2004 Lexus Gs 300

[Kaus]

I'm new to this forum and actually looking for some advice on the price for a 2004 Lexus GS 300 with 12400 miles; has built in Navigation System. The dealer is asking for $11,800. Is this a fair price in the bay area, CA?

Thanks in advance!

[pj8708]

I'm new to this forum and actually looking for some advice on the price for a 2004 Lexus GS 300 with 12400 miles; has built in Navigation System. The dealer is asking for $11,800. Is this a fair price in the bay area, CA?

Thanks in advance!

Welcome K to the Lexus Owners Club.

I did some research on your question and here is what I found:

First of all,would you write back and verify the mileage on the GS300? Is it really only 12,400 miles?....or is it 124,000 miles. Obviously it makes a whooping amount of difference in the price.

That car with 12,400 mile in excellent condition is currently marked at $15,509. That is according to Kelley Blue Book values. (KBB.com)

In good condition, the value is $14,809. - In fair condition it's valued at $13,634. If the miles are actually 124,000 the value drops below $10,000.

The price the dealer is quoting you is far below even the value of the car if it is in only fair condition....again, assuming the mile are correct. Doesn't sound quite right...the puzzle pieces don't quite fit which makes one wonder about the condition of the car. Have you asked for a CarFax report? GET ONE!

Come back re; the mileage. Also go online and look at Kelley Blue Book and also Edmund's for car value information.

Paul

[Kaus]

Thanks, Paul. That's very useful. And sorry, I missed the zero! The mileage is 124000.