How much does a Lexus LS 500 convertible cost?
The LS 500 Convertible is no longer sold as a new car; production ended after the 2020 model year. On the used market, prices vary widely based on year, mileage, and condition, but you can expect a broad range roughly from the low six figures down to the mid six figures for well-kept or rare examples.
In more detail, the question of price depends on whether you’re looking at a late-model used car with low miles or a higher-mileage example from the initial run. The following sections outline the model’s availability, typical used-price ranges, what drives those prices, and tips for shopping in the current market.
Availability and history
Below are key facts about when the LS 500 Convertible was in production and its current status in the market.
- Production span: marketed as a 2019–2020 model year in the United States (briefly available during those years).
- Current status: not offered new by Lexus; no active production or new-car inventory for this model.
- Common drivetrain: shares the same powertrain approach as the LS 500 sedan (noting it is the drop-top variant).
In short, buyers today are limited to the used-car market, where availability is relatively limited and prices reflect rarity as well as condition and mileage.
Price ranges on the used market
These ranges provide a rough guide to what used LS 500 Convertibles have been listed for, acknowledging that individual listings can vary significantly.
- 2019 model year: commonly seen in the used market roughly from the upper $70,000s up to about $110,000, depending on mileage and equipment.
- 2020 model year: commonly seen in the used market roughly from the mid-$80,000s up to about $120,000, with low-mileage examples tending toward the higher end.
- Premium or low-mileage examples: well-maintained cars with fewer miles and desirable options can push prices toward $120,000–$140,000 or more, though such listings are rarer.
Prices fluctuate with market demand, geographic availability, and individual vehicle history, so checking current listings is essential for an accurate snapshot.
What affects the price
Several factors determine how much you’ll pay for a used LS 500 Convertible. Here are the main drivers:
- Mileage: lower miles generally command higher prices.
- Model year and remaining warranty: newer examples with existing warranty coverage tend to be pricier.
- Overall condition: cosmetic wear, interior condition, and mechanical reliability influence value.
- Roof condition and top mechanism: smooth operation and absence of leaks or sags matter for a convertible.
- Options and trim level: premium wheels, interior materials, tech packages, and exclusive trims add value.
- Location and demand: markets with stronger demand for luxury convertibles may price higher.
- Maintenance history: complete service records and proof of timely maintenance boost resale value.
Understanding these factors helps buyers set a realistic target price and negotiate confidently.
How to buy a used LS 500 Convertible
Steps to find, verify, and purchase a used LS 500 Convertible:
- Search reliable sources: dealership inventories, certified pre-owned programs, and reputable automotive marketplaces.
- Review the vehicle history: run a VIN-based history report and assess past ownership, accidents, and service records.
- Arrange a pre-purchase inspection: have a qualified mechanic evaluate the top mechanism, drivetrain, and overall condition.
- Test drive and evaluation: assess acceleration, handling, roof operation, climate control, and ride quality.
- Negotiate price: use market data, inspection findings, and any needed repairs as negotiating leverage.
- Consider warranty or maintenance plan: weigh the cost of an extended warranty against potential repair costs.
Purchasing a used LS 500 Convertible requires diligence due to its limited production and rising rarity, but informed shoppers can find well-kept examples with strong value.
Summary
The Lexus LS 500 Convertible is not currently available new; it was produced only for a brief period around 2019–2020. On the used market, prices vary widely—roughly from the upper $70,000s to about $120,000 or more for low-mileage or well-equipped units. A small subset of pristine or rare configurations may push prices higher. When shopping, focus on mileage, condition, roof reliability, and complete maintenance history, and compare current listings to gauge the prevailing market value.
How much is the 2026 Lexus LC 500 convertible?
The price of the 2026 Lexus LC starts at $101,700 and goes up to $109,200 depending on the trim and options. Choosing between the LC500 coupe and convertible boils down to preference, but the drop top is the way to go if you want to revel in the sound of the glorious V-8.
Is Lexus discontinuing the LC 500?
No, Lexus is not discontinuing the LC 500 (V8 model); however, they have discontinued the LC 500h (hybrid model) for 2026. The LC 500 will continue with new special editions, including the Inspiration Series for the 2026 model year, though it is rumored production will cease after the 2026 model year to make way for a future LFR electric supercar.
You can watch this video to learn more about the new LC 500 features: 59sKirk KreifelsYouTube · Jul 19, 2025
- LC 500h discontinuation: The hybrid LC 500h was dropped for the 2026 model year due to low sales.
- LC 500 continuation: The V8-powered LC 500 will continue, with a special limited-edition Inspiration Series for 2026.
- Future of the LC 500: While the 2026 model year continues, it is expected to be the last, with production likely ending to prepare for the future LFR electric supercar.
Is the Lexus LC 500 a good car?
The Lexus LC 500 is considered a good car for those who prioritize a stylish and comfortable grand touring experience with a powerful V8 engine and a focus on luxury, not track performance. It excels as a unique and beautiful car with an engaging exhaust note, but is not considered a practical daily driver due to its limited storage and cramped rear seats.
You can watch this video to learn more about the Lexus LC 500's performance and luxury features: 1mAlanis KingYouTube · Sep 25, 2025
Reasons it is considered a good car
- Engine and sound: It features a naturally aspirated 5.0L V8 engine that delivers a powerful and exhilarating driving experience, accompanied by a much-loved exhaust note.
- Design: The LC 500 is widely praised for its stunning exterior and elegant, luxurious interior.
- Comfort: It offers a smooth and compliant ride, making it comfortable for long-distance travel and daily driving, especially when not driven aggressively.
- Uniqueness: It is a rare and special car that stands out from the crowd, and it's becoming increasingly rare as naturally aspirated V8s become less common.
- Luxury: The car features a well-appointed interior with comfortable front seats, high-quality materials, and well-designed controls.
Reasons it might not be ideal
- Lack of practicality: The trunk is small, and the rear seats are not usable for adults, making it a poor choice if you need to transport passengers or a lot of cargo.
- Not a hardcore sports car: Its weight and softer suspension mean it's not as nimble or sharp on a racetrack or in aggressive driving situations as a dedicated sports car.
- Infotainment: The infotainment system, particularly the touchpad controller, is often criticized as being outdated and difficult to use.
- High cost: The LC 500 has a high purchase price, and running costs can be significant.
Overall
The Lexus LC 500 is a good car if your priority is a stylish, comfortable, and sonically satisfying grand tourer that turns heads and makes you feel special. If you need a practical vehicle for daily use or a car for hard-core track driving, it would be better to consider separate vehicles, as the LC 500 is a compromise on both fronts.
How much is a brand new Lexus LS 500?
Consider these recommendations
| Trim | MPG | Starting Price |
|---|---|---|
| 2025 Lexus LS 500 4dr Sedan AWD (3.5L 6cyl Turbo 10A) | 17 - 27 | $98,663 |
| 2026 Lexus LS undefined | N/A | $99,280 |
| 2025 Lexus LS 500 4dr Sedan (3.5L 6cyl Turbo 10A) | 18 - 29 | $84,235 |
| 2025 Lexus LS 500h 4dr Sedan AWD (3.5L 6cyl gas/electric hybrid EVT) | N/A | $118,973 |
