Lexus, known for its commitment to luxurious automobiles, entered the electric vehicle market last April with the introduction of the 2023 RZ 450e. The debut of this all-electric SUV signifies Lexus' shift towards becoming a brand centered around battery electric vehicles (BEVs).
The 2023 RZ 450e started its rollout in the first quarter of 2023 and has garnered significant attention, with Lexus having sold over 2,500 models through September.
Sharing a 71.4 kWh battery with Toyota's bZ4X, the Lexus RZ offers an impressive range of up to 220 miles. While sharing a common platform with its sibling, Lexus prides itself on delivering an EV with an “innovative design, inside and out,” designed to provide a unique and exceptional experience.
Lexus has used this transition to EVs as an opportunity to revamp its design language, as exemplified by the introduction of the new “Spindle Body,” which replaces the iconic Lexus spindle grille.
The interior of the 2023 Lexus RZ is spacious and features a 14″ touchscreen, a panoramic sunroof, premium surround sound, and an optional 10″ head-up display. It also boasts compatibility with Apple CarPlay and Android Auto.
The 2023 Lexus RZ comes in two all-wheel-drive (AWD) trims: Premium and Luxury. The RZ 450e Premium starts at $59,650, while the Luxury version is priced at $65,150.
Despite the seemingly premium price tags, Lexus is currently offering substantial discounts on leases. As per the information available on Lexus' official website, prospective customers can lease the 2023 RZ with up to $15,000 in lease cash.
For instance, a 2023 Lexus RZ 450e Premium can be leased for as low as $499 per month, with an initial payment of $4,999 due at signing. It's important to note that the lease offer may vary based on the customer's location.
This lucrative offer is valid until the end of November and requires a qualifying lease purchase. According to the findings of the online research firm CarsDirect, this is the most substantial discount ever offered on the electric Lexus.
Comparatively, the current offer of $15,000 exceeds the $10,000 discount provided during the summer, highlighting the competitive dynamics in the EV market. Notably, the all-electric Lexus RZ is now approximately $300 cheaper per month to lease than when it was initially launched, making it a compelling option for consumers.
The 2023 RX, a gas-powered counterpart from Lexus, is currently available for lease starting at $599 per month, with $4,999 due at signing. This places the all-electric RZ at an attractive price point, further bolstering its appeal in the evolving EV landscape.