!!

 

It's a little bit high, but not too high that you can say you got ripped off. I paid 36 for my 17RC350 F-sport AWD last week @ 30k miles on the clock.
Coming from me personally, it's a bad deal, but only I can say bad because I came from a 17IS300F-sport AWD (V6).

 

CPO, fairly low miles, F Sport... Not a bad deal IMHO.

I kinda understand where you are coming from though. I definitely felt like I overpaid for my IS 300 AWD F Sport (leased one new for about $41k, which was nearly $7k under MSRP), but I also didn't regret getting the car. Definitely felt worth the $41k. I think, as others have said, that's what matters.

Fast forward to now, I am driving a CPO car that cost me less than $20k but has much less luxury than the Lexus... It all depends on what you wanted to get out of the purchase, and what other options were available.

 

My wife and I visited a Lexus dealership on Saturday to pick up my GS that had the fuel pump recall completed. While there we walked the sales lot, both the new and used inventory was only about 1/3 of it's normal level. The staff there indicated that they would not recommend trying to purchase a vehicle at this time, they cannot get inventory and prices are way up on any that is available..Sixty to 90 days ago they were nearly willing to give vehicles away, that has flipped 180 recently.
To the OP, I am saying that the market has changed, don't worry yourself over the price you paid for your new IS. If you are pleased with it, you got a good deal. I did not see any IS on the lot while shopping on Saturday.

 

Yeah the market changed, I watched prices go up as much as 25% over a 6 week period recently. Some werre even the SAME car and they were raising the price (even though they clearly couldn't sell it).

I think you paid alot for it but I have different tastes and normally willing to trade for mileage to get the trim or features i want, to keep it in my budget.

Ripped off? no...someone else right behind you would of paid that same price the next day.

Buyers remorse sucks but it'll wear off. I just bought a car a few weeks ago and spent 3 days watching other comparible models for sale to check the deal i got lol.

 

@@!!@@!!

 

@@!!@@!!

 

Don't sweat the details on price. It is a very strange market we are in now with 1+ million cars off the market from February to now due to COVID supply disruptions. We had a US supply of used, certified, and new around 4+ million cars in Feb. Now its around 3 million. The surge in used car pricing is real, reflects used and new car supply. IS200t will hold up for a long time. Enjoy it!

 

Honestly, it's always a bad deal $ wise. We can never win on the stealership, hence the word.

It's really up to the buyer. When you know you got what you really wanted, the numbers does not matter.

When you start comparing, that's when it changes - so try not to.

 

After taking a second look at this via CarGurus -- what is my car worth and inputing the car's options and features.
Your price is close to the market price. L-Certification at market price is a bonus value and peace of mind for the next 2 years. 'm sure Lexus has zero worries that you'll have any issues there.

Cars without certification could go between the private sale and market price. In short, it's on the slightly higher than fair value side and you're kind of pre-paying the maintenance that will be due. No worries there.

At the end of the day, it comes down to do you really want this low mileage car or keep looking for one with more miles and also certified. Someone else could get the sale before you do. By pulling the trigger at 30,400 you made sure it was yours before the price dropped further. The waiting game only works on cars out of favor with the market (hint some hybrid options that may languish on the lot for months).

Another contributing factor to the slightly high price is the low miles. There's always a price premium for low miles and still under the initial warranty mileage wise. If it had another 20k miles on it may be $1500 cheaper. Financing it is not going to show a major monthly payment change at $33k vs $30k.

You got the ride so enjoy it!

 

The real 'stealer' $$ happening before your eyes is what the value of the car is if you were to trade it in... worth about 5-8k less than what you're buying it for. Which is why you can command more value in private sales than a dealer trade in. 3 - 4 years of ownership will start to show trade in values comparable to what equity you have left (or loan balance). It wont be until 5-6 years later where you come out ahead on some equity that can be put down to another vehicle.

 

$$##$$##

 

%%$$%%$$

 

I felt like I got sort of lucky. I bought mine 2016 Lexus IS300 F sport in early February before COVID hit. I’m not sure if I got a good deal but I am happy with it. I got mine for 28k with 21K miles on it. It is also CPO. Recently I’ve been checking dealerships around me and none of them have CPO 3IS FSport left

 

You're welcome. The market is really in a funk this year, where used cars are getting a very serious and active interest. You like it which is what matters. There are deals at stealerships, however, they may not be 'local' and the test drive can tell you a lot.