Front end should be rock solid, unless the alignment is off. Two ways the alignment could be off are accident and the alignment was not properly done or couldn't be properly done because something was bent. Or a lift was added without putting in new bushings to allow proper adjustment of the caster.
Does it have a lift of more than 1 to 2"?
If it had factory lockers, that would be a major plus in my book. As would things like limited number of owners. Knowing the history of the rig, etc.
As far as price, it's a really tough call. Prices of Land Cruisers and LX450s are falling like a rock right now. A few years ago, that would have been a pretty good deal. Today, assuming the rig is in perfect condition for it's age and mileage, I'd say it's an OK deal. But price also depends on where you live. Some areas, LCs are very rare, so that causes the value to be higher than other areas, where they are a dime a dozen.
I'd run a car fax on it for sure. Look for signs of any body or frame damage. Flood damage. Check it for rust. These are the things that would most concern me.
With that mileage and depending on maintainence, you'll probably need to do so a major coolent service on it, including replacing some heater hoses. The headgasket issue might end up rearing it's ugly head. The entire front axle probably needs a rebuild and rear axle probably needs a service. Starter and alternator will probably need a rebuild by this time, if they haven't already been done. So things to consider as they add to the overall cost of ownership.
