Now through the end of the year, Lexus is offering a loyalty discount to lessees who are currently in any LX or NX lease. It's good for money off your purchase or lease of any new Lexus model. In a time when discounts are down, this shows that loyalty matters to the likes of Lexus.
According to the latest dealer incentive bulletin, right now you can take advantage of a $1,000 Loyalty Incentive toward the lease or financing of any new 2021 or 2022 Lexus. This offer applies to all lessees who drive an eligible Lexus LX or NX family model whose lease is coming to an end.
This deal is one of the only ways to save on a new Lexus right now as incentives are down across the lineup. Special APR rates for car buyers are listed at 3.49% for 60 months across the board, and no bonus cash is currently offered.
The lack of discounts comes from tightening inventories due to issues related to chip shortages and supply chain disruptions. So, if you're looking to purchase a new Lexus, the $1,000 loyalty bonus from lease maturities is the only Lexus incentive being offered right now.
However, if you're looking to lease a Lexus vehicle there are a few offers you can take advantage of. The best incentive being offered right now is $1,500 in Lease Cash when you lease a 2022 Lexus RX. This offer is also stackable with the $1,000 Loyalty bonus, bringing your total savings to $2,500 when you transfer into a new RX lease from an existing LX or NX lease.
If you're not currently in a lease through Lexus, you can still take advantage of the lease cash offer on the RX. You can also take advantage of lease cash if you're looking into a 2022 Lexus IS or ES sedan. Most IS models are eligible for $500 in lease cash, while the ES can earn you $1,000.
Even though incentives are down, Lexus vehicles typically represent a decent value for vehicles of their segment. As we reported recently, Lexus is also offering as much as a $2,000 college grad discount as part of a pilot program in the Northeast that presents a rare opportunity to save.