LS - 1st and 2nd Gen (1990-2000) Discussion topics related to the 1990 - 2000 Lexus LS400

Lucked into a $450 Steal... or a money pit?

Thread Tools
 
Search this Thread
 
Old 11-20-13, 06:19 AM
  #1  
sayow
Pit Crew
Thread Starter
 
sayow's Avatar
 
Join Date: Oct 2013
Location: MO
Posts: 239
Likes: 0
Received 14 Likes on 9 Posts
Default Lucked into a $450 Steal... or a money pit?

I have been actively looking for a near mint 98-00 LS ever since I bought my high miles 96 about a month ago. In my search I stumbled onto what looked like a well priced 93 with high miles.

The owner said it was in great shape inside and out and that while it needed a tune up, it ran well.
The price started at 1900 and I was only casually interested and because the owner was about 100 miles from me I quickly forgot about the car.

Fast forward almost two weeks. The owner contacts me says that he still has the car and is REALLY motivated to sell. I get on the phone with him and cover the basics. At this point we are in 1000-1200 range and so I decide to grab some cash, get a driver (my son) and head out to take a look.

To make a long story short, what he told me about the condition did not match reality... or even close. The issues are numerous (see below), but the interior condition is well above average. The owner says he has to sell it to pay taxes on a new car and that he is desperate to sell.

I tell him the car would only be good to me as a running parts car and offer $400 if the title is clean and clear, knowing full well he is going to tell me to get lost... to my amazement he says hell take $450. Stunned, I ask to review title again and see his ID!

All the paperwork is good, I get under hood, break out my tools and check timing belt... looks in good to great shape... look under car and see no oil leaks in the 30 mins we were there but a small power steering leak (not ACV into intake, looks like HP hose)... so I hand him 450 and I drive home a black on black 93 LS that has all the options (VSC, heated seats, etc).

Car purrs at idle and made it 100 miles home with no overheating but has numerous issues.

So my question, with the below issues, would you fix this car or part it out (I will post pictures when I can).

- Car has a severe lack of power, idles fine but under throttle it took 2 minutes to get to highway speed.

- Brakes are SHOT, like "should not be driving this beast" shot
- When braking i hear a clunk that sounds like perhaps a transmission mount?
- Needs an alignment (steering wheel is at 10 o'clock)
- Fuel gauge does not work
- RPM gauge does not work (speedo and temp gauge appear to work fine)
- All gauge lights work save for the "tips" of each needle
- Car will definitely need ball joints and maybe control arms
- Power steering leaks
- AC cluster display (clock and temp) LCD is blown out
- Shifter is super loose
- ABS light came on half way home
- Driver door handle cracked
- Two small surface "bubble" rust spots (front driver corner at bumper, rear pass wheel well)
- AC works great, heater does not work at all
- VSC does not appear to work
- Windshield has been replaced... poorly lol. lots of glue on roof line
- Car has 238k
- Tires are 30%

On the plus side, the transmission shifts smooth as silk, no check engine lights, no starting or idling issues (but the lack of power is stunning), interior is well above average, leather seats are in good to great shape, paint is good and the guy just put in a pretty nice and clearly brand new JVC head unit.

So would you sink any money into this car or just part it out? For under 500 I just could not pass it up and the idea of having a 93, 96 and mint 99 representing arguably the best of each generation is kind of cool.

Also garage space is not an issue

Thoughts?

Last edited by sayow; 11-20-13 at 06:22 AM.
Old 11-20-13, 06:30 AM
  #2  
billydpowe
Lexus Champion
iTrader: (1)
 
billydpowe's Avatar
 
Join Date: Mar 2009
Location: texas
Posts: 3,225
Received 172 Likes on 130 Posts
Default

sounds great to me, if I were not so old (79) I would like the challenge of fixing it up.... but either way you go it sounds like a winner..
Old 11-20-13, 08:33 AM
  #3  
MikeyF23
Driver School Candidate
 
MikeyF23's Avatar
 
Join Date: Nov 2013
Location: Texas
Posts: 21
Likes: 0
Received 1 Like on 1 Post
Default

Well if you're willing to put money and time into it, I'd say go for it. I mean, $450 is steal, I wish I could find one for so cheap. But alas, if you do fix it, think: are you going to keep it because if you have intention to sell it, you probably will be lucked out and down in the money pit.
Old 11-20-13, 10:42 AM
  #4  
timmy0tool
Moderator
iTrader: (7)
 
timmy0tool's Avatar
 
Join Date: Sep 2008
Location: 714/949, SoCal
Posts: 6,927
Received 415 Likes on 370 Posts
Default

if you have the time and garage space, and money to keep it registered and running, go for it! all the issues you mentioned have been covered on the forums here. the lack of power could very well be a capacitor issue, a very common problem.
Old 11-20-13, 11:13 AM
  #5  
cobalt91
Lead Lap
 
cobalt91's Avatar
 
Join Date: May 2012
Location: MI
Posts: 586
Likes: 0
Received 0 Likes on 0 Posts
Default

Lack of power could be the timing belt installed in correctly. Check the marks on the cams with the crank. When i bought mine it had the same lack of power condition. I changed the timing belt and ect sensor. Big change in how it runs and drives. Dont make the same mistake i did, change the water pump and pullys for the belt at the same time. The electronic issues sound like symptoms of bad capacitors in the ecu. But follow standard diagnostic procedures before replacement of those parts.
Old 11-20-13, 11:58 AM
  #6  
LScowboyLS
Lexus Champion
 
LScowboyLS's Avatar
 
Join Date: Dec 2011
Location: Birmingham, AL
Posts: 4,078
Likes: 0
Received 81 Likes on 39 Posts
Default

while the transmission mount is very likely shot as well, the "clunk" on braking is likely a suspension component such as a strut bar bushing, upper or lower control arm, or lower ball joint.

This car is likely a steal if you can do most of the repairs yourself, if not, then not so much!
Old 11-20-13, 02:22 PM
  #7  
sayow
Pit Crew
Thread Starter
 
sayow's Avatar
 
Join Date: Oct 2013
Location: MO
Posts: 239
Likes: 0
Received 14 Likes on 9 Posts
Default

Originally Posted by LScowboyLS
while the transmission mount is very likely shot as well, the "clunk" on braking is likely a suspension component such as a strut bar bushing, upper or lower control arm, or lower ball joint.

This car is likely a steal if you can do most of the repairs yourself, if not, then not so much!
That statement would be true with about any car not deemed a "real classic" regardless of price

That said, I plan to do as much as I can myself and use a fair local guy for the stuff i cannot. Hoping to have a shop and lifts built in 2014 which would be a money saver given my penchant for bringing home stray cars.

Last edited by sayow; 11-21-13 at 06:08 AM.
Old 11-20-13, 03:26 PM
  #8  
Sc0pe
Lexus Test Driver
iTrader: (1)
 
Sc0pe's Avatar
 
Join Date: Nov 2012
Location: Florida
Posts: 921
Received 5 Likes on 5 Posts
Default

If you have the space, time, and money, you can fix anything. Spend $1000 on it and see where that gets you in terms of "restoration."
Old 11-21-13, 10:30 PM
  #9  
PureDrifter
BahHumBug

iTrader: (10)
 
PureDrifter's Avatar
 
Join Date: Aug 2004
Location: California
Posts: 23,918
Received 94 Likes on 86 Posts
Default

between the parts you'll need for a full tune up (full ignition system), brake overhaul, suspension bushings, and the rust, and the time you'll put in to it all, you'll be in another 1000-1250 at least. (DIY labor).

the lack of power could be anything from ignition issues, fuel pump issues, electrical problems, incorrect timing when the belt was installed, or just the fact that it's a 20 year old car that weighs ~2 tons and only had ~180hp at the wheels on a good day. Do a full tune up on the car to eliminate a lot of questionmarks and because it's likely due for it anyways, then see how it behaves.

If having a mostly sorted but still not "pretty" LS for ~$2-2.5k sounds good, then go for it.
Old 11-22-13, 09:34 AM
  #10  
LANcr3w
Rookie
 
LANcr3w's Avatar
 
Join Date: Jan 2013
Location: AR
Posts: 87
Likes: 0
Received 0 Likes on 0 Posts
Default

I bought my 94 ls400 for $320 and i wasnt sure what id be going through. Shes up and running now.
First thing i had to do was replace the starter before i could even see if it was ran or not.
If you can do that you can probably fix everything else lol.
But like PureDrifter said id start with a complete tune up, that should solve your
power issues. I maybe spent another $400 or so to get it running good.
Old 11-22-13, 07:01 PM
  #11  
Shmee
Lexus Test Driver
iTrader: (3)
 
Shmee's Avatar
 
Join Date: Dec 2007
Location: Victoria, BC. Canada
Posts: 1,471
Received 5 Likes on 4 Posts
Default

Some of the price estimates for the repairs you listed are a little low. The car sounds like in needs a fair amount of work and while none of it is very difficult work, the parts do add up. I just did just about all of the same stuff you will likely need to do, although I did them for piece of mind and not because they needed to be done, and I bought about $2500 in quality parts...

Start looking around on places like Rockauto and build your parts list... Then try and tackle jobs in groupings of overlapping jobs: timing belt + tune up + valve cover gaskets(because they probably need to be done anyways) and then all the suspension stuff in one go followed by a good alignment....


The clunk could also be the rear carrier bushings if they are bad enough and it's coming from the rear.
Old 11-29-13, 09:45 PM
  #12  
pl3wis
Driver School Candidate
iTrader: (1)
 
pl3wis's Avatar
 
Join Date: Sep 2013
Location: CT
Posts: 43
Likes: 0
Received 0 Likes on 0 Posts
Default

Definitely a steal. Cant beat a a running car let alone a Lexus for under 500 bucks
Old 11-30-13, 07:09 AM
  #13  
sayow
Pit Crew
Thread Starter
 
sayow's Avatar
 
Join Date: Oct 2013
Location: MO
Posts: 239
Likes: 0
Received 14 Likes on 9 Posts
Default

Originally Posted by pl3wis
Definitely a steal. Cant beat a a running car let alone a Lexus for under 500 bucks
That was my thought exactly. I did not even want a 93 but it drove 70 miles home with no surprises and it looks as though some of the issues are related to the ECU capacitors. Interior is pretty nice and the stereo probably cost 1/2 what I paid
Old 11-30-13, 06:10 PM
  #14  
Michael
Driver
 
Michael's Avatar
 
Join Date: Apr 2002
Location: So Barrington, Illinois, USA
Posts: 183
Likes: 0
Received 0 Likes on 0 Posts
Default

I have 93 LS4 in northern Illinois and it seems like other than high miles, typical problems of LS4 which has not been looked into at all. If you follow LScowboy's thread and replace the caps on the Engine Control Unit, your half of problem will be gone. Then the other half is under the car.
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Tempock
GX - 1st Gen (2004-2009)
2
04-07-16 10:49 AM
SCbarber
LS - 1st and 2nd Gen (1990-2000)
6
05-23-15 11:26 AM
WRW76
LS - 1st and 2nd Gen (1990-2000)
8
11-12-13 03:38 AM
dynamic718
Lexus Vehicles Classifieds
3
07-09-08 03:29 PM
Lvangundy
LS - 1st and 2nd Gen (1990-2000)
4
09-26-02 02:40 PM



Quick Reply: Lucked into a $450 Steal... or a money pit?



All times are GMT -7. The time now is 01:59 PM.