Depreciation and Resale Value?
09-03-18 | 09:46 AM
#16
You all know leasing is the MOST EXPENSIVE way to finance a vehicle, right? Leasing is just another way to finace with closer to an effective 10%-15% interest rate. Run the figures and you will see. There is a reason that car companies push leasing so enthusiastically. They make more money off of the lease than the actual profit on the vehicle. Kinda like credit cards . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
09-06-18 | 06:13 AM
#17
Driver School Candidate
Joined: Aug 2005
Posts: 48
Likes: 4
From: FL
You all know leasing is the MOST EXPENSIVE way to finance a vehicle, right? Leasing is just another way to finace with closer to an effective 10%-15% interest rate. Run the figures and you will see. There is a reason that car companies push leasing so enthusiastically. They make more money off of the lease than the actual profit on the vehicle. Kinda like credit cards . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
09-06-18 | 12:53 PM
#18
Pit Crew
Joined: May 2009
Posts: 118
Likes: 7
From: WA
The steep depreciation probably means there is a current low demand for the LC due to various factors.
Check out the Mercedes S-class sedan. The S class has a 5 year depreciation of 63.5%, according to US News Nov 2016 article.
So depreciation is our friend. Wait a few years, and grab a LC for $50k
Lexus models age well, and the LC is well ahead of its time in terms of its design.
Check out the Mercedes S-class sedan. The S class has a 5 year depreciation of 63.5%, according to US News Nov 2016 article.
So depreciation is our friend. Wait a few years, and grab a LC for $50k
Lexus models age well, and the LC is well ahead of its time in terms of its design.
09-07-18 | 01:06 PM
#19
Driver School Candidate
Joined: Aug 2005
Posts: 48
Likes: 4
From: FL
The steep depreciation probably means there is a current low demand for the LC due to various factors.
Check out the Mercedes S-class sedan. The S class has a 5 year depreciation of 63.5%, according to US News Nov 2016 article.
So depreciation is our friend. Wait a few years, and grab a LC for $50k Lexus models age well, and the LC is well ahead of its time in terms of its design.
Check out the Mercedes S-class sedan. The S class has a 5 year depreciation of 63.5%, according to US News Nov 2016 article.
So depreciation is our friend. Wait a few years, and grab a LC for $50k
Lexus models age well, and the LC is well ahead of its time in terms of its design.I agree that low demand for the LC right now is not a good thing, but if the trend continues then the LC will not drop so quickly in value. There isn't a surplus of LC's at Lexus dealerships, and more people will be looking for a used one in 3 years. However, scarce pickings are going to result in lots of people searching for the same vehicle, and they'll be willing to pay more to obtain it over the next guy...
Where did I get this info, you ask? I shook my magic 8 ball..
09-08-18 | 04:14 AM
#22
Pit Crew
Joined: Oct 2015
Posts: 105
Likes: 32
From: FL
You all know leasing is the MOST EXPENSIVE way to finance a vehicle, right? Leasing is just another way to finace with closer to an effective 10%-15% interest rate. Run the figures and you will see. There is a reason that car companies push leasing so enthusiastically. They make more money off of the lease than the actual profit on the vehicle. Kinda like credit cards . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
Leasing is is appropriate for people that like new cars often. It also eliminates accident and damage depreciation. It also creates a stop loss for excessive depreciation while preserving your ability to capitalize on low depreciate. For example: I leased my IS F the first year in 2008. At the end the buy out was 33k. I bought it off lease, drive it 6 months then sold it for 44k.
09-09-18 | 02:34 PM
#23
Lexus Fanatic
Joined: Nov 2011
Posts: 31,686
Likes: 73
From: ON/NY
You all know leasing is the MOST EXPENSIVE way to finance a vehicle, right? Leasing is just another way to finace with closer to an effective 10%-15% interest rate. Run the figures and you will see. There is a reason that car companies push leasing so enthusiastically. They make more money off of the lease than the actual profit on the vehicle. Kinda like credit cards . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
I guess it is a way for people that can't really afford the vehicle to feel like they can . . . . . . .
09-23-18 | 09:41 AM
#24
Instructor
Joined: May 2011
Posts: 790
Likes: 36
From: AZ
Prices on preowned LC 500’s continue to drop, possibly reflecting the imminent release of the 2019 model. There are nine low mileage preowned LC 500‘s priced under $80,000, with the lowest priced one offered for $77,750. If you prefer the CPO version, one is offered for $78,949, another for $79,900. All seem to have clean Carfax, no damage history or unusual service history. One of these days, they may be down to my price range.
09-24-18 | 10:57 AM
#25
Driver
Joined: Mar 2018
Posts: 164
Likes: 13
From: CA
Prices on preowned LC 500’s continue to drop, possibly reflecting the imminent release of the 2019 model. There are nine low mileage preowned LC 500‘s priced under $80,000, with the lowest priced one offered for $77,750. If you prefer the CPO version, one is offered for $78,949, another for $79,900. All seem to have clean Carfax, no damage history or unusual service history. One of these days, they may be down to my price range.
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reposado2 (09-25-18)
09-26-18 | 09:17 PM
#27
Pole Position
Joined: Aug 2013
Posts: 2,629
Likes: 250
From: CA
I'm waiting..............
Prices on preowned LC 500’s continue to drop, possibly reflecting the imminent release of the 2019 model. There are nine low mileage preowned LC 500‘s priced under $80,000, with the lowest priced one offered for $77,750. If you prefer the CPO version, one is offered for $78,949, another for $79,900. All seem to have clean Carfax, no damage history or unusual service history. One of these days, they may be down to my price range.
10-25-18 | 06:24 PM
#28
Instructor
Joined: May 2011
Posts: 790
Likes: 36
From: AZ
According to Cargurus.com, there are now 13 preowned LC500’s offered for sale for less than $80,000, two priced under $75,000. Admittedly, the one under $74,000 has an accident history, but clearly, the pricing is headed downward.
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shirosan (10-31-18)
10-25-18 | 07:14 PM
#30
Pole Position
Joined: Jan 2018
Posts: 256
Likes: 108
From: Arizona
Mine was $114K out the door with tax, title and license. Fully loaded Performance package with blacked out grill and gloss black 21" wheels.