But should you buy a Lexus LC500? | Depreciation and buying guide.
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- Опубліковано 9 чер 2024
- Buying a Lexus LC500? Then this is the video to watch. In this depreciation and buying guide of the Lexus LC500 I will show you the full depreciation curve, the depreciation per year and per 1000 miles driven. Furthermore, I show you what the forecasted prices are and how much the inspiration series goes over list.
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You can contact me at fourwheeltrader@gmail.com if you would like a personalized analysis.
The Lexus LC 500 isn’t the first the first car which crosses your mind when you think about cars with a naturally aspirated V8. Production numbers are low and in terms of sportiness it is no where near a 911. It does, however, excels in its own area: luxury cruising. Especially now the convertible is added to the 2021 line-up, there are only a few cars which are more suited for cross continental tour. But should you buy one in 2021?
In this video I show you how the LC500 values are developing and if 2021 is the year to purchase one. We start by covering the current market and this already shows something interesting. The are namely some convertibles and some inspiration series which are priced above MSRP. That’s quite unique for a lexus! After this we will have a look at the depreciation numbers. The depreciation per year and per 1000 miles reveal that there is not yet a bottom in the market. The curve start to flatten, but not enough to define the market as one that is bottoming. But is the current depreciate rate high or low? That we will find out by comparing it to some other cars. For the Ferrari California and the Porsche 911 Carrera S I will show you a one-to-one comparison of depreciation curves. I will also show how the LC500 ranks on the depreciation leader board.
Contents:
0:00 What makes the LC500 awesome
1:07 LC500 market and cars above MSRP
03:56 Depreciation per year & per 1000 miles
06:23 Price forecast
07:55 LC500 vs 911 Carrera S vs Ferrari California
09:30 Depreciation leaderboard
10:31 Conclusion
Disclaimer: The Content is for educational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this video constitutes a solicitation, recommendation, or endorsement to buy or sell any cars. The information published has been obtained from or is based on sources which are believed to be accurate and complete. Although reasonable care has been taken, the completeness and the accuracy of any information published cannot be guaranteed. Any opinions may be wrong and may change at any time. You should always carry out your own independent verification of facts and data before making any purchase decision - Авто та транспорт
The maintenance cost of an LC500 vs the other cars needs to be taken into account. The LC500 reliability is league's above the others.
I am one of those who has been trying to decide between this and a 911. Have decided the LC500 will be my next car :) thank you for the video!
Imagine being able to decide what luxury car you’d want. I hope I become successful!
comparing these two cars makes no sense. a luxur sportscar vs a luxury grand tourer. did you also have a Hybrid SUV in mind?
@@hazardeur no it’s always those two and the F-type dude
@@hazardeur you're right to an extent here... the 911 is comparable in the sense its a 2+2 and they're both luxury, flagship cars for their brand. The 911 is a major sportscar with a minor in GT, whereas the LC500 is the inverse. The LC500 is more comfortable to drive and a better "luxury ride" (+much longer wheelbase) whereas the 911 is a true sportscar and much more stiff ride (+short wheelbase) with a communicative steering feel. They're both in the same price range, so I get people comparing the two. Personally, I think the 911 is one of those cars that you buy, drive as a secondary and get bored of after 1-2 years and trade in for the next toy, whereas the LC500 is something that you can chill out in on a daily basis and would consider keeping long term. I'll acknowledge that the 911's interior is very modern and looks great, but the LC500 looks like a piece of art, inside and out. Also, your average woman is going to enjoy riding comfortably as passenger in the LC500 over a stiff Porsche any day of the week. If all you care about is spirited driving and performance, then the 911 is the obvious winner.
Did you get the LC? I’m actually debating between the two as well right now.
Regarding the 2018-2021 Lexus LC 500, it is worth noting that Lexus significantly changed the car’s suspension beginning in model year 2019 to improve the car’s ride quality with respect to harshness. The 2019 and newer LC 500 cars have a softer ride than the 2018 model. This is a well-known upgrade and could help explain why, 13 months ago when you posted this analysis, there will still two (2) 2018 LC 500 coupes for sale as NEW cars.
Thanks. Over here you can btw find the market update: ua-cam.com/video/0B-kQdZOQgc/v-deo.html
Would be great to get an updated look into the LC 500
Bought a 2018 because the 2019 and newer are selling for 15k or more. I don’t notice any harsh ride and the transmission is great. I drive it quite a bit and the reliability can’t be overstated. Such an awesome car.
I bought a 2018 with 15,000 Kms, and 6 months later, I couldn't be happier! Thanks for this.
Is the ride harsh?
@@JonnyBeoulve I also have a 2018 and no, ride is not harsh. In Eco Mode, it feels like a Camry and in Sport+, I would call it firm but definitely not harsh. It's got that smooth and quiet Lexus ride, but it feels connected to the road.
@@richardhunting718 I rented the LC500 a couple months ago. Absolutely loved the car!
Your super clear and well presented graphics has really been honed down to a concise visual artform! Keep up the great work.
Thank you for an excellent take on the LC 500! They are very rare cars here in Europe indeed. I have never seen one on the road. I bough one in Sport+ spec, the alternative I considered was an older 991.2.
why you didnt get 911?
More recent market update: ua-cam.com/video/0B-kQdZOQgc/v-deo.html
*Which car would you like to see analysed next*?
Tesla Model 3 Performance and Long Range ;)
A Porsche 2021 Targa 4S
Lotus Elise or Lotus Evora - The evora has different levels
Audi TTRS (2019) thanks 😊
E63s would be nice ; )
I ended up buying an LC, I paid 64k and the car had 29k miles on it. 2018 , certified from Lexus. Thank you for your videos. Original msrp was 105k on the car.
Congrats with you new car!
@@fourwheeltrader it’s really unbelievable, best car I have ever owned!
How’s your maintenance etc so far? $$
@@davidhuang9011 I ended up trading the car in. I loved it, but you asked the right question. I knew that tires would be expensive, but I was hoping I would get more than 10k miles out of a set, brakes too. I did not drive this car hard at all! 4K dollars for tires and brakes after 10k miles. There was no way I wanted to keep doing that! Got a 2022 Lexus rx 350 for my wife and walked out with 15k dollars. I miss her, but damn maintenance was expensive!
@@17forever64 this is all I needed to know that this car is out of my range with the maintenance lol
Thanks for this excellent analysis. Been very interested in this car and your depreciation review makes my decision clear.
Amazing man. Just found you and so much value in the first 3 mins. Like and sub instantly
Great analysis and very helpful
Thank you for responding to my request. Excellent analysis! It may make sense to consider a ‘high mileage’ example of this car. Toyota/Lexus products are known for long life.
Overlive most of us :)
Great Work! Very Appreciated!!!
Sooooo good!!! I have a 2018 LC 500 with 40,024 miles and am considering selling it because of the high miles and it's a seller's market. This video is incredibly helpful in determining the value of my car.
A great guide - thank you!
What an excellent video, Thank you
great vid!!! super useful
EXCELLENT detailed analysis with an understandable explanation of depreciation and residuals for Lexus lc500. Loved the colored charts and graphs including 100s of other makes and models and then specifically comparing the 911 and Ferrari with the LC500 !
PLEASE analyze the new flagship BMW M8 convertible which now directly competes with the 2020 convertible Lexus LC500 in the US.
LOOOL. a M8 will never compete with a LC500. never ever. not in price, not in performance (especially), not in purpose, not in anything other than both being cars. one is a autobahn racer than can be tracked with some upgrades and has insane performance, the other is a backroads cruiser lol
Probably the most beautiful call on the street. It’s stunning, looks out of the work spaceship like
Shame we can't see a comparison of the LC versus its European rivals in terms of reliability and maintenance cost. Can't beat the Japanese. Gorgeous car.
I have a 2018 low miles the car is very unique. People come up to me every day wanting to know what it is, others know it’s a Lexus because of the grill but have never seen one on the road.
I 👍 every one I see in my is350😅 work of art on wheels
Great stuff! Can you do McLaren MP4-12c and Aston Martin Vanquish 2014-2020
A hugely underrated car! Great analysis. Long term you know the quality of Lexus manufacture will make them very reliable and cost effective vs competitors. Also, the naturally aspirated V8 will be relatively rare. Really only their infotainment seems to let them down - assuming you appreciate their very Japanese design, which I do.
Since the hybrid models represent only 25% of all LC models sold, they are much more rare compared to the V8 models, which can get only 6-15 miles per gallon in aggressive city driving. By comparison, the LC500h averages 30 MPG - a very large efficiency jump.
That was an outstanding analysis. Thanks so much. Any chance of a refresh of this analysis now that three years has passed?
Thanks. You can find a refresh in this video: ua-cam.com/video/kP4NDFUm0DE/v-deo.htmlsi=0xz_rLMvr8vW6q8j
@@fourwheeltrader My friend, that update was so good! As an engineer with an NBA in finance, your channel so enjoyable for me. All the best
The first inspiration series with the white and blue interior was sold for over a million dollar in an auction in america
Thank you! I'll wait another 2 years to buy one ;)
Same thing I said but I'm getting one for sure.
Im definitely gonna buy it
Do Audi TTRS (2019 preferably) thanks 😊
Would be great to see the same comparison for the Spyder. Or do you feel similar to GT4 ?
Thank you !
Could you please do an analysis for the hybrid version of this car?
Please do one for the New Toyota Supra. Great job by the way!
Can you do a study on a 2021 Porsche Targa 4S ?
Thank you
Please make one of the F12/F13/F06 BMW M6, as I'm considering moving it from a F13 M6 to a 2018 LC500 !
im still gonna purchase this year
Can you do an analysis on Lexus LX570 please
Fantastic review, but would you do one for the hybrid version too please? 🙏🏼
Thank you! ;)
Can you do one on the second generation toyota century as they have started appreciating in price
Can you do a video on the Nissan GTR? Specifically '17+ ....I own one and prices have been crazy. Keep or sell? I am also in Germany. But USA and Germany have seen similar increases.
Over the last three years it has lost some of its value, but it still is great in terms of mileages and conditions on most used car sites. I think it’s an interesting investment.
WHAT ABOUT THE DEPRECIATION OF THE MERCEDES BENZ S CLASS W222 , Restyled 2018-2020 year make ??
Keep in mind that Android Auto only arrived on the 2021 (and later) LC500s. Could be a deal breaker for most when it comes to older models (even if they'll take a larger depreciation hit). Also, the 2021, 2022, and 2023 models received minor suspension upgrades, making them more pliable and less harsh.
RC-F study please.
Could you do the E63S W213?
Can you do M850 and BMW 840? Since it's similar price of LC500 now
We need an update for this
I love the looks of the LC500 and the LS500 but when I sent a few example VINs to my insurance I found out the LS500, built on the same GA-L platform as the LC500 costs 2X more to insure than a LC500. In fact the insurance for the LS500 was so high it was only $15/mo USD less to insure than a brand new 992 Turbo S Porsche. Due to that I dropped my love for staying with lexus and am now looking to get back into owning germ cars, first and foremost Porsche.
Of the 28 auto companies ranked by Consumer Reports for reliability in a 2022 magazine issue, Lexus ranks #1, whereas Porsche ranks #13. Tesla ranks #27, so at least your Porsche should be more reliable than half of the companies on the list.
Awesome!!
How about an analysis on the toyota Landcruiser?? Please?? :)
Coming up in the next couple of months
5:30 Yeah, that curve makes absolutely no sense on the high end...
That's like saying; I'm going to get an LC500, drive it into the ground and get far more for it than the price I originally bought it for. So I don't understand why that curve would even include any possibilities where there price was higher than the MSRP.
That said, I do appreciate the rest of the information provided in this video
Echt een super geile auto.
Can you do one for BMW g29 M40i😮
Hey I love your videos ! I am looking at a 2018 LC 500 certified with 31k miles. All of the certified cars in my price range are bunched between 62k and 70k. The 62k dollar car has 71k miles on it. The sticker on the car I’m looking at was 105k in 2018, it has all of the packages and options available. Rear steering etc. based on your chart, the car is worth 59,695.00. Lexus does not like to negotiate on their certified cars. Would the 59k number be correct? That’s almost 10k off from what they are asking. What is the price premium for a certified car?
What did you end up paying for your LC 500? Given this is currently a seller's market due to the cargo crates stuck at port, I may sell mine without a dealer. I have 40,024 miles and won't take less than $69K. Carmax offered me $60K.
@@FearlessQuery21 helllo, I bought a certified , 2018, I guess it was bout 7 months ago. It had all the options and sold for 105k new. It had 31k miles on it when I got it. I paid 62k cash for it. They were asking 69’k. I got really lucky , bought it right before prices went crazy and this car sat on the lot for 3 months and they were getting ready to send it to auction. You should sell your car yourself. My car is worth the mid 70k now on trade in value, it’s crazy right now. I don’t know what your options are on your car, but you should be able to get top dollar for it. My car has 41k miles on it now and I, keeping it.
@@17forever64 Thank you; this is sooo helpful. I have all the bells and whistles as well and just spent $4K on new breaks and tires so I wouldn't sell it for less than $70K I bought my 2018 in May 2020. It sat on the lot for 8 months in North Carolina before I bought it ($60K) with 28k miles. So I have put 12k miles on my car in 18 months. Hmmmm... It may not be a good idea to sell if I'm factoring in purchasing another less prestigious vehicle. Well, thank you again! 😍🤟🏽
@@FearlessQuery21 Side note: The LC500h, like most other hybrids have regenerative braking which means expensive brake replacements are not necessary for 100,000 miles or more. And with gas prices still very high, the hybrid is very attractive to those who love to drive, often. I am tempted to look at these, whether new or used.
Keep it up
So a LC500 from 2017 with the „Launch Edition“ (500pieces) is an investment for future
The Mercedes’ SLS VALUES appear to be moving. Can you do Analysis.?
Please do a GTR video!! It’s a car that is bought used a ton. What year is the best to buy to avoid depreciation? 2015 maybe?
There is a very old GTR video on my channel. It indeed could use an update :)
You said something about updates being minor but how much more will it be if there was a bigger update?
Depends on the update. See for example the difference between the 997.1 and 997.2, 991.1 and 991.2 etc.
LC500H please!
I just got a 2018 for 65K with 25k miles, it has all options except the performance package. Waiting for delivery. I think I got a great deal lol
How are you liking it so far???
@@bluecrimson6841 so far so good! Coming from someone who had a f type, I felt it was kinda not pulling the same level of g as the ftype when accelerating but after few weeks I truly understood that there is more to a sport car than just acceleration. I am happy driving it at all times, the cockpit is an excellent place to be at especially when you drive long hours in it. I drove it from San Francisco to San Diego recently and I couldn't ask for a better gt car it. It does an excellent job as a luxury gt car.
Are these guides relevant to EU markets?
How about 2015-2019 Lexus RC F. They're also normally aspirated V8 & rear wheel drive 👍
Audi TT, TTS and TTRS please
2017-NSX analysis
Super!!
Nice work with these videos! It would be even more interesting if you could see removed ads only with an actual change of owner, combined with days for sale.
Not sure of data availability, it’s available in some markets at least. It would show more reliable data, a vehicle trading within a week would be likely to have a very small negotionable price deduction.
Also, 993 Carreras would be nice to see analysed 🥸
Thanks for a really interesting channel, keep up the excellent work 💪🏻
That would be very interesting indeed. Unfortunately, i don't think that the data is available.
Please do the rcf, I’d like to know if I should hold on to mine or sell it
r8 v10 and v10 plus 2017 plz
They are already covered on the channel ;)
2018 LC 500's suspension is to harsh and rough, refined for 20 and 21
the 2018 doesn't even have a harsh ride if you have ever driven one lol. Which I doubt since you call it rough. it has some upgrades on the unsprung weight and damping, thats it. You could do that by yourself lol.
@@joelstatosky1817 Many people believe the Tesla Model 3 ride is not rough but compared to other EVs, it is rough and allows too much road noise. The 2018 LC500 and 500h are noticeably more firm than newer models but if you are used to Tesla Model 3s, you probably wouldn't mind.
2018 LC 500 with 45k miles on it.
As the owner of a healthy, 1992 SC400 that still runs like it's brand new, all this talk makes me soooooo happy that I live outside of all this. hahaha
My car APPRECIATES in value each year, and since I do my own work, oil changes cost me $20 each time, with full synthetic oil, and a Denso filter. Insurance is cheap, and my car will run forever. I still enjoy all the joy of Lexus ownership, and my monthly car payment $0.00 per month. I'm freeeeeeeeee!!! Hahaha
The fact that my car is the mechanical twin of the MKIV Supra, is just an added bonus. hahahaha
Unfortunately, I am seeing older Lexus model owners having trouble finding parts that are no longer sold by dealerships. This tends to accelerate depreciation values of these 30+ year old Lexus and Toyota vehicles.
Great car for its time - I had one too. But don’t flatter yourself .. that car is nowhere near the quality and performance of the LC500. End of story.
@@bentleygucci Everyone is entitled to their opinion, and I respect yours, even if I don't agree with it.
2019 fixed some issues from 2018 like a clunky transmission and improved ride quality. Also 2019 has apple car play
My 18 has car play. You just go to dealer and they’ll install it free 👍🏼
Newer models have Android Auto as well.
@@davepaturno4290 lol people still use android phones?
@@paladin3116 According to StatCounter, in 2020, Android owned 71.93% of the worldwide mobile operating system market share while iOS took 27.47%.
So yes, Android dominates cell phone operating software.
Lc500h please
Bought a 500h 2018 with 39000 km for 68000€ including 36 months guarantee
if you are looking to buy a LC500, get the 2019 model at least. The suspension/ride quality is much improved over 2018, worth the extra $.
Is there a list somewhere with these updates/ changes? Can't seem to find it on Google/ Wikipedia..
@@tsaarno The two major differences is the 2019 model year adjusted the auto shift points for the automatic transmission and also softened the suspension to make it more compliant.
Rolls Royce DAwn please!
Civic Type-R please
Civic is not a head turner...LC500 sure is.
I am not surprised the car costs $200,000. Its worth every dollar.
seriously! people who spend such amount of money won't even bother with such analysis when you are investing such amount you are rich and yes with Lexus it won't be as bad as the German cars but again if I spend that amount of money I will do because I will enjoy driving it simply as this else would invest in property :)
Not everyone thinks like you. Many people who spend this amount on a car care about residuals.
Subaru WRX next
This car is a gem. Well built reliable and beautiful. However with the EV market rising and Tesla coming with Plaid models it is a difficult decision to purchase a LC. Unlike a 911 Lexus are not known for selling over value even if the car is proven to be a classic. this LC is different, it's exotic and much easier and cost efficient to maintain unlike an aston martin or a or gt in this category. I'd rather invest in a 911 from a $ perspective. but if resale value was not a factor id pick the LC over a 911 base.
At this time, hybrids represent the best compromise between pure ICE and EV vehicles. You can fuel a hybrid within 5 minutes and find gas stations, everywhere.
@@davepaturno4290 hybrids are ALWAYS the worst compromise. they don't have the pure power and straight line performance as well as range and eco friendliness of an EV (while having the weight of one) and they don't have the sound, driving dynamics or range of an ICE.
@@hazardeur No, most hybrids like the very common Camry hybrid has a far superior range (compared to EVs and ICE vehicles) and fuel up much faster than any current EV. The added bonus is the number of gas stations in the US, which is many times more than that of charging stations.
The only advantage some EVs have is acceleration and certainly not quality and reliability, as per Consumer Reports, 2022.
@@davepaturno4290 dude with my diesel BMW, i can easily do 1k miles+. I have a camry hybrid every now and then as replacement and i can tell you that doesn't even come close to that range. they might have more range than a pure EV though. at least until the next gen comes up
@@hazardeur Ever since "dieselgate", the German auto companies and many here in the US have been abandoning diesels. Hybrids are cleaner and have far greater range than EVs. Perhaps when solid state batteries are economically feasible, and charging stations can "fuel up" in 5 minutes, adoption of EVs will accelerate in even colder climates, but for now, hybrids rule.
Price including taxes
USA: USD 120,000
Indonesia: USD 307,143 (IDR 4,300,000,000) 😂🙏
Counting in Billions is very common in Super Rich Indonesia :)
Im sorry guys but I'm waiting for lexus to bring back the wood veneer and elegant wooden steering wheel. I hate a leather steering wheel for it looks cheap and it stains easy. Plastic everywhere with high-tech screens will eventually be outdated. I think you can never go wrong with raw elements like metals and woods that never goes out of style.
If this LC500 had the elegant woods from the classic sc430 and a hard top too... It would be a hit with me.
Its really dangerous to add too much tech to people who just want to drive a car without worring if the race model mechanical changes... too much stuff to eventually stop working. Give me the body and a beautiful wood interior, with analog speedometer and im good.
Thank you! I'm looking to get a convertible.
I mean if you could afford the car you’ll just buy one if you’re worried about depreciation in a car you can’t afford it
There’s a difference between buying a car and being able to afford it
Update they have hit 60,000 in value with around 40k miles
Which websites show that price point?
@@Galactu5 Autotempest lol.
@@joelstatosky1817 2 years later and most cars are much over 60k, but yes there are a few that are below 60k.
Audi s5
Ford Mustang GT350
Jag Type F
NM I see you did couple of it already. Thanks.
Lamborghini Muricelago
LC500 are amazing cars but you're paying for luxury and reliability. Everyone wants it to be fast, it isn't. If you want a fast car buy one that people don't have to make excuses for when it comes to performance.
The 6 cylinder Supras are significantly faster but looks and interior are not nearly at the same level. Reliability remains to be seen.
You have no idea what you are talking about. The LC IS fast but not Porsche fast. Get your facts straight before commenting.
@@bentleygucci Who are to talking to?
Just shows you how little UA-cam wise worth. Just check used LC500 prices now in 2024.
Depreciated faster that it accelerates.
Just posted a market update video. Have a look: ua-cam.com/video/kP4NDFUm0DE/v-deo.html
11:33 Shows how little you know about the car. No disrespect you know more than me about value but taking the 18 over the 19 or 20 because of value and it not having big updates is not true. Sure the updates it had were all under the skin but those upgrades make the car. First and foremost ride quality. The 19 and 20 are vastly improved over 18, second the infotainment system for 19 getting apple car play, 20 getting android and no you cant get an update even if you take it in to the dealer. This is hardware. There are others but my point is the 20 and 21 are just better cars. If you are talking about buying this used just buy it new. This is not a car to save a buck. Go buy a Corolla.
Thanks for your feedback. That comment is based on several reviews which i read. There are hardly any LC500 around here so i can't speak from personal experiences. I will take the differences into account in the market update.
I am leaving more confused.
Why is that?
LOL
If you are buying a car by pound weight, the LC500 has no peer.
80k miles on Lexus IS nothing LOL
These cars are so boring! I see them all the time here in Florida! A F-Type R would be much faster and is overall a much better experience!
It's not a sports car. It is a luxury cruiser. Go buy a 911 turbo if luxury cars bore you.
Funny coming from someone that’s jealous because he can’t afford one. LMAO!!😂
The 2018 LC500 and LC500h vehicles were noticeably more stiffly sprung compared to newer models. Therefore, I would consider only 2019 and newer models. Other features were improved with newer models, also.