Wanted Lexus 470 or LC SERIOUS and IMMEDIATE BUYER

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I don't have one ready at the moment. But keep and eye on my signture and let me know if you see something you like?
 
Was just asking around for a fare price for this. 2000 LC, 155k miles, New BFG AT"s (less than 500 miles), timing belt replaced within the year, leather interior in good shape, no mechanical issues. Live in Wilmington NC. Probably going on the market soon.

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I have been looking for a few months and have one under contract in Alabama.

Here's my experience, anecdotal:

  • Some really good vehicles, and some really decent prices, have been offered here. I set an alert to this board after missing one of the best about two weeks ago. Go to the top of this forum and click the "Watch" button.
  • It seems that if Lexus dealers get them in trade, and they are in good shape, they will offer them at a reasonable price. I suspect they feel like they can turn a decent profit over wholesaling them out without having to do too much to get rid of them. I saw an outstanding example at a Mercedes dealer, too. So listings from luxury car brands seem like possible places to jump on.
  • Both of those popped up on Autolist. Pretty good web site, and app. I set alerts for my specific search and it's how I found the one in Alabama. (I pick it up next week, we'll see how that goes.)
  • Many of those Autolist listings have free Carfax reports, but even if they don't you can do a Google search to locate the dealer, and they frequently offer them.
  • Independent used car lots are tough. I don't think I would try them without seeing the car. Most that I have been able to track online have been in the Salt Belt (no matter where they are being sold) or have sketchy service records. I think the general narrative is these folks are grabbing cars at auction that would have sold quickly as trade-ins if they didn't have flaws. Also, the sales people are almost always completely unfamiliar with the cars, and are unable to answer the obvious questions. The exception seems to be the high-end or performance car specialty lots, but they charge a pretty serious premium.
  • Craigslist can be great ... and not so great. Here's a way to search craigslist nationally: Link to Google custom search. I changed the query to: allintitle: ("LX470" | "LX 470"), 2006 OR 2007 to weed out the many, many listers who include "LX 470" in their page keywords to draft on the popularity of this search. That query grabbed anything with the variant of LX 470 and either 2006 or 2007 in the page title. (The page titles can't be larded with fake keywords.)
  • Good ones get snapped up fast. Like within hours. But I've seen dozens come up in the past few months. If you are willing to more deeply investigate the ones with questions, you probably have time to do so.
  • When a vehicle with reasonable mileage doesn't go fast, it has seemed to be because of rust or AHC issues.
  • With the VIN, you can sign on to http//:drivers.lexus.com, create an account, enter the VIN, and review the service records - at least the ones that were done at the dealer. I checked on at least 20 this way.
  • List prices for LX 470s, for the time I've been watching, almost always exceed the book values for "outstanding" examples (or however the service terms the most exceptional cars) by thousands of dollars. They even exceed the NADA values (which typically are a $1,000 or more higher than Carfax, Edmund's or Kelley). I have no idea whether the list price is close to the selling price. I just looked through a list I had of 21 cars and their advertised prices averaged 13 percent more than the average book value from NADA, Kelley, Edmunds and Carfax. That's almost $2k on a $15k vehicle.
  • If you can deal with a little rust and are willing to overhaul/replace the AHC, there are some much-lower priced vehicles out there.
 
I will be listing my 2001 100 Series soon. I work for Toyota and it has been maintained at our dealership since new. Have $10,000+ worth of service records, all done by Toyota master mechanics (except the oil changes) and Toyota genuine parts used. Has aftermarket flip out head unit installed, Focal speakers, 6" sub with amp in rear. Like new 285 BFGs with around 6,000 miles on them. A laundry list of new parts, including radiator, rack and pinion, etc. 200,000 miles and runs like a top. Will be offering to do any service requested at our cost as well as part of the deal.

Edit: Selling because we are moving and I will have a 45 mile commute to work every day, so I'm switching to something more economical. I'll get another weekend warrior eventually.
 
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Got one! 2005 with 128k, silver very little rust. Needs some cosmetics nothing too big. Front bumper cover biggest issue need to bring black parts back to life (trim and around windows on doors. was going to give Meguiar's
a shot. Any suggestions would be appreciated.
 
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tjb said:
List prices for LX 470s, for the time I've been watching, almost always exceed the book values for "outstanding" examples (or however the service terms the most exceptional cars) by thousands of dollars. They even exceed the NADA values (which typically are a $1,000 or more higher than Carfax, Edmund's or Kelley). I have no idea whether the list price is close to the selling price. I just looked through a list I had of 21 cars and their advertised prices averaged 13 percent more than the average book value from NADA, Kelley, Edmunds and Carfax. That's almost $2k on a $15k vehicle.
Click to expand...

If anyone searches this thread in the future looking for shopping advice, I thought I'd just add this single data point about list price.

I paid 82 percent of the original list price for a 2006 LX 470 at a Lexus dealer in Alabama last week. That ended up being about 0.5 percent more than the average Kelley, Edmund, NADA and CarFax book value for for an 'outstanding' example with its mileage from a dealer. I'd say this car was more "clean" than "outstanding" - a couple of parking-lot type dings, telescoping steering motor doesn't work, slow seep from one or both valve covers, needs speaker foam on the subwoofer (at least), hood struts shot. No rust, though, very well maintained (all at Lexus dealer, religiously every 5k), very clean interior. I didn't negotiate that hard - the dealer undoubtedly had more room to move, but I liked it and had been looking pretty hard for six months.

FWIW.
 
CJS1 said:
Got one! 2005 with 128k, silver very little rust. Needs some cosmetics nothing too big. Front bumper cover biggest issue need to bring black parts back to life (trim and around windows on doors. was going to give Meguiar's
a shot. Any suggestions would be appreciated.
Click to expand...
Congrats!
 
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