Resale value - V6 Accord EX vs. Lexus ES series - Drive Accord Honda Forums | radio-pro.ru
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post #1 of 13 Old 12-13-2011, 03:33 PM Thread Starter
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Resale value - V6 Accord EX vs. Lexus ES series

As I've posted recently, I'm nearly ready to buy a 2004 V6 Accord EX-L. I also have my eye on a Lexus ES series (either the ES300 or ES330). Keeping things as equal as possible (I know they are completely different vehicles) which holds its resale value better...V6 Accords ('03-'06) or the Lexus ES? What is the basis for your opinion?

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post #2 of 13 Old 12-13-2011, 03:37 PM
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Hate to say this, but my guess would be the Lexus. Do a KBB on both cars. We've owned both, and I will say the Lexus is an excellent vehicle. My wife had an RX300. Also remember like Cadillac when you fix it you will pay Lexus prices.

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post #3 of 13 Old 12-14-2011, 04:53 AM Thread Starter
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restating the question....which would yield a higher % of return on initial investment
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post #4 of 13 Old 12-14-2011, 05:39 AM
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Neither would provide a return but the Lexus would depreciate less. Also the auto transmission in the 04 V-6 Accord was not one of Honda's best efforts. I wouldn't even consider it. The Lexus does not have transmission issues.
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post #5 of 13 Old 12-14-2011, 06:33 AM
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All things equal, they will probably both hold their value fairly well. On a 7-8 year old car, depreciation would be the last thing on my mind. I would look at ownership costs first. For example, how much will it cost to repair all the things that will begin failing as I drive this car for the next few years. Brakes, exhaust, gaskets, suspension components, scheduled maintenance, etc... In this case I would say the Accord will be much cheaper to own than the Lexus.
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post #6 of 13 Old 12-14-2011, 06:48 AM
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I would get the Lexus given the choice.

It is a better car.

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post #7 of 13 Old 12-14-2011, 07:03 AM
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Quote:
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I would look at ownership costs first. For example, how much will it cost to repair all the things that will begin failing as I drive this car for the next few years. Brakes, exhaust, gaskets, suspension components, scheduled maintenance, etc... In this case I would say the Accord will be much cheaper to own than the Lexus.

You mean things failing like the problematic V6 Accord Transmission, right? How would that affect ownership costs?

OP, get the Lexus as the V6 is too much of a risk. If you want a basis, just search the forum on V6 tranny issues. Also, you'll have a much quieter ride, free of rattles, etc. with the Lexus.

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post #8 of 13 Old 12-14-2011, 10:14 AM
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Quote:
You mean things failing like the problematic V6 Accord Transmission, right? How would that affect ownership costs?
Yes to the first part and the answer to the second is obvious....replacing a transmission is not chump change nor is repair. That would drive ownership costs sky high would it not?
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post #9 of 13 Old 12-14-2011, 10:28 AM
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Before we all jump on the Accord transmission issues, let's talk about the Lexus V6 engine issues.............

Both have their faults...........

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post #10 of 13 Old 12-14-2011, 01:30 PM
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Quote:
Originally Posted by accordian04 View Post
As I've posted recently, I'm nearly ready to buy a 2004 V6 Accord EX-L. I also have my eye on a Lexus ES series (either the ES300 or ES330). Keeping things as equal as possible (I know they are completely different vehicles) which holds its resale value better...V6 Accords ('03-'06) or the Lexus ES? What is the basis for your opinion?
Honda has been know here in Canada to have good resale value but
then Lexus would also hold a fair amount of resale value as well because its a Luxuries car. So I would say Lexus would be on top compare to Accord (the one your talking about)

Side note: Accord did have transmission problems but not all of them(talking majority)

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post #11 of 13 Old 12-14-2011, 03:05 PM
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replacing a transmission is not chump change nor is repair. That would drive ownership costs sky high would it not?
That's the point I was making. It wasn't really a question.

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post #12 of 13 Old 12-14-2011, 07:12 PM
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The lexus ES line is pretty much a Camry with all the bells and whistles. Just FYI. They arent really the popular kid in the Lexus crowd, just the cheaper one.

If your going Lexus and want a 6 cylinder I would look at the IS300 or the GS300. The ES300's are pretty blah.

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post #13 of 13 Old 12-14-2011, 08:09 PM
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These two cars are not in the same class, are they? The Accord is not what I'd call a refined luxury car, but I love driving it.

As far as tranny goes - I did some research the night before I bought my 2004 EX V6, and while there are some horror stories all of the major sites I visited for relaibility gave the 04 EX V6 a high grade anyway.
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