My dad is in the market for a new car, and he told me he will sell me his Lincoln LS for the trade in value, which is a pretty good deal. The car is in immaculate condition. I am in the market for a new car, and his Lincoln LS is nice car, should I jump on the deal? Would I lose much if I decided to trade it in or sell in a year or two?
2007-10-26 04:17:42 · 12 answers · asked by atvman_400 5 in Cars & Transportation ➔ Car Makes ➔ Ford
The car is a 2002 V8 model and has every option available. There isn't a scratch or a ding on the car.
2007-10-26 04:37:50 · update #1
The Lincoln LS is a very nice car and getting it for what the dealer is willing to pay for it is probably good deal. Given that it is already used most of the depreciation has already happened so you may lose 5 to 10% per year provided you maintain it well. I always buy 3 year old used luxury cars after someone else takes the depreciation hit so that way for less than the price of a cheap new car you can drive in luxury and still have a good resale value in a few years.
2007-10-26 06:03:32 · answer #1 · answered by Gord R 2 · 2⤊ 0⤋
I'm gonna probably be thumbed down for this answer but here is the facts.
These cars are good cars.. I love driving them as they are one of the best FLM cars around... You will loose a little in a year or two as the car normally deprechiates...
Now why I'm gonna be thummed down for.... If you got the funds, it's a great car, but the v-8s have a habit of needing every coil pack changed sooner or later due to oil getting on them and causing weird things.. these cars are also bad for electrical issues.
If your dad kept it up mechanically, it could be a wise investment.. just be ready for some expensive repair bills due to that Lincoln name and the fact the engine is a rare one (sharing with the T-bird and Jaguar)
2007-10-26 15:04:34 · answer #2 · answered by gearbox 7 · 3⤊ 0⤋
If you sell it later for market price, versus buying at trade in price, you'll probably be okay. Of course that is if you keep it in as good of condition as your dad did. I really like the style of the LS, so I'd say go for it. Mileage is another factor that I would look at, as well as how well he maintained it. Did he do all the maintenance, or did he just get the oil changed?
2007-10-26 12:29:43 · answer #3 · answered by MadCowRacer 4 · 0⤊ 0⤋
It does sound like a good deal. The question is do you want the car? If you do, then buy it, by all means.
The majority of the depreciation should have already taken place. So for the price that you'll get it for, you should be able to drive it for a couple of years and sell it for what you paid for it. Good luck.
2007-10-26 06:39:22 · answer #4 · answered by Fordman 7 · 0⤊ 0⤋
Those are very nice cars. They also handle well which is not something Lincolns are known for. Since its a V8 I'd say go for it. The mileage isn't bad either.
2007-10-26 07:05:46 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you cant change a coil pack, maybe you shouldn't be driving? Lol, j.k. coil packs are simple to replace. At the least you could order 1 if you needed and take it to an average skilled mechanic and have it done for 25% of the dealers charge...All dealerships charge double triple of private shops
.
2014-06-22 18:46:21 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you like the car and you are getting a good deal, than go for it...
2007-10-26 04:25:59 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Just keep in mind how much gas it will cost to run the thing, cause lincolns are not known for their gas mileage
2007-10-26 05:52:14 · answer #8 · answered by Anonymous · 0⤊ 2⤋
you can always sell it at blue book value or more if kept in mint condition you didnt say what yr though. id go for it
2007-10-26 04:21:28 · answer #9 · answered by Anonymous · 0⤊ 0⤋
thats a good deal
2007-10-26 16:46:58 · answer #10 · answered by iPodHelp 2 · 0⤊ 0⤋