Lexus LS 3rd Gen

The third-generation Lexus LS, known as the LS 430, ran from 2001 to 2006 and solidified Lexus's reputation for building world-class luxury sedans. Powered by the incredibly smooth 4.3-liter 3UZ-FE V8, it was engineered with a focus on silence, comfort, and long-term durability that challenged its German rivals. A significant update for 2004 introduced a 6-speed automatic transmission, updated styling, and advanced features like radar-guided cruise control, further refining the package.

Collectors prize the LS 430 as a high-water mark for Toyota's cost-no-object engineering. It represents an era before features were de-contented, and the build quality is immediately apparent. The post-facelift (2004-2006) cars with the Ultra Luxury package are the most sought-after, offering amenities like air suspension and massaging rear seats that were rare for the time.

The market for the LS 430 is two-tiered. A large supply of high-mileage daily drivers keeps prices low, offering immense value. At the same time, exceptionally low-mileage and well-maintained examples have gained a following, with prices climbing steadily. These pristine cars, often selling for over $30,000, show a growing appreciation for the model's unique place in automotive history.

Prices range from under $10,000 for daily-driven examples to over $60,000 for pristine, low-mileage collector cars.