Those were bad old days. The “Fall of 2008″ was a brutal, hopeless, and downright dire time in the American retail car market. Nobody was buying $50,000+ sports cars like this Lexus, and the few that could afford to were too busy watching their stock values sink like stones and their home values dive straight into the ass end of a 20 year time warp.
Posts By: Steven Lang
I usually have more fun with $5,000 cars than with $55,000 cars.
It’s not because I’m cheap. Well, let me rephrase that. I love investing in a quality vehicle, but in the world that is wholesale auctions, I rarely get to see them. You can find nearly anything at the auctions that has been traded-in, repossessed or not picked up at the end of it’s lease. What you can’t find are the keepers.
Toyota imported only a bit over 5,000 of these IS F sports sedans from 2008 thru 2014. The number brought to auction so far in 2015? 35. Annualized, that’s less than a 1.5% turnover rate in a business where anywhere from 20% to 60% of late model vehicles will revisit ‘wholesale heaven’ before getting shucked back into a retail dealership.
After a week and change behind the wheel of this 2014 Lexus IS F, I finally figured out why you see so few of these vehicles at the auctions. It’s the one missing ingredient that nearly every enthusiast publication glosses over when they review any high-end sports car.
The real world ownership experience.
This August, we will have a 23-year-old German au pair coming to live with us. She will be taking care of our three boys – ages 6, 4, and 1. I am looking for transportation for said au pair that fulfills the following criteria:
Introducing a brand new column at TTAC: The Ultimate Fit, where you get to figure out the unfortunate souls who would best fit for the rolling relics of the used car world.
Let’s take this 15 year old, 3-door Chrysler minivan with only 59,000 original miles. Better yet, you take it and try to find the perfect buyer.
That moment you realize the oldest car in the parking lot is yours.
Yeah, I just had that moment.
The car in question is a 2001 Honda Accord EX. Four-door. Five-speed. A dodo bird of a used car stuck in today’s finance driven market. I walked around the parking lot you see above trying to find one vehicle, any vehicle, that’s as old as mine.
The blue ’05-ish Caravan on the bottom left came a bit close, but it didn’t happen. Instead, everything else seemed to be on the younger side of the curve, the overwhelming majority of vehicles sold new at a later time in history.
About a third of the questions I get from readers center around one issue: euthanasia in the car world, or what I like to call “automotive decrapitation”.
In other words, when is it the right time to recycle an old car and transform it into a cheap Chinese washer and dryer?
I have been trying to find a Lexus GX470 for several months now. Either a 2012 or a 2013.
What I have found is that these vehicles simply don’t exist here in Tennessee.
I have gone through every Lexus dealer in the state, along with a few others that are out of state. I can’t find a GX anywhere.
So I thought that maybe I should try to look at a Toyota Sequoia, or maybe even a Toyota Tundra instead. I have found a few of these vehicles at the dealerships, but the prices are stupid high, and I just can’t justify paying what they want me to pay.
I am a cash customer, and I don’t think I’m too picky when it comes to cars. What I wanted to ask you is whether you can actually find a good deal on a late model GX at the auctions.
My brother-in-law’s 1997 Honda Civic took a vacation recently, and it only cost me about $700.
If there is a hell, you will probably find it on Craigslist.
Well, I nearly died today.
I was driving on a winding one lane road, when a silver mid-2000’s Dodge Ram Club Cab broke through the double yellow, and swerved halfway into my lane.
My car was a 7 year old Toyota Corolla, and if it weren’t for a last split-second swerve, I would have been dead. No question about it.