Porsche Panamera vs Lexus Lm350H

What's the difference?

The Panamera is the ‘have your Porsche and drive it too’ model.

It encompasses the fun of the 911 while still being a comfortable daily driver that can easily fit a family of four. The cabin is sumptuously styled and not hurting for features, either.

Could the ownership costs and storage be better? Probably, but if you’re looking at this model, those items will probably be lower priorities for you.

For my little family of three, the base model Panamera is a win.

The Lexus LM is going to be a niche model. This was not designed to appeal to people that may have bought a Toyota Tarago back in the day, or even a Kia Carnival now.

It has a specific purpose for ferrying people around in absolute comfort and at that, it succeeds in a big way.

It’s just a bonus that it’s great to drive.

Welcome to the automotive equivalent of a business class airline suite.

Note: CarsGuide attended this event as a guest of the manufacturer, with accommodation and meals provided.

This is more than just a new Panamera - it’s a new generation Panamera.

The outgoing model was sort of a mix between the 911 and Macan but didn’t really hit the mark with any of its borrowed elements.

Beauty is in the eye of the beholder but the redesign sees this model get an outward appearance that looks far more aggressive with a distinct profile that now sets it apart for all of the right reasons.

On the outside, the biggest changes include larger matrix LED headlights and a new front fascia that sits a bit higher with more pronounced curving in the bonnet.

The front gets extra air intakes but there are also larger 'air blade' vents behind the front wheel arches which help smooth the air flow around the wheels and add some extra sculpted sportiness to the car's sides.

The rear has been reshaped to look more like the 911 and isn't as pillowy as the outgoing model. There is a new long LED strip light running the width of the rear and an extra brake light for added dazzlement at night. The rear window now spreads to the width of the liftback lid which makes it appear frameless.

The optioned 21-inch alloy wheels look gorgeous in their painted bronze (or Neodyme) glory and feature the Porsche crest in full colour for added pizzazz. The bronze accent is also carried across to the quad exhausts.

All these factors make the exterior design look more cohesive than the previous model.

The interior has been reworked, too, and the dashboard now sports upgraded tech panels that makes the cabin feel cinematic. The optioned passenger display screen only adds to this effect.

Purists will pout, but like the new 911 the analogue cluster and turn-key operation have died a quiet death. You now get a 12.3-inch digital instrument panel and push-button starter. Plus, the gearshift has been repositioned from the centre console to the dash.

The optioned Sports Chrono and Neodyme accent packages of our test model means the dashboard gets a race clock (superfluous for every day driving but fun to look at) and the door handles, steering wheel and dashboard feature the same bronze highlights.

The only elements that don't look the part are the shiny piano black panels mainly found in the centre console. They're too easily scratched/marked for a car at this price point.

The cabin may not be as flashy as its competitors but it's still sumptuous.

Look, people movers are not considered the sexiest of automotive body styles, but that’s changing.

The Kia Carnival and Hyundai Staria are examples of good MPV design.

And the Lexus LM steps it up again. 

It is based on Toyota’s TNGA-K architecture that underpins a bunch of Toyota and Lexus models, including the Lexus RX, and it measures a whopping 5.1 metres long and has a three-metre wheelbase.

It shares its underpinnings with the latest generation Japanese-market Toyota Alphard, which is a cult hit in Australia among the grey import set.

The front-end design is bold, with the latest take on Lexus’ big ‘spindle grille’, pinched slimline headlights and a stubby nose. 

I am a big fan of this design. It is far more than a box on wheels and it has quite a bit of presence. 

The interior design up front is modern Lexus, with a few familiar Toyota touches, and while it’s not exactly minimal, it’s still visually appealing.

The cabin feels spacious in both rows and the rear row can comfortably fit those who are above six foot (182cm) with a caveat.

Despite being optioned with the '4+1' seating, don't be fooled; the middle rear seat is nothing more than extra room for the out-boarders as the rear centre console takes up all legroom a middle seater might need. Not even a kid will be happy in the middle for long.

Amenities in both rows are good. The heating/cooling and massage functions on the front seats are great and the four-zone climate control means everyone can get comfortable.

Access to both rows is surprisingly good with doors that open widely but the rear footwell lip is high and the well narrow. So, if you have clunky boots on you may feel clumsy getting into position.

My seven-year old found the doors heavy to open and it took him a while to realise he didn’t have to slam the doors shut thanks to the soft-close feature.

Individual storage is better than you usually get in a sports car but all cubbies still fall on the shallower side. There are four cupholders, four drink bottle holders, a glove box, a middle console and two small net map pockets. There is also a dedicated phone cubby housing the wireless charging pad.

The boot aperture is wide and it’s super easy to reach things in the back thanks to the liftback lid but that sloping roofline means you lose out on height for larger items.

Stack bigger things right behind the back seat if you want to fit them. Capacity is below average compared to its rivals at 460L.

The rear row has a 40/20/40 split to open up storage options and there is a very deep cubby underneath the floor with the tyre compressor/repair kit.

Device charging options are great with a total of four USB-C ports, a wireless charging pad and three 12-volt sockets to choose from.  

The upgraded multimedia system looks fantastic and is user-friendly. The built-in satellite navigation is simple to use and the multimedia system, head-up display and instrument cluster can be highly customised.

The base Panamera model now comes standard with wireless Apple CarPlay and Android Auto. Connecting to the CarPlay is easy and the connection remains seamless.

The optional passenger display panel allows the front passenger to control their climate and seat comfort, see a duplicate of the instrument panel or just watch a movie on a long trip.

The screen has a privacy filter, which means the driver can’t see what’s on it and is thus not a distraction. However, no one in my family bothered to use it.

While most of the fun happens in the second row of the Lexus LM, there is a lot to like in the front compartment.

The dash is dominated by a large touchscreen that houses Lexus’ latest multimedia setup. The logical menu and uncomplicated sub-menus ensure this is an easy system to navigate. Speaking of, the in-built sat-nav is one of the better systems I have experienced. 

Comfort isn’t just the domain of the second row - the driver’s seat is very supportive and comfortable, with power adjustment.

There’s plenty of glass including a smaller front quarter window that helps eliminate front blind spots, so forward visibility is exceptional. Rearward visibility is aided by the digital rear-view mirror that is designed to ensure privacy for second and third-row occupants. You don’t want the chauffeur spying on you while you’re sleeping, do you?

The other big tick for me is the driving position. Other people movers, namely the Hyundai Staria and Mercedes-Benz EQV, have very low window lines and it leaves you with a feeling of sitting on the car, rather than in it. I am sure it helps with extra light and it probably makes it easier for kids to see out of, but from a driving perspective, I find it a little disconcerting.

But the LM has flipped that. The front compartment is designed in such a way that it feels like a cockpit that you’re ensconced in. This helps the driver feel more connected with the car, and in the LM it feels like you’re sitting in the driver’s seat of a sporty sedan, not a five-metre bus. Very well done, Lexus.

And now to the main event - the second row.

Where to begin. Let’s start with space. Because there is so much of it. Unsurprisingly given the seating layout, there is an unending amount of head, leg, knee, bum, shoulder and whatever-else room. I can’t imagine anyone complaining about space back there.

Also, getting in and out is a breeze thanks to the sliding power doors on both sides. These can be opened from the front seat, and via several buttons in the rear.

Those captain’s seats are plush. Not quite Benz S-Class plush, but still.

They are adjustable six ways - power adjustable, of course - and they’re heated and ventilated. They recline almost flat, too, if you need a nap on the way to the country estate. And while you do that you can look up through the split sunroof, or close the shade a number of ways.

Is there a massage function? Of course there is a massage function. And it’s not bad. You can choose two settings - weak and firm.

Adding to the feeling of a business class airline seat, there is a fold-out table in the armrest, although it’s a smallish one. And there is dual-zone climate control in the rear.

There is a roof-mounted control panel for things like climate, sunshades and sunroof blinds, but much of this can also be controlled by the Apple iPhone-like devices clipped into both rear seats. These are closer to the seats, so it is easier to access than the roof.

Another function in the device is the Climate Concierge that features different modes - Dream, Relax, Focus, Energise. Depending on which one you choose, it alters the seat settings, massage, climate and lights to suit.

I love the massively wide side windows that are tinted (or privacy glass), too.

Other amenities include map pockets, knee and roof-mounted air vents and a 14.0-inch display screen that retracts from the roof and connects to an HDMI cable, allowing you to watch whatever you want.

The third row is not as appealing as the second. It is technically a three-person row, but the width and the fact that it has a sizeable gap in the centre suggests that this is best thought of as a six-seater van.

The seats are not as plush of course, so you might not want to spend too much time in that row unless you are a small child. But you do get USB-C ports, cupholders, air vents, lights, sunglasses holder, power side shades and grab handles.

Getting in and out of the third row can take a while. It’s all power adjustable, so you don’t have to lift anything heavy - but it takes a while for the second row seats to move forward and up.

With all seats in place the cargo space is limited. In fact, it’s just 110 litres.

That’s similar to what you get in a seven-seat SUV. But it did fit all our overnight luggage easily.

Drop the rear row and that expands to a maximum of 1191 litres in the 350h or 752 litres in the 500h.

All grades have a space-saver spare wheel.

From launch there will be two versions of the LM350h Sports Luxury on offer - front-wheel drive and all-wheel drive, priced from $160,888 and $165,888 before on-road costs respectively.

They both have seven seats across three rows and share the same four-cylinder hybrid powertrain, but an even more high-end version is on the horizon.

The LM500h will land in January 2024, priced from $220,888, and it adopts a newer more powerful hybrid powertrain. Something else that sets the LM500h apart is the seating layout - it is a four-seater. Behind the driver and front passenger compartment are two big captain’s chairs that recline flat if required. Decadent luxury. Or so the pictures suggest. We will have to wait until the New Year to sink into the sumptuous seats.

Given the positioning and interior layout, the LM will probably not appeal to people looking at a Kia Carnival, or who would have opted for the departed Toyota Tarago. It will, however, appeal to large families that aren’t short of a dollar, airport limo operators, and even as tourist transport.

Thankfully, there’s a substantial amount of standard gear fitted as standard in the LM.

The only difference in spec between the two 350h grades is the addition of all-wheel drive. Otherwise you’ll find keyless entry and start, front heated seats, automatic retractable side steps, power opening side doors, rear privacy glass, a pair of sunroofs, and semi-aniline or L-aniline upholstery.

Tech-wise, there is a digital rearview mirror, and a 14.0-inch touchscreen, a 12.3-inch digital instrument cluster, a head-up display, seven USB ports, a smartphone charger and a rear 14.0-inch multimedia display.

The 500h adds niceties like a separation partition with elevating and dimmable glass, that doubles as a 48.0-inch widescreen display to watch films and TV, or take conference calls with. It also gets two partition glove boxes, a pair of umbrella holders, two second-row phone chargers, a 23-speaker Mark Levinson 3D audio system and more.

In terms of rivals, there really aren’t many other luxury people movers on the market. Aside from the Mercedes-Benz V-Class and all-electric EQV, there are higher-grade versions of the Volkswagen Multivan, and the LDV Mifa 9 EV.

The base Panamera doesn’t have a hybrid powertrain like its siblings and sports the 2.9L V6 twin-turbo petrol engine of the outgoing model. But it’s been retuned and now produces 260kW and 500Nm – both figures up from the previous model.

The Sport Chrono Package means the 0-100km/h sprint improves from 5.1-seconds to a tummy-sucking 4.8-seconds and my son gave a whoop of delight whenever we had to get up to speed.

The Panamera has an eight-speed, dual-clutch auto transmission and is the only RWD for the Panamera line-up. It also sports a top speed of 272km/h. So, suffice it to say, the engine has the sports cred you expect from a Porsche.

There are two hybrid powertrains available. Coming next year, the LM500h combines a 2.4-litre turbocharged petrol engine and a hybrid setup, making for power and torque of 202kW and 460Nm respectively. It is all-wheel drive and is paired with a six-speed automatic transmission.

The LM350h comes with a 2.5-litre naturally aspirated petrol engine and a parallel hybrid system, offering up a total system output of 140kW and 239Nm. The 350h comes in front or all-wheel-drive guise and uses a continuously variable transmission (CVT).

The official combined (urban/extra-urban) fuel-cycle consumption figure is 9.5L/100km, which is pretty low for a high-performance vehicle (and a big one at that) but after a lot of open road and urban driving my real-world usage came out at 10.9L/100km.

That's the result after not being skimpy with using the power, either, so it's not as thirsty as you might expect.

When it comes to times between fills, the Panamera might surprise you. Based on the official combined fuel cycle and large 90L fuel tank, expect a theoretical driving range of up to 947km (825km using our on-test figure) – which is a great driving range for a performance vehicle, let alone a family one.

The Porsche Panamera only drinks the best, so while the driving range is great you won't be able to fill 'er up with anything but premium 98 RON unleaded petrol.

As you’d hope with an all-hybrid line-up, the LM excels when it comes to combined cycle fuel efficiency. The 350h FWD sips just 5.5 litres per 100 kilometres, while the AWD version is 5.6L/100km. The 500h is a little thirstier at 6.6L. 

Our drive was so brief we did not get to record an on-test fuel figure.

The theoretical range of the LM, considering the 60-litre fuel tank and 5.5L/100km (350h) and 6.6L/100km (500h) fuel consumption figures is about 1000km.

Some people might not understand the obsession or loyalty Porsche owners have towards their cars  but if you’re a fence sitter, get in the Panamera. It will make you understand because after driving one... you'll hear yourself say 'I get it'.

The base model has the goods with the engine outputs to ensure the driving experience remains fun and responsive.

The Panamera is no wild bronco, it's a cool customer. The composure for power delivery is unlike other performance sedans you may have driven. Acceleration is effortless without any twitchiness. You never feel out of control.

The air suspension means you hear the bumps more than you feel them but you still get excellent road feedback as a driver.

Passenger comfort is high, despite the cabin being quite loud with road and engine noise, because the seat and ride comfort remains well-cushioned. Fatigue and jostling are at a minimum.

The handling of the Panamera when it comes to cornering and steering feels dynamic and agile. I made a point of doing multiple mini roadies this week, simply for the joy of driving it.

While the Panamera is the most fun on a winding mountain road, it's a pleasant open-road cruiser as well.

The base Panamera has three driving modes - 'Normal', 'Sport' or 'Sport Plus' with a 20-second power booster available when you need extra oomph.

The Normal mode is sufficient for daily driving and the Sport Plus offers stiffer suspension and handling but the preference is to keep it in Sport mode.

Mainly because in this mode you get an awesome throatiness from the exhaust as well as the dynamics you expect from a sports car.

It’s a bit deceptive but the Panamera is massive and sits at 5052mm long and 2165mm wide - so, it definitely fills out a parking space!

However, the 360-degree view camera system is one of the best in the segment but you may still get choosy with where you park it.

As mentioned earlier, I spent much more time in the second row as a passenger than I did behind the wheel of the LM350h. But it was enough time to capture some initial high-level drive impressions.

But let’s start in the rear. The ride in the second row is comfortable - as you’d hope. Our trek from Melbourne’s inner north down to the Mornington Peninsula included a lot of freeway, which was smooth. The only thing that disturbed the peace was a chunky bridge join that caused a bit of a thump. But we were hardly disturbed. 

Back in the driver’s seat, there’s a lot to like about how the LM350h drives. First of all, it feels smaller on the road than its ample dimensions would otherwise suggest. It even feels relatively light on the road. 

After the LM, I drove a Mercedes-Benz EQE SUV that has a similar kerb weight (the Lexus is about 2.4 tonnes), and the LM felt lighter.  

The hybrid powertrain is responsive enough, offering decent acceleration from a standing start. The more potent 500h will of course be quicker.

The transition from electric to petrol propulsion is pretty smooth in Lexus (and Toyota) models these days, and the additional noise-deadening materials in the LM ensure it’s subtle.

The 2.5-litre petrol engine is really only noticeable when accelerating hard, and the CVT a slight drone, but it’s in no way unpleasant. 

Otherwise it’s a superbly refined and quiet cabin on all but the absolute worst road surfaces. Whisper quiet power windows adds to that feeling of luxurious refinement.

Given the brief time behind the wheel, we didn’t get to test the handling capability of the LM, so that might have to wait for a review in the New Year. 

The steering is heavily weighted and doesn’t feel overly responsive, but it’s perfectly suited to this sort of vehicle.

That supple ride we experienced in the rear was also evident behind the wheel.

This was especially impressive on a couple of pock-marked peninsular back roads. The ride is also much more compliant than the Mercedes-Benz EQV I tested early in 2023.

The LM is yet to be crash tested by ANCAP, and it is unclear if it will be given the fact that it’s a niche model. However, as with other current Lexus models, it has a long list of standard safety gear.

The safety suite, including intersection assist, and a pre-collision system with vehicle, pedestrian, bicyclist and daytime motorcyclist detection.

It also comes with emergency steering assist, full-speed radar cruise control, ‘Curve Speed Reduction’, ‘Lane Trace Assist’ with lane-departure alert, automatic high beam, ‘Road-Sign Assist’ (speed signs only), ‘Emergency Driver Stop System’, a blind-spot monitor and rear cross-traffic alert.

Porsche offers the Panamera with a three-year/unlimited km warranty, which is less than its competitors. It's more typical to see a five-year/unlimited km warranty in this segment.

Servicing intervals are reasonable at every 12-months or 15,000km, whichever occurs first and pricing varies per dealership.

The one I contacted (in Sydney) confirmed the first four years of servicing costs $8605 for an average of $2151.25 per workshop visit.

Worth noting the fourth year is a biggie at $4875, this major service including everything from an air-conditioning clean and transmission oil change to spark plug check/replacement and safety checks.

The Panamera is up there for service costs, even for the class but this kind of outlay comes with the territory when you're considering a car worth almost $300K. 

When you buy a Lexus, you get a bit more than a car. The brand has a customer loyalty program - Lexus Encore - and depending on what model you buy, you are eligible for some pretty cool discounts, bonuses and experiences. 

There are three tiers, depending on your model. UX, NX, RX and ES fall under regular Encore, and electric models the RZ and UX300e sit beneath Electrified Benefits. But the LM, as well as the LS, LC and LX are under Encore Platinum - the top tier. 

That means access to the ‘On Demand’ program that allows access to another Lexus model for a few days or longer. So if you own an LC Convertible but need an RX for a few days to ferry people around, that’s all free. There’s valet parking service loans and more.

It also includes upgrades at Lexus partners. Our launch took us to Jackalope Hotel on the Mornington Peninsula, which is a Lexus partner, and you can get a bunch of extras here as a Lexus owner that other guests won’t get.

In terms of other ownership details, the LM is covered by a five-year, unlimited-kilometre warranty, and the servicing schedule is every 12 months or 15,000km.

Lexus is yet to announce the capped-price servicing details for LM, but it is expected to cover five years, and should be in the vicinity of approximately $700 per service.