What a Price Drop!
#1
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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.
#2
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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?
#3
Pole Position
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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.
#5
Instructor
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There is a $5000 factory cash + $2500 owners loyalty that made do new vs. used.
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