Lexus GS

1998 to 2005 · Sedan

A 1998 Lexus GS cost $39,900 new. Over the past 12 months, 12 have sold publicly at a median of $12,507. The Shifty Estimate for a well-kept example is $12,900. Across the sales we have on file, prices ran from $4,500 to $15,750, depending on mileage, color, and history.

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Shifty Estimate
$12,900
Medium confidence · $5K to $16K
Down 15.4% over 12 months
Median · 12 mo
$12,507
Sales · 12 mo
12
Original MSRP
$39,900Down 68% since new

The market

Every recorded 1998 Lexus GS sale, by date and price
May 2026 · Cars & Bids
$15,500 · 65,200 mi · Millennium Silver Metallic
See this car
$5.0k$7.5k$10k$13k$15kFeb 202120222023202420252026SHIFTY ESTIMATE $13k
Sold
15 salesmedian $13kupdated May 2026

Community

Latest results

The newest 1998 Lexus GS sales with photographs
1998 Lexus GS, sold Mar 2026

Sold $5,300

2000 · Cinnabar Pearl · 150,000 mi
Mar 2, 2026 · Cars & Bids
1998 Lexus GS, sold Dec 2025

Sold $15,750

1998 · Diamond White Pearl · 198,600 mi
Dec 30, 2025 · Cars & Bids
1998 Lexus GS, sold Dec 2025

Sold $13,355

2004 · Millennium Silver · 34,700 mi
Dec 18, 2025 · Cars & Bids
1998 Lexus GS, sold Aug 2025

Sold $4,500

1999 · Antique Bronze Mica · 120,900 mi
Aug 6, 2025 · Cars & Bids
1998 Lexus GS, sold Jun 2025

Sold $8,069

2003 · Millennium Silver · 146,900 mi
Jun 17, 2025 · Cars & Bids
1998 Lexus GS, sold Jun 2024

Sold $7,000

1999 · Alpine Silver Metallic · 121,000 mi
Jun 6, 2024 · Cars & Bids
Other GS generations

Specifications

Engine
Inline-6, 3.0L
Power
225 hp
Torque
220 lb-ft
0 to 60
8.4 s
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, 12 have sold publicly at a median of $12,507. The Shifty Estimate for a well-kept example is $12,900. Across the sales we have on file, prices ran from $4,500 to $15,750, depending on mileage, color, and history.

What is a 1998 Lexus GS worth today?

The Shifty Estimate is $12,900, down 15.4% over the past 12 months. We rate confidence medium: 12 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 15.4% 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.

How many Lexus GS have sold?

Shifty has 15 public sales of the Lexus GS on file. The earliest was on Feb 5, 2021.

What is the most expensive Lexus GS sold?

The highest public sale on file is $15,750, on Dec 30, 2025, with 198,600 mi.

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

About the 1998 Lexus GS

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.

Sales and listings

Showing 15 of 15 on file

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