Should I buy?

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H

Hokie24

Joined
Mar 16, 2020
Threads
1
Messages
7
Location
Houston, TX
Hello all. I'm looking to buy an LC and found one I would like some opinions on. This is a 2011 with 246K miles, they are asking $21,000. While I know the price is good, I'm just concerned to purchase a vehicle with this many miles as my daily driver. I appreciate any feedback I can get.
 
I daily drive at 224K. Just like new. Of course, I've done a lot of periodic maintenance and my rig isn't stock anymore, but I don't worry about reliability at all.
 
It seems the only thing people really worry about with that many miles is rust. Seeing you’re in Texas I wouldn’t imagine it’s an issue.
 
@Hokie24 there is a completed sales price list over in the classified section
 
Hokie24 said:
Hello all. I'm looking to buy an LC and found one I would like some opinions on. This is a 2011 with 246K miles, they are asking $21,000. While I know the price is good, I'm just concerned to purchase a vehicle with this many miles as my daily driver. I appreciate any feedback I can get.
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You've left out the critical part......has it had good maintenance?
 
Hokie24 said:
Based on the Carfax, it was serviced routinely and all at the same dealership. The same dealership that it’s at now.
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That can’t be a bad thing.

Though I’m with ckkone... if it were me I’d like to be closer to the $18k mark.
 
Hokie24 said:
Can anyone buy from auctions?
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NOPE! Dealers Only. Unless you know someone with a Dealer/Broker License, you can't access them. It's not open to the Public. Brokers usually charge a small fee, which usually still saves you at a minimum $3-4K on a vehicle. More on higher-end cars.

*Cough,Cough*... I know someone that has one and has been buying special order for Clients the last 3 years.. *Cough,Cough*
 
Word to the wise. Don’t buy it if it’s coming from an auction. Car dealers retail cars to make profit. Then more profit in finance, Then more profit on parts/service. If they are auctioning a car; that’s because there is a reason to pass on four revenue streams. It’s junk 99% of the time. If you see auction on a CARFAX. Pass. The money you save will be ate up in recon costs and other unknowns.
 
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Eric Sarjeant said:
Word to the wise. Don’t buy it if it’s coming from an auction. Car dealers retail cars to make profit. Then more profit in finance, Then more profit on service/service. If they are auctioning a car; that’s because there is a reason to pass on four revenue streams. It’s junk 99% of the time. If you see auction on a CARFAX. Pass. The money you save will be ate up in recon costs and other unknowns.
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This LC was originally purchased from this dealer, serviced by the same dealer since 2011 and now listed with them again. The salesman said they normally send cars with this many miles to auction but due to how good of condition this is in they didn’t. Any confidence I should have with that?
 
Hokie24 said:
This LC was originally purchased from this dealer, serviced by the same dealer since 2011 and now listed with them again. The salesman said they normally send cars with this many miles to auction but due to how good of condition this is in they didn’t. Any confidence I should have with that?
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It might be in decent shape but it is a little overpriced for the number of miles it has. Unless you desperately need one, I would keep looking.
 
Eric Sarjeant said:
Word to the wise. Don’t buy it if it’s coming from an auction. Car dealers retail cars to make profit. Then more profit in finance, Then more profit on service/service. If they are auctioning a car; that’s because there is a reason to pass on four revenue streams. It’s junk 99% of the time. If you see auction on a CARFAX. Pass. The money you save will be ate up in recon costs and other unknowns.
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I agree with this in part... How about those LC's that get traded in on the new (INSERT HIGH END DEALER HERE), and the Dealer is not wanting to sell a Toyota?

I bought my first LC from a Chevrolet Dealer that sold Corvettes, as the seller wanted his wife to get a sports car. Some Dealers don't have the way to CERTIFY a high-end vehicle like the LC200, they'd rather sell it as a fresh trade. Win some, loose some. Since they paid the seller rough trade in price and made that money on the NEW CAR.

Not all cars at auction are JUNK..
 
lasalsa said:
I agree with this in part... How about those LC's that get traded in on the new (INSERT HIGH END DEALER HERE), and the Dealer is not wanting to sell a Toyota?

I bought my first LC from a Chevrolet Dealer that sold Corvettes, as the seller wanted his wife to get a sports car. Some Dealers don't have the way to CERTIFY a high-end vehicle like the LC200, they'd rather sell it as a fresh trade. Win some, loose some. Since they paid the seller rough trade in price and made that money on the NEW CAR.

Not all cars at auction are JUNK..
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I didn’t say they are all junk. Just 99%. That leaves 1% that are good. No dealer would pass on a Land Cruiser. For a quick $500 wholesale profit. If you see a Land Cruiser at an auction, it’s got frame rust, guaranteed.
 
getting back the the thread title, $21k really isn’t a bad price retail IMO. I wouldn’t say it’s to the deal of a lifetime, but I don’t think you can go wrong if you had to sell it, assuming the frame is solid. There are so few 200s in that price range, you can’t really use the books, it’s worth what someone is willing to pay for it. If you don’t, someone will.
 
If you have time you might want to wait. I have a feeling all assets including vehicles will be dropping in price. Nobody is out car shopping right now. It is like a ghost town in Austin right now unless the store sells groceries.
 
99Cruiser said:
If you have time you might want to wait. I have a feeling all assets including vehicles will be dropping in price. Nobody is out car shopping right now. It is like a ghost town in Austin right now unless the store sells groceries.
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I respectfully disagree. From my experience (9/11 and 2008) When the economy goes to s***, used car value go up (because many people who need cars can’t afford new ones). But 200’s are not necessarily trending with the average used car market as a whole.
 
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