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Lexus LS 460, Car Buying, Sedan
#178 of 360 08 vs. 07 LS
Apr 25, 2008 (6:44 pm)
In the past, I have always sought suggestions from this forum before making a purchase and it has been very helpful. I need suggestions and recommendations from our knowledgeable members about a decision that I have to make soon. So I am back seeking more advice.
Below are LS 460 models that I am considering;
Vehicle I: 2007 LS 460 with approx. 8000 miles; Comfort plus; Intuitive Parking Assist/Navigation system/Mark Levinson/Advanced Parking Guidance/Lexus link. Original price was $71435; asking price is $62000.
Vehicle II: 2008 LS 460 with 1800 miles; Navigation system/Comfort package/Intuitive Assist. Original price $68305, asking price $63800.
They have the same interior and exterior colors.
Which one is these two is a better deal?
Thanks in advance for your suggestions.
#179 of 360 Re: 08 vs. 07 LS [wabends]
Apr 26, 2008 (4:28 am)
The 08 is preferred because it has an updated Nav system--no more "I agree" and there have been less complaints about wind noise on 08 vs 07 models. (Some mods were made to reduce wind noise)
#180 of 360 best prices
Apr 26, 2008 (11:55 am)
What dealer in the states that is giving the best prices on a ls 460 08 , or 07 used or new . I live in dfw but i see florida got real good deals.
#181 of 360 Re: Oops [mcrib]
Apr 26, 2008 (12:41 pm)
What dealer is this in florida?
#182 of 360 Re: 08 vs. 07 LS [sidgriggs]
Apr 26, 2008 (12:44 pm)
Thanks for your reply. Do you know whether the sound quality is significantly different without the Mark Levinson reference option?
#183 of 360 Re: 08 vs. 07 LS [wabends]
Apr 27, 2008 (1:43 am)
At first glance, neither of those prices seem very agressive IMO, but depending on which region you live in, pricing could definitely flucuate.
Assuming a competitive market, IMO - Vehicle #1 is priced too high. Even if it is a demo, with 8000 miles, it's a used car anyway you look at it and you need to subtract out, at the very minimun, 20% for the first years' depreciation. 25% from it's original MSRP would be advisable.
Let's take vehicle #2: That vehicle which lists at $68,305 (new) had an invoice of ~ $60,000. Now, someone has driven ~2000 miles of depreciation out of it. I'd use the aproxx. new invoice price on that vehicle then subtract out somewhere between .30-.40/mile and use that price as a starting bid.
#184 of 360 Re: 08 vs. 07 LS [ocautoseeker]
Apr 27, 2008 (3:09 am)
Thanks. I live in FL but the vehicles are in MD. 20% off the MSRP for the '07 vehicle will bring it down to approximately $54K. A quick Autotrader search showed that lowest asking price for similarly equipped vehicles is $60K. So, will 20% off be realistic starting point?
I will try your recommendation for the '08 vehicle and see how far that will go. I will post the outcome of my negotiations on this forum.
#185 of 360 Re: 08 vs. 07 LS [wabends]
Apr 27, 2008 (7:27 am)
I had the Levinson system on my 04 LS430, but not on this 07 LS460. I really can't tell the difference (my hearing is far from good), but I also have an override on my Nav system--which means if I had the Levinson, I could watch DVDs while driving. One of the best options to me is XM. I listen to it 99% of the time I am in the car--don't know if the levinson system would improve on the quality of XM sound--but I am very pleased with it the way it is.
#186 of 360 Re: 08 vs. 07 LS [wabends]
Apr 27, 2008 (10:50 am)
Absolutely! 20% off is not insulting. The prices you see are "asking prices", you have to figure that there is anywhere from 10-20% mark-up on those asking prices as well.
So, take 10% off 60k and you're at 54k.
Best of luck!
#187 of 360 Re: 08 vs. 07 LS [ocautoseeker]
Apr 27, 2008 (1:12 pm)
Thanks for the explanation. I am going to start with the 20% reduction in price. Any thoughts about '07 versus '08? In this case the '07 has a few more gizmos than the '08 and I am just wondering whether that makes a difference. I plan to keep this car past the 5-year mark