"Horrible Purchase"

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This is an update to my last post; "Horrible Purchase"

WELP... my parents dissolved the deal. They told me it was an unreliable vehicle and had way too many miles. Along with that my uncle, a mechanic for 30+ years, said this is a luxury vehicle and isn't built to go off-road. I tried explaining to them that's not the case with Land Cruisers, to which they told me I'm part of the "know-it-all" generation, and I should instead buy a Wrangler (vomit). I made a spreadsheet to show them the LC was a better investment, they told me the Wrangler would still be better. So yeah, that's the story about the LX470. Hope to be back on this forum with a REAL "new to me" post, but for now I go back to lurking...

Spicy take from uncle mechanic
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if someone is dictating what I buy they surely are paying for it as well.
Was 100% my money, just had my father co-sign for loan b/c of my short credit history. Was looking at this to be my first "big" purchase to build more credit.
 
Their opinion stinks on both counts....the reliability and off road ability of these trucks. Factor in the comfort and longevity of this line of models and it shows just how unaware that your family is....

Maybe you can educate them on the merits of these vehicles before settling on something else?
 
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Out of curiosity, how old are you?

I'm sure there's no convincing educating them, but this may provide some eye-opening eye-candy.


A Wrangler is definitely a cheaper way to go off-road. More reliable? Debatable. I'm pretty positive a far greater percentage of LX470's make it to 250k miles than a Wrangler, but I don't have that data.

What a bummer. Hopefully you're young and soon to be free of their oversight.

**Add-on. This story reminds me of when I bought my first Supra. My dad was not thrilled to learn it was rear wheel drive, turbo and "powerful". I thought he'd be kinda excited, but I was wrong. He said I needed to sell it. Car was bought with my money, so it stayed and so followed a life-long obsession with fun cars, despite what family, spouse, relatives have had to say, haha.
Just turned 22. Just graduated college. Thought I'd gift myself with this, but I guess I'm going to join the locals and mall crawl on 35s.
 
Not that you asked me, but I wouldn't be getting anyone to co-sign a loan for any depreciating asset for me. Transportation is necessary, cool points are not. Drive something cheap, save up and reward yourself for a financial milestone by paying for it on your own terms. Delayed gratification is worth it.
 
That lx470 was rad, If the deal actually dissolved I’m sure they got more than what you offered. Drive your new reliable Miata around for a hot minute and save up for a 6-7k Landcruiser. I assure you will never look at a rag top wrangler again.
 
Not that you asked me, but I wouldn't be getting anyone to co-sign a loan for any depreciating asset for me. Transportation is necessary, cool points are not. Drive something cheap, save up and reward yourself for a financial milestone by paying for it on your own terms. Delayed gratification is worth it.
To be fair I'm gonna need someone to sign off on anything with me. I wanted to finally get my credit score solidified and I can't really do that when buying with cash.
 
That lx470 was rad, If the deal actually dissolved I’m sure they got more than what you offered. Drive your new reliable Miata around for a hot minute and save up for a 6-7k Landcruiser. I assure you will never look at a rag top wrangler again.
We cancelled the buyer's agreement; and no I need more money for my pink Wrangler!
 
Hello ! you have bought one of the more reliable SUV's can be finded Lexus and landcruisers are the best 4wd vehicles you have to prove them what the vehicle is capable to gain they respect about it ! and for you confidence to remove the word horrible purchase ! i own 5 of them and all are reliabel trucks ! awesome driving features and super safety at all driving conditions ! no matter what i do with them i always feel safe while driving them ! cheers
by the way the color of the one you have aquire is one of the most beautiful in that model !! enjoy your LX
 
To be fair I'm gonna need someone to sign off on anything with me. I wanted to finally get my credit score solidified and I can't really do that when buying with cash.

I follow Dave Ramsey’s principles and only buy things with cash. I have a 0 credit score and am currently renting and saving for a house.
I’m 27 and remember what it was like just a couple years ago at 22.
Don’t fall into the trap of credit scores and debt.
Look at all the people struggling in our country right now because they’ve borrowed their way thru life or forgot all about what happened in 2008.
Cash is king. Buy it and be done with it.
Just because your parents are older than you, it doesn’t mean that they are smarter.
 
To be fair I'm gonna need someone to sign off on anything with me. I wanted to finally get my credit score solidified and I can't really do that when buying with cash.

Channeling my best Dave Ramsey:

I've had an 800+ credit score before it even mattered in my adult life and I never had a car loan. Don't buy a car on a loan just to boost credit, that's crazy talk. Car loans can be fine, but generally, you're better off just buying what you can in cash. Use a credit card to build credit and pay it off in full, early, every single month. NEVER carry a balance if you can help it. Get your phone plan in your name and your social. Pay it off in full, early, every single month. That will likely be plenty to keep you in the top tier credit bracket or very close to it.

Sorry to hear the LX slipped away this time, but maybe by the time you're in a better situation to dive in again you'll be looking at the 570. ;)
 
I follow Dave Ramsey’s principles and only buy things with cash. I have a 0 credit score and am currently renting and saving for a house.
I’m 27 and remember what it was like just a couple years ago at 22.
Don’t fall into the trap of credit scores and debt.
Look at all the people struggling in our country right now because they’ve borrowed their way thru life or forgot all about what happened in 2008.
Cash is king. Buy it and be done with it.
Just because your parents are older than you, it doesn’t mean that they are smarter.

Let’s Keep it cruiser man! And dont take Dave Ramsey’s advice to the extreme. I applaud you for avoiding debt but Ur gonna need some sort of positive credit score when you go buy that house...that’s just the way the world works...unless you’re paying cash for your house too.
 
Just turned 22. Just graduated college. Thought I'd gift myself with this, but I guess I'm going to join the locals and mall crawl on 35s.
Sad to hear you didn’t get the truck. I’m 19 and currently in college so I can relate. Lucky enough to own a 98 (Grew up in the backseats) and have parents that appreciate it. I definitely agree that with cars you should pay in cash. Save up. Thats what I did now I’m on the lookout for a replacement 100 or 200. Look forward to a real intro post soon.
 
Channeling my best Dave Ramsey:

I've had an 800+ credit score before it even mattered in my adult life and I never had a car loan. Don't buy a car on a loan just to boost credit, that's crazy talk. Car loans can be fine, but generally, you're better off just buying what you can in cash. Use a credit card to build credit and pay it off in full, early, every single month. NEVER carry a balance if you can help it. Get your phone plan in your name and your social. Pay it off in full, early, every single month. That will likely be plenty to keep you in the top tier credit bracket or very close to it.

Sorry to hear the LX slipped away this time, but maybe by the time you're in a better situation to dive in again you'll be looking at the 570. ;)
I love Dave Ramsey's ideas, but we're always going to need a credit score at some point in life. I also already do what you've mentioned, which leads me to be anxious because I'm so close to 800. But I guess I'll look into buying with cash, and hopefully for a J200.
 
Let’s Keep it cruiser man! And dont take Dave Ramsey’s advice to the extreme. I applaud you for avoiding debt but Ur gonna need some sort of positive credit score when you go buy that house...that’s just the way the world works...unless you’re paying cash for your house too.

That’s not how it works
Already have all my documents with loan people
They just require a couple years of job history/w2 and show that you pay your utility and phone bill on time

There’s more than one way to skin a cat and some people are patient and methodical
 
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That’s not how it works
Already have all my documents with loan people
They just require a couple years of job history/w2 and show that you pay your utility and phone bill on time

There’s more than one way to skin a cat and some people are patient and methodical
Your right man, history is wrong. You’re totally going to get a killer interest rate with credit history to the extent of phone and utility bills. Thankfully dudes ain’t coming to this site for financial advice
 
Its sad to see your parents dictating what you buy, despite them not paying for it. Too bad they couldn't do their own research or listen to yours before ruining a good purchase for you. Maybe show them some examples on this forum of the places we take our rigs. They gotta let you make your own decisions at some point. :bang:
 
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