Ridiculously overpriced used cars

What is the 993 situation?
Everyone wants 993s so everything else (except 996s) goes up because no one can afford 993s anymore. In comparison everyone wants R34s and have already had years of steady diets of the already far more plentiful R33s and R32s so I think they will just continue fighting over R34s as they progressively become legal.
 
Would you pay nearly $150k for a 1993 Mustang SVT Cobra? This one is in showroom condition having just 34 miles.

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Would you pay nearly $150k for a 1993 Mustang SVT Cobra? This one is in showroom condition having just 34 miles.

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If I were in the market with silly money, for sure.
 
Would you pay nearly $150k for a 1993 Mustang SVT Cobra? This one is in showroom condition having just 34 miles.

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I wouldn’t call that stupidly overpriced, especially for the mileage and condition of it. Certainly a better value than most second-hand JDM cars from the era these days lol.
 
It is silly money for a '93 Mustang. But anything remotely interesting, and relatively old, on delivery mileage is always going for big money. It will no doubt stay deliver mileage and just sit in a collection. Its not a car any more, it's just part of someone's investment portfolio.
 
1990 Chevrolet Beretta pace car with 45 miles up for sale for almost $40,000

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@Tornado
Based on dubious sources, this car cost kind of a lot in 1990, around $17,000. Adjusted for inflation, that's around $41,000 in today's money. It's basically a new car...so...kind of a deal? :lol:

I do wonder who the hell bought a Beretta Pace car (and kept it for 35 years) with the idea of never driving it only for it to appreciate just a tick under the rate of inflation.
 
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So, you want a half million dollar Land Cruiser?

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That looks like an ad made by Tyrone Biggums.

This is what I’m dealing with here.
 
Knock a zero off that and it's still over market value. Wonder what the milage is?
Finding the listing, there's a picture of it at 1,353.3 miles.

Edit* Interesting enough, it's apparently, an Aussie example. Right hand drive, I think it still has its original Aussie plate? It's a yellow one with WA at the top, something I've found from one source that ran from 1978-1997. Still obviously overpriced, but this thing could be worth some genuine money if the mileage & originality is really there.
 
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I get the mileage is low on this particular one, but the modifications don't add to the value... $70k for a first model year GS F is just too much. Always wanted a GS F or IS F, but their prices are not great in the used market. Guess I'll have to settle for an RC F, which I get has been produced longer than the other two full F models. Just doesn't seem reasonable for me to "upgrade" from a GS350 to a GS F that's likely been abused... (For the price range I'd be looking at)

 
To me, the GS F just doesn’t look different enough to the IS F. I’d prefer the RC F or IS. The four door designs should be more distinct like the older GS and IS models.
 
I get the mileage is low on this particular one, but the modifications don't add to the value... $70k for a first model year GS F is just too much. Always wanted a GS F or IS F, but their prices are not great in the used market. Guess I'll have to settle for an RC F, which I get has been produced longer than the other two full F models. Just doesn't seem reasonable for me to "upgrade" from a GS350 to a GS F that's likely been abused... (For the price range I'd be looking at)

It is the mileage dictating the value. It’s pretty much an 8-year old performance car that’s done under 2,000 miles a year on average. And I’d guess the last few owners have been trying to flip it due to that.

It doesn’t help enthusiasts that GSF demand has increased a bit over the last few years now that the car is out of production & Lexus is stepping further away from V8s. I’ve been looking at one for myself & you shouldn’t have trouble finding one much cheaper, around $50-60k, probably even a little less with extra use.
 
I get the mileage is low on this particular one, but the modifications don't add to the value... $70k for a first model year GS F is just too much. Always wanted a GS F or IS F, but their prices are not great in the used market. Guess I'll have to settle for an RC F, which I get has been produced longer than the other two full F models. Just doesn't seem reasonable for me to "upgrade" from a GS350 to a GS F that's likely been abused... (For the price range I'd be looking at)

Wouldn't say it's ridiculously out of line due to similar models on Cars.com with 50-60k miles being offered for $40,000 all the way to $60,000. For example, this 2018 GS-F with 51k miles is selling for roughly $13,000 less than the GS-F you mentioned despite having similar options and even 1 minor accident. The reasons why I believe prices are rather high is because the production numbers were relatively small compared to the IS-F and RC-F. Another reason I believe has allowed the GS-F to maintain a relatively "high" value is because of it's ability to target a niche buyer who wants a somewhat reliable performance V8 4-door sedan because they don't want to deal with the bad-stigma that surrounds cars like BMW M5/M550is and Mercedes Benz E63s. If you look at Mercedes, their E63 wagons sell for about $5-10k more than their sedan counterparts. From my perspective, I think one of the RC-Fs main competitors is the C7 Corvette, whose buyers won't be switching to the RC-F anytime soon. As for the younger buyers, Lexus has a brand look that screams "I just retired!" which doesn't mix well with young college graduates who just landed their first job at a marketing firm.

All this said, the RC-F is a pretty good choice if you're not looking for the flashiest thing on the block.

Lexus GS-F production numbers (Courtesy of Club Lexus)
2016 - 1,418
2017 – 482
2018 – 294
2019 – 163
2020 – 127
 
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