Buyers have until the end of the month to act.
The Lexus IS has been heavily updated for 2021 and it's more important than ever for the Japanese luxury brand. Aside from its LS 500 flagship, the IS is the only other sedan it sells. The Lexus GS, very sadly, has been discontinued. Whether the facelifted IS will attract GS owners or not remains unknown, but we doubt that many will want to upgrade to the larger and pricier LS. The IS, especially the new IS 350 F Sport, may just be their best alternative, especially since it starts at $42,900.
And now, Lexus has an incredible 2021 IS offer that's hard to pass up. For the rest of this month, you can finance a new IS with 0 percent interest for up to 60 months. No down payment is required.
Just last month, the IS had a 1.9 percent offer for the same time period. Like always, this is only for "well-qualified customers," meaning interested parties will have to go through the credit approval process. Now, here's why this is really an impressive deal: it applies to all trims. Everything from the IS 300 RWD to the fully-loaded IS 350 F Sport AWD is included. There is, however, one slight catch.
The deal only applies to a handful of states, specifically the Midwest region. Iowa, Illinois, Indiana, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio, and Wisconsin residents are in luck. Those who don't live in any of those states should check what other local and regional offers might be available.
It should be noted that the outgoing 2020 Lexus IS has exactly the same financing deal in place for all trims as well, though stock is probably limited by now. What's also interesting about this month's IS financing incentive is that it comes before the annual December To Remember Sales Event. It's entirely possible Lexus will keep the offer intact through the end of the year, but we won't know for certain until December 1.
Pricing for the 2021 Lexus IS 300 begins at $39,000 for the RWD variant while opting for AWD raises the amount by $2,000. The new IS 350 F-Sport begins at $42,900 and AWD ups the price to at least $44,900.