Lexus Incentives and Lease Deals for October 2023
Lexus does not currently offer any cash back rebates, but when it comes to leases, the 2023 Lexus IS and RX are likely to offer Good value. The worst lease deals will probably be on the 2024 Lexus ES Hybrid and 2024 UX Hybrid, you'll want to stay away from leasing these models.
Incentives can vary a lot by region. Always verify with your local dealers - I recommend using TrueCar to quickly get local pricing and incentives.
Best Lexus Deals
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 69 and 77, with an average of 73.
The current lease deals, with a B4B of 74, 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. Of note, there were a couple of months where Lexus was not offering any lease deals
Best Current Lexus Lease Deals October 2023
| Vehicle | Monthly Payment / $0 Down | ||||
|---|---|---|---|---|---|
| MSRP | Payment | Value | Best Region | Deals | |
| Lexus NX Plug-in Hybrid 2024 | $63,940 | $739 /mo | Good | Chicago | |
| Lexus RZ Electric 2023 | $62,175 | $749 /mo | Good | West Coast | |
| Lexus IS 2023 | $44,175 | $548 /mo | Good | Southeast | |
| Lexus RX 2023 | $51,285 | $652 /mo | OK | West Coast | |
| Lexus NX 2024 | $45,765 | $585 /mo | OK | Chicago | |
| Lexus NX Hybrid 2024 | $46,535 | $595 /mo | OK | Chicago | |
| Lexus GX 2023 | $63,945 | $817 /mo | OK | Chicago | |
| Lexus ES 2023 | $47,225 | $613 /mo | OK | West Coast | |
| Lexus ES 2024 | $46,965 | $631 /mo | OK | West Coast | |
| Lexus UX Hybrid 2023 | $43,890 | $596 /mo | OK | Northeast | |
| Lexus RX Hybrid 2023 | $55,760 | $768 /mo | OK | Chicago | |
| Lexus ES Hybrid 2023 | $50,445 | $703 /mo | OK | Northeast | |
| Lexus UX Hybrid 2024 | $42,975 | $624 /mo | Poor | Chicago | |
| Lexus ES Hybrid 2024 | $48,800 | $723 /mo | Poor | Northeast | |
Best Lexus Finance Deals
| Vehicle | 48 mo | 60 mo | 72 mo | Deals |
|---|---|---|---|---|
| 2023 Lexus RX Hybrid | - | - | 5.75% | |
| 2023 Lexus RX | 4.99% | 4.99% | 5.75% | |
| 2023 Lexus IS | 4.99% | 4.99% | 5.75% | |
| 2023 Lexus GX | 4.99% | 4.99% | 5.75% | |
| 2023 Lexus ES | 4.99% | 4.99% | 5.75% |
Best Lexus Deals
Incentives By Make
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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
