I purchased my 2019 RCF in April and am alarmed by the recent depreciation: In May I received a quote from driveway.com for 62.5K, and now it's at 57.5K - that's 5K depreciation in 3 months. The mileage is only up by 1k, btw. Do you guys feel this is due to the car 'bubble' bursting and the astronomically high gas prices, or is there something else going on? I like the car a lot but I decided it is just too small for my needs and am considering trading it in for an LX570 or LS500. It's painful to witness this kind of severe drop in value and makes me wonder if this will continue to drop in the coming months. Should I just hold on to it and wait, or trade in now? Any input would be greatly appreciated.

 

Yea the bubble is starting to burst and prices are coming down. Having said that, you bought the RCF to flip? I bought mine because I know it will last 300k + miles easy so I'm in this for the long haul. I considered a supra, m3 etc.. when I made the purchase but considered the overall package and the RCF won. I may pick up a GSF in the future. ( I wanted a GSF when i was initially searching but they're harder to find and generally about 10k more ) If you're wanting to get into something else, then yea i'd trade in soon as supply chains are coming back and it's easier to get cars now.

 

Do you have more data? I wouldn't worry about a quote from only 1 website. Prices might be coming down a bit but not by that much.

 

I tried with other car outlets but it was considerably worse. Carmax might be best but I need to take it in to get a quote from them.

 

I didn't buy it to flip Just didn't think my needs through enough. Ideally I need 2 vehicles as the RCF has serious limitations in terms of space, but it's an awesome vehicle.

 

Definitely understand that, the RCF is my only car too and the limitations do suck, can't really do Costco runs or buy much unless I want to take multiple trips lmao

 

High gas prices coupled with V8 mileage is going to drop demand. Politics enter into it when EVs are being touted as "the American Way". Advice, sell now, it won't be worth more down the road for many years, if ever; especially if it doesn't meet your needs and in California.

 

I think the whole car market might be beginning to cool down due to high inflation rate, affordability, gas prices etc. People are not looking to buy new cars especially focused on pleasure drive ones with limited practicality.

I realized the small size, limited practicality before buying RCF. That is why my RCF is the garage queen I drive only once in a while and only spring/summers. I only drive and modify it for fun. When I bought my RCF, I also added a '14 RX450h shortly after that to keep the two things separate. It works out very well for me. If you like your RCF and what it has to offer in terms of driving experience then you could just add a beater car (could be an older LS430 or LS500) that you could drive anywhere without hesitation and has the practicality to haul everything you want it to.

 

do you feel the same way about the LX570? Or will it retain value better due to its size although it’s a V8?

 

I have seen the car market cooling down a bit here and also the housing market is starting to cool. Prices are coming down, but houses are still ridiculous. I expect it to continue down from here on out. In our area homes are so expensive and I can't believe people have money to buy them.


On the LX570 I don't know about values in the future but it is one sweet vehicle. If I was only going to have one that would be a number one choice. I am using my RCF for a daily and I am going to buy a Tacoma down the road so I have one toy and a truck. I had the RCF and a F150 for years but my daughter needed a vehicle so I gave her my truck. The RCF and a truck is a good combo.

 

Read the Edmunds review
https://www.edmunds.com/lexus/lx-570/

It is a huge machine suitable for few. There will always be folks who want huge, but it won't hold value any better than any other SUV. I think the others have it right. If you want to keep your RCF, buy a beater to do the other things. If you need one to do all, then find a hybrid with the right size/shape to do what you need doing. If you want to trade in the RCF on a Lexus and you chose the LX570 because it is expensive....you are still going to get the short end. Hardest thing in life is admitting you made a mistake. Believe me, bought lots of stocks that I was too stubborn to sell when I should have.

 

And I sold a lot of stocks that I should have kept. LOL


I wanted a Subaru WRX STI forever. I drove my friends and knew it was the only car for me. I bought a new 2016 STI. I was so excited. After driving that car I could barely walk. My bad back was not suited to that car. I sold it a year later at a big loss. It was a perfect car for the 30 year old me, not the 50 year old me.

 

You might be correct. However, judging by how well previous generations of the LX do on BAT, it might just be one of those vehicles that defies the market trend. It's hard to know when we will have an EV the would be *** robust and rugged and luxurious as an LX.

 

i hope your back got better. I am 54 and the seats in the RCF keep reminding me to eat less. It’s like wearing a tight fitting suit.

 

No matter what car you buy right now, it's going to depreciate much faster than normal. Mainly because prices are a good 25-30% artificially higher than normal times. So once the great correction comes, expect a good 15-20% drop immediately.

Basically if you're concerned about excessive depreciation on a recent car purchase, then you must have not been paying attention to the news the last 18-24 months.

I picked up an Avalon Hybrid last September as a daily and let the RCF become a garage/track queen. That thing has so much room for activities, and I'm keenly aware that I overpaid by about $4k. As someone who has driven a coupe for the last 20 years, having access to another car is key (ie your spouse/partner's SUV) for those few times you actually need more space. I'm in an F owner's group chat, and almost everyone has a second car. A GX460/470 seems to be a popular option.