100k watch can actually appreciate with time, this definitely won't, but provide much much more fun.

 

Would I? No. Not in a million years. However that doesn't necessarily make his decision a stupid one.

The vast majority of cars are depreciating assets. Thus, to people who spend more than the bare minimum, they are simply toys and/or luxuries. I don't know what you drive, but unless it's a used Toyota Corolla... why did you spend that much money? Because something about that car appeals to you. Because it makes you happy, and because you thought it was justified.

In the same reason you ask why this dude spent 100K on his old Lexus. Well, according to the article:
Okay, we have to ask—why a Lexus IS?
Basically, the car’s styling was pleasing to my eye. I also like it because its handling can actually get my adrenaline pumping; it’s easy for the driver to be one with the car.


So, apparently, the old IS floats his boat. Does it float mine? No. Does it float yours? Apparently not. But then again, neither of us are dropping the money on it. He spent some amount of money (I presume a small percentage of his assets) on something he found entertaining. As with most forms of entertainment, of course it is a depreciating asset, but I don't think he thought of this as an investment.


As long as the owner has a reason for it, I don't think anyone has the right to tell him he made a stupid decision. In the same way that I don't have the right to tell you you're stupid for not buying a cheap Corolla instead. It would've still gotten you from point A to B wouldn't it?


Oh and by the way. Your initial statement was that it's the stupidest way to spend 100K. I would have to disagree. Perhaps burning it?

 

ha ha agreed. For the worst way to spend 100k I think we could also turn to John Daly for some advice

 

you got a wife? if you don't now, you'll later at some point. to the rest of us she might be just another broad, but can you put a price tag on her?

 

The engine bay is sick, I like it...

 

i own an is300 and i think its silly to invest $100k into it. but this $100k is after all expenses.. 3 different motors plus labor, 3 different body kits plus paint and labor.. the initial purchase price of the car, etc. Its not like he has $100k worth of new upgrades in it.

 

100K is definitely quite a lot, and I don't think I could ever spend that but I guess if you love the car that much it provides a fun hobby.

 

David has owned this IS for about 10years now. I remember all the way back to Area51 days in Irvine he had it supercharged. People dump money into cars thats a fact. I built a side business of the IS300 from 2001-2005 and it generated 7 figure revenue.

 

HIS car, HIS money, and none of YOUR business.

 

wow that looks mean !

 

I agree that it's his car, his money. But if asked, I'd say it was a waste of money. There are plenty of other much more deserving vehicles, that would benefit far more from $100k in upgrades. In my opinion, I'd rather take a Scion XB chop the roof and convert it to rear wheel drive. Drop a Blown Big Block V8 engine in front of the rear axle and say I spent $100k on that. But that's just me

 

I know that is crazy money, but because of the 2JZ the IS300 has the potential of Supra power numbers, 1000hp plus. It just takes quite a bit of money, but you get a sleeper four door luxury sedan with insane power!
Note: I am a IS300 owner

 

don't criticize a guy's woman and don't criticize his ride.

personally, i think the workmanship is outstanding.

 

By your logic if you buy a 100k+ E60 M5 that is a more stupifying a purchase because in 5 years it will have depreciated to a value less than what you can sell this lexus for. You had better get into the other forums quickly and start critisizing everyone who has purchased new. You're way behind!

 

oh man, how I wish that I could've responsed sooner so you wouldn't get flamed; it's hard to think outside the box when the editor simply sum up the full story (including the overall spending in this case), but here's the real math:

2001 IS300 @ Summer 2000 w/ dealer options = $36k out the door.
Estimate $20 a day, about $600/$620 a month or $7300 a year, is about $65700 after 9 years; and that totals up to $100k+ aftermath.

When the car was purchased in Summer of 2000, it was the current model (or advance model); Why automatic? Just to make a point.

And trust me, he's not a multi-millionaire and doesn't have "money to blow" like the way you think.

I'm sure that wouldn't be impossible, as he roams from 6speed to clublexus/my.is to vipstylecar and tons of other forums.

It's okay that you don't, because it's not an everyday IS to begin with.