped competitors in the segment that are also 3 or 4yrs old. Lexus' CPO program is also pretty good in comparison to others. The sweet spot really is now to get into the newer body style ' 4GS for under $30k (https://www.cars.com/vehicledetail/d...3457/overview/) and for it to still be the "newer body style" for a couple more years to come.

 

I would say a '13 model...but if you are shopping around. Doesn't hurt to look at '14's for comparison.

 

Yep, that's what I do. I know I am always going to be wanting a different car every few years so I finally just started leasing and realized I am always going to have a payment.

One other factor causing the low demand for sedans is low gas prices. Many people have jumped into SUVs that had switched to cars when gas was $4 a gallon.

 

Not sure I follow this. If you wait until your lease is up, you pay the $350 disposal fee and walk away and can go purchase whatever you want. Now, if you want to walk from the lease early, yeah, I can see how you could lose your *** there.

 

LOL, I fit this description. I'm leasing my iPhone and upgrading after 18-24 mos. It's the typical consumer lifestyle.
/smh

 

Nothing has dropped that far near me yet, I guess I'll have to wait till Novemberish. Most of the GS around here (CO) are around 34k to 36k for a 14 model. I'm hoping to get into a 13' F Sport for right around 30