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But the best balance of luxury and sport can be found in the midsize luxury performance sedans segment. This includes the Acura RL, Cadillac STS, Lexus GS300/GS430, Infiniti M35/M45, BMW5 series, Audi A6, Lincoln LS, Jaguar S Type, and Volvo S60.
I also doubt that a loaded new ES and a used loaded LS would have a similar price, I'd expect a $5K-$10K discrepancy.
Prices for those cars range from $40K-$60K, and they're pretty satisfying.
Have you also considered a luxury SUV or crossover?
I guess I'm not sure what kind of help you are seeking ...
Or, for a guy who wants to drive the latest for the least, an '04 XJ Jag can be had for only the low 40's.
Wait till just after Christmas and the above cars should be under 40K.
If you can tolerate high mileage you can get an 02 745 for well below $40K. I would try to verify highway mileage. As you probably know, a car that has lived its life on the highway has a LOT less wear and tear.
“I have considered a loaded ES ”
Well If you are going into this area and consider yourself a true driver then you may want to consider the 5-series. That’s right in your sweetspot for price. You can get an 03 cream puff CPO 530 or 525, or non-CPO that is still under original warranty. You can also find 540s. A friend of mine bought a luscious CPO 01 540 with SP and 33K miles last year in the low 30s.
Plus you get great mileage out of the 5-series 6 cyls. Anywhere from 27-30 highway. I’ve heard even more, and I’m not talking about the speeds at which grandma drives either.
Good luck.
Is this not the year you want to AVOID at all cost ? The 2002 745 was, well, a big phat dud reliability-wise.... If you must buy a used Bangled 7-series, get one post 2002, period. Sometimes, spending a little bit more $$ can get you a much better car. Try expanding the price to the low to mid-40K range and the choices are limitless....
Good luck with your search. BTW, any LS430 of any year (2001 - date) is a much better choice than any BMW of any year (like you don't know that already, eh !) bcos you need not worry about reliability or any issue with the LS....
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You forgot to mention that if you have a low tolerance for risk, don’t buy volatile stocks. I thought this was common knowledge, and truluv_cars said he has been a reader of the boards for many years now. But hey, the Lexus buyer has a 15 amp circuit breaker for this stuff, so lets reset it until it just pops again, and then we’ll do it again and of course again.
If reliability is priority then you’ll want to avoid all 7s “at all cost” even E60 5s. BMWs with iDrive are showing electronic gremlins and their reliability rating has suffered because of it.
When iDrive first came out in 2002 the remedies lagged because the techies in service bays weren’t up to speed and the service bins weren’t amply stocked. Is it any different now three years later? I don’t know, it can’t be worse and it appears that the inherent problems with the 02 7 are no different in nature than current models. I could be wrong and welcome the opportunity to be educated.
What I do know is that “true drivers”, as truluv_cars claims to be, often weigh the benefits against the risks and want performance cars AT ALL COST. I point now to Porsches which come with the distinct possibility of RMS and broken intermediate shaft problems, the latter of which requires complete engine replacement. The latest iteration of Porsches also has some electronic concerns. Guess what, people still buy them because nothing drives better than a Porsche at Porsche prices. For the umpteenth time, the same is said about BMWs in the sedan category.
I guess we have to remind ourselves yet once again. Camp Lexus loves its white CR dots, savoring time not spent at the dealer. But the performance drivers—the true drivers—get on the roller coaster, climb the mountains, ride the surf, just as financial risk takers lay their money on volatile stocks. I’m wondering, are there ANY owners of 02 7s that climbed Mt. Everest and lived to tell about it? I’m sure the happy campers know the answer. They read about it from their chaise on the beach, at a certain calculated distance from the water so the sharks don’t jump out and get them.
;-)
source Automotive News
http://www.autoweek.com/news.cms?newsId=102821
I am laughing so hard, Designman.... Gosh, you are good at words...
There is this fallacy about Lexusophiles, that all we care about is our snoozemobiles... Au contraire. I know many Lexus owners with BMWs and other assortment of cars on their drive ways or in their garages. Even lowly me with my little sport-wagon - the Matrix. That car is real fun to drive. Yeah, it ain't no Porsche (cannot afford one now) but a nice handling car/wagon all the same. It zips and zaps, has tons of room, rides like its on rails, and generally puts a smile on my lips everytime. I love that car much as I like my LS, but for different purposes. But nothing compares to the LS in pure driving; by which I mean enjoying a ride around town in luxury and comfort. Supremely quiet, refined and plush. I don't need to feel all the ruts on the roads to tell me I am driving on the pavement. That, to me isn't driving. Driving is having a great ride, in absolute comfort, with my fav music on the CD player, completely oblivious to all the worries outside. Man, that is a nice feeling... Is there anything wrong with that ?
BTW, truluv_cars loves the 7 series, but WANTS an LS. Hmmmmmm ! Isn't that strange music to the ears of the *driving enthusiasts* ? Maybe he values his time more than the jarring ride ? Maybe....Its certainly not about the money cos he can get an '02 LS430 for about the same as an '02 745i. So.....??
Lexus gets full Red DoTs on virtually everything...At least the LS430 does.
It seems to me if you love BMW because you want a drivers car...Then Buy a BMW you can Afford...A nice 5 series...or older 7 series...It will cost you some money to keep it up but you will have a car you love.
If you want solid luxury...Lots of toys...Great Ride..GPS...a Great Mark Levinson sound system....and REAL reliability that you can count on...it is LEXUS
If you want a great ride and big prestige...with the knowledge that you will not get all the bells and whistles of the Lexus and a not very reliable car, then by all means get the Mercedes S430
Life if hell if you don't have unlimited wealth...I DON"T...But I am Very happy I streached to get the Car I really wanted and just LOVE.
Reprogramming. The BMW sales guys all acknowledged that the '02 model had many problems but if a car was brought in to be plugged into the dealership's service computer overnight it could be reprogrammed. The process took about 12 hours and was so costly (maybe the dealer's hourly labor rate times 12?) that only a CPO 7 Series would have had it done. (Yes, I know, this is a blatant attempt to steer anyone away from a private sale on a 7 Series.) Others said that the '02 had so many problems that they just couldn't be corrected and so if you wanted a used 7 Series, look at an '03 or later that had been plugged in to reprogam and then CPO'd.
Extended warranty. I kept hearing about unnannounced factory warrantys out to as long as 150K on 7 Series. I never heard the details though in any reliable way. What is the story? Is there a secret factory 150K warranty?
Strong resale. It seems strange to me that despite the many well publicized problems with the 7 Series, resale is strong. Maybe it is the BMW halo effect? Certainly, you hear a lot of stories about unhappy 7 Series owners . (I even heard that a high school classmate I haven't seen in 40 years drove his 2 week old '05 7 Series in disgust into the showroom window of a central MA dealer and threw the keys at the sales desk.) Despite this, I don't think that 7 Series has taken a bath on resale. You won't find a late style 7 Series for much under 50K unless it has tremedously high mileage. Is there a non disclosed factory program to support resale on 7 Series through dealer incentives, "marketing assistance", etc.?
BMW 745 LI values:
http://www.edmunds.com/used/2002/bmw/7series/100070588/options.html?tid=edmunds.u.prices.u- - - - - - tmv.vdpprice.13.BMW*
I believe MSRP was about $76000 so that means a retained value of 52.9% on trade-in, 56.4% on private sale and 62.3% on dealer sale.
LS430 values:
http://www.edmunds.com/used/2002/lexus/ls430/100003418/options.html?tid=edmunds.u.prices.u- - - - - - tmv.vdpprice.13.Lexus*
MSRP for base car is about $56,000 so that translates to 54.8% on trade-in, 61.1% on private sale and 67.7% on dealer sale.
S500 values:
http://www.edmunds.com/used/2002/mercedesbenz/sclass/100003445/options.html?tid=edmunds.u.- - - - - - prices.utmv.vdpprice.13.Mercedes-Benz*
Using an $85K base (this is gonna hurt) it means residuals of 42.1% on trade-in, 44.6% on private sale and 48.8% on dealer sale.
S430 values:
http://www.edmunds.com/used/2002/mercedesbenz/sclass/100003444/options.html?tid=edmunds.u.- - - - - - prices.utmv.vdpprice.13.Mercedes-Benz*
That hurts too as the respective numbers are 42.3%, 44.9% and 49%.using a $77K original base price
Then there is the A8 (hope there are only lessees on this one):
http://www.edmunds.com/used/2002/audi/a8/100003619/options.html?tid=edmunds.u.prices.utmv.- - - - - - vdpprice.13.Audi*
This tranlates to 37.3%, 40.2% and 45.2% using a base price of $72K. Ouch! One has to wonder what a Phaeton will retain if this is what an Audi A8 scores. Maybe it will be better.
The consumer ratings are also interesting:
LS430 9.4 (45 reviews)
A8 9.3 (7 reviews)
7-series 8.5 (86 reviews)
S-class 7.7 (47 reviews)
That base S430 that listed for $19K more than an LS430 in 2002 has seen $18,400 of it go away on a trade-in. This is why the Germans (particularly MB and Audi) are going to have such a hard time holding up the new MSRP's. BMW and Lexus are reasonably close but reliability plays a bigger and bigger role in retained values. How else do you explain Lexus running away from the pack.
I went back and put in a fully loaded LS ultra to see how that would score and it did even better than the base car retaining 56% on dealer trade-in, 59.8% on private party sale, 67.3% on dealer sale and 72.8% as a certified vehicle using a $71K initial MSRP. This is really telling as an LS430 ultra is about equal to a stripped S430 in comparable features.
http://www.edmunds.com/used/2002/lexus/ls430/100003418/options.html?tmvaction=vdpresult&ti- - - d=edmunds.u.options.utmv.vdpoption.1.Lexus*
I did see one curious statistic: the percent retained value of the S500 and an S430 were almost exactly the same. I would have expected that the higher MSRP on the S500 would have translated into a higher percent lost. (This is the line of reasoning usually trotted out to explain the often low resale on lux sedans.) Can anyone explain this?
I'm no fan of Lexus, but as their sales slide, D-C is going to have to subsidize their leases to compensate for the poor resale.
The hope MB must have is that quality is restored in the public's mind to avoid price cuts. That's why they are pushing the line that the quality is already back. But it takes years to prove that one. I'm sure there are many MB execs losing sleep these days.
Seriously though it is no secret that the 2000 S-Class is going to take a huge hit in that area due to poor quality of the first half of the production run, the 2000-2002 models were seriously lacking to put it mildly in areas of build compared to previous S-Classes. Then the suspension/comand problems started. I doubt if the re-sale will improve for the 2003+ models, or will the whole line suffer because of the new S-Class, which at least in its physical build is much better, relaibility we'll have to see about.
M
http://www.edmunds.com/used/2002/audi/a6/100003618/options.html
E430: Consumer rating on 29 reviews 8.9
http://www.edmunds.com/used/2002/mercedesbenz/eclass/100003436/options.html
GS430: Consumer rating on 16 reviews 9.4
http://www.edmunds.com/used/2002/lexus/gs430/100003416/options.html
540i consumer rating on 108 reviews 9.1
http://www.edmunds.com/used/2002/bmw/5series/100003675/options.html
E-430 retention values are also terrible. I'll bet just about the whole MB line is suffering except the AMG's and other specialty cars. I've never seen MB three year retention values this bad. The sky high MSRP's always held because the retention values were sky high or head and shoulders over everyone else. Now you have one without the other. Something's gotta give because it can't stay this way. Either MSRP comes down or retention values have to climb alot.
You're right the CLK, SL and other "specialty" cars from MB aren't as bad as the common sedans.
M
M
Merc1 may not like all this talk about resale values and lease subsidization but it tells a lot about a brand. I don't think it is good for a brand to have a high percentage of "sales" to people who lease. They are the "hot money" of the car industry and would change brands for the sake of maybe $75 a month on a lease payment. The MB reputation was built based on people buying and driving them for 150K. One of my neighbors until a year or so ago commuted in an impeccable Olive Drab 240D. The Porsche brand is very strong , despite some glitches, in part because they don't push leases. The wrong people then don't "buy" (i.e., lease) them for the wrong reasons. Is anyone else on this board old enough to remember what happened to Izod Lacoste in the early '60s? They had a brand that was as prominent as Rolex/MB/Polo are today.
Resale values also tell us about the true cost of ownership. Remember the cost of owning something is not what you paid for it, but rather the difference between what you paid for it and what you sold it for later.
I would add maintenance costs to the total cost of ownership. Combine MB's reliability issues with their abandoning their free maintenance program and TCO looks pretty bad.
When I comparison shopped the LS430 Mod Lux (not Ultra) had more features than the S500. I don't see the comparison in features between an Ultra and the S430 as being anywhere near equal.
Many thousands of dollars of extras including parking sensors, HID, front and rear seat packages and many others are necessary to bring the S430 close to the LS.
You keep saying that Lexus was built on Mercedes' priciples. Beyond quality that statement isn't even close to being true. Lexus doesn't innovate nearly as much nor do they work as hard on safety. Mercedes was founded on those things, plus motorsports of all kinds...something Lexus doesn't begin to address. I'll give you that Lexus appears to have Mercedes' mastery of longevity with their cars.
Merc likes to look at the real cars from a purist standpoint and what real car folk are saying and I respect that. But the business goings on have a large future impact that is subtle at first and overwhelming over time.
True, but they go hand in hand. You can have all the business success in the world and the other group won't care one way or the other. Lexus is the perfect example of that. There isn't one lust object for the enthusiast anywhere in their lineup and they seem incapable of producing one. All the money and profits in the world don't mean a thing when you saddle your supposed to be sporty cars with needless electronics that kill the fun, and they don't look like anything.
Execution is the key, not just wads of cash. Infiniti is the perfect example of this.
M
Really ? You speak for *lots of European car buyers as well as Lexus buyers* ! I can tell you the primary reason I own an LS, and that is due to its comfort, luxury, quality, smoothness, refinement and power. All of these combined with excellent customer service and excellent reliability are just icing on the cake for me. If any other car had these features, regardless of what the insignia resides on the hood of that car, I'd buy it in aheartbeat. But alas, only Lexus comes close to meeting ALL of these features I desire in a family sedan.
"There isn't one lust object for the enthusiast anywhere in their lineup and they seem incapable of producing one..."
There is no lust object for the enthusiast in Lexus' lineup, you say ? Here is a question for you: The greater proportion of car *enthusiasts* buy the likes of WRX/STi/Evo/M/AMG/RS/Porsche/Ferrari/Lambo/etc... OR they buy mainstream MBs, or Bimmers, or Audis ? Hmmmmm !! That is an easy answer. Its the former, of course. But to hear you speak about lack of enthusiast lust for Lexus is to suggest that Lexus' competition tunes all their cars to the minutia entusiast market... Maybe you forget the primary mission of MB USA - luxury first. Ditto Lexus. That it wants to add sportiness via the IS is a way to expand market and build from ground-up.
"Execution is the key, not just wads of cash. Infiniti is the perfect example of this"
That is correct, but who exactly is executing best amongst the lux car makers today ? I'd say Lexus is. MB is trying to figure out the kinks in their quality and reliability armor, BMW is saddled with controversial styles and diminishing handling prowess, Audi remains invisible in the NA market, while Lexus simply rolls on. There are far more things coming from Lexus-land than there are of MB and/or BMW in the next couple of years. Yeah, do the count; which manufacturer has more products rolling out in the next couple of years ? MB, BMW, Jag, Audi or Lexus ???
BTW, Infiniti ain't executing anything better than Lexus. Infiniti's performance-inclined M twins is doing as well as Lexus' luxury-inclined GS twins. In fact, sales YTD has the latter beating out the M twins.... So how exactly is Infiniti executing better than Lexus ?
'Nuff said...
Mercedes and BMW aren't just about sedans and suvs like Lexus, was my point.
Single track themes here, Lexus executes on quality and misses styling and so far sportiness, two things they said they would deliver on. Where did you get that BMW is facing dimished handling prowess? I'd really like to read about that because I certainly haven't experienced it.
There are far more things coming from Lexus-land than there are of MB and/or BMW in the next couple of years. Yeah, do the count; which manufacturer has more products rolling out in the next couple of years ? MB, BMW, Jag, Audi or Lexus ???
Judging by what has been confirmed I'd say that it is a tie between BMW, Mercedes and Lexus. They all have lots of product coming and Lexus doesn't have any more of an advantage than Mercedes or BMW does. Only in your mind does such a thing exist. Face it Oac all three of these brands are leaders in the luxury car market in one way or another and all this Lexus is gonna take over the world stuff is just pure fantasy.
BTW, Infiniti ain't executing anything better than Lexus. Infiniti is performance-inclined hence the M twins. Lexus is luxury-inclined hence the GS twins. Both are doing fabulously well in sales, and the GS twins are beating out the M twins in sales. So how exactly is Infiniti executing better than Lexus ?
They're hitting their target - BMW far more than Lexus stated they would. Goodness get off sales they don't mean as far as the GS being a true BMW competitor at BMW's game. Lexus stated BMW was the target, but Infiniti hit it Lexus didn't with the GS, we'll see about the IS. The 1998 GS sold well too, for 18 months then was forgotten.
M
And how long has BMW or MB being building cars versus Lexus ??? Ahhhh ! Right.... You see how pointless your argument is ???
Single track themes here, Lexus executes on quality and misses styling and so far sportiness, two things they said they would deliver on.
Misses styling and so far sportiness ? Styling is subjective, so that is just your view. Sportiness also has some subjectiveness to it. The Edmund's review of the GS430 and M45 showed how sporty BOTH cars are. Of course you are too biased against Lexus to see anything good in it. WRT Lexus execs statements on this BMW-thingy ! It appears you and many Germancarfans take a literal interpretation of the words. Rather you need to understand the context of the statements and read between the lines to understand what is being said. Just a little more deeper thoughts on the words will show the real intentions...
They're hitting their target - BMW far more than Lexus stated they would
Yeah right ! The GS hits its target and buyers are speaking loud and clear. You don't agree that it hits its target despite its sales success (that word again), except that which YOU define is the GS' target. Dream on buddy.... Lexus is counting the $$$ and smilling all the way to the bank while you get hung up on nothingness...
Its pointless to have more than just sedans and Suvs? What does the amount of time Lexus has been building cars have to do with any of this. They had a great coupe back in 1992 and for some reason dropped the ball in styling and dynamics when they replaced the original SC with the ladybug car of today. According to everything said here (over and over) Lexus has all this money so why can't they come up with one car for the enthusiast? Lexus had better be glad the U.S. market is suv crazy because if they had to stand and fight with their cars they wouldn't be much of anything to talk about in sales. Lexus having not built cars as long as MB or BMW as the reason for their staid lineup is a grand excuse, especially since they "can do what they want" with all the money they having.
Oac I see there is no point in debating anything else about Lexus because you can't see anything past sales. Forget that the GS is mainly selling to current Lexus owners and not BMW converts, which was the stated goal. What will you say when the inevitable happens and the GS's sales start to decline? You act like a new model selling well is an exclusive to Lexus, when every brand has a new product that is hot. Since sales matter so much and BMW was the target, does it matter that the GS can't catch the 5-Series in sales? Probably not because you've already disregarded what Lexus' chief said about BMW being the target. You should treat what Lexus' boss says as "nothingness" because thats about what he delivered as far as BMW is concerned.
I can see it now, you'll say the same thing about the IS, its selling, if it doesn't match the 3-Series on the sport equation, even though the IS is supposed to be the sports sedan in the Lexus lineup because the ES takes the pure luxury route.
M
So BMW has the 5-series which is slowly but surely sold more with slush box than with MTs. Are those performance-inclined ? BTW, Lexus pegs its GS production. The two new GS are mostly carry overs from the previous gen, except clothed in a new lithe body. The 3L V6 motor was putin bcos the better 3.5L engine wasn;t ready (you know, the same thing as for the S550 not being ready?). The GS will not overtake the Bimmer-5 anytime soon, maybe never. But as an overall balance of sport-and-luxury, it does a fine job. In the next 18 months, three new GS sedans will be here - GS350, GS460 and GS450H. Maybe you'd then start to see the plan as it unfolds a la BMW-target.
I can see it now, you'll say the same thing about the IS, its selling, if it doesn't match the 3-Series on the sport equation, even though the IS is supposed to be the sports sedan in the Lexus lineup because the ES takes the pure luxury route.
WRT the new IS, Lexus plans to build only about 60K cars for MY2006. Were Lexus to sell out all the IS it produces, it would remain a distant third to the 3-series in market share. The 3-series is the bread-and-butter of BMW, and even then it is the lowly 325i which is the BIGGEST seller. Would that be considered performance-inclined company if your best seller is the lowest car with the smallest engine ? Hmmmm !
BTW, Lexus rumors has an IS500 (V8, 400HP, sport-tuned and edgy racer car)pegged for production going head-on against the Bimmer M. The 350 going against the 330i. The 250 going against the 325i. And a coupe/hardtop variant rumored coming in MY2007/2008. Then compare this plan with previous IS300 which had a hard time being placed - is it a 330i or a 325i competitor ? Start to get the picture ????
Yes, one drive will tell you this. BMW's ride/handling/steering and how they work together is the reason why they have the following they do. The manual tranny is just the last piece of the puzzle. Lexus doesn't offer a manual, but to be fair neither does anyone else in the 5-Series class. Where Lexus is really dropping the ball is on the IS350, in contrast to all the Asian and all the German competition (except Audi) by not offering a manual with the bigger engine.
Not sure what you're talking about with a Mercedes S550? There is no S550, the new S500 stays the same in name, but gets a new 382hp 5.5L V8 but no name change.
I get that about model change overs being done European car style, by adding something over the production run to keep the series fresh, but that wasn't the only target your guy stated. He also stated that he wanted a sportier car to compete for BMW buyers and that ain't happening, especially with the over-restricted GS430's VDIM system. This is the part you disregard because Lexus didn't make good on the promise.
All I can say is drive a 325i with a manual. The BMW experience is there in full glory. To even question whether or not BMW is a "performance-inclined" company based on what they sell the most of compared to what they offer as a whole is missing the point of the whole brand by a country mile. Look at their lineup and see what they offer and then ask yourself that question again. BMW sells more 325is than anything else mainly because of price. You don't think a good number of 325i buyers (certainly not all) wouldn't want a 330i or M3 or a 5-Series?
I'll believe an IS500 when I see it and I'll be the first to congratulate Lexus on making something worth driving. As far as the IS350 is concerned, watch the press tear it apart in comparos to BMW and Infiniti for not having that manual.
M
As to the 325i being a driver's car, yes I have driven one (or two) but they aren't that much great (auto or manual), until you adorn it with the sport package. If BMW's are all performance-inclined, why do they need the *sport-package* ? I don't buy into the BMW hype. These cars are made for the masses, and everyone knows that the greater proportion of the masses are NOT enthusiasts. True enthusiasts buy the hard-core, truly edgy sporty cars in the mold of the WRX/STi/Evo/M/AMG/RS/Porsche/.... These are the domains of the true sport-car enthusiasts. My boss drives a 911, and auto crosses regularly. He is a die-hard enthusiast. He swore off any Bimmer, except if its an M3/5. He claims these are the true enthusiast cars, not the mainstream Bimmers. Admit it, part of the allure of a BMW is its name and its *cool* factor....
Still though you're stuck on the sedans and not what the whole brand offers as a whole or the fact that they tune every BMW to more or less drive the same, sporty with or without a sports package. That said I would't buy a BMW without it, it would like be buying a 911 with an automatic. The fact that BMW offers the option of going sportier, plus manuals should answer your question about the brand in the first place. Lexus offers neither a sport package, so that means every Lexus drives the same, and a manual on one car.
True, AMG/M is the domain of true "sport-car" enthusiasts, but Lexus doesn't even offer that. Lexus doesn't even offer anything with 2-doors with a pulse. How can a true luxury brand not have a single sporting 2-door in their lineup is beyond me. Which goes back to my point in the first place about Lexus not even being close to offering the choice MB/BMW does. Also, cars like the SLK, Z4, CLS, SL, CL, Z8 or anything like those aren't built for the masses because they surely aren't for everyone. The sedans from BMW/MB are for the masses, not their other models, hence their low sales numbers in comparision to their sedans.
Part of the allure of any of these brands, MB, BMW, or Lexus is the name. Lexus is no different when someone drops the fact that they drive a "Lexus" in a conversation.
You say that BMW is about hype, it must be pretty good hype then because everyone is aiming straight for them in the lower and mid luxury-sport segments, including Lexus. This fact alone severly damages if not destroys the hype theory.
I never at any time said that the "masses" are enthusiasts. My point is that the Germans offer far more cars in the luxury segment for real enthusaists, in particular BMW and then MB and then Audi. Lexus has nothing to offer here.
M