I have owned or driven various cars such as Mercedes, BMW, Audi, Acura, Lincoln, Cadillac etc. and Lexus is the most luxurious, smooth riding and reliable car not to mention a great value. Lexus vehicles are not flashy but they have a conservative, luxurious presence that says quality.
We bought it used with 66k miles on it in Aug 2013. Now has 72k and nothing has went wrong. We also have an 02 LS430 with 112 on it and the only thing that broke was the driver window regulator. Way way more reliable than the 7 BMW and one MB S class we have previously owned. The car is super quiet and gets great mileage on the highway. The Mark Levinson in my 08 is much better than the ML sound in the 02. The stereo is absolutely fantastic! The other thing I like is it has a chain driven timing belt so no more expense of replacing the timing belt in the previous generation. I highly recommend this car. UPDATE FEB 2018: Still totally reliable at 82000 miles. The only complaint is the vinyl used on dash and doors. The driver door armrest has cracks in it. All the vinyl gets super sticky when in the sun. The 2007 models had a recall for it but not the 08 models for some unknown reason. I wish Lexus would add the 08's to this fix as it obviously a poor choice in material by Lexus. Check online for complaints about this.
My wife and I originally went into the Lexus dealer looking for a new GS. The salesman took us for a ride but said upfront that the car may be a little small for me. I am 6'5 and broad shouldered. He was right and the car was a bit cramped. While we were waiting for him to return with the keys my wife saw the LS460 and said she loved how that one looked. I of course responded that it was also the most expensive! When our salesman returned we said we would also like to drive the LS. Of course there was no comparison and we bought the LS. It is just the perfect car. So fast and incredibly comfortable. The interior is the nicest we have ever seen baring none. Highly recommend it!
This is my second LS, the first was a 1995 LS 400, I ran it for 15 years. This car is very much the same, just much more advanced, smooth and powerful. Lexus is getting pricey is the only bad thing, but once you're used to this car no other even comes close. I tried to find a more economical replacement but there are none on the market. The German cars that are in the same league are unreliable and even more overpriced than this one, and because I keep my cars forever they're not an option for me. If I leased it wouldn't matter, outside of how much time you care to waste in a car dealership.
Now that I have had this car for 2 1/2 years, I thought I would add an updated review. This is our 4th Lexus and I am disappointed in the overall quality of the car. Aside from the recall, I have had a number of mostly minor quality- related issues since my last review, including an issue with paint chips on the front of the car and a blown out speaker in my expensive Levinson stereo. If I had to do it over again knowing what I know now, I would not purchase this car. I expected uncompromising quality in a car I could drive for 10 years like my last 2 (less expense) Lexus vehicles. Now I worry about expensive repairs down the road. I am thinking seriously about getting rid of the car.