Likes

  • Superb value for money.
  • Typical exceptional Lexus build quality…
  • And renowned Toyota reliability.
  • Grey import Altezza model expand the range options.

Dislikes

  • This generation is two decades old, it often shows.
  • Many available have been abused or poorly maintained.
  • Watch for dodgy modifications.
  • Requires constant upkeep these days.

Stuff you should know

Let’s delve into the first generation of the Lexus IS, reigning from 1998 to 2005. Positioned as more than your typical 4-door sedan, this model exhibits versatility, with variations including a 5-door wagon or the sportier SportCross, which, in certain regions, adopts the moniker Toyota Altezza.

Upon its debut, these vehicles emerged as a significant disruption, causing consternation among established European luxury brands. Renowned for its superior build quality, distinctive styling, and arguably unparalleled ride and handling within its class, the IS represented a bold statement from Lexus directed at rivals such as the BMW 3 Series, Mercedes-Benz C Class, Audi A4, and the Jaguar X-Type.

Zooming in on the first generation, the Australian market was presented with a Lexus IS featuring a choice of two engines. The 2.0-liter 1G-FE straight-six delivered 114 kW (153 hp) and 195 Nm (144 lb/ft) of torque, while the more robust 3.0-liter 2JZ-GE straight-six provided 162 kW (217 hp) and 295 Nm (218 lb/ft) of torque. Transmission options included both manual and automatic, allowing for a personalized driving experience.

Trim specifications were diverse, catering to a range of preferences. The lineup included the IS200/IS300, Sports, Sports LE, Sports Luxury, Platinum Edition, Caliente, and Yellow. Each variant offered a distinct blend of features, combining performance and luxury to suit various tastes.

While the Lexus variant exclusively directed power to its rear wheels, the Toyota Altezza, available as a grey import, expanded the options with a 2.0-liter 3S-GE straight-four. This engine produced a commendable 154 kW (207 hp) and 216 Nm (159 lb/ft) of torque, introducing an additional layer of variety.

In 2001, Lexus implemented updates to the IS, introducing new models, enhancing safety features, and refreshing the interior and exterior designs with updated materials and features. This marked a pivotal moment in the evolution of the Lexus IS, solidifying its position as a formidable contender in the luxury sedan segment.

What goes wrong

Exterior:

The alloy wheels are prone to corrosion, a widespread issue among these vehicles.

Concerns have been raised regarding the windscreen, particularly with reports of leaks around the heater cable from the bottom part of the glass.

It’s worth noting that many of these cars have been subject to modifications, often executed poorly. It is advisable to inspect for any indications of shoddy holes drilled or excessive and questionable alterations.

Given their popularity among younger and, let’s say, more spirited drivers, it is crucial to scrutinize for accident damage, subpar repairs, and other potential issues. Our comprehensive used car buyer’s guide is a valuable resource for a thorough examination.

 

Interior:

The standard stereos in these vehicles lack phone connectivity and are prone to failure over time. Replacement units are frequently at the end of their lifespan as well.

Another critical point to check is the inner left wall of the boot for signs of water. Vehicles equipped with sunroofs have runoff drains passing through this area. If these drains become blocked, water may accumulate in the boot well, potentially forming a puddle in extreme cases.

During your inspection, ensure that the heater distributes heat evenly on both sides. If not, or if it emits steam onto the windscreen, replacing the heater matrix may be necessary. While this is a relatively inexpensive part, the replacement process can be quite challenging.

 

Mechanically: 

The engines in these vehicles stand out as some of the most reliable ever manufactured. Take the 2.0L inline-6 1G-FE, for instance – while it may not be a powerhouse, it boasts a proven track record for exceptional reliability. In the Altezza models, the 2.0L 4-cylinder 3S-GE takes the spotlight, especially in motorsport applications, showcasing both remarkable robustness and potent performance.

However, it’s the 3.0L straight-six and the iconic 2JZ-GE that steal the show. Widely embraced in motorsport applications, these engines are virtually bulletproof. Admittedly, if someone decides to slap a massive turbo on it, pushing the revs to the moon, there’s a chance it might break in half. But, when left in its daily driver, stock form, a well-serviced one is practically built to last indefinitely.

On the service front, these engines follow the old-school timing belt routine, requiring replacement every 100k, along with platinum spark plugs at the same interval, which might hit the wallet a bit hard. Considering their age—some early models are now 24 years old—all gaskets and seals are showing signs of wear, leading to potential oil leaks. Furthermore, everything in the engine bay made of plastic or rubber tends to become brittle.

The age factor doesn’t only apply to the engine bay; it extends to the entire vehicle. Suspension bushes, brake

Exterior:

The alloy wheels are prone to corrosion, a widespread issue among these vehicles.

Concerns have been raised regarding the windscreen, particularly with reports of leaks around the heater cable from the bottom part of the glass.

It’s worth noting that many of these cars have been subject to modifications, often executed poorly. It is advisable to inspect for any indications of shoddy holes drilled or excessive and questionable alterations.

Given their popularity among younger and, let’s say, more spirited drivers, it is crucial to scrutinize for accident damage, subpar repairs, and other potential issues. Our comprehensive used car buyer’s guide is a valuable resource for a thorough examination.

 

Interior:

The standard stereos in these vehicles lack phone connectivity and are prone to failure over time. Replacement units are frequently at the end of their lifespan as well.

Another critical point to check is the inner left wall of the boot for signs of water. Vehicles equipped with sunroofs have runoff drains passing through this area. If these drains become blocked, water may accumulate in the boot well, potentially forming a puddle in extreme cases.

During your inspection, ensure that the heater distributes heat evenly on both sides. If not, or if it emits steam onto the windscreen, replacing the heater matrix may be necessary. While this is a relatively inexpensive part, the replacement process can be quite challenging.

 

Mechanically: 

The engines in these vehicles stand out as some of the most reliable ever manufactured. Take the 2.0L inline-6 1G-FE, for instance – while it may not be a powerhouse, it boasts a proven track record for exceptional reliability. In the Altezza models, the 2.0L 4-cylinder 3S-GE takes the spotlight, especially in motorsport applications, showcasing both remarkable robustness and potent performance.

However, it’s the 3.0L straight-six and the iconic 2JZ-GE that steal the show. Widely embraced in motorsport applications, these engines are virtually bulletproof. Admittedly, if someone decides to slap a massive turbo on it, pushing the revs to the moon, there’s a chance it might break in half. But, when left in its daily driver, stock form, a well-serviced one is practically built to last indefinitely.

On the service front, these engines follow the old-school timing belt routine, requiring replacement every 100k, along with platinum spark plugs at the same interval, which might hit the wallet a bit hard. Considering their age—some early models are now 24 years old—all gaskets and seals are showing signs of wear, leading to potential oil leaks. Furthermore, everything in the engine bay made of plastic or rubber tends to become brittle.

The age factor doesn’t only apply to the engine bay; it extends to the entire vehicle. Suspension bushes, brake hoses, and hydraulic systems may need extra attention, particularly depending on the climate the car has endured. Nevertheless, with proper servicing, free from ill-advised modifications, and occasional garage sheltering, these cars, even at their vintage, are likely to outshine many vehicles half their age and most from their own era in terms of reliability.

Exterior:

The alloy wheels are prone to corrosion, a widespread issue among these vehicles.

Concerns have been raised regarding the windscreen, particularly with reports of leaks around the heater cable from the bottom part of the glass.

It’s worth noting that many of these cars have been subject to modifications, often executed poorly. It is advisable to inspect for any indications of shoddy holes drilled or excessive and questionable alterations.

Given their popularity among younger and, let’s say, more spirited drivers, it is crucial to scrutinize for accident damage, subpar repairs, and other potential issues. Our comprehensive used car buyer’s guide is a valuable resource for a thorough examination.

 

Interior:

The standard stereos in these vehicles lack phone connectivity and are prone to failure over time. Replacement units are frequently at the end of their lifespan as well.

Another critical point to check is the inner left wall of the boot for signs of water. Vehicles equipped with sunroofs have runoff drains passing through this area. If these drains become blocked, water may accumulate in the boot well, potentially forming a puddle in extreme cases.

During your inspection, ensure that the heater distributes heat evenly on both sides. If not, or if it emits steam onto the windscreen, replacing the heater matrix may be necessary. While this is a relatively inexpensive part, the replacement process can be quite challenging.

 

Mechanically: 

The engines in these vehicles stand out as some of the most reliable ever manufactured. Take the 2.0L inline-6 1G-FE, for instance – while it may not be a powerhouse, it boasts a proven track record for exceptional reliability. In the Altezza models, the 2.0L 4-cylinder 3S-GE takes the spotlight, especially in motorsport applications, showcasing both remarkable robustness and potent performance.

However, it’s the 3.0L straight-six and the iconic 2JZ-GE that steal the show. Widely embraced in motorsport applications, these engines are virtually bulletproof. Admittedly, if someone decides to slap a massive turbo on it, pushing the revs to the moon, there’s a chance it might break in half. But, when left in its daily driver, stock form, a well-serviced one is practically built to last indefinitely.

On the service front, these engines follow the old-school timing belt routine, requiring replacement every 100k, along with platinum spark plugs at the same interval, which might hit the wallet a bit hard. Considering their age—some early models are now 24 years old—all gaskets and seals are showing signs of wear, leading to potential oil leaks. Furthermore, everything in the engine bay made of plastic or rubber tends to become brittle.

The age factor doesn’t only apply to the engine bay; it extends to the entire vehicle. Suspension bushes, brake hoses, and hydraulic systems may need extra attention, particularly depending on the climate the car has endured. Nevertheless, with proper servicing, free from ill-advised modifications, and occasional garage sheltering, these cars, even at their vintage, are likely to outshine many vehicles half their age and most from their own era in terms of reliability.

Should you buy it?

Should you consider purchasing one? Well, unless you’re prepared to take on a project car, steer clear of poorly modified or obviously abused ones. Sure, they might come with a tempting price tag, but trust me, investing a bit more in a well-maintained one is the smarter move.

So, to answer the question definitively – yes, you should buy one. These cars are nothing short of awesome.

Now, some might argue that the Lexus lacks the brand appeal and straight-line punch compared to certain European competitors. However, when you’re watching your budget, as many do with these vehicles, the allure of bulletproof reliability, affordable parts, labor, and an extensive support network outweighs any glamour the Euro alternatives might offer.

This is especially true for the IS300. I get it, a BMW 330i or Ci from the same era might claim the top spot in power-to-weight ratio, but folks, the IS300 has proven itself to be reliable. Parts are generally more budget-friendly and readily available, the build quality is arguably superior, and let’s not forget the 2J engine under the bonnet – we all know what those are capable of.

In conclusion, not only is it a good idea to buy one, but you should seriously consider choosing it over almost any other car in its class.

Should you consider purchasing one? Well, unless you’re prepared to take on a project car, steer clear of poorly modified or obviously abused ones. Sure, they might come with a tempting price tag, but trust me, investing a bit more in a well-maintained one is the smarter move.

So, to answer the question definitively – yes, you should buy one. These cars are nothing short of awesome.

Now, some might argue that the Lexus lacks the brand appeal and straight-line punch compared to certain European competitors. However, when you’re watching your budget, as many do with these vehicles, the allure of bulletproof reliability, affordable parts, labor, and an extensive support network outweighs any glamour the Euro alternatives might offer.

This is especially true for the IS300. I get it, a BMW 330i or Ci from the same era might claim the top spot in power-to-weight ratio, but folks, the IS300 has proven itself to be reliable. Parts are generally more budget-friendly and readily available, the build quality is arguably superior, and let’s not forget the 2J engine under the bonnet – we all know what those are capable of.

In conclusion, not only is it a good idea to buy one, but you should seriously consider choosing it over almost any other car in its class.

Should you buy it?

Should you consider purchasing one? Well, unless you’re prepared to take on a project car, steer clear of poorly modified or obviously abused ones. Sure, they might come with a tempting price tag, but trust me, investing a bit more in a well-maintained one is the smarter move.

So, to answer the question definitively – yes, you should buy one. These cars are nothing short of awesome.

Now, some might argue that the Lexus lacks the brand appeal and straight-line punch compared to certain European competitors. However, when you’re watching your budget, as many do with these vehicles, the allure of bulletproof reliability, affordable parts, labor, and an extensive support network outweighs any glamour the Euro alternatives might offer.

This is especially true for the IS300. I get it, a BMW 330i or Ci from the same era might claim the top spot in power-to-weight ratio, but folks, the IS300 has proven itself to be reliable. Parts are generally more budget-friendly and readily available, the build quality is arguably superior, and let’s not forget the 2J engine under the bonnet – we all know what those are capable of.

In conclusion, not only is it a good idea to buy one, but you should seriously consider choosing it over almost any other car in its class.

Need help with finance?

What is the car's build year?

2020

Loan Amount

$5,000

Finance estimate ~

$30

Per week*

8.49%

Comparison rate p.a#

Models, pricing & features

Lexus IS200 XE10 1998-2004-1

IS200

Price when new: $51,490 - $51,900

Price used: $2,600 - $4,800

Equipment

  • 16″ Alloy Wheels
  • 8 Speaker Stereo
  • ABS (Antilock Brakes)
  • Air Cond. – Climate Control
  • Airbag – Driver
  • Airbag – Passenger
  • Airbags – Side for 1st Row Occupants (Front)
  • CD Stacker – 6 disc
  • Central Locking – Remote/Keyless
  • Disc Brakes Front Ventilated
  • Disc Brakes Rear Solid
  • Engine Immobiliser
  • Fog Lamps – Front
  • Integrated Security System
  • Leather Steering Wheel
  • Paint – Metallic
  • Power Door Mirrors
  • Power Steering
  • Power Windows – Front & Rear
  • Trim – Velour

 

MY02 update

  • Airbags – Head for 1st Row Seats (Front)
  • Armrests – Front (Driver & Passenger)
  • Body Side Mouldings – Colour Coded
  • Chrome Interior highlights

IS200 Sports Luxury

Price when new: $58,100 - $58,500

Price used: $3,200 - $6,100

Adds

  • 17″ Alloy Wheels
  • Electric Seat – Drivers
  • Heated Seats – 1st Row
  • Leather Trim (Incl. Seats
  • inserts)
  • Limited Slip Diff
  • Pedals – Sports
  • Scuff Plates (on door sills)
  • Suspension – Sports

 

MY04.5 update

  • Headlamps – Electric Level Adjustment

IS200 Sports LE

Price when new: $58,940

Price used: $3,600 - $5,600

Adds

  • Body Kit – F&R Spoilers
  • Skirts
  • Rear Apron
  • Carbon Fibre – Steering Wheel

IS200 Yellow

Price when new: $54,766

Price used: $3,200 - $5,100

Adds

  • Leather Seats
  • Polished Wheels
  • Spoilers – Front and Rear
  • Sunroof – Electric

IS300 Sports

Price when new: $65,500 - $73,960

Price used: $4,200 - $6,900

Adds

  • Brake Assist
  • Chrome Wheels
  • Coil Springs
  • Control – Electronic Stability
  • Control – Traction
  • EBD (Electronic Brake Force Distribution)
  • Headlamp Washers
  • Headlamps – Xenon (Low beam only)
  • Independent Rear Suspension
  • Spoiler – Rear

IS200 Caliente

Price when new: $61,990

Price used: $4,200 - $6,100

Adds

  • Leather Inserts in doors

IS200 Sports

Price when new: $51,490 - $51,500

Price used: $3,200 - $5,300

Adds

  • Courtesy Lamps – in Doors Front
  • Electric Seats – 1st Row (Front)
  • Leather Seats – Partial

IS200 Platinum Edition

Price when new: $61,990

Price used: $4,500 - $6,400

Adds

  • Chrome Exhaust Tips
  • Rear View Mirror – Electric Anti Glare

IS300 Platinum Edition

Price when new: $73,990

Price used: $5,200 - $7,100

IS300 Sports Luxury

Price when new: $74,500

Price used: $6,100 - $8,100

Adds

  • DVD Player
  • GPS (Satellite Navigation)
  • Multi-function Control Screen – Colour
  • Navigation System – DVD Audio
  • Navigation System – DVD Video

Tech specs

Body Styles

  • 4 door Sedan

Engine Specs

  • 2.0 litre, 6-cylinder petrol, 114kW / 195Nm (IS200 1999 – 2002, IS200 Sports Luxury 1999 – 2005, IS200 Sports LE 1999, IS200 Yellow 2000, IS200 Caliente 2002, IS200 Sports 2003 – 2005, IS200 Platinum Edition 2003)
  • 3.0 litre, 6-cylinder petrol, 157kW / 288Nm (IS300 Sports 2001 – 2005, IS300 Platinum Edition 2003, IS300 Sports Luxury 2004 – 2005)

Transmission

  • 6-speed Manual (IS200, IS200 Sports Luxury, IS200 Sports LE, IS200 Yellow, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 4-speed Automatic (IS200, IS200 Sports Luxury, IS200 Sports LE, IS200 Yellow, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 5-speed Sports Automatic (IS300 Sports, IS300 Platinum Edition, IS300 Sports Luxury)

Fuel Consumption

  • 7.4 – 10.0 / 100km (IS200, IS200 Sports Luxury, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 6.8 – 10.0 / 100km (IS200 Sports LE, IS200 Yellow)

Length

  • 4400mm (All Models)

Width

  • 1720mm – 1725mm (All Models)

Height

  • 1410mm – 1420mm (All Models)

Wheelbase

  • 2670mm (All Models)

Kerb Weight

  • 1348kg – 1505kg (All Models)

Towing

  • 400kg (unbraked) – 1200kg (braked) (All Models)

Ancap Ratings

  • Not tested (All Models)

Body Styles

  • 4 door Sedan

Engine Specs

  • 2.0 litre, 6-cylinder petrol, 114kW / 195Nm (IS200 1999 – 2002, IS200 Sports Luxury 1999 – 2005, IS200 Sports LE 1999, IS200 Yellow 2000, IS200 Caliente 2002, IS200 Sports 2003 – 2005, IS200 Platinum Edition 2003)
  • 3.0 litre, 6-cylinder petrol, 157kW / 288Nm (IS300 Sports 2001 – 2005, IS300 Platinum Edition 2003, IS300 Sports Luxury 2004 – 2005)

Transmission

  • 6-speed Manual (IS200, IS200 Sports Luxury, IS200 Sports LE, IS200 Yellow, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 4-speed Automatic (IS200, IS200 Sports Luxury, IS200 Sports LE, IS200 Yellow, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 5-speed Sports Automatic (IS300 Sports, IS300 Platinum Edition, IS300 Sports Luxury)

Fuel Consumption

  • 7.4 – 10.0 / 100km (IS200, IS200 Sports Luxury, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 6.8 – 10.0 / 100km (IS200 Sports LE, IS200 Yellow)

Length

  • 4400mm (All Models)

Width

  • 1720mm – 1725mm (All Models)

Height

  • 1410mm – 1420mm (All Models)

Wheelbase

  • 2670mm (All Models)

Kerb Weight

  • 1348kg – 1505kg (All Models)

Towing

  • 400kg (unbraked) – 1200kg (braked) (All Models)

Ancap Ratings

  • Not tested (All Models)

Body Styles

  • 4 door Sedan

Engine Specs

  • 2.0 litre, 6-cylinder petrol, 114kW / 195Nm (IS200 1999 – 2002, IS200 Sports Luxury 1999 – 2005, IS200 Sports LE 1999, IS200 Yellow 2000, IS200 Caliente 2002, IS200 Sports 2003 – 2005, IS200 Platinum Edition 2003)
  • 3.0 litre, 6-cylinder petrol, 157kW / 288Nm (IS300 Sports 2001 – 2005, IS300 Platinum Edition 2003, IS300 Sports Luxury 2004 – 2005)

Transmission

  • 6-speed Manual (IS200, IS200 Sports Luxury, IS200 Sports LE, IS200 Yellow, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 4-speed Automatic (IS200, IS200 Sports Luxury, IS200 Sports LE, IS200 Yellow, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 5-speed Sports Automatic (IS300 Sports, IS300 Platinum Edition, IS300 Sports Luxury)

Fuel Consumption

  • 7.4 – 10.0 / 100km (IS200, IS200 Sports Luxury, IS200 Caliente, IS200 Sports, IS200 Platinum Edition)
  • 6.8 – 10.0 / 100km (IS200 Sports LE, IS200 Yellow)

Length

  • 4400mm (All Models)

Width

  • 1720mm – 1725mm (All Models)

Height

  • 1410mm – 1420mm (All Models)

Wheelbase

  • 2670mm (All Models)

Kerb Weight

  • 1348kg – 1505kg (All Models)

Towing

  • 400kg (unbraked) – 1200kg (braked) (All Models)

Ancap Ratings

  • Not tested (All Models)

Warranty & servicing

Warranty

  • 4 years / 100,000 km (All Models)

Servicing

  • 10,000 km / 6 months (IS200, IS200 Sports Luxury, IS300 Sports, IS200 Caliente, IS200 Sports, IS200 Platinum Edition, IS300 Platinum Edition, IS300 Sports Luxury)

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Disclaimer

Please note that pricing information is subject to fluctuations in the automotive market.

Information correct as of Nov 12, 2023.

The advice provided on this website is general advice only. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs.

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