2023 Lexus IS Prices and Deals

2023 Lexus IS Available With Limited Availability; 2022s Sold Out

An all-new Lexus IS has arrived for 2022. The powertrains carry forward without any changes. The most significant changes include the exterior lighting elements, interior design, and the infotainment system. An IS 500 F Sport model with a V8 engine follows later this year for the 2022 model year. The 2023 Lexus IS is available at dealerships, while the 2022 model is sold out.

Dealer inventories are thin due to the global semiconductor chip shortage. You may need to work with your dealer to find one. Further, the offers were downgraded considerably this month.

This page is updated monthly with the most recent incentives, so be sure to check back for the latest information. The current incentives expire on February 28, 2023. The examples listed here are based on the East Coast.

Lexus IS Lease Deals

Lease From $529/Mo.

Lexus is offering the 2023 IS with one lease deal this month. The deal is for the IS 300 and requires $529 per month for 39 months with $3,999 due at signing. The effective monthly cost is $632, making this a competitive deal. This lease deal includes $10,000 miles a year.

At lease end, you will pay a disposition fee.

Lexus IS Rebate Deals

Up to $1,500 lease cash

Lexus is offering the 2023 IS 300 with up to $1,500 in lease cash. Lexus is also offering a payment waiver for six months for the 2023 IS. It's available for current Lexus lessees and is good for purchases or leases.

Lexus also offers a $1,000 College Graduate Program rebate and a Military Reward Program with its own $1,000 reward. The luxury automaker is also running a pilot program on the East Coast for a $2,000 College Grad Discount. Check with your Lexus dealer to determine eligibility for either program.

Lexus IS Financing Deals

Rates From 3.49% APR

Lexus has two special financing rates for the 2023 IS sedan this month. The sedan is available with a 3.49% APR financing deal for 48 months and a 72-month term with an APR of 4.49%.

These rates are not as attractive as the ones other luxury automakers are offering or the ones Lexus had last year. Check with your dealer about available standard financing deals.