Lexus LX 2nd Gen
Based on the legendary J100 Land Cruiser, the Lexus LX 470 combines bulletproof reliability with upscale luxury. It's a highly sought-after modern classic for its capability, comfort, and durability, with a market that prizes low-mileage, well-maintained examples.
Find one with Spotter →Typical sold price of a Lexus LX 2nd Gen ranges from $5,000 to $37,500, based on 1,342 sales tracked on Hypercars. 158 currently for sale.
Introduced in 1998, the second-generation Lexus LX 470 shared its rugged body-on-frame platform with the J100-series Toyota Land Cruiser. Lexus differentiated its version with a standard 4.7L 2UZ-FE V8 engine, a more opulent interior, and an advanced Adaptive Variable Suspension (AVS) with Adjustable Height Control (AHC). A 2003 facelift added a 5-speed automatic transmission and other refinements, and a final update for 2006 brought more power and features before the next generation arrived in 2008.
The LX 470's appeal comes from its unique blend of Toyota's proven reliability and true luxury appointments. It's one of the last examples of an over-engineered, go-anywhere SUV built without compromise. This makes it a favorite for both off-road enthusiasts building overland rigs and collectors seeking a comfortable, durable, and timelessly styled classic SUV. Low-mileage, well-documented examples are becoming increasingly difficult to find.
The market for the LX 470 is broad and highly dependent on condition and mileage. High-mileage examples under 200,000 miles serve as affordable and capable daily drivers or project bases. Conversely, pristine, sub-100,000-mile trucks, especially from the final 2006-2007 model years, command significant premiums, with exceptional examples selling for prices that rival much newer luxury SUVs.
Buying Tips
- The hydraulic Adjustable Height Control (AHC) system is complex and expensive to fix. Test all height settings and check for leaks or warning lights; many owners replace it with a conventional suspension.
- The 2UZ-FE V8 is an interference engine that requires a new timing belt and water pump every 90,000 miles. Insist on seeing service records proving this has been done.
- Thoroughly inspect the frame, radiator support, and suspension components for rust, especially on vehicles from northern climates.
- Check the front CV axles for torn boots. A clicking sound when turning indicates the CV joints are already worn and will need replacement.
- Look for cracks on the top of the dashboard, a common problem, and verify that all interior electronics are functioning correctly.
Prices range from around $5,250 for high-mileage examples to as much as $120,000 for exceptional, low-mileage collector-grade trucks.
1,342 Lexus LX 2nd Gen vehicles have been tracked across auctions and listings on Hypercars, with 158 currently live. Sold prices range from $1,000 to $123,456.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Lexus LX 2nd Gen cost?
Based on 1,342 sales tracked on Hypercars, Lexus LX 2nd Gen prices typically range from $5,000 to $37,500. There are 158 currently for sale.
How many Lexus LX 2nd Gen listings are for sale right now?
There are 158 Lexus LX 2nd Gen listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.