Used Values-Inflated? (1 Viewer)

[Hokie99]

Anyone want to weigh in on the current LC/LX used values? From what I’m seeing they are 20-25% higher than KBB.

2013-2014 LX570s are 38-45k for 70-90k miles, for southern no accident examples.

Should I wait 6 months and try in the Spring or do you think these values are the new normal and KBB is just way off..?

 

[04UZJ100]

The Rona premium.

 

[Hokie99]

The Rona premium.

Agreed, but how long do we all think this premium will stay in affect? Any guesses?

 

[04UZJ100]

Agreed, but how long do we all think this premium will stay in affect? Any guesses?

While I vehemently disagree - is another lockdown imminent? Nobody knows. I would say once news is really really out about no more 200s in the US, the premium will only increase. For now, only a select few diehards like us know the Cruiser is dead in the US.

 

[hickuptruck]

Very inflated. Not just 200s and LXs but also trucks and suvs from GM and Ford.

1- Rona tax 2 - Rona undersupply 3- dirt cheap gas prices 4 - Most people buy things for that short unlasting warm feeling inside when in times like a lockdown or Covid frustration

 

[rlynch356]

Yep, those 3 things are the drivers #4 is a normal thing... I traded a 19' Tundra TRD-P for a profit on the 17' 200.. (which was at KBB list in June, with a CPO warranty) now they have gone a bit crazy.
Were looking for another one (or an LX) which is why I have been tracking prices.

 

[ridetime]

If you think prices are high now just wait until there are no more new ones available for sale and the only option is the used market.

 

[catastrofe]

If you think prices are high now just wait until there are no more new ones available for sale and the only option is the used market.

This.

 

[LexCruiser08]

Picked up my 08 LX (cream puff old lady owned in Atlanta) for $24k earlier this year. Had 120k miles on it, I feel like I got a steal.