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2023 Lexus RZ

Used 2023 Lexus RZ

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2023 Lexus RZ Exterior: 0
2023 Lexus RZ Exterior: 1
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2025
2023
EV Range
220 miles
Charge Time (240V)
10 hours
0-60
5 seconds
MPGe
95 - 107 combined mpge
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Calculate Your Annual Fuel Cost Savings

Electric ($0.16/kWh)
vs
Gas ($3.45/gal)
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Fuel Savings
$846
/yr
Actual results will vary according to driving conditions, driving styles, vehicle maintenance. Cost estimates are based on 105MPGe vs 25.4 MPG, the estimated cost per gallon of gasoline of $3.45, and the estimated cost of electricity per kilowatt-hour of $0.16.

2023 Lexus RZ Review

Colin Ryan

By Colin Ryan

Updated January 30, 2025

Colin Ryan specializes in writing about new cars. He has done this for the Los Angeles Times, Variety, Kelley Blue Book, Autotrader, Popular Mechanics, Mazda and Lexus customer magazines, plus a bunch of enthusiast sites and publications. And he spent several years as a staff writer at BBC Top Gear magazine. During this zig-zag of a career trajectory, he has driven everything from budget Malaysian hatchbacks (yes, they exist) to scarily expensive Italian exotica.

Pros

  • First all-electric luxury SUV from Lexus
  • All-wheel drive is standard

Cons

  • So-so range
  • So-so charging speeds

What's New?

  • The Lexus RZ is an all-new model

For all those luxury buyers who want to go electric but would prefer to choose a trusted marque, the Lexus RZ 450e could be the ticket. The build quality is impressive, the cabin is quiet, and the materials are suitably plush. There are faster-charging rivals with better ranges, though—the Genesis GV60, for instance. However, it’s high time that Lexus came out with an electric vehicle (EV). Size-wise, the new RZ 450e slots between the compact NX and the midsize RX. It’s not coincidental that Toyota’s new bZ4X all-electric SUV also launched for 2023. These two vehicles are based on the same platform and share more than a few mechanical parts. This Lexus naturally has its own interior and exterior designs while catering to the luxury end of the market.

What’s New for 2023

The 2023 Lexus RZ 450e is a completely new model based on a dedicated electric vehicle (EV) platform. It’s a little smaller than the ever-popular Lexus RX SUV.

2023 Lexus RZ Pricing

2023 Lexus RZ pricing starts at $35,421 for the RZ 450e Premium Sport Utility 4D, which had a starting MSRP of $59,650 when new. The range-topping 2023 RZ 450e Luxury Sport Utility 4D starts at $38,262 today, originally priced from $65,150.

Original MSRP
KBB Fair Purchase Price (national avg.)
$59,650
$35,421
$65,150
$38,262

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Lexus RZ models in typical condition when purchasing from a dealership. These prices are updated weekly.

Power, Ride and Handling

Like most of today’s electric vehicles, the RZ 450e is exceptionally and effortlessly quick. With its standard dual-motor setup delivering 308 horsepower through the added traction of all-wheel drive, it’ll do 0-60 mph in a scant 5.0 seconds without breaking a sweat or waking the neighbors, even. And while it succeeds in delivering the same levels of comfort we’ve come to expect from a Lexus SUV, we found the RZ 450e surprisingly responsive, composed and even fun to drive around town, too. Steering and brake feel are both very good. We do wish the RZ offered a one-pedal driving mode, perhaps further demonstrating how our driving preferences are evolving as more and more of our seat time is spent in electric cars.

We’ve logged hundreds of hours driving and evaluating this generation of luxury electric SUVs, including the Lexus RZ.

Tactile Interior

The interior of the RZ resembles the passenger cabin of just about every other modern Lexus. We suspect many will prefer the familiarity compared to some of the more futuristic and austere interiors in the electric vehicle space. Although most SUV buyers cherish the raised driving position, the RZ 450e’s front seats seem set higher than usual. Yet there’s little space under them for rear passengers to tuck their feet. Not that this is much of an issue, as occupants in both rows will find plenty of space in which to move around. Behind the rear seats is a luggage area big enough to take three sets of golf clubs. We really like the feel of the steering wheel covered in NuLuxe faux leather.

Usual Lexus Exterior, But With a Twist

The new RZ 450e doesn’t need a radiator grille up front because there’s no combustion engine to cool, but Lexus has placed a typically huge spindle shape there anyway. The rear end has the Lexus name spelled out in upper-case letters, which looks arguably cooler than the regular company logo, while a ducktail spoiler completes the picture. A 2-tone paint job is available, featuring solid black at the front end, running up to the hood and the roof.

At 189.2 inches long, the 2023 RZ 450e is 3.3 inches shorter than the midsize RX, 5.7 inches longer than the compact NX, and features a lower roof than both.

Our Favorite Features and Tech

Infotainment touchscreen
A big, 14-inch touchscreen enables Lexus to keep the rest of the RZ 450e’s cabin nice and tidy by migrating many functions that would have required physical buttons in the past.

Traffic Jam Assist
The RZ 450e can pretty much drive itself through stop-and-go traffic, although we’ve found it demands a more deliberate grip on the steering wheel than some other systems. A First World problem of the highest order, to be sure.

Wireless Apple CarPlay/Android Auto
The so-called entry-level Premium model comes with standard cable-free phone integration, along with wireless charging, Wi-Fi, and five USB-C ports.

Panoramic View Monitor
Quite often an option in other vehicles, this is standard in the new RZ 450e electric SUV, providing a 360-degree view of the surroundings.

Dynamic Sky Roof
Every RZ 450e has a panoramic glass roof, but the optional Dynamic Sky functionality is the real party trick. With the press of a button, the electrochromic glass changes from transparent to opaque. Choose more stars or less sun on demand, or just impress your friends.

Advanced Park
This optional feature takes care of steering, acceleration, and braking when maneuvering into and out of tricky parking spaces.

Frequency Reactive Dampers
Deployed for the first time in a Lexus, these are a sophisticated form of shock absorber that provides great handling stability without having to make the typical trade-off where ride quality suffers.

Engine & Transmission

Two electric motors, one for each axle, provide an electric form of all-wheel drive (which Lexus calls Direct4) as standard. Together, they generate a total of 308 horsepower. The front motor is capable of 196 lb-ft of torque, and the rear develops 124 lb-ft, making 320 lb-ft in total.

Power can be distributed between the front and rear wheels according to the conditions and demands. For example, at the exit of a corner, it’s the rears that gain 80 percent for maximum traction and efficient acceleration. Other times, most of the work is done by the front wheels for optimum efficiency. The driver doesn’t really feel all this going on. Transitions are seamless.

Dual electric motors
308 combined horsepower
320 lb-ft of combined torque
EPA city/highway fuel economy: 115/98 MPGe (18-inch wheels), 102/87 MPGe (20-inch wheels)
EPA-estimated range: 220 miles (18-inch wheels), 196 miles (20-inch wheels)

More range and efficiency information is available on the EPA’s website.

4-Year/50,000-Mile Warranty

The basic Lexus new-vehicle warranty lasts for four years or 50,000 miles, whichever happens first — a typical arrangement among luxury vehicles. Powertrains are covered for six years or 70,000 miles, which is better than many European luxury brands. An 8-year/100,000-mile warranty applies to the RZ 450e’s battery.


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New Lexus RZ Deals and Incentives

APR

0% APR | 48 months

Get 0% for 48 months on a new 2025 RZ 450e PREMIUM AWD.

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End Date: 04/30/2025
LEASE

$459 /mo | 36 months | Due at Signing

Lease a new 2025 RZ 450e PREMIUM AWD for $459 a month for 36 months with $4,999 due at signing.

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End Date: 04/30/2025
CONDITIONAL

$1000 Total Cash

Get $1,000 Rebate on a new 2025 RZ.

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End Date: 04/30/2025
See All Current RZ Deals

2023 Lexus RZ
KBB.com Consumer Reviews

5.0
Consumer Rating
Based on 3 Consumer Reviews
Write a Review
100%Recommend this vehicle
5
100%
5
100%
4
0%
4
0%
3
0%
3
0%
2
0%
2
0%
1
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Value
4.7
Performance
5.0
Quality
5.0
Comfort
5.0
Reliability
5.0
Styling
5.0

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2023 Lexus RZ Styles

Style
Price
EV Range
Charge Time
0-60
Combined MPGe
Cargo Capacity
Curb Weight
450e Premium Sport Utility 4D
$35,421
220 - 220 miles
10 hours
5 seconds
220 - 220 MPGe
34.9 cu ft
4564 lbs
450e Luxury Sport Utility 4D
$38,262
220 - 220 miles
10 hours
5 seconds
220 - 220 MPGe
34.9 cu ft
4619 lbs
See Full Specs for All 2023 Lexus RZ Styles
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2023 Lexus RZ Depreciation

A 2023 Lexus RZ has a current resale value of $32,620 and trade-in value of $29,192.

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2023 Lexus RZ Annual Depreciation

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Resale Value
Trade-In Value
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$32,620
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2023 Lexus RZ Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Specifications

Dimensions, Weights & Capacities

Curb Weight
4564 lbs.
Front Head Room
39.9 inches
Front Leg Room
42.1 inches
Max Seating Capacity
5
Overall Length
189.2 inches
Front Shoulder Room
56.9 inches
Trunk or Cargo Capacity
34.9 cu.ft.
Turning Diameter
36.8 feet
Wheel Base
112.2 inches

Exterior

Alloy Wheels
Available
Moon Roof/Sun Roof
Available
Number of Doors
4 doors
Panorama Moon Roof
Available
LED Headlights
Available
Rear Spoiler
Available

Fuel Economy

City
115 MPGe
Combined
107 MPGe
Highway
98 MPGe

Mechanical

Drivetrain
AWD
1 speed
Available
Parking Assist System
Available

Performance

Engine
Electric Motor
Estimated Electric Range
220 miles
Charge Time (240V)
10 hours
Battery Capacity
N/A
0 to 60
5.0 seconds

Warranty

Basic
4 years / 50000 miles
Powertrain
6 years / 70000 miles
Corrosion
6 years / Unlimited miles

Comfort & Convenience

  • Heated Steering Wheel
  • Interior Ambient Lighting

Entertainment

  • Premium Radio
  • Satellite Radio
  • Bluetooth Streaming Audio

Interior

  • Tilt Steering Wheel
  • Tilt/Telescoping Steering Wheel

Seating

  • Heated Seats
  • Dual Power Front Seats
  • Power Driver's Seat

Technology

  • Bluetooth Wireless Technology
  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Internet Access
  • Proximity Sensing Keyless Entry
  • Push-Button Engine Start
  • Smartphone Interface
  • Touch Screen Monitor
  • Voice Recognition System

2023 Lexus RZ Safety

2023 Lexus RZ Safety Technology

Lexus Safety System+ 3.0

This set of driver assistance features is standard in every new RZ 450e electric SUV. It includes forward collision warning with automatic emergency braking and pedestrian detection, intersection assistance, and lane-departure alert.

Dynamic Radar Cruise Control (DRCC)

Also part of the standard array, the RZ 450e’s adaptive cruise control works at full speed right down to a halt, maintaining a safe distance to the vehicle in front and resuming the preset speed when conditions allow.

Emergency Driving Stop System (EDSS)

This optional feature will set off the flashing hazard lights and bring the 2023 RZ 450e gently to a complete stop — in the lane — if sensors determine that the driver is no longer able to operate the vehicle. EDSS becomes active when the Lane Trace Assist function is deployed.

Compare to Similar Vehicles

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See Details
Price
$35,421
$35,055
$34,978
$30,225
KBB.com Rating
4.1
4.5
4.5
4.5
Consumer Rating
5.0
3.7
5.0
4.0
Fuel Economy
City 115/Hwy 98/Comb 107 MPGe
City 97/Hwy 87/Comb 93 MPGe
City 103/Hwy 86/Comb 95 MPGe
City 94/Hwy 80/Comb 87 MPGe
Fuel Type
ElectricLeafIcon
N/A
N/A
N/A
Estimated EV Range
220 miles
236 miles
248 miles
226 miles
Seating Capacity5555
Basic Warranty
4 years or 50000 miles
4 years or 50000 miles
N/A
4 years or 50000 miles
0-60
5 seconds
5.8 seconds
N/A
4.7 seconds
Horsepower
N/A
295 HP
314 HP
402 HP
Engine
Electric Motor
Dual AC Electric Motors
Dual Electric Motors
Dual Electric Motors
Drivetrain
AWD
AWD
AWD
AWD

2023 Lexus RZ Rankings

More Lexus RZ News & Information

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Toyota Offers 3 Years of Free EV Charging in NYC

The Toyota bZ4X is already among the least-expensive ways to get into a new car under warranty in parts of…

Sean Tucker October 29, 2024
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Lexus Offering $15,000 Lease Discount on RZ Electric Vehicle

The 2023 Lexus RZ is the company’s first electric vehicle in the U.S. As electric vehicles go, it’s not particularly…

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Here’s What You Get on a Fully Loaded Lexus RZ

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FAQs

How much is a 2023 Lexus RZ 450e?

Pricing for the all-new 2023 Lexus RZ 450e luxury electric SUV in Premium trim begins at $59,650. The Luxury trim starts at $65,150.

How long does it take to charge a 2023 Lexus RZ 450e?

Using a DC fast charger, the 2023 Lexus RZ 450e can take on almost six miles of range per minute. This works out to something like half an hour to reach the recommended 80 percent capacity (a full recharge is best done using a lower voltage over a longer time). Some rivals can do the same thing in about 15 to 20 minutes.

Is the 2023 Lexus RZ a good vehicle?

Yes, the 2023 Lexus RZ is a good car. Its Kelley Blue Book rating of 4.1 out of 5 is within 10% of our average rating.

How much should a 2023 Lexus RZ cost?

Used 2023 Lexus RZ prices currently range from $35,421 for the 450e Premium Sport Utility 4D to $38,262 for the 450e Luxury Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Lexus RZ?

The cheapest 2023 Lexus RZ is the 450e Premium Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $35,421.

Is the 2023 Lexus RZ reliable?

The 2023 Lexus RZ is part of the 1st-generation RZ, which our owners give an above-average reliability rating of 5 out of 5.

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