HotCars recently highlighted the fifth-generation Lexus LS 500 (specifically the 2019–2021 model years) as one of the best used luxury car deals available due to its depreciation.
A Buying Opportunity
While Lexus vehicles generally hold their value remarkably well, the LS 500 flagship sedan falls victim to the steep depreciation that affects the entire large luxury sedan segment.
The Original Cost: Brand new, the LS 500 started north of $80,000 and frequently topped $100,000 with options.
The Value Drop: It loses about 42.4% of its value over five years-meaning roughly $34,210 to $42,000 evaporates from the original price.
The Current Price: Excellent used examples from 2019 to 2021 with reasonable mileage can be found in the low-to-mid-$40,000s.
Why the LS 500 Is a Smart Used Buy
1. Modern Platform and Performance
The fifth-generation LS 500 launched for the 2018 model year on the GA-L platform (shared with the LC coupe). It replaced the old naturally aspirated V8 with a 3.5-liter twin-turbo V6 pushing 416 horsepower and 442 lb-ft of torque, mated to a smooth 10-speed automatic transmission.
2. High-End Luxury and Tech
The interior is exceptionally quiet, features high-quality materials built to last, and provides stellar rear-seat comfort.
Standard Safety: All 2019–2021 models include the Lexus Safety System+, which features radar cruise control, lane departure alert, and automatic emergency braking.
3. Better Reliability Than German Rivals
While a used Mercedes S-Class or BMW 7 Series can drop 60% or more in value over five years, their repair and parts costs remain astronomically high. The Lexus LS 500 delivers similar flagship luxury but with far superior long-term reliability and more reasonable maintenance needs.
Important Buying Advice
Target 2019-2021 Model Years: The 2018 model year was the first for this generation and carries a slightly higher risk of early production quirks. The 2019–2021 models strike the best balance of price, modern technology, and refined engineering. (Note: 2021+ models also received an updated touchscreen infotainment setup).
Be Cautious with the Hybrid (LS 500h): The hybrid variant depreciates even faster (losing about 52.7% over five years). While cheap on paper, buyers should be mindful of the cost of an aging hybrid battery out of warranty.
Check the Service History: A clean, documented maintenance record-ideally with regular Lexus dealer servicing-is the most crucial factor when buying a used flagship luxury car.
And as well, get a Car Inspection Score before dropping the type of money this car will command.
Thanks for reading everybody!
-Paul