Lexus buys back LS460
05-31-11, 02:03 PM
#1
Rookie
Thread Starter
Join Date: Jan 2008
Location: ca.
Posts: 60
Likes: 0
Received 0 Likes
on
0 Posts
Lexus buys back LS460
I need some advise,
I just received a buy back offer from Lexus. The repurchase price for my 2007, LS 460 was $70,026.58 minus the mileage. I used, 23,165 miles. They calculated the Price I paid for the car, times the mileage I put on it, divided by 120,000 miles.
$64,000 x 23,165 miles / 120,000 miles = -$12,354.67 for a net buy back of $57,671.91.
Does any one have a feel if this is a fair offer? Is 120,000 miles what Lexus considers the life of the car? Is that how they arrive at that number?
I plan to call Lexus and ask them about the 120,000 miles in calculating the car. But I thought I would ask the Club Lexus people before I call, so that I can have some info.
Has anyone gone through a repurchase of their Lexus? Any help would be appreciated.
The last process in this repurchase procedure. Lexus has a third party service group that will do a complete vehicle inspection to see if the car meets the vehicle condition guidelines.
Marty
I just received a buy back offer from Lexus. The repurchase price for my 2007, LS 460 was $70,026.58 minus the mileage. I used, 23,165 miles. They calculated the Price I paid for the car, times the mileage I put on it, divided by 120,000 miles.
$64,000 x 23,165 miles / 120,000 miles = -$12,354.67 for a net buy back of $57,671.91.
Does any one have a feel if this is a fair offer? Is 120,000 miles what Lexus considers the life of the car? Is that how they arrive at that number?
I plan to call Lexus and ask them about the 120,000 miles in calculating the car. But I thought I would ask the Club Lexus people before I call, so that I can have some info.
Has anyone gone through a repurchase of their Lexus? Any help would be appreciated.
The last process in this repurchase procedure. Lexus has a third party service group that will do a complete vehicle inspection to see if the car meets the vehicle condition guidelines.
Marty
05-31-11, 02:31 PM
#3
Lexus Test Driver
Well that just seems like they are trying to eliminate problems that may persist, if the numbers work for you i would take it. But you have to consider if that is a great way and are you gaining anything as well eliminating any future headaches. what is wrong with the car???? knock on wood..
05-31-11, 02:33 PM
#6
Driver School Candidate
iTrader: (2)
Join Date: Mar 2010
Location: CA
Posts: 36
Likes: 0
Received 0 Likes
on
0 Posts
If they buy it back for that much, then i'd have to say it's a pretty good deal. Compared to other 07 LS's in my area around that mileage, they're going for about 42-47k.
Why were they planning to buy it back?
Why were they planning to buy it back?
Trending Topics
05-31-11, 07:33 PM
#14
Rookie
Thread Starter
Join Date: Jan 2008
Location: ca.
Posts: 60
Likes: 0
Received 0 Likes
on
0 Posts
I took my LS460 in for the VSR recall, and several TBIS’s. The results were that there is a slight hesitation in the acceleration.
They took the engine apart but had to take it apart a second time after the VSR was completed because they found a loose valve which they had to replace. They said I was losing combustion in one of the cylinders. That did not fix the hesitation, so they replaced the heads with new ones.
They said this corrected it.
Here is the kicker! My 2007 LS460 has only 23,165 miles on it.
I am very dissapointed in the quality of my car. Lexus is doing a fine job of handling the warranty work, but my problem is that all these items have gone bad on a Top-of-the Line Lexus with so few miles on it.
This car is supposed to be bullet proof. Did I get a lemon? They’ve had the car now for 23 days. Has any one had simmilar problems? Any comments would be appreciated, for example how to handle this with Lexus. I will be picking the car up on Saturday.
TBIS’s
Loose outside passenger mirror being replaced.
Noisey brake actuator. (on back order).
Center padded console armrest, needed more padding. (being replaced).
Replaced two motors in the drivers seat for the Lumbar assembly and Air Conditioning.
Control arms need new bushings, they where ripped, and the arm was almost rubbing on metal to metal. They replaced both front lower control arms.
Thanks, Marty
They took the engine apart but had to take it apart a second time after the VSR was completed because they found a loose valve which they had to replace. They said I was losing combustion in one of the cylinders. That did not fix the hesitation, so they replaced the heads with new ones.
They said this corrected it.
Here is the kicker! My 2007 LS460 has only 23,165 miles on it.
I am very dissapointed in the quality of my car. Lexus is doing a fine job of handling the warranty work, but my problem is that all these items have gone bad on a Top-of-the Line Lexus with so few miles on it.
This car is supposed to be bullet proof. Did I get a lemon? They’ve had the car now for 23 days. Has any one had simmilar problems? Any comments would be appreciated, for example how to handle this with Lexus. I will be picking the car up on Saturday.
TBIS’s
Loose outside passenger mirror being replaced.
Noisey brake actuator. (on back order).
Center padded console armrest, needed more padding. (being replaced).
Replaced two motors in the drivers seat for the Lumbar assembly and Air Conditioning.
Control arms need new bushings, they where ripped, and the arm was almost rubbing on metal to metal. They replaced both front lower control arms.
Thanks, Marty
05-31-11, 07:46 PM
#15
Rookie
Thread Starter
Join Date: Jan 2008
Location: ca.
Posts: 60
Likes: 0
Received 0 Likes
on
0 Posts
Well that just seems like they are trying to eliminate problems that may persist, if the numbers work for you i would take it. But you have to consider if that is a great way and are you gaining anything as well eliminating any future headaches. what is wrong with the car???? knock on wood..
Marty