car trade in advice.

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socal123

New member
I have a 2008 lexus gs 2008 with 105K miles on it.  Repairs and maintenance are getting pricey. Should I keep it or trade it in.  Looking at needing break pads and some coils replaced over the next few months. Today one fuel sensor needed replacing?900 bucks!
 
depends on what you plan on getting. if you plan on getting something equivalent in price range, best to keep your gs. true, maintenance is slowly starting to add up but that still doesn't compare to a monthly payment. if anything, you're just trying to convince yourself you "need" a new car.
 
Old luxury cars tend to be money pits. If you can afford it, lease a brand-new one and get a really good deal on it. You'll spend just about as much on your lease payment as you would on maintenance/repairs and many leases now come with free scheduled maintenance. Plus most luxury dealers give you a free loaner car for any service. If your old car is in the shop a lot, you have to figure out transportation during that time.

As a huge bonus, you save on sales tax by leasing compared to buying and trading-in. Leasing is very complex so dealers love to take advantage of you. Getting a good deal on a can be a lot of work.
 
socal123 said:
I have a 2008 lexus gs 2008 with 105K miles on it.  Repairs and maintenance are getting pricey. Should I keep it or trade it in.  Looking at needing break pads and some coils replaced over the next few months. Today one fuel sensor needed replacing?900 bucks!

You mentioned break pads, newer type of cars need break pads also.
 
eyephone said:
socal123 said:
I have a 2008 lexus gs 2008 with 105K miles on it.  Repairs and maintenance are getting pricey. Should I keep it or trade it in.  Looking at needing break pads and some coils replaced over the next few months. Today one fuel sensor needed replacing?900 bucks!

You mentioned break pads, newer type of cars need break pads also.


Yes but on a new car the break pads, sensors etc would be covered under warranty at least until 50K miles.  900bucks for a sensor ouch. I think I may just keep the car and see how it does next year or so and if the repair bills get outrageous I'll probably trade it in
 
At the end of the day, if you were to get a new car with a car payment it would be about $500-600 per month (assuming mid luxury car)

That one sensor is about 2 months of driving a new car.

So if you do drive for one year without any other major issues, you'd save about $5,000  (Save or push back this money that would be spent)
Then again, the emotional part of the added stress of something potentially going wrong may not be worth the money saved.

From what I've seen, trading in usually isn't a good deal.  Try to find a whole seller who will purchase the car from you or carmax at least.
 
Coleman said:
At the end of the day, if you were to get a new car with a car payment it would be about $500-600 per month (assuming mid luxury car)

That one sensor is about 2 months of driving a new car.

So if you do drive for one year without any other major issues, you'd save about $5,000  (Save or push back this money that would be spent)
Then again, the emotional part of the added stress of something potentially going wrong may not be worth the money saved.

From what I've seen, trading in usually isn't a good deal.  Try to find a whole seller who will purchase the car from you or carmax at least.

Cadillac advertises a $299/mo lease with only $749 due at signing on the ATS:http://www.cadillac.com/current-offers.html?x-zipcode=92626

If you bid dealers against each other you should be able to get it even cheaper / get options included at no additional charge. You can typically get similar deals leasing a G37 and sometimes a 328 or IS.
 
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