2022 Lexus IS Prices and Deals

2022 Lexus IS Available, 2021s Sold Out

An all-new Lexus IS arrived for 2021. 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.

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 January 31, 2022.

Lexus IS Lease Deals

NO LEASE AVAILABLE

Lexus no longer offers a lease deal for the IS sedan. Last month, we saw a deal for the 2021 IS 300 model. The 2021 IS 300 Base model was available with a lease deal for $459 per month for 36 months with $3,999 down. The effective monthly cost was $570 and that’s $110 more than what was offered in August. This was a poor deal.

There was another deal for the IS 350 F Sport model that included $529 per month for 36 months with $3,999 down. The effective monthly cost was $640. The rate is up by $160 since May and that's a direction we do not like. This also was a poor deal.

Lexus’ lease deals include 10,000 miles per year of driving allowance. At lease end, you will pay a disposition fee.

With 2022 models now available, we expect Lexus to come out with a lease deal for the IS within the next few months.

Lexus IS Rebate Deals

No Standard Cash Offers

Lexus pulled its $500 cash offer in September, therefore there are no standard deals available.

On the other hand, Lexus offers a $1,000 College Graduate Program rebate and a Military Reward Program with its own $1,000 reward. Check with your Lexus dealer to determine eligibility for either program.

Lexus IS Financing Deals

RATES FROM 2.49% APR

Lexus has a few special financing rates for the 2022 IS sedan this month. The sedan is available with a 2.49% APR financing deal for 60 months. A 72-month financing deal is also available with an APR rate of 2.9%.

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