How to finance a Lexus

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

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

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.

Our top pick: car.Loan.com Car Loans

  • Min. Credit Score Required: 300
  • APR: Varies by network lender
  • Requirements: Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
  • Easy online application
  • Fast response time
  • Bad credit, no credit OK

Our top pick: 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.

  • Min. Credit Score Required: 300
  • Requirements: Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Promoted

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.

Read our review of Lexus Financial Services

Compare car loans to finance a Lexus

Updated December 7th, 2019
Name Product Filter Values Minimum credit score Loan term Requirements
300
Varies by lender
Must be a US citizen with a current US address and employed full-time or have guaranteed fixed income.
Apply with a simple online application to get paired with a local auto lender. No credit and bad credit accepted.
600
Varies by lender
Fair to excellent credit, an income source, US citizen or permanent resident, 18+ years old
Find an offer and get rates from competing lenders without affecting your credit score.
300
Varies by lender
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.
Get connected with an auto lender near you, even if you have bad credit.
500
3 months to 12 years
Credit score of 500+, legal US resident and ages 18+.
Quickly compare multiple online lenders with competitive rates depending on your credit.
Good to excellent credit
2 to 7 years
Good or excellent credit, enough income or assets to afford a new loan, US citizen or permanent resident, 18+ years old
Quick car loans from $5,000 to $100,000 with competitive rates for borrowers with strong credit.
Good to excellent credit
Varies by lender
18+ years old, good to excellent credit, US citizen
Compare multiple financing options for auto refinance, new car purchase, used car purchase and lease buy out.

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.

Choose a type

Sedans

IS

  • Starting MSRP: $38,560
  • Build: Sedan
  • City/highway MPG: 21/30

ES

  • Starting MSRP: $39,750
  • Build: Sedan
  • City/highway MPG: 43/45

GS

  • Starting MSRP: $46,860
  • Build: Sports Coupe
  • City/highway MPG: 22/32

LS

  • Starting MSRP: $75,450
  • Build: Sedan
  • City/highway MPG: 25/33

SUVs

UX

  • Starting MSRP: $32,150
  • Build: SUV
  • City/highway MPG: 38/41

NX

  • Starting MSRP: $36,720
  • Build: SUV
  • City/highway MPG: 30/33

RX

  • Starting MSRP: $43,820
  • Build: SUV
  • City/highway MPG: 28/31

GX

  • Starting MSRP: $52,505
  • Build: SUV
  • City/highway MPG: 15/18

LX

  • Starting MSRP: $86,230
  • Build: SUV
  • City/highway MPG: 13/18

Coupes

RC

  • Starting MSRP: $41,145
  • Build: Coupe
  • City/highway MPG: 21/30

LC

  • Starting MSRP: $92,950
  • Build: Supercar
  • City/highway MPG: 27/35

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

Image source: shutterstock

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site