Lease A Lexus ES Hybrid for Less than the Toyota Equivalent: $376/Month with $2,000 Drive-Off (CA)
Editor’s Picks highlights the latest no-haggle deals on the Marketplace. All views are independent. Leasehackr does not receive any monetary compensation for this post or endorse any seller.
Valid through November 2, 2020.
Location: Northern California, Southern California
Vehicles Available: 20
Car broker @HonestyCar joined the Leasehackr forum a few months ago, back in August of this year. Judging by their latest posts on the Marketplace, it seems they’ve taken community feedback and improved their deals significantly — particularly on Lexus models.
They’re advertising a 2020 Lexus ES 300h (“h” for gas-sipping hybrid) sedan for $376/month plus tax, with $2,000 in drive-offs (includes first month’s payment and vehicle registration fees). This deal requires the $1,500 Lexus Loyalty incentive; those who do not currently own or lease a Lexus vehicle will pay $1,500 more (either upfront or rolled into the monthly payment).
This deal is for a 2020 ES 300h Premium with Navigation model with an MSRP of approximately $49,000. The base model (~$43,000 MSRP), which they leased for $299/month with Lexus Loyalty, has been sold out.
Additionally, note that Lexus offers a $1,000 College Grad bonus (graduated within the past two years or will graduate within the next six months) and a $500 Military bonus (Active Duty, Reservist/National Guard, Veteran, and Retired U.S. Military Personnel). Combined, these conditional incentives could save an additional $42 per month.
As a reminder that the manufacturer’s lease offer can often be beaten, @HonestyCar’s deal on this 2020 ES 300h Premium with Navigation (~$49,000 MSRP) is considerably lower than the base model example on the Lexus website (~$43,000 MSRP): $369 per month, plus tax, with $3,999 due at signing (excluding vehicle registration fees).
You’ll find this deal is better than what you can find on Toyota Avalon Hybrid — the mainstream cousin of Lexus ES 300h.
As of October 25, 2020, @HonestyCar has 20 vehicles available. Deals cannot be duplicated once vehicles are sold. Valid through November 2, 2020; manufacturer programs change every month.