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2024 Lexus RZ crossover grey color
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2024 Lexus RZ Discount Reveals $44k Base Price

Lexus' flagship EV model just got a lot more affordable. Again. Based on bulletins sent to dealers this week, the 2024 Lexus RZ is already eligible for as much as a $12,500 discount off MSRP when leasing. In the case of the new lower-priced RZ 300e, shoppers could be looking at a price tag just above the $44,000 mark.

Through January 31st, the 2024 Lexus RZ 450e features $12,500 in lease cash. The recently introduced RZ 300e, with more range and a price roughly $4,500 lower than the previous version, has a slightly lower discount of $11,000. With an MSRP of $55,150, the $11,000 discount would bring its price to only $44,150.

2024 Lexus RZ crossover rear view

Interestingly, Lexus also introduced the first purchase discount on the 2024 RZ. All versions are eligible for $5,000 in Lexus Cash, which is essentially a customer cash incentive that you can only get when buying. Lexus Financial is also offering 1.9% financing for 60 months, though the incentives cannot be combined.

If you're looking to get your hands on a Lexus RZ, odds are that leasing will be your best bet. Even though the EV is ineligible for a federal tax credit when buying, a loophole enables Lexus to offer significant savings by taking advantage of a commercial tax credit on leases. This could make the RZ more affordable than ever.

Having said all of that, we think the 2023 Lexus RZ could be worth a look. After all, it's more powerful than the RZ 300e and features a $15,000 incentive. For some shoppers, the larger discount could negate the apparent cost advantage of the RZ 300e. We suggest comparing your options to ensure you get the best deal.

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      Alex has been writing about car buying and leasing for over a decade. Originally from San Francisco, Alex has a degree in History from the University of California, Santa Barbara, and has been a lifelong lover of cars. Alex’s work has been featured in publications such as Forbes, The Wall Street Journal, Motor Trend, and more.

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