I just bought a 1999 LX470 with 126k miles on it. Before I say the price I want to preface it so I don't give anyone a heart attack out of jealousy.
It is a salvage/rebuilt title. The reason I saw past that was because it was marked as a salvage title in 1999 due to the car "being driven into water" before it even got to the dealership. Now for a $56,000 car to have more repairs than it is worth, I had to imagine it was a strange situation such as an entire lot flooding (sometimes they will salvage every car on a flooded lot) or maybe that it was stolen or something. Either way, it's been on the road for 20 years so it was worth taking a look at.
It was listed as $6000 but I was able to bargain him down to $5500.
It ran excellently when I got there. It has a handful of minor issues such as a window rolling back down if rolled up with the "Auto" mode, the oil temperature gauge not working (confirmed normal readings with the OBD scanner throughout driving it around and idling), the leather on the bottom part of some seats was torn, and about 10-15 other small projects/expenses. It also needed new suspension as the PPO had taken out AHC and replaced it with cheap autozone shocks and shorter springs in the back. So it did need some work to be back to manageable driving condition. Overall, it has a very clean underbody, ran like a charm, and didn't have any red flags. The owner was very straightforward telling me he had the car only about 2 weeks, disclosing all the problems with it as well as the salvage title, and holding it for me on my word when he had another buyer who had asked to come before me. It does look like it has been in a frontal accident, but from looking all around the frame, nothing looks alarming other than a slightly bent bumper support.
That said, I've had it about a month now. I've replaced the suspension with IronMan Nitro Gas stage 3 suspension. And I've begun chipping away at the small projects as well. I really couldn't be happier. Of course it's possible I missed some massive problem but I do feel like I have gotten away with highway robbery. The first picture below is how it looked when I bought it, and the second is what it looks like now.