MPOP

Hello guys,
Have been set my eyes on a LS for quite some time and been learning a lot from this forum. Thanks everyone for the information
I have decided to buy a 2007 LS460 L with CPO coverage. Here in NorCal I found one with 51k miles, greenish ext, light grey interior. Package wise almost everything except executive seating.

What is a fair price? Or how much do you guys think I should start with my negotiation?


thanks,
Alex

RandyV

What is the asking price?

Nospinzone

Hi MPOP, welcome to CL!

When you post an answer to Randy's question, also tell us the average dealer retail for that exact vehicle. Go to KBB, NADA and Edmunds web sites and plug in all the info and take an average of the 3 prices you get for dealer retail. Keep in mind those sites don't factor in CPO or extended warranties and that will increase the value of the car by at least a couple hundred dollars.

MPOP

All right.
Here it goes.

Dealer retail:
KBB is $40K
Edmunds is 36.5k
Nada is 37.5k

I even tried autotrader trade-in offer and it is 29XXX.

Listing dealer wants 38000. average of KBB, Edmunds and Nada ...

RandyV

That's close for an L variant with that low mileage. $35K would be better.

I paid $30K for my '07 short with 82K miles in pristine condition at a so cal dealer. Asking price was $35K.

broken_tsi

iTrader: (1)

I got my LS460L for 35k CPO'd, leather looking brand new and 41k miles. It also had all of the options except executive also. I really think you should keep searching for the right one.

MPOP

You guys have a way better inventory in SoCal than us poor guys in NorCal

MPOP

When did you get it? $35k with mint leather/condition is a good deal.

broken_tsi

iTrader: (1)

Mid January. Keep up your search and broaden it up a bit. A lot of dealerships will ship the car to you as well if you ask.

MPOP

Thanks for the advice, will for sure search around. The one I mentioned is Verdigris Mica, greenish thing; this bothers me a little bit.

The condition I believe is fine.

acl99

iTrader: (2)

How is the CPO warranty for Lexus?

MPOP

3 years and 100k I believe, from the day YOU buy it.
I was told it covers most of the things.
For a 2007, cpo is a nice choice since it will be hard to get better warranty.