GS F Sports lemon ???
#1
Instructor
Thread Starter
GS F Sports lemon ???
Was helping a friend look for cars we saw one for a very good price super clean and low miles. When pulled up the Carfax came up a lemon, I was kinda surprised these cars are built soo well what makes it lemon. Any ideas.
#5
Instructor
Thread Starter
Originally Posted by rld14
Buyback?
Airbag Deployment?
Frame Damage?
What is this thing like $18,995 or something?
Airbag Deployment?
Frame Damage?
What is this thing like $18,995 or something?
#6
Instructor
Thread Starter
Originally Posted by dano
Let's see....it was declared a "lemon" after there was structural damage and air bag deployment? Hmmm...really surprised Lexus fell for that.
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#8
That being said this car has the Triumvirate of awful.
Let's start with the Lemon, the car was likely a goodwill buy back and not an actual lemon law, Lexus will generally buy a car back from a customer before that actually happens. When this happens most all manufacturers will brand the title to the car regardless as they're usually more concerned with transparency and liability than a few dollars.
I would say that, in my experience, a Lemon Law/Buy Back branding on a title isn't as bad as a salvage branding but not much better. Rough rule of thumb 30% value hit. A car like this does, what, $28K at auction? So this makes it a $20K car.
A dirty carfax alone is a 10% hit.. Structural damage with airbag deployment? 30%.
Do I think this car is worth $13-14K? No.. but as a trade, if I were appraising it... as an F-Sport.. I dunno... $10-12,000 hit on value.
$26K is too much IMO, these things with frame damage and without branded titles usually sell for $26-28K or so depending on the Carfax.
#9
Lexus Test Driver
The timing of the accident and lemon buyback don't matter to me. Carfax has alot of bad or late data, so you can't try to form a story from their data.
I'd guess it was a fairly serious accident and the owner took it to the dealer to get it all fixed. Then, the problem persisted, or other problems occurred, and after 2 or 3 more trips to the dealer, the customer gave up and the dealer bought it back and stamped a lemon on it. That's just the most likely explanation if you ignore Carfax's timeline.
Regardless of timing, a lemon is a lemon, and if it has gremlins the dealer couldn't fix after multiple repairs, I sure as heck wouldn't want to buy it. I'd buy a salvage first.
I'd guess it was a fairly serious accident and the owner took it to the dealer to get it all fixed. Then, the problem persisted, or other problems occurred, and after 2 or 3 more trips to the dealer, the customer gave up and the dealer bought it back and stamped a lemon on it. That's just the most likely explanation if you ignore Carfax's timeline.
Regardless of timing, a lemon is a lemon, and if it has gremlins the dealer couldn't fix after multiple repairs, I sure as heck wouldn't want to buy it. I'd buy a salvage first.
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shabbyblue
GS - 2nd Gen (1998-2005)
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03-15-12 09:06 PM