I'm looking at a 2005 LC with 135K miles on it. It's black with tan interior. 1 owner vehicle, all dealer serviced/maintained (including timing belt), spotless clean, stock, non smoker. Only aftermarket thing is headrest DVD players. Texas truck with no rust. What's it worth?
05 value question
- Thread starter TexasD90
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I agree with the 17-18k comment above. Not sure what your budget is, but if I were you and depending on what you want to do with it, I'd look at spending a bit more to get an 06 or 07. There are a few in the low 20s that look pretty nice. Conversely, you could go find an '03 which was the first year of the 5speed tranny and save a few bucks over the 05.
Spotless clean and no rust is super important, so you're on the right track!
Spotless clean and no rust is super important, so you're on the right track!
That valuation sounds about right, but I would not expect to see that price at a mainline dealer very often. Curious if the Yahoo article which rated the 100 Series LC/LX the number 1 used vehicle will have any effect.
Agreed. It's very hard to have a one-size-fits-all valuation. 05s in the PNW even with 135 on the clock would be 20k+ probably 21 or 22. Asking from a dealer would be 25k. Texas seems like the value epicenter for our trucks. Just a long way to see 'em in person.
It partly depends on how many are in your market; these vehicles are hard to find. I paid more than I had initially planned last month for my '07; I had been looking for 6 weeks, and my best bargaining chip was a Sand Dollar Pearl '07 with more miles that was nearly 4 hours away. I negotiated to a fair price, content with the condition of the vehicle (excellent), the color of my preference (white), and a very complete service history (vehicle sold as a CPO in 2012).
I wouldn't let lack of a timing belt service history keep me from buying a vehicle. Last year I bought an '05 Sequoia with 133k, fair shape, no timing belt done. I used the lack of maintenance as a bargaining chip, then negotiated with a few dealers on price to have it done to my satisfaction. At that point I knew it had been done right, it was one more step on having the car baselined, and it didn't need to be done for at least another 90k.
I wouldn't let lack of a timing belt service history keep me from buying a vehicle. Last year I bought an '05 Sequoia with 133k, fair shape, no timing belt done. I used the lack of maintenance as a bargaining chip, then negotiated with a few dealers on price to have it done to my satisfaction. At that point I knew it had been done right, it was one more step on having the car baselined, and it didn't need to be done for at least another 90k.
When looking for an 03 less than 2 years back, dealers in Reno were asking $35k for a LX with 115k mi
. Found one in Texas for $21k shipped (110k mi service just completed, full Lexus dealer service history). CA was a little bit better but like Oregon said, for some reason TX seems like the place to buy one.I'd personally go for either an 03 and spend the savings on goodies, or spend a little more and get a 06-07 with the better engine. I wouldn't worry to much about miles if the service history is good.
If it was a soccer mom garage queen with good maintenance history records, including timing belt, I would go $20k. Figure the cost to clean, polish, repair, tires, etc and subtract from that number.
That's how I did it when I bought my '05 w/ 119,000 miles in 2012. It also helped that it was a trade at a Lexus dealership, was locally owned and serviced at the nearby Toyota dealership. By far the best vehicle I've ever owned.
Good Luck!
That's how I did it when I bought my '05 w/ 119,000 miles in 2012. It also helped that it was a trade at a Lexus dealership, was locally owned and serviced at the nearby Toyota dealership. By far the best vehicle I've ever owned.
Good Luck!
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Thanks for the input. Supposed to make transaction in my 80 tomorrow, and then I'll really be on the hunt. They are asking 20,999 for the 05. I told them it was worth 17,000 and I haven't heard back from them. Oh well, I'll keep looking.
I paid $23k 1 1/2 years ago for a 2005 LX in Las Vegas. Las Vegas vehicle maintained by the book since new at local Lexus dealer, (bought at local BMW dealer) 110k miles. No rust, new Michelins, but it had road rash on front bumper and hood because of highway miles. I based lined everything on the truck and added Slee sliders and OME 2" lift with Slee diff drop. Now has 127k miles and I have about $27k in this vehicle. Should now not be much expense in the beast between 127k and 200k when he will need another 90k mile service. I'm telling you all this so you know that based on how long you plan on keeping your rig and what mods you want to make the cost is relative. I don't mind my beasts minor cosmetic blemishes I wanted a 2004-2005, not the 2006/07 which have more problems with that "upgraded" engine. Do some searches. Good luck