Depreciation and Resale Value?
Pole Position
Joined: Dec 2018
Posts: 217
Likes: 150
From: Hamilton
Last edited by SuperGT; Mar 31, 2019 at 12:19 PM.
Rookie
Joined: Apr 2018
Posts: 35
Likes: 12
From: CA
and now for something hilarious. want one in yellow? Newport lexus will sell you one for 138k. that includes 10k for black wheels and 20k worth of "market adjustment". if one of you pays that for this, you will be mocked.
https://www.newportlexus.com/Vehicle...-CA/3388735783
https://www.newportlexus.com/Vehicle...-CA/3388735783
and now for something hilarious. want one in yellow? Newport lexus will sell you one for 138k. that includes 10k for black wheels and 20k worth of "market adjustment". if one of you pays that for this, you will be mocked.
https://www.newportlexus.com/Vehicle...-CA/3388735783
https://www.newportlexus.com/Vehicle...-CA/3388735783
AND - they screw up the 21" stock wheel and charge $10K for the privilege
Lou
Last edited by flowrider; Apr 12, 2019 at 07:46 PM.
Pole Position
Joined: Jan 2018
Posts: 256
Likes: 110
From: Arizona
REPORT for April 2019 Lowest Price Used LC500 (Base Model/Sport)
Autotrader = $71,995 (base model) with 22,000 miles
True Car = $70.977 (base model) with 12,415 miles
Car Gurus = $74,000 (sport package) with 1,680 miles
Cars For Sale = $69,995 (base model) with 18,024 miles
Autotrader = $71,995 (base model) with 22,000 miles
True Car = $70.977 (base model) with 12,415 miles
Car Gurus = $74,000 (sport package) with 1,680 miles
Cars For Sale = $69,995 (base model) with 18,024 miles
Driver
Joined: Apr 2019
Posts: 83
Likes: 14
From: ca
Thanks for the information.
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Lead Lap
Joined: Jun 2017
Posts: 508
Likes: 100
From: CA
Care to post the numbers? Companies, more or so, make more money off leasing because of repeat customers, not so much off of interest. A person that buys keeps a car longer and will step into a dealership less than a person who will lease. I lease through Lexus and my money factor when converted to interest is something like 4%.... So where'd you get 10-15%?
With a MF of .0005, which converts to 1.2% interest, the actual effective APR is roughly 4.2%. (Because on a lease you actually have to pay interest on residual to, or in other words,
- Capitalized Cost + Residual Value × Money Factor
Rookie
Joined: Apr 2018
Posts: 35
Likes: 12
From: CA
a new level of dealer stupidity
just when you thought dealers couldn't get any dumber, there's this; a Maryland dealer advertising a 2019 LC 500 for, wait for it....$146k. LOL. here's the link
https://www.cars.com/vehicledetail/d...8463/overview/
i didn't see what the "$45,718 of dealer added accessories" were, so i went to the dealer's website and didn't see it there either, but they also reference the surcharge;
https://www.ourismanlexusofrockville...8373ff35c8.htm
so if they're advertising a ridiculously high price to generate web hits, so be it. that's a dubious strategy. if they're serious about this, they should have their heads examined. that number is about twice what the car is worth. gently used 2018 models are easy to find at under 75k and the 2019's will be worse, not better, given even lower sales this year. unless the accessories are bikini clad supermodels, this ain't gonna fly.
https://www.cars.com/vehicledetail/d...8463/overview/
i didn't see what the "$45,718 of dealer added accessories" were, so i went to the dealer's website and didn't see it there either, but they also reference the surcharge;
https://www.ourismanlexusofrockville...8373ff35c8.htm
so if they're advertising a ridiculously high price to generate web hits, so be it. that's a dubious strategy. if they're serious about this, they should have their heads examined. that number is about twice what the car is worth. gently used 2018 models are easy to find at under 75k and the 2019's will be worse, not better, given even lower sales this year. unless the accessories are bikini clad supermodels, this ain't gonna fly.
just when you thought dealers couldn't get any dumber, there's this; a Maryland dealer advertising a 2019 LC 500 for, wait for it....$146k. LOL. here's the link
https://www.cars.com/vehicledetail/d...8463/overview/
i didn't see what the "$45,718 of dealer added accessories" were, so i went to the dealer's website and didn't see it there either, but they also reference the surcharge;
https://www.ourismanlexusofrockville...8373ff35c8.htm
so if they're advertising a ridiculously high price to generate web hits, so be it. that's a dubious strategy. if they're serious about this, they should have their heads examined. that number is about twice what the car is worth. gently used 2018 models are easy to find at under 75k and the 2019's will be worse, not better, given even lower sales this year. unless the accessories are bikini clad supermodels, this ain't gonna fly.
https://www.cars.com/vehicledetail/d...8463/overview/
i didn't see what the "$45,718 of dealer added accessories" were, so i went to the dealer's website and didn't see it there either, but they also reference the surcharge;
https://www.ourismanlexusofrockville...8373ff35c8.htm
so if they're advertising a ridiculously high price to generate web hits, so be it. that's a dubious strategy. if they're serious about this, they should have their heads examined. that number is about twice what the car is worth. gently used 2018 models are easy to find at under 75k and the 2019's will be worse, not better, given even lower sales this year. unless the accessories are bikini clad supermodels, this ain't gonna fly.
Just because you only look at used LC's, does not mean others are in the same financial situation.
Pole Position
Joined: Jan 2013
Posts: 2,074
Likes: 204
From: California
just when you thought dealers couldn't get any dumber, there's this; a Maryland dealer advertising a 2019 LC 500 for, wait for it....$146k. LOL. here's the link
https://www.cars.com/vehicledetail/d...8463/overview/
i didn't see what the "$45,718 of dealer added accessories" were, so i went to the dealer's website and didn't see it there either, but they also reference the surcharge;
https://www.ourismanlexusofrockville...8373ff35c8.htm
so if they're advertising a ridiculously high price to generate web hits, so be it. that's a dubious strategy. if they're serious about this, they should have their heads examined. that number is about twice what the car is worth. gently used 2018 models are easy to find at under 75k and the 2019's will be worse, not better, given even lower sales this year. unless the accessories are bikini clad supermodels, this ain't gonna fly.
https://www.cars.com/vehicledetail/d...8463/overview/
i didn't see what the "$45,718 of dealer added accessories" were, so i went to the dealer's website and didn't see it there either, but they also reference the surcharge;
https://www.ourismanlexusofrockville...8373ff35c8.htm
so if they're advertising a ridiculously high price to generate web hits, so be it. that's a dubious strategy. if they're serious about this, they should have their heads examined. that number is about twice what the car is worth. gently used 2018 models are easy to find at under 75k and the 2019's will be worse, not better, given even lower sales this year. unless the accessories are bikini clad supermodels, this ain't gonna fly.
Rookie
Joined: Apr 2018
Posts: 35
Likes: 12
From: CA
Actually you're wrong, its a brand new 2019 so its not worth only 73k. The dealer add-ons are clearly the full Artisan widebody package, aftermarket rims and other trim upgrade features. Add the dealer work premium on it and 40k is about right.
Just because you only look at used LC's, does not mean others are in the same financial situation.
Just because you only look at used LC's, does not mean others are in the same financial situation.
if ANYONE pays 140something for an LC 500 they should have their head examined.
Driver
Joined: Apr 2019
Posts: 83
Likes: 14
From: ca
"twice" was only a slight exaggeration. actually i doubt there are many people here as familiar with current pricing on new or used LC 500's right now. don't get me wrong, that isn't a brag by any means, i've just put a lot of time into shopping nationally over the last several months and have been in contact with at least 20 separate dealers. the market right now is at about 85-88k for a new 2019 and 70-75k for a lightly used 2018. when the 2020's start rolling out, the 2019 prices will decrease for sure. that hasn't happened yet.
if ANYONE pays 140something for an LC 500 they should have their head examined.
if ANYONE pays 140something for an LC 500 they should have their head examined.
I search on some website saying that 104k MSRP lc500 has an invoice price of 94k something, how can they going down that much below invoice price to 88k? Dont get me wrong, I do hope your numbers are correct, just curious whether dealer is losing money on selling new lc500 and why would they do that, since that number look insane even given the lc500 sales data is only 1/4 of its expectation
Intermediate
Joined: Aug 2018
Posts: 395
Likes: 85
From: az
I am actively looking for 2019 lc500 which has a bespoke white interior. Your numbers are a very valuable pricing data. Thanks!
I search on some website saying that 104k MSRP lc500 has an invoice price of 94k something, how can they going down that much below invoice price to 88k? Dont get me wrong, I do hope your numbers are correct, just curious whether dealer is losing money on selling new lc500 and why would they do that, since that number look insane even given the lc500 sales data is only 1/4 of its expectation
I search on some website saying that 104k MSRP lc500 has an invoice price of 94k something, how can they going down that much below invoice price to 88k? Dont get me wrong, I do hope your numbers are correct, just curious whether dealer is losing money on selling new lc500 and why would they do that, since that number look insane even given the lc500 sales data is only 1/4 of its expectation
