Lexus ES 3rd Gen

The third-generation Lexus ES 300 (XV20) launched in 1997, solidifying the brand's reputation for quiet luxury and exceptional reliability. Based on the Toyota Camry platform but with its own distinct sheet metal, it featured a smooth 3.0-liter 1MZ-FE V6 engine and a plush, isolated ride. A 1999 facelift introduced variable valve timing (VVT-i), boosting output to 210 hp, along with subtle styling updates. These cars represent a high point for Lexus's build quality before technology and designs became more complex.

Today's collectors appreciate the ES 300 for its durability and comfort. It's a car that delivers a premium ownership experience without the maintenance headaches and costs often associated with its European competitors. As a result, low-mileage, well-maintained examples are becoming increasingly sought-after by enthusiasts looking for a nostalgic and dependable daily driver or an easy-to-own modern classic.

The market for the XV20 ES is still very affordable, with an average transaction price under $9,000. This makes it an accessible entry point into classic Japanese luxury. The wide price spread reflects the vast difference between tired, high-mileage cars and pristine, low-mileage survivors, which are now pulling stronger prices from discerning buyers.

Based on 23 sales, prices range from $585 for project-quality cars to $17,250 for pristine, low-mileage examples.