A recall earned Lexus a top reputation (2006)

Re:A recall earned Lexus a top reputation (2006) by ramraj07 on Monday November 23, 2020 @02:42AM (#25184406)

What does a lexus cost? Asking because I find it generally impossible to just lookup how much a car costs more or less, especially as someone who's never had to buy a car.

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Re:A recall earned Lexus a top reputation (2006) by gambiting on Monday November 23, 2020 @02:47AM (#25184428)

Lexus, like any brand nowadays, makes an upwards of dozen models in all kinds of price brackets. You need to be a little bit more specific.

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Re:A recall earned Lexus a top reputation (2006) by twic on Monday November 23, 2020 @07:19AM (#25185938)

Chicken and egg, though - as someone who has never owned a car, i wouldn't know which model to look at!

Is there scope for a levels.fyi for cars?

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Re:A recall earned Lexus a top reputation (2006) by supercollision on Monday November 23, 2020 @08:06AM (#25186338)

yes, and IIUC it's already a crowded market. I haven't been car shopping in a very long time so I'm not sure what's the current state of the art, but the Kelley Blue Book (edit: mentioned in a sibling comment) is probably the original and best-known one. First published in 1926, online since 1995.

https://en.wikipedia.org/wiki/Kelley_Blue_Book

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Re:A recall earned Lexus a top reputation (2006) by Thorrez on Monday November 23, 2020 @03:12AM (#25184592)

Here's a list of Lexus models with pictures, and starting new prices: https://www.caranddriver.com/lexus

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Re:A recall earned Lexus a top reputation (2006) by Brozilean on Monday November 23, 2020 @02:49AM (#25184439)

Kelly Blue Book and Edmunds can help you estimate. Although it's heavily affected by age and model.

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Re:A recall earned Lexus a top reputation (2006) by daniellarusso on Monday November 23, 2020 @06:27AM (#25185636)

Also note, pre-owned vehicle prices in the US have greatly increased since March.

The company I work for, we can provide the original window sticker for a pre-owned vehicle.

This had been a desired feature for several years.

Now, dealerships no longer want the customer to see that info on a pre-owned vehicles, because it has the list price of the vehicle as new.

The pre-owned price is very close to the new price.

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Re:A recall earned Lexus a top reputation (2006) by breakingcups on Monday November 23, 2020 @07:54AM (#25186234)

Do you know why those prices have increased? I naively would've expected those prices to drop due to COVID, not increase.

Also, why would one still buy a pre-owned vehicle if a new vehicle is available for a very similar price?

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Re:A recall earned Lexus a top reputation (2006) by daniellarusso on Monday November 23, 2020 @09:18AM (#25186957)

So, the current ‘joke’ is, buy a brand new vehicle, wait a month for its value to appreciate, then sell it back to the dealership.

My guess on the reason for the pricing increases is several factors:

At the beginning of the ‘shutdown’, it affected auto auctions, where dealers obtain a decent amount of their pre-owned inventory, besides trade-ins.

Actual manufacturing shutdowns decreased new car outputs

The rescue package allowed for a substantial jolt for vehicle financing, and it is not uncommon now for people to finance a car for a 6 year term. There are also 7 year terms, now.

So, awash in finance money and limited supply.

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