Here's why you should buy one.
As far as flagship grand touring cars go, the Lexus LC 500 is a rather good one. The styling looks like a concept, the engine sounds stupendous, and the interior gives off a sense of occasion. Best of all, the LC comes with proven Lexus reliability, meaning it will remain out on the road, where it belongs, rather than sitting in a dealer service bay racking up expensive repairs. Not everyone can afford the LC 500's $92,950 starting price but if you are willing to look at a used example, prices are starting to come down tremendously. They may not be at the level we'd call "cheap" but it is time to put this car on people's radars.
The Lexus LC 500 is a stunner. No matter where you park it, everyone is going to ask you about your car, so get used to being the center of attention. 'LC' stands for luxury coupe, perfect for when you want to take a thousand-mile road trip on a whim. This isn't to say the LC isn't sporty. It still delivers excellent steering, an intoxicating exhaust note, and plenty of power. The LC leans more towards comfort than aggression but for everyday driving, it is remarkably well-balanced. And unlike a lot of luxury cars at its price point, the LC shouldn't require pricey repairs and services.
Used LC 500s can now be found starting around $60,000. These cars still have relatively low mileage (less than 30,000 miles) but are sold without a warranty. Certified pre-owned examples aren't much more expensive, with prices starting around $67,000. Lexus' CPO program includes limited bumper-to-bumper coverage for up to six years and an unlimited mileage period starting from the vehicle's original purchase date. It also includes four factory-recommended services for two years or 20,000 miles, a 161-point inspection, 24/7 roadside assistance, and loaner cars.
Power comes from a 5.0-liter 2UR-GSE V8 engine, which produces 471 horsepower and 398 pound-feet of torque going to the rear wheels through a 10-speed automatic transmission. This engine is buttery smooth during normal driving and ear-shattering when you rev it out to its 7,300-rpm redline. 0-60 mph takes around 4.8 seconds; the car does weigh in at a hefty 4,258 pounds after all. There is also an LC 500h hybrid model with a V6 totaling 354 hp but we highly recommend the V8.
Even compared to the wild exterior, the cabin design of the LC 500 still manages to impress. Especially when finished in a brighter color like tan or white, the intricate stitching of the leather and Alcantara looks like a work of art. Measured against cars costing twice as much, this interior still feels special. There are a few drawbacks though, including a lack of storage space and one of the clunkiest infotainment systems on the market. The updated 2021 LC 500 now features Android Auto and Apple CarPlay but early examples lacked either.
If you are planning to drive the LC every day, you should know that the rear seats are tiny and barely provide enough room for adults. Likewise, the trunk only includes 5.4 cubic feet of space with no method to fold down the rear seats for more. Even amongst four-seater GT cars, the LC 500 is not the most practical car. On the plus side, the LC 500 manages decent fuel economy figures of 16-mpg city and 25-mpg highway. If you put the car into Eco mode and feather the throttle, you can eke out 30-mpg on the highway.
The LC 500 hasn't reached bargain prices just yet but it is well on its way. In a few more years, we imagine that used LC 500 examples will dip into the $40,000 range, making them more affordable for savvy shoppers. For around $60,000, a used LC 500 is a tremendous used purchase that shouldn't cause any expensive headaches for owners. You can even get one with a CPO warranty, pretty much guaranteeing that any unforeseen issues will be handled without breaking the bank.