Is this a good deal? Potential GS F buyer
12-27-18, 08:38 PM
#16
12-28-18, 05:50 AM
#17
the $67K may have been an EXTREME situation where some buyers were able to combine dual rebates (one $7K rebate lexus was offering & one rebate for attending the lexus F driving school) & that too was only for the 2016 models, so cant base a number one one crazy deal, but i do get your point
That’s how I got my ‘17 for $70k.
People need to stop suggesting that a new GSF could be had for under 70k new. Not gonna happen unless we get those rebates again.
12-28-18, 06:10 AM
#18
Driver School Candidate
Hey guys,
Really have been liking the look of the GS F and actually went in drove this car a couple days ago and enjoyed it. I was wondering if you guys thought it was a fair price?
https://www.autotrader.com/cars-for-...ckType=listing
Couple of n00b questions:
1. The main difference from the 16 models to newer is the suspension. Is this a game changer? I prob won't ever be on the track, just a commuter car.
2. Mileage seems low. Was it a track car?
3. I live in northern VA, will I have to swap for winter tires? This might be a decider for me, I don't want to have to do anything extra.
Thanks!
Really have been liking the look of the GS F and actually went in drove this car a couple days ago and enjoyed it. I was wondering if you guys thought it was a fair price?
https://www.autotrader.com/cars-for-...ckType=listing
Couple of n00b questions:
1. The main difference from the 16 models to newer is the suspension. Is this a game changer? I prob won't ever be on the track, just a commuter car.
2. Mileage seems low. Was it a track car?
3. I live in northern VA, will I have to swap for winter tires? This might be a decider for me, I don't want to have to do anything extra.
Thanks!
12-28-18, 06:27 AM
#19
Intermediate
the $67K may have been an EXTREME situation where some buyers were able to combine dual rebates (one $7K rebate lexus was offering & one rebate for attending the lexus F driving school) & that too was only for the 2016 models, so cant base a number one one crazy deal, but i do get your point
If you are spending 10s of thousands of dollars, get what you want. I wouldn't "save" a couple of thousand to forgo the suspension. I just got rid of my '18 GS F. I had it almost a year and it only had 2200 miles on it. Many people just don't drive these a lot. I offloaded my car for $65k one week ago. Lastly, if you live in a cold climate and don't want to deal with snow tire, you are looking at the wrong class of car. Even if t doesn't snow, below about 35 degrees, these tires are useless.
12-28-18, 12:23 PM
#20
Driver School Candidate
There are very few I noticed. Should've advertised on here I suppose...oh well. I figured $65k was too much for most since all I see on here is people paying $67k for a brand new one...
12-28-18, 04:16 PM
#21
I picked up my L/certified ‘16 in October for high $54K with similar miles. The one you’re looking at is the closest I’ve seen in price and mileage to mine since then.
12-28-18, 05:48 PM
#22
Lead Lap
off topic, but looks like 25 new GSFs nationwide in the country vs 7-8 AMG M5s. End of the year might as well try and feel the market
12-30-18, 08:59 AM
#23
Driver School Candidate
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This was added to another thread, but might be relevant here as well.
Ive been watching GSF prices closely for well over a year. The depreciation is beginning to accelerate again. My recommendation would be to let the economy tank and pick one up. Right now we're beyond full employment, but the stock market is dropping into bear market territory. Unless the fed stops raising rates or drops them, the stock market will foretell the broader economy. In this situation, the leading indicator is suggesting we're in for some hurt. Additionally, every rate hike is a decrease in asset prices cost to cost. Especially if we see the US piggy bank (housing) take a hit, people will be forced to spend at their actual income levels again (that's not good).
I would guess we have a year of "flat" movement in the economy until we have something systemically critical break. Once this happens, we'll be in a deep deep deep recession. My price point is roughly $40k low miles one owner. Yes, I can "afford" more, but I'm not in the habit of picking up "assets" at their peak depreciation. According to my charts, we're at around $1,500/mo depreciation if you look at a trend line over the past 3 months ($55k retail 9/7/2018 vs $50k retail 12/16/2018 using KBB). I personally will never purchase a car that depreciates more than a payment spread over a maximum amount of time. I say max time only because the fed WILL drop rates to at or below zero during the next recession. I want low asset prices at high rates (flexibility to refinance).
Now of course I adjust my target price in relation to market movements. I'm not in any rush to pick up something that depreciates and AM in a rush to pick up foreign (mostly Chinese) assets and commodities before the next bust. Theoretically I've been taking 3x the payment of a GSF and putting it into areas of the market I think will explode in short order with the goal of paying cash for the GSF without dipping into savings. Of course this is my fun money, not actual retirement savings.
That being said, if you make $250k+ with no liabilities in a secure field, do what makes you happy.
Ive been watching GSF prices closely for well over a year. The depreciation is beginning to accelerate again. My recommendation would be to let the economy tank and pick one up. Right now we're beyond full employment, but the stock market is dropping into bear market territory. Unless the fed stops raising rates or drops them, the stock market will foretell the broader economy. In this situation, the leading indicator is suggesting we're in for some hurt. Additionally, every rate hike is a decrease in asset prices cost to cost. Especially if we see the US piggy bank (housing) take a hit, people will be forced to spend at their actual income levels again (that's not good).
I would guess we have a year of "flat" movement in the economy until we have something systemically critical break. Once this happens, we'll be in a deep deep deep recession. My price point is roughly $40k low miles one owner. Yes, I can "afford" more, but I'm not in the habit of picking up "assets" at their peak depreciation. According to my charts, we're at around $1,500/mo depreciation if you look at a trend line over the past 3 months ($55k retail 9/7/2018 vs $50k retail 12/16/2018 using KBB). I personally will never purchase a car that depreciates more than a payment spread over a maximum amount of time. I say max time only because the fed WILL drop rates to at or below zero during the next recession. I want low asset prices at high rates (flexibility to refinance).
Now of course I adjust my target price in relation to market movements. I'm not in any rush to pick up something that depreciates and AM in a rush to pick up foreign (mostly Chinese) assets and commodities before the next bust. Theoretically I've been taking 3x the payment of a GSF and putting it into areas of the market I think will explode in short order with the goal of paying cash for the GSF without dipping into savings. Of course this is my fun money, not actual retirement savings.
That being said, if you make $250k+ with no liabilities in a secure field, do what makes you happy.
12-31-18, 08:17 AM
#24
Driver School Candidate
Hello all,
First time posting here as a new owner but I’ll introduce myself a bit later in a new thread. I’ve been eyeing the market for one of these for a few months now and decided to pull the trigger on a 2017.
For those on the fence and looking for new, they are letting of those go at around $67k without any special offerings or rebates. There’s a new 2017 at Len Stoler Lexus in MD that I considered and on a simple ask for their asking price they said $67k. That car is still there for anybody looking.
the anniversary editions may not be going for that price but in 2years i expect it will.
For now I went with a 2017 with 5k miles at $60k only because I didn’t want to eat that initial depreciation of a new one the moment I drive off the lot. There’s nothing this one is missing that the new one has in mine opinion.
Others may say that I overpaid and that they’re depreciating too fast or what not, but what car doesn’t? I wanted a daily driver that short of any unforeseen circumstances, God willing, I wouldn’t be selling or trading anytime soon. I wanted one of these for their reliability and fun factor as a long term car so depreciation doesn’t really matter to me. They don’t make them like this anymore. Very impressed with the vehicle so far. I’ll create a post later with pix and a review of my opinion so far.
First time posting here as a new owner but I’ll introduce myself a bit later in a new thread. I’ve been eyeing the market for one of these for a few months now and decided to pull the trigger on a 2017.
For those on the fence and looking for new, they are letting of those go at around $67k without any special offerings or rebates. There’s a new 2017 at Len Stoler Lexus in MD that I considered and on a simple ask for their asking price they said $67k. That car is still there for anybody looking.
the anniversary editions may not be going for that price but in 2years i expect it will.
For now I went with a 2017 with 5k miles at $60k only because I didn’t want to eat that initial depreciation of a new one the moment I drive off the lot. There’s nothing this one is missing that the new one has in mine opinion.
Others may say that I overpaid and that they’re depreciating too fast or what not, but what car doesn’t? I wanted a daily driver that short of any unforeseen circumstances, God willing, I wouldn’t be selling or trading anytime soon. I wanted one of these for their reliability and fun factor as a long term car so depreciation doesn’t really matter to me. They don’t make them like this anymore. Very impressed with the vehicle so far. I’ll create a post later with pix and a review of my opinion so far.