Buying a new LS430
09-08-04, 03:52 PM
#16
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Originally posted by cschow
I'm trying to understand why one would disregard the impending redesign. Hasn't Lexus stated that they wanted the new LS to make as much of an impact on the car market as the original 1990 LS? The original LS turned the entire luxury car market upside down. If Lexus manages to achieve what they stated, it seems to me the prices of any LS430, whether 2001-2003 or 2004+ will take a huge hit when the redesign comes out. I'm thinking maybe a 3-year lease on a new LS might make sense if the residuals are not already pushed down by the impending redesign. A new purchase may become quite expensive.
I'm trying to understand why one would disregard the impending redesign. Hasn't Lexus stated that they wanted the new LS to make as much of an impact on the car market as the original 1990 LS? The original LS turned the entire luxury car market upside down. If Lexus manages to achieve what they stated, it seems to me the prices of any LS430, whether 2001-2003 or 2004+ will take a huge hit when the redesign comes out. I'm thinking maybe a 3-year lease on a new LS might make sense if the residuals are not already pushed down by the impending redesign. A new purchase may become quite expensive.
My only complaint about the 1993 GS300 was lack of power. The GS400 addressed that complaint rather nicely.
So to avoid wanting one, I just never drove one. "Out of sight, out of mind" thinking. Worked for me.
09-08-04, 10:45 PM
#17
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Originally posted by daryll40
My best guess is that an '04 LS430 will be worth about 60% in 3 years, new model or not. Maybe the '05 or '06 cars (the current bodystyle) will take more of a hit, but a 3 year old car is already about half way depreciated.
My best guess is that an '04 LS430 will be worth about 60% in 3 years, new model or not. Maybe the '05 or '06 cars (the current bodystyle) will take more of a hit, but a 3 year old car is already about half way depreciated.
I spent the entire day browsing the Lexus.com gallery gawking at the LS 430 and ES 330, they're such beautifully designed vehicles.
can some body post more interior pictures of the LS430 (shots of the glove compartment, cd changer, back seats, close ups of the trunk interior, gear ****, etc)?
09-09-04, 03:31 AM
#18
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"Only" losing 40% in 3 years isn't bad at all. I looked at the Kelly Blue Book for a 2001 LS430 in "good" shape with 45000 miles (15/yr) and it's worth $32160 to trade in. Assuming the a new "base" LS430 can be had for about $55,000 or so (net paid), give or take, that's 58.5%. A 2002 with the same miles (both would be considered 3 years of driving but perhaps someone bot the 2001 at the end of the year versus a 2002 bot at the beginning of the year) is worth about $1345 more or $33505...again, approaching 60% of original purchase price after 3 yrs and 15K/yr driving.
Of course, less miles would make it worth more and "Excellent" condition would also make it worth more, and selling it yourself might bring even more. So it's possible to recapture maybe as much as 65% I am guessing. But for the average driver with an "good" but not babied car that gets "normally" tradedin, 60% is a great ballpark figure.
By the way, for what it's worth for those considering a 2004 NOW versus a 2005 SOON: As long as your REAL savings upfront is more than about $1350, the 2004 is the better deal for someone keeping a car 3 years. And if you keep it longer I guess it's still the better deal....all based on my analysis of the 2001 and 2002 cars with the same mileage.
Of course, less miles would make it worth more and "Excellent" condition would also make it worth more, and selling it yourself might bring even more. So it's possible to recapture maybe as much as 65% I am guessing. But for the average driver with an "good" but not babied car that gets "normally" tradedin, 60% is a great ballpark figure.
By the way, for what it's worth for those considering a 2004 NOW versus a 2005 SOON: As long as your REAL savings upfront is more than about $1350, the 2004 is the better deal for someone keeping a car 3 years. And if you keep it longer I guess it's still the better deal....all based on my analysis of the 2001 and 2002 cars with the same mileage.
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