By on June 27, 2009

This week’s YSE (Your Shitty Economy) Car of the Week comes to us via Lexus (and Autotrader): the Land Cruiser-with-wood-trim LX470. The low-volume sales of these SUVs proves Americans are not real keen on a tree branch scraping down the side of their $80,000 vehicle. Even though the second gen LX470 is supremely capable off-road, most rock climber-kayaking types are more likely to own a Jeep or an old Tacoma. Never mind. This pre-loved 2004 LX470 with 49k on the clock is yours for just $29,499. This price may seem high for a car almost old enough to qualify for the cash for clunkers, and 13 mpg is a bit scarifying, but the Land Cruiser/LX duo maintains some of the best re-sale values in the biz. Sure you can pick up a used Range Rover for a little less, but why would you? There’s no competing with the Japanese-built LX for reliability and longevity. So saddle up, strap down the antique furniture, and take the no-road option home.

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12 Comments on “YSE Car of the Week: 2004 Lexus LX470...”


  • avatar
    Davekaybsc

    I would think that a GX470 of similar vintage would be a better value.

  • avatar
    Dave M.

    Very classy looking. They screwed up the new gen….

  • avatar
    romanjetfighter

    I believe they gave it like 40-50 extra horses in 2006 or something.

  • avatar
    indi500fan

    I just bought a 2004 Caddy SRX, 16,000 miles, AWD, and third seat, for 15 grand. And way better than 13 mpg.
    What a sweet ride.
    The deals are out there if you look.

  • avatar
    Davekaybsc

    As I expected, a GX is about 8 grand less. That LX will hold on to its remaining value reasonably well, but the SRX mentioned has basically already lost all of its value.

  • avatar
    ravenchris

    The price indicates the effectiveness of the marketing department rather than the value of the vehicle.

  • avatar
    MMH

    So badge engineering doesnt normally bother me on the used market (I drive a 2006 Mountaineer with every bell and whistle known to man, and paid less for it in December of 2008 than similarly equipped Explorers), but there’s something about a really, truly iconic vehicle that’s been badge engineered that bugs the shit out of me. The LX470 was one of those vehicles. Until Toyota wrecked the really, truly iconic vehicle it was based on. Nothing about the Landbruiser should have been for the mass market.

    On the other hand, rich a**holes bought both of ’em, so maybe Toyota did the right thing.

  • avatar
    FreedMike

    I respect this vehicle’s durability, but have we considered that the resale value is so high because these things are titanically overpriced to begin with?

    I’ve never fully understood the Land Cruiser cult…I saw a 2009 on a Toyota lot last weekend for 70 large. That’s INSANE money for what basically boils down to a truck-based SUV like a Chevy Tahoe. It gets weirder when you compare it to the Sequoia sitting right next to it, which runs 45K fully loaded and basically has the same mission.

    Seriously…who is going to drop that kind of money on one of these and ding it up on some back country trail?

    How about THIS one for a bargain if you want a sumo-sized SUV…2008 Navigator, all the options, 30K miles, under warranty…36 grand. Plus, you get the framed thank-you note from all the heads of state of OPEC countries.

    http://www.cars.com/go/search/detail.jsp;?tracktype=usedcc&searchType=21&pageNumber=0&numResultsPerPage=50&largeNumResultsPerPage=0&sortorder=descending&sortfield=PRICE+descending&certifiedOnly=false&criteria=K-%7cE-%7cM-_28_%7cD-_266_%7cN-N%7cR-30%7cI-1%2c7%7cP-PRICE+descending%7cQ-descending%7cZ-80134&aff=national&paId=311151150&recnum=0&leadExists=true

  • avatar
    improvement_needed

    i don’t think this quite qualifies…

    5 year old car/truck, 50k miles, depreciation of 50k, but is being ‘sold’ for 37.5% of original purchase price…

    most 5 year old cars would sell for ~ 40% of original MSRP… (or less)…

  • avatar
    TonyJZX

    the only way to run these is off diesel or LPG

    can’t think of any possible reason to run one on gasoline

  • avatar
    Signal11

    @FreedMike

    For a developed country? No one needs a LandCruiser. “Off roading” is a recreational activity.

    OTOH, ever spend any time in the really poor, developing countries/regions? Africa, mid East, South/Southeast/Central Asia. When “off road” IS the road, there’s the LandCruiser and then there’s everything else. Really. Toyota still produces my ride of choice, the LC 78/79 series specifically for these markets. Updated the headlights last year.

  • avatar
    FreedMike

    Signal11 :
    June 28th, 2009 at 11:02 am

    @FreedMike

    For a developed country? No one needs a LandCruiser. “Off roading” is a recreational activity.

    OTOH, ever spend any time in the really poor, developing countries/regions? Africa, mid East, South/Southeast/Central Asia. When “off road” IS the road, there’s the LandCruiser and then there’s everything else. Really. Toyota still produces my ride of choice, the LC 78/79 series specifically for these markets. Updated the headlights last year.

    Seriously – no argument on the durability and off-road ability of this vehicle whatsoever. Then again, I don’t think there’s anywhere to fix the LX570’s electronically controlled air suspension anywhere in sub-Saharan Africa…

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