Friend of mine w/ a 01 LC lives right on the cliff in La Jolla, parked his LC outside for 3 yrs. Everything bare steel in the engine compartment/undercarriage rusted, rust on the tailgate. Warranty doesn't cover it, as it hasn't rusted through (has to completely rust through). Granted, this is surface rust, not corrosion from driving on salted roads day-in, day-out. Personally, I would never buy any vehicle driven on salted roads. This means anything from the Midwest/Northeast. The LC is very electronic dependent, and the main enemy of electronics is water & corrosion. When I bought my '03 a year ago (local vehicle), I checked the undercarriage...the bolts were still shiny despite sitting outside on the dealer lot for 3 months during the winter. Also, the paint underneath the rear license plate frame was scraped by the frame's edge down to the bare metal (paint is very thin on the tailgate), and still shiny. Gotta love that 5% Arizona humidity.