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Someone Has Already Crashed A Lexus LC 500 (incl. Gallery)

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Old 09-02-17, 02:49 PM
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Hoppean
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Default 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.
http://www.carscoops.com/2017/09/som...us-lc-500.html
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.
Old 09-02-17, 05:09 PM
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DocT
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Don't fall for it, unless you are a mechanic, the cost to fix can be as much as the new one if you don't know anything about mechanics and have some one fix it for you.
Old 09-02-17, 05:37 PM
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Vladi
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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
Old 09-03-17, 09:33 AM
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ECL
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Originally Posted by DocT
Don't fall for it, unless you are a mechanic, the cost to fix can be as much as the new one if you don't know anything about mechanics and have some one fix it for you.
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.
Old 09-03-17, 12:35 PM
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Craig B
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Originally Posted by ECL
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.
Once fixed, it's worth half with a salvage title, no bank is going to loan money on a salvage title vehicle...

Last edited by Craig B; 09-03-17 at 04:08 PM.
Old 09-03-17, 02:18 PM
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DocT
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It might be good after it is restored for daily driving and no intentions to sell it . Of course, it has to be at good price.
Old 09-05-17, 01:40 PM
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good luck getting a loan and insurance on a salvaged car
Old 09-05-17, 06:57 PM
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Gee! Maybe i could use it for parts to build my SC! LOL. They can't even get hellcats a quarter mile down the road before they crash them.
Old 09-06-17, 05:32 PM
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I've never seen insurance being an issue on rebuilt title cars, would be an awesome daily for half the price for the right person
Old 09-06-17, 06:32 PM
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DocT
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Originally Posted by 02SDGS
I've never seen insurance being an issue on rebuilt title cars, would be an awesome daily for half the price for the right person
I bought salvage title car once, but it was not a rebuilt title and it was a lower end car. The insurance insured it.
Old 09-29-17, 09:48 AM
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Originally Posted by Craig B
Once fixed, it's worth half with a salvage title, no bank is going to loan money on a salvage title vehicle...
False. I financed a 2014 Ram 3500 Longhorn for my business that was rolled. I yanked the bed and put a flatbed on it, and got cab, fenders, hood, grille and headlights from a junkyard and had it all wrapped. All total, the truck cost me $20k. It was fully loaded with 8,000 miles and had an insurance estimate of $52,000 to repair. I bought the truck for 15k, and put 5k in it, most of which was the wrap. the only mechanical damage was to the front suspension, and I had that fixed as well. USAA non only financed it, they also financed all the repairs. Truck has 280,000 miles on it now, and is probably only worth 10k, but likely won't ever be worth less because of the Cummins and the flatbed/gooseneck setup i have on it.

Originally Posted by 4TehNguyen
good luck getting a loan and insurance on a salvaged car
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".

Originally Posted by 02SDGS
I've never seen insurance being an issue on rebuilt title cars, would be an awesome daily for half the price for the right person
I carry commercial insurance on the truck mentioned above, and it costs no more than any other commercial policy.

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.
Old 09-29-17, 10:21 AM
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The powertrain ought to find its way under a Deuce Coupe or T-Bucket...
Old 09-29-17, 01:27 PM
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Originally Posted by mcomer
The powertrain ought to find its way under a Deuce Coupe or T-Bucket...
Yeah, would serve as a decent base for a project car, if it's done by somebody that knows what they're doing. An attempt to completely restore the vehicle would be a waste of effort.
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