Lexus GS 2nd Gen
The second-generation Lexus GS paired distinctive Italian styling with legendary Japanese reliability, offering either a tunable 2JZ inline-6 or a powerful V8. It remains an affordable and desirable entry into late-90s luxury performance.
Find one with Spotter →Lexus GS 2nd Gen sold for a median of $12,000 over the last 12 months, based on 17 auction sales; the middle 50% sold between $6,100 and $15,500. 907 currently for sale.
The second-generation Lexus GS (S160) debuted for the 1998 model year, bringing a distinctive quad-headlight design penned by Italdesign Giugiaro. It directly challenged European rivals like the BMW 5 Series with a combination of luxury, performance, and legendary Toyota reliability. It was offered primarily as the GS 300 with the 3.0L 2JZ-GE inline-6, or the V8-powered GS 400 (and later, the GS 430) with the 1UZ-FE (and later, 3UZ-FE) engine.
Collectors appreciate the S160 for its durable engineering and clean, timeless styling. The GS 300 is particularly popular in the tuner community due to its 2JZ engine, which shares its basic architecture with the twin-turbo engine from the Supra Mk4. The V8 models, especially the early GS 400 with its 300 horsepower, are sought after for their smooth power delivery and status as comfortable, high-speed cruisers. Finding an unmodified, low-mileage example is becoming increasingly difficult.
The market for the second-gen GS is accessible but shows a wide spread based on condition and mileage. With an average sale price around $13,600, most cars trade for under $15,000. However, exceptional, well-documented examples have sold for over $25,000, showing that enthusiasts will pay a premium for the best cars. The high supply of modified or neglected cars keeps the entry point very low.
Buying Tips
- Check for worn lower ball joints on the front suspension, a common failure point that can be dangerous if ignored.
- Inspect the valve cover gaskets and camshaft seals for oil leaks, a frequent issue on both 2JZ and V8 engines.
- Verify the timing belt and water pump service has been completed, typically due every 90,000 miles.
- Test the infotainment screen for dead pixels or failure, as finding working replacements can be difficult.
- Look for a cracked dashboard and worn driver's seat bolsters, especially on cars from sunny climates.
Prices range from under $200 for project cars to over $27,000 for excellent, low-mileage examples.
2,515 Lexus GS 2nd Gen vehicles have been tracked across auctions and listings on Hypercars, with 907 currently live.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Lexus GS 2nd Gen cost?
Over the last 12 months, Lexus GS 2nd Gen sold for a median of $12,000 across 17 auction sales tracked on Hypercars; the middle 50% sold between $6,100 and $15,500. There are 907 currently for sale.
How many Lexus GS 2nd Gen listings are for sale right now?
There are 907 Lexus GS 2nd Gen listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.