While this is a good thing in terms of potential damage from a broken timing belt, it is important to note that timing belts should still be replaced at the recommended intervals (usually around 100,000 miles or 10 years).
Failing to do so could lead to other problems such as:
* Engine damage: While the valves won't hit the pistons, the timing belt is what keeps the valves and camshafts synchronized. A broken belt can cause the valves to be out of sync, leading to decreased performance and potential engine damage.
* Costly repairs: Replacing a timing belt after it has broken is more expensive than preventative maintenance.
So, while the 2001 Lexus LS430 V8 is a non-interference engine, it's still important to follow the recommended maintenance schedule to ensure the long life and reliability of your engine.