EthanV

This car is CPO 2008 ES350 16,800 miles Navigation with Premium Pak, HID. MSRP 30,900.. What is the reasonable price for this one. Please give me some number so I can talk to the dealership. Wells, this car is for my brother. Thanks every body! Please reply ASAP!

IS $28k possible?

MDames2

iTrader: (1)

Check out Edmunds.com, and you can get their true market value for used cars. Just plug in the information.

EthanV

I can't find it

ratucker3

site address is
http://www.edmunds.com/used-cars/

MadMax96

A quick look at the local dealer's website shows 2008 ES350s with Nav going for $27-29k... BUT it should be noted they have much higher miles. The one for $26,995 had over 50k and obviously a CPO.

All prices are negotiable - I can't imagine you couldn't get at least $1-1.5k off that price.

garsarno

When checking the website for used car values, also notate the "trade in" price and try to negotiate from there.

www.kbb.com = Kelly Blue Book

The local used car auctions really dictate the value of the used cars. Our local is Manheim Auto Auctions.

extreme78

I just picked up CPO 2007 with 15,000 milles NAV, premium package for $25,600. They were asking $26800. I saw an CPO 2008 NAV with 30k for 28,500 on the lot.
Good luck!

Btw, I LOVE my "new" car so far :-)

judd986S

do not get caught up on "low miles" we bought a 2008 with all the same options for $22,400 last September. it had 46k miles. We bought the Lexus warranty to 125k miles for $1,200. So for $23,600 I have 125,000-46,000= 79,000 miles of bumper to bumper coverage. Assuming a salvage value and find your $ / mile. My wife will put 250k plus on this car but if we sold at 125k miles for ~$10,000 it would have cost us ($23,600-$10,000)/79,000= 17.2 cents per mile

If you pay $30k for the car you will get up to 100k miles of coverage. or 83,200 miles. Lets say this car is worth 12k with 100k miles on it.
($30,000-$12,000)/83,200= 21.6 cents per mile.

If you get a car with miles closer to 50k you can save money.

So because I do my own work on the car and keep them to over 200k my cost would look like this

($23,600-$6,000+cost of parts for repairs)/ 200,000miles= ???

I am shooting for 10 cents per mile.

I ignored insurance, fuel, maintenance, repairs, and the time value of money in the above example. (I use excel to track most of those)