I just got back from Carmax and they offered me 32k for my LS460l. She has 45k miles, dark blue, luxury package, parking, Nav, and Levison stereo. The paint is good condition except for a rock ship on hood. The inside is mint. Do you think this is a fair offer or do you guys think if I sell outright will I see more. I am located in chicago

 

What year is your LS?

 

that sounds low to me for a 2007. 6 months ago i sold my 2007 s550 with 65k miles and lightly optioned for 31k to carmax. given your mileage i would think you should get more.

unless the new 2013 is putting that big of a ding

 

it a 2007 ls 460L

 

$32K is about right for CarMax - they will resell it at $35K - $38K.

You should get $35K+ if you sell it yourself.

 

I guess my estimate in your other thread that CarMax would offer you $33k or less was pretty much on.

If you're looking at just selling without purchasing a replacement car, keep trying to get other offers. I just bought a car long distance from McGrath Lexus in Chicago. Take yours there and see what they will offer. They currently have a CPO 2007 LS460L with 30k miles and equipped like yours listed for $42.9..

I just sold a Ford Expedition to local lexus dealer in Florida and was able to negotiate a price 20% higher than my CarMax offer for the Expedition.

If your looking to replace the car use the CarMax offer as trade in price. You'll save tax on the trade. What is tax rate in Chicago, like 9% or so? You pay tax on your residence address in Illinois.

JR

 

the 07-12 LSs will be a sought after car..I agree to shop around for a better offer. Carmax will get a killer spread on you. I sold my 460 on craigslist and got retail pricing for it..>BOOM!!

 

Show some pictures man! What are you going to get next?

 

In case anyone is interested, auction price is below...

 

If you change the mileage from 80,203 to 45,000 on the Manheim Internet MMR site it calculates the estimated auction price for a 2007 LS460LWB at $30.6k for average condition, $34.1k for above average condition and est retail to $37.3k .

The CarMax offer of $32k was not unreasonable. No hassle getting money, dealing with tire kickers, title transfer, paying off existing loan and possible issues with prebuy inspections. Drive it on and 30 minutes later you have a bank draft in your hand.

JR

 

What did the OP decide on?