Cost of ownership

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01-14-19, 06:31 PM

#16

sktn77a

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I'm an old fart - I pay $50 a month for full coverage (but I have a $1000 deductible on collision), I get around 18 city/28 highway, admittedly from the trip computer.

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01-14-19, 07:00 PM

#17

Caflashbob

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Based on 20-25k miles a year and 70 years old and in so cal I pay $2000 a year.

expensive parts.

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01-14-19, 07:21 PM

#18

cregeis

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I have a 2008 LS460 with over 165,000 miles and am very picky about keeping everything working and I can honestly say this car has been extremely inexpensive since I got it. My oil change at the Lexus dealer is cheaper than my Tahoe! The only major repair was a water pump which was still half that of what my prior BMW’s water pump cost. I highly recommend these cars and have been told they will easily go over 500,000 miles without any major problems.

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01-15-19, 07:20 AM

#19

riknchar

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Quote:

Originally Posted by sktn77a

I'm an old fart - I pay $50 a month for full coverage (but I have a $1000 deductible on collision), I get around 18 city/28 highway, admittedly from the trip computer.

The trip computer in every LS I've owned has been optimistic by around 2 mpg... My SC430 trip computer is dead on, though... I get an indicated 22 mpg on my LS600hL around town, but it always works out to around 20 mpg when I fill the tank. I'm happy with that efficiency for such an opulent car!

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01-15-19, 10:03 AM

#20

waterdude

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I keep track of all my expenses in a spreadsheet - might help other's with determining cost of ownership. Link: Expense Spreadsheet

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NotFasty (01-15-19)

01-16-19, 01:15 PM

#21

icon901

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Quote:

Originally Posted by cregeis

I highly recommend these cars and have been told they will easily go over 500,000 miles without any major problems.

Oh come on now....

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01-16-19, 02:13 PM

#22

Caflashbob

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Quote:

Originally Posted by icon901

Oh come on now....

there was a post here of a dealer serviced per maintenance schedule ls460 with 346k miles on it.

I understand still ran fine. Traded in to a dealer

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01-16-19, 03:18 PM

#23

JLAWS

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Quote:

Originally Posted by Caflashbob

there was a post here of a dealer serviced per maintenance schedule ls460 with 346k miles on it.

I understand still ran fine. Traded in to a dealer

And someone bought it. The for sale link doesn't work anymore

https://www.clublexus.com/forums/ls-...ve-seen-2.html

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01-16-19, 04:55 PM

#24

mcomer

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OP comment that the 2009's and earlier are cheaper...a whole lotta features debuted in 2010:
a) Revised exterior appearance including outside mirrors with turn signals
b) Many electronic feature additions including Bluetooth for music devices (phone only prior years),
USB jack and XM Satellite tuner. One "enhancement" does not count as a benefit - the XM Traffic/
Weather/Stocks/Sports is completely lame.
c) Safety Connect system. Lexus recently lowered the cost of S.C. from $149/year to $80/year.
Telematic system with 3/4 watt phone similar to OnStar.
d) Driver's auto slide-away seat and Active front headrests.

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01-16-19, 05:53 PM

#25

icon901

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Quote:

Originally Posted by riknchar

By far the largest cost associated with owning a luxury car like the LS460 is depreciation, not maintenance. My LS600hL had an original sticker price north of $126k back in 2010 when it was sold. I bought it for $27,500 with 66k miles on it in 2018. I plan to keep it for 6 years, and I doubt very much it will have much trade-in value when I'm done with it (lets say maybe $5000). So my car cost the original owner roughly $100,000 in depreciation in 8 years, and will cost me perhaps $22,500 in depreciation over 6 years. Not bad at all, but WAY more than I will spend on repairs in all likelihood. I actually decided to purchase a full national "bumper to bumper" warranty on my 2010 from CNA (a well-reviewed company). I paid $2800 for the 6 year warranty, and it covers pretty much every expensive thing likely to fail on my car (control arms, air ride suspension, brake actuator, M/L amp, even the hybrid batteries).

Im intrigued about more info about reputable extended warranties on older cars from from CNA or similar companies

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01-17-19, 05:59 AM

#26

riknchar

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Quote:

Originally Posted by icon901

Im intrigued about more info about reputable extended warranties on older cars from from CNA or similar companies

You'll find quite a bit of information about third-party warranties by searching the forum. Some have received good reviews, some not so much. CNA offered the best overall price/coverage plan for my needs, and has gotten good reviews for paying claims. I haven't had to use the warranty yet, but will definitely report back if/when I use it. CNA seems to have no problem covering older cars. They are way more sensitive to mileage than to age. So if you buy an older (2008-2010) LS460 with very low miles, you'll be able to get a pretty long warranty from CNA at a decent price. If you buy a newer LS with high miles, you won't be able to get as long of a warranty.

My 2010 LS600hL had 66k miles when I bought it last year, and I was able to get a 6 year, 48k additional mile warranty for $2800. I only drive around 8k miles per year, so this one was perfect for me. I do have a $200 deductible, which I'm fine with. CNA is also one of the very few companies that will cover Hybrid batteries (which do fail on the LS600s eventually).

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01-19-19, 08:42 AM

#27

305Busa

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Let me see if I can remember everything Ive done/had done to my car since I picked it up. Its a 2007 purchased in 2009 with 138k miles at the moment. As you can see, Im a DIY type of person.
Below isnt in order. Will type as I remember.

Serpentine belt (started making noise, so I changed it) Did it myself $30
Radiator ( broke the nipple to the reservoir while changing belt) Did it myself ($150)
Radiator ( above mentioned started leaking from top about 3 years later) ($150)
Alternator (Check generator light) Did it myself $240
All front control arms (common issue, bushings worn) Did it myself $850
Starter (stopped working) Did it myself $220
Fuel pump gaskets (oil leak from valve cover) $78 for kit. Did it myself
Too many oil changes to count at about 75 each. Do them myself.

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01-19-19, 04:22 PM

#28

roadfrog

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my 08:

mufflers - 500 dollars installed (Walker aftermarket)
battery - 110 dollars AC Delco
spark plugs - 100 bucks
water pump - 70 dollars (installed myself)
serpentine belt and rad hoses - 50 bucks or so (installed myself)
control arms 1500 or so installed by indy (only needed two but did them all as a preventative measure)
brakes inc rotors - about 500 bucks installed myself

That's about it. 4 years ownership and 80k miles (car had 60k miles when I bought it)