The 2001 Lexus IS 300, part of the first generation IS series (1998-2005), is a compact executive sedan that arrived in North America for the 2001 model year. Available primarily as a sedan with a SportCross wagon variant later, it gained popularity for its blend of Lexus luxury and sporty rear-wheel-drive dynamics. Initially, pricing ranged from around $30,000 to $35,000. It stands out with its refined driving experience and premium interior, making it a compelling alternative to its German rivals.
The Good
The 2001 IS 300 offers a compelling mix of sporty performance from its smooth inline-six engine and rear-wheel-drive chassis, coupled with Lexus' renowned reliability. Its elegant design and comfortable, upscale interior appeal to emotional buyers, while its practical value proposition and efficient operation satisfy the practical-minded.
The Bad
Potential buyers of the 2001 Lexus IS 300 should be aware of common issues like aging suspension components, potential for transmission problems (especially with the automatic), and interior wear. Rust can also be a concern in certain climates, so thorough inspection is advised.
2001 Lexus IS 300: Quick Overview
- Engine Options: One primary engine option was available for the 2001 Lexus IS 300: a 2.0-liter turbocharged inline-4 engine (market dependent, North America primarily received the naturally aspirated version). For North America, the 2001 IS 300 came standard with a 2JZ-GE 3.0-liter naturally aspirated inline-6 engine.
- Horsepower: The 3.0-liter 2JZ-GE inline-6 engine produced approximately 215 horsepower at 5,800 rpm.
- Fuel Economy: EPA estimated fuel economy for the 2001 IS 300 was around 18 MPG city and 24 MPG highway for the automatic transmission, and slightly lower for the manual.
- 0-60 Times: 0-60 mph times were typically in the range of 7.0 to 7.5 seconds, depending on transmission and driver.
- Towing Capacity: The 2001 Lexus IS 300 was not designed for towing and does not have a specified towing capacity.
- Trim-Level Features: The 2001 IS 300 came in a single primary trim for North America, but included a generous array of standard features. Key standard features included:
- Leather-trimmed interior
- Power-adjustable front seats
- Automatic climate control
- Power moonroof
- Premium audio system with CD player
- Xenon HID headlights
- 17-inch alloy wheels
- Vehicle Stability Control (VSC)
- Traction Control (TRAC)
- Anti-lock Braking System (ABS)
- Driver and front passenger airbags
- Side-impact airbags
2001 Lexus IS 300 Specifications
Vehicle Information
| Year | 2001 |
| Make | Lexus |
| Model | IS 300 |
| Trim | - |
| Style | 4-Door Sedan |
| Type | Sedan |
| Category | Compact Car |
Manufacturing Details
| Made In | Japan |
| Manufacturing City | KANEGASAKI |
Dimensions
| Doors | 4-Door |
| Curb Weight | 1483.25 kg |
| Gross Vehicle Weight Rating | - |
| Overall Height | 140.97 cm |
| Overall Length | 448.56 cm |
| Overall Width | 171.96 cm |
| Wheelbase Length | 266.95 cm |
| Standard Seating | 5 |
Engine & Performance
| Engine | 3.0-L L-6 DOHC 24V |
| Engine Size | 3L |
| Engine Cylinders | 6 |
| Transmission | 5-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $30,805 USD |
| Invoice Price | $27,108 USD |
| Delivery Charges | $545 USD |
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What Problems Does the 2001 Lexus IS 300 Have?
The 2001 Lexus IS 300, like many vehicles of its era, has some commonly reported issues that owners should be aware of. While Lexus is known for its reliability, age and mileage can bring about specific concerns. One of the more prevalent issues reported is related to the automatic transmission, particularly with premature wear or failure. While not a universal problem, some owners have experienced slipping or harsh shifting, often necessitating costly repairs or replacement. Early models also sometimes reported issues with the ABS actuator, which could lead to the ABS warning light illuminating and a loss of ABS functionality. Another area of concern can be the power steering system, with leaks or pump failures sometimes occurring. Suspension components, such as bushings, ball joints, and shock absorbers, will naturally wear over time and may require replacement to maintain ride quality and handling. For the 2001 model year, specific recalls were less common compared to some other vehicles, but it is always advisable to check with Lexus or the NHTSA database for any outstanding recalls that may apply. Interior components, such as the leather upholstery, can show signs of wear, and the climate control system's blend door actuators can sometimes fail, leading to improper air temperature distribution. Headlight condensation can also be an issue, requiring seals to be addressed. While the 2JZ-GE engine itself is renowned for its durability, potential issues can arise from the timing belt (requiring regular replacement), ignition coils, and sometimes fuel injectors. Overall, long-term reliability is generally good if the vehicle has been consistently maintained, but prospective buyers should be prepared for potential age-related repairs, particularly concerning the transmission and suspension.
How long will the 2001 Lexus IS 300 last?
Based on owner data and typical maintenance habits, a well-maintained 2001 Lexus IS 300 can reasonably be expected to reach 200,000 to 250,000 miles, and in many cases, even exceed 300,000 miles. The legendary durability of the 2JZ-GE engine is a significant factor in its long-term viability. However, weaknesses emerge over time. Automatic transmissions are a known area that may require attention or rebuilding around the 150,000-mile mark. Suspension components will also need refurbishment. Rust, if exposed to harsh road salt, can compromise the chassis and body panels. The key to maximizing its lifespan lies in consistent, proactive maintenance, addressing minor issues before they escalate, and addressing rust potential. With diligent care, it remains a durable vehicle.
What Technology & Safety Features are Included?
The 2001 Lexus IS 300, while not a technological pioneer by today's standards, offered a respectable suite of features for its time, emphasizing comfort and convenience. Standard entertainment typically included a premium ELS audio system with a single-disc CD player. While auxiliary inputs or Bluetooth were not available, the sound quality was generally well-regarded. Optional features included a sophisticated navigation system, which was a significant technological advancement for many luxury cars in 2001. In terms of driver-assistance features, the IS 300 came standard with Vehicle Stability Control (VSC) and Traction Control (TRAC), which were crucial for its rear-wheel-drive layout, especially in adverse weather conditions. The Anti-lock Braking System (ABS) was also standard, providing enhanced stopping power and control. Safety was a priority for Lexus. Standard safety equipment included a robust set of airbags: front dual-stage airbags for the driver and front passenger, and front side-impact airbags. The vehicle was built with a strong unibody construction designed to absorb impact energy. Crash-test ratings for the 2001 Lexus IS 300 were generally positive for its era. The Insurance Institute for Highway Safety (IIHS) gave it a "Good" rating in their frontal offset crash tests, indicating good occupant protection. The National Highway Traffic Safety Administration (NHTSA) also awarded it four out of five stars in frontal crash tests for both the driver and front passenger. These ratings, combined with the standard electronic stability and traction control systems, positioned the IS 300 as a safe and secure vehicle for its time.
What Colors Options are Available?
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2001 Lexus IS 300 Prices and Market Value
When new, the 2001 Lexus IS 300 had an original MSRP ranging from approximately $30,000 to $35,000, depending on the chosen options and body style (sedan vs. SportCross). As a luxury sport sedan, it experienced typical depreciation in its early years. Currently, used market prices for a 2001 IS 300 can vary significantly, but you can often find examples ranging from $3,000 to $8,000 for models with average mileage and condition. Well-maintained, lower-mileage examples, especially those with desirable features like a manual transmission or the SportCross body, can command higher prices, potentially up to $10,000 or more. Factors affecting resale value include overall condition, mileage, maintenance history, presence of rust, and the rarity of specific options or trims. Its strong reputation for reliability and the iconic 2JZ engine help it retain value better than many of its contemporaries.
2001 Lexus IS 300 Cost of Ownership
Owning a 2001 Lexus IS 300 can be relatively economical for a luxury sedan, largely due to its exceptional reliability and the availability of affordable parts. Insurance costs are typically moderate, falling within the average range for a vehicle of its age and class. Fuel economy, while not stellar, is reasonable for its performance, averaging around 18-24 MPG combined. Maintenance costs are generally predictable, with routine services being quite affordable. However, repairs, particularly for major components like the transmission or if specialized Lexus parts are needed, can be more expensive than for a mainstream sedan. Overall, with proactive maintenance, it’s a cost-effective choice for long-term ownership, avoiding the steep depreciation and often higher repair bills of newer luxury vehicles.
2001 Lexus IS 300 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
66.24 liters
City Mileage
7.65 km/l
Highway Mileage
9.78 km/l
2001 Lexus IS 300 Safety Rating
NHTSA
IIHS
2001 Lexus IS 300 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
Expired
Powertrain
Original warranty
72 months / 70,000 miles
Estimated remaining
Expired
Rust
Original warranty
72 months / unlimited miles
Estimated remaining
Expired
2001 Lexus IS 300 Insurance
Insurance for a 2001 Lexus IS 300 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2001 Lexus IS 300 Compare to Other Sedan?
The 2001 Lexus IS 300 competed in the compact luxury sedan segment against rivals like the BMW 3 Series (E46 generation), Audi A4, and Mercedes-Benz C-Class. In terms of performance, the IS 300's 3.0-liter inline-six offered smooth power delivery and a refined driving experience, though the BMW 3 Series often had a slight edge in outright sportiness and handling precision. The Audi A4 and Mercedes-Benz C-Class offered different driving dynamics, with the Audi often praised for its quattro all-wheel-drive system (though often at the expense of fuel economy) and the Mercedes for its plush ride. Features-wise, the IS 300 was well-equipped for its price point, offering luxury amenities and strong safety tech. Rivals might have offered more cutting-edge technology in certain areas, but Lexus' emphasis was on solid, dependable luxury. Reliability is where the IS 300 truly shines. Lexus' reputation for dependability far surpassed many of its European competitors, which were often plagued by more frequent and costly repairs. The 2JZ-GE engine is legendary for its robustness. Price-wise, the IS 300 was generally positioned very competitively, offering a compelling value proposition for buyers seeking luxury and performance without the premium maintenance costs associated with German brands. Similar alternatives in terms of a blend of sportiness and reliability might include a well-maintained Acura TL of the same era, which offered front-wheel-drive dynamics but also strong reliability. For those prioritizing ultimate driving engagement, a BMW 3 Series would be a strong contender, but with a higher potential for maintenance expenses. If budget is a primary concern and reliability is paramount, the Acura TL is a very strong alternative. If sportiness is the absolute top priority and one is willing to accept higher maintenance risks, a BMW 3 Series is worth considering. However, for a balanced package of luxury, performance, and long-term affordability, the 2001 Lexus IS 300 remains a compelling choice.
Final Verdict: Is the 2001 Lexus IS 300 a Good Sedan?
The 2001 Lexus IS 300 is ideal for budget-conscious individuals seeking a reliable, stylish, and engaging entry into the luxury sedan segment. It's perfect for those who appreciate a refined driving experience and the peace of mind that comes with Lexus' legendary dependability, without the exorbitant maintenance costs of some European rivals. It is absolutely worth buying, especially on the used market. Look for models with a meticulous maintenance history, paying close attention to the transmission and any signs of rust. Manual transmission models and the SportCross wagon are rarer and can be more desirable for enthusiasts. Avoid vehicles with neglected service records or obvious signs of major mechanical issues. With careful inspection and a reasonable purchase price, the 2001 IS 300 offers excellent long-term value and ownership satisfaction.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma