Should I buy my Lexus IS 250 company car from my employer?

I am due to retire soon and my company has offered me the opportunity to buy my 34,000 mile 2009 Lexus IS 250 SE company car at book cost, which is around £7200. It seems like a good deal but I understand that this model has now been withdrawn, and Lexus will replace it with a hybrid model next June. What do you think I should do?

Asked on 11 October 2012 by AM, Ditchling

Answered by Honest John

October book retail for a 2009 IS250 SE-L Nav with 40,000 miles was £15,400 and trade book was £11,850. By 'book cost' they must mean the amount that the company has written it down to. So it's a tremendous bargain.

This is probably the most reliable car you can buy. Its only downside is fairly poor fuel economy, but no other car the same size is anything like as smooth. I'd bite their hands off.

Tags: company cars car values buying a used car

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Lexus IS (2005 - 2013)

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