LS - 4th Gen (2007-2017) Discussion topics related to the current flagship models LS460, LS460L and LS600H

Why are used LS460s so cheap?

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Old 06-22-11, 06:19 PM
  #61  
colt45ss
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talked at length today with the folks at Nash and JM lexus regarding their source of stock
the point about most cars being bought at auction as lease returns or rental trade ins is totally accurrate which makes sense
thanks for the advice i hope to be highway cruisin soon
great aspect about this forum is sharing ideas and perspectives from folks nationwide
thanks to all
Old 08-06-11, 05:13 AM
  #62  
airahcaz
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Originally Posted by I8ABMR
I have to admit I was pretty happy to find that they were so attainable used. I got mine for 39k but I got it in 2010 as an 07. The car barely had 30k miles on it and in the end the payment was even lower than my GS 350 payment. The birth of my little girl was the perfect opportunity to step up to the LS. I have been happier with this LS that I have been with any car I have ever owned (although the prelude I had in college was bulletproof)
I was thinking the same surrounding newborns, so no problem with a car seat in it - versus looking for an SUV?
Old 08-06-11, 10:48 AM
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rominl
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Originally Posted by airahcaz
I was thinking the same surrounding newborns, so no problem with a car seat in it - versus looking for an SUV?
i saw I8ABMR's car today with the rear facing seat today (iirc) and it was plenty of space
Old 08-06-11, 12:35 PM
  #64  
airahcaz
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Originally Posted by rominl
i saw I8ABMR's car today with the rear facing seat today (iirc) and it was plenty of space
IIRC? and is that "I ate a Beamer"?
Old 08-06-11, 05:58 PM
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rominl
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iirc (if i remember correctly). i ran into him again this afternoon. he is definitely having rear facing now and the front seat is still very well positioned.
Old 08-07-11, 04:18 PM
  #66  
JohnPDX
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Default Used LS460

I am new to this forum and I would really like to thank all of you for your insights, information and wisdom on this topic! Please keep your comments coming, not everyone knows as much about these vehicles as some of you do.

I started off over on the ES350 forum. My local Lexus dealer loaned me a new ES350 for a day and I was hooked. Then I realized that a 3-year old LS460 is about the same price as a loaded ES350, took an LS460 for a long test drive and we were hooked! THIS is the car I have been looking for - the ES350 pales by comparison.

In my part of the world (Portland Oregon), we have only one Lexus dealer in a 100 mile radius. On their lot right now, the very few 2008 LS460s they have asking prices of $45 - $49K with 40,000+ miles. There aren't too many of these cars for sale locally so I guess they can jack up the prices. Unfortunately the local Lexus dealer doesn't seem to run across clean local used cars very often or else maybe they are snapped up quickly. The cars being offered are all from auctions, all from other parts of the country and all have BAD service records - engine blowups, camshaft seizure, wheel vibration that can't be permanently fixed, numerous attempts at fixing wind noise, etc. In one case, Lexus of Santa Monica dumped a car too bad to certify CPO, but Portland Lexus picked it up and is now certifying it - all documented in the service records.

I really thank those of you who have steered newcomers like me to Lexusdrivers.com to be able to see full service history on-line. Without that, just the Carfax reports alone do not tell anything like the whole story - I would have bought a lemon yesterday had I just stuck with Carfax. This is one major benefit for Lexus that I have not been able to find with BMW or Mercedes, you can't view their service records. Taking that into consideration as well as the longer manufacturer warranty, I find myself hard pressed to look seriously at Mercedes-Benz or BMW as alternatives.

Any other places to look to find good deals on lightly used, well priced LS460s are much appreciated.
Old 08-07-11, 07:56 PM
  #67  
cmasten
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I have an LS and SC, had an ES and GS and they are not even in the same league as the LS.. your right there.

I would say your the perfect candidate to purchase one down here in No or So California and then take a road trip to bring it back up to Oregon. The prices down here are very good, because there are so many of them bring turned in within 2 years on leases.

With the service records and if you can get a CPO, you are pretty much covered for any of the bigger issues that may arise, but honestly these vehicles if they are properly maintained, are almost bullet proof, so you can drive it back with confidence.
Old 08-08-11, 10:17 AM
  #68  
VGBSUPERFL
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Originally Posted by WBuffettjr
Okay Newps, sounds like I am wrong. Please accept my apology for my incorrect assertion.

Central Texas prices are probably similar to the ones you found in CA. I'm willing to go to Florida and make it a road trip (or ship from Florida) to save a few thousand dollars if that's possible (and it looks like it is from a nation-wide search). Black or white are my most likely color.
No one is mad…facts are facts. Unless someone plans on flipping the car, depreciation is irrelevant, at least for the time being. I searched every other day for four months until I came to the conclusion that purchasing a 460L here in CA was not an option, and I found my 07 460L in FL. I can emphatically state that I could not have found a better deal, anywhere on the internet considering the model year and mileage. Sure, I perused a few models for 29-35K, but they all had 60k in mileage, give or take. Bottom line, there is a vehicle to suit your price range contingent upon your search criteria. I believe my deal was outstanding for 38k considering I got exactly what I wanted. Good luck with your search.
Old 08-09-11, 05:05 AM
  #69  
chow70
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Originally Posted by WBuffettjr
I don't think Florida gets much in the way of winters.

I didn't say anything about CPO. I have to say I'm a little skeptical about the claims that "you get what you pay for" being justification for paying $50,000 for a vehicle with numerous listings in the low $30s. I'm getting an LS460 either way, am I not? Am I getting a lemon? If it has 40,000 miles, I could pay $100 for an inspection, then own one of the most reliable cars made that has passed a detailed inspection and is still under factory warranty.

Funky colors? I can see the pictures in the listings -- they look like standard colors to me. I appreciate the input and advice, but honestly you guys come off as just being mad that your cars have depreciated so much and someone can pick one up for $30k.
Sorry, everyone is correct when they say, you get what you pay for! I would highly recommend a CPO. If you want to pay $10k less for an LS, that's not a Lexus dealership, you are taking a huge gamble. Learn from my lesson. I purchased an 02' CL500 Mercedes, that was not CPO. A few months down the line I was already $6k in the hole with repairs and labor costs. I had the piece of junk sold within the year. A very costly mistake.
Old 08-09-11, 06:17 AM
  #70  
airahcaz
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Originally Posted by chow70
Sorry, everyone is correct when they say, you get what you pay for! I would highly recommend a CPO. If you want to pay $10k less for an LS, that's not a Lexus dealership, you are taking a huge gamble. Learn from my lesson. I purchased an 02' CL500 Mercedes, that was not CPO. A few months down the line I was already $6k in the hole with repairs and labor costs. I had the piece of junk sold within the year. A very costly mistake.
that's typical of Mercedes, nothing to do with buying used, although CPO is the way to go if worth it
Old 08-12-11, 08:58 PM
  #71  
JohnyUtah
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You can find them even at Lexus dealers. Here's one at Lexus of North Miami 27K miles for $39k.

http://www.autotrader.com/fyc/vdp.js...standard=false
Old 08-14-11, 05:38 PM
  #72  
Mikey100
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Default CPO is so worth it however ..........

With all of the $$$ electronics in an LS460, looking out into the (normally, say with an '08 model) 4th, 5th and 6th years of ownership, having the CPO protection can be a worthwhile investment. IMHO.

Best Wishes to all, Mikey

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