Lexus LC 500 Review: Features, Pricing and Specs
The Lexus LC 500 is the company's flagship sports car. It features a powerful naturally aspirated 5.0-litre V8 engine that delivers an impressive 351kW and 540Nm. Yamaha helped develop this remarkable powerplant, which belongs to a rare group of non-turbo-fed eight-cylinder engines.
This grand tourer comes in striking coupe and convertible forms and has caught everyone's attention since the convertible's local launch in 2020. This Lexus LC500 review will help you decide if its performance matches its $218,241 Driveaway* starting price before on-road costs.The Lexus LC 500 interior's craftsmanship deserves attention, and we'll see how it compares to the Mercedes-Benz S560 coupe that costs $120,000 more. You can choose between special edition models with their bespoke grey metallic matte finish and special 21-inch alloy wheels or standard versions to find if this Lexus belongs in your garage.
Lexus LC500 Design and Build Quality
Design artistry and engineering excellence shine through every curve of the Lexus LC 500. The legendary Takumi master craftsmen watch over critical production stages. Their exceptional attention to detail sets this flagship apart from competitors.
Exterior Styling: Coupe vs Convertible
The convertible keeps the coupe's award-winning design while creating its own identity. The convertible body stays just 10mm longer and 5mm taller than its fixed-roof sibling, thanks to excellent packaging. A distinctive silhouette emerges from the beltline that kicks up behind the doors. This creates a tight, clean profile that makes the body appear to wrap around the cabin.
Both models share Lexus' signature "spindle" grille with a gradient pattern. The pattern compresses tightly at the top and widens into a diamond at the bottom, without the typical chrome surround. Compact LED triple-projector headlights sit between the bumpers and wheels, adding to the car's striking look.
Paint Finish and Body Details
Lexus created a stunning palette of finishes, including Sonic Copper and Cobalt Mica.
The LC uses a sophisticated mix of materials, carbon-fibre composites, aluminium, and steel, to create a rigid yet lightweight structure. Some variants feature a world-first innovation: incrementally-formed canards built into the front bumper. These canards regulate airflow to boost handling and stability.
Convertible Roof Design and Functionality
The convertible's multi-layered canvas roof stands as a remarkable feat of engineering. Lexus had never built a soft-top before, yet they created a system that works in just 15 seconds at speeds up to 50km/h. Most convertible mechanisms last around 10 years, but this is a big deal as it means that Lexus tested their system to approximately 18,000 open/close cycles.
A clever extra fold in the soft top lets it stow neatly between the rear suspension towers without losing luggage space. The convertible keeps almost the same boot capacity as the coupe at 172 litres. The roof comes in three colours (Beige or Blue) and blocks unwanted noise. Its hydraulic motor runs with Lexus' characteristic quiet efficiency.
Interior Experience and Lexus Craftsmanship
The LC 500's interior surpasses typical luxury expectations. You'll notice the Takumi craftsmanship in every stitch, panel, and control surface.
Lexus LC 500 Interior Materials and Layout
The artistic cockpit surrounds you with premium materials and avant-garde design rather than retro styling. The leather and metal finishes are better than what you'd find in similarly priced competitors. Dark Rose now replaces Flare Red, and you can choose from ochre and black options. The intuitive configuration shows off sweeping curves with unique climate controls and console layouts that set it apart from other Lexus models.
Front Seat Comfort and Adjustability
The front seats went through extensive development. The team needed over 50 prototypes across two years to perfect the driving position. These 12-way power-adjustable seats give excellent support with deep-hung upholstery and quilted semi-aniline leather trim. The ample side bolstering keeps you secure when you're driving spiritedly. Your hip sits remarkably close to the car's centre of gravity, which maximises the feedback you get from the vehicle.
Rear Seat and Boot Space Limitations
The rear seats are really just shelves. An average adult won't find any legroom with the driver's seat in a normal position. The boot space is tight too. The convertible gives you just 149 litres, while the coupe offers a bit more at 197 litres. You should think of the LC as a two-seater with extra storage space.
Infotainment System: 12.3-inch Touchscreen
Lexus has finally ditched the frustrating trackpad controller. The new 12.3-inch touchscreen shows bright graphics with simple menu layouts. This better system runs Lexus Interface software that enables over-the-air updates and voice assistant features. The wireless Apple CarPlay and wired Android Auto now provide smooth connectivity.
Mark Levinson Audio and Connectivity Features
The 13-speaker Mark Levinson system pumps out 918 watts of crystal-clear sound. Sound experts measured frequencies throughout the cabin to find the best speaker locations. Active noise control technology keeps things quiet by detecting and cancelling specific engine sounds. Each system gets custom tuning that matches the LC's unique acoustic characteristics.
Performance and Driving Dynamics
The LC 500's elegant bonnet conceals a technical masterpiece that creates a unique driving experience. Its naturally aspirated 5.0-litre V8 provides a raw connection that modern turbocharged engines often lack.
Engine Specs: 5.0L V8, 351kW/540Nm
A Yamaha-tuned 5.0-litre V8 powers the LC 500's heart. It generates 351kW at 7100rpm and 540Nm of torque at 4800rpm. This naturally aspirated engine focuses on delivering an emotional driving experience rather than pure power numbers. The engine's immediate throttle response creates a more engaging feel than its turbocharged competitors, despite their higher power figures. Active sound control valves make the V8's soundtrack a joy to hear, especially during start-up and acceleration.
Transmission and Drive Modes
The 10-speed automatic transmission features close gear ratios that create rhythmic gear changes with excellent timing. The transmission works well with the engine's character, though some reviewers mention slightly slow upshifts in manual mode. Drivers can customise the powertrain, chassis and climate control systems through six drive modes: Normal, Eco, Comfort, Sport S, Sport S+ and Expert. The LC 500 becomes truly aggressive in Sport+ mode with instant throttle response and quick gear changes.
Ride Comfort and Handling on Australian Roads
A multi-link suspension delivers precise turn-in and steering feedback while maintaining a smooth ride even with 21-inch wheels. The convertible model shows some chassis flex on rough roads. Lexus optimised the handling through chassis upgrades like lighter forged aluminium suspension parts and modified shock absorber length.
Fuel Economy: Real-World vs Claimed
The official fuel consumption rating stands at 11.6L/100km, but real-world numbers tend to be higher. Owners typically see average consumption between 17.8 to 19.6 MPG (about 12 to 13.2L/100km). Mixed driving conditions can push consumption up to 15L/100km when driven enthusiastically.
Convertible Driving Experience
Top-down driving makes the V8's intoxicating sound even more impressive. The open air creates a stronger connection to the powertrain. The convertible keeps most of its coupe sibling's dynamic abilities while adding an extra dimension to the drive, though some body flex appears on rough roads that the coupe doesn't experience.
Lexus LC 500 Price Australia and Value
The LC 500 brings luxury at a premium price point to Australian buyers. Lexus offers their flagship grand tourer in several versions that match what buyers want.
Base Price
The LC 500 lineup starts at $312,884 for the coupe and reaches $333,689 for the convertible. Buyers looking for something special can get the Limited Edition at $357,783. Lexus takes pride in their "there is no option list" approach, you get everything upfront without hidden costs. The Limited Edition stands out with its Structural Blue exterior, a result of a 15-year research project, along with white leather and blue accents inside.
Warranty and Servicing Costs
A five-year unlimited kilometre warranty comes standard with every Lexus. Your LC will need servicing yearly or every 15,000km, with each service capped at $795. This adds up to $2,385 for three years of scheduled maintenance.
Ride Comfort and Handling on Australian Roads
Every LC 500 comes with a three-year Lexus Encore Platinum membership. This premium program lets you loan a Lexus model up to 32 days over three years through Lexus On Demand. You also get eight free valet parking visits at select locations.
Comparison with BMW 8 Series and Mercedes-Benz SL
BMW's 8 Series convertible starts at $212,000, while Mercedes-AMG asks $159,864 for their SL. The LC 500 stands out by including many features as standard that you'd find on its competitors' options lists.
Conclusion
If you're considering the Lexus LC 500, our team at Lexus of Parramatta can help you explore the range and choose the variant that suits how you plan to drive it. Our team can talk you through features, availability, and ownership benefits.
Frequently Asked Questions
Is the Lexus LC 500 available as a soft-top convertible in Australia?
Yes. The LC 500 is sold in both coupe and soft-top convertible forms in Australia, with the convertible using a fabric roof that opens and closes electronically.
What kind of leather is used in the Lexus LC 500 cabin?
Depending on the grade, the LC 500 can feature premium leather, including semi-aniline leather upholstery on higher-spec variants. This is a softer, more natural-feeling leather finish typically used in luxury cabins.
What driver assistance FEATURES does the Lexus LC 500 have?
The LC 500 includes a suite of driver assistance and safety tech that can vary by model year, but commonly includes systems like autonomous emergency braking, lane-related assistance, adaptive cruise control, and blind-spot monitoring.
What is the boot size in the Lexus LC 500?
Boot volume varies by body style. The coupe typically offers more boot space than the convertible due to the roof storage hardware. If boot space matters (for weekend bags, golf clubs, or travel), it’s worth checking the exact figure for the specific model year and variant you’re considering.
What are the running costs like for an LC 500?
Running costs are mainly influenced by fuel use, insurance, tyres, and servicing. The naturally aspirated V8 is not a “cheap to run” setup, especially in city driving, so budgeting for higher fuel consumption than smaller turbo or hybrid alternatives is sensible.
Is there a Hybrid LC 500h option in Australia?
The LC range has included a hybrid LC 500h in some markets and model years. Availability in Australia can vary by year and local lineup, so it’s best to confirm what’s currently offered here if you’re specifically looking for a hybrid.
What's the best price for a Lexus LC 500 in Australia?
There isn’t one universal best price because it depends on the variant (coupe vs convertible), model year, condition (new vs used), kilometres, and included features. The most reliable approach is to compare like-for-like vehicles and request a formal quote for the exact spec you want.
Can you change the exhaust tip on an LC 500?
Some owners choose to personalise the look with styling options, including an exhaust tip change. If you are considering and modifications, it's best to check warranty and compliance implications first.
*Recommended drive away price (RDP) shown is based on a vehicle with selected optional features or metallic/premium paint, garaged at the postcode entered, and includes 12 months registration, 12 months compulsory third party insurance (CTP), maximum dealer delivery charge and stamp duty. Please note actual drive away price may differ based on your delivery location, applicable statutory charges/taxes, and CTP requirements etc., in your state/territory. Lexus Australia reserves the right to vary or discontinue the current interior and exterior colours, trims and colour/trim/model combinations. Colours and trims displayed are a guide only and may vary from actual colours due to display process. Speak to your Lexus dealer to confirm when ordering your vehicle. Pricing correct at time of publication Jan 26