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Steel Blue LFA at Larry Miller Lexus

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Old Oct 19, 2012 | 06:44 PM
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Default Steel Blue LFA at Larry Miller Lexus

Just listed on AutoTrader, a Steel Blue LFA with VIN that ends in 428.

Listed by Larry Miller Lexus, but they have locations in Murray UT and Spokane WA.

Probably badge #430, I am contacting the dealership to veridy badge and location.

Hoping to get photos, too.

Steel Blue LFA at Larry Miller Lexus-p1ejm.jpg
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Old Nov 5, 2012 | 12:02 AM
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Not here in Spokane I was there Wednesday to service my car, this dealership is not outfitted to service LFA's.
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Old Jun 22, 2013 | 08:53 PM
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This car has popped back up on cars.com.

Verified #430 and located in Murray UT. Listed at $369,000.

http://www.cars.com/go/search/detail...ngId=105570661

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Old Jun 23, 2013 | 04:40 AM
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The car in the pic ain't steel blue.

I believe this is a gray two tone car with an awesome red and black alcantara interior
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Old Jun 23, 2013 | 10:14 AM
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Yeah, I figured the dealer listed the wrong color in the original AutoTrader ad. It looks to be Steel Gray, not Steel Blue.

In the newest cars.com ad, the badge number is confirmed as #430 and has the above photo accompanying the listing... so we are definitely looking at #430.

Steel Blue LFA at Larry Miller Lexus-8vsjeys.jpg
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Old Jun 24, 2013 | 10:22 AM
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sold as new or used? 148 miles...
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Old Jun 24, 2013 | 07:51 PM
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This is a used one

Kind of an odd dealership for this level of car
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Old Jun 25, 2013 | 12:29 AM
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so someone drove the car for under 200 miles and decided to sell it? sometimes it's just too hard for me to understand something
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Old Jun 25, 2013 | 05:09 AM
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I was offered a black one with similar miles for $350k earlier this year (may have been late last year).

A co-owner of a specialty dealer bought it for himself and then decided he wanted out.
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Old Jun 25, 2013 | 10:18 AM
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it's just hard to imagine someone spending 400k on a car for 200 miles and then lose out over 50k like that. that's a lot of money per mile.

but i guess to some people they don't (need to) care
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Old Jun 25, 2013 | 01:39 PM
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I think the motivation is to cap the loss.

The guy with 2 LFAs has his first one for sale for $309k.

If I have read the tax set up in Georgia correctly, they pay a one time 7% tax for titling so he got at least a $20k clanking there.

As the car may not sell above $300k, he could be looking at $100k for the pleasure of driving 6000 miles.
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Old Jun 25, 2013 | 04:59 PM
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yummy. guess i am not ready to be rich yet haha

though i think he's a bit different coz' he still loves the lfa, he just loved to get the first and last lfa (cool factor). i can buy into that story. but a random guy looking at the lfa and said umm ok here 400k and 200 miles later umm... let's sell it and lose 50k. wow
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Old Jun 25, 2013 | 07:29 PM
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rominl,

I am with you on this.

I would say that random guy was not the guy who got the allocations.

To me the customers were, the dealership owners, collectors, the rich guy who keeps buying the latest and greatest and then flips into the next car and then a few speculators. There were also a few rich folks who are just crazy about the LFA.

The guy I was talking about first was more of a speculator.

In another thread I mentioned one of the black cars is at an exotic dealer who took it in trade with only 800 miles on it plus the guy's high end Mustang (a new one) for a 458 spider. The latest and greatest guys don't seem to care about taking a bath as long as they can show up to their favorite night club in their ooh and ahh generating ride.

Cars are not the only game capable of generating a bath. I am a few weeks away from closing on an apartment building a guy bought with speculative intent, gutted, dumped a ton of money into and is selling to me for between $750,000 and $1,000,000 less than he has into it. Based on my cost structure, the asset will burp out cash for me till the sun stops shining. And this guy can afford to take the bath and now just wants to focus on his larger properties (I.e. he tried something, saw it did not work for him, is taking his licks and moving on, just like we see in the car world).
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Old Jun 25, 2013 | 08:05 PM
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loving that color!


the owner is rich enough if they are spending this much on a car 50k shouldn't be anything to them
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Old Jun 25, 2013 | 11:52 PM
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Originally Posted by S2000toIS350
rominl,

I am with you on this.

I would say that random guy was not the guy who got the allocations.

To me the customers were, the dealership owners, collectors, the rich guy who keeps buying the latest and greatest and then flips into the next car and then a few speculators. There were also a few rich folks who are just crazy about the LFA.

The guy I was talking about first was more of a speculator.

In another thread I mentioned one of the black cars is at an exotic dealer who took it in trade with only 800 miles on it plus the guy's high end Mustang (a new one) for a 458 spider. The latest and greatest guys don't seem to care about taking a bath as long as they can show up to their favorite night club in their ooh and ahh generating ride.

Cars are not the only game capable of generating a bath. I am a few weeks away from closing on an apartment building a guy bought with speculative intent, gutted, dumped a ton of money into and is selling to me for between $750,000 and $1,000,000 less than he has into it. Based on my cost structure, the asset will burp out cash for me till the sun stops shining. And this guy can afford to take the bath and now just wants to focus on his larger properties (I.e. he tried something, saw it did not work for him, is taking his licks and moving on, just like we see in the car world).
very interesting story there, i think it does put things in a different perspective. like you said, it's a loss but it's matter of capping it. maybe in a way it's like people go lease the newest s class, it's a lot of money but to them it's status and they are ok. but to some they just can't justify 20k a year on a luxury car.

i do wonder if anyone got burnt on the lfa thinking it's a car they could flip on but turned out it's a different story so far
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