✦ Shifty Estimate
$12,900
▼ 13.3% · 12 mo- 12 months median
- $13K
- Sales, 12 months
- 15
- Original MSRP
- $39,900 · ▼ 68% since
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1998 Lexus GS
1998 to 2005 · Sedan
Price history
Recent sales
15 sales
2001 · Millennium Silver Metallic · 65,200 mi · automatic2026-05-06 · AZJDMFAN$15,500
2000 · Cinnabar Pearl · 150,000 mi · automatic2026-03-02 · Auto_Alchemy_Florida$5,300
1998 · Diamond White Pearl · 198,600 mi · automatic2025-12-30 · snyderd22$15,750
2004 · Millennium Silver · 34,700 mi · automatic2025-12-18 · geslayer$13,355
1999 · Antique Bronze Mica · 120,900 mi · automatic2025-08-06 · PristineAuto$4,500
2003 · Millennium Silver · 146,900 mi · automatic2025-06-17 · pestovpvl$8,069.jpg?t=171708475125)
1999 · Alpine Silver Metallic · 121,000 mi · automatic2024-06-06 · longimotorsports$7,000.jpg?t=169152812488)
2000 · Burnished Gold Metallic · 62,600 mi · automatic2023-08-22 · antdeeb$10,300.jpg?t=169144333944)
1998 · Diamond White Pearl · 131,400 mi · automatic2023-08-18 · altezza77$9,200.jpg?t=169048024042)
2001 · Black · 54,000 mi · automatic2023-08-11 · mdouleh8$11,700.jpg?t=168090384649)
2004 · Millennium Silver · 66,500 mi · automatic2023-04-25 · israelzargarov$10,000.jpg?t=165827261541)
2003 · Crystal White Pearl · 108,800 mi · automatic2022-08-03 · AHugefanof036$9,100.jpg?t=164780402995)
2002 · Blue Onyx Pearl · 114,700 mi · automatic2022-04-01 · humblebee$12,700
2001 · Black Cherry Pearl · 21,000 mi · automatic2021-02-22 · Maoden99$9,500
1998 · Imperial Jade Mica · 91,500 mi · automatic2021-02-05 · itwontstopsnowin$8,800
Specifications
- Engine
- Inline-6, 3.0L
- Power
- 225 hp
- Torque
- 220 lb-ft
- 0 to 60
- 8.4s
- Top speed
- 144 mph
- Transmission
- Automatic
- Drivetrain
- RWD
- Original MSRP
- $39,900
Common questions
How much does a Lexus GS cost?
A 1998 Lexus GS cost $39,900 new. Over the past 12 months, 15 have sold publicly at a median of $13,013. The Shifty Estimate for a well-kept example is $12,900. Cars have changed hands anywhere from $4,900 to $15,625, depending on mileage, color, and history.
What is a 1998 Lexus GS worth today?
The Shifty Estimate is $12,900, down 13.3% over the past 12 months. We rate confidence medium: 15 public sales in a year is a thin market, and the spread between them is wide.
Is a Lexus GS a good investment?
It has depreciated 68% against its $39,900 list price. Values are down 13.3% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $4,500 to $15,750, and mileage explains most of that.
What has a Lexus GS sold for at auction?
The 3 most recent public sales we have on file:
- $15,500May 6, 2026Millennium Silver Metallic · 65,200 mi
- $5,300Mar 2, 2026Cinnabar Pearl · 150,000 mi
- $15,750Dec 30, 2025Diamond White Pearl · 198,600 mi
The second-generation Lexus GS represents Toyota's ambitious push into the European luxury sports sedan segment, directly challenging BMW's 5 Series on its home turf. Built on the Aristo platform but refined for global markets, the GS featured sophisticated multi-link suspension and available V8 power that delivered genuine performance credentials. The GS 430's 4.3-liter 3UZ-FE V8 produced 300 horsepower, while the GS 300 offered the proven 2JZ-GE inline-six. What sets this generation apart for collectors is its perfect storm of reliability, refinement, and relative rarity compared to German competitors. The clean, understated design by Italdesign has aged remarkably well, and finding unmolested examples becomes increasingly difficult. Early adopters of Lexus's sport sedan philosophy, these cars offer exceptional build quality and driving dynamics that many consider superior to contemporary Mercedes E-Class models, making them compelling alternatives for discerning collectors seeking Japanese luxury engineering.