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What a Price Drop!

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Old 11-04-19, 02:21 AM
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bigblack06
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Default What a Price Drop!
Is it just me or did the LS 500 drop a lot more than anyone expected. I'm seeing them for around the $66K mark for a 18 with around 16k miles, these things drop in price more than I expected. I thought they would hold around the $70K mark.
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Old 11-04-19, 07:36 AM
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vantage78
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Originally Posted by bigblack06
Is it just me or did the LS 500 drop a lot more than anyone expected. I'm seeing them for around the $66K mark for a 18 with around 16k miles, these things drop in price more than I expected. I thought they would hold around the $70K mark.
I think the market is factoring in the massive discounts the LS got during the new sales. Considering the typical 20% off new LS msrp, $66k for a used 18k mile doesn’t seem bad at all. Are these Autotrader data points you are looking at?
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Old 11-04-19, 08:05 AM
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I've noticed that. Big discounts on msrp. Plus slow new sales. It would probably be impossible or extremely expensive to trade mine in early unless I was getting another Lexus.
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Old 11-04-19, 08:08 AM
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Originally Posted by vantage78
I think the market is factoring in the massive discounts the LS got during the new sales. Considering the typical 20% off new LS msrp, $66k for a used 18k mile doesn’t seem bad at all. Are these Autotrader data points you are looking at?
Cars.com is where I'm seeing these numbers
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Old 11-04-19, 12:41 PM
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Originally Posted by bigblack06
Is it just me or did the LS 500 drop a lot more than anyone expected. I'm seeing them for around the $66K mark for a 18 with around 16k miles, these things drop in price more than I expected. I thought they would hold around the $70K mark.
There is a $5000 factory cash + $2500 owners loyalty that made do new vs. used.
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