Hello everyone!
I currently own a 2011 Lexus CT200h. I love the car but it's size is really getting to me and i'd like to get into something larger and alittle more luxurious. I'm in the market for a MKZ hybrid as a commute about 70 miles per day with 90% of those miles being highway. I currently average about 42 mpg with my CT200h. The problem with my Lexus is that it hasn't held it value as much as I expected it. I'm getting trade in offers no more than $15,500 on a car I still owe about $25,000 on. I recently found a 2013 MKZ hybrid with a lot of bells and whistles. It has the equipment group 203A package with a sunroof (not panoramic). The original sticker on the car has it at $43,350. The car has $22,500 miles on it and they are asking $29,900.
Now what is inticing me more is that they are going to offer me $19k for me Lexus which is far more that what i'm being offered elsewhere. With $4000 down they can get me to $33k out the door (including TTL) for the MKZ. I'm concerned about the MKZ holding it's value throughout the years as I do put 25,000 miles a year on it. I'm also concerned about long term reliability to let's say 150,000 miles. I see that trade it on this car is only around $25,500 so it has me worried that it's not going to hold it's value well throughout the years. The only thing to base value off of is the older generation MKZ which do not seem to be holding their value well at all.
I'm looking for some opinions here. Does this seem like a good deal or are their better deals out there?