Value of 2002 LS430UL for trade in
01-04-09, 08:39 PM
#16
Lexus Champion
Most you will ever get for this car from a dealer up here in NY is around 12k, if you are looking for 17...Im sorry but you are in Lala land!!
The entire NE of the country follows a book called GALVES....for wholesale values of a car!! In that book your car is worth around...13k with 60k, since dealer never add for miles you are looking for around 12- 13K depending on the condition of the car. 17K...you wont even get that from a private sale. Currently, if you go on autotrader...you can find 04 with lower miles for 19-20k sooo, you do the math, will anyone with the right mind pay 17k for a 02 when newer and updated model is available for 2-3k more.
Dont mean to knock you or anything but please come out of cloud nine!!
The entire NE of the country follows a book called GALVES....for wholesale values of a car!! In that book your car is worth around...13k with 60k, since dealer never add for miles you are looking for around 12- 13K depending on the condition of the car. 17K...you wont even get that from a private sale. Currently, if you go on autotrader...you can find 04 with lower miles for 19-20k sooo, you do the math, will anyone with the right mind pay 17k for a 02 when newer and updated model is available for 2-3k more.
Dont mean to knock you or anything but please come out of cloud nine!!
i agree with JD (i was in the car biz for 5yrs myself, including Lexus),
http://www.kbb.com/KBB/UsedCars/Pric...uizConditions=
Blue Book Trade-In Value
2002 Lexus LS 430 Sedan 4D
Value
Excellent
$14,575
Good
$13,775
Fair
$12,375
In today economy, 11k-12k is fair price for 2002 LS (GOLD not very popular color BTW)
You could have work out the deal for probably 11k with that dealership.
Blue Book Private Party Value
2002 Lexus LS 430 Sedan 4D
Value
Fair
$18,060
01-05-09, 11:45 AM
#18
Lead Lap
Thread Starter
Join Date: Mar 2004
Location: Florida
Posts: 602
Likes: 0
Received 0 Likes
on
0 Posts
01-05-09, 11:46 AM
#19
Lead Lap
Thread Starter
Join Date: Mar 2004
Location: Florida
Posts: 602
Likes: 0
Received 0 Likes
on
0 Posts
i agree with JD (i was in the car biz for 5yrs myself, including Lexus),
http://www.kbb.com/KBB/UsedCars/Pric...uizConditions=
Blue Book Trade-In Value
2002 Lexus LS 430 Sedan 4D
Value
Excellent
$14,575
Good
$13,775
Fair
$12,375
In today economy, 11k-12k is fair price for 2002 LS (GOLD not very popular color BTW)
You could have work out the deal for probably 11k with that dealership.
Blue Book Private Party Value
2002 Lexus LS 430 Sedan 4D
Value
Fair
$18,060
http://www.kbb.com/KBB/UsedCars/Pric...uizConditions=
Blue Book Trade-In Value
2002 Lexus LS 430 Sedan 4D
Value
Excellent
$14,575
Good
$13,775
Fair
$12,375
In today economy, 11k-12k is fair price for 2002 LS (GOLD not very popular color BTW)
You could have work out the deal for probably 11k with that dealership.
Blue Book Private Party Value
2002 Lexus LS 430 Sedan 4D
Value
Fair
$18,060
You need to check off the boxes for ultra luxury, and adaptive cruise control, Mark Levinson audio. Then you come up with the correct #'s in the 17K range. Try it.
01-08-09, 05:07 PM
#20
Lead Lap
Thread Starter
Join Date: Mar 2004
Location: Florida
Posts: 602
Likes: 0
Received 0 Likes
on
0 Posts
OK, I got $14,500 for it, and I took it. Still think it's worth more, but with the economy, and car sales in the crapper, I felt it's the best I could get.
Definitely better than the $10K I was offered.
Definitely better than the $10K I was offered.
01-10-09, 05:33 AM
#22
Driver
Join Date: Jan 2009
Location: ont
Posts: 152
Likes: 0
Received 0 Likes
on
0 Posts
Tough times
Had this absurd, surrealistic experience at a Toyota dealership. Was looking to trade in my 2002 LS430UL for a new car. Blue book value for a trade in (much less for a private party sale) was $17,350. The dealership would only offer me 10K. And the car is in great shape.
So I walked out, and he blew a sale.
What are these cars really getting at resale? I see ads on cars.com from dealers and private parties for about $20K.
So I walked out, and he blew a sale.
What are these cars really getting at resale? I see ads on cars.com from dealers and private parties for about $20K.
01-10-09, 07:15 AM
#23
Rookie
Join Date: Dec 2008
Location: NC
Posts: 54
Likes: 0
Received 0 Likes
on
0 Posts
At auction, the dealers get any car for a couple grand less than "trade-in" value, which is why no dealer I have been to has ever offered trade-in price on a trade-in. Why would anyone, especially a dealer, pay more for a car they can easily get for thousands less?
01-10-09, 09:34 AM
#24
Yeah I hate to admit it too but ive seen the 01's to 03's especially take a huge fall, ive seen perfect cond. UL's from my friends trading them in with below 40k-50k miles get only 10-12k for trade in.. even specaial order ones with the bourdoux interior!
01-10-09, 12:19 PM
#25
Driver School Candidate
Join Date: Aug 2008
Location: MA/MD
Posts: 44
Likes: 0
Received 0 Likes
on
0 Posts
I'd have to say that if Galves shows $13k for your car and they gave you $14.5k then $1,500 is "allowance"; i.e. they decreased their new car profit by that amount in order to make a sale, not because your LS was actually worth $14.5k to them.
Those LS's sure are a phenomenal value when used - that's about the cost of a new Honda Civic!
01-10-09, 05:43 PM
#26
Lead Lap
Thread Starter
Join Date: Mar 2004
Location: Florida
Posts: 602
Likes: 0
Received 0 Likes
on
0 Posts
It was a trade in.
And NO, I didn't pay sticker for the new car. Give me a break. I paid $1100 under invoice for a 2009 Prius, which considering the stupid amount that those cars have been going for, I think was a pretty good deal.
I'm not a rookie at this. Far from it.
And NO, I didn't pay sticker for the new car. Give me a break. I paid $1100 under invoice for a 2009 Prius, which considering the stupid amount that those cars have been going for, I think was a pretty good deal.
I'm not a rookie at this. Far from it.
01-11-09, 09:24 AM
#27
Driver School Candidate
Join Date: Aug 2008
Location: MA/MD
Posts: 44
Likes: 0
Received 0 Likes
on
0 Posts
I apologize if I sounded patronizing, didn't mean to cause offense.
Congrats on Prius, it is a nice car, although it might seem a little slow after the Murcielago.
Congrats on Prius, it is a nice car, although it might seem a little slow after the Murcielago.
Thread
Thread Starter
Forum
Replies
Last Post
bagwell
Car Chat
7
07-24-10 07:35 AM
