Depreciation
The depreciation graph and accompanying table on our page detail how the 2008 LEXUS GS's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2008 LEXUS GS in 2008 was $56,669.
The average price for used 2008 LEXUS GS nowadays in 2024 is $8,990 which is 16% from the original price.
Estimated mileage driven per year is 10,122 miles.
The graph below is a depreciation curve for 2008 LEXUS GS. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2008 LEXUS GS in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2008 MSRP | 0 mi | $56,669 | — | — | 100% | 0% |
| 2012 | 50,610 mi | $38,481 | +$0 | +0% | 67.9% | 32.1% |
| 2013 | 60,732 mi | $35,300 | +$3,181 | +8.27% | 62.29% | 37.71% |
| 2014 | 70,854 mi | $30,500 | +$4,800 | +13.6% | 53.82% | 46.18% |
| 2015 | 80,976 mi | $26,995 | +$3,505 | +11.49% | 47.64% | 52.36% |
| 2016 | 91,098 mi | $24,564 | +$2,431 | +9.01% | 43.35% | 56.65% |
| 2017 | 101,220 mi | $19,999 | +$4,565 | +18.58% | 35.29% | 64.71% |
| 2018 | 111,342 mi | $17,886 | +$2,113 | +10.57% | 31.56% | 68.44% |
| 2019 | 121,464 mi | $16,629 | +$1,257 | +7.03% | 29.34% | 70.66% |
| 2021 | 141,708 mi | $11,950 | +$0 | +0% | 21.09% | 78.91% |
| 2022 | 151,830 mi | $10,873 | +$1,077 | +9.01% | 19.19% | 80.81% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the LEXUS GS’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2008 LEXUS GS. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2008 LEXUS GS by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 50,000 mi | $15,747 | 18 sales |
| 55,000 mi | $15,496 | 12 sales |
| 60,000 mi | $15,000 | 17 sales |
| 65,000 mi | $15,000 | 23 sales |
| 70,000 mi | $13,999 | 22 sales |
| 75,000 mi | $13,942 | 22 sales |
| 80,000 mi | $12,997 | 46 sales |
| 85,000 mi | $13,995 | 21 sales |
| 90,000 mi | $12,500 | 36 sales |
| 95,000 mi | $12,988 | 41 sales |
| 100,000 mi | $12,950 | 55 sales |
| 105,000 mi | $12,499 | 46 sales |
| 110,000 mi | $11,885 | 47 sales |
| 115,000 mi | $11,499 | 41 sales |
| 120,000 mi | $11,969 | 62 sales |
| 125,000 mi | $10,996 | 54 sales |
| 130,000 mi | $10,523 | 54 sales |
| 135,000 mi | $10,198 | 60 sales |
| 140,000 mi | $10,500 | 51 sales |
| 145,000 mi | $9,995 | 42 sales |
| 150,000 mi | $9,497 | 48 sales |
| 155,000 mi | $9,975 | 43 sales |
| 160,000 mi | $9,993 | 36 sales |
| 165,000 mi | $9,500 | 35 sales |
| 170,000 mi | $9,475 | 34 sales |
| 175,000 mi | $9,205 | 14 sales |
| 180,000 mi | $8,493 | 14 sales |
| 185,000 mi | $8,500 | 13 sales |
| 190,000 mi | $7,938 | 12 sales |
| 205,000 mi | $7,109 | 18 sales |
Frequently asked questions
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Proper maintenance and good condition can slow the depreciation of a 2008 LEXUS GS by making it more attractive to potential buyers, thereby preserving more of its value.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
Other years of LEXUS GS
2000 LEXUS GS
$6,500 average used price
210+ sales records
2002 LEXUS GS
$8,300 average used price
270+ sales records
2004 LEXUS GS
$8,423 average used price
220+ sales records
2006 LEXUS GS
$8,000 average used price
2,000+ sales records
2010 LEXUS GS
$10,873 average used price
680+ sales records
2017 LEXUS GS
$26,995 average used price
3,000+ sales records
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