Best Lexus Deals & Lease Offers: August 2018

By

Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website

, Senior Pricing Analyst - August 1, 2018

It continues to be a great time to buy or lease a Lexus. That's because the brand has been aggressively using rebates worth up to $4,000 to help attract buyers. As before, the Lexus IS can be leased from just $299/month.

This month's biggest change is a new lease deal on the 2019 Lexus NX. Believe it or not, the latest version is just $10/month more than last year's model. Here, choosing the latest version will probably be a no-brainer.

Expect models like the GS and RC to be incredibly hard to find. Dealers have been stocking SUVs like the NX and RX in far greater numbers in order to meet customer demand, part of a larger trend you're bound to find with other brands.

Offers from Lexus vary by region and expire September 4, 2018. Examples listed here are for Western states, but expect to see similar deals in other parts of the country. No major changes are expected for Labor Day.

Lexus Incentives & Lease Deals This Month

Model Best Lease Deal Best Finance Offer Best Cashback Incentive
Lexus IS
Lease from $299/month Finance from 2.9%/60 months Up to $3,000 Customer Cash
Lexus ES
Lexus ES 350
Lease from $329/month Finance from 2.9%/60 months Up to $4,000 Customer Cash
Lexus NX
Lease from $329/month Finance from 2.9%/60 months Up to $2,500 Customer Cash
Lexus RX
Lease from $429/month Finance from 2.9%/60 months Up to $1,500 Customer Cash
Lexus GX
Lexus GX
Lease from $459/month Finance from 2.9%/60 months Up to $4,000 Customer Cash

See the full Lexus lineup »

Tips on Lexus Financing, Lease Specials and Rebate Offers

Lexus has traditionally avoided offering cashback incentives, imposing strict rules to its dealers not to advertise cutthroat pricing. However, this only began changing in August 2017 with a number of attractive public offers to attract shoppers.

Incentives from Lexus tend to change month-to-month by a much larger degree than automakers like Audi and Mercedes-Benz. As a result, shoppers may find that some months are excellent for leasing or financing— but rarely both.

Major promotions include the Golden Opportunity Sales Event in summer and December to Remember. These are some of the best times to buy or lease a Lexus.

Be prepared to find mostly 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.

Recent college grads should be aware that the Lexus College Graduate Program offers a $750 bonus that can be combined with certain other offers. The catch is that you'll have to finance through Lexus Financial.

, Senior Pricing Analyst

Alex Bernstein is the Senior Pricing Analyst for CarsDirect.com. Each month he studies immense volumes of pricing and incentives data in search of trends that are useful to car shoppers. In the process, he often breaks industry news stories -- his analyses and insights have been featured on websites such as Automotive News, The Detroit News, Autoblog, The Truth About Cars and The Car Connection.

Follow On: Google+ | Website