Weird Resale Value Find
Thread Starter
Pole Position
Joined: Oct 2002
Posts: 3,067
Likes: 457
From: Pennsylvania
Weird Resale Value Find
Ok, so I got my new LS430 with M.L. over the weekend and of course what's not to love. Anyway, since I am a cash buyer, I generally try to estimate the car's value in 3 years so I know how much to earmark for the next purchase. Kind of like "self-leasing"...my own mental accounting game.
Anyway, I went to Kelley Blue Book.Com and found something interesting. A 2001 LS430 with Nav and Mark Levinson and 45,000 miles, in excellent condition, is worth $36075 trade-in value. That's what I estimate my car will be worth, give or take, in 3 years when it has 45,000 miles. Yet, if you price out a 2001 "base" car...same vehicle without Mark Levinson and Nav, it's still worth $35,400. In other words, that $3000 option package only retains $700 of value in 3 years. I was shocked, really. In the big scheme of things, this is no big deal. But the base car remains the better value because of this. Usually options retain about half their value. Not here. I wonder why?
Daryll40
Anyway, I went to Kelley Blue Book.Com and found something interesting. A 2001 LS430 with Nav and Mark Levinson and 45,000 miles, in excellent condition, is worth $36075 trade-in value. That's what I estimate my car will be worth, give or take, in 3 years when it has 45,000 miles. Yet, if you price out a 2001 "base" car...same vehicle without Mark Levinson and Nav, it's still worth $35,400. In other words, that $3000 option package only retains $700 of value in 3 years. I was shocked, really. In the big scheme of things, this is no big deal. But the base car remains the better value because of this. Usually options retain about half their value. Not here. I wonder why?
Daryll40
Thread
Thread Starter
Forum
Replies
Last Post
