djrabbi

iTrader: (2)

So it been fun while it lasted but I feel like I rather buy something outright rather than leasing the car... I know I am pretty much stuck in the lease but what would be the true value of the car? I can't really find similar cars at dealers for less than $50K unless its CA/Southern State where AWD is unheard of. CarMax offered $39K, which they are completely smoking crack

ItzFilyO

39K is actually very good. Mine was only 32K.

djrabbi

iTrader: (2)

I have a 2015 with 10K on it. Sorry left that out. I see them on eBay/AutoTrader in mid 40s so I would need to shell out at least $3500 to get out of it, which isn't bad. Better than $10,000+ with CarMax

rominl

iTrader: (4)

black book price of the gs sux, carmax offer is reasonable

SRC350F

yea sorry drjabbi the first year of lexus take a large hit, usually 8-10k. I feel you :/

btw what wheels are those?

Boomin

Lease with option to buy? at end of lease?

rld14

Hmmm.

2015 F-Sport, I figure typical AWD F-Sport equipment... Navi, Blind Spot, Park Assist, no ML, right?

10K Miles? Looks like it's black/black, and I assume you have the stock parts, right?

$39-40K to a dealer is about right; it's where I would be on the car. Figure non-L/Cert it retails around $43K, L/Cert probably $45K.

islandbeef

I've talked to several car brokers and they've mentioned that Carmax's offers are a good way to gauge how much your car will be valued as a trade-in.

As of now, my 2013 with 31k miles would be in the $27k-$29k range.

islandbeef

With my other cars, I've purchased at the end of the lease to avoid the mileage overage fees. Then I'd trade it in again.

Boomin

I've done that also, got a great deal too. My buy out price was cheaper than what they were getting them for at the auction.

jonathanz

iTrader: (2)

so i guess you purchase your car end of the lease for very good deal according to your lease contract, pay the purchase tax, bring the car in trade in for another car, the tax will offset on new car?

islandbeef

Or trade-in for another lease (after purchase) to lower the monthly payment?

LexusBC

$39k trade in price is the best I have seen. So you won't get much more than that. You can sell Privately and may get $3k more at the most, but that's it. Look at what they are selling for used that are not CPO in your area. You will see they are only a few grand more.

Sevn86

I feel the GS doesn't hold its value as well as other Lexus vehicles. Back in Nov 2015 (4 months after I bought it) I went to trade my 13 GS350 for an F sport and was offered 29k for my loaded premium version GS with 26k miles. I was shocked that my car dropped 6k in value in 4 months. Had bought it for 35k plus TTL.

spoogenet

26k miles in 4 months? That kind of mileage alone will have a big impact. Dealers will never give you top dollar on a trade but for that kind of mileage it seems reasonable.

Luxury cars don't hold as much initial value because they were highler profit margin in the first place. The GS hasn't been a huge seller which is further pressuring sales.

I probably didn't get the best deal on my used one but I am sure glad I got it instead of an ES.