Lexus Gx550 vs Lexus Lm350H

What's the difference?

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Lexus Gx550
Lexus Gx550

$118,320 - $132,520

2025 price

Lexus Lm350H
Lexus Lm350H

2024 price

Summary

2025 Lexus Gx550
2024 Lexus Lm350H
Safety Rating

Engine Type
Inline 6, 3.4L

Inline 4, 2.5L
Fuel Type
Premium Unleaded Petrol

Premium Unleaded/Electric
Fuel Efficiency
12.3L/100km (combined)

5.5L/100km (combined)
Seating
7

7
Dislikes
  • Not as plush inside as what it should be
  • Thirstier than diesel-powered rivals
  • Servicing intervals are a punish

  • Third row suits two people not three
  • Limited luggage space
  • It’s an expensive people mover
2025 Lexus Gx550 Summary

The new Lexus GX 550 showcases a brand new design for its third-generation iteration but the model is new to the Australian market.

And while it hasn't been as hotly anticipated as its cousin, the Toyota Prado, it's still one that should excite. It's a capable full-time four-wheel drive that manages to look good on- and off-road! It feels like a breath of fresh air.

Will it find itself more likely adorning the garage of a city slicker? Perhaps, but you can't deny it has some star power now with its design and it couldn't have come soon enough. Especially when you compare the flagship Sports Luxury grade my family and I have on test to its European luxury rivals, the BMW X7 and Land Rover Defender.

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2024 Lexus Lm350H Summary

Most people that are wealthy enough to be ferried around in a car or limo choose a long luxurious sedan like a Mercedes-Benz S-Class, BMW 7 Series or a Lexus LS. Of course, there are now also SUVs that are used for the same purpose.

But what about a plush people mover? There are very few of these available in Australia and they don’t sell in huge numbers. But Lexus believes there is a market for such a model and it has just launched the big and bold LM. The hybrid-only range is a unique proposition and the LM should hold appeal for limo and tourism operators, and larger cashed-up families

This initial launch drive was a slightly different format to usual. Given the intended use of the lounge-like model, Lexus arranged for us to be collected in the LM by a chauffeur and ferried from Melbourne to the Mornington Peninsula. From there we got behind the wheel for a brief drive, but many of my impressions will focus on the passenger cabin experience.

Note too that the LM500h does not land until early 2024, so we only sampled the LM350h AWD.

So jump aboard and let’s see if this Lexus can do everything the LS can do - and maybe even a little bit more.

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Deep dive comparison

2025 Lexus Gx550 2024 Lexus Lm350H

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