Lexus IS stocked in limited numbers:
You'll find a very small number of 2020 Lexus IS vehicles remaining on dealer lots. This one is a carryover. The 2021s are expected soon. It will be a new model, but the engine choices will carryover. In any case, offers on both model years are in place.
The current offers are in place through November 30, 2020. We may see an update ahead of Thanksgiving and Black Friday, so please check back. The examples listed here are available in the Western States.
Generous Lexus Cash:
All versions of the 2020 IS are eligible for $4,000 in Lexus Cash. This is a fantastic deal!
If you order a 2021 IS, you'll find $2,000 in customer cash. Moreover, Lexus offers a $1,500 loyalty bonus to current Lexus owners, bringing your potential cash savings to an outstanding $3,500.
The only catch here is that you cannot combine the Lexus Cash offer with promotional financing through Lexus. Your local dealer may offer competitive rates, however, so don't hesitate to ask.
Strong financing and a bonus:
Shoppers of the 2020 IS are eligible for 0.0-percent APR financing for 60 months and 1.9-percent APR for 72 months. You can also claim $1,000 in APR cash, funds you'll use toward your down payment.
Choose a 2021 IS and Lexus offers 0.0-percent APR financing for 60 months and 1.9-percent APR for 72 months. Although there is no APR cash available, you can claim the $1,500 loyalty bonus, if eligible.
These offers are outstanding and are among the best we've seen from a luxury brand.
Lease offers with your first payment covered:
Lease offers for the 2020 and 2021 IS are in place. This month, Lexus will make your first lease payment, up to $700.
The first lease offer is for the 2020 IS 300 base model with blind-spot monitoring. Here, you'll pay $299 per month for 36 months with $2,999 down. Your effective monthly cost is $382 per month and that's a decent offer.
The second offer is for the IS 350 base model, also with blind-spot monitoring. Here, you'll pay $319 per month for 36 months with $2,999 down. Your effective monthly payment is $402 and that's also a decent offer.
Choose a 2021 and similar lease offers are in place. The first one is for the 2021 IS 300 base model. Here, you'll pay $339 per month for 36 months with $3,999 down. Your effective monthly cost is $450 per month.
The second offer is for the IS 350 base model. Here, you'll pay $369 per month for 36 months with $3,999 down. Your effective monthly payment is $480.
Like most Lexus leases, your annual driving allowance for the 2020 IS is 10,000 miles.