How much does a Lexus RZ cost?
The Lexus RZ is a luxury electric SUV that has been making waves in the automotive market for its sleek design, advanced technology, and eco-friendly performance. If you're considering purchasing this vehicle, understanding its price range is essential to make an informed decision. In this article, we'll break down the cost of the Lexus RZ and what factors might influence its pricing.
Base Price of the Lexus RZ
The Lexus RZ starts at a base price of approximately $59,650 for the 2025 model year. This price reflects the entry-level trim, which comes equipped with a variety of standard features, including a premium interior, advanced safety systems, and a robust electric powertrain. Keep in mind that prices may vary slightly depending on your location and the dealership you visit.
Factors That Affect the Final Cost
While the base price provides a good starting point, several factors can influence the final cost of your Lexus RZ. Here are some key considerations:
- Trim Level: Higher trims, such as the Luxury or Performance packages, can significantly increase the price due to added features like upgraded materials, enhanced technology, and advanced driving aids.
- Optional Features: Customizing your Lexus RZ with optional features like a panoramic sunroof, premium audio systems, or larger wheels will add to the overall cost.
- Taxes and Fees: Sales tax, registration fees, and destination charges will vary depending on your state or region.
- Dealer Markups: Some dealerships may add markups due to high demand or limited availability, especially for new or popular models.
Additional Costs to Consider
Beyond the purchase price, it's important to account for additional costs associated with owning a Lexus RZ:
- Insurance: Luxury vehicles like the Lexus RZ often come with higher insurance premiums. Be sure to get quotes from multiple providers to find the best rate.
- Charging Equipment: If you plan to charge your Lexus RZ at home, you may need to invest in a Level 2 charging station, which can cost anywhere from $500 to $2,000, plus installation fees.
- Maintenance: While electric vehicles generally have lower maintenance costs than traditional gas-powered cars, routine check-ups and tire replacements should still be factored into your budget.
Conclusion
The Lexus RZ is a premium electric SUV that offers a blend of luxury, performance, and sustainability. With a starting price of around $59,650, it provides excellent value for those looking to transition to an electric vehicle without compromising on quality. However, be prepared for additional costs based on customization, location, and ownership expenses. If you're ready to make the leap, visit your local Lexus dealership to explore the RZ and take it for a test drive!
Frequently Asked Questions
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 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.
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.
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.
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.
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.
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 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 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.
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.
