The 2023 Lexus LC 500 is a luxurious grand tourer that debuted in 2018. Available as a coupe and convertible, it stands out with its breathtaking styling and a powerful naturally aspirated V8 engine. Key trims include the LC 500 and the LC 500h hybrid. Pricing generally ranges from around $100,000 to $120,000. Its popularity stems from its exotic looks, engaging driving dynamics, and Lexus' reputation for quality.
The Good
The LC 500 boasts a soul-stirring V8 engine for exhilarating performance. Its stunning design captivates emotionally, while Lexus' renowned reliability offers practical peace of mind. The luxurious interior provides exceptional comfort for grand touring.
The Bad
Potential buyers should be aware of its relatively high purchase price and the fact that the infotainment system's touchpad controller can be finicky. Rear-seat space is also quite limited, making it more of a 2+2 configuration.
2023 Lexus LC 500: Quick Overview
- Engine Options: The 2023 Lexus LC 500 primarily offers two powertrains:
- A 5.0-liter V8 gasoline engine.
- A multi-stage hybrid system (LC 500h).
- Horsepower:
- 5.0L V8: 471 horsepower.
- LC 500h Hybrid: 354 combined horsepower.
- Fuel Economy (EPA Estimates):
- 5.0L V8 Coupe: Approximately 15 MPG city / 21 MPG highway / 17 MPG combined.
- 5.0L V8 Convertible: Similar to the coupe, around 15/21/17 MPG.
- LC 500h Hybrid: Approximately 27 MPG city / 34 MPG highway / 30 MPG combined.
- 0-60 Times:
- 5.0L V8: Around 4.4-4.7 seconds.
- LC 500h Hybrid: Around 4.7 seconds.
- Towing Capacity: The Lexus LC 500 is not designed for towing, and no towing capacity is listed.
- Key Trim-Level Features (LC 500):
- Standard Features: LED headlights and taillights, 20-inch alloy wheels, leather upholstery, heated and ventilated front seats, power-adjustable steering column, 10.3-inch infotainment display, Apple CarPlay and Android Auto integration, Lexus Safety System+ (pre-collision system with pedestrian detection, lane departure alert, adaptive cruise control, intelligent high beams), blind-spot monitoring, rear cross-traffic alert, backup camera.
- Optional Features: 21-inch forged alloy wheels, carbon-fiber roof, performance package (limited-slip differential, sport-tuned suspension), Mark Levinson premium audio system, head-up display, upgraded leather and Alcantara interior trim, heated steering wheel, Lexus Enform Wi-Fi.
- LC 500h Features: Includes most standard LC 500 features plus the hybrid powertrain and specific hybrid badging.
2023 Lexus LC 500 Specifications
Vehicle Information
| Year | 2023 |
| Make | Lexus |
| Model | LC 500 |
| Trim | - |
| Style | - |
| Type | Convertible |
| Category | Convertible |
Manufacturing Details
| Made In | Japan |
| Manufacturing City | TOYOTA CITY |
Dimensions
| Doors | 2-Door |
| Curb Weight | 2059.31 kg |
| Gross Vehicle Weight Rating | 2721.55 kg |
| Overall Height | - |
| Overall Length | 476 cm |
| Overall Width | - |
| Wheelbase Length | 287.02 cm |
| Standard Seating | 4 |
Engine & Performance
| Engine | 5L V8 |
| Engine Size | 5L |
| Engine Cylinders | 8 |
| Transmission | 10-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | - |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $101,500 USD |
| Invoice Price | - |
| Delivery Charges | $1,150 USD |
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What Problems Does the 2023 Lexus LC 500 Have?
The 2023 Lexus LC 500, like many Lexus vehicles, generally enjoys a strong reputation for reliability. However, no vehicle is entirely without potential issues. For the LC 500, some owners have reported minor concerns, primarily related to the infotainment system. The touchpad controller, while intuitive for some, can be a source of distraction or frustration for others, particularly when trying to make precise inputs while driving.
Electrical gremlins, though rare, can sometimes manifest as glitches in the various electronic systems, such as minor issues with the audio or climate control. These are typically software-related and can often be resolved with updates or resets. Over the LC 500's lifespan since its introduction, there haven't been widespread, systemic mechanical failures reported that would indicate a significant long-term reliability concern.
Recalls for the LC 500 have been infrequent and typically involve minor issues that are addressed proactively by Lexus. For instance, there might be recalls related to specific software calibrations or minor component checks. It is always advisable for owners to stay updated on any issued recalls through the NHTSA website or by contacting their Lexus dealership.
When considering older model years (prior to 2023), it's good practice to check for any service bulletins or common owner-reported issues for those specific years. However, the core mechanical components of the LC 500, particularly the V8 engine and the underlying platform, have proven to be robust. The focus for long-term ownership reliability will likely hinge on the upkeep of the interior materials and the sophisticated electronic systems, rather than major mechanical wear and tear, given its nature as a grand tourer rather than a daily workhorse for most owners.
Electrical gremlins, though rare, can sometimes manifest as glitches in the various electronic systems, such as minor issues with the audio or climate control. These are typically software-related and can often be resolved with updates or resets. Over the LC 500's lifespan since its introduction, there haven't been widespread, systemic mechanical failures reported that would indicate a significant long-term reliability concern.
Recalls for the LC 500 have been infrequent and typically involve minor issues that are addressed proactively by Lexus. For instance, there might be recalls related to specific software calibrations or minor component checks. It is always advisable for owners to stay updated on any issued recalls through the NHTSA website or by contacting their Lexus dealership.
When considering older model years (prior to 2023), it's good practice to check for any service bulletins or common owner-reported issues for those specific years. However, the core mechanical components of the LC 500, particularly the V8 engine and the underlying platform, have proven to be robust. The focus for long-term ownership reliability will likely hinge on the upkeep of the interior materials and the sophisticated electronic systems, rather than major mechanical wear and tear, given its nature as a grand tourer rather than a daily workhorse for most owners.
How long will the 2023 Lexus LC 500 last?
Based on owner data and typical usage patterns for a luxury grand tourer, the 2023 Lexus LC 500 is expected to provide excellent long-term durability. Many owners will likely treat it as a weekend or fair-weather vehicle, potentially accumulating around 5,000 to 10,000 miles per year. This would suggest a service life well exceeding 150,000 to 200,000 miles with proper maintenance. The V8 engine and robust drivetrain are built for longevity. Weaknesses over time are more likely to be associated with the sophisticated electronics and interior trim, which, while high-quality, can show wear with extensive use or exposure to harsh conditions. Regular servicing at a Lexus dealership is key to maximizing its lifespan.
What Technology & Safety Features are Included?
The 2023 Lexus LC 500 offers a sophisticated suite of technology, entertainment, and safety features designed to enhance the driving experience. Standard technology includes a 10.3-inch high-resolution infotainment display, which is compatible with Apple CarPlay and Android Auto, allowing seamless integration of smartphone functions. It also features integrated navigation, Bluetooth connectivity, and a premium audio system.
For entertainment, an optional Mark Levinson 13-speaker surround sound system is available, delivering an audiophile-grade listening experience. A heads-up display (HUD) is also an optional feature, projecting important driving information like speed, navigation prompts, and safety alerts directly onto the windshield in the driver's line of sight.
In terms of driver-assistance and safety, the LC 500 comes standard with the comprehensive Lexus Safety System+. This suite includes: pre-collision system with pedestrian detection, lane departure alert with steering assist, adaptive cruise control, and intelligent high beams. Additionally, standard safety features include blind-spot monitoring and rear cross-traffic alert, which are crucial for a car with limited rear visibility. A backup camera is also standard.
Optional safety and driver-assistance features might include more advanced parking sensors or a 360-degree camera system, depending on specific packages.
Regarding crash-test ratings, the Lexus LC 500 has not been extensively tested by major safety organizations like the NHTSA or IIHS in the same way mainstream vehicles are, due to its low production volume and luxury segment positioning. However, Lexus vehicles generally perform very well in crash tests, and the LC 500 is engineered with a high-strength chassis and numerous airbags. Its structural integrity and comprehensive safety systems contribute to a high level of passive and active safety, though specific numerical ratings are less commonly published for niche luxury models.
For entertainment, an optional Mark Levinson 13-speaker surround sound system is available, delivering an audiophile-grade listening experience. A heads-up display (HUD) is also an optional feature, projecting important driving information like speed, navigation prompts, and safety alerts directly onto the windshield in the driver's line of sight.
In terms of driver-assistance and safety, the LC 500 comes standard with the comprehensive Lexus Safety System+. This suite includes: pre-collision system with pedestrian detection, lane departure alert with steering assist, adaptive cruise control, and intelligent high beams. Additionally, standard safety features include blind-spot monitoring and rear cross-traffic alert, which are crucial for a car with limited rear visibility. A backup camera is also standard.
Optional safety and driver-assistance features might include more advanced parking sensors or a 360-degree camera system, depending on specific packages.
Regarding crash-test ratings, the Lexus LC 500 has not been extensively tested by major safety organizations like the NHTSA or IIHS in the same way mainstream vehicles are, due to its low production volume and luxury segment positioning. However, Lexus vehicles generally perform very well in crash tests, and the LC 500 is engineered with a high-strength chassis and numerous airbags. Its structural integrity and comprehensive safety systems contribute to a high level of passive and active safety, though specific numerical ratings are less commonly published for niche luxury models.
What Colors Options are Available?
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2023 Lexus LC 500 Prices and Market Value
When new, the 2023 Lexus LC 500 had an MSRP that typically started around $100,000 for the coupe and could easily climb to $120,000 or more with options and for the convertible. Currently, on the used market, 2023 models are starting to appear, with prices often ranging from $85,000 to $105,000, depending on mileage, condition, and trim. The LC 500 experiences a more pronounced initial depreciation than some more mainstream luxury cars, common for high-end coupes. Factors affecting resale value include mileage, maintenance history, condition of the interior and exterior, rarity of specific options, and overall market demand for V8-powered luxury grand tourers. Lexus' reputation for reliability generally helps it hold value better than some competitors over the long term.
2023 Lexus LC 500 Cost of Ownership
The 2023 Lexus LC 500 is a costly vehicle to own. Insurance premiums will be high due to its luxury status, performance, and replacement cost. Fuel economy, especially for the V8, is poor, leading to significant fuel expenses. Maintenance costs are also higher than average, with specialized parts and labor required. Repairs, if needed, can be very expensive. The LC 500 is not an economical car to own; it is a discretionary purchase for those with the financial means to support its premium ownership experience.
2023 Lexus LC 500 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
82.14 liters
City Mileage
6.38 km/l
Highway Mileage
10.63 km/l
2023 Lexus LC 500 Safety Rating
NHTSA
2023 Lexus LC 500 Warranty
Basic
Original warranty
48 months / 50,000 miles
Estimated remaining
12 months / 50,000 miles
Powertrain
Original warranty
72 months / 70,000 miles
Estimated remaining
36 months / 70,000 miles
Rust
Original warranty
72 months / unlimited miles
Estimated remaining
36 months / unlimited miles
2023 Lexus LC 500 Insurance
Insurance for a 2023 Lexus LC 500 is moderately priced, reflecting its status as a Convertible with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2023 Lexus LC 500 Compare to Other Convertible?
The 2023 Lexus LC 500 competes in a niche segment of luxury grand tourers and performance coupes. Its closest rivals often include cars like the Porsche 911, BMW 8 Series, Mercedes-Benz SL, and Aston Martin Vantage.
Performance: The LC 500's naturally aspirated V8 offers a unique, engaging driving experience with a fantastic sound, though its raw acceleration might not match some turbocharged rivals like the 911 or the more potent 8 Series M8. The chassis is exceptionally well-balanced, providing confident handling, but it leans more towards comfortable touring than outright track performance.
Features: Lexus typically excels in providing a comprehensive suite of standard luxury and safety features, often exceeding what competitors offer as standard. The LC 500's interior is beautifully crafted with high-quality materials. However, its infotainment system, particularly the touchpad controller, is often cited as less intuitive than the systems found in BMW or Mercedes-Benz vehicles.
Reliability: This is where the Lexus LC 500 shines. Compared to its European rivals like Porsche, BMW, and Mercedes-Benz, Lexus has a demonstrably superior reputation for long-term reliability and lower ownership costs related to repairs. Aston Martin, being a more exotic brand, also generally commands higher maintenance and repair expenses.
Price: The LC 500 is often priced competitively, sometimes offering more standard equipment for a similar or lower price than a similarly equipped Porsche 911 or Aston Martin Vantage. The BMW 8 Series and Mercedes-Benz SL can also overlap in pricing.
Alternatives:
For buyers prioritizing stunning design, V8 character, and exceptional long-term reliability in a luxury grand tourer, the 2023 Lexus LC 500 is a superb choice. If outright track performance or the latest cutting-edge infotainment is paramount, rivals might be more appealing, but likely at the expense of reliability and potentially cost.
Performance: The LC 500's naturally aspirated V8 offers a unique, engaging driving experience with a fantastic sound, though its raw acceleration might not match some turbocharged rivals like the 911 or the more potent 8 Series M8. The chassis is exceptionally well-balanced, providing confident handling, but it leans more towards comfortable touring than outright track performance.
Features: Lexus typically excels in providing a comprehensive suite of standard luxury and safety features, often exceeding what competitors offer as standard. The LC 500's interior is beautifully crafted with high-quality materials. However, its infotainment system, particularly the touchpad controller, is often cited as less intuitive than the systems found in BMW or Mercedes-Benz vehicles.
Reliability: This is where the Lexus LC 500 shines. Compared to its European rivals like Porsche, BMW, and Mercedes-Benz, Lexus has a demonstrably superior reputation for long-term reliability and lower ownership costs related to repairs. Aston Martin, being a more exotic brand, also generally commands higher maintenance and repair expenses.
Price: The LC 500 is often priced competitively, sometimes offering more standard equipment for a similar or lower price than a similarly equipped Porsche 911 or Aston Martin Vantage. The BMW 8 Series and Mercedes-Benz SL can also overlap in pricing.
Alternatives:
- Porsche 911: Offers superior performance and handling dynamics, especially for track enthusiasts. Reliability is good but generally not on par with Lexus. Higher price point for comparable luxury features.
- BMW 8 Series: Stronger performance options (especially M8), more modern infotainment. Reliability is typically good but less than Lexus.
- Mercedes-Benz SL: A luxurious and comfortable convertible, often with more advanced tech. Reliability can be a concern compared to Lexus.
- Aston Martin Vantage: More exotic styling and a more visceral driving experience. Significantly more expensive and less reliable/more costly to maintain.
For buyers prioritizing stunning design, V8 character, and exceptional long-term reliability in a luxury grand tourer, the 2023 Lexus LC 500 is a superb choice. If outright track performance or the latest cutting-edge infotainment is paramount, rivals might be more appealing, but likely at the expense of reliability and potentially cost.
Final Verdict: Is the 2023 Lexus LC 500 a Good Convertible?
The 2023 Lexus LC 500 is ideal for discerning buyers who prioritize stunning design, a soul-stirring naturally aspirated V8 engine, and legendary Lexus reliability in a luxury grand tourer package. It's a car for those who appreciate automotive art and enjoy the journey as much as the destination, rather than outright track dominance.
Whether it's worth buying depends on your priorities and budget. As a new purchase, it represents a significant investment, but offers exceptional build quality and a unique driving experience. Buying a slightly used LC 500 can offer excellent value, as the initial depreciation has occurred, while still providing near-new condition and reliability. The LC 500 coupe offers a more practical (though still limited) rear seat and a lower entry price compared to the convertible. For most, the standard LC 500 trim provides a nearly complete luxury experience, with options adding personal touches rather than essential functionality.
Whether it's worth buying depends on your priorities and budget. As a new purchase, it represents a significant investment, but offers exceptional build quality and a unique driving experience. Buying a slightly used LC 500 can offer excellent value, as the initial depreciation has occurred, while still providing near-new condition and reliability. The LC 500 coupe offers a more practical (though still limited) rear seat and a lower entry price compared to the convertible. For most, the standard LC 500 trim provides a nearly complete luxury experience, with options adding personal touches rather than essential functionality.
Cathleen V
Cathleen is an exceptional freelance writer covering hot topics in the automotive world from a gearhead's perspective. Her articles delve into various aspects of automotive technology and history, offering readers detailed insights into engine performance, reliability, and maintenance. Through her engaging and informative writing, Cathleen provides valuable information to automotive enthusiasts and consumers alike, helping them make informed decisions about vehicle maintenance and purchases.