I posted this on another Lexus forum, and wanted to know what you all thought as well prior to making a decision:
The car in question is the 1995-1997 model.
Anyways, this car would be replacing a 1993 Honda Accord SE with 192k miles. It's clean, runs well, great body/tires, and just had a complete brake job. It's never ever let us down. In other words, I'm in no rush to purchase another vehicle.
The LS in question is a 95-97, with about 120k miles on it. I talked the owner down to $3,500. Here's the quick breakdown:
good:
-same owner for the last 5 years, and previous to that, owned by his dad who had it since new
-engine/trans/interior are in good shape
-every gadget works
bad:
-has air shocks, and they seemed a bit soft - I'm a bit worried this will be a mess trying to fix
-needs a timing belt/h20 pump. If it goes, so does the top end of the engine - are we sure on this or is there still debate on the 95-97 LS400?
-needs brakes (they're not bad, but not as good as they should be)
-I'll probably change the tires
-has a few small cosmetic/paint issues due to spending time in the south, as well as small areas of dry leather - nothing serious, but with it being a Lexus I'll want to sort it out
I estimate all of the "bad" can be taken care of for $1,500-$2,000.
I did some negotiating, so for now $3,500 is the lowest he'll go, but I have a slight feeling there's a little more wiggle room.
Given the issues noted, do you guys/gals recommend I go for it? I realize I can get a 90-94 LS400 in better condition for $5k, and they have a non-interference engine, which I prefer, but I really like the styling of the 95-97 models, and clean "needs nothing" examples of these usually go for $7k.
Thanks for reading.