14 months ago I purchased a 2020 Series for $64K. It had 85K on the odometer, was a one owner, no accidents, very well maintained vehicle with almost zero rust. In short, it was just about pristine for a 4 year old vehicle with rather high mileage. It now has 87K after one year of ownership and I have had no issues - it is not my primary vehicle. Prices seem higher today than I paid for mine 14 months ago. Can this be so?
Are 200 Series appreciating in value?
- Thread starter redolent
- Start date
This site may earn a commission from merchant affiliate
links, including eBay, Amazon, Skimlinks, and others.
Prices seem to be all over the place lately
I’ve seen pristine example go for less than expected and somewhat beat up ones go for more than expected
I guess it’s just a who wants what when market
Me, personally, all my vehicles are white with gray interior, always have been, always will be, that’s what I like, not sure why.
So me, personally, I’d pay a premium for that combo, and patiently waited over a year to find one.
I doubt I’m the only one in this mindset
Point being, with such a niche vehicle, it’s hard to answer that directly
I’ve seen pristine example go for less than expected and somewhat beat up ones go for more than expected
I guess it’s just a who wants what when market
Me, personally, all my vehicles are white with gray interior, always have been, always will be, that’s what I like, not sure why.
So me, personally, I’d pay a premium for that combo, and patiently waited over a year to find one.
I doubt I’m the only one in this mindset
Point being, with such a niche vehicle, it’s hard to answer that directly
I would say that 200s that have been driven regularly and that have miles compatible to their year of production are still losing value every year (like every other vehicle does). The difference is that the percentage of diminishing value is way way less than other cars. In other words, it loses much less value than the regular used car. That said, there are outliers (like the 2014 that sold this week at BAT for $70k+ - total craziness) and there are the low mile-last-years ones (2020 and 2021). When I say low miles, I mean less than 20k miles. These sell for a premium and double premium if it is an HE.
Yours being a 2020 with 87k miles (assuming it is not an HE), IMO, is in the first category and at $64k, I would say you've paid just right. If you were try and sell now, I am not sure you would get more than the $64k because of the mileage. If it was a 2020 with 15k to 20k miles, oh yeah. High $70k low $90ks all day long.
I think this trend will keep going but with less 200s with low miles, the ones in the second category are more likely to hold their MSRPs.
Yours being a 2020 with 87k miles (assuming it is not an HE), IMO, is in the first category and at $64k, I would say you've paid just right. If you were try and sell now, I am not sure you would get more than the $64k because of the mileage. If it was a 2020 with 15k to 20k miles, oh yeah. High $70k low $90ks all day long.
I think this trend will keep going but with less 200s with low miles, the ones in the second category are more likely to hold their MSRPs.
I got to agree with MRego. I bought my 2016 used in 2018 with 14.5K miles for 64K. I have 115K mile on it now. I would not get 64K for it if I tried to sell it but the percentage loss would be way less than you average 2016 SUV. Dealer ship has offered me 45K trade in value as of last year. FYI i am not selling or trading I driving it till it dies and I might fix it once or twice after that.
You got a very fair deal, and it's probably worth about what you paid for it still. It'll start dropping faster once you exceed 100k.
As stated above, clean uber low mile examples (especially LCs and even more so HEs) seem to be holding value or maybe appreciating slightly, but we're not back in the 2022 days of a 2021 Heritage bringing 6 figures with 30k miles.
Beyond Clean Low mileage 2020-2021s, the prices are continuing to fall at a reasonable depreciation rate. Sure, they hold their value 2-3x of a Tahoe or Armada, but aren't really appreciating either.
As with any somewhat rare and desirable vehicle, pricing is fairly scattered, particularly on the private seller market. There's always someone that "Knows what I got" 30% above market.
As stated above, clean uber low mile examples (especially LCs and even more so HEs) seem to be holding value or maybe appreciating slightly, but we're not back in the 2022 days of a 2021 Heritage bringing 6 figures with 30k miles.
Beyond Clean Low mileage 2020-2021s, the prices are continuing to fall at a reasonable depreciation rate. Sure, they hold their value 2-3x of a Tahoe or Armada, but aren't really appreciating either.
As with any somewhat rare and desirable vehicle, pricing is fairly scattered, particularly on the private seller market. There's always someone that "Knows what I got" 30% above market.
We were in the market for a 13-15 LC, and only wanted black over black with low miles. We started shopping in Jan 2019 and did not find ours until summer of 2021. Paid $66.5k for our 2013, 8 year old rig at the time.
We saw the same rigs with similar spec, but in different color prior to covid and at covids start (up to summer of 2020) sell for $10k less.
Since then, the market has gone up and down, definitely leveling off a bit, but in certain instances the supply of lower mile rigs is only getting lower (as many LCs get driven a lot) so when lower mile rigs come up for sale, there's a premium.
There's definititely a slowed down rate for depreciation particularly for sub-$50k rigs, percentage wise relative to mileage and very low mile rigs. There are a few outliers, but in general though, I'm not seeing the appreciation for these rigs in terms of value in the current market.
Last edited:
I would say the opposite. I’m seeing more on marketplace especially 2016-18’s. You can pick up a ‘16 so cal truck for high 30s. For someone that doesn’t really care about the minute differences between years that’s a hell of a deal.
Look younster, not all of us use this peasant "marketplace" platform you speak of. I do my vehicle shopping on BaT and Dupont Registry.
The only '16+ rigs I've seen even come close to high 30s are very high mile 150k+ rigs which will be last to ever appreciate. Get off my lawn! Also, agreed.
It depends on which 200 series you're referring to, but i got my 2015 LX for cheaper than an equivalent condition 06-07 LC with similar mileage. So no i dont think prices are appreciating when you group 200 series together, maybe the 16+ LC
No, but they are holding value much better than the average used car.
Prices seem to be about the same as when I bought mine a year and a half ago. Any 2016+ under $40k I see is very worn out, and clean rigs priced well sell almost immediately.
200's are a small market based on the production volumes, and it's rare a non-enthusiast is willing to spend over $30k for a vehicle approaching 200k miles. So rough examples seem to sit on the market, and clean ones get scooped up by people like us (who berate the seller with rust and valley plate questions) quickly.
Prices seem to be about the same as when I bought mine a year and a half ago. Any 2016+ under $40k I see is very worn out, and clean rigs priced well sell almost immediately.
200's are a small market based on the production volumes, and it's rare a non-enthusiast is willing to spend over $30k for a vehicle approaching 200k miles. So rough examples seem to sit on the market, and clean ones get scooped up by people like us (who berate the seller with rust and valley plate questions) quickly.
Sad Truth Really
- Thread starter
- #15
Thanks everyone. I appreciate the comments.
I think we can agree that having a clean, well maintained LC, will hold its value better than most other used vehicles. And, I do think, as already mentioned, that almost all used 200 Series are picked up by an enthusiast, however we may define "enthusiast".
I bought mine to travel to Montana for some bird hunting (I didn't make it last year, hence only 2,000 miles on it in a years time). I took out the 3rd row seats so I can fit my dog kennel next to a bed for me, on a platform above the wheel wells. For me it is a great combination for driving far distances in comfort and also very good off road. Most importantly, it is a vehicle I can rely on to get me there and back. I plan to keep mine for at least the next ten years.
This is my fourth Toyota. The first was a '78 LC, then an FJ Cruiser, (a Yukon in between - a great vehicle, IMO) then a 2020 Sequoia and now my current 2020 LC. I loved the Sequoia but traded it for a much higher mileage LC because it has always been my dream car.
I'm a "happy camper."
I think we can agree that having a clean, well maintained LC, will hold its value better than most other used vehicles. And, I do think, as already mentioned, that almost all used 200 Series are picked up by an enthusiast, however we may define "enthusiast".
I bought mine to travel to Montana for some bird hunting (I didn't make it last year, hence only 2,000 miles on it in a years time). I took out the 3rd row seats so I can fit my dog kennel next to a bed for me, on a platform above the wheel wells. For me it is a great combination for driving far distances in comfort and also very good off road. Most importantly, it is a vehicle I can rely on to get me there and back. I plan to keep mine for at least the next ten years.
This is my fourth Toyota. The first was a '78 LC, then an FJ Cruiser, (a Yukon in between - a great vehicle, IMO) then a 2020 Sequoia and now my current 2020 LC. I loved the Sequoia but traded it for a much higher mileage LC because it has always been my dream car.
I'm a "happy camper."
2 weeks ago I paid OTD 30,400 for my 16' LC200 silver over back 227k one owner one small fender bender on the Carfax great maintenance history. This was at a Lexus dealer in Peoria IL.
Post this in the prices paid thread. It’s good info to have for the group and future buyers.
Wait until/if gas goes up. As we know LC are not economy cars.
You have two factors affecting housing and luxury cars, the dollar dropping in value and baby boomers dying off.
Boomers don't take their houses and cars with them when they die. They also don't drive much in their final years.
You have two factors affecting housing and luxury cars, the dollar dropping in value and baby boomers dying off.
Boomers don't take their houses and cars with them when they die. They also don't drive much in their final years.
And the end-of-life asset extraction industry is dead set on exploiting them...