Who here is getting a lfa! Help!
06-11-10, 02:45 PM
#16
I brought up a lease option other than the one communicated to the public.
The response was, the one pay is alll we currently have but "we are willing to work with you". So I believe a different plan is possible/likely.
The response was, the one pay is alll we currently have but "we are willing to work with you". So I believe a different plan is possible/likely.
06-11-10, 02:55 PM
#18
I would express significant reservation about pursuing the LFA in your case. Have you looked into the ownership costs beyond the MSRP, such as forced lease interest, sales tax, registration fees/excise, insurance, other first-year operating costs? It's going to add up to far more than the MSRP of the vehicle, and you need to understand these costs and plan for them.
I'm going to be among the last people on this board to tell you not to go for what you want, but you have to make sure - with all facts considered - that in fact it truly is what you want. I don't know what your cash flow is or what your employment situation is, but given the facts you've stated, I simply think you can find a lot better uses for the $500k+ you're going to tie up in this car over the first couple years of use, and you're going to get more chances to own more great cars in the future.
I personally would bank on the LFA depreciating like a typical supercar - in other words, quite rapidly. Cars should not receive financial treatment or consideration as investments.
I'm going to be among the last people on this board to tell you not to go for what you want, but you have to make sure - with all facts considered - that in fact it truly is what you want. I don't know what your cash flow is or what your employment situation is, but given the facts you've stated, I simply think you can find a lot better uses for the $500k+ you're going to tie up in this car over the first couple years of use, and you're going to get more chances to own more great cars in the future.
I personally would bank on the LFA depreciating like a typical supercar - in other words, quite rapidly. Cars should not receive financial treatment or consideration as investments.
and i also don't think lfa will really appreciate in values
sure, keep us posted about what lexus says
06-11-10, 03:01 PM
#19
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I am no expert at collectible anything, so we will just have to wait and see. You have to remember that 500K seems like a lot of money today, but it would be a different story in the future.
06-11-10, 05:21 PM
#21
pavelekPL
I imagine that my slot went to another person here.
This is a major market and Lexus wants the car to be seen.
Plus, the GM at my dealership said he was getting one so you will be able to visit one in the sow room at some point.
I imagine that my slot went to another person here.
This is a major market and Lexus wants the car to be seen.
Plus, the GM at my dealership said he was getting one so you will be able to visit one in the sow room at some point.
06-12-10, 03:45 PM
#22
Lexus Test Driver
I'm not sure how the valuation of $500,000 differs today or in the future unless you are referring to inflation, which is an issue distinct from the car's depreciation. Certainly as I stated earlier I am not knowledgeable of the OP's current cash flow or employment situation, so he certainly may believe in the future that, relatively speaking, $500,000 is not a lot of money.
Last edited by gengar; 06-12-10 at 03:52 PM.
06-13-10, 05:37 AM
#24
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... and as I said, I'm going to bet the opposite direction. In any case, my point is simply that the slight possibility of appreciation should not be considered in the financial viability of a car purchase. IMO, it'd lack prudence for the OP to assume anything but rapid depreciation typical of supercars when considering the financial impact of his purchase.
I'm not sure how the valuation of $500,000 differs today or in the future unless you are referring to inflation, which is an issue distinct from the car's depreciation. Certainly as I stated earlier I am not knowledgeable of the OP's current cash flow or employment situation, so he certainly may believe in the future that, relatively speaking, $500,000 is not a lot of money.
I'm not sure how the valuation of $500,000 differs today or in the future unless you are referring to inflation, which is an issue distinct from the car's depreciation. Certainly as I stated earlier I am not knowledgeable of the OP's current cash flow or employment situation, so he certainly may believe in the future that, relatively speaking, $500,000 is not a lot of money.
As for the valuation of 500K, from a general POV, inflation would play a small part, but there is one other major factor; the world economy continues to produce rich, and super rich individuals for years to come recession or not.
Last edited by 07grIS350; 06-14-10 at 05:16 AM.
06-20-10, 07:13 PM
#27
Lexus Champion
Some are lucky enough to be able to turn down an offer for a LFA. 
The demand for them here is incredible, so far I have not heard anyone who has won the draw at their dealership cancel. (Of course that doesn't mean I have received accurate info)
The demand for them here is incredible, so far I have not heard anyone who has won the draw at their dealership cancel. (Of course that doesn't mean I have received accurate info)
06-20-10, 07:22 PM
#28
Businessweek's "how much car can you afford" -
http://images.businessweek.com/ss/09..._afford/10.htm
Annual Income: $1,000,000
Mortgage/Rent: Up to $280,000
Car: Lamborghini Murcielago, $354,000
Dining Out: $21,600
Entertainment: $20,400
Clothing: $15,000
Travel: $40,000
IRA: $100,000
Private University: $43,950
Health/Car/Life Insurance: $7,500
Federal Income Tax: Married: $320,362 / Single: $327,684
To afford a $350,000 vehicle, you should probably take in roughly $1,000,000 per year pre-tax.
http://images.businessweek.com/ss/09..._afford/10.htm
Annual Income: $1,000,000
Mortgage/Rent: Up to $280,000
Car: Lamborghini Murcielago, $354,000
Dining Out: $21,600
Entertainment: $20,400
Clothing: $15,000
Travel: $40,000
IRA: $100,000
Private University: $43,950
Health/Car/Life Insurance: $7,500
Federal Income Tax: Married: $320,362 / Single: $327,684
To afford a $350,000 vehicle, you should probably take in roughly $1,000,000 per year pre-tax.
06-21-10, 09:07 AM
#30
That's quite tempting for the OP. If I had that much in my bank and was offered an LFA, I'd be thinking of how to make it work as well, but like gengar said, it is going to cost a lot more than the initial cost. Hopefully Lexus can come up with a solution that allows you to get one!