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How to finance a Lexus

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College grads, servicemembers and loyal customers may be able to score a special discount.

Lexus is an innovative and luxurious car brand with a wide range of vehicles to choose from, including coupes, sedans and SUVs. Though its sticker prices are on the higher end, you have a few financing options to consider. And you may even be able to score a discount through one of its special car-buyer programs.

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    How can I finance a Lexus?

    Lexus is a luxury brand — and the price of its cars confirms it. The most affordable way to finance one is likely through a secured car loan, which is backed by the car you’re purchasing. You can find secured car loans at banks, credit unions and online lenders. They usually come with lower rates, but your car can be repossessed if you don’t make your payments.

    Another option is taking out an unsecured personal loan. This is ideal if you don’t want to back your loan with your brand-new Lexus. However, you’ll likely find higher rates since there’s more risk to the lender.

    If speed and ease is your biggest priority, then you can also apply for financing directly through an authorized Lexus dealership. Here are your two options:

    • Financing through Lexus Financial Services. This is usually the fastest and easiest solution, but not the cheapest. Dealerships usually charge higher interest rates, plus most of them charge a documentation fee for filing the paperwork. While deals will vary depending on where you live, past offers include 0% financing for five years or $3,000 cash back on the 2018 GS.*
    • Leasing through Lexus Financial Services. If you’re someone who always wants to be driving the latest model, you might be better off with a lease. You’re technically renting the vehicle, not buying it, so you can switch to a newer model every few years. If you really like the car, you can buy it when your lease term is up. In the past, Lexus offered a three-year lease on the 2018 LC for just $1 a month and $5,999 due at signing.*

    Your local dealership might offer its own special promotions, including low-down-payment options or cashback deals. The rates and terms you qualify for will depend on your credit history and personal financial situation.

    *Rates as of December 6, 2018.

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    Rates last updated January 17th, 2019

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    Name Product Product Description Min. Credit Score Term of Loan Requirements
    car.Loan.com Car Loans
    Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
    300
    Varies by lender
    Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
    Auto Credit Express Car Loans
    Get connected with an auto lender near you, even if you have bad credit.
    300
    Typically 3 to 6 years
    Must be employed full-time or have guaranteed fixed income of at least $1,500/month and be a current resident of the US or Canada.
    LightStream Auto Loans
    Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
    Good to excellent credit
    Flexible terms
    Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
    LendingClub Auto Refinancing
    Lower your monthly car payments and save on interest through a fast and easy online application process.
    Fair or better credit
    Minimum of 2 years
    Car must be less than 10 years old with fewer than 120,000 miles. Current loan must have a balance between $5,000 and $55,000 and at least 24 months left in its term.
    RateGenius Auto Loan Refinance
    Connect with a network of over 150 lenders to refinance your car loan.
    510
    Varies
    Income of $2,000+/month, vehicle has less than 150,000 miles and is no older than 8 years, loan balance is between $10,000 and $100,000, debt-to-income ratio is less than 50%
    LendingTree Auto Loans
    Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.
    Good to excellent credit
    Typically 1 to 7 years
    Must be a US citizen and 18+ years old. Must have good to excellent credit.

    Compare up to 4 providers

    Does Lexus offer special discounts or programs?

    Yes, Lexus offers a few special car-buyer programs for college grads, servicemembers and repeat customers:

    • College graduate program. Did you graduate in the past two years? Have plans to get your degree in the next six months? You could qualify for a $750 discount on a new or used Lexus.
    • Military reward program. Active-duty servicemembers, reservists, recent retirees and their spouses could score a $750 discount on a new Lexus when financed or leased through Lexus Financial Services.
    • Loyalty program. If you previously financed or leased a car through Lexus Financial Services, you may be eligible for exclusive benefits and discounts. Reach out to your local Lexus dealership for more details.

    And after you buy your Lexus, the discounts don’t go away either. As a Lexus owner, you’ll also receive rewards and special invitations from partner companies. These may include complimentary VIP parking at concerts, priority reservations at restaurants and discounts at hotels and resorts.

    How much will a new Lexus cost me?

    The manufacturer suggested retail price (MSRP) of Lexus’s 2019 models range from $32,000 for a low-end SUV all the way up to $92,200 for a sporty coupe. However, your actual price will vary depending on where you live, features you add on, your negotiation skills and any discounts you qualify for.

    2019 Lexus modelStarting MSRPBuildCity/highway MPG
    UX$32,000SUV38/41
    NX$36,385SUV30/33
    IS$38,310Sedan21/30
    ES$39,600Sedan43/45
    RC$41,145Coupe21/30
    RX$43,570SUV28/31
    GS$46,610Sedan22/32
    GX$52,155SUV15/18
    LS$75,200Sedan25/33
    LX$85,830SUV13/18
    LC$92,200Coupe27/35

    Car insurance rates for driving a Lexus

    Does a new Lexus come with a warranty?

    Any non-hybrid new Lexus comes with a four-year, 50,000-mile warranty, which is extended to six years or 70,000 miles for powertrain parts. Hybrid models get a big step up with an eight-year, 100,000-mile warranty. Lexus also offers extended warranty plans that you can purchase for an additional fee.

    Bottom line

    If you’re looking to get behind the wheel of this luxury car as fast as possible, then financing through a Lexus dealership may be your best bet. Otherwise, you may be able to score a better rate by taking out a car loan from a bank or online lender.

    Research your options and compare lenders with our guide to car loans.

    Frequently asked questions about financing a Lexus

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    Kellye Guinan

    Kellye Guinan is a writer and editor with finder.com and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.

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