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Lexus Incentives and Lease Deals for February 2024

Last Updated: Feb 24, 2024
Lexus Incentives February 2024

When it comes to leases, the 2024 Lexus NX Hybrid and IS offer Good value. The worst lease deals are on the 2024 Lexus UX Hybrid and 2024 RX Hybrid, you'll want to stay away from leasing these models.

Of note for February, Lexus is offering up to $7,500 in cash rebates on the 2023 Lexus RZ Electric and $5,000 on the 2024 RZ Electric. Overall, the average rebate across all Lexus models is currently $3,800.

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 72 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.

Lexus Lease Deals 1 Year Chart

Best Current Lexus Lease Deals February 2024

Lease Deals based on $0 Down Payment. 36 month, 10,000 miles/year. Expires Mar 04, 2024
Vehicle Monthly Payment / $0 Down
MSRP Payment Value Best Region Deals
Lexus RZ Electric 2023 450E Premium $61,650 $643 /mo Excellent Northeast
Lexus NX Hybrid 2024 450h+ $64,695 $760 /mo Good Chicago
Lexus RZ Electric 2024 450E Premium $64,020 $799 /mo Good Chicago
Lexus IS 2024 300 $48,420 $606 /mo Good Northeast
Lexus RX 2024 350 $54,340 $697 /mo OK West Coast
Lexus NX 2024 350 $46,480 $595 /mo OK Chicago
Lexus GX 2023 460 $62,260 $798 /mo OK Northeast
Lexus ES Hybrid 2024 300h $48,540 $663 /mo OK West Coast
Lexus TX 2024 350 $57,565 $799 /mo OK Chicago
Lexus ES 2024 250 $46,640 $662 /mo OK West Coast
Lexus RX Hybrid 2024 350h Premium+ $61,640 $896 /mo Poor Chicago
Lexus UX Hybrid 2024 250h $39,580 $595 /mo Poor West Coast

Best Lexus Cash Rebates

Vehicle Best Region Max Rebate Deals
2023 Lexus RZ Electric Nationwide $7,500
2024 Lexus RZ Electric Nationwide $5,000
2024 Lexus ES West Coast $1,250
2024 Lexus ES Hybrid West Coast $1,250

Best Lexus Finance Deals

Vehicle 48 mo 60 mo Deals
2024 Lexus RZ Electric - 1.9%
2024 Lexus RX - 5.99%
+$750
2024 Lexus NX - 5.99%
2024 Lexus IS - 5.99%
+$500
2024 Lexus ES - 5.99%
+$750
2023 Lexus RZ Electric 0.9% 0.9%
2023 Lexus GX 2.49% -

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)

Incentives By Make

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