Lexus Incentives and Lease Deals for May 2024
When it comes to leases, the 2024 Lexus IS and NX Hybrid will likely offer Excellent value. The worst lease deals are probably going to be on the 2024 Lexus UX Hybrid and 2024 ES Hybrid, you'll want to stay away from leasing these models.
Of note for May, Lexus is forecast to offer up to $10,000 in cash rebates on the 2023 Lexus RZ Electric and $7,500 on the 2024 RZ Electric. Overall, the average rebate across all Lexus models is currently $8,800.
As for low APR deals, Lexus will likely continue to offer 0% financing for 72 months on the 2023 Lexus RZ Electric.
Incentives can vary a lot by region. Always verify with your local dealers.
Ready to Negotiate the Best Lexus Deal?
The price/lease quote services I recommend are TrueCar and CarsDirect. They will get you best deal offers from local dealers, helping you gather bids easily (Use my car negotiation method to further reduce prices)
Lexus Lease Deals Summary
Looking at the data for Lexus lease deals over the past year, we can note that the "Bang for Buck" value, which indicates the value of the lease deal by dividing the MSRP by the Monthly Payment, has remained fairly consistent. The range for Lexus leases over the last 12 months is between 74 and 77, with an average of 75.
The current lease deals, with a B4B of 77, are slightly better than the past year's average, so now may be a decent time to look at leasing depending on model.
Note: fluctuations you see in the chart when it comes to monthly payments is a combination of Bang for Buck values and changes in trim levels and MSRPs promoted in advertised lease deals. There will not always be a perfect correlation between B4B and average monthly payments due to changes in MSRPs.
Best Current Lexus Lease Deals May 2024
| Vehicle | Monthly Payment / $0 Down | ||||
|---|---|---|---|---|---|
| MSRP | Payment | Value | Best Region | Deals | |
| Lexus IS 2024 350 F Sport Design | $46,405 | $499 /mo | Excellent | Southeast | |
| Lexus NX Hybrid 2024 450h+ | $64,410 | $750 /mo | Good | Chicago | |
| Lexus RX 2024 350 | $54,340 | $643 /mo | Good | Multiregion | |
| Lexus NX 2024 350 | $46,480 | $566 /mo | Good | Chicago | |
| Lexus TX 2024 350 | $57,680 | $731 /mo | OK | Northeast | |
| Lexus ES 2024 350 | $47,055 | $606 /mo | OK | Southeast | |
| Lexus RX Hybrid 2024 500h F Sport Performance | $69,325 | $896 /mo | OK | Northeast | |
| Lexus ES Hybrid 2024 300h | $48,540 | $634 /mo | OK | Multiregion | |
| Lexus UX Hybrid 2024 250h Premium | $42,470 | $566 /mo | OK | Chicago | |
Best Lexus Cash Rebates
| Vehicle | Best Region | Max Rebate | Deals |
|---|---|---|---|
| 2023 Lexus RZ Electric | Nationwide | $10,000 | |
| 2024 Lexus RZ Electric | Nationwide | $7,500 |
Best Lexus Finance Deals
| Vehicle | 48 mo | 60 mo | 72 mo | Deals |
|---|---|---|---|---|
| 2024 Lexus RZ Electric | - | 1.9% | - | |
| 2024 Lexus RX Hybrid | - | - | 6.99% | |
| 2024 Lexus RX | 4.99%
+$1,000 |
4.99% | - | |
| 2024 Lexus NX | 4.99% | 4.99% | - | |
| 2024 Lexus IS | 4.99%
+$500 |
4.99% | - | |
| 2024 Lexus ES | 4.99%
+$1,500 |
4.99% | - | |
| 2023 Lexus RZ Electric | - | - | 0% |
Ready to Negotiate the Best Lexus Deal?
The price/lease quote services I recommend are TrueCar and CarsDirect. They will get you best deal offers from local dealers, helping you gather bids easily (Use my car negotiation method to further reduce prices)
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Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
- Best Rebates, Incentives, and Lease Deals
- Latest Car Buying Scams and Tricks
- The Best & Worst Time to Buy a Car
- Which Cars You Should Avoid
