The 1992 Land Cruiser saw very few changes, but power mirrors, locks, and windows were made standard, indicating the Land Cruiser's emergence as a higher-end vehicle.

The 1992 Land Cruiser came in one trim level, a four-wheel-drive four-door SUV. The engine was a 4.0-liter, 155 horsepower six-cylinder. The only available transmission was a four-speed automatic. Fuel economy was pretty poor, at 12/14 mpg.

By 1992, the Land Cruiser was becoming increasingly popular as a family car. Drivers of the 1992 Land Cruiser praise its ability to carry furniture, the groceries, a load of bikes, or half the soccer team. They also appreciate the car's unwavering reliability. However, many find the engine to be underpowered, and the gas mileage is terrible. They can also be quite expensive to fix.