Higher Mileage 2014 (48k).. Would you buy?
#1
Driver School Candidate
Thread Starter
Higher Mileage 2014 (48k).. Would you buy?
Hey everyone,
New member here. Im shopping for a GS350 to replace my fiancées daily driver VW Passat. Weve started looking and Ive come across an interesting one that is a 2014 with 48k miles. The car is an all FL car thats been serviced regularly but Ive never bought a car with that high of miles and wanted to get some owners opinions. I want a car thats going to be very reliable for my fiancée which is obviously the general reputation Lexus has so I guess Im just looking for reassurance or for someone to tell me Im crazy and wrong!
Id imagine wed keep the car for ~5 years and an additional 50k miles so Im curious to hear the good, bad and ugly from owners.
Last is the price, the one Im looking at is $23,500.
Thanks in advance for any input!
SN: I posted an almost identical post in the ES forum since we're considering those as well but my fiancee' prefers the interior styling of the GS.
New member here. Im shopping for a GS350 to replace my fiancées daily driver VW Passat. Weve started looking and Ive come across an interesting one that is a 2014 with 48k miles. The car is an all FL car thats been serviced regularly but Ive never bought a car with that high of miles and wanted to get some owners opinions. I want a car thats going to be very reliable for my fiancée which is obviously the general reputation Lexus has so I guess Im just looking for reassurance or for someone to tell me Im crazy and wrong!
Id imagine wed keep the car for ~5 years and an additional 50k miles so Im curious to hear the good, bad and ugly from owners.
Last is the price, the one Im looking at is $23,500.
Thanks in advance for any input!
SN: I posted an almost identical post in the ES forum since we're considering those as well but my fiancee' prefers the interior styling of the GS.
#2
Racer
I bought my 2013 awd lux at 72k miles. I considered one at 115k miles.
I drove my last GS to 190k miles, and if my neighbor hadn't dented the fender, I'd probably still be driving it.
With proper maintenance, a Lexus can go 200-300k miles with ease. My parents drove a 1990 LS to 350k.
There's no ugly with a Lexus. That's why we drive them.
Buy it, and be happy for as long as you want it.
I drove my last GS to 190k miles, and if my neighbor hadn't dented the fender, I'd probably still be driving it.
With proper maintenance, a Lexus can go 200-300k miles with ease. My parents drove a 1990 LS to 350k.
There's no ugly with a Lexus. That's why we drive them.
Buy it, and be happy for as long as you want it.
#3
Driver School Candidate
Thread Starter
I bought my 2013 awd lux at 72k miles. I considered one at 115k miles.
I drove my last GS to 190k miles, and if my neighbor hadn't dented the fender, I'd probably still be driving it.
With proper maintenance, a Lexus can go 200-300k miles with ease. My parents drove a 1990 LS to 350k.
There's no ugly with a Lexus. That's why we drive them.
Buy it, and be happy for as long as you want it.
I drove my last GS to 190k miles, and if my neighbor hadn't dented the fender, I'd probably still be driving it.
With proper maintenance, a Lexus can go 200-300k miles with ease. My parents drove a 1990 LS to 350k.
There's no ugly with a Lexus. That's why we drive them.
Buy it, and be happy for as long as you want it.
#4
Lexus Champion
I don't consider a 4 year old GS with 48k on it to be "high miles". Depending on the original date of sale, that's only 12k miles a year or so. Not a hard life for a GS. That should even still be under the powertrain warranty.
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MikeLucky (05-23-18)
#5
High mileage...LOL! Bought our last GS in 03 with 60K on it and drove it 13 additional trouble free years and clocked 160K of miles. Hit a big chunk of cement on a wonderful LA highway and tore a big hole in the floor pan, then my bro-in-law plowed into the back. I was still thinking of fixing it and keeping it, but between those issues and drying out plastic parts, it was going to cost me 5x the value of the car. bought a 13 with 50K miles and hoping to repeat the process....hopefully without tearing up the floorpan and the rear end damage this time.
#6
Driver School Candidate
I bought my '13 GS Lux last November with 60k on it. Still people that ride in it ask how it still has the new car smell. lol. I wouldn't consider 48k high mileage at all.
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#8
Racer
Our 2015 has about 57,000 miles on it. Not a single issue. Has only ever seen the dealer for regular maintenance and that's it. Looks, drives & feels like it did when it was new still. It's not exactly babied either and spends quite a lot of time in LA 405 traffic and regularly sees crappy roads/potholes etc.
#9
Driver School Candidate
Thread Starter
Thanks for all the feedback so far, guys! I may have used the phrase "high miles" loosely here and I recognize the reliable reputation that Lexus has - this is just higher miles than I've ever stepped into and being it'll be my fiancees' daily driver I was just looking for some reassurance. We went and test drove the car yesterday and its in immaculate condition. It was almost bizarre how smooth riding and quiet the car is, especially after stepping out my Cadillac ATS-V Coupe lol.
What is everyone's thoughts on the price? $23,200.00 for a one owner car, clean carfax/autocheck and all servicing done at Lexus dealerships. The original window sticker is with the car and had an MSRP of ~$56,000.00
What is everyone's thoughts on the price? $23,200.00 for a one owner car, clean carfax/autocheck and all servicing done at Lexus dealerships. The original window sticker is with the car and had an MSRP of ~$56,000.00
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Dunndarryn (05-24-18)
#11
23 is definitely a good price. I bought my 13 two months ago and no one was coming down from 26 for a 14 for cars that had accidents on their Carfax. I definitely see your hesitation with. I league though. I was seriously hesitant to get a BMW with 42k miles on it. With these cars it’s really more about care than miles. I would run into GSs that were thoroughly beat or at least neglected more often than not. If it’s clean AND a good price, then it’s best to move quickly.
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Dunndarryn (05-24-18)
#12
Lexus Test Driver
Dunndarryn,
Considering that $53k to $58k for MSRP less a 10% to 20% discount equals ~$42k - $52k for the new car sales price, so a middle-ground figure of $47,000 +/- 5% should be about the average new car GS 350 price paid across the entire model spectrum. With that determined the following is a pretty good value for the used car sales price for the various years:
2018 Pre-owned sales price at 1 year old = ~$41k +/- 5% based on options, condition and mileage or -12% off the new purchase price = $6,000 depreciation
2017 Pre-owned sales price at 2 years old = ~$37k +/- 5% based on options, condition and mileage or -21% off the new purchase price = $10,000 depreciation
2016 Pre-owned sales price at 3 years old = ~$33k +/- 5% based on options, condition and mileage or -30% off the new purchase price = $13,500 depreciation
2015 Pre-owned sales price at 4 years old = ~$30k +/- 5% based on options, condition and mileage or -36% off the new purchase price = $16,500 depreciation
2014 Pre-owned sales price at 5 years old = ~$27k +/- 5% based on options, condition and mileage or -43% off the new purchase price = $20,000 depreciation
2013 Pre-owned sales price at 6 years old = ~$23k +/- 5% based on options, condition and mileage or -51% off the new purchase price = $24,000 depreciation
You didn't provide very much information about the 2014 GS 350 you are considering. The unknowns can affect the price by +/- 5%. Which model option (Base, Premium, F-Sport, Luxury) and what individual options (BSM, IPA, HUD, etc.) does the car you're looking at have, and what color is the car? Colors (pro and con) can affect the sales price more than options. With really very little known about the car (model, options, color) I'd say that $23,500 is in the ballpark. Also, the later in the year it becomes (it's almost June), the closer it is for the new model year (i.e. 2019) to come out, therefore the above prices should adjust downward to the next older model year commensurate with new model year cars soon to come out. So, the 2014 used car price should [presently] be moving heavily toward the 2013 price (as highlighted in bold).
Considering that $53k to $58k for MSRP less a 10% to 20% discount equals ~$42k - $52k for the new car sales price, so a middle-ground figure of $47,000 +/- 5% should be about the average new car GS 350 price paid across the entire model spectrum. With that determined the following is a pretty good value for the used car sales price for the various years:
2018 Pre-owned sales price at 1 year old = ~$41k +/- 5% based on options, condition and mileage or -12% off the new purchase price = $6,000 depreciation
2017 Pre-owned sales price at 2 years old = ~$37k +/- 5% based on options, condition and mileage or -21% off the new purchase price = $10,000 depreciation
2016 Pre-owned sales price at 3 years old = ~$33k +/- 5% based on options, condition and mileage or -30% off the new purchase price = $13,500 depreciation
2015 Pre-owned sales price at 4 years old = ~$30k +/- 5% based on options, condition and mileage or -36% off the new purchase price = $16,500 depreciation
2014 Pre-owned sales price at 5 years old = ~$27k +/- 5% based on options, condition and mileage or -43% off the new purchase price = $20,000 depreciation
2013 Pre-owned sales price at 6 years old = ~$23k +/- 5% based on options, condition and mileage or -51% off the new purchase price = $24,000 depreciation
You didn't provide very much information about the 2014 GS 350 you are considering. The unknowns can affect the price by +/- 5%. Which model option (Base, Premium, F-Sport, Luxury) and what individual options (BSM, IPA, HUD, etc.) does the car you're looking at have, and what color is the car? Colors (pro and con) can affect the sales price more than options. With really very little known about the car (model, options, color) I'd say that $23,500 is in the ballpark. Also, the later in the year it becomes (it's almost June), the closer it is for the new model year (i.e. 2019) to come out, therefore the above prices should adjust downward to the next older model year commensurate with new model year cars soon to come out. So, the 2014 used car price should [presently] be moving heavily toward the 2013 price (as highlighted in bold).
Last edited by bclexus; 05-24-18 at 10:19 AM.
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ShrinkDoc (05-24-18)
#13
Driver School Candidate
Thread Starter
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jonathancl (05-24-18)
#15
Racer
Welcome to the club. You're gonna love it. Post pictures!!