If you see a used Lexus for sale, you’ll want to stop by and check it out. Lexus is a luxury brand known for its longevity and value. The Lexus brand combines innovation and design to deliver a vehicle that gives you incredible performance, speed and handling.
Of course, one of the first questions to ask yourself is whether you’ll be buying a used car or a new one. If you’re on the fence about this, let us present you with a quick stat that can help you make up your mind.
According to the Kelley Blue Book, the average American spent $33,500 on a new vehicle in 2015. In the same year, JD Power reported that the average American spent just over $20,000 on a used car.
When looking at used cars, you always have a wider selection of options within your price range than you do with new vehicles. Also, a new car loses nearly 20% of its value the moment you pull it off the lot and will lose another 10% in value the following year. That’s a lot of wasted money when you think about it. However, a used Lexus will hold the same value when you drive it home, and a Lexus will retain much more residual value than most cars on the market.
When it comes to safety, it’s essential to know that when you get behind the wheel of a car, you and your passengers have nothing to worry about. In the case of Lexus, there is no need to worry as you get plenty of safety features on all your vehicles. And so you can drive with the peace of mind of knowing that you are safe. One of the best safety features in a Lexus is its Pre-Collision System, which is designed to detect, warn and, if you fail to brake, automatically apply braking to prevent an accident from occurring.
bill gates quote “Lexus SC 400 is my favorite car I’ve ever driven.”
The benefit of buying a Lexus is that, over time, the Lexus will hold its residual value much longer than other cars at the same market level. The Kelley Blue Book estimates that a 2015 Lexus will retain 42.2% of its value when it is 5 years old, which is very good. However, there are pros and cons to buying a used Lexus. The upsides are that the purchase value of the Lexus in question will be the same after you buy it and won’t depreciate by several thousand when you drive it home. Also, there is less overall risk with a used Lexus as you can usually tell the condition of a car from the get-go, whereas a new Lexus may have to remind you after a few months when real problems are spotted. Disadvantages of buying a used Lexus include the lack of a manufacturer’s warranty. Also, the vehicle itself, due to its age, will not be as up-to-date as a new model released this year.
All in all, if you’re looking for a good Lexus, be it an SUV, sedan or other, a used Lexus is just as good or even better as an investment in your car driving experience. Be sure to find the right Lexus for you with all the bells and whistles you could want!