How much does a Lexus RZ cost?
The Lexus RZ, the latest all-electric SUV from the luxury automaker, has been generating a lot of buzz in the automotive world. One of the key questions on the minds of potential buyers is: how much does the Lexus RZ cost? In this article, we'll dive into the details of the Lexus RZ's pricing and provide a comprehensive overview of what you can expect to pay for this cutting-edge electric vehicle.
Base Model Pricing
The Lexus RZ is available in several trim levels, with the base model starting at $59,650. This price point puts the RZ in the upper echelon of the electric SUV market, but it also reflects the high-end features and premium craftsmanship that Lexus is known for.
Additional Trim Levels and Options
While the base model RZ offers a compelling package, Lexus also offers several higher-trim levels and optional features that can significantly impact the final price. The mid-range RZ 450e, for example, starts at $64,700, while the top-of-the-line RZ 450e Luxury trim can cost upwards of $72,000.
Some of the key options that can drive up the price of the Lexus RZ include:
- All-wheel drive system: $3,000 to $5,000 additional
- Premium audio system: $1,800 to $3,000 additional
- Advanced safety features: $1,500 to $2,500 additional
- Upgraded interior materials and finishes: $2,000 to $4,000 additional
It's important to note that the final price of a Lexus RZ can vary significantly depending on the specific options and features selected by the buyer.
Comparison to Competitors
When compared to other premium electric SUVs on the market, the Lexus RZ's pricing is relatively competitive. For example, the Tesla Model Y, a popular alternative, starts at $65,990, while the Audi e-tron starts at $66,995.
However, it's worth noting that the Lexus RZ offers a unique blend of luxury, performance, and advanced technology that may appeal to a specific segment of the market. Ultimately, the decision to purchase a Lexus RZ will depend on the individual buyer's priorities and preferences.
Does Lexus RZ qualify for tax credit?
The current Lexus EVs, the RZ 300e and RZ 450e, may not qualify for the federal tax credit,13 but several major incentives are available that can equal the value of this EV tax credit.
Is the Lexus RZ the same size as the RX?
RX Size. Despite riding on different platforms, the RZ and RX are sized similarly. The RZ is less than three inches shorter than the RX at 189 inches in length. Inside, the RZ provides 37.5 inches of rear legroom which is matched by the RX.
How much is Lexus RZ in US?
Lexus RZ 300e
The new entry-level RZ 300e starts at $42,800. This trim comes only with front-wheel drive, the single-motor powertrain, 18-inch wheels and an all-electric range of 266 miles.
How many miles does the Lexus RZ get?
220 miles
It has an EPA-estimated range rating of 220 miles when equipped with 18” wheels and an EPA-estimated MPGe rating of 115/98/107 (city/highway/combined). When utilizing 20” wheels, the RZ 450e has an EPA-estimated MPGe rating of 102/87/95 with an EPA-estimated range rating of 196 miles.
How much does a Lexus RZ depreciate?
A 2024 Lexus RZ 450e Luxury has a 5-year cost-to-own of $85,739. After 5 years a 2024 RZ 450e Luxury will depreciate $40,974 and have a residual value of $24,606. During this time out-of-pocket expenses are expected to total $44,765.
How to qualify for the full $7500 federal electric vehicle tax credit?
Vehicles meeting both the critical mineral and the battery component requirements are eligible for a total tax credit of $7,500. Vans, sport utility vehicles, and pickup trucks must not have an MSRP above $80,000, and all other vehicles may not have an MSRP above $55,000.
Is Lexus discontinuing the RZ?
Lexus is discontinuing the 2023 Lexus RZ for the 2024 model year. Launched to market in early 2023, the RZ was the very first globally available battery-powered electric vehicle (EV) for the Lexus brand, with a lightweight yet solid build on the electric Toyota New Global Architecture platform.
What is the battery life of the Lexus RZ?
between 3 to 5 years
Your Lexus RZ 450e battery will generally last between 3 to 5 years, but that can change heavily depending on type of battery, battery size, weather conditions and driving habits.
How much will the RZ 450e cost?
2024 Lexus RZ 300e Luxury: Starting at $60,905 MSRP + DPH* 2024 Lexus RZ 450e Premium AWD: Starting at $59,875 MSRP + DPH* 2024 Lexus RZ 450e Luxury AWD: Starting at $65,605 MSRP + DPH*
What is the price of Lexus RZ?
Being a premium EV offering in the popular mid-size SUV segment, you can't really expect the 2024 Lexus RZ 450e Luxury to be cheap – and at $121,675 plus on-road costs, it isn't. Sitting above the Luxury model grade is the RZ 450e Sports Luxury, which starts at $133,675 plus ORCs.
