What kind of trade in appraisals are you getting for your ES350?
#16
Was your trans jerky from the beginning or did it become that way over time? Yeah, they are depreciating assets, unless they are classic or exotic cars. I’m 36 years old and plan to retire at 67, if that’s still the retirement age by then. I think the best thing for me is to just continue saving for retirement and invest my money… then when I’m retired I can buy an exotic or super car as a retirement gift. So many today don’t plan for retirement and blow the money they could have saved and invested on things like cars. I don’t want that to be me. I would prefer to only buy one more daily driver (if I have to) before retirement age.
#17
I was looking at a 2022 4 series coupe with 6900 miles at my local Sewell Lexus dealer. They started the offer at 40,000 and I was able to get them up to 41,500 but the more I thought about it it just didn’t make sense because it wasn’t the color that I really wanted. It was a dark gray and I wanted white so I didn’t want to settle and take a higher interest-rate. I have about $12,000 in equity in my car so I’m in a good place and just couldn’t see trading out for a color that wasn’t what I really wanted. Also BMWs depreciate so quickly because of the over inflated asking price where the ES 350 is actually one of the better value holding cars but they all depreciate like you said it’s just the nature of cars unless an exotic or classic. I bought all of my Lexus cars at this dealership and have a great relationship with my sales person so I typically get a decent deal.
The following users liked this post:
Jack1986 (12-18-22)
#18
#19
I just started a thread about this because it doesn’t make any sense why the 2022 is so smooth when it’s using the same transmission. I seen this complaint a lot when I first joined, but I have never experienced it so I wanted to see if I’m just some anomaly or if all the new ones are smoother.
#20
Yeah, I’ll continue to save. I’ll just have to exercise some self control because I’m a car fanatic 🤪
#21
I was looking at a 2022 4 series coupe with 6900 miles at my local Sewell Lexus dealer. They started the offer at 40,000 and I was able to get them up to 41,500 but the more I thought about it it just didn’t make sense because it wasn’t the color that I really wanted. It was a dark gray and I wanted white so I didn’t want to settle and take a higher interest-rate. I have about $12,000 in equity in my car so I’m in a good place and just couldn’t see trading out for a color that wasn’t what I really wanted. Also BMWs depreciate so quickly because of the over inflated asking price where the ES 350 is actually one of the better value holding cars but they all depreciate like you said it’s just the nature of cars unless an exotic or classic. I bought all of my Lexus cars at this dealership and have a great relationship with my sales person so I typically get a decent deal.
Last edited by Jack1986; 12-18-22 at 08:08 PM.
#22
Alright trade completed. If anyone is looking for a 2019 ES350 that was well kept and garaged its whole life (27k miles) it will probably be listed at Porsche Bethesda soon (if they don't wholesale it away).
#23
#24
An alternative to losing big money on a trade-in is selling your car yourself. I had a 2013 in pristine condition with 18k on the clock. Looking for a 2019 with all the newer safety features, I asked for a number on a trade. The dealer offered $17k... I said no thanks... I placed it for sale on the "for sale" forum on the Club Lexus web site and sold it in two days for $22k. A nice $5000.00 difference. The dealer agreed to do a "courtesy trade" where I trade in the car and the buyer, who is there with me, buys it from the dealer in the same transaction. Not for everyone but considerable difference in money.
#25
They used to call this “an in and out” in Texas. Some places would charge like $500 flat fee to do the paperwork and for their increased exposure to liability.
Thread
Thread Starter
Forum
Replies
Last Post
VJ RC51
SC400 / 300 Classifieds
4
03-31-06 10:56 PM
xravexboix
General Classifieds
2
04-25-05 08:41 PM
One HoT
General Classifieds
9
07-14-03 06:26 PM