How Much Should I Pay: 2007 Lexus ES350
Question From Carolyn: Want to buy Lexus ES350 w/ less than 36, 000 miles; can be 2007 or 2006. Can you advise pricing from car auction or private individual?
Queen of the Road: Hi Carolyn. Welcome to AutoBragBlog!
For a 2007 Lexus ES350 Sedan with36,000 miles, wholesale prices range from $23,100 (being in above average condition) to $20,800 (being in average condition) and $18,600 (being in below average condition). A fair range for a dealership sell it for +12%-14% more than wholesale, so their estimated retail prices could range from $20,600 to $25,400. A private seller will usually aim to sell it for 5%-10%.
Check the carfax and do plenty of research on the history of the vehicle. Ask for their maintenance records. You can even bring a mechanic for a brief inspection. Here’s a good article to read before continuing: Car Buying Tips From An Insider. Let me know if you have any further car questions.
Good luck and keep us posted on how the purchase goes!
