Depreiciation

[dazzab69]

Just been told by a Lexus dealer who shall remain nameless that my 2001 IS200 will be losing £250-300 per month ! Is this as laughable as I think or am I mistaken ?

[ColinBarber]

Sounds about right. Slows down the older/cheaper the car gets.

[LennyLexus]

sounds about right from new!!!

Why did you point this out

I cant look at my monthly payments the same agian.

But I'm not looking to sell :P

[IS300]

I recently traded in my IS200 SPORT '02' and worked it out that i lost £266.66 per month . I expect im losing more than that now on my IS300 '04' :o

Its not that drastic really when you think of other cars that depreciate more rapidly.

Items that have a huge demand but are in short supply keep a good price, just look at the house market ! :duh:

[LennyLexus]

Items that have a huge demand but are in short supply keep a good price, just look at the house market ! :duh:

may be lexus should keep them in short supply ;)

8 month waiting time for the SC :)

[d3fy]

Just been told by a Lexus dealer who shall remain nameless that my 2001 IS200 will be losing £250-300 per month ! Is this as laughable as I think or am I mistaken ?

Great, that makes my monthly payments seem so much better now :duh:

[dazzab69]

sounds about right from new!!!

Exactly, but the implication was that if I traded in June it would be £250-300 a month less ! If a 2001 car is losing that much it would be worth £3000-3600 less next year, which is ridiculous.

Appologies for any financial crises caused .