About the Lexus LM
The new Lexus LM is a Mpv Luxury offered in a 5D MPV body style. Available in Australia from $160,272 (MLRP, excl. on-roads) for the Sports Luxury variant and topping out at $223,520 for the Ultra Luxury.
There are 2 variants of the LM available in Australia and this generation went on sale in October of 2025.
Engine options include 2.5L in-line (184kW/0Nm), 2.4L turbo (273kW/0Nm), 2.5L petrol direct injection (184kW/0Nm) and 2.4L turbo petrol direct injection (273kW/0Nm). Available with variable sp automatic or 6-speed automatic transmissions. Both front-wheel drive and four-wheel drive configurations are available.
The new 2026 LM is offered with a 5 year, unlimited km warranty.
Pros
Cons
Trusted Reviews, Smarter Choices, Better Prices
Where expert car reviews meet expert car buying – CarExpert gives you trusted advice, personalised service and real savings on your next new car.
2023 Lexus LM Price
Sports Luxury
| Configuration | Price From* |
|---|---|
| 2.5L, variable sp auto, 5-door Mpv, Petrol, FWD | $160,888 |
| 2.5L, variable sp auto, 5-door Mpv, Petrol, FWD | $160,272 |
| 2.5L, variable sp auto, 5-door Mpv, Petrol, FWD | $163,520 |
| 2.5L, variable sp auto, 5-door Mpv, Petrol, 4x4 | $165,888 |
| 2.5L, variable sp auto, 5-door Mpv, Petrol, 4x4 | $165,272 |
| 2.5L, variable sp auto, 5-door Mpv, Petrol, 4x4 | $168,520 |
Ultra Luxury
| Configuration | Price From* |
|---|---|
| 2.4L, 6-speed auto, 5-door Mpv, Petrol, 4x4 | $220,888 |
| 2.4L, 6-speed auto, 5-door Mpv, Petrol, 4x4 | $220,272 |
| 2.4L, 6-speed auto, 5-door Mpv, Petrol, 4x4 | $223,520 |
All Lexus LM Pricing
Trusted Reviews, Smarter Choices, Better Prices
Where expert car reviews meet expert car buying – CarExpert gives you trusted advice, personalised service and real savings on your next new car.
2023 Lexus LM Boot Space
Trusted Reviews, Smarter Choices, Better Prices
Where expert car reviews meet expert car buying – CarExpert gives you trusted advice, personalised service and real savings on your next new car.
2023 Lexus LM Gallery
CarExpert High Resolution Photos of the Lexus LM

2023 Lexus LM Safety Rating
2023 Lexus LM Fuel Economy
| Lexus LM | Fuel Type | Combined |
|---|---|---|
| 2.5L, variable sp auto, 5-door Mpv, Petrol, FWD | Premium Unleaded | 5.5 L/100km |
| 2.5L, variable sp auto, 5-door Mpv, Petrol, 4x4 | Premium Unleaded | 5.6 L/100km |
Cost of ownership
What are the running and servicing costs of a Lexus LM?
How does the 2023 Lexus LM drive?
Our expert take on Lexus LM drivability.
2023 Lexus LM Colours
What colours are available for the Lexus LM
2023 Lexus LM Warranty
Should you buy the 2023 Lexus LM
Is this the right car for you? Out experts buy or not guide.
Trusted Reviews, Smarter Choices, Better Prices
Where expert car reviews meet expert car buying – CarExpert gives you trusted advice, personalised service and real savings on your next new car.
Lexus LM FAQs
The cheapest Lexus LM is the Sports Luxury that starts from $160,272.
The most expensive Lexus LM is the Ultra Luxury that starts from $223,520.
The best towing capacity of a Lexus LM is null kg offered by the following variants: Sports Luxury and Ultra Luxury.
The largest Lexus LM is the Ultra Luxury which measures 1890mm wide, 5130mm in length and sits 1955mm tall.
The most powerful Lexus LM is the Ultra Luxury which has 273kW of power from its 2.4L Turbo Petrol Direct Injection engine.
The Lexus LM is built in Japan and shipped to Australia.
The heaviest Lexus LM is the Ultra Luxury which weighs 2905 kg (kerb weight).
The Lexus LM uses Premium Unleaded.