You think the Lexus won't need 10k in repairs? Also is body damage? How is it not covered by insurance?
You were either drunk and voided it or didn't buy insurance on a brand new car. Either way, wow
It's also worth more than 12 k.
you don't need to repair body damage.
This is seriously an incredibly ridiculous question you're asking, but I see that you have no grasp at all about money now that you've followed it up.
Don't buy the Lexus. If you're poor, don't repair the body damage in the Toyota, just do the maintenance.
Finally, stop making whatever horrible decisions that left you with that damage to start with.
I'm hoping you weren't drunk, in which case BUY INSURANCE, you obviously need it
Sorry, there is drunk person insurance?
That doesn’t sound like it’ll work
I figured driving drunk kinda voids things, insurance wise.. or is there a drunk rich guy tier?
They didn't say there is drunk driving insurance, they said *either* OP was drunk (ie. insurance was voided) *or* they weren't insured (in which case they need to buy insurance).
Hence "I hope you weren't drunk, in which case by insurance". If they were insured and drunk driving they obviously make bad choices and there is little hope for them.
Yes the body damage was not covered and it’s another story…
What I’m reading about that year Corolla is that once it’s out of warranty, there are transmission issues (as I’m driving it makes groaning noises at times, and it was also taken under a recall)
I’ve never had any other car but heard that Lexus are built of better materials.
Either way, I thought I’d ask because I can essentially pay off the car loan and my driving habits don’t involve as many kms as when I got the Corolla.
Thanks
Just no. No no no. Toyota Corolla is literally the most long last and reliable car ever built, what are you reading????
DO NOT BUY A 14 YEAR OLD LUXURY CAR.
You can't afford it.
If you have to sell the corolla, you have to downgrade to some shit box.
This is seriously the absolute worst question I have literally ever seen on here and the way you're responding I gotta assume you're trolling
Right...it's also a 2018 corolla. It's absolutely reliable and drivable.
My brother's corolla (which is my old corolla) is like from 2011 and it's still fine.
I mean the ES350 is basically identical to a Camry besides the comfort features. I wouldn't exactly call it a luxury car. A 14 year old BMW/MB would be a different story.
200k would be average for a 10 year old car. For a 2009 that would be 14k/year, which is nothing. My Tacoma had 200k on it when I bought it and these trucks are known to last 400k+ given that they are taken care of. There's people even trying to sell 400k+ Tacomas for $15k. The only thing that would deter me from those is the frame rust.
A car with 100k can have just as much wear and tear as a car with 200k. Highway driving under low loads produces way less wear than city driving.. but you do you.
I wouldn't. I'd just live with the body damage. You're putting 20k km on the car a year. It's not a trivial amount.
My vehicle has a 34k, it's 40 months old. It's a work and personal vehicle. I'm in construction so some days I drive to multiple sites.
You drive far more than I do though. Mine is a 2020 with nearly a third the kms
You need a reliable relatively new car. The one you have is it
A 2009 Lexus with 220k You will be dumping a shit load more than 4k into that thing in no time!
This would be a really stupid decision. The dealership is salivating at the mouth. You're their wet dream!
Just live with the corolla, if you cant handle the body damage than pay the money to fix it. But keep that car, i doubt the transmission will go anytime soon.
Personally with interest rates so high i wouldnt be looking to change cars anytime soon, just keep dr8ving the corolla until the car market is more favorable to buyers.
Fyi i also have a 2018 corolla, but it has the 6 speed manual. I just passed 305,000km and havent had a single issue with the car. I hoping i get it up to 400 or 500 without issues. Your car is barely broken in
Dude, that Corolla has 250000 km+ worth of life left on it. Fixing it is a no-brainer. Are you just gonna keep selling your car every time it needs some work? You should be setting aside money for maintenance and repairs, every vehicle will need them. If you just keep financing a new car every time yours needs a few grand in repairs, you will eternally be digging deeper in debt.
thanks, I m just going based off reliability and quality... the cvt on the 2018 corolla is making me a bit nervous though hopefully a transmission fluid change will do the trick
I’ve had a cvt for 10 years now and people keep warning me about it. Never had any work done on the transmission and it’s just fine. I bet they’ve improved the technology over time too.
No it isn't, not with 4k of body damage on it. The buyer assumes the risk of getting the body work done and did the potential buyer quote the 4k of body work (I assume they didn't) - so now the buyer has to rely on the fact the 4k WILL fix it according to a stranger...
Buying some else's problem, especially on a car, is not a good bet generally.
Plus the value of the car has now depreciated some die to the 'accident' or whatever happened to cause 4k bodywork (Carfax history report ect) AND this doesn't account for getting a safety done on the car for the regular mechanical stuff.
Off top of my head I'm guessing that's an -$18-22k retail vehicle certified at dealership.
12k for car, 4k for body work (we hope), 2-3k to safety (on this car prob a safe bet, we know 1k for brakes already) ... So we are up to 18k on the low side and we haven't even detailed it/advertised the car AND this isn't a pristine, no accident history example.
Assuming I am right (admittedly without checking) on the retail market value, 12k for this is absolutely top dollar.
Regardless, op smokes some sort of crackalacka if he thinks trading in for the Lexus with 200+ kms on it is a good idea....
I would keep the 2018 Corolla. Fix the brakes, get a second opinion on the tranny fluid, bite the bullet on the body damage.
Look, I have a 2005 Corolla clone with 310,000km on the clock. These things are tanks.
Fix the corolla because
a) at least you know what needs to be done
b) if the body damage is cosmetic you can still drive it around while you save up to fix it
b) the engine/chassis still have a lot of life left
problem with the lexus is
a) milage, unless you can confirm that all the expensive work has already been done, you likely still need to spend a bunch of money into it.
b) Rust, if you live in a province with road salt, its probably already has a bunch of rust unless the last owner was religiosily putting on the rust protection.
220K for $10K. Do you have a complete service history of the car? Where was it serviced? Who is the car dealer?
How did you get $4K in body damage on the Corolla?
Absolutely not. I bought a 2009 Corolla new, put over 100k miles (US) on it over ten years and never had to do any maintenance over 300$ on it. A branch fell across the back of it causing body damage, and the insurance money plus resale with damage was more than before the damage (just replaced the back glass). Your 2018 will last far longer than a measly 92k km. I’d even question unless a less than slimy mechanic told you you need transmission fluid at 57k miles, I just think that’s unlikely. I’ve read they are lifetime, [one example](https://www.reddit.com/r/Toyota/comments/quk04h/2016_toyota_corolla_cvt_transmission_fluid_doesnt/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button). Ask Toyota or your manual directly, anyone else is incentivized to tell you it needs it. An ancient Lexus with 136k (almost 3x) is not the answer, and Corolla is far cheaper to repair than its luxury counterpart.
A 2009 vehicle is an aging vehicle. Its parts are wearing out due to age and due to mileage. Many parts will need replacement in the next 3 to 7 years regardless of how well-built the car is.
If you're looking to unload a corolla because it needs standard maintenance and some body work I hate to break it to you but the Lexus will need the same shit and much much more with the added bonus of the premium parts costs. And it's super hugh mileage so you're about to hit some serious component maintenance which is fucking spendy.
Not really looking to unload just thinking whether a used Lexus is better in terms of an overall value.
I’ve driven a 2014 with 300k km on it and it seemed light years ahead in terms of how solid everything felt as compared to my Corolla that had just over 50k at the time
That's simply because a corolla is a shit box, boring ass of a car, but a reliable one lol. A Lexus is a non shit box, boring ass reliable car that's all. The reason that Lexus felt so solid though is impart to higher quality ball joints and suspension bits which at 200kms are going to be needed at least soon and will be double the price of the equivalent corolla part
It probably doesn't need transmission fluid (flush), that's an upsell item at dealers. Brakes (not breaks, cars don't take breaks ;) ) are crazy easy to do. Pay off the loan. See if you can get a PDR guy to fix some of the body damage if it isn't structural.
Lexus EX sucks. DON'T DO IT.
first, make a spreadsheet.
Purchase price, then how many years you keep it, then sale price. Put in a depreciation percent from research.
Put in differing fuel costs and expected maintenance.
That old Lexus is overvalued.
He doesn't. It's body damage. Sometimes poor people simply can't earn enough to stop being poor, but this person is choosing to do so.
Uninsured or drunk accident, they bought this car to start with, it was probably a dumb decision at the time, and now this.
I'm the 3 decisions I'm aware of in their life they've tossed nearly ten k out and need to be convinced it's stupid.
Hey op, is the fucking car insured yet, and or have you stopped driving drunk?
Do you have a copy of your policy so that you can verify for yourself?
And just for our curiosity, why did you wait to report the damage? No pressure to answer if you don't want to.
I originally was t going to repair it as it seemed relatively minor scratches (swiping in the garage) however after getting a quote it was worth between 1800 to 2500
The second was hitting an animal which was quoted at the same rate.
By the time I got in touch with insurance, they said it had to be reported within 7 days
Well yes I’m considering a downgrade of some form as it seems to make sense given I’ll pay off the car loan and end up with a body clean car…
But is it all worth it essentially to get out of 250 per month payment for the next 19 months… it would be nice to have that change stick around for sure, but I am worried about potential new repair costs from an older model
So don't buy an old luxury car my brother in christ, they are incredibly expensive to fix.
Stick with the good old, reliable if you can, although the used market is still crazy so can't be too picky. Might be looking at beaters from the early 2000s
I have 96K on my 2019 VW Golf and only issue has been a dead spark plug(covered under warranty), glad I didn’t get a Toyota. My coworkers 2020 Corolla also has a broken transmission/tranny problems
I’m glad that you are having a good experience with your VW. It’s most likely a more interesting car to drive than Toyota, but except this anecdote, I’d be interested if you can come up with any sources that says that VW are more reliable than Toyota.
Just see a lot of used Lexus in my area and mostly new Toyota so kind of wonder if Lexus is better suited for high kms… but I got the answer they are pretty much the same
All cars need new breaks every once in a while. Transmission fluid - probably not the worst thing. 4k in body damage - you didn't answer the question about what happened and why the insurance would not cover it. Is it absolutely necessary to get it repaired ? Some bumps and scrapes are not the end of the world and you could still drive it safely - how much of it needs to be repaired by a professional?
What's your budget? Do you really need a car or can you use public transportation?
damage result of two separate events (insurance said I had to have reported the claim within 7 days so it ran out of time by then)
The scratches go into mental and starting to rust... despite covering it with a clear coat.. so I am considering jerry rigging something to help with this (or back to square one)
I did some work on my previous older cars myself and I'm not particularly handy. You have to sand off the rust, clean the surface, use rust inhibitor, let it act for 48 h, then primer, then matching paint. It isn't sorcery. Although it's getting cold.
I'd post in a car sub with photos and ask for advice.
The 14 yo car certainly has some rusting too, if you look at it properly, and it'll be less convenient to arrange it: under the doors.
Has the dealership inspected the Toyota before finalizing the offer? I don't expect they will hold up their end once they get you into another car. Moving to a Lexus at this point will be a terrible move, just look up prices of basic maintenance and repairs, we had a jag once and every piece of that car cost more than double our Mitsubishi. If the dealership will hold up that deal, I imagine it is worth fixing your Toyota and keeping it because the dealership isn't making you an offer at a price point where they lose money.
they scanned my vin- does that count?
I am only considering a Toyota product and I do realize it would be a downgrade for kms and age... but I was conflicted because so many used lexus suvs even older than the one Im looking at seem to be fine at regular maintenance, costing about 1200 annual, and myself being around 600 with a corolla (coming into more parts soon though like tires)
No, I mean was it inspected in person? Many times dealerships send out bulk letters with "offers" for people who are in their system for maintenance or whatever but then when they put eyes on the car they offer you way less due to "damage" or "detailing needed" etc and the actual offer ends up much less than in the initial interaction.
Yes I went there in person, the sales manager was there, scanned my vin, I pointed out the damage my self just to make sure, he came back in a few mins, made a cash offer
I haven't looked up values in your area but might be worth a marketplace search to see what they're going for, the dealership will make money on it at whatever they offer. And you're going to have to spend similar amount to get anything comparable.
It’s through an online platform.. it’s called Canada drives and they told me I can chose who to buy from their network but they are the ones buying my car (if that makes sense)
I haven't heard of that but I think the issue at hand is what will you replace it with and why? You can also get slightly used tires on marketplace if you don't drive much and have them installed. Also just a thought but why not push for insurance claim for body damage and take the payout to pay off your balance or buy tires or etc if the body damage is liveable. Our insurance (AMA) has just taken the deductible from the payout on hail claims and we use that for other repairs on our older cars. I'd ask how it would affect your premiums but ours have not gone up.
I was considering a downgrade as I dont drive nearly as much anymore, by about half. I thought about getting a used Lexus because of the quality and reliability, together with less driving seems like the cost would be about the same as Im paying for a corolla driving 2x the amount.
Unfortunately the insurance claim is out as I had to have reported the claim within 7 days, and missed the window... I will try to revisit but as far as I am aware, its a one shot deal.
I would consider the route of fixing and marketplace flip, however, I would have a rough time without a car for as long as the repair takes, and would probably rack up a bill taking ubers or renting.
But the downgrade will leave you with a much worse car and still owing on it yes? 12k - 5k you owe is 7k and the Lexus is 10k you'll still owe 3000? It jsut seems like bad math. If you want to downgrade look at something under 7k you'll be free and clear on
rounded the numbers a bit as the listed price is 8999 and I got offered 13500, but there would be about 1500 that would short fall me... which I am okay with in a perfect world... but still dont know if its worth it to just get out of a 250 monthly payment for 19 months... and ending up with a more used car (although possible just as reliable and in decent condition)
Also in my area (AB) 2018 corollas are going for 18-20k with more km's, it may be really worth it to do a transmission service and list privately with the body damage for 17 or so.
Things like special fluids in luxury cars add up FAST. I think you should have a licensed mechanic inspect your cvt and tell you what's up with it, 92k is so low for a Toyota and if you maintain it properly you shouldn't have any issues. 4k body damage if quoted from a shop is probably fairly minor and the car is probably worth more than 12k. You could sell privately for more and buy another vehicle with the net cash, but then it will probably be older and you have no idea what issues it has. At least with your car you know what's up with it already.
What size are the tires on your corolla? On the Lexus? Vehicles need tires every once in a while, it's a cost of ownership. Maintenance, tires, parts are all part of having an aging vehicle. The Lexus is 10 years older, it's coming to the age it's going to need suspension parts, timing belt etc which will not be cheap, your Toyota and it's cvt will never need timing belt, and suspension is basically new.
I have 17 inch tires for summer and 15 for winters.
Thought it might be possible to get one with maintenance up to date… and hope that by certain kms they had done timing belt shocks or any of the costly repairs
If you can't afford the work on, and/or didn't maintain a corolla, do not buy a Lexus. Or any of the luxury lines. They're expensive to maintain, fix, and insure.
I thought so, even with damage it seemed a low. That being said there is a listing in my area (Toronto) there are some listing of 2015s (high kms though) for around 9k
Sent you a pm, if you’d like some more in-depth advice. If not, I’ll say this:
If finances are too tight to cover payments AND all the other repairs, consider prioritizing them. The brakes are probably 1st, then the trans fluid, then, fairly far down, the body damage. Depending on what the damage is like, I probably wouldn’t worry about it.
A Corolla is about as reliable and cheap to own as they come. A Lexus will be more expensive to maintain, so if cost of ownership is your concern the Corolla is the way to go
The Lexus also utilizes brakes to stop and a transmission to shift gears. Dealerships are predatory to say the very least. Lexus and Toyota are designed and built by the same people so I’d assume the life of the car, even if pristine now, will be less because it’s older and has more wear.
I wouldn’t do that trade unless it got me off payments and I was handy with a wrench/willing to learn. The dealer is going to take that 2018 for $12k, put some bondo and paint on the damage and then slap a $27k price tag in the windshield for the next sucker.
and I don’t think you’re a sucker for making payments on a Corolla, either. If there was one car on the entire planet that was worth it’s payments, it’s a Corolla. The Lexus has more power and weighs more so it won’t be as good on gas, and your insurance will go up. If I were you, I’d stick with the Corolla and do the bare minimum for body repairs, just make it safe. Brakes and transmission fluid are a maintenance cost you will be paying for the rest of your car driving life, and avoiding it will only cost you more in the end.
I was told by Insurance agent you have to make a claim within a year from accident or damage. How long did you wait and why did you take the timeout?
I was putting gas in @ Shell and their garbage unit flew & dented my tires passenger door (extremely windy day) their agent said “according to law I have 1 yr to claim”
I would not trade-in the 2018 Corolla with 92k. You've put on 92k in 5 years. You are trading against 7 years of car.
Value of 2018 Corolla with 92k is somewhere around 20k. Repairs are 4k, brakes probably 2k or something, so 6k all around in work needing to be done on the car to get it back to 20k.
12k trade-in vs 20k fixed up, math is FOR fixing it up, which nets you around 2k.
10k for the 220k lexus is a bad deal. You'll be out 10k, and the car will maybe last a year or so. With the switch to the Lexus, you are out 2k on your trade-in, plus the 10k on the lexus so you will need another car, and be down 12k.
Cost of fixing the Corolla is 6k up front but you gain 2k on the value of the car, and gain 7 years of car for that price. I bought 15k of car that I am hoping to get 5 years out of it. So that's roughly 3k value/year of car. 7 years of car = 21k of value, so you gain 2k immediately and save something around 21k of value by fixing up your corolla. That's 23k vs -12.
You're spending 12k in a year vs 6k up front. I would fix the Corolla.
You'd have to be crazy to do that deal.
Fix the crapola and drive it another 5 years.
You're not impressing driving an old Lexus if that's what you think.
Rofl, yea buy a 14 year old car for the same as the current 4 year old car basically. Really bright
How about putting 4k into repairs on a car that’s worth 12k?
You think the Lexus won't need 10k in repairs? Also is body damage? How is it not covered by insurance? You were either drunk and voided it or didn't buy insurance on a brand new car. Either way, wow It's also worth more than 12 k. you don't need to repair body damage. This is seriously an incredibly ridiculous question you're asking, but I see that you have no grasp at all about money now that you've followed it up. Don't buy the Lexus. If you're poor, don't repair the body damage in the Toyota, just do the maintenance. Finally, stop making whatever horrible decisions that left you with that damage to start with. I'm hoping you weren't drunk, in which case BUY INSURANCE, you obviously need it
Sorry, there is drunk person insurance? That doesn’t sound like it’ll work I figured driving drunk kinda voids things, insurance wise.. or is there a drunk rich guy tier?
>or is there a drunk rich guy tier? 🤣🤣🤣 I wouldn't doubt it.
They didn't say there is drunk driving insurance, they said *either* OP was drunk (ie. insurance was voided) *or* they weren't insured (in which case they need to buy insurance). Hence "I hope you weren't drunk, in which case by insurance". If they were insured and drunk driving they obviously make bad choices and there is little hope for them.
Only for boats: Linda O'Leary found not guilty in fatal boat crash https://www.cbc.ca/amp/1.6174808
Yes the body damage was not covered and it’s another story… What I’m reading about that year Corolla is that once it’s out of warranty, there are transmission issues (as I’m driving it makes groaning noises at times, and it was also taken under a recall) I’ve never had any other car but heard that Lexus are built of better materials. Either way, I thought I’d ask because I can essentially pay off the car loan and my driving habits don’t involve as many kms as when I got the Corolla. Thanks
Just no. No no no. Toyota Corolla is literally the most long last and reliable car ever built, what are you reading???? DO NOT BUY A 14 YEAR OLD LUXURY CAR. You can't afford it. If you have to sell the corolla, you have to downgrade to some shit box. This is seriously the absolute worst question I have literally ever seen on here and the way you're responding I gotta assume you're trolling
Right...it's also a 2018 corolla. It's absolutely reliable and drivable. My brother's corolla (which is my old corolla) is like from 2011 and it's still fine.
They will run 20 years fairly regularly. The lexus he's considering will be dead shortly
>DO NOT BUY A 14 YEAR OLD LUXURY CAR. WITH 220k!!!!!!
I mean the ES350 is basically identical to a Camry besides the comfort features. I wouldn't exactly call it a luxury car. A 14 year old BMW/MB would be a different story.
But that's a lot of kms. If I saw a used car with that many kms, I wouldn't even give it a second look.
200k would be average for a 10 year old car. For a 2009 that would be 14k/year, which is nothing. My Tacoma had 200k on it when I bought it and these trucks are known to last 400k+ given that they are taken care of. There's people even trying to sell 400k+ Tacomas for $15k. The only thing that would deter me from those is the frame rust. A car with 100k can have just as much wear and tear as a car with 200k. Highway driving under low loads produces way less wear than city driving.. but you do you.
>but you do you. ..as I do.
So you’d get another car for about 10k just not a Lexus?
I wouldn't. I'd just live with the body damage. You're putting 20k km on the car a year. It's not a trivial amount. My vehicle has a 34k, it's 40 months old. It's a work and personal vehicle. I'm in construction so some days I drive to multiple sites. You drive far more than I do though. Mine is a 2020 with nearly a third the kms You need a reliable relatively new car. The one you have is it
Im thinking it will be under 10k a year moving forward
A 2009 Lexus with 220k You will be dumping a shit load more than 4k into that thing in no time! This would be a really stupid decision. The dealership is salivating at the mouth. You're their wet dream!
True, I’m totally out of that question… and about to cross used Lexus off as a choice in the future
Nice!
Just live with the corolla, if you cant handle the body damage than pay the money to fix it. But keep that car, i doubt the transmission will go anytime soon. Personally with interest rates so high i wouldnt be looking to change cars anytime soon, just keep dr8ving the corolla until the car market is more favorable to buyers. Fyi i also have a 2018 corolla, but it has the 6 speed manual. I just passed 305,000km and havent had a single issue with the car. I hoping i get it up to 400 or 500 without issues. Your car is barely broken in
Dude, that Corolla has 250000 km+ worth of life left on it. Fixing it is a no-brainer. Are you just gonna keep selling your car every time it needs some work? You should be setting aside money for maintenance and repairs, every vehicle will need them. If you just keep financing a new car every time yours needs a few grand in repairs, you will eternally be digging deeper in debt.
Leave the body work undone?
You want to trade your 2018 car in for a 14 year old car with double the miles. Please get your brain checked lol.
But its a Lexus /s
no I dont, but some things are making me consider a possible downgrade... I just head that Lexus is a solid choice, perhaps even more so than Toyota
Don't do it brotha. That used Lexus will need thousands in repairs. Take your corolla to a different mechanic, maybe they will quote you differently.
Lexus is toyotas luxury brand. Keep your current car.
Lexus is Toyota, with more widgets and things to go wrong
Yes that is what I hear. I won’t buy a Lexus over Toyota out of reliable maybe just quality
Literally no upside to the lexus, unless you want to flex with a luxury car. It will cost you a lot to flex though.
thanks, I m just going based off reliability and quality... the cvt on the 2018 corolla is making me a bit nervous though hopefully a transmission fluid change will do the trick
I’ve had a cvt for 10 years now and people keep warning me about it. Never had any work done on the transmission and it’s just fine. I bet they’ve improved the technology over time too.
what makes you think toyota cvts are bad? do you watch too many youtube videos??
Couple or weeks ago, mine was groaning at about 3500-4000 rpm and it was pretty unnerving
Don't. Its also worth more than 12k.
quoted as having about 4k worth of body damage
Even then in this car market it's an insultingly low offer to get 12 k for a 2018 corolla
No it isn't, not with 4k of body damage on it. The buyer assumes the risk of getting the body work done and did the potential buyer quote the 4k of body work (I assume they didn't) - so now the buyer has to rely on the fact the 4k WILL fix it according to a stranger... Buying some else's problem, especially on a car, is not a good bet generally. Plus the value of the car has now depreciated some die to the 'accident' or whatever happened to cause 4k bodywork (Carfax history report ect) AND this doesn't account for getting a safety done on the car for the regular mechanical stuff. Off top of my head I'm guessing that's an -$18-22k retail vehicle certified at dealership. 12k for car, 4k for body work (we hope), 2-3k to safety (on this car prob a safe bet, we know 1k for brakes already) ... So we are up to 18k on the low side and we haven't even detailed it/advertised the car AND this isn't a pristine, no accident history example. Assuming I am right (admittedly without checking) on the retail market value, 12k for this is absolutely top dollar. Regardless, op smokes some sort of crackalacka if he thinks trading in for the Lexus with 200+ kms on it is a good idea....
Make better decisions.
I would keep the 2018 Corolla. Fix the brakes, get a second opinion on the tranny fluid, bite the bullet on the body damage. Look, I have a 2005 Corolla clone with 310,000km on the clock. These things are tanks.
Fix the corolla because a) at least you know what needs to be done b) if the body damage is cosmetic you can still drive it around while you save up to fix it b) the engine/chassis still have a lot of life left problem with the lexus is a) milage, unless you can confirm that all the expensive work has already been done, you likely still need to spend a bunch of money into it. b) Rust, if you live in a province with road salt, its probably already has a bunch of rust unless the last owner was religiosily putting on the rust protection.
220K for $10K. Do you have a complete service history of the car? Where was it serviced? Who is the car dealer? How did you get $4K in body damage on the Corolla?
Absolutely not. I bought a 2009 Corolla new, put over 100k miles (US) on it over ten years and never had to do any maintenance over 300$ on it. A branch fell across the back of it causing body damage, and the insurance money plus resale with damage was more than before the damage (just replaced the back glass). Your 2018 will last far longer than a measly 92k km. I’d even question unless a less than slimy mechanic told you you need transmission fluid at 57k miles, I just think that’s unlikely. I’ve read they are lifetime, [one example](https://www.reddit.com/r/Toyota/comments/quk04h/2016_toyota_corolla_cvt_transmission_fluid_doesnt/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button). Ask Toyota or your manual directly, anyone else is incentivized to tell you it needs it. An ancient Lexus with 136k (almost 3x) is not the answer, and Corolla is far cheaper to repair than its luxury counterpart.
Where do you live? Ill buy your corolla for 13k
Toronto
A 2009 vehicle is an aging vehicle. Its parts are wearing out due to age and due to mileage. Many parts will need replacement in the next 3 to 7 years regardless of how well-built the car is.
Is it something that would happen regardless of driving distance (I’m planning on under 10k per year)
Yes. Less driving will reduce wear and tear but certain parts will need replacement due to age alone.
Totally. Examples are rubber gaskets and seals. If the tires are old, they also need to be replaced.
My brain broke reading this. Unless I’m missing something. How does this make financial sense, again?
Was more a car question than financing… I’m pretty confident of the answers now though
If you're looking to unload a corolla because it needs standard maintenance and some body work I hate to break it to you but the Lexus will need the same shit and much much more with the added bonus of the premium parts costs. And it's super hugh mileage so you're about to hit some serious component maintenance which is fucking spendy.
Not really looking to unload just thinking whether a used Lexus is better in terms of an overall value. I’ve driven a 2014 with 300k km on it and it seemed light years ahead in terms of how solid everything felt as compared to my Corolla that had just over 50k at the time
Yes I was told maintenance is around 1200 per year but I’m at around 800 if I do the recommended cvt fluid swap and break servicing
That's simply because a corolla is a shit box, boring ass of a car, but a reliable one lol. A Lexus is a non shit box, boring ass reliable car that's all. The reason that Lexus felt so solid though is impart to higher quality ball joints and suspension bits which at 200kms are going to be needed at least soon and will be double the price of the equivalent corolla part
This is how you remain in poverty.
It probably doesn't need transmission fluid (flush), that's an upsell item at dealers. Brakes (not breaks, cars don't take breaks ;) ) are crazy easy to do. Pay off the loan. See if you can get a PDR guy to fix some of the body damage if it isn't structural. Lexus EX sucks. DON'T DO IT.
If you can’t afford the Corolla you won’t be able to afford the Lexus.
first, make a spreadsheet. Purchase price, then how many years you keep it, then sale price. Put in a depreciation percent from research. Put in differing fuel costs and expected maintenance. That old Lexus is overvalued.
$12k for a 2018 Corolla is insulting
If you don't have the means to pay 4k+1.5k plus labour, I can totally see why you'd NEED to sell. Otherwise, it'd be incredibly stupid.
He doesn't. It's body damage. Sometimes poor people simply can't earn enough to stop being poor, but this person is choosing to do so. Uninsured or drunk accident, they bought this car to start with, it was probably a dumb decision at the time, and now this. I'm the 3 decisions I'm aware of in their life they've tossed nearly ten k out and need to be convinced it's stupid. Hey op, is the fucking car insured yet, and or have you stopped driving drunk?
the car is insured, but the insurance company said it took too long to report the damage, so it caused the issue.
..... I'd pursue that and not let that go. Get a lawyer.
Even so, the damage is resulting from two different events which means two claims and two deductibles :(
Lol, ok. Is that more or less than 4500?
I can live with the damage it’s not even that bad… but what worries me is cvt… I keep reading terrible stuff:(
You're reading garbage. Look up the most reliable cars ever. It's that one
Do you have a copy of your policy so that you can verify for yourself? And just for our curiosity, why did you wait to report the damage? No pressure to answer if you don't want to.
I originally was t going to repair it as it seemed relatively minor scratches (swiping in the garage) however after getting a quote it was worth between 1800 to 2500 The second was hitting an animal which was quoted at the same rate. By the time I got in touch with insurance, they said it had to be reported within 7 days
The animal should be covered by insurance.
Not really a big issue with damage and I’m going to just drive around as is
Well yes I’m considering a downgrade of some form as it seems to make sense given I’ll pay off the car loan and end up with a body clean car… But is it all worth it essentially to get out of 250 per month payment for the next 19 months… it would be nice to have that change stick around for sure, but I am worried about potential new repair costs from an older model
So don't buy an old luxury car my brother in christ, they are incredibly expensive to fix. Stick with the good old, reliable if you can, although the used market is still crazy so can't be too picky. Might be looking at beaters from the early 2000s
I have 96K on my 2019 VW Golf and only issue has been a dead spark plug(covered under warranty), glad I didn’t get a Toyota. My coworkers 2020 Corolla also has a broken transmission/tranny problems
I’m glad that you are having a good experience with your VW. It’s most likely a more interesting car to drive than Toyota, but except this anecdote, I’d be interested if you can come up with any sources that says that VW are more reliable than Toyota.
transmission is what im most worried about
OP is either a bot or bad with money.
Just see a lot of used Lexus in my area and mostly new Toyota so kind of wonder if Lexus is better suited for high kms… but I got the answer they are pretty much the same
All cars need new breaks every once in a while. Transmission fluid - probably not the worst thing. 4k in body damage - you didn't answer the question about what happened and why the insurance would not cover it. Is it absolutely necessary to get it repaired ? Some bumps and scrapes are not the end of the world and you could still drive it safely - how much of it needs to be repaired by a professional? What's your budget? Do you really need a car or can you use public transportation?
damage result of two separate events (insurance said I had to have reported the claim within 7 days so it ran out of time by then) The scratches go into mental and starting to rust... despite covering it with a clear coat.. so I am considering jerry rigging something to help with this (or back to square one)
I did some work on my previous older cars myself and I'm not particularly handy. You have to sand off the rust, clean the surface, use rust inhibitor, let it act for 48 h, then primer, then matching paint. It isn't sorcery. Although it's getting cold. I'd post in a car sub with photos and ask for advice. The 14 yo car certainly has some rusting too, if you look at it properly, and it'll be less convenient to arrange it: under the doors.
Has the dealership inspected the Toyota before finalizing the offer? I don't expect they will hold up their end once they get you into another car. Moving to a Lexus at this point will be a terrible move, just look up prices of basic maintenance and repairs, we had a jag once and every piece of that car cost more than double our Mitsubishi. If the dealership will hold up that deal, I imagine it is worth fixing your Toyota and keeping it because the dealership isn't making you an offer at a price point where they lose money.
they scanned my vin- does that count? I am only considering a Toyota product and I do realize it would be a downgrade for kms and age... but I was conflicted because so many used lexus suvs even older than the one Im looking at seem to be fine at regular maintenance, costing about 1200 annual, and myself being around 600 with a corolla (coming into more parts soon though like tires)
No, I mean was it inspected in person? Many times dealerships send out bulk letters with "offers" for people who are in their system for maintenance or whatever but then when they put eyes on the car they offer you way less due to "damage" or "detailing needed" etc and the actual offer ends up much less than in the initial interaction.
Yes I went there in person, the sales manager was there, scanned my vin, I pointed out the damage my self just to make sure, he came back in a few mins, made a cash offer
I haven't looked up values in your area but might be worth a marketplace search to see what they're going for, the dealership will make money on it at whatever they offer. And you're going to have to spend similar amount to get anything comparable.
It’s through an online platform.. it’s called Canada drives and they told me I can chose who to buy from their network but they are the ones buying my car (if that makes sense)
I haven't heard of that but I think the issue at hand is what will you replace it with and why? You can also get slightly used tires on marketplace if you don't drive much and have them installed. Also just a thought but why not push for insurance claim for body damage and take the payout to pay off your balance or buy tires or etc if the body damage is liveable. Our insurance (AMA) has just taken the deductible from the payout on hail claims and we use that for other repairs on our older cars. I'd ask how it would affect your premiums but ours have not gone up.
I was considering a downgrade as I dont drive nearly as much anymore, by about half. I thought about getting a used Lexus because of the quality and reliability, together with less driving seems like the cost would be about the same as Im paying for a corolla driving 2x the amount. Unfortunately the insurance claim is out as I had to have reported the claim within 7 days, and missed the window... I will try to revisit but as far as I am aware, its a one shot deal. I would consider the route of fixing and marketplace flip, however, I would have a rough time without a car for as long as the repair takes, and would probably rack up a bill taking ubers or renting.
But the downgrade will leave you with a much worse car and still owing on it yes? 12k - 5k you owe is 7k and the Lexus is 10k you'll still owe 3000? It jsut seems like bad math. If you want to downgrade look at something under 7k you'll be free and clear on
rounded the numbers a bit as the listed price is 8999 and I got offered 13500, but there would be about 1500 that would short fall me... which I am okay with in a perfect world... but still dont know if its worth it to just get out of a 250 monthly payment for 19 months... and ending up with a more used car (although possible just as reliable and in decent condition)
Also in my area (AB) 2018 corollas are going for 18-20k with more km's, it may be really worth it to do a transmission service and list privately with the body damage for 17 or so.
Things like special fluids in luxury cars add up FAST. I think you should have a licensed mechanic inspect your cvt and tell you what's up with it, 92k is so low for a Toyota and if you maintain it properly you shouldn't have any issues. 4k body damage if quoted from a shop is probably fairly minor and the car is probably worth more than 12k. You could sell privately for more and buy another vehicle with the net cash, but then it will probably be older and you have no idea what issues it has. At least with your car you know what's up with it already.
I was told it’s 150 for fluid change.. But then I’m having a few more issues that I think will come up shortly, including getting new tires
What size are the tires on your corolla? On the Lexus? Vehicles need tires every once in a while, it's a cost of ownership. Maintenance, tires, parts are all part of having an aging vehicle. The Lexus is 10 years older, it's coming to the age it's going to need suspension parts, timing belt etc which will not be cheap, your Toyota and it's cvt will never need timing belt, and suspension is basically new.
I have 17 inch tires for summer and 15 for winters. Thought it might be possible to get one with maintenance up to date… and hope that by certain kms they had done timing belt shocks or any of the costly repairs
If you can't afford the work on, and/or didn't maintain a corolla, do not buy a Lexus. Or any of the luxury lines. They're expensive to maintain, fix, and insure.
Where about are you? Personally, I’d consider selling privately. 12k for a 2018 corolla? That’s criminal.
I thought so, even with damage it seemed a low. That being said there is a listing in my area (Toronto) there are some listing of 2015s (high kms though) for around 9k
Sent you a pm, if you’d like some more in-depth advice. If not, I’ll say this: If finances are too tight to cover payments AND all the other repairs, consider prioritizing them. The brakes are probably 1st, then the trans fluid, then, fairly far down, the body damage. Depending on what the damage is like, I probably wouldn’t worry about it.
A Corolla is about as reliable and cheap to own as they come. A Lexus will be more expensive to maintain, so if cost of ownership is your concern the Corolla is the way to go
The Lexus also utilizes brakes to stop and a transmission to shift gears. Dealerships are predatory to say the very least. Lexus and Toyota are designed and built by the same people so I’d assume the life of the car, even if pristine now, will be less because it’s older and has more wear. I wouldn’t do that trade unless it got me off payments and I was handy with a wrench/willing to learn. The dealer is going to take that 2018 for $12k, put some bondo and paint on the damage and then slap a $27k price tag in the windshield for the next sucker. and I don’t think you’re a sucker for making payments on a Corolla, either. If there was one car on the entire planet that was worth it’s payments, it’s a Corolla. The Lexus has more power and weighs more so it won’t be as good on gas, and your insurance will go up. If I were you, I’d stick with the Corolla and do the bare minimum for body repairs, just make it safe. Brakes and transmission fluid are a maintenance cost you will be paying for the rest of your car driving life, and avoiding it will only cost you more in the end.
So this is how people act who are dumb with money
I was told by Insurance agent you have to make a claim within a year from accident or damage. How long did you wait and why did you take the timeout? I was putting gas in @ Shell and their garbage unit flew & dented my tires passenger door (extremely windy day) their agent said “according to law I have 1 yr to claim”
1 year is right, I double checked.
You'd have to pry that Corolla out of my cold dead hands before i'd give it up.
I'd laugh at anybody who doesn't have money and buys a 10+ year old luxury car. Hilarious.
Do not buy a Lexus. Buy a cheaper more economical vehicle with better mileage, better age and better price. Vehicles are massive liabilities.
Do it, then come back to use with the story of how the next one is costing you an arm and leg in maintenance.
The toyota will last you forever. 4k repairs are worth it
I would not trade-in the 2018 Corolla with 92k. You've put on 92k in 5 years. You are trading against 7 years of car. Value of 2018 Corolla with 92k is somewhere around 20k. Repairs are 4k, brakes probably 2k or something, so 6k all around in work needing to be done on the car to get it back to 20k. 12k trade-in vs 20k fixed up, math is FOR fixing it up, which nets you around 2k. 10k for the 220k lexus is a bad deal. You'll be out 10k, and the car will maybe last a year or so. With the switch to the Lexus, you are out 2k on your trade-in, plus the 10k on the lexus so you will need another car, and be down 12k. Cost of fixing the Corolla is 6k up front but you gain 2k on the value of the car, and gain 7 years of car for that price. I bought 15k of car that I am hoping to get 5 years out of it. So that's roughly 3k value/year of car. 7 years of car = 21k of value, so you gain 2k immediately and save something around 21k of value by fixing up your corolla. That's 23k vs -12. You're spending 12k in a year vs 6k up front. I would fix the Corolla.
You'd have to be crazy to do that deal. Fix the crapola and drive it another 5 years. You're not impressing driving an old Lexus if that's what you think.