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Old 08-10-2010, 09:37 AM   #1
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Thumbs down Seriously, it's just a Lexus.

Lexus has changed its mind on the LF-A. Now, besides just leasing the LF-A, it is possible to buy the overpriced Lexus exotic, but buyers have to sign stipulations that they cannot resell the car without first allowing Lexus to buy the car for retail or market value.

What is so reckless about this is the arrogant assumption that the LF-A will rampantly grow past its MSRP of $375,000 after sale, especially given the obvious fact that better looking and better performing exotics are much cheaper and equally rare. Leftlane reported.

Discuss.
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Old 08-10-2010, 09:46 AM   #2
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Originally Posted by The_Blur View Post
Lexus has changed its mind on the LF-A. Now, besides just leasing the LF-A, it is possible to buy the overpriced Lexus exotic, but buyers have to sign stipulations that they cannot resell the car without first allowing Lexus to buy the car for retail or market value.

What is so reckless about this is the arrogant assumption that the LF-A will rampantly grow past its MSRP of $375,000 after sale, especially given the obvious fact that better looking and better performing exotics are much cheaper and equally rare. Leftlane reported.
Leftlane didn't actually report that 2nd part
Discuss.
My understanding is they sold out the entire 2011 MY even on the lease basis before the first LF-A tire touches the ground. So regardless of how you feel about them, somebody must want one bad enough to pay top dollar. And if you can pay $375k, you can pay $475k. It's just sort of a meh story.
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Old 08-10-2010, 09:58 AM   #3
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My understanding is they sold out the entire 2011 MY even on the lease basis before the first LF-A tire touches the ground. So regardless of how you feel about them, somebody must want one bad enough to pay top dollar. And if you can pay $375k, you can pay $475k. It's just sort of a meh story.
Yes, like it or not, it sold out already, and people really want it. I know if I had that kind of money, I'd want it too. To each his own
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Old 08-10-2010, 10:09 AM   #4
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$375,000 LMFAO, but like was said people are wanting them. To each his own.
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Old 08-10-2010, 10:35 AM   #5
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Damn, I'm feeling good about just barely being able to afford my 2SS/RS at $36k.. It will take me 8 yrs to make $450,000 - which is just pocket change to some of our population.

Happy with what I've got (even though I'd like to be able to afford some mods)..
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Old 08-10-2010, 11:13 AM   #6
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It is a Car, once you have my cash, I OWN the car, I can burn it, wreck it, drive it, garage it, race it, paint it, modify it. Whatever ever I want. TO include SELL it.

So I am completely against this signed agreement that states that Lexus has first dibs on buying back first.

And for that reason alone, I wouldn't buy it (regardless of how rich I am) (which I am not, lol)
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Old 08-10-2010, 11:13 AM   #7
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yeah to people in the market for these cars... the price is irrelevant
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Old 08-10-2010, 11:15 AM   #8
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yeah to people in the market for these cars... the price is irrelevant
It isn't just that the price is so high. It is that Lexus thinks it will continue to grow in value despite mileage.
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Old 08-10-2010, 11:19 AM   #9
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It isn't just that the price is so high. It is that Lexus thinks it will continue to grow in value despite mileage.

true enough. it's pretty arrogant to assume you're building an automotive investment. Especially when it's your first crack at the market.

that said... someone will pay it, and someone else will buy it from them.
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Old 08-10-2010, 11:35 AM   #10
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It isn't just that the price is so high. It is that Lexus thinks it will continue to grow in value despite mileage.
I think they've already made the case that the value will grow as long as they keep supply low. Just google "lexus lf-a demand". No facepalm required. First rule of economics: an object's value is determined by what someone will pay for it, and people have already stated they would pay more.
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Old 08-10-2010, 12:36 PM   #11
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Originally Posted by wylde1 View Post
true enough. it's pretty arrogant to assume you're building an automotive investment. Especially when it's your first crack at the market.

that said... someone will pay it, and someone else will buy it from them.
That's exactly it! Lexus has no experience in high-end luxury products. They are trying to compete above the price of Lamborghini and have a slower, less attractive product.

Of course some rich idiot will buy it, but I can't imagine spending that much money and getting something so expensive with no exotic history behind it, no experience even building exotics, or knowing that something so much more recognized as elite is so much cheaper. Of course, every brand starts from nothing, so it is possible that the LF-A becomes a smash hit and establishes itself as a great exotic, but pricing it so high seems crazy to me. The arrogant assumption of this success by Lexus just baffles me.
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Old 08-10-2010, 12:52 PM   #12
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Quote:
Originally Posted by The_Blur View Post
Lexus has changed its mind on the LF-A. Now, besides just leasing the LF-A, it is possible to buy the overpriced Lexus exotic, but buyers have to sign stipulations that they cannot resell the car without first allowing Lexus to buy the car for retail or market value.

What is so reckless about this is the arrogant assumption that the LF-A will rampantly grow past its MSRP of $375,000 after sale, especially given the obvious fact that better looking and better performing exotics are much cheaper and equally rare. Leftlane reported.

Discuss.
Because the simple fact is this happens with EVERY high end exotic car. Rich boy A gets one, rich boy B HAS TO HAVE ONE so he calls daddy and gets one at any cost, well all are sold out... But I will sell you mine for $500k... waah I want it.... OK SOLD!

There are whole exotic broker businesses built around this. They buy up early runs of the new Lamborghinis, Aston Martins, etc and then then sell them for a big profit.

If you search the forum we had a good discussion about how this works a couple months ago too.
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Old 08-10-2010, 01:06 PM   #13
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If I had that kind of money.. I would buy it.. give it hell, and then when I get tired of it 3 days later and go buy another 500k car I would drive it to the lexus factory where they make it and set it on fire... dont care if its japan I have plenty money
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Old 08-10-2010, 04:10 PM   #14
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Something about a fool and his money....
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Old 08-10-2010, 04:35 PM   #15
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I'm +1'ing Rogue Leader. Rarity has it's own value at this level. There were 1011 billionaires in 2009 per Forbes so there must be 100,000 multi-millionaires who can plop this cash down just to be the only guy who shows up at the country club with one.

I'd love to see the allocation by country.
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Old 08-10-2010, 07:06 PM   #16
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If that fool can drop 375k on a car without raising an eyebrow, He must be doing something right...

Exactly.
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Old 08-10-2010, 07:13 PM   #17
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Quote:
Originally Posted by EnvyTerra View Post
If that fool can drop 375k on a car without raising an eyebrow, He must be doing something right...
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Exactly.
Not really. There are a idiots born billionares all the time.



But I'm just glad I got mine reserved.



Or was that my Bentley???
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Old 08-10-2010, 08:13 PM   #18
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For $375,000 I'm getting a Ferrari 458 for the weekends...



AND an Aston Martin V8 Vantage to drive during the week.



Keep your Toyota.
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Old 08-10-2010, 11:28 PM   #19
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For $375,000 I'm getting a Ferrari 458 for the weekends...



AND an Aston Martin V8 Vantage to drive during the week.



Keep your Toyota.


Perfect example.... good luck getting a 458 Italia at its base price ($231k) right now. Theres a waiting list 2 years long on it. If you want one NOW, broker + price premium it is.
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Old 08-11-2010, 09:54 AM   #20
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Originally Posted by Rogue Leader View Post
Perfect example.... good luck getting a 458 Italia at its base price ($231k) right now. Theres a waiting list 2 years long on it. If you want one NOW, broker + price premium it is.
Damn you and your logic Rogue Leader .

Don't get me wrong, there are 100 cars I'd prefer to the Lexus, but I'm sure the Sultan of Brunei will need to pick up half a dozen to fill up that floor space:

http://www.facebook.com/video/video.php?v=1374868855859

Jay who?
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Old 08-11-2010, 11:23 AM   #21
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Seriously, it's just a Rolex...

Seriously, it's just Swarovski...

Seriously, it's just Ralph Lauren...

Seriously...this is very old news...
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