Depreciation and Resale Value?
#1
Depreciation and Resale Value?
A few weeks back I bought my LC and I was initially looking to lease. The sales person had given me a depreciation estimate depending on how long I lease and it was 3 years worth $47k and for 4 years it was $37k, both at 15k miles/year. That seems kind of steep given that this is a semi-exotic. It is hard to accept that this vehicle will depreciate down to pretty much nothing in about 10 years. The new DB11 is very similar and it will never depreciate that much!
Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
#2
Regular car, nothing “semi-exotic” about it. My IS 350 was 12 years old, and traded it for 20% of what I paid new (pretty happy with that). Plus I’m sure I could have sold it for 25-30% private sale if I was bothered to do so. I expect LC to follow the same curve. No one can predict 10 years. Gas burning cars could be outlawed by then, and be worthless.
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Gojirra99 (09-08-18)
#5
A few weeks back I bought my LC and I was initially looking to lease. The sales person had given me a depreciation estimate depending on how long I lease and it was 3 years worth $47k and for 4 years it was $37k, both at 15k miles/year. That seems kind of steep given that this is a semi-exotic. It is hard to accept that this vehicle will depreciate down to pretty much nothing in about 10 years. The new DB11 is very similar and it will never depreciate that much!
Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
#6
A few weeks back I bought my LC and I was initially looking to lease. The sales person had given me a depreciation estimate depending on how long I lease and it was 3 years worth $47k and for 4 years it was $37k, both at 15k miles/year. That seems kind of steep given that this is a semi-exotic. It is hard to accept that this vehicle will depreciate down to pretty much nothing in about 10 years. The new DB11 is very similar and it will never depreciate that much!
Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
Do you agree that the LC will depreciate like a regular car or will it be more like the depreciation of a Porsche 911?
#7
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#8
when the fuel pump recall came out.
#10
Do you guys think the LC will be selling for 40-45K in 3 years with
with 25K -30K in mileage?
Might have to buy one then in 3 years
Love the design and everything about the car but
still have a hard time paying 125K for a Lexus.
No offense to Lexus as I owned 3 Lexus but paying
over a 100K for an LC now only to see the car depreciate
to 40K in 3 years is a lot of bills. I guess if you can eait
and do not need to be the first to own one might really
be the way to go
with 25K -30K in mileage?
Might have to buy one then in 3 years
Love the design and everything about the car but
still have a hard time paying 125K for a Lexus.
No offense to Lexus as I owned 3 Lexus but paying
over a 100K for an LC now only to see the car depreciate
to 40K in 3 years is a lot of bills. I guess if you can eait
and do not need to be the first to own one might really
be the way to go
#11
Only bad examples/branded title cars will be below $50k in 3 years Imo and doubt they'll go much lower. For a clean titled LC500 with around 50k miles, $60k will be reasonable to pay. Still would be a lot of car for that money in 3 years. Will take a while for other vehicles to catch up to the interior of the LC. Lexus vehicles ages SUPER WELL, as long as they are properly maintained.
V.
V.
#12
Do you guys think the LC will be selling for 40-45K in 3 years with
with 25K -30K in mileage?
Might have to buy one then in 3 years
Love the design and everything about the car but
still have a hard time paying 125K for a Lexus.
No offense to Lexus as I owned 3 Lexus but paying
over a 100K for an LC now only to see the car depreciate
to 40K in 3 years is a lot of bills. I guess if you can eait
and do not need to be the first to own one might really
be the way to go
with 25K -30K in mileage?
Might have to buy one then in 3 years
Love the design and everything about the car but
still have a hard time paying 125K for a Lexus.
No offense to Lexus as I owned 3 Lexus but paying
over a 100K for an LC now only to see the car depreciate
to 40K in 3 years is a lot of bills. I guess if you can eait
and do not need to be the first to own one might really
be the way to go
#14
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 . . . . . . .
Last edited by DRGibbons; 08-30-18 at 10:38 AM. Reason: spelling
#15
Are there dealers out here (in Cali?) really trying to push this car for $125k? I haven't heard of anyone rolling out for more that $100k fully-optioned at this point... Even fully taxed it wouldn't hit close to $125k?