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Just sold my LC500

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Old Mar 21, 2020 | 05:11 AM
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Default Just sold my LC500

Only drove it for 800 miles. Absolutely loved the car but with the country going into full lockdown next week, saw no point in having the car to just go drive it to the grocery store at whatever appointed time they mandate. Crazy times guys. Stay safe. Really bummed to have to sell it
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Old Mar 21, 2020 | 06:26 AM
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Maybe it's just me but it sounds a little extreme for a temporary situation such as this one. Anyway, stay healthy.
Old Mar 21, 2020 | 06:32 AM
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Originally Posted by SuperGT
Maybe it's just me but it sounds a little extreme for a temporary situation such as this one. Anyway, stay healthy.
At least 12 more months of this.
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Old Mar 21, 2020 | 08:08 AM
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Originally Posted by cigadrop
Only drove it for 800 miles. Absolutely loved the car but with the country going into full lockdown next week, saw no point in having the car to just go drive it to the grocery store at whatever appointed time they mandate. Crazy times guys. Stay safe. Really bummed to have to sell it
Really And that's the reason you sold it You don't think we will come out of this better than ever

Lou
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Old Mar 21, 2020 | 08:20 AM
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Originally Posted by flowrider
Really And that's the reason you sold it You don't think we will come out of this better than ever

Lou
Philadelphia's police commissioner, in response to the coronavirus pandemic, has announced Philly police will not arrest criminals for any theft (including car jackings), vandalism and drug dealing during this emergency. The police commissioner's name is Danielle Outlaw. You can't make this stuff up. Happening in SF too and other counties.
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Old Mar 21, 2020 | 10:07 AM
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^^^^Really




Lou
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Old Mar 21, 2020 | 03:47 PM
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Unless one needs the money because they're out of work, etc., I'm feeling completely opposite right now... Enjoying the empty roads much more, and I have more time with Elsy as I'm "working from home" full time. Gets me out of the house!
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Old Mar 22, 2020 | 04:01 AM
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Originally Posted by uchujin
Unless one needs the money because they're out of work, etc., I'm feeling completely opposite right now... Enjoying the empty roads much more, and I have more time with Elsy as I'm "working from home" full time. Gets me out of the house!
Same here, can't wait to license my sports cars out of winter storage and enjoying one of my greatest passions; driving without a destination.
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Old Mar 23, 2020 | 02:04 PM
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Originally Posted by LexRuger
Not only that but the huge depreciation.
I think the depreciation is definitely a concern when people purchase a car to have it for a couple of years and then trade it in.
When someone buys a car with the intention to keep it for more than 5 years then depr. is less of a concern.
This remind me a joke my boss told me about Corvette owners.
He said that many Corvette owners trade in the car when they face the first tire set replacement.
I think the joke applies to many high end cars. They are not cheap and they are not an investment...
They depreciate and are expensive to maintain. But what do people get in exchange ?
People get to own the car and enjoy having the experience...

That is my 25 cents...

Puertex

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Old Mar 23, 2020 | 02:13 PM
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Originally Posted by Puertex
I think the depreciation is definitely a concern when people purchase a car to have it for a couple of years and then trade it in.
When someone buys a car with the intention to keep it for more than 5 years then depr. is less of a concern.
This remind me a joke my boss told me about Corvette owners.
He said that many Corvette owners trade in the car when they face the first tire set replacement.
I think the joke applies to many high end cars. They are not cheap and they are not an investment...
They depreciate and are expensive to maintain. But what do people get in exchange ?
People get to own the car and enjoy having the experience...

That is my 25 cents...

Puertex
Good point. I know all about depreciation too well. I have a hard time keeping a car more than 2 years myself lol. But I think I'm beginning to slow it down a bit.
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Old Mar 23, 2020 | 02:15 PM
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I tend to agree. I think most people (and I emphasize "most") who buy higher-end cars (especially sports cars) have more disposable finances and aren't very concerned about depreciation. For some of us, this could be our last fun toy. My next vehicle could easily be a Hoveround.



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Old Mar 23, 2020 | 03:34 PM
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Originally Posted by uchujin
I tend to agree. I think most people (and I emphasize "most") who buy higher-end cars (especially sports cars) have more disposable finances and aren't very concerned about depreciation. For some of us, this could be our last fun toy. My next vehicle could easily be a Hoveround.


I am here grinning about your last fun toy comment.
My issue is that I've had a few "last" fun toys
My wife called me on that with the LC !
My strategy to convince her that it was OK was that I wanted a car that would not mess up her back. I was doing it for her !
She sat on the LC at the Lexus dealer and told me that the seat was good for her back.
That was it...
Its good she doesn't get on this forum !

Puertex


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Old Mar 24, 2020 | 09:24 AM
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Just out of curiosity, did you buy and sell it to the same dealer? Were they fair with pricing?

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Old Mar 25, 2020 | 04:50 AM
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Looks like a lot of people are getting spring fever and getting rid of their cars
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Old Mar 25, 2020 | 08:40 AM
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Originally Posted by LCnirvana
Looks like a lot of people are getting spring fever and getting rid of their cars
Buyers market
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