Considering new 2006 LC

[ace10]

hoser- if you're presenting residual against msrp (expressed in terms of %), then yes, that's a huge difference between the resale value ($) of a LC vs LX.

a990dna made the statement that the resale values are higher on LC vs LX's. the term values implies prices (dollars) not percentages. given that the delta in the base msrp for those years was north of $5K AND the resid % for the LX is a point or two higher, that would indicate a higher resale value of at least $4K on a unit for unit basis.

the value of all the other "stuff" (beside the extra years of factory warranty) continues to be exihibited in the resale value... ergo, it's not just the warranty.

$0.02

 

[a990dna]

Maybe I'm being too optimistic ....

I was under the impression the LC and LX 470s were essentially the same vehicle.... Lexus being the luxury version with a different target market. Both sharing major components and quality recognition.

As far as resale value, that only applies if and when you want to sell. I can't remember the last time I bought vehicle with the intention of selling it..... I don't consider this an investment. I do know that high demand with low supply, mixed with some hysteria will drive price. That pretty much applies to just about any product or service.

The only data I have is sitting in my garage. Thirty years ago would you've believed the resale value of a 30 year old Plymouth would exceed the cost of a new Ferrari ?

 

[hoser]

Ace10-

Yes, I agree the term "value" implies a dollar amount but when comparing "Resale Value," we often use percentages--it's just more useful. What percent of my $50-60k will I get back after 4 years? Though a990dna will probably never sell his cruiser, he implied that LX's had worse resale value. Doesn't really matter to me since I bought mine used--I was just curious and thought I'd share the information.

Best Overall Car Resale Values (expressed in percentages)

Worst Overall Car Values

 

[a990dna]

Maybe I didn't say that quite right ....

Looking at the SUV market and current inventories, I believe you'll find it has reached the ceiling. I don't think current data is a good indicator of the effects of over-supply in the future. Land Cruiser's are not in abundant supply around here.... but I can go to a Lexus dealer and find excessive inventory. Maybe it’s a geographical thing.

It remains to be seen what happens with all SUV resale values.... If the bottom drops out completely, and push comes to shove, which moniker has staying power? This applies to all brands.

hoser- if you're presenting residual against msrp (expressed in terms of %), then yes, that's a huge difference between the resale value ($) of a LC vs LX.

a990dna made the statement that the resale values are higher on LC vs LX's. the term values implies prices (dollars) not percentages. given that the delta in the base msrp for those years was north of $5K AND the resid % for the LX is a point or two higher, that would indicate a higher resale value of at least $4K on a unit for unit basis.

the value of all the other "stuff" (beside the extra years of factory warranty) continues to be exihibited in the resale value... ergo, it's not just the warranty.

$0.02

 

[hoser]

Looking at the SUV market and current inventories, I believe you'll find it has reached the ceiling. I don't think current data is a good indicator of the effects of over-supply in the future. Land Cruiser's are not in abundant supply around here.... but I can go to a Lexus dealer and find excessive inventory. Maybe it’s a geographical thing.

Good point about SUV's sales reaching its ceiling. I expect the value to drop in the next few years--the fad is dying and gas prices are rising.

As for excess LX470's and "rare" LC100's...

https://forum.ih8mud.com/showthread.php?p=551572#post551572

 

[hoser]

I'd like to second what Juke said above. They're more than likely 18's on there because of the rotor size. Thus you probably can't go down to a 16" wheel.

I talked to the parts authority, C-Dan, and he said ALL 100 series rotors are the same. However, they changed pads in '02 and they changed Calipers in '03. Not sure if they are physically any larger though.

Anybody with a 03+ want to take measurements and/or snap a picture?

 

[a990dna]

Thanks for the production data... interesting. I guess it's more of a perception on my part.... now that I think more about this, it probably has to due with the ratio of Toyota to Lexus dealers in this area. Land Cruiser's are spread thin among more Toyota dealers. The smaller dealers don't even have any on their lots.

As a result, they tell us common folk LCs are limited production, allocated and therefore won't deal off MSRP.

So, any ideas ?

 

[hoser]

It's true that you are seeing more LX's than LC's at the dealer because between 02-04, they built 50% more LX's than LC's. But in the first 3 years of production, there were more LC's than LX's.

Plus, it's hard NOT to notice all those LX470's with the Chrome 22's!!!

 

[Tonym]

Thanks for the production data... interesting. I guess it's more of a perception on my part.... now that I think more about this, it probably has to due with the ratio of Toyota to Lexus dealers in this area. Land Cruiser's are spread thin among more Toyota dealers. The smaller dealers don't even have any on their lots.

As a result, they tell us common folk LCs are limited production, allocated and therefore won't deal off MSRP.

So, any ideas ?

If you go to any Toyota dealer in Australia they will generally have a couple of dozen LCs of different specs on their lot and will do deals to move them. Currently they are offering around 10k off current GXL models in the Sydney and north coast area. Last weekend the local dealer in Maitland area had 2 Sahara models each at 11k under normal retail price. I doubt that LCs are limited production. They probally just limit them in the US so more people will buy the LX so they get the bigger profit margin.

 

[FirstToy]

Maybe wait a while until the new Land Cruiser/LX comes out? You might get a great deal on the current bodystyle at that point, although it's not a high volume suv maybe some will be on the lot to deal on.
I think time is your friend when purchasing new in this price range... if you can wait that is.

 

[Jim_Chow]

More LX's are sold than LC annually in the US...6778 LC's (+1.3% in 2004 over 2003) sold vs. 9846 LX's (+6.8% over 2003). I guess this implies that in the future, as more people buy used 100's, more will be LX's than LC's, and there's probably more choice in LX's.

(from the autochannel.com)

TOYOTA RETAIL SALES
(INCLUDES FLEET & HAWAII)
December, 2004

----- CURRENT MONTH ----- -- CALENDAR YEAR TO DATE --

DSR % DSR %
2004 2003 CHG 2004 2003 CHG

[snip]
SIENNA 12,423 13,849 -13.6 159,119 105,499 50.3
RAV4 5,430 5,138 1.8 70,314 73,204 -4.3
4RUNNER 11,617 9,374 19.3 114,212 109,307 4.1
HIGHLANDER 12,391 8,451 41.2 133,077 120,174 10.4
LAND CRUISER 819 887 -11.1 6,778 6,671 1.3
SEQUOIA 7,286 7,206 -2.6 58,114 67,067 -13.6
TOTAL SUV 37,543 31,056 16.4 382,495 376,423 1.3
4X2 TACOMA 6,461 6,610 -5.9 91,305 92,881 -2.0
4X4 TACOMA 5,094 5,048 -2.8 61,628 61,273 0.3
TOTAL TACOMA 11,555 11,658 -4.6 152,933 154,154 -1.1
TUNDRA 11,720 9,204 22.6 112,484 101,316 10.7
TOTAL PICKUP 23,275 20,862 7.4 265,417 255,470 3.6
TOTAL TOYOTA
DIV. LT TRUCK 73,241 65,767 7.2 807,031 737,392 9.1
LX 470 1,415 1,163 17.2 9,846 9,193 6.8
GX 470 4,407 3,781 12.2 35,420 31,376 12.5
RX 330 12,367 10,594 12.4 106,531 92,366 15.0
TOTAL LEXUS
LIGHT TRUCK 18,189 15,538 12.7 151,797 132,935 13.8
TOTAL TOYOTA
LIGHT TRUCK 91,430 81,305 8.3 958,828 870,327 9.8
TOTAL TOYOTA
DIV. 155,451 125,241 19.5 1,772,122 1,606,558 9.9
TOTAL LEXUS 32,481 28,176 11.0 287,927 259,755 10.5
TOTAL TOYOTA 187,932 153,417 18.0 2,060,049 1,866,313 10.0
MEMO:
DOM. COROLLA 24,671 18,741 26.8 311,216 265,449 16.9
DOM. CAMRY 34,200 26,321 25.1 406,224 367,394 10.2
DOM. PICKUP 23,275 20,862 7.4 265,417 255,470 3.6
DOM. RX 330 7,015 4,862 38.9 61,350 7,819 682.1

SELLING DAYS 27 26 308 307

TOYOTA DIV.
IMPORT CAR 20,463 11,101 77.5 211,191 185,412 13.5
LEXUS IMPORT
CAR 14,292 12,638 8.9 136,130 126,820 7.0
TOYOTA DIV NA
BUILT CARS 61,747 48,373 22.9 753,900 683,754 9.9
TOTAL TOYOTA
CARS 96,502 72,112 28.9 1,101,221 995,986 10.2

TOYOTA DIV.
IMPORT LT
TRUCK 30,257 23,850 22.2 324,381 309,356 4.5
LEXUS IMPORT
LT TRUCK 11,174 10,676 0.8 90,447 125,116 -27.9
TOYOTA DIV NA
BUILT LT TRUCK 42,984 41,917 -1.3 482,650 428,036 12.4
LEXUS NA BUILT
LT TRUCK 7,015 4,862 38.9 61,350 7,819 682.1
TOTAL TOYOTA
LT TRUCK 91,430 81,305 8.3 958,828 870,327 9.8

SPORT UTILITY
VEHICLES 55,732 46,594 15.2 534,292 509,358 4.6
Memo: Lexus
Sport Utility 18,189 15,538 12.7 151,797 132,935 13.8

SMALL VANS 12,423 13,849 -13.6 159,119 105,499 50.3
PICKUPS 23,275 20,862 7.4 265,417 255,470 3.6

* NORTH AMERICAN
BUILT VEHICLES
COROLLA 24,671 18,741 26.8 311,216 265,449 16.9
CAMRY 34,200 26,321 25.1 406,224 367,394 10.2
AVALON 2,876 3,311 -16.4 36,460 50,911 -28.6
SIENNA 12,423 13,849 -13.6 159,119 105,499 50.3
PICKUP 23,275 20,862 7.4 265,417 255,470 3.6
SEQUOIA 7,286 7,206 -2.6 58,114 67,067 -13.6
RX 330 7,015 4,862 38.9 61,350 7,819 682.1
TOTAL 111,746 95,152 13.1 1,297,900 1,119,609 15.5
N.A. VEHICLES
% OF TOTAL 59.5% 62.0% 63.0% 60.0%

SELLING DAYS 27 26 308 307

DSR = DAILY SELLING RATE

 

[a990dna]

Thanks to all for your input....

Yes, time is on my side and I'm really not desperate for a vehicle.... although, I've had my eye on a LC for many years and don't want to shoot myself in the foot by waiting too long. I don't really like the new designs..... I'm old school.

With that said, I just got off the phone with a fleet manager from a local dealer with a 2006 on the lot. It has an MSRP of $63,000, I asked what the fleet price was and he quickly said he could sell it to me for $58,375.

It's not the color I want, but I'm going down there this evening for a test drive. The GM is taking possession for his personal vehicle, that kinda implies they aren't exactly in hot demand right now. The fleet manager said they're difficult to locate, but he could find the right color if I'm serious and could wait.

Maybe wait a while until the new Land Cruiser/LX comes out? You might get a great deal on the current bodystyle at that point, although it's not a high volume suv maybe some will be on the lot to deal on.
I think time is your friend when purchasing new in this price range... if you can wait that is.

 

[calamaridog]

Sweet! Don't forget to post some pics and your impressions of the VVTI V8.

 

[hoser]

More LX's are sold than LC annually in the US...6778 LC's (+1.3% in 2004 over 2003) sold vs. 9846 LX's (+6.8% over 2003). I guess this implies that in the future, as more people buy used 100's, more will be LX's than LC's, and there's probably more choice in LX's.

Jim, did you see my Production number post? https://forum.ih8mud.com/showthread.php?t=49691

From 98 through 04, there were 78,936 LX's sold and 76, 087 LC's sold. If they continue selling the same number of vehicles (as 2004) through 2006, it'll be 98,598 LX's and 89,613 LC's... not much of a difference.

They will have sold 10% more LX's than LC's.

 

[e9999]

IIRC, the 05s (edit: was typoed 95s) were going out the door in the low 50s when they started to arrive on the lots last year. So 59K may not be such a great deal.

Btw, I found that there was a fair amount of discussion on prices of new LCs on the edmund forum last year. These guys like to buy new rigs apparently. Maybe some info there.

 

[a990dna]

Sweet! Don't forget to post some pics and your impressions of the VVTI V8.

Here's the photos....

2006 Land Cruiser

Driving Impressions:

The drivability and feel of the 2006 Land Cruiser was remarkable. The 4.7L VVTi V8 had plenty of oomph, with a broad torque curve. I especially enjoyed the nice firm shifts of the 5-speed electronically controlled automatic transmission.... a far cry from the slop-o-matic I experienced on the Land Rover LR3.

As I exited the parking lot, I especially appreciated the robust 4-wheel disc brakes..... with a light, but firm feel. I was able to put the Toyota Land Cruiser to the real test as I approached the interstate with plenty of power, passing those the red-eyed Orange County commuters.

I also enjoyed the ride and comfort as compared to the more sports car like suspension and stance on the LR3. I felt more statesman and upright in the Land Cruiser, providing that elegant appeal. I still can't warm up to those funky skate board like bling, bling, 18" wheels. Toyota painted them silver, as opposed to a nice clear-coat over aluminum.

I was pleasently surprised by the professionalism of this particular Toyota dealership in Irvine California. They gave me the same warm welcome and respect I experienced at Lexus and Land Rover.

There it is ....

 

[e9999]

Here's the photos....

2006 Land Cruiser

Driving Impressions:

The drivability and feel of the 2006 Land Cruiser was remarkable. The 4.7L VVTi V8 had plenty of oomph, with a broad torque curve. I especially enjoyed the nice firm shifts of the 5-speed electronically controlled automatic transmission.... a far cry from the slop-o-matic I experienced on the Land Rover LR3.

As I exited the parking lot, I especially appreciated the robust 4-wheel disc brakes..... with a light, but firm feel. I was able to put the Toyota Land Cruiser to the real test as I approached the interstate with plenty of power, passing those the red-eyed Orange County commuters.

I also enjoyed the ride and comfort as compared to the more sports car like suspension and stance on the LR3. I felt more statesman and upright in the Land Cruiser, providing that elegant appeal. I still can't warm up to those funky skate board like bling, bling, 18" wheels. Toyota painted them silver, as opposed to a nice clear-coat over aluminum.

I was pleasently surprised by the professionalism of this particular Toyota dealership in Irvine California. They gave me the same warm welcome and respect I experienced at Lexus and Land Rover.

There it is ....

did you smell the cork and roll it around your tongue too?

 

[e9999]

1995.... 2006. The price of a lot things have gone up in the past 10 years

OK, OK....

 

[dclee]

Here's the photos...

Thanks for the pics and the review. Man, I hadn't realized until now how fugly that new front grill is. Also looks like they got that monstrous rear wing from the Lexus. I guess it's worth it for the VVTi engine, but personally I'm waiting for Christo's CARB-certified turbo, hehe...

 

[a990dna]

Yea I agree. The only wing I want to see is on a '69 Dodge Daytona, '70 Plymouth Superbird or Mercedes 190E 16v cosworth <-- you're a lucky man. I think I may wait a little longer to make my decision. I'm debt free and my girlfriend is more excited than I am to blow through $60K.

Thanks for the pics and the review. Man, I hadn't realized until now how fugly that new front grill is. Also looks like they got that monstrous rear wing from the Lexus. I guess it's worth it for the VVTi engine, but personally I'm waiting for Christo's CARB-certified turbo, hehe...