Toyota tax is real, look at any used Toyota truck in a place like Colorado. Used prices are off the wall crazy high. A 2 y/o 4runner will sell for 95% of it's original purchase price (so just buy new) Look at what this thread is about, used Land Cruiser of similar year/mileage sell for way more than LXs.
I never looked at my LX as "flashy" I would hardly call an 86K LC Low Key.
Not sure what the gas prices where you live are but I figure it would cost me, maybe 4K over 100 miles buying premium. I saved more than that buying an LX over an LC. 4k over 8-9 years (average driver hitting 100k miles) is probably less than what people spend at Starbucks.
It amazes me that folks are ok spending near or 100K on a new LC/LX (tax, title, etc) 50-75K on a late model examples but $10 a fill up is the deal breaker. If gas prices are such a factor why buy a 200 in the first place?
Agree that a used Toyota has a premium compared to other brands, but so do Lexus vehicles compared to other "lux" brands.
Generally the depreciation is too little for me to ever consider used, but the LC is the one exception with Toyota. I was able to get a 16 with 32k miles and a platinum warranty last year for $53k. 38% over 3 years (from original purchase date) puts me in the used market. I couldn't find a LX for that price anywhere. We test drove a 16 LX that was $62k with no 3rd row or back seat entertainment (was the base LX that had an 89k sticker) but my wife and I both walked away not liking it as much. It would have been for her, but she didn't like it. I agree that at a point, the Lexus is much more affordable. At the 3 year mark, the Lexus (based on prior year pricing) will start depreciating more, making net ownership cost be more.
I don't know why I'd compare coffee prices when analyzing apples to apples comparisons of the cost to own and operate a vehicle. When I did my research I found:
Cost to insure: Lexus was close to $400 more per year.
Cost for gas: $5,000 every 100k miles
This doesn't take into account the cost of maintenance if you use a dealer, which Lexus is generally 15% more more.
Then there is the aftermarket support. Limited slider options, which takes time and money to figure out if you can ever get them. Limited front bumper options likely adds cost or you'll pay for fab or an ugly bumper.
So maybe an extra $9,000 over 10 years minimum with less aftermarket support. Not a huge cost, but still a cost. If one were to do all dealer maintenance, that cost goes up a lot more.
If you take your rig offroad, the 20 or 21" wheels will not be a good option, so add cost there.
And while I agree driving a Land Cruiser isn't low-key for people who know what they are, but having owned them for a number of years, the large majority of the people I give rides to, or those that detail my LC don't know what it is. And when I've gone in for recalls even the damn Toyota service advisors look at it and think it is a highlander or 4Runner (less so with the 16 update). The Lexus with its contemporary design sticks out, and is flashy (design may not age well).
And it is much more low-key than a Lexus, which is known as a luxury brand.