Sounds pretty minor work really if the interior is 10/10 and only has tiny rust, thats a good price.
Hopefully just an exhaust gasket, timing belt, plugs if they are misfiring, bit of body work and you'll have a nice car, 98+ cars are sweet.
Sounds like a decent deal. But don't forget cam/crank seals. Most likely they weren't done last time. Just did this to my LS. Both cams seal were leaking badly at 242K miles. Fortunately I did it myself for under $100. For you cam seal replacement is more involved because of vvt-i. You are nuts if you're planning to take to mechanic for repairs.
Sounds like you've got a good plan to get a sweet ride at pretty low cost. Go for it.
1. 2004 Mercury Metallic LS 430 - 52K and counting...slowly
2. 2002 Millennium Silver LS 430 - 132K
3. 2004 Toyota Tundra...111K
4. 2001 Toyota 4Runner... the previous daily driver... SOLD
5. 2000 Mazda Miata 5 spd... the new daily driver.
6. 1998 LS400 Pearl White and back in the saddle at 203k
I think you have a winner... my 99 had 23+K on it, when I got it and the first TB/WP was done at Sewell at 130K, I now have 239+ plan on doing it soon.... just been reading up on the cam seals
My Bible Study is at: http://billydpowell.synthasite.com
take a look. my hope is it helps people get into their Bible where the Holy Spirit can teach them the REAL truth, not my words, which are just stimulants.... 2 Tim 2:15 Study.....
Yeah that's a damn good deal. Even really horrible gen 2.5s still go for $4500 around here
Lexus Driver Since 01. Ls 400 enthusiast
Vehicle Technology Specialist at Lexus of Orlando
90 Ls 400 "kayla" RIP 8/8/08 brembo brakes cold air intake 18" momo s
91 LS 400 "Black Beauty" RIP 10/27/05 carbon fiber hood stock chrome. Wheels
95 LS 400 "The Freshness" super clean stock, daily driver
94 LS 400 bone stock and very tired