Car is a depreciating asset in general. New/lease car would make sense for business write-off and "lightly" used would make sense for long-term (10+ years) ownership (unless you are made of money.

Bought my 1st Lexus, LS 460 a few days ago from a Lexus dealer. L/Certified 2016 SWB White/Grey with 31k miles for $43855 ($47k out the door). It is my dd and plan to keep it for next 10 years.

So far I love the ride and getting used to of all the bells and whistles it got.

 

Congrats! You shouldn't have any challenge keeping that 10 years. Enjoy it and post pics!

 

Congrats on your new ride. Nice color combo. You should have 10+ years of driving pleasure. Please provide photos (or else your car doesn't exist. lol)

 

I wish they would nosedive more. I see articles/videos from 3 or 4 years ago talking about how a 2010 Ls460 under $20k is the best luxury buy out there. Now here we are 4 years later and there’s still not a ton of them under $20k except for ones that have high mileage.

Do you guys think a lightly optioned (Comfort package only, nothing else) 2010 with 65k miles is worth $19k, $22k OTD after all the fees and taxes? It’s one owner and in mostly good shape, just a couple very minor cosmetic defects. Has not had control arms replaced as far as I can tell.

This still seems a bit high to me, but it’s at one of those “no haggle” dealers, which is a policy that really only benefits the dealer IMO.

 

Seems a bit high to me. And its a luxury car, so it would make sense to get one with all the luxury items.

"Out The Door" pricing is pretty meaningless (unless it includes dealer "documentation fee") as it's mostly taxes and registration, which vary by state.

 

About half of the additional $3k is taxes. The rest is doc fee ($800), title fee ($150), tag/registration (estimated at $678, which seems really high for my state). So yeah that doc fee is the main thing that's under their control, aside from the price of the car itself.

 

"That is a lucid, intelligent, well-thought out description of your new car.

But without pics, it didn't happen."

 

Haha, posted a few pics in the new member introduction sticky.

Here is the proof

 

Looks amazing. I plan on eventually getting an LS like yours one day myself, but my 430 just keeps going and going and it's paid for.

 

 

Welcome to the sedan apocalypse, virus edition. The 500s aren't selling at all, I've been seeing them slip into the 60k regions. I think MY 13 has lost almost 10k in value since I browsed them last year.

 

Wholesale on a car like that with those miles and a perfect 5.0 CR is 23,400 and retail would NEVER exceed $30k. Even for a car with the executive package and it'd take that to get it there. If this really did happen, you need to call whoever made that offer and go take his money. $45K will buy you the same car in a 2017 model with the same miles. #FACT

 

Yeah, should have taken the $45k and run of that was the case lol.

 

I've noticed the value on my has increased during the mess. Unfortunately, so has the value of most other used cars - it's across the board.

 

No, your car value hasn't increased. If anything, it's gone way down. Just because used car asking prices have gone up, that doesn't mean dealers are getting those prices. They're just preying on society in very uncertain times.

Take your car in and ask for a trade in value. Then cry all the way home!

As for the guy who claims he was offered $45,000 for a 2011............. internet troll.