sphereman

looking to buy a used SC
one dealer has an 02 SC with 48000 miles. It is a certified pre owned vehicle.
They are asking $40k. Is this a good or reasonable price?

It is white and i am in CA

brianley

I'd say its reasonable. I paid $37,500 for a black 2003 w/ 30k miles, but it was from a wholesaler and didn't have the CPO. I'd request the navigation DVD be upgraded to the latest version.

Out of curiousity, What sort of tread depth is required for CPO?

Max707

I just bought a 2003 Black on Black with 11K miles, it is as "new" as a used vehicle can be and it is a CPO vehicle so it has the 3 year 100K mile bumper to bumper warranty. I bought it from the local Lexus dealer for $46K, clean carfax and it was a one owner. It had the runflats replaced with new PZero Nero's and it had the 30K mile service done since it was 3 years old which included changing "all" fluids and filters (air and air conditioning). I would think a 02 SC with 48K miles with the CPO warranty would be around $36K for a good deal.

StunnaSC

thats allot of miles for 40k

PhilipMSPT

iTrader: (5)

My local Lexus dealership once had two '02 SC430s with about 40k on them earlier this summer.

Each had a sticker for $44k, then on one weekend, they lowered both each to $36k. The both sold that weekend...

TEXAS83

i bought my 02 silver/ecru back in june with 47K miles, absolutely flawless condition, with 3000 miles of original factory warranty left for $32900, this took 2 days of negotiations and a 4 hr drive. I was ecstatic to get this price!

veilstylez

although its CPO its sounds like its A LOT. I agree 36k is more like a good deal. For $40k id look for atleast a 2003.

SCM3

35K or less is a good deal.

sphereman

Thanks everyone!!

I also came across a 03 (not 02) model with exactly same milesage but it is not a CPO. dealer wants $40k. what would be a good or reasaonable price for this 03??

Thanks!!

I really want an SC in my garage cry:

MBoom

Kind of an odd way to jump into the group, but here goes my first post: I just bought an '02 CPO with 41K miles for just under $37,000. However, there's a kicker: I got about $3,000 above the going rate for my trade-in. I'm not sure why the dealer decided to structure things that way--maybe they were just thinking this would make me more likely to take the deal.

The dealer also had an '03 with mileage in the upper 40s (48-49K, as I recall) for $36,995.

However, this is a much different market than CA. I'm in the Chicago area, cold weather is approaching, and the dealer had--for a period of a few days--three CPO SCs on the lot. One of the salesmen I spoke with acknowledged this--he said that we were at a point in the year where the dealership might just put the SCs in storage for the winter and get them out in the spring, then put a higher price on them.

Anyway, the bottom line is that from my distant perspective, the prices you're being quoted don't sound all that great.

sphereman

thanks!! i think $35k or below for a 02 CPO is a good deal.
i will keep looking

LeslieRC

That strikes me as a lot for an `02 with that many miles. I traded-in my `04 SC430 that had 11,800 miles on the odometer this past July. My credit union did the research for me and told me that the trade-in value was $45K and the resale value was $48K. I sold it for $45.8K; the car was very clean, ALWAYS garaged, and clear bra-ed.

The `02 was the first year for the SC430 and it had a few problems with the top operation (I used to own an `02 as well). I think you can do much better.

Good luck!

MBoom

I agree--I think the price I ended up at, understanding that the dealer effectively "discounted" his price by giving me an artificially high trade-in allowance, was very good. The asking prices I've seen for comparable cars in this area have generally been significantly higher. The dealer I bought from, Lexus of Naperville, claims to be one of the highest volume Lexus dealers in the country. This is probably due, in part, to the fact that they are relatively aggressive in their pricing.

However, I'm also somewhat realistic in realizing that I didn't get such a good deal because I'm a master negotiator. It was largely due to my timing, in the sense that I stumbled onto a dealer in the snow belt who happened to have three used SC's in stock at the cusp of the winter season.

ghmundt

For reference, I am in Chicago and have just decided to sell my 05 SC 430 with 9500 miles, new Michelin Pilots A/S non runflat tires and the spare tire kit for $50000. While not certified, it still has over 2 1/2 years of the original warranty.

sphereman

thanks, guys.

here in California, all SCs are priced simiarly. a bit less than 40k for a 02.

do you guys think knocking $5000 off of their asking price is possible? or even doable, on these cars?