Lexus ES 300h running costs

Competitive pricing, economy and company-car tax advantages all work in favour of the ES 300h

With prices between £35,000 and £45,000, the Lexus looks pretty good value against petrol and diesel rivals from Europe, especially when the standard equipment levels are factored in. The BMW 520i SE will cost at least £1,500 more.

Lexus isn’t renowned for its discounting, whereas you may be more likely to secure a deal from a manufacturer doing more extensive business with fleets.

The CO2 figure is advantageous, too, giving the ES a Benefit-in-Kind tax liability of 22% for company-car drivers – the Mercedes E 220 d comes in at 29%.

Running the ES F-Sport on its big 19-inch alloy wheels will make a small difference to the calculations, as the MPG and CO2 figures will suffer slightly.

As with any self-charging hybrid, the Lexus ES doesn’t qualify for exemption from the London Congestion Charge.

Lexus ES insurance group

While we’re waiting for Lexus ES insurance ratings to be confirmed, we expect them to be competitive with rivals such as the Audi A6 – which likely means an insurance group in the low 30s. The outgoing Lexus GS was group 31 to 33, also in the same ballpark.

Warranty

Lexus offers an industry-standard three-year/60,000-mile warranty, but while a few key rivals do a little better, none comes close to matching the Lexus brand’s formidable reliability reputation.

Servicing

The Lexus ES 300h should cost a similar amount to service as the GS it replaces. Therefore, expect to pay around £265 for intermediate services at 10,000, 30,000 and 50,000 miles. Full services at 20,000 and 40,000 miles should be around £500.

Road tax

The entry-level Lexus ES and ES F-Sport will cost £130 in annual road tax, but the Takumi trim level – and F-Sport models with option packs – will be over the £40,000 price threshold that attracts the additional £310 annual road tax surcharge in years two to six.

Depreciation

The Lexus GS hasn’t performed particularly strongly in the depreciation stakes, with 300h models retaining between 37 and 44% of their value after three years and 36 months according to our experts’ predictions. Owners will hope the extra desirability of the new ES will improve those numbers a little.