$17K for used 2007 Lexus IS250?

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Old 31 Mar 2014, 10:54 pm   #1 (permalink)
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Default $17K for used 2007 Lexus IS250?

Thinking about buying a used 2007 Lexus IS250 off a family member for $17k. The car has about 45k miles(low mileage for 7 yr old car) and is in pretty good condition. He hasn't abused the car and for the most part has kept it garaged and has gotten regular maintenance on it. I've had a chance to test drive it and it drives good(though im comparing the drive to my current 1998 Honda Civic). It doesnt have all the bell and whistles( no bluetooth or navi) and is not fully loaded. It does have things like wood trim, heated seats, HIDs.















Also i wouldnt have to pay the 'Use tax' when transferring the title since its family. Use Tax is same rate as sales tax so im potentially avoiding a extra $1-2k on top of the purchase price. Also i know how the car has been driven vs buying it off a stranger via private party. Is $17k a fair price? Too much? Looking for opinions. Thanks!
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Old 31 Mar 2014, 11:09 pm   #2 (permalink)
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Sounds like an okay price I suppose. http://www.kbb.com/lexus/is/2007-lex...=private-party















They agree that it's worth that amount, so if you like the car then cool.















I don't like that car as it's too small and low on power for my tastes. I also can't see dropping $17K on a 8 year old small sedan. I can buy a new car of the same size for a few grand more.
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Old 31 Mar 2014, 11:24 pm   #3 (permalink)
tim
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If your spending that much you might as well look for a well optioned one. And in my opinion an is250 is underpowered for a car that heavy. Try looking into an is350 instead. You can get one for around the same price and they are very well mannered and strong when compared to an is250
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Old 31 Mar 2014, 11:40 pm   #4 (permalink)
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It's a fair price, although I've personally never been a fan of sales transactions within family. You can't really negotiate, you always feel like you could have gotten it a little cheaper elsewhere and the family member selling it will always feel like they could have gotten a little more. You both think you're doing the other a favor. If anything should go wrong within the next year or so, there can be a tendency to blame (even silently) the person who sold it to you, even if they didn't know something was about to break. For market value business transactions, I avoid making deals with family, as either the buyer or the seller. The potential personal complications are too much.































I like the car, ir's a fair price, but probably nothing you couldn't get elsewhere for similar money.































Good luck!
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