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2008 LS460 L 69K miles single owner $19,998

 
Old 03-15-19, 07:18 PM
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l1n1234
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Default 2008 LS460 L 69K miles single owner $19,998

I am thinking of going to look at this at the Lexus dealer about an hour away from me
2008 LS460 L
The service records from lexus drivers good until gap from 2017 to 2019.
I am trying make allowance for expected problems with dash, suspension, ML amp, and brake actuator
What is MMR and reasonable offer on this?
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Old 03-16-19, 04:57 AM
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Originally Posted by l1n1234 View Post
I am thinking of going to look at this at the Lexus dealer about an hour away from me
2008 LS460 L
The service records from lexus drivers good until gap from 2017 to 2019.
I am trying make allowance for expected problems with dash, suspension, ML amp, and brake actuator
What is MMR and reasonable offer on this?
thsts a bit expensive no? How fully loaded ?
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Old 03-16-19, 05:59 AM
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Reasonable offer would be $14,000, in my opinion. As I write this, there is/was a thread right under this one...accumulator failure and when buying an 11 year old Lexus LS460? Guess what? You need to be prepared for those things...the brake actuator at $3,000 a pop, the control arms, the high pressure fuel pump gasket replacement, the starter, the cracked arm rests. And that's fine, but when you're starting off spending nearly $20,000 on that 11 year old car you're not leaving yourself a lot of wiggle room for the things that will break on what once was an $80,000 dollar car (and still thinks it is).

I absolutely loved my LS460. Loved it. But when these things start gathering miles and age - like anything else - you're going to pay. And pay big. You'll be spending as if the car you're drivin is an $80,000 dollar car...only thing is it's only worth $10,000 when the miles start to add up.

When I traded much beloved 2007 LS460 in a year ago, the sales manager told me these cars were bringing $5,000 grand at the auction with the mikes I had on it, and he was right, I checked. He gave me $7,000 for it, because you know how that goes...they are willing to do this or that...yadda yadda yadda. That car went straight to the auction and someone probably bought it for 5k and sold it for 9k. And the poor guy who bought it doesn't realize he bought a car that was consuming a quart of oil every 1,000 miles and needed a brake actuator, and struts.
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Old 03-16-19, 07:37 AM
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It's a loaded 1 owner Ultra Luxury with low mileage that has lived in Southern California and appears to be in fine condition. It has likely lived a gentle, even pampered, life being mostly serviced in Beverly Hills. It should sell at or very near its asking price, so be prepared to have little bargaining room.
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Old 03-16-19, 09:27 AM
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MMR is $14,850 with expected retail of $19, 450. Substantial adds for low mileage and CR. I went with 4.0 out of 5. A neutral CR is 3.1. Given that the car is at a Lexus dealer, I wouldn't expect them to negotiate a whole lot. For whatever reason they all seem to think their used cars are worth more than everyone else's, and they simply are not. They do know that people will pay them no avd and they fully exploit it. Your ideal buy number here is $16,500 but like TriC said I doubt you'll get there.
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Old 03-16-19, 10:54 AM
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Or you can have mine, 2007 with 38,000 miles in absolutely perfect shape for a lot less.....
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Old 03-16-19, 11:18 AM
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Waaaay overpriced. Start looking around.

He might even come back to see our advice.

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Old 03-16-19, 12:10 PM
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What's a good name for these people? "One post wonder"?
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Old 03-16-19, 01:25 PM
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A “cherry” ca “l” 08 is a lot different value than I base 07 in Texas.
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Old 03-16-19, 02:11 PM
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As Tric said the only reason to bother is it is a fully loaded L luxury, 1 owner , low mileage, well maintained. I will take DedBirdDog advice and see if any wiggle room in price, although highly doubt it.
Assuming I have to replace the usual high ticket items (control arms, brake actuator, ML amp, etc.) on >10yr old car what am I reasonably looking at to put into this to get it in good shape to go another 100 K miles. I am thinking another $10K would be my limit but if it is going to be much more than that I will not even bother getting a PPI.
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Old 03-16-19, 05:44 PM
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If you had a Lexus dealer perform all that work, yes, it might cost 10 grand over time. However, it's not like all of the those things will go bad at once (or even ever), l1n1234. A few months ago I searched hard for an early LS 460 L and a clear majority of those considered, including those with higher mileage, had experienced none of those feared issues according to available documented service histories.
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Old 03-17-19, 11:11 AM
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If you can take the color, this is much newer:
https://www.carmax.com/car/17053978
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Old 03-18-19, 01:17 PM
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I went to look at the car over the weekend. I spent over two hours with the car to try all the features and the dealer let me drive off for an hour on my own. It is completely loaded with every option heated,ventilated, powered reclining rear seats, 4 zone climate, adaptive cruise control, self parking guidance. Air suspension, engine and brakes all smooth. The car was clearly pampered because everything looked great and worked flawlessly for an 11 year old car.
As expected the dealer would not budge at all on the number except to throw in some floor mats. As loaded as the car is it actually seems a fair number but I was still worried about the 7-12 pre facelift problems. I was so tempted to pull the trigger based on the adaptive cruise control and 4 zone climate alone.
Are there years 13+ ls460L with adaptive cruise control?
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Old 03-18-19, 01:22 PM
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Lexus dealers can be difficult to negotiate with on price. But they will frequently throw in high profit items (such as an extended warranty) at their asking price. You need to see the car in person to judge its condition (sticky door panels, dashboards, etc) and drive it (control arm bushings, brake actuators). It may actually be a decent deal if you can get a warranty thrown in.
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Old 03-18-19, 02:41 PM
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Originally Posted by l1n1234 View Post
As expected the dealer would not budge at all on the number except to throw in some floor mats. As loaded as the car is it actually seems a fair number but I was still worried about the 7-12 pre facelift problems. I was so tempted to pull the trigger based on the adaptive cruise control and 4 zone climate alone.
Are there years 13+ ls460L with adaptive cruise control?
Adaptive cruise (DRCC) is a rare option but found in a good number of 2013+ cars on the market. It's part of the Pre-Collision System (PCS) package. The Advanced PCS package comes with the Lane Keep Assist and Driver Attention Monitor, and is very rare, found in less than 5% of cars. APCS is almost always grouped with the UltraLux or Executive Seating packages.
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