In light of the government’s extension of SST discounts on cars to 31-December 2021, Lexus Malaysia has just announced the updated prices for its two models, the LC 500 Convertible and LM 350.

As these two models are fully imported from Japan (CBU), the new prices will include a 50% SST rebate. Both models get some significant savings – RM 41,487 for the LM 350 and RM 47,185 for the LC 500 Convertible.

Also read: SST exemption/discount for CKD and CBU cars extended to 31-Dec 2021

Now while that sounds like a huge markdown, both Lexus models still cost more than a million ringgit. The LM 350 now starts from RM 1,106,513, on-the-road without insurance.

The LC 500 Convertible, meanwhile, starts from a cool RM 1,302,815. Still not quite as attainable as you think.

The LM 350 was launched back in April while the LC 500 Convertible was launched in November 2020. Both models were introduced with a price that included the full SST as their deliveries were due to start after the initial rebate was supposed to be lifted.

Also read: Regular Malaysians won’t understand - Nearly 20 orders collected for RM 1.1 mil Lexus LM 350

The LM 350 is more than just a dressed-up Toyota Alphard with a huge Lexus spindle grille, it is luxury and opulence redefined. Unlike the plebian Alphard, the LM 350 only offers four seats with the rear entirely filled up by a pair of captain seats. It is powered by the same 3.5-litre naturally-aspirated 2GR-FKS V6 (296 PS/361 Nm) engine as the Alphard.

Also read: Malaysia launches 2021 Lexus LM 350 - 2x an Alphard's price, but seats just 4

Meanwhile, the LC 500 Convertible is a topless luxury grand tourer powered by a 5.0-litre naturally-aspirated 2UR-GSE V8 engine (477 PS/540 Nm) that is shared with the coupe. The LC 500 Convertible is considered one of the last old school grand tourers with German rivals, Mercedes-Benz and BMW, focusing more on SUVs.

Also read: This is why the Lexus LC will be the last of luxury flagship coupes