Selling a used LandCruiser 300: the premium, recalls and grades

A dealer now prices a used LandCruiser 300 on its grade, build date, kilometres, condition, service history and accessories. The 2022 shortage, when near-new examples were listed at $200,000 and more and up to about $60,000 over list price, has eased. Two transmission software recalls, REC-005908 and REC-006549, are the ones to check by build date. The US engine recall over manufacturing debris named the Tundra and two Lexus models, not the LC300.

We don’t publish valuations online, so there’s no price for your car here. What follows is what moves it, from which LC300 you have to what a buyer looks at on inspection day.

What changed when the 300 replaced the V8 200 Series?

The LandCruiser 300 arrived in Australia in late 2021. It swapped the 200 Series’ 4.5-litre V8 diesel (200kW and 650Nm) for a 3.3-litre twin-turbo V6 diesel making 227kW and 700Nm, driving through a 10-speed automatic. CarExpert lists a braked towing capacity of 3,500kg across the range.

If a buyer knows the 200 Series, expect questions about the newer engine and gearbox, as well as recalls, servicing and towing. Have your service records and recall search result ready before the first call.

Which of the six grades do you have?

The range runs GX, GXL, VX, Sahara, GR Sport and Sahara ZX. After the 2025 update, CarExpert reported list prices from $97,990 for the GX to $146,910 for the Sahara ZX, before on-road costs. Those are new-car prices for context, not what a used one is worth.

With almost $49,000 between the GX and Sahara ZX list prices, grade makes a big difference, so get it exactly right. The GR Sport’s bumper gives it a better approach angle, and with front and rear diff locks it’s the grade set up for off-road driving. The Sahara and Sahara ZX sit at the comfort end of the range. If you’re not sure which grade you have, your original sales invoice or a Toyota dealer can settle it.

Why were near-new LC300s listed above list price in 2022?

Because new ones were hard to get. In January 2022, carsales reported that prices on its LC300 listings had reached $200,000 and beyond, and that waiting times were back out to 12 months in some cases. Two GR Sports in Western Australia were each listed at $194,990 plus on-road costs, against a GR Sport list price of $137,790 plus on-roads. That’s more than $57,000 over. A privately listed Sahara in South Australia, with 700km on the clock, was advertised at $190,000, which carsales put at $58,810 over list.

A month later, CarExpert found near-new listings above list price in every grade. The only dealer-listed GX was asking $122,990 drive-away with 20km on the clock, and two dealer-listed Sahara ZXs were asking $189,990 and $192,990.

A premium like that lasts only while buyers will pay extra to skip a queue, and it has since eased. A used LC300 is now priced like any other late-model 4WD: against the current new-car price and the other examples for sale.

What that means if you bought in 2022

If you paid over list price, what you paid isn’t a guide to the car’s value now. That matters most if you financed the purchase. When the loan payout is higher than the offer, the gap is negative equity, and it has to be covered before settlement. Ask your lender for a payout figure first, and read our guide to selling a car under finance before you take any calls.

What did the 2025 update add, and does your car have it?

Toyota updated the LC300 in 2025, and CarExpert reported examples arriving in showrooms in April that year. There was no styling change and no change to the engine. The update was about safety and screens:

• Lane-centring and emergency steering assist became standard on every grade. Before, they were on VX and above.
• Safe exit assist was added to grades with blind-spot monitoring (GXL and above).
• The GX and GXL got a 7-inch digital instrument display (up from 4.2 inches) and an 8-inch touchscreen (down from 9 inches) with wireless Apple CarPlay and Android Auto.
• The VX and above gained wireless Apple CarPlay and Android Auto on their 12.3-inch touchscreens.
• List prices rose by between $999 and $2,029, depending on grade.

Because the body didn’t change, a buyer can’t easily tell an early car from a 2025-update car from the kerb. On a GX or GXL, the dash gives it away: an updated car has the 7-inch instrument display and the 8-inch touchscreen, where earlier cars had a 4.2-inch display and a 9-inch screen. On the VX and above, wireless CarPlay is the clue. Otherwise, a Toyota dealer can confirm the build from your VIN.

Say which you have when you ask for an offer. A buyer comparing two similar LC300s will notice the extra standard safety gear. The 2025 build date also tells you which transmission recall to check.

Which transmission recalls apply to your LC300?

These are the two transmission recalls we know of. The list isn’t complete, so run your own VIN through the government’s vehicle recall search.

The second recall was published in February 2026. CarExpert reported the risks: transmission damage, loss of power at higher speeds and, if fluid leaks onto hot exhaust parts, a higher risk of fire. Toyota dealers reprogram the transmission software free of charge, and CarExpert said the job takes about 30 minutes. The REC-006549 notice has the official wording.

You can usually sell with a recall still open, but buyers and dealers check for one. Book the work before you sell if you can, and keep the job card. If there isn’t time, tell the buyer which recall is still open so it doesn’t surprise anyone at inspection. Our guide to checking open recalls before you sell explains how to read the search results.

Was the LC300 part of the US engine recall?

No. Owners who follow US news may have seen reports of Toyota replacing engines. That recall was filed with the US regulator, NHTSA, in May 2024 (campaign 24V-381) and covered certain 2022 and 2023 Toyota Tundra and Lexus LX models. In November 2025, campaign 25V-767 expanded it to certain 2022 to 2024 Tundra and LX models and the 2024 Lexus GX, all fitted with the V35A engine.

NHTSA’s summary says debris from the manufacturing process may contaminate the engine and cause the main bearings to fail. That can stall the engine and cut drive power. The first remedy was a replacement engine. Under the expansion, dealers inspect the number 1 main bearing first and replace the engine if needed.

Neither record names the LandCruiser 300, and the LC300 sold here runs the 3.3-litre twin-turbo diesel. If a buyer raises it, the straight answer is that Australian recalls are listed against your VIN on the government site. Show them your result.

Bull bars, drawers and towing gear: what helps a touring LandCruiser?

If your LC300 has been set up to tow a van or tour, buyers will sort the add-ons into two groups. Expected items, such as a tow bar, tend to hold or add value. Suspension lifts, aftermarket wheels, engine tuning and heavy or non-compliant modifications narrow the pool of buyers, because each one is something the next owner has to accept. Our guide to accessories, modifications and resale value goes item by item.

For an LC300, three things help:

• Keep the fitting invoices for the bull bar, roof rack, drawers, dual battery system or brake controller. Brand names and fitting dates make add-ons easier to price.
• If the suspension or the GVM has been changed, have the engineering or compliance paperwork ready. A buyer will ask for it.
• Everything bolted on adds weight. Know roughly what the touring gear weighs, because a buyer who tows will ask.

If the car has just come back from a long trip, give it a proper wash underneath and check the tow bar, wiring and stone chips before an inspection. Our guide to selling your tow vehicle after a big trip has a fuller list.

What will a buyer or dealer check on your LandCruiser 300?

Use this as a checklist before anyone comes to look at the car.

Getting a genuine offer on your LandCruiser

Once you know your grade, build and recall status, the choice is how to sell. A private sale means answering the premium, recall and engine questions for every caller, then handling payment and paperwork yourself on a high-value car. Selling to a licensed dealer means dealing with one buyer and one inspection.

Sell Your Car Australia is run by Autohaus Australia Pty Ltd, a NSW licensed motor dealer (MD 077404), with a valuer who has priced cars since 1992 and supplies dealerships nationwide. We buy LandCruisers and other utes and 4WDs from 2021 or newer with 100,000 km or less. If yours is older or has done more, send it through anyway and we’ll tell you straight away if we can help.

Corey K sold us his LandCruiser 200 Series VX from Melbourne. It’s an older model and his own experience, not a promise, but it shows the order things happen in. In his words: “After a brief discussion and a few calls back and forth, I had sold my car. It all happened in less than an hour from the initial enquiry”. On collection: “Holly also advised that once the money was in my account to contact her and she would arrange the freight company to collect the car”. Paid first, collected after: that order doesn’t change.

You get a genuine offer by phone, not an online estimate. The deposit is often paid the same day, the inspection happens after you accept at a time and place that suits you, and the balance goes into your bank account. The car is collected only after you confirm the funds have cleared, and we arrange collection anywhere in Australia. We prepare the sale paperwork and help with the transfer of ownership. Usually no roadworthy or safety certificate is needed when you sell to us; rules differ by state and we confirm on the call. The valuation is free, there’s no obligation and no fees come out of the offer. Call 1800 73 55 73.