Want a luxury SUV that is built for off-roading, stylish, and feature-loaded? Lexus has delivered everything you’ve been waiting for in 2024.
Today’s SUV buyers don’t just want a car; they want power, comfort, and smart technology. And with this combination, Lexus has launched the 2024 Lexus GX 550 Premium+, a luxury SUV that not only drives smoothly on the highway but also shows its might on mountains and rough terrain.
In this 2024 Lexus GX 550 Premium + review, we will explore what makes this model so special. Is it just a redesign or a completely reinvented Lexus GX? Is this SUV just bold in looks, or is it smart and powerful from the inside too? And most importantly, is this car worth your money?
In 2024, Lexus developed the GX series on a new platform, and the Premium+ trim is designed for buyers who want full luxury without overpaying. In this model, you get:
- New Twin-Turbo V6 engine that delivers more power and fuel efficiency
- High-end interior with premium materials and tech
- Upgraded safety features and multi-terrain off-road modes
If you are looking at the 2024 Lexus GX 550 Premium+ and 2024 Lexus GX 550 Premium for sale or wondering how the 2024 Lexus GX 550 Premium+ price justifies, then this review will answer every question you have.
We will tell you the feedback of real buyers, pros and cons, and compare this model with rivals like the Land Rover Defender and the Toyota Land Cruiser.
2024 Lexus GX 550 Premium: An Overview
The Lexus GX 550 Premium 2024 is basically a trim level that offers a perfect balance of luxury and practicality despite being a mid-range vehicle. In this overview section, we will know what this variant delivers in the overall package, from the point of view of design, build quality, features, and usability.
Bold Design with Rugged Personality
In 2024, Lexus completely upgraded the design language of the GX. In the Premium+ trim, you get an aggressive front grille, sharp LED headlights, and muscular body lines, giving it the look of a premium off-roader. Lexus has designed this model in such a way that it looks stylish for city drives and tough for adventure roads.
This variant comes standard with 20-inch alloy wheels, roof rails, and functional side steps, which not only make the model visually bold but also practical. On the exterior, the styling of this trim feels as refined as the Luxury Plus, but the Lexus GX 2024 price is a little controlled, which buyers appreciate.
Balanced Features for Practical Luxury
While the base model may seem a little basic, the Premium+ trim offers a lot of premium features that meet the daily needs and comfort of most people.
Key features include:
- 14-inch touchscreen display with Lexus Interface
- Wireless Apple CarPlay and Android Auto
- Heated & ventilated front seats
- Power-folding third row
- Multi-zone climate control system
All these features are also available in Luxury Plus, but in Premium+, you get a better value-to-features ratio, due to which this variant is becoming more popular among people.
Smart Blend of Technology and Safety Features
The 2024 Lexus GX 550 Premium+ specs include Lexus Safety System+ 3.0, which includes:
- Pre-collision system
- Lane tracing assist
- Adaptive cruise control
- Blind spot monitor
- Rear cross-traffic alert
With these safety features, this variant not only offers a luxury feel but also provides a confidence-driven driving experience, especially for those who travel with family.
This model is also quite advanced in terms of connectivity and technology. In this you get multiple USB-C ports, a premium sound system, and a digital instrument cluster, which make the user experience quite modern and convenient.
If you want a luxury SUV that can go off-road and offer a premium feel during your daily commute, without the heavy price tag of Luxury Plus, then the 2024 Lexus GX 550 Premium can definitely be a smart pick.
2024 Lexus GX 550 Premium: Interior, Seating, and Cargo Space
The interior of the 2024 Lexus GX 550 Premium+ is where Lexus has shown the real magic of its craftsmanship and premium feel. As soon as you enter the car, you feel a modern, high-tech, and luxurious environment. The Premium+ variant is designed in such a way that it not only looks aesthetically classy but also gives a feel of comfort and convenience in every ride.
This trim uses high-quality materials like soft-touch leather upholstery, real wood trim and metal accents that give an upscale feel. The dashboard design is clean and driver-focused, with a 14-inch touchscreen prominently placed in the centre. This screen doesn’t just show, it’s also responsive and easy-to-use with the Lexus Interface software. Wireless smartphone integration, navigation, and voice controls make this system even more user-friendly.
Talking about the seating arrangement, the GX 550 Premium+ gets a standard 7-passenger configuration in three rows. Front seats are heated and ventilated, and their cushioning is so comfortable that even long trips feel effortless. Second-row seats are spacious and are designed such that passengers get ample legroom and headroom. Third-row seats seem tight for adults, but are great for kids, or best for occasional use. The third row comes with power-folding functionality that makes managing the space easy.
When it comes to cargo space, this SUV is no disappointment for utility lovers. When the third-row seats are folded, there is a fairly wide and deep cargo area that’s perfect for family luggage or grocery runs. If you fold the second-row seats as well, you get a flat load floor where camping gear, strollers, or even small furniture items can be easily loaded. Lexus has also offered a rear power liftgate, making access and the loading/unloading process more convenient.
Sound insulation is also a strong point of this model. Road and wind noise inside the car is almost negligible, giving the cabin environment a calm and premium feel. The driving experience is further enhanced by its available premium sound system, which is a treat for every music lover.
Overall, the interior of the GX 550 Premium+ is designed for buyers who want refined comfort along with rugged performance. This interior is not just an exemplar of luxury but also of practicality and thoughtful design, giving this SUV a distinct identity in its segment.
2024 Lexus GX 550 Premium: Performance Overview
Lexus has blended its traditional off-road capabilities with modern technology to create an awesome performance package in the 2024 GX 550 Premium+. In this section, we will take a detailed look at the engine, powertrain, suspension, and driving dynamics of this SUV so that you can understand how this car performs for you.
Powerful Twin-Turbo V6 Engine
The biggest highlight of the 2024 Lexus GX 550 Premium+ is its new 3.4-liter twin-turbocharged V6 engine, which replaces the old naturally aspirated V8. This engine provides approximately 349 horsepower and 479 Nm of torque, making this SUV more responsive and powerful. Not only has acceleration improved due to this engine, but there has also been a noticeable improvement in fuel efficiency.
This engine is smooth and refined, which makes you feel confident both on the highway and off-road. The twin-turbo system means that the engine delivers tremendous torque even at lower RPMs, which also enhances the off-road performance of the car. Lexus has also paired this engine with a 10-speed automatic transmission, which makes gear shifts seamless and precise and optimizes fuel economy.
Advanced Suspension and Off-Road Capability
In terms of suspension, there are no big surprises here. However, that doesn’t mean you don’t get a smooth ride. The fixed-damping suspension does a reasonable job when it comes to absorbing all unwanted bumps. The overall comfort here isn’t much compromised.
The car also features a Multi-Terrain Select system that customizes for different off-road modes such as mud, sand, rocks, and snow. It helps the driver avoid off-road challenges and optimizes traction control. Lexus has also included crawl control in this model, which makes low-speed off-roading easier and safer.
Driving Experience and Handling
The driving experience of the 2024 Lexus GX 550 Premium+ is both balanced and comfortable. In city driving, this SUV feels quite nimble despite its size, which makes it easy to drive in traffic. Its cabin is quite quiet on long drives, and the suspension absorbs bumps and potholes well.
The steering is responsive and stable at highway speeds, which gives more confidence to the driver. The all-wheel drive system and limited-slip differentials provide grip and control to this SUV even on slippery roads or tough surfaces.
Fuel Efficiency and Environmental Impact
Lexus has also tried to improve fuel efficiency in the 2024 GX 550 Premium+, which is better than the earlier V8 models. Due to the combination of twin-turbo V6 and 10-speed automatic transmission, this SUV provides about 15 miles per gallon in the city and 21 miles per gallon on the highway. These figures are considered good for SUVs in this segment.
Keeping in mind the environmental concerns, Lexus has used advanced catalytic converters and engine tuning to reduce emissions, which makes this car eco-friendly.
If you are looking for an SUV that gives you a confident driving experience on every terrain, then the 2024 Lexus GX 550 Premium+ is a great choice. Its powerful engine, advanced suspension, and off-road features make it a versatile vehicle that fits everywhere from city driving to rough trails.
How much is the 2024 Lexus GX 550 Premium Plus?
The 2024 Lexus GX 550 Premium+ is one such SUV that is on the radar of many buyers due to its luxury, performance, and advanced features. But it is important to understand the price structure of this model, so that you know what you are expecting in return for your money. In this section, we will talk in detail about the price of this variant, market availability, and buyer value.
Starting MSRP – Official Lexus Pricing
Lexus has announced a starting MSRP (Manufacturer’s Suggested Retail Price) for the 2024 GX 550 Premium+ that starts at approximately $70,000 USD. This is the base price that comes with standard features, but the price can increase if you choose additional packages or customizations. Lexus has positioned the Premium+ trim in this price bracket to offer buyers the best combination of luxury and performance, without the higher price tag of the Luxury Plus variant.
This price point is attractive to people who want a fully loaded SUV but don’t want to overpay for top-tier trims. This trim offers all the features that most luxury SUV buyers demand — like premium interior, smart technology and advanced safety systems.
On-Road Price – Taxes, Fees & Optional Add-ons
When you purchase this model from a dealership, the actual on-road price is higher than the MSRP. This price depends on multiple factors like registration fee, 2024 Lexus GX 550 for sale tax, destination charges and the cost of optional packages you choose.
Generally, the on-road cost of the Premium+ trim ranges from around $75,000 to $78,000 in the U.S., if you add basic optional features and extended warranty. If you live in an urban state where the tax rate is high, this price may increase even more. Therefore, it is important to take an estimated breakdown before the dealership visit.
Market Demand and Price Fluctuation
The demand for the 2024 Lexus GX 550 Premium+ is currently quite strong. This SUV is especially popular in some regions of North America, the Middle East, and Asia. Due to high demand, many dealerships are charging prices above MSRP, which is called the market adjustment cost.
When interest is high after the initial launch of a model and supply is limited, dealers take advantage of this opportunity and apply markups. At this time, some buyers have reported that they have paid up to $3,000–$5,000 extra for the Premium+ variant, just to get the car delivered quickly.
Is It Worth the Price of the 2024 Lexus GX 550 Premium+?
This question comes in the mind of every buyer: Does the 2024 Lexus GX 550 Premium+ justify its price? If you compare the features, build quality and performance of this model with other luxury SUVs, then many analysts and users agree that this SUV offers excellent value in its segment.
When you’re looking for an SUV in the $70K–$75K range, you expect advanced safety, solid performance, and a premium feel, and Premium+ meets all of these expectations. It’s ideal for buyers who want top-tier luxury but don’t want to overpay for unnecessary high-end extras.
Leasing and Financing Options
If you don’t want to pay cash, Lexus dealers typically offer flexible financing and leasing plans. Many people can afford this model through low down payments and 48- to 60-month financing. Lexus’s captive finance companies also offer promotional APRs, which make financing even more manageable.
The leasing option is also attractive to buyers who prefer to upgrade their vehicle every 3–4 years. A Premium+ lease ranges from around $850 to USD 950 monthly, depending on region and credit profile.
All in all, the 2024 Lexus GX 550 Premium+ is an SUV that justifies luxury and performance with its pricing. Considering the amount of demand and appreciation in the market right now, this variant is a solid investment, whether you buy it for daily driving or occasional off-road adventures.
What are People Paying for a 2024 Lexus GX?
When it comes to the real-world pricing of a luxury SUV, just looking at the MSRP is not enough. How much are people actually purchasing a 2024 Lexus GX 550 — Answering this question is very important for buyers who want to make smart decisions. In this section, we will explore what prices people are buying this SUV at across dealerships, online forums like Reddit and Quora, and market sources, and what challenges they are facing.
Dealership Experience – Actual Transaction Price
The official MSRP is a baseline, but the actual price when you visit a dealership depends on a lot of factors, like demand, location, dealer inventory and optional features. Forums and user feedback have shown that 2024 Lexus GX 550 Premium+ variant people are getting anywhere from $72,000 to $78,000, depending on configurations.
Many buyers have mentioned that they purchased the Premium+ trim with a few add-ons like upgraded wheels, a towing package, or roof racks, which brought down their final cost a little. Some people even got close to the invoice price when they waited for a cash deal or year-end clearance. But overall, most buyers had to pay a little above MSRP, especially where demand was high.
Reddit Reviews – First-Hand Buyer Reports
The Lexus community is quite active on Reddit, and many genuine buyers have openly shared their deal details. One user wrote that a Texas dealership gave him the Premium+ trim for $73,800 with delivery in 2 weeks. He said he could have gotten $2,000 less if he had waited, but was willing to pay more for immediate availability.
Another user from California said his dealership charged him a $4,000 market adjustment charge due to low inventory. He leased and is paying $935 monthly with zero down. This feedback shows that real-world prices are mostly 3-5% above MSRP, and delivery times also vary significantly across locations.
Quora Opinions – Expectations vs. Reality
When potential buyers on Quora asked, “How much are people paying for this SUV?” several experienced car owners responded that Lexus dealers reduce negotiation space, especially for premium trims. An automotive consultant wrote that popular models like the Lexus GX 550 usually sell above invoice price until supply normalizes.
They said that if a buyer takes dealership financing and an extended warranty package, the dealership is flexible to offer a slight discount. But margins are tight for cash buyers.
Should You Pay MSRP or Wait?
If you need a car quickly and want the Premium+ trim, you may be able to pay a slight markup. But if you can wait a bit — typically 3–4 months — you may be able to get a better deal on year-end offers or demo units.
Some buyers also use the strategy of negotiating a GX 550 Luxury Plus and, when the dealer checks availability, they often get a better offer on the Premium+. With this kind of smart shopping, you can secure a deal even below the MSRP.
Overall, the actual amount paid by people varies, but most buyers have acquired the Premium+ trim between $73K – $77K. Going by the forums and real-life reviews, you can secure a good deal if you do a little research, switch dealerships, or wait for the right time.
Final Thoughts
The 2024 Lexus GX 550 Premium+ is designed for those who want luxury and power together, without compromise. In this trim, Lexus has included everything a modern SUV buyer expects: a powerful twin-turbo engine, a refined interior, advanced tech features, and solid off-road capability. This SUV is not only bold in appearance, but is equally strong in performance and comfort.
If you want a vehicle that covers family needs and matches an adventure lifestyle, the Premium+ trim is a smart choice. The price is definitely a bit high, but considering the features, durability, and resale value, it seems worth the investment.
The goal of this review was to give you a clear insight, and if you are a serious buyer, then this variant is definitely worth a test drive. Lexus has given a tough challenge to the competition by taking the GX to a new level in 2024, and the Premium+ is the most balanced and practical choice in the lineup.
Flex Automotive has a wide range of Lexus GX 550 for sale. We also customize Lexus SUVs as per customer needs. Check out our GX 550 lineup for more information.
Frequently Asked Questions
1: How much is the 2024 Lexus GX 550 Premium Plus?
The price of the 2024 Lexus GX 550 Premium+ starts at approximately $70,000. On-road cost could be $75,000+ with taxes and add-ons.
2: How much is the 2024 Lexus RX 550?
The starting price of the 2024 Lexus RX 550 is around $64,000. This crossover SUV is slightly cheaper than the GX 550.
3: What is the fuel consumption of the 2024 Lexus GX 550?
Its fuel average is 18 mpg in the city and 22 mpg on the highway. Twin-turbo engines improve efficiency.
4: What are people paying for 2024 Lexus GX?
People are paying mostly $73,000 to $77,000 for this car. There is a little markup due to high demand.
5: How much will 2024 Lexus cost?
The price of GX 550 variants starts at $64,000 and Luxury Plus can go up to $80,000+. Depends on the variant and options.
6: How much is the cheapest Lexus GX 550?
The starting price of the base model GX 550 Premium is around $64,250 USD. This variant offers the most basic configuration.
6: What is the Towing Capacity Of The Lexus GX 550 Premium Plus?
You can tow up to 9041 pounds with the Lexus GX 550 Premium+. That’s a pretty impressive towing capacity for a luxury SUV.
