My 1999 LS400 came off lease in May, went on the auction block, became the property of a local Lexus dealer, and then became mine by the first week of June. I paid a bit more than I might have at a private sale, but got a much better interest rate than I might have on my own.
The warranty sounds great, there's only a very small exclusion list, and they state that you are to be treated the same as a new car buyer.
I get to test this next thursday, when it goes in for it's first appointment, I want the radio replaced because some of the lcd segments are missing, and I want the outside mirrors dimming to work. The first service writer and the salesman himself didn't even know the outside mirrors are electrochromic, so this'll probably be fun.
My car had 50,900 miles at purchase, so my effective warranty is 3 years/49,100 miles WCF. The first three years should be worry free? Or will they?
Bob