Purchase Questions / Leasing Possibility / Reliability Inquiry
07-21-18, 07:57 AM
#1
Driver School Candidate
Thread Starter
Purchase Questions / Leasing Possibility / Reliability Inquiry
Looking to purchase a new LC within the next year, had a couple of questions:
1) what is pricing like? Do most people get the dealers to budge off MSRP? We are coming from an X5 and despite high inventory, our local dealer also had high demand and would not move off of MSRP
2) would people recommend leasing or buying? I've previously only leased cars but with the new tax law coming into effect, I am now leaning towards buying. If buying, I'm looking to hold and use the car 3-5 years. The only hesitation I have is regarding reliability
3) I know it’s a Lexus but I’m coming off a bad experience (hellcat) what has everyone's experience been with the LC and reliability? If reliable, I feel more assured buying and using beyond the 3 year warranty period. If not, I'd feel more comfortable leasing and returning the vehicle at the conclusion of the 3 year warranty period (I've also leased a hellcat and a range Rover in the past and both have been reliability nightmares and I'm oh so glad it was a lease and not a purchased vehicle)
Thanks in advance, looking forward to being a part of the community!
1) what is pricing like? Do most people get the dealers to budge off MSRP? We are coming from an X5 and despite high inventory, our local dealer also had high demand and would not move off of MSRP
2) would people recommend leasing or buying? I've previously only leased cars but with the new tax law coming into effect, I am now leaning towards buying. If buying, I'm looking to hold and use the car 3-5 years. The only hesitation I have is regarding reliability
3) I know it’s a Lexus but I’m coming off a bad experience (hellcat) what has everyone's experience been with the LC and reliability? If reliable, I feel more assured buying and using beyond the 3 year warranty period. If not, I'd feel more comfortable leasing and returning the vehicle at the conclusion of the 3 year warranty period (I've also leased a hellcat and a range Rover in the past and both have been reliability nightmares and I'm oh so glad it was a lease and not a purchased vehicle)
Thanks in advance, looking forward to being a part of the community!
07-21-18, 08:54 AM
#2
Lexus Test Driver
Lexus has continued to be the most reliable nameplate year after year. You could purchase or lease and not worry about previous problems you have had with other makes. The LC is a special model that is handmade by Takumis in a small factory setting much like the LFA supercar. There is in fact a lot of LFA lineage in the LC.
My favorite attribute of the LC500 is the suspension. If there were an Olympics for suspension design the LC would win the gold medal. It is incredibly easy to drive and has excellent sight lines which many coupes and exotics do not. My second favorite is the engine sound which is glorious from startup to downshifts. There are not that many in circulation so you will be noticed for just the sheer beauty of the sweeping lines. The interior is unlike any others and pleasing to the senses.
This is a special car that will have you grinning from ear to ear with it’s prowess. All I can do is offer encouragement.
Rock
My favorite attribute of the LC500 is the suspension. If there were an Olympics for suspension design the LC would win the gold medal. It is incredibly easy to drive and has excellent sight lines which many coupes and exotics do not. My second favorite is the engine sound which is glorious from startup to downshifts. There are not that many in circulation so you will be noticed for just the sheer beauty of the sweeping lines. The interior is unlike any others and pleasing to the senses.
This is a special car that will have you grinning from ear to ear with it’s prowess. All I can do is offer encouragement.
Rock
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Darrvao777 (07-21-18)
07-21-18, 09:40 AM
#3
07-21-18, 09:45 AM
#4
Driver School Candidate
Thread Starter
Glad to hear everyone saying great things about the LC, looking forward to it
07-21-18, 10:11 AM
#5
https://jalopnik.com/you-can-get-up-...upe-1827622551
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Darrvao777 (07-21-18)
07-21-18, 12:28 PM
#7
Driver School Candidate
As for the LC, it is a lexus, you will have pretty great reliability compared to the X5 and Hellcat.
You can get far below invoice on an LC, they've been sitting on lots forever.
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Darrvao777 (07-21-18)
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07-21-18, 12:31 PM
#8
Driver School Candidate
Thread Starter
If there are other dealers around, I'm sure you can get a good deal on one. Also look at the X6, it has a lot more incentives.
As for the LC, it is a lexus, you will have pretty great reliability compared to the X5 and Hellcat.
You can get far below invoice on an LC, they've been sitting on lots forever.
As for the LC, it is a lexus, you will have pretty great reliability compared to the X5 and Hellcat.
You can get far below invoice on an LC, they've been sitting on lots forever.
We actually had a decent experience with the X5 in terms of reliability and got great lease terms. Just didn't see ourselves living long term with it even though nothing was wrong with it.
We have 2 dealers in the area with 3 models of the LC and we aren't picky on color so hopefully we can negotiate quite a bit. Do you think it makes more sense to lease or purchase the LC?
07-21-18, 12:36 PM
#9
Driver School Candidate
Thanks
We actually had a decent experience with the X5 in terms of reliability and got great lease terms. Just didn't see ourselves living long term with it even though nothing was wrong with it.
We have 2 dealers in the area with 3 models of the LC and we aren't picky on color so hopefully we can negotiate quite a bit. Do you think it makes more sense to lease or purchase the LC?
We actually had a decent experience with the X5 in terms of reliability and got great lease terms. Just didn't see ourselves living long term with it even though nothing was wrong with it.
We have 2 dealers in the area with 3 models of the LC and we aren't picky on color so hopefully we can negotiate quite a bit. Do you think it makes more sense to lease or purchase the LC?
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Darrvao777 (07-21-18)
07-21-18, 12:56 PM
#10
I don't have current access to exact invoice pricing, but some subscription services like Consumer Reports, Costco, etc., offer online invoice pricing. My LC was fully-loaded with the Performance Pkg and was discounted $6834, which they told me at the time was dealer cost. There were no additional factory cash incentives at that time. Now is definitely a good time to buy one, if you can find the color and options you want.
About the only negative experience that people seem to complain about most often is occasional brake noise. Mine just started doing this a couple of weeks ago, only at creeping-speed in stop-and-go traffic. It doesn't concern me much. I suspect it will come and go over time with giant brakes like these. I can always try aftermarket Brembos with slotted rotors and maybe ceramic pads down the road if it persists and/or gets worse. I don't have much confidence that a successful TSB fix will ever happen, but who knows...
About the only negative experience that people seem to complain about most often is occasional brake noise. Mine just started doing this a couple of weeks ago, only at creeping-speed in stop-and-go traffic. It doesn't concern me much. I suspect it will come and go over time with giant brakes like these. I can always try aftermarket Brembos with slotted rotors and maybe ceramic pads down the road if it persists and/or gets worse. I don't have much confidence that a successful TSB fix will ever happen, but who knows...
07-21-18, 01:31 PM
#11
Lexus Test Driver
I don’t think it would be worth it to change to Brembos because it has a similar design with 6 Piston monoblock calipers up front and 4 piston out back? All vented. High friction brakes can be noisy at times in the wear process.
07-21-18, 03:44 PM
#12
https://www.racetechnologies.com/pro...17/lexus/lc500
07-22-18, 05:50 PM
#13
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Darrvao777 (07-22-18)
07-23-18, 11:18 AM
#15
Lease Feedback
Hello, I'm talking to a dealer about leasing an LC 500 and would appreciate thoughts on the current offer:
MSRP $109,758
selling price $100,758 (Lexus is offering a $4000 rebate on leases right now, so the dealer discount is $5,758 or 5.25% off MSRP)
money factor 0.00071
residuals 10k 49%, 12k 48%, 15k $46%
$5k down
36 month lease @ 10k per year, monthly lease $1500/month, including taxes
36 month lease @ 12k per year, monthly lease $1530/month, including taxes
Dealer is also offering by way of comparison a 60 month financing at the sales price of $104,758 for $2,000, which seems terrible since the discount in the sale price is the only the current $5,000 Lexus rebate. This is with average credit model, they haven't run my specific credit which fall in the very good/excellent range.
$1500 lease with taxes (9% in PA) and $5000 down payment doesn't seem very good but is this where the market is right now and as good as it's going to get with interest rates rising? Any thoughts would be appreciated.
MSRP $109,758
selling price $100,758 (Lexus is offering a $4000 rebate on leases right now, so the dealer discount is $5,758 or 5.25% off MSRP)
money factor 0.00071
residuals 10k 49%, 12k 48%, 15k $46%
$5k down
36 month lease @ 10k per year, monthly lease $1500/month, including taxes
36 month lease @ 12k per year, monthly lease $1530/month, including taxes
Dealer is also offering by way of comparison a 60 month financing at the sales price of $104,758 for $2,000, which seems terrible since the discount in the sale price is the only the current $5,000 Lexus rebate. This is with average credit model, they haven't run my specific credit which fall in the very good/excellent range.
$1500 lease with taxes (9% in PA) and $5000 down payment doesn't seem very good but is this where the market is right now and as good as it's going to get with interest rates rising? Any thoughts would be appreciated.
Last edited by pL86; 07-23-18 at 11:24 AM.