Top Lexus Deals & Must-Know Advice In October

By

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 - October 6, 2020

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 can be combined with an additional $1,000 bonus. Opting for the 2021 lineup will bring rates up to 1.9%.

Those interested in leasing will also see strong offers on remaining 2020 models. The 2020 IS starts at $299/month and presents a great value relative to MSRP. Looking for more room but concerned about fuel efficiency? The 2020 NX 300h is another excellent value option at $379/month.

Offers end November 2, 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, Financing Incentives & Rebates

Model Best Lexus Lease Deal Best Lexus Financing Deal Best Lexus Rebate
Lexus UX
Lexus UX
Lease from $299/month (2020 UX) 0% APR for 60 months (2020 UX) Up to $2,500 (2020 UX)
Lexus IS
Lease from $299/month (2020 IS) 0% APR for 60 months + Up to $1,000 (2020 IS) Up to $4,000 (2020 IS)
Lexus NX
Lease from $339/month (2020 NX) 0% APR for 60 months (2020 NX) Up to $2,500 (2020 NX)
Lexus ES
Lexus ES 350
Lease from $359/month (2020 ES) 0% APR for 60 months + Up to $1,000 (2020 ES) Up to $4,500 (2020 ES)
Lexus RX
Lease from $409/month (2020 RX) 0% APR for 60 months (2020 RX) Up to $3,000 (2020 RX)

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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, 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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