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Take a look at what a good condition FJ40 or FJ60 goes for, and report back.
Didnt know OP is Johnathan Ward of ICON.
If you want to be serious about overlanding, and need a solid foundation the 8k premium on an LX is fine. You will also need to factor in, the aftermarket costs to install any additional kit.
If you want to be serious about overlanding, and need a solid foundation the 8k premium on an LX is fine. You will also need to factor in, the aftermarket costs to install any additional kit.
I thinks it’s high to be honest. I’ve seen people sell 03-06’s in this price range. Having all of that maintenance done is really nice for peace of mind. You wouldn’t have to worry about anything for a while. I would pay more for a well maintained LX.
Realistically the car is worth a lot less if it got traded in at a dealership. It seems that’s the only way to get a cheap one. A few of my friends I know in the car business scoop up LX’s pretty cheap. 100 Series Landcruiser/LX470’s hold their value really well.
I’m in the same position. I found a Texas based 2001 LX470 with around 140k miles...and they’re asking 12.5k. The Carfax shows a clean history with just services (both major and minor) being done. No major off cycle ad-hoc repairs, and the timing belt and water pump was just changed. All factory with no modifications.
I’m on the fence too...because it IS 20 years old and I wouldn’t be able to verify rust since it’s in a different city and I’d be getting it shipped.
I’m in the same position. I found a Texas based 2001 LX470 with around 140k miles...and they’re asking 12.5k. The Carfax shows a clean history with just services (both major and minor) being done. No major off cycle ad-hoc repairs, and the timing belt and water pump was just changed. All factory with no modifications.
I’m on the fence too...because it IS 20 years old and I wouldn’t be able to verify rust since it’s in a different city and I’d be getting it shipped.
Can you find a good indy shop and have a pre-purchase inspection done before it ships? Pictures are invaluable before purchase. If this is the first TB and H2O replacements, original owners are 50K past Toyota maintenance intervals. If it's the second R&R, they'd be 40K ahead and I'd wonder why. Front sway bar mounts to a-arms may have corrosion...make sure the underbody and engine covers are removed. Did I mention get some pic's?
Have you logged into the owners section on lexus.com, input the VIN, and checked all services performed or declined from date of first sale to the present. I might be concerned with flood damage, depending on where the truck was in TX.
so I looked through a nationwide search on Craigslist, Autotrader, FB marketplace, and Ebay. Since I can’t upload my excel spreadsheet...I’ll just provide conclusions.
The market pricing is inconsistent, and this seems due in part to sellers not being able to separate sentimentality with objectivity and buyers clinging onto beliefs that value should only come down to how old something is.
The trend for this generation tends to around 6-9 cents per mile in good and excellent condition. For example most of the 2000-2002 rigs that are in well maintained cosmetic condition with good maintenance history are easily into the pre to mid teens nationwide. But for 2000 specifically....I took a sample of 33 vehicles across the nation and based on mileage...from 130k to about 170k....the cost per mile is about 6 cents. From 180k to 200k it's 4-5 cents per mile. From that point on you're looking at the 2-3 cent per mile range. Keep in mind..."condition" has some variability. For me..."Excellent" condition is something with all maintenance done in timely fashion, no major damage externally or internally that required repairs, interior that is in good shape with no tears or cracks, with everything working and nothing missing. The car would have zero rust issues and drive the way it did new.
So while 12k is in the ballpark as far as market pricing is concerned across those years and a sample of 42, for MY2000 specifically they're probably a tad high. However...the “market” is the people. If you don’t think it’s worth that much then don’t pay it. If others agree, then it will swing that pendulum back and bring the costs down. But as long as the demand is there...these will continue to appreciate or maintain current values for well preserved examples of the 100 series.
Ok...so I looked through a nationwide search on Craigslist, Autotrader, FB marketplace, and Ebay. Since I can’t upload my excel spreadsheet...I’ll just provide conclusions.
The market pricing is inconsistent, and this seems due in part to sellers not being able to separate sentimentality with objectivity in the market and condition, and buyers clinging onto beliefs that value should only come down to how old something is.
The trend for this generation tends to around 6-9 cents per mile depending on condition. For example most of the 2000-2002 rigs that are in well maintained cosmetic condition with good maintenance history are easily into the pre to mid teens nationwide.
So 12k is in the ballpark as far as market pricing is concerned. However...the “market” is the people. If you don’t think it’s worth that much then don’t pay it. If others agree, then it will swing that pendulum back and bring the costs down. But as long as the demand is there...these will continue to appreciate or maintain current values for well preserved examples of the 100 series.
Sentimentality operates automatically if you appreciate your truck and what it can do, where can it take you and get you back with no surprises, and the good times you and family had in it. To me, objectivity suggests keeping a Series 100 and 200 with maintenance surprises, other than the airbag recall on the 200.
Lookers that believe value is based only on age are ignorant as to these series trucks holding their value over years and miles. Let's just ignore all classic vehicles, the Land Cruiser and LX are in that category. Like anything, if they're taken care of they'll keep going on.
P.S. I just picked up this one for 12.5K shipped to me. On the higher side, but it was in pristine condition across the board with low miles (and if we're talking lifespan of these engines still having 75% of it's minimum engine life)
I think it's very high, I recently purchased 2001 LX470 for $6,000, very good condition, 165k miles, front passenger seat was ripped but everything else is perfect on it.
"Normal logic" does not apply to Toyota body on frame 4x4 trucks.
compare the price of any used Tacoma, Tundra, 4runner to similar year mileage trucks and see the "Toyota tax" is real.
Why are 20 year old Ferrari 360 modena still 80k?
There is a strong following for land cruisers, the lc100 have actually been stable/increasing in value as the available stock keeps dwindling.
if you want a land cruiser cygnus (lx470) expect to pay a premium for one in good shape.
02-24-20, 04:28 PM
well i guess after Tyson Fury, might as well be eh?
