lexisnew

This will be my first used car purchase. The vehicle had two prior owners. The first year the vehicle was used commercially. That's where 11,500 of the miles came from. The remaining 7,500 was personal use. The vehicle comes with additional 2 years of coverage. Is $21.5K a fair price? Should I consider an extended warranty for peace of mind? If so, what would be a fair price to pay? Should I be concerned that the vehicle was heavily used as a commercial vehicle during the first year of use? Thanks

TechNut

I don't think you need to worry about the extended warranty as Toyota/Lexus vehicles have demonstrated very good reliability. As to your concerns regarding the first year of this vehicle's service life, 11,500 miles isn't even the industry average so it doesn't sound like it was used all that "heavily," but there could also be wear and tear on the finish or interior seat coverings that the mileage alone doesn't properly represent. A close inspection would clarify any potential cosmetic issues. If my math is correct, I am understanding this vehicle has 19,000 miles on it, which is very low for a 2015. As to the price, it doesn't sound too bad for me, especially for one with such low mileage but there are others on this subforum with a better sense of recent pricing so they would be better able to comment on that particular question. It would help if you could tell us more about the car however. Does it have Nav, Blind Spot monitoring, Parking assist, heated and ventilated seats, Mark Levinson Stereo, Panoramic sunroof and that sort of thing. Those options all factor into the current value of the car and without knowing the configuration of this vehicle it will be difficult to estimate the value.

lexisnew

The most notable options are as follows:

Luxury Package
Navigation System
Power Rear Sunshade
High Intensity Headlamps
Intuitive Parking Assist
Heated Steering Wheel
Blind Spot Monitor w/Rear Cross Traffic Alert

TechNut

Considering the options, that price doesn’t seem too bad to me, but with the current state of our economy, I wouldn’t be afraid to press them to knock off another grand or so. Hopefully someone with a more recent purchase can share their thoughts.

Freds430

If this is the one at Lexus Silver Spring the Lexus owners web site is showing all the maintenance has been done and no issues reported. Commercial vehicle could be it was a dealer service loaner car. Nice color exterior and interior. That color is really hard to show dirt. I have bought two previous loaner cars. As you mentioned two extra years of warranty and two extra free services. Extended warranty, I would pass on. Lexus has been #1 for eight years and #2 over the last 10 years in dependability by J D Power. Consumer Reports ranks Lexus # in reliability.

KuroYuki

Panoramic roof?

The price sounds good to me! But who knows. Because of Corona Virus .....ALl used car it's going super cheap!

lesz

For the 2015 model year, the panoramic roof was only available as a part of the Ultra Luxury package.

lexisnew

Negative. Moonroof but not panoramic roof.

Another question for the forum. Would you do an independent pre-purchase inspection (i.e., take to another Lexus dealer to verify the accuracy of the 161 point inspection) for a CPO vehicle? Would that be a waste of money?

KuroYuki

I been seeing those Facebook AD... with 18k ~23kMileages 2017 ES350 with Panoramic roof for around $24k
I was like OHHH NO lol
I got mine 2017 ES350 with Luxury package but no Panoramic roof for $ 27k Earlier Jan 2020...
Wish I get it now lol

abrown0809

That's exactly what I paid for my 2015 early last year. Times were good back then. You can get them to knock a grand or two off I think now.

jgscott

iTrader: (1)

Seems a little high priced to me based on low car sales during these times. I would keep shopping and even expand out up to 4 hours from where I lived. Nice ride to ride in 3 1/2 back after you get one. Especially if you get a Great Deal.

Also at the Mileage you are starting out with. If maintained you are likely wasting money on a Warranty, unless it up to 150k and you plan to keep the car that long.

lexisnew

I procrastiinated and another buyer snapped it up. Oh well.

jgscott

iTrader: (1)

When that happen with me, it means it was not meant to be.......