For Sale Most recent 200 Series purchase prices

[MeWantLC]

Well,
I think one would / should take into account the value of the money to normalize a bit what we see today:

AI summary :

"$85,000 in 2021 is equivalent in purchasing power to approximately $101,673 to $101,700 today (early 2026), reflecting a cumulative inflation increase of roughly 19.6% over this period. This represents a significant loss in buying power due to high inflation rates following 2021, meaning it now requires over $100,000 to match the value of $85,000 in 2021. "

Yeah, yeah.... Ok, maybe not $85000 but $89k or whatever's... But y'all get my point. .

Really "making" money on the HE is, at the very least, relative. .

Cheers.

G.

Yep, agree. Smart low miles HE owners are cashing out now while the tide is (crazy) high.

 

[das100]

I loved my Heritage. Incredibly cool, amazing to drive…when it came time to buy another suv after selling a few months ago, I just couldn’t justify the price for something I’ve already experienced.

Thanks for the inflation exercise mewantlc, that does provide perspective that this is relative…but six figures for a 6 year old truck was too rich for my blood though when it came time to jump back in.

 

[sepollard]

I loved my Heritage. Incredibly cool, amazing to drive…when it came time to buy another suv after selling a few months ago, I just couldn’t justify the price for something I’ve already experienced.

Thanks for the inflation exercise mewantlc, that does provide perspective that this is relative…but six figures for a 6 year old truck was too rich for my blood though when it came time to jump back in.

Headline median new car prices are +20-30% since 2020/21. Up to 50k today.

There is also quality degradation / uncertainty in the average car relative to a 200 series, particularly in Toyota / Lexus offerings. Add in a scarcity factor for late model / low mileage 200s (and HEs) and not a huge leap to understand why the current prices relative to MSRP persist despite the ongoing confused commentary from boomers (just kidding).

 

[das100]

I’m 34, there’s no boomer confusion even though I feel like one…I just draw the line when you look around and see what else that same money can buy you and provide something non-average.

I don’t question the value and what people are paying for the reasons you outlined, my position is different because I got in for a reasonable price, and I’m now mentally priced out…ancillary market factors aside.

 

[sepollard]

I’m 34, there’s no boomer confusion even though I feel like one…I just draw the line when you look around and see what else that same money can buy you and provide something non-average.

I don’t question the value and what people are paying for the reasons you outlined, my position is different because I got in for a reasonable price, and I’m now mentally priced out…ancillary market factors aside.

Understood. I was meaning general commentary on the topic more than you specifically.

And I agree that 120-130k could seem ridiculous. But I would say far less ridiculous than a GX at 90k plus a waitlist or an LX300 at 120k with a V6 and potential recalls.

If someone were to see far more value in a low mileage, same year Sequoia or Tundra, I would probably agree.

 

[Specialeyes]

When you adjust for inflation it’s even more absurd. People paying the equivalent of brand new prices (and more in some cases) for a vehicle that is at least 5 years old when talking production and 18 years old now mechanically and technologically.

Yes there’s no 300 Series Land Cruiser in North America, yes quality is down on new models across the board, yes supply and demand is a factor, (even more so in enthusiast circles).

The 200 is an amazing vehicle but it’s also overvalued in today’s market. Both can be true. I’d have a hard time advising someone buy one at 6 figures or more unless they really, truly are set on keeping it for 20+ years.

 

[das100]

100%. When compared to a new option the proposition is terrible. The used market will continue to be where I play.

 

[sepollard]

When you adjust for inflation it’s even more absurd. People paying the equivalent of brand new prices (and more in some cases) for a vehicle that is at least 5 years old when talking production and 18 years old now mechanically and technologically.

Yes there’s no 300 Series Land Cruiser in North America, yes quality is down on new models across the board, yes supply and demand is a factor, (even more so in enthusiast circles).

The 200 is an amazing vehicle but it’s also overvalued in today’s market. Both can be true. I’d have a hard advising someone buy one at 6 figures or more unless they really, truly are set on keeping it for 20+ years.

It's very bifurcated. I would not pay 6 figures either but think a 80-120k 2013-2016 LC for 35-45k or 2016-18 LX for 45-55k is great value relative to the car market we have today. Not the market we wish existed.

 

[Specialeyes]

To be fair the entire Land Cruiser and Toyota 4x4 market is like this. Everything from 80’s, 100’s, 200’s. GX’s, 4Runners, Tacoma’s, and Tundra’s.

 

[MRego]

I will always have at least one Toyota/Lexus in my garage. I have owned a 2018 Base 200 and a 2020HE - which I traded in (for more than what I paid) in a 700OT.

In my mind and in today's market, there are two rational options if you want a Land Cruiser (not a Prado):

1 - Buy a mildly used grocery getter 2016+ 200 (HE or not) with decent miles (neither delivery miles nor 200kmiles) for something around $50k to $70k (maybe $80k) or

2 - Trust the brand and do not get spooked by the slew of YTubers/arm chair warriors commentaries about the Hybrid V6 still being flawed, (even after Toyota addressed the issue and improved manufacturing) and spring for a brand new 700OT (which is the closest we get to a 300GR) with a 4 year BTB warranty and a 6 year powertrain warranty.

Both options are smart IMO. I went with number 2 and plan to keep my OT for a loooong time. I am admittedly a sucker for OEM stuff and having a "ready-to-go" triple locked LC straight from the factory was just too tempting for me.

What I can't understand or justify is paying 6 figure prices for 5- to 6-year-old out of warranty trucks with less than 20kmiles or delivery miles when you have option number 2. Fine, it is bullet proof, fine it is built as a tank, fine it is rare (HE), fine it offroads like nothing else, on and on. That said, except for the bullet proof aspect - which we simply do not know yet, you have all these same traits with a brand new 700OT.

So, unless you will park the car in your living room and never drive it, once you start putting on miles and your now 8/9-year old HE reaches 50k to 60k miles, that $130k you paid will rapidly turn into $60k - $70k. At that point you either marry with the truck for life or accept the enormous financial hit, which you would not have if you had gone the option 1 route for the very same truck.

My 2 cents.

 

[Mingus Dew]

I will always have at least one Toyota/Lexus in my garage. I have owned a 2018 Base 200 and a 2020HE - which I traded in (for more than what I paid) in a 700OT.

In my mind and in today's market, there are two rational options if you want a Land Cruiser (not a Prado):

1 - Buy a mildly used grocery getter 2016+ 200 (HE or not) with decent miles (neither delivery miles nor 200kmiles) for something around $50k to $70k (maybe $80k) or

2 - Trust the brand and do not get spooked by the slew of YTubers/arm chair warriors commentaries about the Hybrid V6 still being flawed, (even after Toyota addressed the issue and improved manufacturing) and spring for a brand new 700OT (which is the closest we get to a 300GR) with a 4 year BTB warranty and a 6 year powertrain warranty.

Both options are smart IMO. I went with number 2 and plan to keep my OT for a loooong time. I am admittedly a sucker for OEM stuff and having a "ready-to-go" triple locked LC straight from the factory was just too tempting for me.

What I can't understand or justify is paying 6 figure prices for 5- to 6-year-old out of warranty trucks with less than 20kmiles or delivery miles when you have option number 2. Fine, it is bullet proof, fine it is built as a tank, fine it is rare (HE), fine it offroads like nothing else, on and on. That said, except for the bullet proof aspect - which we simply do not know yet, you have all these same traits with a brand new 700OT.

So, unless you will park the car in your living room and never drive it, once you start putting on miles and your now 8/9-year old HE reaches 50k to 60k miles, that $130k you paid will rapidly turn into $60k - $70k. At that point you either marry with the truck for life or accept the enormous financial hit, which you would not have if you had gone the option 1 route for the very same truck.

My 2 cents.

Agree with this. I was more comfortable paying ~$80k for a low mile-ish (30-40k) late year 200 than I was paying $130k for a brand new 700OT. Not really about the value proposition (the 700OT is a great car as far as I can tell, with warranty like you said should you run into engine issues), but in absolute terms I'd need a loan for the 700OT so that's a non-starter.

Also, price wise the 700OT is in Audi RS6 or Cadillac CT5-V Blackwing territory. Different cars obviously, but mentally if I'm spending 6 figures I want a performance vehicle not an off-road beast.

At the end of the day enthusiasts will always be willing to pay top dollar for something perceived as desirable and hard to find. Like it or not, the LC200 (and especially the HE) is a rare vehicle in NA simply by virtue of the historical sales numbers. There aren't many around and even fewer that are in good shape.

Ultimately I'd hope that anyone shelling out $130k for a vehicle is not concerned about depreciation. If you can't afford the depreciation you can't afford the car.

 

[MRego]

Ultimately I'd hope that anyone shelling out $130k for a vehicle is not concerned about depreciation. If you can't afford the depreciation you can't afford the car.

Agree, but I would much rather prefer what you (smartly) did and pay a reasonable price which will result in probably half of the depreciation hit of someone paying $130k, for the same car (just with less miles).

Also, price wise the 700OT is in Audi RS6 or Cadillac CT5-V Blackwing territory. Different cars obviously, but mentally if I'm spending 6 figures I want a performance vehicle not an off-road beast.

Tell me about it. My direct front neighbor drives an RS6 Avant and I obviously see him coming and going all the time. Every time he starts up that beast, I hear the roar and think that I could have bought a slightly used one for the same as I paid on the 700OT. I then force myself to remember that I can go to several places he can't - which I am sure means nothing to him, since he is not into off-roading, rather he loves fast cars and tracks. Clearly, like all of us here, I wish I could have both.

 

[das100]

Ya who doesn't love German deprecation, their love for forced induction, and factory triple locks! I still come in peace

 

[Ninja Cruiser100]

Nope.

 

[das100]

it’s ok, a move I don’t expect many in here to understand…but the fact remains it’s equal, if not superior in a few of the points mentioned earlier…let’s see how the reliability holds up. Oh and yeah, factory triple locks.

 

[Ryno15]

I will always have at least one Toyota/Lexus in my garage. I have owned a 2018 Base 200 and a 2020HE - which I traded in (for more than what I paid) in a 700OT.

In my mind and in today's market, there are two rational options if you want a Land Cruiser (not a Prado):

1 - Buy a mildly used grocery getter 2016+ 200 (HE or not) with decent miles (neither delivery miles nor 200kmiles) for something around $50k to $70k (maybe $80k) or

2 - Trust the brand and do not get spooked by the slew of YTubers/arm chair warriors commentaries about the Hybrid V6 still being flawed, (even after Toyota addressed the issue and improved manufacturing) and spring for a brand new 700OT (which is the closest we get to a 300GR) with a 4 year BTB warranty and a 6 year powertrain warranty.

Both options are smart IMO. I went with number 2 and plan to keep my OT for a loooong time. I am admittedly a sucker for OEM stuff and having a "ready-to-go" triple locked LC straight from the factory was just too tempting for me.

What I can't understand or justify is paying 6 figure prices for 5- to 6-year-old out of warranty trucks with less than 20kmiles or delivery miles when you have option number 2. Fine, it is bullet proof, fine it is built as a tank, fine it is rare (HE), fine it offroads like nothing else, on and on. That said, except for the bullet proof aspect - which we simply do not know yet, you have all these same traits with a brand new 700OT.

So, unless you will park the car in your living room and never drive it, once you start putting on miles and your now 8/9-year old HE reaches 50k to 60k miles, that $130k you paid will rapidly turn into $60k - $70k. At that point you either marry with the truck for life or accept the enormous financial hit, which you would not have if you had gone the option 1 route for the very same truck.

My 2 cents.

You forgot option #3

Buy a 2014-2015 LC with 100-120k for $30-40k.

 

[Sajan]

You forgot option #3

Buy a 2014-2015 LC with 100-120k for $30-40k.

This...

I just don't get it. What is so special about the HE that commands a 130K price tag in the used market?

For 130K I am getting a LC for 40K and Porsche 991 4S with the rest.
What exactly is the 2021 HE going to do the 15 LC can't do..? Heritage wheels?

It's not my money. people can do whatever they want. lol
same for porsche people who wants to pay 1million for a Singer. SMH.

 

[Ninja Cruiser100]

This...

I just don't get it. What is so special about the HE that commands a 130K price tag in the used market?

For 130K I am getting a LC for 40K and Porsche 991 4S with the rest.
What exactly is the 2021 HE going to do the 15 LC can't do..? Heritage wheels?

It's not my money. people can do whatever they want. lol
same for porsche people who wants to pay 1million for a Singer. SMH.

Exactly.

 

[das100]

It’s the same people who wouldn’t be caught dead driving a 4S let alone a gt3 and need the RS car. My personal feeling is the people who are paying the funny money for delivery mile Heritage at this point are the same guys who pay big adm on low production cars because through the internet without having to do much work someone told them a heritage is a cool forever car…and then you end up with a guy with 8 cars parking it in his collection. The car has grown beyond Toyota fans to something completely different.

Translation, an emotional buyer will routinely spend beyond what the market says it should support…and we have a lot of platforms that promote bidding with your and not your .

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Purchase history of winning bidder from 2/18. His second heritage, both of which will likely pass through his estate having barely been driven. Pretty funny to watch they way they turned into true collectibles from the guys with 8 figure car collections.

 

[Beachfront]

Seeing some cool rigs for sale in TX. I wonder how close to this price they'll get