mikhailw

Does anybody know a Black Book price for 2000 LS400 with 55K miles and Platinum edition? How much will this car bring at dealer-only auction in South-west region(Texas)? Can anybody lookup prices from a recent Manheim auction?

Thanks

ragabnh

I have seen them going for $24000 in High Line Dealer's Auction in Las Vegas Nevada, however I do not think it is the Platinum Edition.

Horta

Here is a report I ran for 2000 LS400 sold at Auction for the last 30 days. These are the exact price all the dealer paid across the country. This file is sorted by Color then price. I have no idea what some of these color codes mean (ALSLV). I hope this helps.

Sale Date Sale Price Milage Color Auction Region
07/17/03 $_24,700 __ 53,546 ALSLV MANHEIM NE
07/17/03 $_25,200 __ 49,152 ALSLV MANHEIM NE
07/17/03 $_28,900 __ 49,916 ALSLV MANHEIM NE
07/11/03 $_30,100 __ 34,103 ALSLV MANHEIM NE
07/17/03 $_18,400 __ 106,010 BLACK MANHEIM NE
07/16/03 $_19,200 __ 86,389 BLACK NEWBRGH NE
06/25/03 $_21,500 __ 76,471 BLACK MILWAUKE MW
06/25/03 $_21,500 __ 70,814 BLACK MILWAUKE MW
07/09/03 $_22,000 __ 61,472 BLACK BUTLER NE
07/10/03 $_23,700 __ 64,423 BLACK SO CAL WC
07/16/03 $_23,800 __ 54,640 BLACK NADE NE
07/17/03 $_24,200 __ 55,991 BLACK MANHEIM NE
07/03/03 $_25,400 __ 52,347 BLACK ATLANTA SE
07/02/03 $_25,500 __ 48,904 BLACK CEN FLA SE
06/26/03 $_25,500 __ 54,197 BLACK SO CAL WC
06/24/03 $_26,000 __ 40,429 BLACK KC MW
06/24/03 $_26,500 __ 48,623 BLACK FAAO SE
07/02/03 $_26,500 __ 39,835 BLACK UTAH WC
06/26/03 $_27,000 __ 47,644 BLACK CINCINNA MW
07/08/03 $_27,200 __ 49,921 BLACK FAAO SE
07/01/03 $_27,400 __ 29,114 BLACK FAAO SE
07/16/03 $_27,500 __ 41,172 BLACK KC MW
06/26/03 $_28,000 __ 32,751 BLACK SO CAL WC
06/24/03 $_28,400 __ 50,689 BLACK FAAO SE
07/11/03 $_29,900 __ 33,622 BLACK MANHEIM NE
06/26/03 $_30,000 __ 36,092 BLACK SO CAL WC
07/08/03 $_30,250 __ 41,308 BLACK BAY CITI WC
07/17/03 $_30,700 __ 32,553 BLACK MANHEIM NE
07/08/03 $_31,000 __ 16,153 BLACK FAAO SE
07/17/03 $_32,600 __ 33,758 BLACK MANHEIM NE
07/17/03 $_33,600 __ 31,545 BLACK MANHEIM NE
07/15/03 $_23,500 __ 48,007 BLUE STATESVL SE
07/17/03 $_29,200 __ 43,126 BLUE MANHEIM NE
06/26/03 $_30,500 __ 32,224 BLUE SO CAL WC
06/25/03 $_27,250 __ 38,015 BLUE/8L4 MILWAUKE MW
07/15/03 $_29,400 __ 22,230 CPPR/4P1 FAAO SE
06/27/03 $_26,500 __ 50,189 CRYWH MANHEIM NE
06/24/03 $_27,200 __ 42,364 DK BLUE FAAO SE
07/08/03 $_30,200 __ 37,935 DK BLUE FAAO SE
06/26/03 $_18,500 __ 78,147 GOLD DET METR MW
07/09/03 $_24,250 __ 47,848 GOLD NADE NE
07/08/03 $_25,000 __ 57,825 GOLD FAAO SE
07/17/03 $_25,400 __ 46,874 GOLD MANHEIM NE
07/08/03 $_25,500 __ 56,678 GOLD SAN DIEG WC
07/01/03 $_27,200 __ 36,479 GOLD SAN DIEG WC
07/10/03 $_27,200 __ 34,658 GOLD SO CAL WC
07/17/03 $_27,700 __ 44,380 GOLD MANHEIM NE
07/08/03 $_28,700 __ 31,349 GOLD FAAO SE
07/17/03 $_29,000 __ 40,140 GOLD MANHEIM NE
07/17/03 $_30,500 __ 39,436 GOLD MANHEIM NE
07/17/03 $_30,500 __ 47,565 GOLD NEVADA WC
06/24/03 $_31,000 __ 34,697 GOLD KC MW
06/26/03 $_31,500 __ 37,403 GOLD SO CAL WC
06/25/03 $_32,500 __ 11,908 GOLD BAY CITI WC
06/25/03 $_27,750 __ 44,783 GRAY199 MILWAUKE MW
07/02/03 $_23,400 __ 53,221 GREEN NADE NE
06/24/03 $_28,000 __ 21,653 GREEN FAAO SE
06/24/03 $_28,800 __ 34,474 GREEN FAAO SE
06/25/03 $_31,000 __ 38,236 GREY/K73 MILWAUKE MW
06/25/03 $_26,250 __ 49,438 GRY/K73 MILWAUKE MW
07/02/03 $_25,200 __ 48,483 LTGRY NEWBRGH NE
07/02/03 $_28,500 __ 31,488 LTGRY NEWBRGH NE
07/08/03 $_22,800 __ 65,084 ONYX FAAO SE
06/24/03 $_29,200 __ 48,925 ONYX FAAO SE
07/08/03 $_28,000 __ 31,480 SAND FAAO SE
07/08/03 $_29,000 __ 31,135 SAND FAAO SE
07/16/03 $_22,300 __ 51,000 SILVER NADE NE
07/10/03 $_23,000 __ 62,240 SILVER CINCINNA MW
07/08/03 $_24,800 __ 40,802 SILVER FAAO SE
07/08/03 $_25,000 __ 52,477 SILVER FAAO SE
07/01/03 $_25,000 __ 56,935 SILVER SAN DIEG WC
06/26/03 $_25,700 __ 49,805 SILVER CINCINNA MW
07/03/03 $_25,800 __ 54,055 SILVER SO CAL WC
06/24/03 $_26,000 __ 29,112 SILVER SAN DIEG WC
06/24/03 $_26,200 __ 52,720 SILVER FAAO SE
07/17/03 $_26,900 __ 45,400 SILVER MANHEIM NE
06/24/03 $_27,800 __ 42,442 SILVER FAAO SE
07/16/03 $_27,850 __ 43,278 SILVER CADE WC
07/17/03 $_28,000 __ 41,246 SILVER MANHEIM NE
07/17/03 $_28,200 __ 36,025 SILVER MANHEIM NE
07/01/03 $_28,200 __ 32,852 SILVER FAAO SE
06/25/03 $_28,300 __ 38,841 SILVER MILWAUKE MW
07/03/03 $_28,400 __ 40,265 SILVER MANHEIM NE
06/27/03 $_28,800 __ 34,343 SILVER MANHEIM NE
06/24/03 $_28,800 __ 44,501 SILVER FAAO SE
07/01/03 $_29,000 __ 34,432 SILVER FAAO SE
07/17/03 $_30,000 __ 26,429 SILVER NEVADA WC
07/17/03 $_31,000 __ 37,099 SILVER MANHEIM NE
07/11/03 $_31,300 __ 32,161 SILVER MANHEIM NE
06/25/03 $_22,500 __ 51,724 TAN NADE NE
06/24/03 $_23,250 __ 54,457 TAN KC MW
06/25/03 $_29,750 __ 43,788 TAN MILWAUKE MW
07/09/03 $_30,200 __ 28,155 TAN NADE NE
07/11/03 $_21,000 __ 82,483 WHITE NEVADA WC
06/25/03 $_23,000 __ 64,544 WHITE MILWAUKE MW
06/25/03 $_23,300 __ 67,992 WHITE CADE WC
07/09/03 $_23,400 __ 63,920 WHITE NEWBRGH NE
07/08/03 $_23,600 __ 54,996 WHITE FAAO SE
07/02/03 $_23,700 __ 73,920 WHITE NADE NE
07/09/03 $_24,400 __ 50,245 WHITE W PALM SE
07/10/03 $_25,500 __ 55,779 WHITE CHICAGO MW
07/02/03 $_26,000 __ 57,403 WHITE KC MW
06/25/03 $_26,200 __ 40,367 WHITE NADE NE
07/16/03 $_26,700 __ 42,403 WHITE NADE NE
07/17/03 $_26,800 __ 60,789 WHITE MANHEIM NE
07/09/03 $_28,000 __ 42,982 WHITE NADE NE
07/02/03 $_29,000 __ 44,965 WHITE KC MW
07/17/03 $_29,000 __ 47,104 WHITE NEVADA WC
07/17/03 $_29,750 __ 32,841 WHITE MANHEIM NE
07/08/03 $_30,400 __ 37,970 WHITE FAAO SE
07/01/03 $_30,750 __ 39,083 WHITE ST LOUIS MW
07/08/03 $_31,750 __ 34,175 WHITE BAY CITI WC
06/24/03 $_32,000 __ 32,452 WHITE FAAO SE

Horta

Here is the same report but for 1999 LS400

Sale Date Sale Price Milage Color Auction
07/02/03 $_23,800 __ 49,004 ALSLV KC MW
07/10/03 $_24,000 __ 46,351 ALSLV SO CAL WC
07/17/03 $_24,200 __ 56,279 ALSLV MANHEIM NE
07/08/03 $_27,000 __ 40,671 BAIGE BAY CITI WC
07/02/03 $_21,300 __ 55,802 BARED KC MW
07/16/03 $_19,200 __ 93,264 BLACK SEATTLE WC
06/25/03 $_21,000 __ 59,998 BLACK CADE WC
06/25/03 $_22,000 __ 62,338 BLACK MILWAUKE MW
07/10/03 $_23,200 __ 63,863 BLACK SO CAL WC
07/17/03 $_23,500 __ 58,689 BLACK MANHEIM NE
07/10/03 $_26,000 __ 49,527 BLACK SO CAL WC
06/26/03 $_26,200 __ 42,950 BLACK SO CAL WC
06/25/03 $_29,750 __ 30,478 BLACK MILWAUKE MW
07/17/03 $_21,150 __ 54,042 BROWN SO CAL WC
07/18/03 $_23,800 __ 52,524 BROWN NEVADA WC
07/17/03 $_18,400 __ 67,985 GOLD MANHEIM NE
07/03/03 $_19,400 __ 98,967 GOLD MANHEIM NE
07/16/03 $_20,100 __ 67,034 GOLD DALLAS SW
06/26/03 $_22,500 __ 40,792 GOLD RIVRSIDE WC
07/15/03 $_25,000 __ 37,485 GOLD BALTWASH NE
07/17/03 $_26,200 __ 33,649 GOLD MANHEIM NE
06/25/03 $_23,000 __ 40,506 GRAY MILWAUKE MW
06/25/03 $_18,500 __ 71,924 GREEN MILWAUKE MW
07/02/03 $_19,100 __ 98,759 GREEN DALLAS SW
06/24/03 $_23,100 __ 51,556 GREEN FAAO SE
06/27/03 $_25,400 __ 35,394 MYGLD MANHEIM NE
06/25/03 $_26,500 __ 39,193 MYGLD MILWAUKE MW
06/24/03 $_26,600 __ 37,908 ONYX FAAO SE
07/15/03 $_18,500 __ 39,301 SILVER DETROIT MW
07/09/03 $_18,800 __ 79,158 SILVER NADE NE
07/17/03 $_21,900 __ 63,784 SILVER MANHEIM NE
06/24/03 $_23,000 __ 39,240 SILVER BISHOP B SE
07/03/03 $_23,400 __ 54,127 SILVER MANHEIM NE
07/01/03 $_23,500 __ 41,719 SILVER SAN DIEG WC
06/26/03 $_23,600 __ 59,620 SILVER FRESNO WC
07/01/03 $_25,000 __ 39,704 SILVER GA DLRS SE
07/16/03 $_25,100 __ 43,817 SILVER BAY CITI WC
07/17/03 $_29,000 __ 40,038 SILVER NEVADA WC
07/10/03 $_27,700 __ 28,444 SLVJD SO CAL WC
07/17/03 $_19,000 __ 46,908 STLNG MANHEIM NE
06/26/03 $_22,200 __ 59,752 STLNG SO CAL WC
06/25/03 $_17,750 __ 84,194 WHITE MILWAUKE MW
07/02/03 $_19,000 __ 82,773 WHITE ATLANTA SE
07/03/03 $_19,000 __ 71,405 WHITE W PALM SE
07/17/03 $_20,500 __ 74,309 WHITE NEVADA WC
06/26/03 $_20,500 __ 67,419 WHITE RIVRSIDE WC
07/10/03 $_21,000 __ 59,875 WHITE MISS SE
07/09/03 $_22,200 __ 55,043 WHITE NADE NE
06/25/03 $_22,900 __ 59,341 WHITE NADE NE
07/09/03 $_23,000 __ 48,200 WHITE NASHVILL SE
06/26/03 $_23,000 __ 51,723 WHITE RIVRSIDE WC
07/08/03 $_23,600 __ 52,750 WHITE FAAO SE
07/17/03 $_24,400 __ 44,323 WHITE CHICAGO MW
07/17/03 $_24,900 __ 47,979 WHITE MANHEIM NE
07/17/03 $_25,500 __ 46,627 WHITE NEVADA WC
06/26/03 $_25,500 __ 52,660 WHITE RIVRSIDE WC
07/15/03 $_26,200 __ 42,622 WHITE FAAO SE
07/08/03 $_26,800 __ 40,327 WHITE FAAO SE
07/10/03 $_27,000 __ 32,990 WHITE CHICAGO MW

Horta

and last one for 1998 LS400

Sale Date Sale Price Milage Color Auction Region
07/16/03 $_15,800 __ 76,365 BEIGE KC MW
07/15/03 $_12,500 __ 117,600 BLACK AMERICAN NE
07/11/03 $_14,800 __ 129,683 BLACK MANHEIM NE
06/26/03 $_16,700 __ 84,995 BLACK RIVRSIDE WC
06/26/03 $_17,500 __ 55,085 BLACK SO CAL WC
07/15/03 $_18,600 __ 93,500 BLACK STATESVL SE
07/16/03 $_18,800 __ 58,646 BLACK DALLAS SW
07/09/03 $_18,900 __ 65,336 BLACK DALLAS SW
07/16/03 $_21,800 __ 48,640 BLACK DALLAS SW
07/08/03 $_18,800 __ 103,418 BLUE FAAO SE
07/08/03 $_19,000 __ 68,815 BLUE BAY CITI WC
07/02/03 $_20,500 __ 56,775 BLUE CADE WC
06/26/03 $_17,500 __ 77,834 BROWN ATLANTA SE
07/16/03 $_15,100 __ 82,794 BURG BAY CITI WC
07/11/03 $_15,900 __ 78,624 BURGANY MANHEIM NE
07/16/03 $_14,300 __ 98,523 CHAMP. NADE NE
06/24/03 $_18,200 __ 75,157 COPPER FAAO SE
07/02/03 $_15,000 __ 78,610 DK BLUE NEWBRGH NE
07/08/03 $_16,500 __ 73,655 GOLD FAAO SE
07/15/03 $_18,900 __ 80,231 GOLD STATESVL SE
07/08/03 $_19,000 __ 65,357 GOLD BAY CITI WC
07/03/03 $_15,000 __ 109,407 GREEN ATLANTA SE
06/26/03 $_15,700 __ 107,501 SILVER CHICAGO MW
06/27/03 $_16,100 __ 82,407 SILVER MANHEIM NE
06/25/03 $_16,700 __ 72,451 SILVER MILWAUKE MW
06/27/03 $_18,100 __ 77,978 SILVER MANHEIM NE
06/24/03 $_18,400 __ 75,859 SILVER FAAO SE
07/08/03 $_20,700 __ 40,706 SILVER FAAO SE
07/17/03 $_15,800 __ 72,766 STLNG MANHEIM NE
06/25/03 $_16,800 __ 63,191 TAN MILWAUKE MW
07/17/03 $_17,300 __ 84,037 TAN/2 NEVADA WC
07/02/03 $_16,600 __ 85,942 WHITE DENVER SW
06/26/03 $_17,200 __ 53,933 WHITE SO CAL WC
06/24/03 $_17,300 __ 89,549 WHITE STATESVL SE
07/08/03 $_17,600 __ 100,863 WHITE FAAO SE
07/10/03 $_18,300 __ 73,490 WHITE CHICAGO MW
07/02/03 $_18,800 __ 54,946 WHITE ATLANTA SE
07/17/03 $_21,600 __ 64,985 WHITE NEVADA WC

mikhailw

I would like to thank Norta for the excellent information he brought to our attention. Clublexus consists of many outstanding members who share their experience and knowledge with the rest of us.

I am shocked by very high prices that dealers pay for 2000 and 1999 LS. Can they really sell those cars with a profit?
Black Book for 2000 Lexus is $25K. Most cars were sold for much more than $25k. This year there will be (almost sure about it) new generation of LS4???. As soon as new model is released, fewer people will buy 2000 LS400 which is 2 generation old for more than $25K.

If somebody looks at E-BAY, the same car can be purchased for $3-5K less than at dealer's auction. It seems that private sellers can make more money if they would sell their cars at those auctions. Somebody could buy cars on E-BAY and resell at Manheim auction. Is it possible there is 1% of crazy/mad dealers who pay too much money for these cars? Is it possible that they loose money on these cars?

I am completely lost trying to analyze this information. I always thought that 2000 LS400 would never be sold for more than $24K at dealer's auction. There was information that 99 GS400 is being sold for as little as $18K at these auctions. Is there a big price gap between LS and GS?

javascript:smilie('')

Horta

mikhailw

I agree there is a big discrepancy between Black Book and these wholesale prices. Last year when I was looking to buy my 98 LS400 I was very excited because the Black Book values was very reasonable, I forgot the exact numbers but somewhere from say $24k - $26k. Well I went to the Manheim High Line Auction in South Florida all excited to drive away with a car. I was looking for a white one and there were about six of them. Mileage was about the same in all between 25k to 29k and all about the same options (none had Nav). The real difference was the condition of the cars. Some were somewhat clean, no dings, but most were very dirty, one or two had cracked wood steering wheels (known problem, fixed even out of warranty by dealer). I even saw one car with a bad Radio Display, this concerned me because in my 91 LS I have to replace the A/C display. Anyways one car was so disgustingly dirty I was grossed out to even sit in it, but unfortunately it had the best paint and mileage and was the one I was trying to bid on. It looked like the owner ALWAYS drove with the windows open down black dusty roads. The entire headliner and back seat were just coated with a deep thick black layer. Its must have taken the dealer who bought it hours to clean that mess up. I was not happy in thinking if I won the auction I would have to clean that, but I was more than willing to do it in order to save $5 - $6k based on the Black Book numbers.

Well the point of this long winded post is that when the bidding began on these cars the shark frenzy began. Each car goes up one at a time and eachtim ethe same frenzy. My buddy and I were positive I was driving away with a car because I was ready to pay up to $29k plus auction fees. Well ALL of the White LS400 went for over that price within 30seconds of the bidding on each car. We were floored. Some of the other colors like Silver and Black also brought top dollar. A gold one sold for a fair price but a Green and a burgundy sold for just about Black Book. The point being that Our LS400 still have a very high demand in the used Luxury Car market. Black Book values just don't apply. It goes against every thing we think and know but its such a great car people are will to pay. We left the Auction disappointed and empty handed.

Ebay cars, well I don't know how your doing you search but make sure you looking at "Completed Auctions". Go to the Lexus section and type in the search box LS400, DO NOT click on the LS (58) categories link. Once the LS400 show up go to the middle left box called Display and click on "Completed Items". That will show you all the closed Auctions. There you can go one by one and see what the cars have sold for. I just check one that showed a 98 with 75k ending for $15.9 BUT when you open that item you see that the Reserve was NOT met so the car did not sell. DO you research this way and you will get a True feeling for what the cars are selling for.

Finally Like I said I shopped last year like a mad man trying to buy a 99 or 98. The next part is a copy of a previous post I had made telling all of you my 98 LS400 purchase story. If you have read it than just skip it. I keep posting it because you can find a great car of the right price. It just takes patience and lots of shopping. To give you the short and sweet I bought a 98 with 24k miles for $28,500 last year from a private "rich" person. The car is a "Perfect 10" cream puff. It looks Showroom new no kidding.
I did tons of research to find this LS. Every day THREE time a day I logged onto AutoTrader.com, EbayMotors.com, Cars.com, and all my local papers web sites. This was a pain especial since I was doing this at work too. But I ended up with the deal of the century. So consistent shopping pays off. I almost bought a car of ebaymotors but backed out at the last minute cause the condition was not as good as I wanted. I ended up getting my car from an ad on Cars.com. That web site pulls ads from all the US newspapers, but I had to really widened my search area to over 100 miles to find my car. It was a tiny piddly little ad that just red 98 LS400 25k $28,500 and phone number with no area code and no color. I did not call for a couple of days cause I figured at that price it must have had something wrong or a cheesy color. Remember this was almost a year ago so $28 was a steal. So anyways I looked up the Area code and called. The very next day I drove the 100 miles to see the car.

Well actually before I went up there I spoke to the owner at length about the condition. We was older and very vague with detail. He just kept saying the car is clean and in his opinion it was fine. He told me repeatedly that if when I got there I did not like it I did not have to buy it. That alone made me very scared but being that the car only had 24k miles on it I figured it should have been in Phenomenal shape. So I tell him I'm going up the next day with two Check and to hold the car for me and consider it sold.

I was freaking out all that night hoping the car was the right one and hoping I would not be disappointed when I got there as I had been many times before. The next day I had my checks ready and my wife and I took of to the West coast of Florida to see/ buy the car. 100 miles later we are in his neighbor hood and were thoroughly impressed. This was a Boating community with all the houses on the water and each house was in the Millions. The owners house was just amazing. They were a very nice retied couple in their 60's. The second he opened the Garage I was ready to buy the car. I open the drivers door peeked in and said I'll take it. He actually forced me to test drive it. Now let me explain some more. This house was huge and had a Six Car Garage. Also sitting next to it was a Brand New SC430. These people had Cash and the space to baby their cars. Anyways the wife was selling car because they have 6 grand kids and she no longer used it. She now rarely drives and when she does she drives a 2001 Toyota minivan and has a 2003 on order. This was her 5 Lexus and has babied the car. I told her thank you for taking car of my new car so well. So I went for the test drive by myself and of course went through the car with a fine tooth comb, but it was spanking brand new. No Dirt, no stains, no tears, NOT ONE ding or scratch. It was showroom new.

Sorry for the long post but hope the info helps
Jerry