Kaius88

Reading Dshah420's post about trading in his 2006 ES330 for a 2007 ES350 got me thinking.... Since depreciation is so huge during the first couple of years for most cars, doesnt it kinda sting to trade in a 1-year-old car? I mean sure Lexus depreciates slower than most other cars, but have yall ever heard of anyone trading in a new car for a newer car???? I mean geez.... 1 year is too new for trading!

PaJaHa1

It happens more often than you think, some people are very fickle about cars. These people are a dealer's dream because they are knocking a good amount of principle off the car and the dealer gets the car back with low mileage and can make a good profit off of it. My next door neighbor is one of these guys- gets a new car every 6 months. If you can find one of these you can get a hell of a deal on it if you don't mind it being broken in already.

Redefined

My neighbors get a new car every two years. They are childless couple with family owned business; tons of money to burn on cars and vacations. Why wasn't I born rich?

PhilipMSPT

iTrader: (5)

It stings only if you can't afford it...

jeffofla

And in cases like this, clearly a lease makes sense. But some people spend there money differently. Some spend it on vacations. Some on Movies, Some on restaurants. And ofcourse, some on new cars (albeit a little more costlier than the other examples). But you get my drift.

twister

I can actually justify this specific trade - going from an outdated ES330 to a brand new re-designed ES350. If I wouldn't be informed about 2007 model and, for example, purchased ES330 last year, I wouldn't even blink my eye. I'm pretty sure, everytime you go to an oil change with your ES330, you will get ES350 loaner. And, after driving that car, I don't blame anybody doubting their ES330 purchase

ntran18

iTrader: (27)

The other part of the sting along with depreciation is the sales tax. In LA it's 8.25%, ouch!! But think of this more of a trade-in fee.

dshahs420

I make good money. Cars are toys to me....I currently own 12 cars and are worth over a million dollars. I change cars like clothes. I am single and no intentions of marriage. I dont trust women because most are out to get my money, so instead of spending money on them, i spend it on cars. I am just stingy with cars because i dont like car salesmen and make sure they dont rip me off, otherwise i would buy a es350 but i have too many cars right now to add 1 more. My excise tax for all my cars is more than $30,000 and dont feel like adding more without subtracting.

rai

I was trading cars after 18 to 24 months and eating 40% of the cost. But of lately I have been trying to keep my cars longer so that the amount of dealer profit and depreciation is spread out more.

I have 4 cars that are now: 3, 4, 6.5, and 7.5 years old. I plan on keeping each 7-9 years.

One side benifit besides the ability to have no car payments for a while, is that when I do trade-up I get a cat that may be a generation or two more advanced.

For example lets say I trade my Passat for a ES350. The ES350 will seem like a time machine by comparison with many features not even dreamed about in 1998.