After doing an exhaustive search for a used Land Cruiser or LX 470 I pulled the trigger on a 2001 River Rock green LX 470. It had one owner from Richmond VA and a long list of service records from Richmond Lexus.
I live in Atlanta GA so last week I flew up and purchased it. It aesthetically looks very good with good paint and the interior is in great shape for being 12 years old. I bought it from an independent dealer so as a precaution i had a pre purchase inspection done by Richmond Lexus. Mostly all checked out well - they just pointed out some maintenance issues to watch such as brake pads and a small radiator leak.
So I headed home - 500 miles away. It drove fine for several hours, then I got off the interstate and noticed that when it shifted into what seemed like 3rd gear it had a slightly rough grinding noise. I made a mental note to have that checked out right away when I got home.
Then when I was roughly 100 miles away from home - without any warning I heard a clunking break sound and I had no connection anymore to the transmission. Luckily I was right at an exit and was able to coast to the top. I tried again to place it in any gear but it just had a grinding noise so I had it towed home - a $285 tow job!!
I have a good local independent Toyota/Lexus mechanic and he wants to replace the transmission with a re-manufactured Toyota transmission for $4,000. I am talking to the VA dealership - Ultimate Motors, to get them to refund some of my purchase price due to the mechanical failure. They are speaking with me but we haven't come to a financial agreement yet.
So I guess what I am looking for is any insight from members with a similar situation and is the rebuilt Toyota transmission the best way to go?
I live in Atlanta GA so last week I flew up and purchased it. It aesthetically looks very good with good paint and the interior is in great shape for being 12 years old. I bought it from an independent dealer so as a precaution i had a pre purchase inspection done by Richmond Lexus. Mostly all checked out well - they just pointed out some maintenance issues to watch such as brake pads and a small radiator leak.
So I headed home - 500 miles away. It drove fine for several hours, then I got off the interstate and noticed that when it shifted into what seemed like 3rd gear it had a slightly rough grinding noise. I made a mental note to have that checked out right away when I got home.
Then when I was roughly 100 miles away from home - without any warning I heard a clunking break sound and I had no connection anymore to the transmission. Luckily I was right at an exit and was able to coast to the top. I tried again to place it in any gear but it just had a grinding noise so I had it towed home - a $285 tow job!!

I have a good local independent Toyota/Lexus mechanic and he wants to replace the transmission with a re-manufactured Toyota transmission for $4,000. I am talking to the VA dealership - Ultimate Motors, to get them to refund some of my purchase price due to the mechanical failure. They are speaking with me but we haven't come to a financial agreement yet.
So I guess what I am looking for is any insight from members with a similar situation and is the rebuilt Toyota transmission the best way to go?