✦ Shifty Estimate
$11,400
▼ 10.8% · 12 mo- 12 months median
- $16K
- Sales, 12 months
- 62
- Original MSRP
- $47,900 · ▼ 76% since
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1998 Lexus LX
1998 to 2007 · SUV
Price history
Recent sales
62 sales on file
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Specifications
- Engine
- V8, 4.7L
- Power
- 230 hp
- Torque
- 320 lb-ft
- 0 to 60
- 10.7s
- Top speed
- 112 mph
- Transmission
- Automatic
- Drivetrain
- 4WD
- Original MSRP
- $47,900
Common questions
How much does a Lexus LX cost?
A 1998 Lexus LX cost $47,900 new. Over the past 12 months, 62 have sold publicly at a median of $16,338. The Shifty Estimate for a well-kept example is $11,400. Cars have changed hands anywhere from $6,510 to $16,703, depending on mileage, color, and history.
What is a 1998 Lexus LX worth today?
The Shifty Estimate is $11,400, down 10.8% over the past 12 months. That sits below the $16,338 median of actual sales because the estimate weights the most recent results most heavily, and recent sales have come in under the longer-run median. Confidence is high: 62 public sales in a year gives a firm read.
Is a Lexus LX a good investment?
It has depreciated 76% against its $47,900 list price. Values are down 10.8% over the past 12 months. The caution is spread, not direction: across the sales we have on file, prices ran from $5,350 to $30,250, and mileage explains most of that.
What has a Lexus LX sold for at auction?
The 3 most recent public sales we have on file:
- $16,250Jul 28, 2026Black Onyx · 210,600 mi
- $5,350Jul 10, 2026Blizzard Pearl · 222,700 mi
- $9,500Jun 24, 2026Black · 305,100 mi
The first-generation Lexus LX represented Toyota's bold entry into the luxury SUV market, directly challenging the Range Rover's dominance. Built on the legendary Land Cruiser 100 Series platform, the LX combined Toyota's bulletproof reliability with Lexus refinement. The 4.7-liter V8 produced 230 horsepower initially, later bumped to 268hp in 2003, paired with full-time 4WD and a sophisticated suspension system. What sets the LX apart is its genuine off-road capability wrapped in luxury—leather seating for eight, premium audio, and meticulous build quality that Toyota was famous for. Production numbers were relatively low compared to German rivals, making clean examples increasingly sought after. Today's collectors appreciate the LX for its honest engineering and durability; many examples easily surpass 200,000 miles with proper maintenance. As overlanding culture grows, these capable luxury trucks are finding new appreciation among enthusiasts seeking adventure without sacrificing comfort.