Best Lexus Deals & Lease Offers: October 2018

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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.

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, Senior Pricing Analyst - October 4, 2018

Lease prices from Lexus continue mostly unchanged in October. However, not all deals may make a ton of sense to shoppers. For example, the three-row RXL crossover is just $20/month more to lease than the two-row because of favorable incentives and despite a $4,300 difference in MSRP.

Expect to find cash incentives worth up to $4,000 on select models. The sporty IS features a $3,000 discount, one of the better deals we've seen to date. However, offers haven't ramped up yet on the 2019 NX crossover, so buyers may want to wait for next month's inevitable December to Remember sale.

Along with cheaper leases, year-end deals can sometimes include perks like complimentary payments. Stay tuned for updates on what we find next month.

Offers from Lexus vary by region and expire October 31, 2018. 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 IS
Lease from $299/month Finance from 2.9% for 60 months Up to $3,000
Lexus ES
Lexus ES 350
Lease from $399/month Finance from 2.9% for 60 months Up to $4,000
Lexus NX
Lease from $339/month Finance from 3.9% for 60 months Up to $500
Lexus RX
Lease from $429/month Finance from 2.9% for 60 months Up to $2,000
Lexus GX
Lexus GX
Lease from $459/month Finance from 2.9% for 60 months Up to $4,000

Explore the full Lexus lineup »

Insider Tips for Lexus Shoppers

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