A soft-top V8 is a rare sight in Singapore, and the yearly bills for one are not small. This guide sets out what the Lexus LC 500 Convertible costs to keep on the road. It looks at the COE, road tax and car insurance in turn.
Every insurance figure below is an example for one stated driver, as of 1 November 2026. Treat them as a guide to where prices sit, not as your own quote.
Versions you can insure
The new-car list has no entry for the LC 500 Convertible on sale now. That means this guide gives no list price, power figure or body details from that list.
The price page's quote form names one version for pricing: the LC 500 Convertible 5.0 V8, with a 4,969cc engine. It is the version most insurers quote, and every price below is for it.
The COE side
The price page states that the car needs a Category B COE. Its 4,969cc engine is above 1,600cc, which settles the category. Category B closed at S$131,901 in the October 2026 2nd round.
You meet this cost when you buy new or renew a COE at the 10-year mark. Results change every round, so check the COE page for the current figure.
Road tax for the V8
Road tax is set by engine capacity. For the 4,969cc V8, LTA's formula gives S$5,464.62 a year. That is the base figure, before any age surcharge.
Once the car is more than 10 years old, the surcharge rises each year:
- Past 10 years: +10%
- Past 11 years: +20%
- Past 12 years: +30%
- Past 13 years: +40%
- Past 14 years: +50%
So a car kept on a renewed COE pays half as much again on top by its fifteenth year. You can run other engine sizes through the road tax page.
Car insurance for the standard driver
The Lexus LC 500 Convertible price page uses these details:
- Car: LC 500 Convertible 5.0 V8, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, 10 years' driving
- Record: 50% no-claim discount (NCD) and no claims
- Repairs: authorised workshop, no options
Just 1 insurer prices this car online. The premium is S$3,421.35 a year with 9% GST included, read from that insurer's table on 20 October 2026. The plan carries an excess of S$2,500, which is what you would pay towards each claim.
A thin field online
Most insurers on the panel have no online price for this model yet. One does not list the model on its online quote at all. One quotes engines over 4,500cc only offline, and one prices only electric cars online. With a single online price, you cannot see a spread of offers. That makes a broker's direct request to other insurers the main way to compare.
What changes the price
The price page reprices the car when one detail changes. The lowest premium in each case:
- 0% NCD: S$6,431.13, up S$3,009.78
- 20% NCD: S$5,190.81, up S$1,769.46
- A 27-year-old with 3 years' driving and 30% NCD: S$6,861.20, up S$3,439.85
- A 65-year-old with 20 years' driving and 50% NCD: S$3,849.18, up S$427.83
- A car registered this year: S$3,464.52, up S$43.17
- A car 8 years old: S$2,949.87, down S$471.48
The younger driver pays 101% more than the standard figure. Starting with no NCD nearly doubles it too. A new car costs only a little more to insure than a 3-year-old one. An 8-year-old car is the one case where the price falls.
All of these come from one insurer's table. They show how that insurer rates the car, not how the whole market does.
The convertible beside its peers
For the same driver and car age, the price page compares five cars:
- BMW M5 Sedan: S$3,485.71
- BMW M5 Touring: S$3,485.71
- Lexus LC 500: S$3,421.35
- BMW X7 M60i: S$1,786.26
- Land Rover Defender 130: S$1,257.77
Across the five, the average lowest price is S$2,687.36. The convertible sits 27% above that. Two of the five cost less to insure. The coupe LC 500 prices exactly the same, so the open roof makes no difference here.
The Lexus car insurance page gathers the brand's other models. For contrast, the cheapest cars to insure list shows models at the low end.
Costs set by how you use it
These depend on your own habits, so there is no single figure:
- Parking: season parking at home and charges in town. Some owners of soft-tops look for covered spaces.
- Petrol: tied to your mileage and pump prices.
- ERP: turns on the roads and hours you drive.
- Upkeep: tyres, brakes and the folding roof need care over time. Ask what a service covers.
- Depreciation: the gap between your price and the car's value later.
Summary of yearly costs we can show
For the LC 500 Convertible 5.0 V8:
- Road tax: S$5,464.62 a year before any age surcharge (LTA's formula, checked 19 October 2026)
- Insurance, standard driver: S$3,421.35 a year, S$2,500 excess (1 November 2026)
- Insurance, 20% NCD: from S$5,190.81
- Insurance, a car 8 years old: from S$2,949.87
For reference, Category B closed at S$131,901 in the October 2026 2nd round.
Before you buy: car insurance for the Lexus LC 500 Convertible
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Lexus LC 500 Convertible to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.