Blog / Save Your Dollars By Purchasing An Older Vehicle Rather Than

Thursday, 29 September 2011 at 03:11

"Getting a Lexus that has been on the road between one and two years tends to make sense although we all like the idea of having a new one along with the feelings that come with that. I was cautioned against acquiring new Lexuss by my own grandma a long time ago. Her advice appeared to be to find a Lexus that had not clocked up too many miles and was around two years old. This should show that the vehicle I ended up owning was in fairly good order especially since any work that had been needed on it up to that point would have been done.

There are other positive aspects to purchasing a somewhat older Lexus in addition to those above which I still follow now whenever I decide to purchase a Lexus. I am going to now look at the savings that can be made when you buy a Lexus that has been on the road a while and yet still fairly new.

The truth that a new Lexus's value diminishes by thousands once you have driven away from the Lexus dealer is a factor you have maybe not thought about. Perhaps you imagine you have bought a Lexus that is excellent value for money if you paid $25,000 for instance but in reality you haven't. The value might be as low as $20,000 as soon as you wave goodbye to the Lexus dealer. In reality in the course of that first journey you'll have taken a hit of $5,000 and this occurred in just a few minutes of time.

If you think maybe I'm exaggerating, go and get a new Lexus. Afterward drive it nowhere else but directly home. Go back to the showroom the day after and see what value they set on your Lexus then. Inside the space of a 24-hour period, you may learn that the Lexus you paid $25,000 for has a proposed trade price in the range of $15,000 to $20,000.

Over the years this has been the typical approach of doing things. But now a number of dealerships are offering you a 100% trade in value for 30 days after you buy the Lexus. But the moment those 4 weeks have ended, you are out of that $5,000 no matter how you look at it. You might possibly make a bigger loss if you try to get a buyer for your Lexus yourself.

At this point whenever you buy a Lexus that is a year or two old you won't be losing that instant depreciation when you drive it off the lot. If there have been issues with the Lexus these should have long been solved as my grandmother originally stated. Once you view it like this, by purchasing a pre owned Lexus with low miles you will actually be getting more for your money than if you bought a new Lexus at the dealership.

This is simply just something to bear in mind the next time you are thinking about getting a new Lexus. You might have to sacrifice the attraction of a new Lexus to end up with the most cost effective transaction." ,



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