I'm looking to buy a 2001 Used IS300 soemtime early next year and i'm curious to what you guys would think that the price would be for one. On Edmunds.Com right now, the TMV for the New 2001 is only 27500. TMV is true market value for you newbies. What do you think?
As far as I know, the IS loses appx. 25% in the first year, and goes on to lose 41% overall in 3 years. That's what was given to me when I went to get lease terms, etc. That would make the TMV just about on the money for a $36k loaded IS300 purchased in late 2000.
Actually the 27500 is the TMV for a "New" 2001. That's under invoice. I'm not gonna buy new..may lease though...what are some lease deals going on?????
You guys dont understand the TMV. Edmunds.com rates cars on overall value and then explains what the "real" value of the car is. they also explain dealer mark-up and crap like that. The TMV for the 2001 is300 new is 27500. That is what the car is worth, not what they sell it for. Rebates are only done by dealers to make you think your getting a kick-ass deal...I'm just trying to figure what I should save for a used 2001 is300 with around 20,000 miles or something....24k, 23k what?
Originally posted by Frankie Flowers: I'm looking to buy a 2001 Used IS300 soemtime early next year and i'm curious to what you guys would think that the price would be for one. On Edmunds.Com right now, the TMV for the New 2001 is only 27500. TMV is true market value for you newbies. What do you think?
Originally posted by Frankie Flowers: You guys dont understand the TMV. Edmunds.com rates cars on overall value and then explains what the "real" value of the car is. they also explain dealer mark-up and crap like that. The TMV for the 2001 is300 new is 27500. That is what the car is worth, not what they sell it for. Rebates are only done by dealers to make you think your getting a kick-ass deal...I'm just trying to figure what I should save for a used 2001 is300 with around 20,000 miles or something....24k, 23k what?
There are different forms of rebates, but none of them are offered by the dealer. They are offered by the manufacturer to dealers or directly to customers. Lexus recently had a manufacturer to dealer rebate of $1000 for the IS. That reduced the cost basis for the dealers by $1000. That is why the TMV of the IS was below invoice price. Edmunds will soon update the TMV as this rebate expired.
As to your original question, nobody really knows how much the IS will depreciate, since this is a new model. The market will determine the price. Right now, used fully loaded ISs are fetching around 29K.
In australia the Is200 holds 2nd place in reslae vaule after the SLK 230 if i remember correctly... I got my car for 69k AUD and should be around 58KAUD now... not sure about the US market though
TMV is a statistical measure of what people are paying for a car... not what it's worth. Worth is relative, like diamonds in the desert vs. water. TMV does take into account any rebates, as those are reflected in actual transactions.
Originally posted by Frankie Flowers: You guys dont understand the TMV. Edmunds.com rates cars on overall value and then explains what the "real" value of the car is. they also explain dealer mark-up and crap like that. The TMV for the 2001 is300 new is 27500. That is what the car is worth, not what they sell it for. Rebates are only done by dealers to make you think your getting a kick-ass deal...I'm just trying to figure what I should save for a used 2001 is300 with around 20,000 miles or something....24k, 23k what?
Amen DJ projected expect the IS to loose about 6-7 grand in value every ten years.
This is an average for lexus vehicles provided to me by my INS. company
According to this site: http://www.auterraweb.com/aboutcan.html
The first year IS to have a CAN bus was 2006, which was in the 250 and 350.
My question is that does the 2001-2005 IS have multiple ECU's and if so how do they communicate (i.e. proprietary, ad-hoc)?
Thank you.
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Hey guys and gals,
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