2021 Lexus IS Prices and Deals

2021 Lexus IS available

An all-new Lexus IS has arrived for 2021. The powertrains carry forward. 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.

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 SEPTEMBER 30, 2021.

Lexus IS Lease Deals

Lease from $399/mo.

Lexus has a pair of lease offers in place. The first lease covers the 2021 IS 300 Base model. Here, you’ll pay $399 per month for 36 months with $3,999 down. Your effective monthly cost is $510 and that’s $40 more than what was offered in August. This is a poor deal.

Choose the IS 350 F Sport model and you’ll pay $469 per month for 36 months with $3,999 down. Your effective monthly cost is $580. The rate is up by $100 since May and that's a direction we do not like. This also is a poor deal.

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

Lexus IS Rebate Deals

Get up to $500 off

Lexus offers $500 in customer cash. This is a fair offer on a new model.

Lexus also 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 1.9% APR

You can finance your 2021 Lexus from 1.9-percent APR for up to 60 months. If you prefer a 72-month loan, the rate rises to 3.9-percent APR. This month, Lexus sweetens its financing offers with $1,500 in APR cash. You cannot, however, combine this offer with the rebate mentioned earlier.

These are competitive financing offers and are among the best you’ll find in the luxury sphere. Ask your dealer about applying the loyalty, college graduate, or military rebates, if eligible.