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a 1990 ls is 20 years old... why would you want a car so old?
Because, in most cases, that is the only way one can get an LS for $5,000. I agree, though, that it is a questionable purchase, for a number of reasons.
I would pick any Lexus from the last gen, I dunno if that falls into your budget but I think the build quality, fit & finish was better on the last run. Maybe a GS300 fits your requirements?