Intermediate
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im glad I bought a house at 22 instead of the convertible rabbit I was looking at at the time.
Full disclosure...I sell real estate as a living.
As far as credit goes, having a house is better than a car by far. We always tell our buyers that a house guarantees the car, but the car may prevent the house. Meaning, the added debt from the car may cause a lender to deny the mortgage application, but the perceived additional stability from the owned home will allow most lenders to overlook things like no 2 year income history, current unemployment, high debt to income ratios, etc. for the car loan.
Remember, 9 times out of ten, a home is an appreciating asset! Just as frequently, if not more, a car is a depreciating asset!!
that all being said, Life is short and we should always enjoy it to its fullest.
one day, I hope to learn to do it responsibly.
^^^ Agreed.Originally Posted by Katrcf
As a old guy looking back...im glad I bought a house at 22 instead of the convertible rabbit I was looking at at the time.
Full disclosure...I sell real estate as a living.
As far as credit goes, having a house is better than a car by far. We always tell our buyers that a house guarantees the car, but the car may prevent the house. Meaning, the added debt from the car may cause a lender to deny the mortgage application, but the perceived additional stability from the owned home will allow most lenders to overlook things like no 2 year income history, current unemployment, high debt to income ratios, etc. for the car loan.
Remember, 9 times out of ten, a home is an appreciating asset! Just as frequently, if not more, a car is a depreciating asset!!
that all being said, Life is short and we should always enjoy it to its fullest.
one day, I hope to learn to do it responsibly.
Driver School Candidate
Replying to the comment on whether to buy a new RCF or a used one. I bought a fully loaded blue RCF in December, 2014, one of the first. I paid close to full sticker and was not really satisfied with the car. It felt very heavy and some of the horses under the hood appeared to be asleep. I also have a Q 50S Infiniti and it handles much quicker than the RCF. The RCF is just a very disappointing car. So after a few thousand miles, I decided to sell it and it was in mint condition. Well, I was going to take a $22,000 hit and if I traded it in, I would have taken a $26,000 hit. Even the Lexus dealer said that the cars are just not moving. So, I ended up taking a $22,000 hit, so these cars are just not retaining their value. If you have to have one, find a used low mileage one for $48,000 or maybe even less, as I sold mine a few months ago.
Intermediate
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I have a few questions. On the RCF, you had it almost a couple of years and only put a few thousand miles on it? Mind if I ask how much you sold it for?Originally Posted by sportpop
Replying to the comment on whether to buy a new RCF or a used one. I bought a fully loaded blue RCF in December, 2014, one of the first. I paid close to full sticker and was not really satisfied with the car. It felt very heavy and some of the horses under the hood appeared to be asleep. I also have a Q 50S Infiniti and it handles much quicker than the RCF. The RCF is just a very disappointing car. So after a few thousand miles, I decided to sell it and it was in mint condition. Well, I was going to take a $22,000 hit and if I traded it in, I would have taken a $26,000 hit. Even the Lexus dealer said that the cars are just not moving. So, I ended up taking a $22,000 hit, so these cars are just not retaining their value. If you have to have one, find a used low mileage one for $48,000 or maybe even less, as I sold mine a few months ago.
According to your post history, you've owned many Lexus vehicles. You had purchased an 2014 IS350 F Sport a year before the RCF. What did you dislike about that car? Prior to that, you owned a GS that you indicated did not corner properly.
Sorry to hear about the financial "hit" you've taken, but glad you found solace in the Q50S.
Driver School Candidate
I sold my 2,500 mile loaded RCF for $53,500 and it was not easy. I got all kinds of offers below that number. The local Lexus dealership that sold the car to me only offered me $46,500 for the car, as they said that they could not move them. Car Max offered me $46,000, Texas Auto offered me $46,500, and a Kia dealership offered me $47,000. Lexus had one on their showroom floor for $57,500 and it had less than 1,500 miles and was loaded out, a black one. I had a SC 430 a number of years ago and the RCF reminded me of that car, as it was more of a cruiser, than a GT car. The RCF just handles heavy and the gas mileage in the city was like 14 MPG. I just hope that Lexus does not make the same mistake with the LC500 and price it too high and I hope that it handles better than the RCF and feels quicker with a better exhaust tone. I guess my problem was that I thought I was buying a GT car and that was not the case. In regard to your question about the IS350, I do not like the 350 engine and the IS felt too cramped inside and I believe that the GSF would be a much better car.
Lexus Champion
Quote:
I agree with your handling and exhaust tone experience until I installed a borla catback. Before the borla, the RCF was a dread to drive. Too much gear hunting causing lag in acceleration and doesn't sound like a v8 (except for the fake stereo engine noise). After the install it sounds proper, pick up somewhat increased and I rarely have to go into sport+ mode to enjoy the drive. Originally Posted by sportpop
I just hope that Lexus does not make the same mistake with the LC500 and price it too high and I hope that it handles better than the RCF and feels quicker with a better exhaust tone. I guess my problem was that I thought I was buying a GT car and that was not the case.
I feel bad for the early adopters taking the huge depreciation hit. The LC will be no different as its equipped with 10 speed (non dual clutch) and only 2-3 more hp gain, while starting at 100k
shadow1118
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hmmm interesting, thanks for the reply mate. theres a use rcf in my town at the lexus dealership for like 56k so im gonna try and haggle them down a little, it will be hard though. its been there for 30 days though LOL. so i may have a chance to haggle.Originally Posted by sportpop
Replying to the comment on whether to buy a new RCF or a used one. I bought a fully loaded blue RCF in December, 2014, one of the first. I paid close to full sticker and was not really satisfied with the car. It felt very heavy and some of the horses under the hood appeared to be asleep. I also have a Q 50S Infiniti and it handles much quicker than the RCF. The RCF is just a very disappointing car. So after a few thousand miles, I decided to sell it and it was in mint condition. Well, I was going to take a $22,000 hit and if I traded it in, I would have taken a $26,000 hit. Even the Lexus dealer said that the cars are just not moving. So, I ended up taking a $22,000 hit, so these cars are just not retaining their value. If you have to have one, find a used low mileage one for $48,000 or maybe even less, as I sold mine a few months ago.
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ba2sy
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You should have a chance to haggle more. It's the last month of the last quarter of the year. It'll be even better at the last week. They should be trying to meet their sales goals. If not, try to walk away for a bit.Originally Posted by shadow1118
hmmm interesting, thanks for the reply mate. theres a use rcf in my town at the lexus dealership for like 56k so im gonna try and haggle them down a little, it will be hard though. its been there for 30 days though LOL. so i may have a chance to haggle.
Lead Lap
Yup so true
If you tell them that you will need to think about it. they will eventually drop their pants and give you what you want.
when i worked at a dealership that would always happen when the customer tried to walk away
If you tell them that you will need to think about it. they will eventually drop their pants and give you what you want.
when i worked at a dealership that would always happen when the customer tried to walk away
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If you tell them that you will need to think about it. they will eventually drop their pants and give you what you want.
when i worked at a dealership that would always happen when the customer tried to walk away
its a "L certified" used RCF. with 10k miles. im gonna go in the morning , test drive, talk numbers, etc etc, then walk out on em. unless they give me my price. but its been there for almost a month and a half lol. i guess people are not buying rcfs, will update thread when i get back the info on L certified used RCFOriginally Posted by paulwall4
Yup so trueIf you tell them that you will need to think about it. they will eventually drop their pants and give you what you want.
when i worked at a dealership that would always happen when the customer tried to walk away
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I think 1mo at a dealership is still short compared to the other cars that are there for 6mos or more. They're lucky if they can sell a used car, right away.Originally Posted by shadow1118
its a "L certified" used RCF. with 10k miles. im gonna go in the morning , test drive, talk numbers, etc etc, then walk out on em. unless they give me my price. but its been there for almost a month and a half lol. i guess people are not buying rcfs, will update thread when i get back the info on L certified used RCF
Lead Lap
Yea 1 months is somewhat short, but some dealerships will consider that a long time if they tend to move a lot of cars.
If its a smaller dealership that only usually sell around 100 cars a month, then 1 month is nothing to them.
If its a smaller dealership that only usually sell around 100 cars a month, then 1 month is nothing to them.
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when did they offer you the $46,500? thanks for telling me the cash value for the car, but this really helps me out when looking to buy one.Originally Posted by sportpop
I sold my 2,500 mile loaded RCF for $53,500 and it was not easy. I got all kinds of offers below that number. The local Lexus dealership that sold the car to me only offered me $46,500 for the car, as they said that they could not move them. Car Max offered me $46,000, Texas Auto offered me $46,500, and a Kia dealership offered me $47,000. Lexus had one on their showroom floor for $57,500 and it had less than 1,500 miles and was loaded out, a black one. I had a SC 430 a number of years ago and the RCF reminded me of that car, as it was more of a cruiser, than a GT car. The RCF just handles heavy and the gas mileage in the city was like 14 MPG. I just hope that Lexus does not make the same mistake with the LC500 and price it too high and I hope that it handles better than the RCF and feels quicker with a better exhaust tone. I guess my problem was that I thought I was buying a GT car and that was not the case. In regard to your question about the IS350, I do not like the 350 engine and the IS felt too cramped inside and I believe that the GSF would be a much better car.
Lead Lap
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That's what the dealers were offering to buy it, not what they are going to sell it to you for. They will likely price it at $55k+ and then sell it to the first person that offers them $52k+. Also don't forget about location. Location makes a difference in the price of the car. As an example; Florida owned vehicles usually get a premium price on the used car market since they haven't been driven much (if at all) on salty/briny roads. Also, a cold start in Florida isn't the same on the engine as a cold start in Maine. Colder temperatures are harder on engines. There are likely other factors as well that I am missing...Originally Posted by shadow1118
when did they offer you the $46,500? thanks for telling me the cash value for the car, but this really helps me out when looking to buy one.
If sportpop does a private sale they can get a better price. But if the dealers are having trouble moving them then a private sale may take a while.
Lexus Champion
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whats the reasoning?Originally Posted by Diesel350
Don't buy the RC-F unless you can pay CASH!!



