The fact that Lexus vehicles are somewhat reliable has no bearing on the value of the car. You are competing with other Lexus IS 350s of similar years, mileage, and options. The fact that you do not have the luxury and nav packages makes your car worth less than those that do, about $3k less for that matter.

Your best bet is to do your research: look at Edmunds, followed by websites like Auto Trader and Cars.com. This will give you a ballpark. This is what I did to give you a ball park price in my previous post. Your next step will be to take the car to dealerships to get a few offers. Remember that they will low ball you b/c business is business and they will need to make a profit of a few grand.

 

VTsuckah While it has no nav - it DOES HAVE " premium Package", "X package", " preferred accessory package", "rear lip spoiler", "high intensity healdlights"," 2 year lexus extended Platinum warranty"

i could find no other cars like this to compete with???? so i would assume i will get an additional 3K . is that correct?

 

No. The "X" package that is present in your car only provides different 5 spoke wheels, illuminated door sills, sport suspension (stiffer shocks/springs), aluminum gas/brake/dead pedals, and a front lip. You are missing many of the desirable options found in the luxury packages and nav package. i.e. no heated/cooled memory seats, no rain-sensing wipers, no auto dim/tilt side mirrors, etc.

The fact that you do not have navigation alone will detract from the price tag of the car. To dealerships and independent used car dealers, the other items that you have listed are of no consequence. No navigation will decrease the market value of your car $2-3k as compared to a like year and like mileage model with navigation.

Take the car to a local Carmax to see what they would pay you for it. That'll give you a good data point to start with when you get around to selling the car.

 

Just got back from the dealership today. My wife and I traded in our 2008 IS250 for a 2006 IS350.

Here was the pricing that we got on both vehicles (when we bought the 2008).

We bought the '08 about 1.5 years ago. It was a base, but the interior was clean. We paid 17k out the door... it had 105k miles.

Today, we traded in the '08 for 11.5k and got the '06 350. Out the door we spent 15,350. It only has 77k miles on it, and in addition it has all the nice features (Nav/Heat and cooled seats/HID/Rear Sunshade). However, two downsides to it... it has had 2 insurance claims on the car about 2 years ago. One of which, I believe to be a minor issue. The other was actually reported in an accident, The carfax said damage to the rear and either to the front/side. It is a clean title and not a salvage. In addition, the interior is not as clean as the IS250.

And the 2 best things about the new IS350... It is white (versus black).... and it has 100 more horsepower.

The accident does worry about future resale though... Any thoughts?

 

Hi everyone,

Just wanted to get some of your guys experienced input on the pricing of this CPO 2012 IS 250. Priced at $30,888. How does it sound? TIA for you input.

Description
CERTIFIED 1-Owner IS 250 with NAVIGATION and Lexus Certified, LOW MILES - 23,371! Heated Leather Seats, Moonroof, iPod/MP3 Input, Satellite Radio, Keyless Start, Multi-CD Changer, Premium Sound System, NAVIGATION SYSTEM. IS 250 trim.

KEY FEATURES INCLUDE
Sunroof, Premium Sound System, Satellite Radio, iPod/MP3 Input, Multi-CD Changer, Aluminum Wheels, Keyless StartKeyless Entry, Remote Trunk Release, Steering Wheel Controls, Child Safety Locks, Heated Mirrors.

OPTION PACKAGES
NAVIGATION SYSTEM: HDD navigation, LCD screen, back-up camera, Lexus Enform w/1-year trial subscription, destination assist, eDestination, auto collision notification, stolen vehicle location, emergency assistance button, enhanced roadside assistance, Lexus insider, voice command, NavTraffic, NavWeather, Sports & Stocks, DYNAMIC AUTO-LEVELING HID HEADLAMPS W/DAYTIME RUNNING LIGHTS, PREMIUM PKG VALUE EDITION: perforated leather seat trim, heated & ventilated front seats, wood interior trim. IS 250 with Obsidian exterior and Black interior features a V6 Cylinder Engine with 204 HP at 6400 RPM*.

DRIVE WITH CONFIDENCE
CARFAX 1-Owner 161-Point Inspection and Reconditioning, 24-Hour Roadside Assistance, 3-Year/100, 000-Mile Warranty from date of pre-owned sale, NO Deductible, Rental Car, Trip-Interruption Services

 

^Keep looking, Im sure you can find a 350 for that kinda money!

 

Thank you for your response. In you opinion, what price would the well informed buyer from this forum will be willing to pay for that spec'd car?

 

You know what! I have a 2012 IS250 same mileage 1 year ago. I have all these features + F Sport package + F Sport accessories (intake 450 MSRP + exhaust 1400 MSRP) + clear bra front (600) + 100,000 miles/8 years warranty (almost $2000). The dealer offered $26k a year ago when I wanted to trade in for the IS350 F Sport 2014.
That is 1 year ago and they only offered 26k for my trade in. I said NO and keep the IS250 and bought the used IS350 instead.

30k for the car you mentioned is an overprice. I would say it should be in the low 20ish from a dealer.

 

Thank you for your insight!

 

So a good deal would be 10-15% off the KBB dealer CPO value? Aka $25k-$27k?

 

Yeah, that sounds about right. Have you also considered older year with more mileage on IS350? You can get the IS350 in your 25k-27k budget.

 

I just picked up a 2007 IS350 Luxury Package for $13,500
Clean Title
One Owner
Only Lexus Serviced from day 1
Those door sills though ^_^ nice touch

 

Didn't notice this thread before, but thought I'd post my details for posterity.

2010 CPO IS 350
Obsidian/Black
33,000 Miles
Luxury Plus Package
Navigation
Wheel Locks
Trunk Mat
1 owner, no accidents or paint work, perfect condition inside and out

$26,500

 

jsh139, congrats, you get a STEAL!!! Who is the seller??

 

Thanks! I know it. Bought it from Lexus of Wilmington. Price was originally $29,778. RWD cars do not sell that well around here when an equivalent AWD version is available so I used that to my advantage!