We're mostly not going to tell you to go for the Lexus for the obvious reasons. Apparently you have specific examples of each you are considering, so a 5-speed is apparently not in the cards for you. Without knowing the mechanical history of the 535 in question, at that mileage the transmission is likely to become an expensive concern before long. Less likely this would be true of the Lexus, in my opinion.

But I would far rather look at the E34 body in my garage day after day, not to mention caress and clean its nether regions, upgrade its hardward, etc. than a first-generation GS.

If you want sport and style, BMW.
If you want dependability and ? then Lexus.


Quote Originally Posted by MikeM
I am considering buying a well maintained 1992 535i automatic w/118,000 mi. and clean OR a 94 Lexus 300 GS with 98,000 mi also very immaculate. The Lexus seem smoother and quieter and has a cool dual exhaust. But the 535i, which has a chip (JC) has a kind of great raw power.
Guys give me your impressions of both cars and the longterm ownership/maintenance advantages.

Thanks
Mike