Lexus
IS
2021
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2021 lexus is
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2021 Lexus IS

Lease EstimateSee Lease Deals
$459/mo
Finance Estimate
$546/mo
FROM
$40,025
MPG
21 city / 31 hwy

Expert Rating

Not Available

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The monthly payment is based on the price of this vehicle assuming it is financed. If you choose to lease, you can also use the payment calculator to determine your lease terms. Default values for financing include: Term of months, APR of , and Sales Tax of . Default values for leasing include: Term of months, Money Factor of , Residual Value of , and Sales Tax of .

2021 Lexus IS
Lease
$459 / month
Finance
$546 / month
Vehicle Price
A typical negotiated price before taxes & fees.
Incentives
Incentives that help lower the selling price of a vehicle.
Available Money Factor of 0.0004 for 36 month lease
Incentives
Incentives that help lower the selling price of a vehicle.
Down Payment
Trade-In Value
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Represents the interest charged on a lease. May require top-tier credit to qualify for the best rates.
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Buying Tips

What you must know before buying the Lexus IS

Matthew Keegan
Contributing Editor - October 6, 2020
  • 2020 Lexus IS still available
  • Bonus: $4,000 Cash
  • Financing: 0% for 60 months + $1,000
  • Leases: From $299 per month for 36 months

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 model. The 2021s arrive late this fall. It will be a new model, but the engine choices will carryover.

The current offers are in place through November 2, 2020. We're not expecting the next update before then. 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!

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 bonus cash, funds you'll use toward your down payment.

This offer is outstanding and one of the best we've seen from a luxury brand.

The current lease offers:

Lease offers for the 2020 IS are in place. The first one is for the 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 $3,999 down. Your effective monthly payment is $430 and that's also a decent offer.

Like most Lexus leases, your annual driving allowance for the 2020 IS is 10,000 miles.

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CarsDirect Target Price

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CarsDirectPricing as of 10/21/20 in 20149
MSRP
$40,025
Sales Price
$40,025
Cash Rebates
$0
Target Price
$40,025
Lease Estimate
$459/mo
Finance Estimate
$546/mo

Cash Incentives

Incentive available to most customers and purchasing situations.
RebateAmount
Loyalty Bonus Cash Loyalty Incentive Program (Expires 11/2/20) For current owners of the same make. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%Qualification% The customer must provide proof of being a current owner or lessee of any Lexus model; purchase, finance or lease a new eligible model through a participating Lexus dealership; trade-in of current vehicle is not required. $1,000

Financing Incentives

RebateAmount
Promotional APR Offer Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Residents residing in qualifying regions of the United States listed in the BUSINESS CENTER BOUNDARIES section.
Term(s)1 - 3637 - 6061 - 72
Rate %1.9%1.9%2.9%
Eligibility Residents residing in qualifying regions of the United States listed in the BUSINESS CENTER BOUNDARIES section.
Loyalty Bonus Cash Loyalty Incentive Program (Expires 11/2/20) For current owners of the same make. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%Qualification% The customer must provide proof of being a current owner or lessee of any Lexus model; purchase, finance or lease a new eligible model through a participating Lexus dealership; trade-in of current vehicle is not required. $1,000

Leasing Incentives

RebateAmount
Lease Bonus Cash Lease Cash (Expires 11/2/20) Bonus cash available for qualified customers leasing a vehicle through the manufacturer's captive finance company on approved credit. Please check with your CarsDirect Trusted Dealer for complete details. $1,000
Loyalty Bonus Cash Loyalty Incentive Program (Expires 11/2/20) For current owners of the same make. May not be compatible with certain other incentive types such as Conquest programs. Please check with your CarsDirect Trusted Dealer for complete details.%Qualification% The customer must provide proof of being a current owner or lessee of any Lexus model; purchase, finance or lease a new eligible model through a participating Lexus dealership; trade-in of current vehicle is not required. $1,000

Hurry! Offer expires

Leases For Similar Cars

Based on 2021 Lexus IS IS 300 Base 4dr Rear-wheel Drive Sedan - MSRP $40,025

Top Lexus Deals & Must-Know Advice In October

Lexus continues offering strong financing deals in October. The entire 2020 lineup remains eligible for 0% APR for 60 months. In some cases like the 2020 ES, this low financing... View All Lexus Lease Deals

2021 Lexus IS: Redesign Info & Release Date

Justin Cupler
Automotive Editor

Redesign Info

The Lexus IS entered its third generation way back in 2014. Despite Lexus steadily reworking its lineup lately to make it more modern and competitive, the IS has left on the redesign back burner along with its GS sibling. The 2021 Lexus IS will change that, as it will take center stage with a complete redesign.

The 2021 Lexus IS may not boast a dramatic redesign, but there will be plenty of notable changes, including a 1.18-inch longer and wider body than the previous model. Up front, the 2021 IS’ updates will include a reworked spindle grille with a three-dimensional structure and slim headlights that flow outward to meet the sharp side character lines.

On top of the strong side character lines, the 2021 Lexus IS’ profile view will boast new rocker panel accent lines that kick upward near the rear, shallow-raked rear pillars that give it a coupe-like look, and bold rear fenders.

Around back, the 2021 Lexus IS will boast a lowered hood lid to enhance its sportier design and a striking L-shaped blade-style light bar that spans the width of this compact sedan.

Inside, the 2021 IS will feature the same simple yet luxurious design included in all new-generation Lexus models. This new design will include a clean-cut center stack, a wide center console, minimal sharp angles on the dash, a thick-rimmed steering wheel, and Lexus’ signature analog clock. The IS will also gain a standard 8-inch touchscreen for those who refuse to use the infamously clunky Lexus touchpad.


Lexus IS

Standard features inside the 2021 IS will include leatherette seating, a 10-way power driver’s seat, an eight-way power passenger’s seat, dual-zone automatic climate control, touch-sensitive controls, Apple CarPlay, Android Auto, Google Assistant, Amazon Alexa, and more. Optionally, buyers will be able to add a Mark Levinson premium audio system with 17 speakers and 1,800 watts, a 10.3-inch touchscreen, leather upholstery, and more.

Of course, the F SPORT package will remain available. On the outside, the F SPORT will add unique 18- or 19-inch wheels, F SPORT badges, exclusive exhaust, and an aerodynamically enhanced rear bumper, grille surround, rear lip spoiler, and rocker moldings. Inside, the F SPORT will add unique front seats, gauges, accelerator pedal, black geometric window switch surrounds, active exhaust sound enhancer, and more.

The 2021 Lexus IS will come in a few flavors: IS 300, IS 300 AWD, and IS 350. The IS 300 will feature a turbocharged 2.0-liter four-cylinder engine that’ll pump 241 horsepower and 258 pound-feet of torque to the rear wheels. Powering the IS 350 will be a 3.5-liter V6 that’ll ship 311 hp and 280 lb-ft of torque to the rear wheels. The IS 300 and IS 350 will include an eight-speed automatic transmission.

Just like the current model, the 2021 Lexus IS 300 AWD will drop the turbo engine in favor of a 260-hp 3.5-liter V6 engine paired to a dated six-speed automatic transmission.

The 2021 Lexus IS will gain the new Lexus Safety System+ 2.5 that’ll include forward-collision warning, automatic emergency braking, pedestrian and bicycle detection, evasive steering, automatic high-beam headlights, road-sign recognition, rear cross-traffic warning, lane-departure warning, and more. It’ll also include full-speed adaptive cruise control.

Pricing & Release Date

Lexus plans to have the 2021 IS in showrooms in the late fall of 2020.

Pricing is not yet official, but we expect a small increase relative to the current IS, which ranges from $39,585 to $45,370 (destination fees included).

This compact luxury sedan will compete with the BMW 3-Series, Jaguar XE, and Mercedes-Benz C-Class.

Learn more about the current IS on sale now »

Pictured: 2021 Lexus IS

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