Opinions/Input on HE Purchase
- Thread starter Specialeyes
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Sure is fun helping others spend money! My vote is the 2020 with 25K miles. 25K miles is not relevant in the grand scheme of things and the $116 price on the 2021 to me just isn't a good use of money, even if you have it. I agree with @CharlieS that dealers will tell you anything to get a sale and if you can't verify accident damage I'd skip that one.
Give the guys at RMR a call. I have bought from them in the past with zero drama. They have some good 200s.
- Thread starter
- #24
Looks like I was about 4 weeks too late.
And you’re certain you don’t want an LX600?
I’d get the cheapest one inspected first. If everything checks out, it’s already had the wrapper taken off so to speak and won’t feel overly precious. And you save some big coin.
My two cents.
I’d get the cheapest one inspected first. If everything checks out, it’s already had the wrapper taken off so to speak and won’t feel overly precious. And you save some big coin.
My two cents.
While I do agree with your point of paying over retail while new, I'm not sure the same holds true for used, particularly discontinued vehicle.
Do I wish I could go back to 1994 and buy a few more Supras when they were $50k new when they're selling for $150-200k+ now, sure... but its not going to happen.
Thus, its silly to compare the price of a new one then vs a used one now. Especially a sought after vehicle that was sold in relatively low numbers and has a big following.
It's vehicles like this that are slow sellers when new then skyrocket in value (or have a strong hold) on the used market, and the LC was already good at this...
That said, personally I'd take the black HE with 25k miles for $98k assuming the history and PPI checks out.
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I paid around that for my 2020 HE with 20k miles and I have no buyers remorse whatsoever. Go for the 2020 with 25k miles, you can also purchase a nicely priced extended warranty from a few dealers mentioned on this forum. I'd do it, you only live once and you know for sure that it'll hold its value.
I say wait 3-6 months if you can. I think the used car bubble is bursting as we speak. Also I don’t think in any way shape or form latter years 200’s will be collectors cars. My guess is any of these trucks will be $65-70K 6 months to a year from now. But just my 0.02 and I’m likely wrong on at least some of it.
Serious question based on half-baked "gut feelings"..
Any thoughts on whether "special" vehicles such as this will be later to the bubble bursting party than the zillions of F150s and econoturds?
I’d keep looking unless they can provide documentation. It exists very fishy to say it doesn’t.
Here is a 21 HE w/ 45K and they want $94K. My buddy bought his pre-built LC from them and I was about to do the same until I found my deal elsewhere.
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If you're going to keep it in a garage, drive it once in a while, and value having the nicest cleanest one you can find, buy the most expensive one. If you're going to drive it daily, take it places that it might get dirty or scratched, have a trusted shop check the bumper repair on the cheapest one and as long as it doesn't look like it got more than a respray, buy it and enjoy it. From behind the wheel, you won't notice a difference between the three.
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- #34
That’s my concern. If I had to choose a side I’d bet on Cruiser prices staying relatively flat. Maybe a 10-15% drop. I don’t anticipate anymore appreciation in the next 6-12 months however either. Especially for HE’s because there are only 2400 of them out there and no additional coming our way anytime soon.
My current 4Runner on the other hand…
I know some think a used car bubble is coming and I would tend to agree but I’m reminded when I drive by my local BMW, Merc, Toyota, Lexus, etc. and see almost no new cars available and used car inventory looks pretty low as well. I am not sure we will see 200’s dropping in price much. The increase in rates have slowed sales and with the lack of inventory, people are just hanging onto to what they have longer. When my 200 was getting it’s service last week, they had zero new vehicles that weren’t already sold. Also keep in mind, Florida hurricane wiped out thousands of cars that need to be replaced. Bad timing for an already stressed inventory of cars. All those homes and infrastructure needing to be rebuilt will strain material goods. It’s all a chain reaction we will start to see in the next couple months. Just my .02That’s my concern. If I had to choose a side I’d bet on Cruiser prices staying relatively flat. Maybe a 10-15% drop. I don’t anticipate anymore appreciation in the next 6-12 months however either. Especially for HE’s because there are only 2400 of them out there and no additional coming our way anytime soon.
My current 4Runner on the other hand…
The premium on LC200’s, especially the HE, are not ever going to come down. Unless you find someone who doesn’t know what they have, like I did, but they are unicorns at this point. Most of them are finding their way to their forever home which takes even more money to separate.
Pick your poison: low miles or low cost.
Pick your poison: low miles or low cost.
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A car driven 30k after an accident probably doesn’t have much wrong with it, but it’s cheap and easy to get it inspected. If you plan to build and off-road than you’re going to get damage anyway, and Money saved up front is just gravy to get what you want in the build.
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People didn’t buy them when they were new. So the volume of buyers looking to pay a high price for a used one, no matter how nice, is low. The only reason asking prices are so high now is that it is next to impossible to get a new Toyota or Lexus anything in a reasonable time frame. When supply comes back all used vehicle prices, especially high priced vehicles like Land Cruisers, will rapidly readjust.That’s my concern. If I had to choose a side I’d bet on Cruiser prices staying relatively flat. Maybe a 10-15% drop. I don’t anticipate anymore appreciation in the next 6-12 months however either. Especially for HE’s because there are only 2400 of them out there and no additional coming our way anytime soon.
My current 4Runner on the other hand…
This is not an investment.
Like I said could be wrong. I’m more confident prices won’t go up. Probably should have said it more like prices are more likely to go down then up in the next ~6 months.
I’ve been pretty closely watching the national used car market for the last ~6 months. And everything including 200’s are not selling like they were.
I have a Rivian R1T reservation for the ~400 max battery, they keep calling me trying to get me to take a long range ~320 mile pack. I’ve somewhat considered a few scenarios: selling my ‘13 LX, this summer I could have sold it for >$70k. Getting the rivian and if the range isn’t enough flipping it to make a quick $20k. Also considered selling our 2018 Model 3 as last summer could have sold it for almost what I paid for it. Today my LX would go for more like $45k. This summer could have sold my Tesla for $50k now it would be more like $38k.
I just searched cars.com for 200’s 2015 and newer, there are 704 200’s (263 LC 441 LX). A search for 2018 and newer gets 514 200’s (218 LC, 287 LX). Heck 2020 and newer gets 246 (113 LC, 133 LX). There is a ton of inventory out there right now.
There were times last summer I would search 2013 and newer and get <100, I think the lowest I saw was in the 80’s for 200’s.
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Personally, I would not describe the Land Cruiser inventory as a "ton", in fact I would say its very low when compared to other SUVs, particularly for the US market in the luxury offroad segment.
Comparing those metrics to availability of 2015 or newer G-wagens, GX460s, etc... or pretty much any SUV. Chances are, there are significantly more of them for sale then a few hundred for 7-8 MY.
Also, I find it hard to believe that your '13 LX was worth $70k this summer and a few months later it's worth $45k. Either your LX wasn't worth $70k then or its not worth $45k now. What is the mileage on it?