Ferrari has revealed the latest in its line of GT cars in Sydney, with the GTC4 Lusso T coming in at a cool $503,888 before on road costs.

Powered by a 449kW version of the 488 GTB engine (which makes 492kW), it runs a rear-drive, rear-steer chassis that’s 50kg lighter than its V12 big brother, the GTC4 Lusso. The V12 makes 507kW, in case you were wondering.

Ferrari’s amazeballs seven-speed dual-clutch transaxle take pride of place between the 20-inch rear wheels, and there are carbon-ceramic brakes all round.

Ferrari GTC4 Lusso T rear

It’s been built to take on the flood of customers eyeing off stupidly expensive SUVs like the Bentley Bentayga, as well as capturing a raft of upwardly mobile types looking to graduate from top-end Mercs and Audis.

Ferrari GTC4 Lusso T side

While the stock price is $503,888 before on-roads, the example you see here is more like $630,000. Ferrari’s options list is long and eye-watering, with Mr Appleroth suggesting that customers spend on average $65,000 – or about the cost of a Ford Mustang GT – on personalisation options.

Ferrari GTC4 Lusso T boot