Best Lexus Deals & Lease Offers In July

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Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

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, Automotive Analyst - July 6, 2020

Lexus incentives see some all-around enhancements for July. Buyers can still take advantage of the 0% APR for 60 months, which is typically an offer not seen until the end of the year. In lieu of promotional financing, customer cash has been increased for most of the lineup and total savings can reach $8,000 on select models. 90-day deferrals are also still available.

Leases see a few changes but most of the lineup continues to offer great deals. The 2020 RX now starts at $419/month which is $30 less than what we saw last month. If you're looking for something more eco-friendly, the 2020 NX 300h presents an excellent value relative to MSRP with an effective monthly cost of $462.

Offers end August 3, 2020 and vary by region. Examples listed here are for western states but expect to see similar deals in other parts of the country.

Top Lexus Lease Deals & Incentives

Model Best Lease Deal Best Finance Offer Best Cashback Incentive
Lexus UX
Lexus UX
Lease from $309/month (2020 UX) 0% APR for 60 months + Up to $500 (2020 UX) Up to $2,500 (2020 UX)
Lexus IS
Lease from $309/month (2020 IS) 0% APR for 60 months (2020 IS) Up to $3,000 (2020 IS)
Lexus NX
Lease from $339/month (2020 NX) 0% APR for 60 months + Up to $2,500 (2020 NX) Up to $4,500 (2020 NX)
Lexus ES
Lexus ES 350
Lease from $359/month (2020 ES) 0% APR for 60 months + $500 APR Bonus (2020 ES) Up to $3,000 (2020 ES)
Lexus RX
Lease from $419/month (2020 RX) 0% APR for 60 months + $1,000 APR Bonus (2020 RX) Up to $3,000 (2020 RX)

Explore the full Lexus lineup »

Insider Tips for Lexus Shoppers

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 caution has apparently gone out the window with almost year-round incentives on most models.

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 GS. However, shoppers should also be aware that dealers tend to stock crossovers and sedan inventory can often be extremely difficult to find.

For hard-to-find vehicles, consider a factory order. With the help of your local dealer, you may be able to get the exact model built with the options you want. This can be a great way to buy speciality models like the LC coupe or LS sedan. The typical wait is around 2-3 months, but your results may vary.

Unlike companies like BMW or Mercedes-Benz, special offers from Lexus can vary considerably from month to month. The best sales are typically the Golden Opportunity sales event or December To Remember. In some cases, Lexus also gives dealers unadvertised dealer cash incentives to help lower prices.

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. As a result, the prices you see could be higher than what you expect.

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 analysis of CPO offers.

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, Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

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