Best Lexus Deals & Must-Know Advice: July 2021

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Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

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, Senior Pricing Analyst - July 6, 2021

The best Lexus deals are generally when leasing rather than buying. Having said that, you can still find rebates worth up to $3,000 on the flagship LS sedan and financing rates as low as 0.9% on the popular NX crossover. Interestingly, hybrids like the ES300h can actually be cheaper than their gas-powered counterparts.

If you're thinking of leasing an RX, consider upgrading to the three-row RXL. That's because it now offers up to a $2,500 incentive, 5x more than the modest $500 rebate you'll find on the standard RX Hybrid. As a result, it may be possible to get a lot more for your money by upgrading to a bigger and better-equipped SUV.

Offers end August 2, 2021 and vary by region. Examples listed here are for western states but expect to see similar deals in other parts of the country.

Best Lexus Lease Deals, Financing Incentives & Rebates

Model Best Lexus Lease Deal Best Lexus Financing Deal Best Lexus Rebate
Lexus UX
Lexus UX
Lease from $329/month (2021 UX) 0.9% APR for 60 months (2021 UX) Up to $1,000 (2021 UX)
Lexus IS
Lease from $359/month (2021 IS) 1.9% APR for 60 months (2021 IS) Up to $1,500 (2021 IS)
Lexus NX
Lease from $359/month (2021 NX) 0.9% APR for 60 months (2021 NX) Up to $1,500 (2021 NX)
Lexus ES
Lexus ES 350
Lease from $349/month (2021 ESh) 0.9% APR for 60 months (2021 ES) Up to $1,500 (2021 ES)
Lexus RX
Lease from $449/month (2021 RX) 0.9% APR for 60 months (2021 RX) Up to $2,500 (2021 RXL)

Explore the full Lexus lineup »

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Must-Know Advice For Lexus Buyers

Getting the best price. Lexus generally prohibits dealers from advertising below MSRP because of a limitation called MAAP (Minimum Allowable Advertised Price). To see the lowest possible price, you'll often have to request a quote from a dealer. As a result, the prices you see online may not depict how much you'll pay.

Pricey options. Expect to find well-equipped models when you get to the dealer. To meet demand, inventory tends to come bundled with popular factory options like Premium Packages and Navigation, which can increase prices anywhere from $3,000-$5,000. Be prepared to see higher prices than what's listed in ads.

Generous discounts. Lexus has been extraordinarily aggressive when it comes to discounts on its cars & SUVs. In the past, incentives like rebates and 0% financing were taboo because the brand was hoping to protect its image. However, that has apparently gone out the window with almost year-round savings on most models.

Where to find the best deals. Expect to see the best deals on vehicles like the RX, particularly when it comes to leasing. That said, discounts remain strong on vehicles like the IS and NX. However, shoppers should also be aware that dealers tend to stock crossovers, and sedan inventory can often be very hard to find.

Place an order. For hard-to-find vehicles or specific option combinations, consider a factory order. With the help of your local dealer, you may be able to get the exact model you want built to your preferences with a typical wait time of around 2-3 months. Explore your options with a dealer for best results.

Grad discounts. Recent grads should be aware that the Lexus College Graduate Program offers up to a $1,000 discount. The catch is that you'll have to finance through Lexus Financial Service (LFS) to qualify. LFS also offers low rates on certified used vehicles, something we often highlight in our monthly CPO offer roundup.

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, Senior Pricing Analyst

As CarsDirect’s resident pricing analyst, Alex offers must-know analysis of pricing & incentives to those looking to buy or lease a car. His consumer-oriented coverage of the latest trends and breaking news has been featured in publications such as Car and Driver, Motor Trend, Automobile Magazine and Autoblog.

Follow On: Twitter

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