10 Reasons Why You Should Buy a Used Lexus Outline

1. Used Lexus for Sale: 10 Reasons Why You Should Buy One autoauctionmall.com/learning-center/used-lexus-for-sale/ August 2, 2018 Used Cars By John Andreson 08/01/2018 Shopping for a used car is no easy task. First, you are faced with what brand of car to choose from. Then you have to consider what features are available and lastly, you need to verify that the price fits into your budget as well. If that isn’t exhausting enough, you still need to test drive the vehicle of your choice and inspect the maintenance reports. When you start to think about it, a used car is an investment and you do not want to take the decision lightly. While you may feel overwhelmed with how many different factors you need to consider, this article below will help make your decision easy. Used Lexus for sale: Tell Me More If you see a used Lexus for sale, you definitely want to pull over and check it out. Lexus is a luxury brand that is well known for its longevity and value. The Lexus brand marries both innovation and design together to deliver a vehicle that offers you incredible performance, speed, and handling while on the road. Developed in 1983, Lexus got its start from a group of Japanese engineers who wanted to set new standards for the automotive industry and create a vehicle that would stand above the rest. Fast forward to today and Lexus is sold in more than 70 countries and is a brand of the Toyota Motor Company. With continued persistence, an eye for luxury, and a set of principles to stick by, Lexus has achieved great success and is considered one of the top automotive brands in the world. 1/18

2. It is no surprise that with a level of quality as grand as this, Lexus has been ranked one of the most popular vehicles among consumers. In fact, in April of 2017, the Lexus RX SUV was named the top choice among driverless operators. In addition, the Lexus IS and the Lexus ES were ranked among the 10 most popular luxury cars by J.D. Power. Why Buy a Used Car for Sale? Whether you are considering a used Lexus for sale or a used car in general, there are many reasons why USED is the way to go. If you are on the fence about whether or not you should go with a new or used car, let us present you with a quick statistic that may make you think twice. According to Kelley Blue Book, the average American spent $33,500 on a new vehicle in 2015. In the same year, J.D. Power reported that the average American spent slightly more than $20,000 on a used car. So, why buy a used car? Here are some important points to consider. 1. You have a larger variety. When looking at used cars, you have a larger selection of options within your price range. New cars can be very expensive and there is not much to debate there. Each year, more than 350 different models of cars are offered for sale. That leaves you with a lot of different choices. 2. You do not take a hit on the depreciation. A new car loses almost 20% of its value the moment you drive it off the car lot and will drop another 10% in value the year following. That is a lot of money lost when you think about it. Purchasing a used car is going to save you from that hit and your used car will hold its value. 3. Get more bang for your buck so to speak. Let’s face it, you likely have a budget that you need to stay within. Because of that budget, you may not be able to afford all of the bells and whistles you want when you opt for a new car. A used car, even one that is only a year, or two old, can allow you to get all of those features and stay within your means. As you can see, purchasing a used vehicle is the way to go and it will allow you to enjoy a whole lot more car than what you would have received should you have chosen to purchase one new. Why Used Lexus Car Is a Wonderful Investment? 2/18

3. When you hear the word “Lexus,” you instantly think of luxury. The brand alone is known for its dependability and quality. This article will present you with reasons why you should choose a used Lexus over another used car for sale. We will talk about the safety features, residual value, price, maintenance, reliability, and more of a Lexus vehicle and show you why it is a great choice for you and your family. 1. Lexus Safety Your safety is important and when you get behind the wheel of a car, you want to know that you and your passengers have nothing to worry about. It can be hard to decipher between all of the safety features offered in cars today. We all know that air bags and antilock brakes are beneficial, but what about all of the other luxury options available? Lexus offers you a number of safety features throughout each one of their vehicles and you can drive with the peace of mind needed that you will be protected behind the wheel. 2. Lexus Safety System 3/18

4. The Lexus Safety System comes standard on most Lexus vehicles, both new and used, available on the market today. The system is made up of different safety features, pre-collision system, intelligent high-beams, lane assistance, and dynamic radar cruise control, that bring a total feeling of security within your vehicle. Below, we will break down what each of the features do. 3. Pre-Collision System The pre-collision system is one of the nicest features about the safety system in that it is designed to detect and warn you of any vehicle or pedestrian that is within the path of your vehicle under specific conditions. The system works automatically by preparing to use brake 4/18

5. assist and alerting you with visual and audible stimuli when it is determined that a frontal collision is imminent. If the brakes are not applied within time, the brake assist component will apply the brakes for you and can also bring the car to a complete stop. 4. Intelligent High-Beams Visibility on the road is paramount. Without the proper lighting, you may not see objects or detours ahead of you and that is where the intelligent high-beams come into play. The system is designed to offer you added illumination on the road in dark areas. When a dark area is detected, the system will switch to your high-beam mode automatically and then switch back to the low-beams when visibility has returned to normal. 5. Lane Assistance Equipped as a standard feature is lane assistance. This system works to keep you within your lane on the road. The system makes use of a camera that monitors the lines on the road. When your vehicle moves too close to the line or into another lane, the system kicks in and alerts you via audible and visual stimuli. The lane departure technology comes with a steering assist feature that will give a slight pull to the steering wheel to return you to your lane when no action is taken after the stimuli has presented itself. 6. Dynamic Radar Cruise Control Cruise control is a nice feature to have in your vehicle, but unpredicted moments can cause cruise control to be a hazard. Lexus has taken control of that with their dynamic radar cruise control option. The vehicle comes equipped with a radar and camera that sense the speed and distance of the vehicle ahead of you and adapt to keep your vehicle within a reasonable following distance. The system is able to automatically decrease your speed if the vehicle ahead of you slows down or you become too close. Other Safety Features When purchasing used Lexus cars for sale, you will likely be introduced to additional safety features that the vehicle sports. Not all vehicles have the same safety features, so if you are looking for a specific one, do keep your eye out for it. Some of the additional safety features you can expect to be standard in most used Lexus cars include antilock brakes, front and passenger airbags, and also side curtain airbags. Are Used Lexus Vehicles as Safe as They Say? Your next question is likely going to be whether or not Lexus vehicles are as safe as they say – well, let’s take a look. In a CBS News article, they presented the top 4 safest cars that you can buy, and the Lexus RX 350 topped that list. The RX 350 was ranked for its ability to successfully avoid collisions at both 10 and 25 miles per hour in tests. 5/18

6. USA Today presented an article that named both the Lexus ES and the Lexus IS as the 2018 IIHS Top Safety Pick. Based on the average US News safety score, Lexus was named one of the top safest car brands. The US News safety scores are evaluated using crash tests performed by the IIHS and the National Highway Traffic Safety Administration. There is no doubt that Lexus continues to remain on top of safety tests and has been named one of the safest vehicle multiple years in a row. Share of affluent households in the United States who owned or leased a vehicle from Lexus from 2015 to 2017 2017 United States consumer satisfaction for selected automobile and light vehicle brands. 6/18

7. Residual Value of Used Lexus Cars for Sale If you have heard the term residual value, but you are unsure of what it means, a car’s residual value is the estimated price of what your car will be worth when it comes time to sell. One of the nice things about a used Lexus car is that is holds its residual value for many years. The reason residual value is important is because it helps calculate a portion of your monthly payments (if you finance the used car) and it also helps determine how much you will pay later for your used car. A smart strategy to use when shopping for a used Lexus, or any used car for 7/18

8. that matter, is to study the total cost of ownership. A good residual value will net you more money in the end when it comes time for you to sell your car. Vehicles Made by Lexus Hold Their Residual Value If you are seeking a used Lexus as your next car, you will be happy to know that they hold their residual value. Whether you opt for a used Lexus that is a couple of years or a decade old, the value remains. This is wonderful news for car buyers who want a car that retains its value in case they decide to sell it in the future or pass it down to someone close to them. It should come as no surprise that the luxury brand Lexus does retain its value. After all, the vehicles are made with some of the best technology and quality parts. Reports from Kelley Blue Book estimate that a 2015 Lexus will retain about 42.2% of its value when it hits 5 years old. The Director of Residual Value at Kelley Blue Book, Eric Ibara, has stated Lexus has kept is value in the past and will continue to do so in the future as the Lexus brand continues to build demand with their high-quality models. It has also been predicted that Lexus will continue to hold its value at an even higher percentage in five years from now. The current 42.2% value estimate is 9.8% HIGHER than other luxury car value estimates. US News, in 2016, reported that the Kelley Blue Book provided information about the residual values of SUVs. On that list, Lexus appeared three times and the models that appeared were the Lexus LX 570, Lexus RX 450h, and the Lexus GX 460. What About Resale Value of a Used Lexus? We have talked about how Lexus vehicles hold their residual value over time. A car with a good residual value means that you will receive more money when it is time to sell your car. But, does that mean that a used Lexus will actually hold its resale value and sell for more money than other cars? Let’s take a look at the data. Lexus won KBB’s 2014 Best Resale Value Award. The award was based on several factors which included the residual value of ownership after 5 years and the vehicle’s projected resale value. In January 2015, Auto Trader released an article that talked about the top 7 luxury cars that had a good resale value. On this list, Lexus appeared twice. The two top models of Lexus were the GX 460 and the IS. The GX 460 was listed as the leader in all other mid-size luxury SUVs for resale value. The IS was ranked near the top for is resale value beating out the BMW 3, Audi A4, and the Mercedes-Benz C Class. Last, but not least, the 2018 Lexus GS won the Best Resale Value Award. 8/18

9. Lexus has been on the top of the list for decades and they have continued to rake in awards based on the residual value and resale value of their cars. A used Lexus is a wonderful option for anyone who is looking for a reliable car that will hold up to its name and also retain its value year after year. Price of Used Lexus Cars for Sale The price of a luxury car will vary greatly depending on a number of factors. When looking at price, you need to first consider whether or not you want a base model or an upgraded model. Second, you need to consider if you want the car to be new or used. There will be a large price discrepancy here between the two. Lastly, you need to consider the type of vehicle you want (sedan, coupe, SUV, etc., and also the features you want included. When looking at a new Lexus, the price of one can range drastically from about $35,000 for a new NX crossover up to $90,000 for a top of the line coupe model. Of course, there are cars priced in between that as well. To provide you with a price breakdown to show you the difference between a new and used Lexus for sale, let’s take a look at the Lexus ES. Brand New Vs. Used Lexus ES A brand-new 2018 Lexus ES has an MSRP range of $39,945 to $42,815. A used 2015 Lexus ES has an estimated MSRP from a used car dealer in the $21,000 to $25,000 range. A used 2012 Lexus ES has an estimated MSRP range of $13,000 to $15,800. The example above shows you just how much money you can save between a new and a used Lexus for sale. One thing to keep in mind is that you can purchase a Lexus that is a couple years old and be able to choose a model that has all the bells and whistles in it for a price within the range you want. Often times, consumers want that brand-new luxury car, but they cannot have the additional features they want as the base line model pushes their budget limits. As we talked about it in the above section, Lexus vehicles hold their residual value, and this is evident in the examples above. When you purchase a used Lexus, you will be able to enjoy all it has to offer and know that you will still receive a large amount of money back on it when you sell it. Pros and Cons of Purchasing a Used Lexus Luxury Car As with any luxury car, such as the Lexus, there are both pros and cons to purchasing one used. Below, we will go over what the pros and cons are in an effort to help you make an informed decision. Pro #1: Perceived Value 9/18

10. When you purchase a used car, you are getting a good value. In fact, new cars lose up to 30% of their value the moment they are driven off the lot. When you opt for a used car, you are saving yourself anywhere from 30 to 60% off of the vehicle’s initial MSRP price. Not only that, you are able to get yourself into a luxury car that you may not have been otherwise able to afford. New cars come with a hefty price tag and even if you can afford the base line MSRP, you may have to forgo all of the features that you initially wanted out of your car. A used car allows you to get a great price on a luxury car and you can even find a used car in your price range that is equipped with the features and upgrades you are after such as GPS systems, backup cameras, TVs, and much more. Pro #2: Less Overall Risk One of the pros of purchasing a used luxury car is that there is little risk involved with it. When a new vehicle makes its way into the market, it has not had a chance to undergo any consumer reviews or road testing. Often times, people do not know what to expect from the newest model or version of the car until they get it out on the road. It is typically within the first few months that problems that were not initially discovered arise and what often lead to recalls. When you purchase a used Lexus, these issues have already been identified and repaired or corrected. Pro #3: Mechanically and Cosmetically in Good Shape Luxury used cars are a hit right now and that is because you can land one for an affordable price and know that it is mechanically and cosmetically sound. Many of the used luxury cars offered on the market are ones that were previous lease cars. Since lease cars have stringent rules, you can expect the car to be in good condition. As a car buyer, you should not have any problem locating a used car that is in like new condition. Con #1: Little to No Warranty One of the cons with a used luxury car is that it may come with no warranty on it at all. Now, it is important to pay attention when you go to purchase the car because some used cars come with a little bit of the manufacturer’s warranty left OR there may be an option to purchase an extended warranty. Just because the car is used does not mean you are completely out of luck. Con #2: May Be Void of Newer Features If you are someone who is after the latest and best in technology, then you may not be able to find exactly what you want in a used luxury car. If a used car is four or more years old, you may find that some of the newer features are not available; however, you can often times install them as aftermarket parts. 10/18

11. Tips on How to Tell What a Used Lexus is Worth When looking at the worth of a used Lexus, there are three terms to pay attention to and those terms include retail price, whole or trade-in price, and personal seller’s price. Retail price. This is the price that you would see and be presented with at a dealership. Whole/Trade-in price. This is the price that you would receive if you trade-in your vehicle to a dealership. The trade-in price is considerably lower than the retail price. Personal seller’s price. This is the price that a private party sells their used Lexus for. This price will generally fall somewhere between the trade-in value and the retail value of a used Lexus. Maintenance and Service Required for Used Lexus Vehicles All vehicles need to be maintained and that should come as no surprise to you. There are common maintenance and service needs that must be done to ensure your car runs and operates for many years to come. Some of the most common services and maintenance include: Tire rotation Oil change Fluid change and flush Tire balance Filter changes Wheel alignment Transmission checks and flushes Recommended Lexus Car Maintenance Schedule Whether you have a new or used Lexus, you need to make sure that it is maintained according to the recommended Lexus maintenance schedule, which can be viewed below. 6 months/5,000 miles 12 months/10,000 miles 18 months/15,000 miles 24 months/20,000 miles 30 months/25,000 miles 36 months/30,000 miles 42 months/35,000 miles 48 months/40,000 miles 54 months/45,000 miles 60 months/50,000 miles 66 months/55,000 miles 72 months/60,000 miles 11/18

12. Continued maintenance and service is required every 6 months or 5,000 miles, whichever comes first. Average Estimated Repair Costs for a Used Lexus The cost to replace or repair parts on a car can range from affordable to expensive depending on the type of car you have and the availability of the parts. A used Lexus car is considered in the median range to repair and have service performed on. Below, we will break down some of the costs associated with common repairs or service. Average cost of an oil change in a used Lexus IS250 ranges from $140 to $170 Average cost of a tire rotation in a used Lexus IS250 ranges from $35 to $45 Average cost of a wheel alignment on a used Lexus IS250 ranges from $230 to $435 Average cost of a starter replacement in a used Lexus IS250 ranges from $500 to $750 Average cost to replace the brake pads on a used Lexus IS250 ranges from $160 to $225 Reliability of Used Lexus Cars The Lexus brand has continued to grow in popularity and for good reason too. The easiest and short answer to the question of whether or not Lexus is reliable is yes. The brand has continued to excel in the area of reliability and they have topped some of the most dependable lists such as J.D. Power, Edmunds, AutoExpress, and more. The top three Lexus models that have been named the most reliable are the IS, RX, and GS. To break it down even more, the Lexus IS having been given a reliability score of 98.58% and the GS with a reliability score of 96%. Why is the Lexus Brand so Reliable? Owned by Toyota, which is a well-known dependable brand in the automotive industry Manufactures reliable engines that are well above others in the same class Quality features and technology packed into their vehicles A Breakdown of Luxury: Lexus vs. BMW vs. Porsche: Which is More Reliable? While it doesn’t seem like there is much to gripe about when it comes to the dependability and reliability of a Lexus, it is important to take a look at it stacked next to other top contenders to really get a good look at it. BMW is another luxury brand of vehicle, but they are no competition for Lexus. In fact, BMW has not been known to even rank close to Lexus when it comes to dependability. BMW ranks 30 out of 39 on the Reliability Index, which speaks for itself. 12/18

13. Porsche has never been the most reliable brand on the market, even though you may expect different due to the expensive price tag that they sport around. While the newer Porsche models have a better reliability rating, they are still not above Lexus. Out of the BMW, Porsche, and Lexus, Lexus comes out on top as the most dependable vehicle in the lineup. How Does Lexus Reliability Stack Up in Consumer Reports? Over the years, car manufacturers have worked hard to make sure that their brand of vehicle will rank supreme. According to J.D. Power, Lexus was ranked one of the most dependable for 2018. Top Export Destination for Used Lexus Cars Global car exports are popular, and many individuals seek out cars from all over the world. Exports for cars alone in 2017, made up $740.1 billion. The numbers are extremely high, and cars represent one of the top exported products throughout the world. Top export destinations for used Lexus cars were based on countries that exported the highest dollar amount of cars throughout 2017. Below, you will find the data on which countries were involved in the top exports of cars. Germany $157.4 billion Japan $93.4 billion US $53.6 billion Canada $46.4 billion United Kingdom $41.9 billion Mexico $41.7 billion 5 Most Popular Models for Used Lexus Cars Lexus IS 13/18

14. Average Price: The cost of a new Lexus IS can range from $38,210 to $43,995. Average Rating:2 Average Consumer Score:0 Why it is Popular: The Lexus IS comes in as one of the most popular models because it offers a cushioned and enjoyable ride for all passengers. The engine is powerful and allows for quick acceleration and performance that won’t disappoint. Lexus GS Average Price: The cost of a new Lexus GS can range from $47,535 to $85,375. Average Rating:9 Average Consumer Score:1 Why it is Popular: The Lexus GS is a popular model because it packs more room than the IS without a large price tag like some other options. The sedan is very roomy for all inside and extremely stylish too. Power is not an issue with this engine and reliability is supreme. 14/18

15. Lexus RX Average Price: The cost of a new Lexus RX can range from $44,465 to $52,250. Average Rating:2 Average Consumer Score: 7 Why it is Popular: The Lexus RX is a popular choice because it offers a smooth, comfortable, and quiet ride, no matter the terrain you are on. The SUV is packed with quality features and a luxurious interior. Being an SUV, the RX handles extremely well on the road. Lexus GX Average Price: The cost of a new Lexus GX can range from $53,150 to $64,525 MSRP. Average Rating:5 Average Consumer Score:5 Why it is Popular: The Lexus GX is known for its off-road and on-road performance. This vehicle is able to keep you and your passengers as comfortable as possible while getting 15/18

16. down and dirty or keeping its traction on the asphalt. The luxurious look of the SUV is an added bonus. Lexus ES Average Price: The cost of a new Lexus ES can range from $38,950 to $51,000 MSRP. Average Rating: 8 Average Consumer Score:8 Why it is Popular: The Lexus ES is a popular model because it offers its driver a comfortable ride and the engine provides a nice amount of horsepower and performance. The ES does provide you with good value for the money and has continued to remain on top. How to Choose a Used Lexus Model The used car buying process can be confusing at first, but with some research and knowledge into how it works, you will be best prepared to head to your local used car dealership and check out their selection of used Lexus cars. While shopping for a used car may seem like a treasure hunt, there are some things you want to pay close attention to and steps you want to take to ensure you get the best used car for your money. Let’s take a look. 1. Set a price for yourself and do some research into what a used Lexus should be priced at. Pay attention to the retail price, whole or trade-in price, and the personal seller’s 16/18

17. price. 2. Take a look at the vehicle’s Carfax report and inspect the vehicle’s maintenance records. These records and reports will indicate when the vehicle received service and whether any major accidents were reported, or major repairs were done. 3. Inspect the interior and exterior of the used Lexus for any damage or areas of concern. This would be a good time to have a mechanic look at it as well. 4. Take the car on a test drive to see how it handles and feels off the lot. Do not rush yourself through this process as you need to make sure this is the right car and model for you. 5. Lastly, take a moment to consider the age of the used Lexus and how many miles are on it. People, on average, place about 15,000 miles on their car per year, so keep this number in mind. Source: Cheap Car Insurance Battle of the Brands: Lexus vs. BMW 17/18

18. Luxury cars continue to come out on top when it comes to reliability, dependability, and the features packed within them. Two of the top names in the luxury car world are Lexus and BMW. But, which ones comes out on top? Below, we will take a look at some of the most important factors that consumers consider when purchasing a luxury car and compare the two. Who wins in reliability? Lexus. In a J.D. Power study, Lexus received a 5 out of 5 in dependability while BMW scored only a 3 out of 5. Who wins in safety? Lexus. In 2017, Lexus had four models of vehicles that received a Top Safety Pick+ and one model that received a Top Safety Pick from the IIHS. BMW received two Top Safety Picks that year. Who wins in performance? BMW. Lexus is known for prioritizing the luxurious comfort and ride over performance and BMW does outshine in it this area. Who wins in style and selection of vehicles? Lexus. Lexus wins when it comes to their offerings for luxury midsize cars, hybrid cars, electric cars, and large SUVs. Who is the overall winner and why? Lexus. Lexus is the overall winner because they offer a wide range of cars that are able to meet consumers’ needs. While Lexus may lack a bit in performance, it makes up for it in comfort, quality, and reliability. It is no wonder why a used Lexus is the perfect car for consumers and their families. 18/18