Do set aside the funds for repair. I did not spend enough time researching a 1990 LS400 with 169,000 miles. Within the first month of ownership I have had to replace the power steering pump, the alternator (I got stranded on the highway), the steering rack, front brake pads, timing belt and lower ball joint. (Cost: $4600 USD or about 2400 GBP) Two different mechanics are also recommending front stuts and front upper control arms -- for approximately the amount I have already had to put into the car. But, since I haven't even had the car a month, I think I'll just hold off for a while -- maybe a long while.
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Thanks for the warning .......I'm hoping the warranty will cover such a contingency.
I should really pay for a vehicle examination....about £300 through the RAC...but obviously worthwhile.