Lexus IS Lease
The average cost of a Lexus IS lease ranges from $600 to $800 a month.
Written by John Pickhaver
Reviewed by Jessica Barrett
A Lexus IS lease costs between $600 and $800 a month, depending on trim level, negotiated price, down payment, and credit score.
The Lexus IS has everything you want in a world-class luxury car. It’s high-performing, super comfortable, and is equipped with some of today’s most advanced automotive technology. If you want the IS’s style and sophistication without the commitment of a car loan, leasing might be the way to go.
When you lease a vehicle, there are more restrictions and parameters than a traditional car loan. In return, however, you get to drive a car that is in its prime for a lower average monthly payment.
Want to know more about Lexus IS leases?
Jerry
has got you covered! Jerry is the #1-rated car insurance
app and the only super app for car owners. We’ll guide you through the lease process, how much you can expect to pay for an IS lease, and what to know when you arrive at the end of your lease term—plus, how to save on your Lexus IS insurance costs
!How to lease a Lexus IS
Before you can lease the nicest car on the block in the Lexus IS, you’ll need to take some initial steps. Refer to this checklist, and you’ll be on your way to the best lease deal you can get.
- Begin by checking your credit score. If it’s below 520, you probably won’t qualify for leasing, and anything under 630 is considered poor. But if your score is above 650, you’re set up for a good lease deal.
- Determine your leasing budget. Plan for a monthly payment that’s no more than 15% of your income (10% is even better). If you make $6,000 a month, you can afford a lease payment up to $850—but if you can get closer to $600, you’ll be in a good spot.
- Estimate how much you can pay upfront. Your down payment, also known as a capitalized cost reduction, can decrease your monthly costs. It may be worth taking a few months to save up more in order to score the best deal.
- Calculate your annual mileage. You can lease a Lexus IS with an annual mileage limit of 10,000, 12,000, 15,000, or 18,000 miles. If you have a long commute or like to road trip in style with your IS, then run the numbers to see if the mileage limits fit with your plans.
Once you’ve nailed down your finances, it’s time to go to your local Lexus dealership to compare lease offers. Landing on a budget before you go puts you in a stronger negotiating position to land the best deal when it’s time to sign.
MORE:
How to get a car loan
The final step: shop for insurance
Don’t forget, whether you own or lease, you must have car insurance for your new Lexus! That’s where
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How much does a Lexus IS lease cost?
The average cost to lease a Lexus IS ranges from about $600 to $800 a month.
Your exact cost, however, will depend on the trim level and options you choose at the dealership, your credit score, your lease term, and the money you put down out of pocket. You’ll also likely see variations based on your location and the time of year since leasing offers can change regularly.
Trim level is one of the leading factors that will determine how much you pay to lease a IS. If you’re just looking for luxury, you’ll save money by sticking to the base IS 300 trim. But if you want additional performance and more infotainment, opt for the IS 350 F Sport or the IS 500.
While your exact monthly payment and amount due at signing will need to be negotiated, looking at the MSRP of each 2022 Lexus IS model will help you estimate which option will work best for you.
Trim level | Starting MSRP |
|---|---|
IS 300 | $39,850 |
IS 350 F Sport | $44,275 |
IS 500 F Sport Performance | $57,575 |
IS 500 F Sport Performance Premium | $62,075 |
IS 500 F Sport Performance Launch Edition | $68,475 |
The other biggest factor in determining your payment for a 2022 IS lease is your credit score. Each dealership or lender will have its own credit requirements, but you generally will have a hard time qualifying for a lease with a credit score under 630. The better your score, the better your lease terms will be.
Services included in a Lexus IS lease
The Lexus Complete Lease is a competitive maintenance plan which includes:
- All scheduled maintenance (5k, 10k, plus 15k and 20k mile)
- Guaranteed Auto Protection (GAP) waiver
- Two years of connected vehicle services (including SiriusXM® satellite radio and Lexus Enform Remote Destination Assist on Navigation-equipped models)
- Tire and wheel protection
- $1,000 excess wear and use allowance
Additionally, Lexus offers
Protection Performance Plans
to help keep your new luxury vehicle covered down the road. Let Jerry find your price in only 45 seconds
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What to do when your Lexus IS lease is up
When you reach the end of your lease term, you’ll have three basic options. You can:
- Return the car and lease a new Lexus (either an IS or a different model)
- Request a payoff quote to buy the vehicle you’re currently driving
How to return a leased Lexus IS
If you’re ready to move on to a new Lexus—or if you don’t need a vehicle anymore—you can return the car and simply walk away.
Start by examining it for wear and tear. Lexus’s
Lease-End Guide
details the amount of wear and tear that’s acceptable when you return your car. In general, if there are any scratches, cracks, or dents bigger than a credit card, you’ll be subject to extra charges. If you purchased Excess Wear & Use Protection, you may be covered for some extra wear. Be sure to schedule your inspection about 15 to 60 days before your lease is up.
Once your car passes inspection, you can call your local dealer to arrange a return appointment.
How to purchase a leased Lexus IS
One advantage of buying out your Lexus IS lease is that the IS can maintain its value for a few more years before any significant depreciation.
But if you’re not ready to part ways with your IS after those 36 months, you can request a payoff quote through Lexus Financial Services, or call 1-800-874-7050.
How to find the best car insurance for a Lexus IS lease
To get the best
Lexus insurance
for your leased IS, simply download the Jerry
app, enter your info, and you’ll have personalized quotes from top insurance providers in just 45 seconds!Jerry’s all about transparency and customer-focused simplicity. We won’t sell your information, and we’ll never call you—unless you ask us to! And how do the numbers work out? Well, on average, Jerry users save $800 per year on their
car insurance
. “WOW.Jerryhas been so easy to use. I called a representative when I wanted some clarification, and they walked me through the entire process of finding a new rate for full coverage on my luxury vehicle.” —Beth G.
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