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Keep the Lexus. IMO a $12k hit is a bit much; was the time and mileage with the car worth $12k? Thats the question I would ask myself. If you feel you've had your money's worth with the Lexus and are now ready to move onto something new then go for it. When did you buy the Lexus anyway and did you buy it outright, finance or lease? If you financed or leased goes $31k even get your out of the hole?
To the question of why people want to trade in 1 or 2 year old cars; some are leases and realize they are running out of miles; some buy on impulse; some get fed up with reliability issues; some can simply afford it; some dont want to run out of warranty; etc...
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