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Sometimes while in a conference call I will peruse autotrader to look at the RCF's that are out there. Just to see how the prices. I bought my 2019 10th anniversary 4 months ago with only 582 miles and was happy with what I paid for the car. I was asked what I paid for it in a thread here and I told them. I had another member here give me crap for paying too much.
I was looking at autotrader just now and saw 2 new listings for the same model as mine.
1. already had 2 owners. has 11,300 miles and they want 76K
2. Private seller. car has 15,600 miles and they are asking $85K (LOL)
the RCF seems to keep going up in used car prices.
anyone else do the same to look at the listed prices of cars similar to yours?
The RCF is a rare car. They did not build very many. So combine the current market for all used cars with a rare car and then add in supply versus demand and here we are.
I do not plan on selling mine.
I am currently looking to buy another truck or SUV and have looked a little bit but not really sure what I want. I like the new Tundra though. A TRD Pro is on my list. I might also get a heavy duty pick up.
Down the road from me here in N. CA, the Nissan dealer in Vacaville, CA has a 2020 for 81.5K Just less than 10K miles. Red with black interior. Dunno what options, if any. The cars.com price comparitor says it is priced below market.
Dealer that had my Track Edition with 5k miles took a year to sell and had it down to $88k.
I am willing to bet it sold for low 80k…
lots of people are trying to capitalize on the market and asking insane prices but most aren’t gonna get that asking price.
Maybe it’s just the TE are hard to sell but out of 160 cars or so produced there are a lot forsale and sitting..
The dealer that I bought my 2019 RCF 10th edition with only 582 miles had it listed as "call for price". That is never a good sign. It took me 2 days to call them to ask. They were asking full MSRP sticker price. I laughed at them. I had given them my email address and they emailed me back that afternoon asking me to make an offer. I'll say I was happy they accepted my offer. The private seller wanting the same MSRP for his same car as mine with 15K miles is comical!
It is comical that only now people are beginning to notice these things. No, it is not just LC or Rc or anything else. It is the entire used car market (and far beyond that too)
Used car market was killed when chip shortages became a thing, and x3 higher inflation (officially at 7.5% vs 2.2%) and when using 1980s inflation metrics - around 15% yearly inflation, added to the problem as well.
beginning 2020-end of 2021 - combined price rise - 67%
so, If you saw a car was selling for 35k in the end of 2019, it is selling for 55-60k right now. Yep, it is the same car, with the same specs and everything.
Can confirm it to be true both for Caymans and Lotus Evoras I was looking at in Dec 2019 and now.
Also, anecdotally, bought my used 2015 is350 in 2018 for $30k with 15k miles, and now exact same car spec sells for 30k still.... with 60-80k miles, while 15k mile model goes for, like, 35-38k.
Found this today. Also confirms what I said about the market and inflation, except this time it is for new car market.
Notice, that the chart is showing exponential growth.
I hope I dont have to explain to all of you here, what it actually means.
I bought mine a year ago, and can sell it for considerably more now than what I bought it for. Hope it stays this way.
Well, as the video details, the beginning of the decline is happening now. Pros are the RCF is kind of rare, Cons are people don't want coupes and sports cars as much and since it is a Lexus and they don't change year to year a 2015 is the same as a 2022 in general and a newer lexus is as reliable as an old lexus. Same thing happened with the SC430, the cars are all the same every year.
The reason for the drop in wholesale prices is due to Rental car companies and Carvana NOT buying/overpaying for used cars at auction. The reason rental car companies were buying cars at auction is because they could not get new ones and they were needing them to sustain their increase in business. It was the action of Carvana and rental car companies paying $4K over RETAIL at auction is what drove up used car prices so quickly.........the catalyst for all of this of course was the chip shortage to get new cars into inventory. Demand far outweighed supply.....Now things are getting better balanced but I still think it will be 3rd or 4th quarter this year before prices/values level back out. But next year is when the financial institutions will hurt, GAP claims will be on the rise as everyone whom has bought a car over the last year will see how "tanked" they are in them.....
I overpaid for mine but it was the exact spec I wanted and the only one for sale within 100 miles radius, had to have it lol.
All good man, I overpaid also but i wanted white with tvd, i don't really like the facelift of the 20's.
I wanted pre AVS but when i found a clean '17 i had to grab it.
I overpaid by about $5000 May of 2021. I wanted out of my Porsche Macan S which was BORING . My 2019 RC F was spec’ed exactly as I would have ordered it new. Atomic silver, sunroof, red leather, 10 spokes, etc. I’m not proud of myself for paying the ransom, but it was worth it to me.
Toyota and Lexus Join Mille Miglia For The First Time
Slideshow: A five-car lineup spanning more than five decades of Toyota performance and engineering will tackle one of Italy's most celebrated automotive routes.
Used car prices going higher?
