Lexus Financing: What To Know in 2026
You might be drawn to a Lexus because of its luxury and style, but there’s a barrier to cross — a steep price tag.
Before sliding behind the wheel, take some time to review your Lexus finance options. You can also compare your quoted Lexus payment to the average to see if your offer is competitive. It’s less fun than comparing trim levels, but shopping around could help you save thousands of dollars over the course of your loan.
How do your Lexus payments compare to the average?
Use LendingTree’s auto loan calculator to determine how much car you can afford.
We analyzed data from trusted sources like KBB, Edmunds and Experian to estimate average Lexus monthly payments based on credit score.
Here’s how to use LendingTree’s study to help you shop for a good deal on a Lexus loan.
- Check your credit. You’ll need to know your credit score to use our study. Don’t know your score? Check your credit for free with LendingTree Spring.
- Compare monthly payments. Find your credit score and Lexus model in the tables below and compare your quotes with our estimates. If you don’t see your preferred model, choose the one with the closest manufacturer’s suggested retail price (MSRP).
Car buyers with better credit tend to choose shorter terms. They’ll have higher monthly payments but pay less interest over time.
Learn more about how we calculated average monthly Lexus payments.
Estimated average monthly payments for new Lexuses
| Model | Starting MSRP | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
|---|---|---|---|---|---|
| 2026 Lexus ES | $47,000 | $815.35 | $732.25 | $689.07 | $718.73 |
| 2026 Lexus LS | $99,280 | $1,855.54 | $1,666.41 | $1,568.14 | $1,635.64 |
| 2026 Lexus UX Hybrid | $38,250 | $641.26 | $575.90 | $541.94 | $565.27 |
| 2026 Lexus GX | $66,935 | $1,211.99 | $1,088.46 | $1,024.27 | $1,068.36 |
| 2026 Lexus IS | $46,000 | $795.46 | $714.38 | $672.25 | $701.19 |
Estimated average monthly payments for used Lexuses
| Model | Fair purchase price | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
|---|---|---|---|---|---|
| 2020 Lexus ES | $26,923 | $558.15 | $492.03 | $434.62 | $424.61 |
| 2020 Lexus LS | $38,967 | $851.11 | $750.28 | $662.74 | $647.47 |
| 2020 Lexus UX Hybrid | $20,847 | $410.36 | $361.75 | $319.54 | $312.18 |
| 2020 Lexus GX | $36,488 | $790.81 | $697.13 | $615.79 | $601.60 |
| 2020 Lexus IS | $23,684 | $479.37 | $422.58 | $373.27 | $364.67 |
Lexus finance options
When it comes to Lexus financing, there are a few paths you could take. Ultimately, the best auto loan for you might not be the one with the lowest monthly payment. Keep your other preferences in mind, including convenience, warranties and other benefits.
Lexus Financial Services
You’re buying during a promotional sales event.
Buying your car with a loan from Lexus Financial Services means you’re financing a car directly from Lexus — this is called manufacturer financing, or captive financing. In general, manufacturer financing comes with some of the most competitive annual percentage rates (APRs).
Whether you’re buying a new or used car, Lexus Financial Services can help. And if you’d rather lease, Lexus Financial Services can provide that, too.
Lexus doesn’t publish what credit score you need to buy a car, but you can check your rates by prequalifying on its website. However, you’ll need to finalize the loan and buy your car at a certified Lexus dealer.
Your Lexus financing rate will depend on several factors, some within your control and some outside of it. For instance, your credit score will have a big hand in your APR, though Lexus APRs will also vary by ZIP code. You may want to speak with a local Lexus dealer for information specific to your area.
Financing programs and incentives
Financing through Lexus comes with certain advantages, including special sale rates, rebates and certified pre-owned cars.
You might find marked-down APRs on certain Lexus models during sales events. Lexus finance deals vary by ZIP code and deals change periodically throughout the year. To see what’s available to you, you’ll need to check Lexus’ website or talk with a local Lexus dealer.
During promotional sales events, Lexus sometimes offers finance cash you can apply to your down payment (note that finance cash isn’t available in all states).
Current Lexus lessees who trade in their old models for new ones within or after 30 days of the end of their lease might qualify for a lease loyalty reward, which waives the disposition fee for their current lease.
Recent or soon-to-be college grads could qualify for a cash rebate from Lexus; the same goes for military personnel and their eligible family members.
Bank and credit union auto loans
You don’t qualify for manufacturer financing, or you’re buying from a non-Lexus dealership.
If you don’t qualify for manufacturer financing (or you’re purchasing your Lexus at a third-party dealership), your next best bet may be your bank. Since you already have an established relationship, it may be willing to give you a competitive APR.
Although some banks allow you to apply online (Bank of America, for example), not all do. And if you do have to apply in person (or would simply prefer to), you’ll get hands-on guidance from a loan officer or bank representative.
Credit union auto loans also tend to come with benefits you might not find with other lenders. For example, PenFed Credit Union offers vehicle discounts and access to its lowest APRs if you use its car-buying service.
Online auto loans
You’re comparison shopping, or if you’re a borrower with fair credit.
Sticking to online auto lenders can be a quick way to compare preapproved car loans. Getting preapproved by several lenders at once is a solid way to find the offer that’s most competitive for you. Just be sure to get your rate shopping done within 14 to 45 days (depending on the scoring method) — that way, only one hard credit pull will count against you.
Importantly, online auto loans are also usually easier to get than manufacturer or bank loans. However, they may also come with higher APRs and more fees.
In-house financing
You have bad credit, or if you value convenience over savings.
Also called “buy here, pay here,” some dealerships offer in-house financing. With this, you’ll get your car loan from your dealer rather than a financial institution. Still, note that dealers that offer in-house financing typically specialize in used vehicles, and at times these used vehicles are several years older than what you’ll find at a traditional lot.
Getting a loan from your dealer can be convenient, but it also means you can’t compare offers. And while you might still be approved for in-house financing if you have bad credit, be prepared to pay sky-high rates.
How we calculated average monthly Lexus payments
To calculate average monthly Lexus payments, we found estimated starting MSRPs and the fair purchase price for some of Lexus’s most popular models.
Then, we subtracted an average down payment from each. According to Edmunds, the average down payment on a new vehicle was $6,020 in Q3 2025. For used vehicles, it was $3,976. The resulting figure represents the total amount our hypothetical borrowers financed.
From there, we used LendingTree’s auto loan calculator to figure out average monthly Lexus payments, using average APRs and loan terms as reported by Experian’s State of the Automotive Finance Market Q3 2025. You’ll find this data in the tables below. Please note that loan terms were rounded to the nearest whole number during our calculations.
Keep in mind that your specific car payment will depend on personal factors like your credit score, zip code and the type of car loan you’re getting. We don’t include dealer fees, which can add up to 10% of the car’s price if you buy at a dealership.
| Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
|---|---|---|---|---|
| Average APR | 13.34% | 9.77% | 6.51% | 4.88% |
| Average loan term | 74.30 months | 75.03 months | 72.01 months | 64.80 months |
| Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
|---|---|---|---|---|
| Average APR | 19.00% | 14.11% | 9.65% | 7.43% |
| Average loan term | 66.58 months | 68.30 months | 68.54 months | 65.86 months |
Frequently asked questions
They aren’t exactly the same, but Toyota does own Lexus. Lexus Financial Services is a brand name under the Toyota Motor Credit Corporation (TMCC) umbrella.
Lexus Financial Services doesn’t disclose its minimum credit score requirements, though you can get preapproved for an auto loan on its website. You could also consider adding a creditworthy co-borrower to your application to help boost your approval odds.
Lexus’s finance rates vary based on your credit score, the specific Lexus you’re buying and where you live. In addition, Lexus financing deals, which change over time, will also depend on your location and vehicle.
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