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Reply to "135K for the Lexus LX700h"
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[quote=Anonymous][quote=Anonymous]Like all new vehicles, the depreciation is pretty extreme. Your $135,000 LX700h will be worth $80,000 in about a year. But I don't know anyone that's buying second hand commuting vehicles at that price point, so I suspect the value is a lot less. That's roughly $55,000 or more gone for a little commuting. And $55,000 gets you some really nice and memorable travel experiences. It depends on what your wife values. But I would take a years worth of $55,000 life and travel experiences over an overpriced commuter vehicle every day of the week. [/quote] The LX is a highly desirable car. Depreciation on it is much lower. I own an old one and it’d would still go for about 35k. There’s a 2023 LX600 with 17k miles for 93k on Carvana right now. The 700h is much nicer.[/quote]
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