How much was the LS400 in 1998?
The Lexus LS400 carried a starting MSRP in the low-to-mid $50,000s for the 1998 model year, with most well-equipped configurations around the mid-$50,000s and fully optioned models approaching the $60,000 mark before destination charges and taxes.
Pricing context in 1998
As Lexus’ flagship sedan, the LS400 was positioned to compete with the upper end of the luxury-sedan market. For 1998, buyers generally paid a premium for refinement, comfort, and brand prestige. Price movements reflected standard content, optional packages, and the modest inflation that characterized late-1990s automotive pricing.
Model-year refinements
In 1998, the LS400 carried forward its reputation for quiet, refined power and a long list of standard and optional features. There were no major redesigns that year, so changes in price were driven primarily by trim levels, packages, and destination charges rather than new mechanical updates.
Prices were shaped by several factors:
- Base MSRP for the 1998 LS400, which established the starting point for most buyers.
- Destination and handling charges added to the sticker price.
- Optional packages and features (e.g., Premium, leather, upgraded audio, navigation) that increased the final price.
- Regional pricing and dealer incentives that could widen or narrow the gap between sticker price and out-the-door cost.
- Market conditions, inflation, and model-year refinements that influenced how the price moved year over year.
These factors together determined the typical sticker price a buyer would see in 1998, as well as the negotiated sale price at dealerships.
What this meant for buyers in 1998
The LS400 was marketed as a premium luxury sedan with strong standard equipment, comfortable ride quality, and Lexus reliability. While the base price was competitive within the luxury segment, the total cost of ownership—especially with options, insurance, and maintenance—remained a consideration for buyers weighing the value of luxury against other brands.
Summary
In 1998, the LS400’s new-car price generally started in the low-to-mid $50,000s, with typical fully optioned models nearing the $60,000 range before destination charges. Price variation depended on trim, optional packages, and regional factors. The figure reflected the LS400’s status as Lexus’ flagship and its emphasis on comfort, refinement, and prestige in the late 1990s.
How much was a Lexus in 1998?
1998 Lexus ES pricing starts at $3,530 for the ES ES 300 Sedan 4D, which had a starting MSRP of $33,935 when new. The range-topping 1998 ES ES 300 Sedan 4D starts at $3,530 today, originally priced from $33,935. KBB Fair Purchase Price (national avg.)
How much was a Lexus LS400 in 1997?
1997 Lexus LS Pricing
| Original MSRP | KBB Fair Purchase Price (national avg.) | |
|---|---|---|
| LS 400 Sedan 4D | $54,495 | $4,024 |
How much did a 1998 Lexus LS400 cost new?
$54,515
How much did the LS 400 cost to develop?
Following eight design reviews, subsequent revisions, concept approval in February 1987, and over US$1 billion in development expenses, the final design for the production Lexus LS 400 (chassis code UCF10) was frozen in May 1987 with design patents filed on 20 February 1987 and 13 May 1987.
