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Depreciation and Resale Value?

 
Old 10-25-18, 08:21 PM
  #31  
Zeitaku
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Originally Posted by ECL View Post
According to Cargurus.com, there are now 13 preowned LC500ís offered for sale for less than $80,000, two priced under $75,000. Admittedly, the one under $74,000 has an accident history, but clearly, the pricing is headed downward.
Those are base models and aren't a true reflection of what the optioned packaged LC's are going for.
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Old 10-26-18, 07:06 AM
  #32  
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I know I took a bath on mine, sold it with 1250 miles on it with performance package in new condition.
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Old 10-26-18, 08:45 AM
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Originally Posted by Craig B View Post
I know I took a bath on mine, sold it with 1250 miles on it with performance package in new condition.
Mind if I ask why?
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Old 10-26-18, 09:14 AM
  #34  
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Originally Posted by Craig B View Post
I know I took a bath on mine, sold it with 1250 miles on it with performance package in new condition.
Wait until you are ready to sell ZR1...
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Old 10-26-18, 12:08 PM
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Originally Posted by Ahhadanny View Post
Wait until you are ready to sell ZR1...
Cancelled the ZR1, bought a 2018 Porsche 991.2 GT3 with a manual transmission.

Last edited by Craig B; 10-27-18 at 05:57 PM.
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Old 10-26-18, 12:10 PM
  #36  
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Originally Posted by reposado2 View Post
Mind if I ask why?
Because I lost $26K in 1250 miles.
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Old 10-26-18, 01:42 PM
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Originally Posted by Craig B View Post
Canceled the ZR1, bought a 2018 Porsche 991.2 GT3 with a manual transmission.
A choice you'll be happy about in the long run, IMO. Vette owners seem to tire of their vehicles rather quickly. Not sure why. They're very sexy, but many say - too harsh driving(?) and perhaps some lack of refinement. Anyway, unless you got a killer deal, I suspect you'll be looking at comparable deprecation with any of these choices. That's to be expected. The cost of owning big boy toys!
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Old 10-26-18, 02:10 PM
  #38  
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No killer deal on a Porsche 911 GT3 with a manual transmission. I also have a $12K exhaust system, $4K in extra carbon fiber, paint protection
film on the entire vehicle.
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Old 10-27-18, 07:04 AM
  #39  
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Originally Posted by Craig B View Post
No killer deal on a Porsche 911 GT3 with a manual transmission. I also have a $12K exhaust system, $4K in extra carbon fiber, paint protection
film on the entire vehicle.
Congrats! You got yourself a sick *** ride - especially with the IPE. Any pics please?
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Old 10-27-18, 10:11 AM
  #40  
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Originally Posted by Zeitaku View Post
Those are base models and aren't a true reflection of what the optioned packaged LC's are going for.
I have no idea where you got that idea. Reviewing the individual advertisements, most of these cars were heavily optioned.
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Old 10-27-18, 12:31 PM
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Originally Posted by guanche2k9 View Post
Congrats! You got yourself a sick *** ride - especially with the IPE. Any pics please?
Thanks!











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Old 10-27-18, 09:50 PM
  #42  
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Originally Posted by ECL View Post
I have no idea where you got that idea. Reviewing the individual advertisements, most of these cars were heavily optioned.
I just checked Cargurus. As suspected. 2018 LC base models without carbon roof, active aero, Levinson system, VGRS, active rear steering, carbon door sills etc. are being dumped at around $80K with under 5,000 miles however, the fully optioned versions like mine are still commanding $95K+ with well over 10K miles on them.

I'm willing to bet that the price will go up on these LC's once the aftermarket has developed performance upgrades that bring the power up to around 550-600hp range. Still cannot beat the build quality and reliability of Lexus. I have been contemplating selling mine to buy a 570S but every time I drive the LC for a few hours in the canyons here in AZ I'm reminded of why I chose the LC over the 570S to begin with. Power isn't everything in a car and straight line performance becomes quite boring after awhile.

Last edited by Zeitaku; 10-27-18 at 09:54 PM.
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Old 10-28-18, 04:03 AM
  #43  
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Originally Posted by Zeitaku View Post
I just checked Cargurus. As suspected. 2018 LC base models without carbon roof, active aero, Levinson system, VGRS, active rear steering, carbon door sills etc. are being dumped at around $80K with under 5,000 miles however, the fully optioned versions like mine are still commanding $95K+ with well over 10K miles on them.

I'm willing to bet that the price will go up on these LC's once the aftermarket has developed performance upgrades that bring the power up to around 550-600hp range. Still cannot beat the build quality and reliability of Lexus. I have been contemplating selling mine to buy a 570S but every time I drive the LC for a few hours in the canyons here in AZ I'm reminded of why I chose the LC over the 570S to begin with. Power isn't everything in a car and straight line performance becomes quite boring after awhile.
Highly doubtful the prices go up....if you're willing to bet, how much?! I'll bet yah!
The prices will fall like a sky diver once the LCF cones out. That like saying once there was a supercharger available for the is250/350 that their prices went up, lol. No sir, not the case. People would just buy the ISF/RCF if they wanted those power levels.
And definitely don't sell the car for a 570S. You'd go from having a brands top tier model to having a brands lowest end model (not that it's a low end car or anything). Go 650/675/720 if you're going McClaren, just my opinion.

V.
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Old 10-28-18, 08:18 AM
  #44  
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I would be willing to bet you can't get $95K out of your LC 500 with 10,000 miles. I just sold mine August 2nd, and the Mercedes dealer gave
me $76,500 for mine with the performance package and 1250 miles in like new condition. Don't believe me, go to your McClaren dealer and have
them give you a quote on your car. Go to any dealership and ask them to give you a buy offer on your vehicle, won't cost you anything, just your
time. The LC 500 was too heavy to begin with and didn't have the right gearing in my opinion. The infotainment system sucks, it's hard to use.
the brakes are under engineered. It was a great cruising car with no back seat room, don't even know why they have a back seat. Let us know
what you come up with, I would purchase the 720S over the 570S.
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Old 10-28-18, 08:37 AM
  #45  
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In my experience, aftermarket modifications bring resale prices down, not up. Lexus dealers don't want to deal with aftermarket modifications because they can't certify them for resale. You pretty-much need to sell outright, rather than trade-in - if you hope to recoup the cost of aftermarket mods. Dealerships won't pay for non-OEM mods, and often deduct for them because they need to remove them to get the car certified. So, your best option is to try selling outright through something like Autotrader. It can be done, but it's just way easier to trade it to a dealer. This is why, with the exception of cosmetic changes (like wheels), I won't modify a new vehicle, like the LC. It's gonna depreciate a lot anyway. When an LCF comes out, no one's gonna want an LC that's trying to be an LCF (IMHO). I personally wouldn't buy a vehicle that someone else has been "tweaking". However, that said, it's a reward vs return game. It's fun to do mods that make the vehicle more personally appealing. Mod choices can be exciting and personally rewarding. That typically comes at a cost when it comes time to sell it, but that may well be an acceptable sacrifice.

Last edited by uchujin; 10-28-18 at 08:45 AM.
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