Lexus is giving you a massive new incentive to try out its all-electric luxury SUV. Through a new deal this month, Lexus is offering up to nearly $22,000 in lease cash on 2024 RZ models.

The Lexus RZ 450e, the luxury brand’s first electric vehicle, went on sale in 2022. Lexus launched a new RZ 300e model with more range and a lower starting price this year.

Starting at $55,175, the 2024 Lexus RZ 300e Premium offers up to an estimated 266 miles range. The RZ 450e, equipped with its dual-motor (AWD) DIRECT4 system, gets up to 196 miles range.

Although it’s built on the same platform as the Toyota bZ4X and Subaru Solterra, Lexus added its signature design elements and improved the ride quality. Lexus engineers added in-cabin-sounds, a high-output eAxle, and paddle shifters to make your morning commute a little more enjoyable.

Lexus based the interior on the minimalistic concept of Tazuna, the Japanese word for reins of a horse. In other words, Lexus looks to give drivers more of a connection with their vehicles.

A 14″ standard touchscreen (with Apple CarPlay and Android Auto support) is at the center of an otherwise minimalistic setup.

Lexus-lease-cash-RZ
2024 Lexus RZ 450e Luxury (Source: Lexus)

Lexus offers massive lease offer on RZ electric SUV

With a new incentive this month, Lexus is offering up to $21,850 in lease cash on the 2024 RZ electric SUV.

According to online car research firm CarsDirect, the 2024 Lexus RZ 300e Premium is available at just $299 for 36 months, with $0 due at signing.

Lexus-lease-cash-RZ
2024 Lexus RZ interior (Source: Lexus)

The monthly payment is offered at such a low price because Lexus is factoring in the $21,850 in lease cash. This offer is good until November 4th and is advertised in the Denver area. In other parts of the US, Lexus is still offering up to $18,500 in lease cash.

2024 Lexus RZ trim MSRP
(*including $1,150
delivery fee)
RZ 300e Premium FWD w/ 18″ Wheel $55,175
RZ 300e Premium FWD w/ 20″ Wheel $56,390
RZ 300e Luxury FWD $60,905
RZ 450e Premium AWD w/ 18″ Wheel $59,875
RZ 450e Premium FWD w/ 20″ Wheel $61,090
RZ 450e Luxury AWD $65,605
2024 Lexus RZ prices by trim

Lexus sold 8,381 RZ models in the US through September, up 233% from last year. Toyota, the luxury brand’s parent company, has sold 13,577 bZ4X models in the US so far this year.

Toyota is also offering significant incentives for its electric SUV. The 2024 Toyota bZ4X is one of the best EV lease deals in October at just $239 for 36 months. With $2,999 due at signing, the effective cost is $322 per month.

Are you ready to drive off in your new electric SUV? We can help you score deals near you today. Check out our links below to find great deals on the Lexus RZ and Toyota bZ4X at a dealer near you.

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