Eiso

I recently wanted to trade my GS350 for a G37 coupe. Dealers are only giving me $35000 at most 1 month ago. I just checked on KBB with my GS350, Nav w/o ML, 9300 miles, only get $30000 trade-in value. I'm SHOCKED!!! I would never imagine my first Lexus gets that bad in residual value just after 10 months of ownership.

The G Man

The Infinity G coupe is not much better, you will lose about $12000 on the 1st year ownership of the coupe. The fact is that anytime you sell your car after 12 months, you will lose your pants. If you like new cars every couple of years, you need to lease, not buy.

MelYW

If you plot the curve of the residual values from KBB...you will see that you are at the worst part of the curve where the decline is the steepest. I do believe that Lexus cars in general do better than average...but still hard to swallow.

One of the reasons why I keep my cars for 9+ years.

EyeKutr

iTrader: (5)

Your msrp was around 48 new, many bought that car for about 43 + ttl - 35 / 43 is about 81%, so yeah that is about right give or take a grand. Facts are you lose 20% in 1st year, and less there after, and the horrible economy is not helping

07350FROST

i know, it sucks. i dropped by the local lexus dealer the other day cuz i saw a beeeeeautiful RED IS-F that i wanted to check out. while i was there i saw the car i really want (besides the silver color). they had an '07 LS460L that had air-ride suspension and 14K miles on it for $68K. i told em to work the numbers........he left me a message saying my 3GS is only worth $31,000 and my payment would be a minor $1300 a month!

I laughed to myself......and then walked away sad!

The G Man

If you look at the Lexus SUV line, for some reason, they hold their value better than the Lexus sedans. I am sure that will change soon now that gas is almost $4 a gallon.

p_r_i_m_o

Man i think this happening to just about everybody regardless of what kinda car you are driving ...Lately I been listening to the boys over on the BMW forums going bananas over how much has dropped off the new 335. Its the state the economy is currently in.

cliffud

iTrader: (3)

when dealers start giving out deals due to the economy to invigorate sales, the used market gets pounded.

hopefully this will stop when the economy starts turning around. if it doesn't, we'll have the same problems as the domestic car guys where their trucks are worth tremendously less because dealers are doing huge cash back deals on new trucks no matter the economy.

The G Man

Cars are just houses right now, just ride it out and dont sell until the economy gets better.

1989Lexus

damn that sucks for us.

TMQ

Recent reports show that VW ranks #1 in resale value, followed by BMW. I'm pretty surprised by this.

Eiso

No wonder VW's lease is substantially good...
I think BMW is taking a lot of hit too...

passnu2

iTrader: (33)

+1

memasterac

I still drive my 92' Dakota to work... Unless you are $$$, changing minds frequently on purchased cars cost $.

kyang91

iTrader: (5)

I agree, I tried to trade in my car and the price that is just so low that I do not want to do it, that is why I am giving my car away to my sister and getting a new one for myself.