bd37703 Posted December 4, 2005 Share Posted December 4, 2005 Hi, I'm looking at buying a LX470 - here is what I'm looking at: 1) Buy a pre-owned 2004 or 2005 - low miles - I've been doing some research and I should be able to get a 2004 with 15k miles for about $50,000 or 2) Lease a 2006 - the dealer offered me the following: $970/month (no down payment) for 36 months - 15000 Miles/Year What would you guys recommend? Thanks a lot for your help! Bobby Quote Link to comment Share on other sites More sharing options...
erupert Posted December 4, 2005 Share Posted December 4, 2005 Hi,I'm looking at buying a LX470 - here is what I'm looking at: 1) Buy a pre-owned 2004 or 2005 - low miles - I've been doing some research and I should be able to get a 2004 with 15k miles for about $50,000 or 2) Lease a 2006 - the dealer offered me the following: $970/month (no down payment) for 36 months - 15000 Miles/Year What would you guys recommend? Thanks a lot for your help! Bobby ← lease is allways tricky. are you certain that you aren't going to go over the mileage? You will spend $36K to drive that car for the next 3 years then turn it in. If you spend $50K on an '04, do you think that it will only be worth $15K in 3 years? Will you want to sell it after 3 years? I bought a '99 brand new for $61K. My plan is to keep it 10 years for an average of $6K/year ($500/mo) not including maintenance. I am just wrapping up year 7 with almost 120K on the clock and the only repair bill that I have ever had is a bad fuel injector around 98K. It's still in beautiful condition and is pretty hard to distinguish from an '06. Hope it helps a bit in your decision. Quote Link to comment Share on other sites More sharing options...
Leroy Posted December 11, 2005 Share Posted December 11, 2005 Depends on how long you intend to keep it. I love these cars and intend to keep mine forever as they do not seem to age. Ride, paint, interior, all stay new looking. I paid cash and hope I have it 200k miles later! Depends if you are this type of person or if you like getting a new one on a regular basis. Financially I'm in line with erupert! Don't waste your short term (3-5yr) money on a lease unless your company is paying. Quote Link to comment Share on other sites More sharing options...
cfbrenton Posted January 8, 2006 Share Posted January 8, 2006 (edited) no Brainer. Buy the 50k one. It is the exact car. In a year and a half you won't even remember that you did not have the car new....But your wallet sure will. Especially after you sunk $35k in a car that you are turning in. Your 04 will depreciate about $20k during that time, or less if you pay the market value of about $45k. $50k for an '04 with 15 k miles is high. I could get you an '04 with 21k miles right now for $48, without even trying to bargain. Edited January 8, 2006 by cfbrenton Quote Link to comment Share on other sites More sharing options...
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