The V8 is back: IS 500 F SPORT Performance
#5056
Intermediate
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Just to be clear guys the $2,200 in Port Installed options does not ALL goto the dealerships..
If it’s part of the MSRP they just get the incremental %, like the car itself.
Just wondering did anyone see or grab the MSRP..?? I’m curious as to how many PIO items were added..
Joe Z
If it’s part of the MSRP they just get the incremental %, like the car itself.
Just wondering did anyone see or grab the MSRP..?? I’m curious as to how many PIO items were added..
Joe Z
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Plus 10k ADM
Edit: looks like it's $1375 in accessories, I must have crossed my notes with another dealer. The 10k is correct however
Last edited by IssaV8; 01-05-22 at 10:12 AM. Reason: Adjust
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Carolina50 (01-05-22)
#5057
Lead Lap
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^^ despite all this, accessories should still be optional. I understand the administration fee by the dealer, however, imagine going to buy a TV and they force you to buy a stand, buy cleaning products for the TV, a package of 100 batteries for the remote control, etc. That just boggles my mind but maybe its because again, i am in Canada where accessories are just that, something a customer has the opportunity to buy if they so chose. Are they forcing you guys to buy Lexus ballcaps and T-shorts too?!
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#5058
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They definitely didn't spend any money on the music. I thought I was watching Beverly Hills Cop for a minute there
#5059
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^^ despite all this, accessories should still be optional. I understand the administration fee by the dealer, however, imagine going to buy a TV and they force you to buy a stand, buy cleaning products for the TV, a package of 100 batteries for the remote control, etc. That just boggles my mind but maybe its because again, i am in Canada where accessories are just that, something a customer has the opportunity to buy if they so chose. Are they forcing you guys to buy Lexus ballcaps and T-shorts too?!
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Gotcha.. Yes those are good options and installed at the port by Technicians who basically treat the cars with white gloves when installing all the equipment / accessory options..
I would love to see if the trunk sill will say “Lexus - IS 500”.
These I can deal with, but would never go into the forced dealer installed options which are heavily marked up..
At least the PIO items are correctly priced & Lexus controlled..
Eventually owners who did not get these parts on their IS 500’s can order them over the counter at their local Lexus dealership parts dept or your favorite oem online websites.
Joe Z
#5060
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Not always. You might eek out a little bit more value by waiting for the late model years but there's always an opportunity cost no matter which way you go. By waiting, the trade-offs might be (1) you won't get to enjoy the car during its debut year(s) when it turns the most heads including your own and (2) if you're financing, you won't pay the car off sooner in your lifetime. Consider a scenario where the sooner the car is paid off, the sooner someone can use their $ for something else, like a larger house that they couldn't afford now due to income restraint or likewise couldn't afford a large house payment + IS500 payment in 3 years.
I understand in the year 2030 and beyond that a 2025 IS500 will be worth more than a 2022 model, but if you can afford this car in the first place that is a marginal amount (maybe $8,000 max all else being equal) of your total net worth. Maybe you get a better suspension or maybe you get a HUD, maybe both. But is that really worth waiting 3 years of your youth?
Now if the 2022 model year turns out to be a dud, like it burns oil, then yes, you saved yourself a world of headache by waiting. Let's hope that's not the case.
I understand in the year 2030 and beyond that a 2025 IS500 will be worth more than a 2022 model, but if you can afford this car in the first place that is a marginal amount (maybe $8,000 max all else being equal) of your total net worth. Maybe you get a better suspension or maybe you get a HUD, maybe both. But is that really worth waiting 3 years of your youth?
Now if the 2022 model year turns out to be a dud, like it burns oil, then yes, you saved yourself a world of headache by waiting. Let's hope that's not the case.
The most recent example is the Durango SRT Hellcat, it is limited production and FCA clearly said it is only one model year run and will be discontinued forever. Initially every unit has been booked and seems it is very hard to buy one, but for now look what happened? There are tons of new Durango Hellcats in inventory and you can easily buy one with any color/options combination you like. Yes it is still limited production and very collectable, but now you can easily buy one. The IS500 will follow the same route.
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#5061
Racer
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#5062
Pole Position
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Whenever there is a really good car models coming to the market, there will be a sudden increase of demand at the very beginning, which will give people an impression that it is scarce and hard to get. However it will cool down a couple month later. I do not see any exception in my lifetime (unless that car model product line is truly limited to a handful units which are already be spoken for well before the public announcement, for example the Bentley Bacalar).
The most recent example is the Durango SRT Hellcat, it is limited production and FCA clearly said it is only one model year run and will be discontinued forever. Initially every unit has been booked and seems it is very hard to buy one, but for now look what happened? There are tons of new Durango Hellcats in inventory and you can easily buy one with any color/options combination you like. Yes it is still limited production and very collectable, but now you can easily buy one. The IS500 will follow the same route.
The most recent example is the Durango SRT Hellcat, it is limited production and FCA clearly said it is only one model year run and will be discontinued forever. Initially every unit has been booked and seems it is very hard to buy one, but for now look what happened? There are tons of new Durango Hellcats in inventory and you can easily buy one with any color/options combination you like. Yes it is still limited production and very collectable, but now you can easily buy one. The IS500 will follow the same route.
#5063
Lead Lap
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#5064
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#5065
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I dont know anything about the Hellcat but you're right. EXCEPTTTTT we now live in crazy times and will car prices ever come back to normal? Probably but what if they don't? Let's say things stay the same way forever. A IS350 used costs more than it was when it was new, as is the case with most used cars purchased new in the last 2 years or so.
I do think we're technically paying a mild premium for being early adopters, but as you mentioned given the environment being able to buy an in-demand new car at MSRP is a good position to be in, especially when others are paying above new MSRP for used cars. Any premium also becomes less important if you're planning to keep this car for the long term, as I am.
This is a solid car with components that have all proven to be very reliable. Very rare, a unicorn of sorts, especially with the EV takeover on the horizon.
Last edited by jororo; 01-05-22 at 08:22 PM.
#5066
Lexus Connoisseur
#5067
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I dont know anything about the Hellcat but you're right. EXCEPTTTTT we now live in crazy times and will car prices ever come back to normal? Probably but what if they don't? Let's say things stay the same way forever. A IS350 used costs more than it was when it was new, as is the case with most used cars purchased new in the last 2 years or so.
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flipside909 (01-05-22)
#5068
Lexus Connoisseur
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As long as we sell our old car and buy a new one at the same time, we will be "immune" to the auto market fluctuation. Used car's market trend is highly correlated to the new car market, the premium you "earn" from selling your old car will offset the premium you pay on the new car.
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#5070
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On a related note we are in a low interest, high inflation environment (a paradox that makes my undergrad finance degree even more worthless than it already was). Can always wait a few years to buy, but at that point the MSRP could be 15%+ higher solely due to inflation pressures and/or your interest rate could be 8-12%, either of which would be a kick in the giggleberries for waiting. Not saying that's going to happen but historically, outside of purely commodity goods, post-inflation prices don't really recede back to pre-inflation prices. See years 1974 and 1980.
I do think we're technically paying a mild premium for being early adopters, but as you mentioned given the environment being able to buy an in-demand at MSRP is a good position to be in, especially when others are paying above new MSRP for used cars. Any premium also becomes less important if you're planning to keep this car for the long term, as I am
I do think we're technically paying a mild premium for being early adopters, but as you mentioned given the environment being able to buy an in-demand at MSRP is a good position to be in, especially when others are paying above new MSRP for used cars. Any premium also becomes less important if you're planning to keep this car for the long term, as I am
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Brandonfu (01-11-22)