navigation opinions
I think the NAV is great and I'm really glad I have mine, but it's questionable whether it adds resale value, as options tend to depreciate faster than the main car...
You'd pay 60% of MSRP for the engine and the chassis for a 3 year old car, but I'm not sure you'd pay 60% of $2500 for a 3 year old Nav interface... Same for the packages... When it's your turn to sell the car, are you going to be able to command the proper residual for those knowing that it's somewhat overpriced to begin with?
However, that might be offset by the potential population you can sell to being larger, which has a positive effect on the selling price. Hard to say.
You'd pay 60% of MSRP for the engine and the chassis for a 3 year old car, but I'm not sure you'd pay 60% of $2500 for a 3 year old Nav interface... Same for the packages... When it's your turn to sell the car, are you going to be able to command the proper residual for those knowing that it's somewhat overpriced to begin with?
However, that might be offset by the potential population you can sell to being larger, which has a positive effect on the selling price. Hard to say.
Of course the value of the system or packages goes down as well. you're not going to be able to get 2K+ everytime more for a car with NAV than a car with out it. But if there is two cars lined up side by side same options/miles/year but one has NAV, the NAV will 1. sell for slightly more 2. sell faster. That is pretty much guaranteed.
Reading the edmunds dealer prices forum, alot of people purchased vehicles without Nav too. We are on a forum here so I think people here tend to be more with computers and technology.
I think Nav units will start showing up from salvaged cars later on, I think someone will figure out how to swap these into non-Nav cars here.
Of course the value of the system or packages goes down as well. you're not going to be able to get 2K+ everytime more for a car with NAV than a car with out it. But if there is two cars lined up side by side same options/miles/year but one has NAV, the NAV will 1. sell for slightly more 2. sell faster. That is pretty much guaranteed.
Car A and Car B are identical except one has NAV and the other doesn't. Condition, mileage, color, etc are all the same.
Car A MSRP is $30K. Car B is $32K because of the NAV.
2 years later, Car A can be had for 20K. Car B for 21K.
Car A has a higher resale value in this case even though B has a higher price. Considering how good (and relatively cheap) handheld units are going to get in 3 years, it's not an unreasonable assumption to say that the used in-car NAV will have trouble holding its value relatively to the rest of the car.
OK I officially regret not getting the Nav now.. reading the other thread alot of members already paid for the car in full .. I am in a different situation trying to keep the car under $30K and payment reasonable..
I guess maybe next Lexus I buy I will go for the Nav!! Everything else about the 2IS makes me very happy though.
I guess maybe next Lexus I buy I will go for the Nav!! Everything else about the 2IS makes me very happy though.
I think you misunderstood my point. Here's a generalized example to say what I meant.
Car A and Car B are identical except one has NAV and the other doesn't. Condition, mileage, color, etc are all the same.
Car A MSRP is $30K. Car B is $32K because of the NAV.
2 years later, Car A can be had for 20K. Car B for 21K.
Car A has a higher resale value in this case even though B has a higher price. Considering how good (and relatively cheap) handheld units are going to get in 3 years, it's not an unreasonable assumption to say that the used in-car NAV will have trouble holding its value relatively to the rest of the car.
Car A and Car B are identical except one has NAV and the other doesn't. Condition, mileage, color, etc are all the same.
Car A MSRP is $30K. Car B is $32K because of the NAV.
2 years later, Car A can be had for 20K. Car B for 21K.
Car A has a higher resale value in this case even though B has a higher price. Considering how good (and relatively cheap) handheld units are going to get in 3 years, it's not an unreasonable assumption to say that the used in-car NAV will have trouble holding its value relatively to the rest of the car.
Well since I already bought the car w/o navigation. I ordered a Garmin Nuvi for $500, it has bluetooth, read street names, FM receiver for traffic routing, plays MP3 etc, it will have to do for now. Since we have 4 cars and I don't drive the Lexus all the time, I figure $500 to have a nav in all our cars instead of $2000 on just the Lexus, would be well spent. (minus the back up camera feature)
However I do plan to keep the car for at least 10 years. In a few years, I think I would consider a navigation system to be dated if it does not have traffic routing, weather, and news information. The latest portable GPS already start to have these features.
I would love to use a Nav system everyday to commute to work if it is able to re-route you if there is an accident on route.
I do at least put the GPS away out of sight to avoid theft of course, but sometimes it's a bad thing at all to be able to carry it with you.
However I do plan to keep the car for at least 10 years. In a few years, I think I would consider a navigation system to be dated if it does not have traffic routing, weather, and news information. The latest portable GPS already start to have these features.
I would love to use a Nav system everyday to commute to work if it is able to re-route you if there is an accident on route.
I do at least put the GPS away out of sight to avoid theft of course, but sometimes it's a bad thing at all to be able to carry it with you.
really is a personal choice, those handy with directions and maps (online or paper or verbal) don't seem to need it. sometimes, it is more a convenience more than anything, especially in areas where u haven't been to. this became quite obvious when i put in a nav unit in my volvo. the only draw back is u don't learn the road/directions quite as well, as u are paying attention to the directions spit back at u rather than finding it urself. kinda like sitting in somebody else's car going to a new destination in an unfamiliar neighborhood, if that makes sense.
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