Someone Has Already Crashed A Lexus LC 500 (incl. Gallery)
#1
Driver
Thread Starter
Someone Has Already Crashed A Lexus LC 500 (incl. Gallery)
Well, that didn’t take long. A few short months after U.S. deliveries of the 2018 Lexus LC 500 commenced, at least one has been crashed and listed for sale on Copart.
The two-door sports coupe is being sold by State Farm Insurance and had its life cut short with just 777 miles under its belt. It is being sold with a salvage title but will be repairable. However, bringing it back to its former glory won’t be easy or cheap.
Images show that the grey LC 500 has taken a fairly hefty hit to the front end with serious damage done to the bumper, spindle grille, hood and front quarter panels. The windshield has also been badly smashed and the radiator pushed out of place. The steering wheel and curtain airbags have also been deployed and the seller says some damage has been done to the undercarriage.
Currently, the highest bid sits at $31,250 but that is still below the reserve. Prices for a new LC 500 start at $92,000 and there’s no doubt that with some TLC, the car could be returned to near-new condition. How much that would cost, though, is anyone's guess.
The two-door sports coupe is being sold by State Farm Insurance and had its life cut short with just 777 miles under its belt. It is being sold with a salvage title but will be repairable. However, bringing it back to its former glory won’t be easy or cheap.
Images show that the grey LC 500 has taken a fairly hefty hit to the front end with serious damage done to the bumper, spindle grille, hood and front quarter panels. The windshield has also been badly smashed and the radiator pushed out of place. The steering wheel and curtain airbags have also been deployed and the seller says some damage has been done to the undercarriage.
Currently, the highest bid sits at $31,250 but that is still below the reserve. Prices for a new LC 500 start at $92,000 and there’s no doubt that with some TLC, the car could be returned to near-new condition. How much that would cost, though, is anyone's guess.
If you're reading this, feel free to drop in and share your story. To those who'd like to cop for cheap, this is your chance.
#3
Pole Position
You can restore any kind of damage into working condition but it's never ever going to be as intended proper working condition. Frame on this car is most likely dislocated due to impact, good luck getting a proper alignment on it
#4
I agree. Even repaired, with that history, the car is worth something around $60K at most, probably less. Just for comparison, there is a 2014 Porsche 911S for sale at CarMax after being repaired following an accident much less severe than this one (no air bag deployment, no drive train damage, etc.) CarMax has been trying to sell the car for two and a half years (!!!) with $20K in price reductions, and it is still sitting on their lot. For this type of car, damage history, even with professional restoration, is a sales killer.
Last edited by ECL; 09-29-17 at 12:11 PM.
#5
I agree. Even repaired, with that history, the car is worth something around $60K at most, probably less. Just for comparison, there is a 2014 Porsche 911S for sale at CarMax after being repaired following an accident much less severe than this one (no air bag release, no drive train damage, etc.) CarMax has been trying to sell the car for two and a half years (!!!) with $20K in price reductions, and it is still sitting on their lot. For this type of car, damage history, even with professional restoration, is a sales killer.
Last edited by Craig B; 09-03-17 at 04:08 PM.
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#10
#11
Dysfunctional Veteran
As long as its branded "rebuilt" and not salvage, its not a problem. The folks that have problems are the ones that buy them, fix them, and never get the title switched from "Salvage" to "Rebuilt".
Now, it is true that rebuilt cars are worth less, in some cases by half or more. But in the case of certain types of cars (exotics, etc), it doesn't matter as much. Case in point, I saw a 458 Italia the other day with a rebuilt title for 165k. It had 21,000 miles, and looked great! If I had the desire to maintain a Ferrari at this juncture in life, I might have bought it.
#12
The powertrain ought to find its way under a Deuce Coupe or T-Bucket...
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