The Lexus LC 500 Cabrio, launched in Spain in 2020, is now one of the few luxury convertibles left with a naturally aspirated V8. Its rarity and timeless design keep used prices high.
Used listings for the Lexus LC 500 Cabrio have almost vanished in Spain. Only a few cars are out there. Prices for second-hand models still sit above 100,000 euros. This convertible has not faded away. It has turned into a collector’s item right before our eyes.
Lexus brought the LC 500 Cabrio to Spain in 2020. The brand never aimed for big sales. This was the convertible version of the LC coupé, but the changes went deeper than looks. The electric fabric roof opens in 15 seconds and closes in 16. Lexus engineers worked hard to cut down wind inside the cabin. Comfort and refinement stayed at the top of the list. Style never came at their expense.
According to Car and Driver and The Autopian, the LC 500 Convertible maintains one of the highest residual values among luxury convertibles, with used prices in the U.S. market often ranging from $110,000 to $157,000 depending on year and mileage.
The LC 500 Cabrio kept its 5.0-liter naturally aspirated V8. This engine is now rare. In Spain, it puts out 477 horsepower and 540 Nm of torque. Power goes to the rear wheels through a ten-speed automatic. The numbers are strong: 0 to 100 km/h in 4.7 seconds. Top speed is 270 km/h. But the real draw is the drive itself. Roof down, V8 roaring, the sound fills the air. Few turbo engines can match that feeling.
Inside, Lexus made no compromises. Leather seats, a heated steering wheel, advanced comfort tech, and a full set of safety features all came standard. The price reflected this. The Luxury trim started at 155,000 euros. That put it out of reach for most buyers. TrueCar and car-byebuy note that the small differences in horsepower (471–477 hp) between markets come from how each region measures power, not from any technical changes.
The used market tells the story. A 2021 LC 500 Cabrio with 18,650 kilometers is listed at 105,000 euros. Newer 2024 cars go for 134,000 to 135,000 euros. These prices are below the original sticker, but not by much. Depreciation is mild. The car’s rarity, its V8, and a design that still looks fresh keep it in demand. This is one of the most sought-after Lexus models on the second-hand market.
Lexus positioned the LC 500 Cabrio as a niche grand tourer rather than a mass-market product, with limited production and restricted supply in Europe and Spain. This strategy has contributed to its status as a collectible and image-driven purchase, rather than a common sight on the road.
The LC 500 Cabrio stands apart from the current trends in Spain. The market is moving fast toward electric cars and smaller engines. Renault, for example, is rolling out new battery models like the Megane 2027, as reported earlier. The Lexus V8 convertible feels like a time capsule. It belongs to another era.
People want the LC 500 Cabrio for more than nostalgia. It is proof that mechanical purity and great design still matter. These qualities are disappearing. As the car world speeds toward electrification, the LC 500 Cabrio reminds us that true exclusivity is about more than price. It is about the rare experience this car delivers. For collectors and fans, this Lexus is more than just a car. It is a statement. This kind of luxury sports convertible may never return.
