Lexus is the luxury division of Toyota Motor Corporation and is marketed in over 70 countries. The original launch of Lexus included the Lexus LS. Later, Lexus added the coupe, sedan, convertible, and SUV. Every buyer has different wants, needs, and priorities. Once a buyer has decided on a Lexus, he or she must ask whether to buy new or used. Deciding whether to purchase a new or used Lexus is largely based on a buyer's budget, scenario, and lifestyle.
There is nothing like the new car smell. The advantages of buying a new car sound appealing: it is brand new, no one has ever owned it before, it is customised the way the consumer likes it, and it contains a full factory warranty. On the other hand, the used car market has changed dramatically. The quality and durability of vehicles has improved, ensuring they last longer, hence, there are more owners. The advantages of buying a used Lexus include: lower price, slower depreciation, lower insurance rates, and personal preference. New and used Lexus automobiles can be purchased from car dealerships or the online retail website, eBay.
Advantages of Buying a New Lexus
Most consumers weigh the options of purchasing new versus used. Typically, a new Lexus is more expensive than a used Lexus and buyers want to know if the advantages outweigh the disadvantages. There are many advantages to buying a brand new Lexus including: it is customisable, it has not been previously used, there is a warranty, it is equipped with the latest technology and safety features, it has a higher fuel efficiency and lower emissions, financing is available, and it requires less maintenance.
When a consumer purchases a brand new Lexus, they have the flexibility to select everything themselves. If a buyer does not want to special order a Lexus, a buyer can search for one with the right combination of options and interior and exterior colours.
It Is Not Used
While it may seem obvious, one of the greatest advantages of buying a new Lexus is the fact that it has not been used. The new Lexus has no wear and tear, no previous drivers have mistreated it, and it has only been driven around the lot.
Purchasing an untouched Lexus comes with the benefit of an untouched warranty. Lexus provides a basic warranty coverage for 48 months or 50,000 miles, whichever occurs first. Wheel alignment and balancing are covered for 12 months or 20,000 miles, whichever occurs first. The powertrain warranty covers the engine, transmission and transaxle, front wheel drive system, and rear wheel drive system. The warranty covers repairs needed to fix defects in materials or workmanship of the previously stated parts. The powertrain warranty coverage is good for 72 months or 72,000 miles, whichever occurs first.
Parts Covered for 72 months or 70,000 miles
Transmission and transaxle
Case and all internal parts
Engine control computer
Seals and gaskets
Front-wheel drive system
Seals and gaskets
Rear wheel drive system
Differential carrier assembly
Seals and gaskets
Overall, warranties are important when purchasing a new or used Lexus. It is imperative to understand what comes with the warranty. Sometimes it is worth paying extra for the warranty upfront in order to pay less for repairs later on.
Every year, there are a variety of upgrades made to a specific model. For example, 2009 had more advanced features than 2007. Multimedia and navigation are constantly evolving and improving. If the consumer has to have the latest when it comes to gadgets, then it is recommended to purchase a new Lexus. The latest technologies and gizmos can be added to a used car, but they come with additional costs.
Lexus aims to be a leader in safety for the industry. As vehicle safety laws become more and more stern, automakers are forced to adjust the way vehicles are built and the safety systems they include. New Lexus automobiles come equipped with the highest standard of safety features including: tyre pressure monitoring, stability control, blind spot monitoring systems, side curtain airbags, adaptive cruise control, and brake assist. Typical safety features that are included in a new or used Lexus include: safety belts, airbags, anti-lock brakes, traction control, tyre pressure monitors, and telematics. When comparing one Lexus crash test rating to another, it is imperative to see what the crash test standards were at the time of the test. A Lexus in 1999 could have scored very high on the crash test, but obviously, more safety features have been added, and a 2012 Lexus ranks higher.
Higher Fuel Efficiency and Lower Emissions
Fuel efficiency standards are one of the main reasons that vehicles have improved fuel economy. A new Lexus is more fuel-efficient than a used Lexus due to the stricter guidelines every year. The make of a Lexus is directly related to its fuel efficiency. In addition to the stricter fuel efficiency guidelines, rules are regulating lower emissions. The newest Lexus diesels are cleaner than ever before, and choices in the hybrid segment are growing as well.
A brand new Lexus includes free scheduled maintenance for a specific period of time or mileage. A Lexus with under 10,000 miles would still be eligible for the the free scheduled maintenance. It is recommended to take the new Lexus in for scheduled maintenance to prevent larger, more expensive repairs in the future.
Advantages of Buying a Used Lexus
The term "used" is very broad, anything that is not brand new is considered used. A consumer is able to purchase a used Lexus even if it is the current year for the model. In this case, if the vehicle has low mileage, then most likely, the consumer is much better off than purchasing the vehicle brand new. The advantages of buying a used Lexus include: price, depreciation, insurance rates, and personal preference.
Obviously, a used Lexus is less expensive than a new Lexus when comparing apples to apples. The advantage of buying a less expensive used car is that it allows a buyer to step up to a nicer, more expensive model. An example of a more expensive model is the Lexus RX. The price of a used Lexus varies based on the year of the car, number of miles, and luxury features. For example, in comparison to a new Lexus, a Lexus that is five years older, has 60,000 miles, and the exact same features is much less expensive.
A brand new Lexus depreciates in value as soon as it is driven off of the lot. Some vehicles depreciate by as much as 40 per cent in the first year, whereas, a used Lexus does not depreciate as quickly as a new Lexus. Also, purchasing a used Lexus eliminates some of the anxiety caused by the first parking lot ding or chip in the paint.
Insurance rates are greatly affected by the age of a car. A used Lexus is less expensive to insure because of the lower value of the car.
Used vehicles cannot be customised to the consumer's liking, but specific models may no longer be manufactured. Also, a consumer may be interested in an upgrade or a specific package that he or she is unable to afford in a new Lexus, but can afford in a used Lexus.
Other Considerations When Comparing a New and Used Lexus
If money is a consumer's major deciding factor and he or she properly researches, used is always a better deal. Lexus is considered a premium brand. Generally, when purchasing higher-end used vehicles, the consumer is able to get an even better deal in comparison to a normal priced used vehicle. Typically, a three-year-old Lexus with low mileage brings a large savings in the beginning and normal maintenance going forward. If price is not a deciding factor, then a new Lexus guarantees the latest safety features and mechanical and electronic innovations. In addition to owning the latest and greatest, purchasing a new Lexus also comes with a full warranty and the knowledge that a buyer is not driving someone else's poorly maintained vehicle.
How to Buy a New or Used Lexus on eBay
Once a buyer decides if he or she is going to buy a new or used Lexus, the purchasing process can begin. eBay offers a wide variety of Lexus automobiles. eBay is very user-friendly, providing a search box on every page. The easiest way to find a Lexus is by utilising the search box. Simply, type in "Lexus" and the results appear. In order to yield a smaller results list, a buyer needs to type in more specific words such as, "Lexus sedan". Once a buyer finds a Lexus he or she wants to purchase, then it is recommended to evaluate the seller.
Seller feedback is viewable by clicking on a seller's username. Seller feedback allows a buyer to determine the authenticity of a seller. Feedback ratings from buyers within the last 12 months can be found on a seller's eBay history. eBay offers the option of purchasing from local sellers. It's advantageous to purchase a Lexus from a local seller because shipping takes less time, and if the seller is close enough in proximity, and both parties are comfortable, a local pickup is a possibility.
There are pros and cons to purchasing a new and a used Lexus. The benefits of purchasing a new Lexus include: it is customisable, it has not been previously used, it is fully equipped with a warranty, equipped with the latest technology and safety features, it has a higher fuel efficiency and lower emissions, better financing options, and it requires less maintenance. If price is not a concern and a buyer likes to have the newest and best vehicle around, then a new Lexus is definitely recommended.
The word "used" paints an image in most people's minds of old, but when it comes to a Lexus, that is not always the case. The advantages of purchasing a used Lexus include: lower price, less depreciation, lower insurance rates, and personal preference. Ultimately, deciding between a new and a used Lexus is based on personal preference, and both are great options. Understanding what a buyer's main incentive is for purchasing a Lexus can help him or her decide whether to buy used or new.