rsheppick

iTrader: (1)

I know everyone will have a different opinion on this subject.

My 2010 IS-F now has 12,000 miles on it. I'm thinking of trading it in when it has around 38000 miles.

My wife thinks I am crazy, however when I bought the car I paid for like 75% of it up front.

Thinking from investment point of view I bet I'd get a lot more money out of the car if it had 38000 miles on it than 50,000 or higher without the factory warranty left.

I bet most if not all wife's say the same thing and hate car payments although mine is very small likely compared to others who finance the whole thing.

tenspeed

iTrader: (1)

Go to one or more of the car selling sites and get estimates of the value using different mileages.

rominl

iTrader: (4)

depends on how you look at it. 38000 miles, if normal driving, that's about 3 yrs. and residual after 3 yrs is usually around the 50% point of the original msrp. so either way you are taking a big hit there right the way.

depreciation of luxury car is an exponential path usually. so from 38k to 50k miles, the depreciation is "less". but you are right that once it hits the 50k mark, it's out of warranty and it will likely take another extra dip. but how significant that is? hard to say. in general i think it's not as big for lexus

mrsardar

just my 2 cents why would you even sell/trade-in the car when you paid up 75% of it up front. from my understand is that ppl who do that keep there car for long time.

i was in similar situation when i bought my 2010 F should buy or lease and my uncle who is a GM at another dealership said i should lease if you are going change car often. you will lose $ either way.

rsheppick

iTrader: (1)

I just want to be in a situation if I wanted to keep the car I could or if I accidentally drove it WAY to much I am not screwed where lease is that way.

I suppose most people wouldn't purchase a new car that is on the expensive side to turn around and sell it however, there are tons of cars out there that are like 7k mile range that were traded in...

From the wife point of view she hates cars doesn't understand why I would want an IS-F over an Elantra.

There has got to be a point where low miles and year trading in is best vs keeping it for 6 years trading it in.

I was thinking out loud to her today that I would trade it in around 2 years (38,000) miles
.

It sounds like people are thinking more like my wife is ha ha.

rsheppick

iTrader: (1)

This would be awesome minus you cannot tell it to base the price it gives you 3 years from today vs today based on that mileage.

38,000 miles on a 2010 car in the year 2011 is way different than 38,000 miles in a car in 2014 lol

crazymikie

Once you drive it off the lot, you take a big hit and it would take a couple of years to recoup that. If you want to change cars often, a lease is far more economical. If you are concerned about the mileage, make sure to opt for appropriate terms in teh lease.

UCrazyKid

http://www.lexus.com/models/LS/warra...rotection.html

Just drive it and enjoy it, figure the rest out later.

Salil022

iTrader: (1)

i would see keep it and don't worry about depreciation, i Sold my 2008 F with about 40k miles for $40k.

Juanca

iTrader: (5)

Nobody is taking into consideration that very soon we should have a new generation IS and shortly after a new ISF. We all will take a huge hit once the new model is out... ouch!

rsheppick

iTrader: (1)

VERY good point.

I admit that is why I was thinking about this stuff in the first place, which is why I wouldn't have gone for a 2012 IS-F.

I wonder what they will look like and what the performance will be, I hope they change it up.

I think if it stays the same I might go to a GT-R to see what its like. Although, the thought of the Lexus fit and finish compared to Nissan is not nearly as good.

Does everyone else's Lexus Dealerships have lunch and stuff at the service center for free?