The major differences between a Lexus and a Camry are as follows:
- Variations of engine design (VVTi vs. non VVTi)
- Transmission type (4 speed auto vs. 5 speed auto)
- increased creature comforts
- Fit and finish is improved
Having said that, I know of a few people who opted for a fully loaded Camry instead of the Lexus and put the savings into a higher level of maintenance (i.e. Mobil 1 oil changes, more rigorious maintenance practices, etc.) Mind you these people have other Lexus models as well (i.e. SC400, LS 400, SC430, LS 430).
Also keep in mind that maintenance on Lexus vehicles are considerably more expensive at the dealer then a Toyota vehicle. At my local dealership in Toronto, Canada, a oil change is $29.95 for my
2002 Camry LE V6. The Lexus dealer charges $59.95 for the same service. I get better donuts and other frills, but for $30 savings, I can get a hell of a lot of donuts.Other services and maintenance items are more expensive. So if you are willing to get a better built car and pay for the upkeep, then the Lexus is the better. If you want to save the $$ and get a fully loaded Camry and do the same level of maintenance, then that is also good. How will the cars be in 10 years.... I would say about the same.