New LandCruiser 300 Series cracks $150,000

We knew the 2022 Toyota LandCruiser 300 Series was going to be expensive, but newly announced drive-away pricing reveals that two of six LC300 model grades will cost more $150,000 once the rubber hits the road.

Including on-road costs like stamp duty, registration, CTP insurance and dealer delivery charges, only the cheapest new LandCruiser 300 Series variant, the GX, scrapes in at just under $100,000.

On top of the list prices announced last week, which themselves rise by between about $7000 and $10,000 compared to the 200 Series, statutory and dealer fees add between $9000 and $13,000 to the cost of the vehicle.

Below are the national drive-away prices listed by Toyota’s Australian website for the 300 Series, with list pricing in brackets:

GX – $99,458 ($89,990)
GXL –$112,446 ($101,790)
VX –$125,500 ($113,990)
Sahara –$143,904 ($131,190)
GR Sport – $150,965 ($137,790)
Sahara ZX – $152,036 ($138,790)

Despite the significant price hikes, interest in the new model is booming, with more than 12,000 registrations of interest lodged with Toyota Australia. That doesn’t equate to 12,000 pre-orders, but it does show the car is hotter than Netflix right now.

The first LandCruiser not to grow in size and actually shed weight – and the first to be powered by a V6 diesel engine – is based on an all-new TNGA ladder frame and powered by a 227kW/700Nm 3.3-litre six-cylinder twin-turbo diesel matched to a 10-speed automatic transmission.

All models retain the LC200’s 3500kg towing capacity and come with a trailer wiring harness, stolen-vehicle tracking, autonomous emergency braking, adaptive cruise control, auto high-beam headlights, dusk-sensing LED headlights, keyless smart entry and ignition, road-sign assist and an electric park brake.

But a range of new high-tech mechanical and convenience technologies now make Toyota’s flagship SUV almost as expensive as large European luxury SUVs like the Audi Q7, BMW X5 and Mercedes-Benz GLE.

And the higher prices should continue to see record prices being asked for good used examples of the 200 Series, the last V8-powered LandCruiser SUV.

Toyota Australia has said previously it does not expect to face supply issues for the new 300 Series in the short-term, even after pre-orders in Japan were halted due to high demand.

“No one has a crystal ball, but we’re looking OK [in terms of initial supply],” explained a Toyota spokesperson.

The new LandCruiser 300 Series is now expected to be launched and delivered to first customers earlier than expected in October. Watch this space for our first drive.

Related:

Toyota LandCruiser 300 Series ready to tow

Toyota 200 Series LandCruiser prices hit almost $200K