Lexus LBX vs Peugeot 408
A detailed look at how two of Australia's most popular SUVs compare on price, running costs, safety, and everyday livability.
Specifications and pricing correct at time of publishing. Prices are RRP before on-road costs unless stated otherwise. Always confirm with the manufacturer or dealer before purchasing.
Price Breakdown
The Lexus LBX starts from $47,550 before on-road costs, while the Peugeot 408 opens at $57,990. That makes the Lexus LBX the more affordable entry point by $10,440.
Once you factor in stamp duty, registration, CTP insurance, and dealer delivery, expect to add roughly 8-12% on top of the RRP depending on your state. That puts estimated driveaway prices in the ballpark of $52,305 and $63,789 respectively.
Over 5 years, the running costs favour the Lexus LBX by roughly $2,140 in fuel alone.
Safety Rundown
Both the Lexus LBX and Peugeot 408 hold a 5-star ANCAP safety rating. Adult occupant protection scored 82% for the Lexus LBX and 79% for the Peugeot 408.
Where the two diverge is in active safety technology. Both models are evenly matched with 5 out of 10 key ADAS systems.
Both include the essentials: autonomous emergency braking, lane keep assist, adaptive cruise control, a reversing camera.
Feature Showdown
Both come with modern infotainment systems. Apple CarPlay and Android Auto are standard across both.
The Lexus LBX stands out with Apple CarPlay that you will not find on the Peugeot 408. The Peugeot 408 counters with wireless Apple CarPlay/Android Auto, wireless charging, panoramic roof, power tailgate and Focal audio. Which feature set matters more depends on your daily routine and priorities.
Drivetrain
The Lexus LBX uses a Hybrid producing 100kW and 185Nm of torque, sent through a cvt to a FWD layout. It covers the 0-100km/h sprint in 9.2 seconds.
The Peugeot 408 responds with a Hybrid making 100kW and 230Nm, paired to a automatic driving the front wheels. It gets to 100km/h in 9.4 seconds.
Power output is identical on paper, so the difference comes down to tuning, weight distribution, and suspension. In the real-world sprint, the Lexus LBX is 0.2s quicker. For most buyers, the way each car feels day-to-day matters more than outright acceleration.
Space & Comfort
The Lexus LBX measures 4,190mm long on a 2,580mm wheelbase, 500mm shorter than the Peugeot 408 at 4,690mm (2,790mm wheelbase). The longer wheelbase on the Peugeot 408 generally means more rear legroom.
Boot space is 332L in the Lexus LBX and 508L in the Peugeot 408, giving the Peugeot 408 a 176L advantage.
Turning Circle
Kerb-to-kerb diameter. Smaller turns easier in tight carparks and U-turns.
10.8m diameter
Good
Based on 10.8m turning circle:
- U-turn on standard street (7m+ wide)
- Standard parking bay
- Tight carparks
- Narrow laneways
Turning circle ratings
True Cost to Own
Based on 15,000km of annual driving, fuel costs roughly $1,311/year for the Lexus LBX and $1,739/year for the Peugeot 408. That is a $428 annual difference in favour of the Lexus LBX.
Estimated annual total: $1,311 (Lexus LBX) vs $1,739 (Peugeot 408). The Lexus LBX saves you roughly $428 per year in total ownership costs. Use our Fuel Cost Calculator to estimate based on your driving.
Warranty: 5 years / 999,999km (Lexus LBX) vs 5 years / 200,000km (Peugeot 408). Both match on warranty length.
Who Should Buy Which?
Buy the Lexus LBX if: You want the lower entry price, want lower running costs, or prefer Lexus's approach to design and ownership experience.
Buy the Peugeot 408 if: You need more boot space, or prefer Peugeot's approach to design and ownership experience.
The Verdict
The Lexus LBX takes 3 of 4 key spec categories and comes in at a lower price. The Lexus LBX will save you roughly $428 a year in fuel. If boot space matters, the Peugeot 408 has a clear edge. The best pick depends on what you value most. Explore the full specs for each model below.
Common questions
Which is cheapest, Lexus LBX and Peugeot 408?
The Lexus LBX is the cheapest at $47,550 before on-road costs. That undercuts the Peugeot 408 by $10,440.
Which is the most fuel-efficient?
The Lexus LBX uses the least fuel at 4.6L/100km on the combined cycle.
Which is safest?
They are evenly matched — Lexus LBX and Peugeot 408 all hold a 5-star ANCAP rating. Compare the active-safety features above to separate them.
Which has the most boot space?
The Peugeot 408 has the largest boot at 508L.
Which can tow the most?
The Peugeot 408 has the highest braked towing capacity at 1,300kg.
Disclaimer: All information in this comparison was believed to be correct at the time of publishing (20 April 2026). Prices are manufacturer recommended retail prices (RRP) and may vary by state, dealer, and options. Driveaway costs include estimated on-road costs for Victoria. Fuel economy figures are WLTP/ADR combined cycle. Specifications can change without notice. Always verify with the manufacturer before making a purchase decision. CarSorted does not accept payment for recommendations.
Auto-generated from CarSorted's specification data · 20 April 2026
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