Bought the car 4 years ago because we thought we would be going into the woods and hauling. Well we never did either, although we live in Chicago so it's nice in the snow. Everything about the car is great, the ride, interior, dependability, lost cost of ownership, except for gas. So my biggest complaint is MPG. I get 13-15 in suburban driving and 15-16 on the highway. For this size car there other options that get 20+ MPG such as the Honda passport. No serious mechanical issues, in fact no minor mechanical issues except a leaky CV boot, which is good since I bought it used. Height/level adjustment is nice but unnecessary unless you are towing. I recommend for people towing/traveling.
I had a 1998 LX470 with several problems. It always pulled to one side or the other (steering wheel never centered correctly) on highway; emergency brake cable rattled near/at right rear wheel; tilt/telescope motors went out several times. Lexus never could fix either problem; took back under lemon law. I bought a 2001 just like it hoping they would have fixed problems. New 2001 pulls to left at highway speeds; same emergency brake cable rattle at right rear wheel; tilt/telescope motors already replaced once; transfer case replaced (vibration); Several rattles interior. Very disappointing to have basically same problems on same vehicle 3 model years later.
This is the best car i have ever owned With the navigation system and the mark levision sets this baby apart. The sound is the best and when you can rais andlower the car and ajust the suspension it roks. I suggest you try the car or test drive it.