Lexus ES 350 Lease
A 36-month lease for a Lexus ES 350 costs $625 to $875 a month with a $1,000 down payment upon signing.
Written by Pat Roache
Reviewed by Jessica Barrett
Expect a monthly payment between $625 and $875 with a $1,000 down payment for a 36-month Lexus ES 350 lease. The exact price will take into account your credit score, trim preference, and the negotiated vehicle price.
The Lexus ES 350 stands alone in the luxury sedan segment, forgoing sportier features to focus solely on quiet, comfortable performance. Leasing the ES 350 is a great way to enjoy the smooth luxuriousness of a high-end vehicle without having to take out a car loan for a high-end price.
Leasing comes with unique restrictions and rules depending on the vehicle and manufacturer, but it may be worth it to enjoy the car in its prime while paying less in the long run.
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super app Jerry
is here to demystify the leasing process. Keep reading to learn all there is to know about how a Lexus ES 350 lease works, what your monthly payment might be and why, and what you can expect when your leasing term comes to an end.RECOMMENDED
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How to lease a Lexus ES 350
Leasing a Lexus ES 350 should be just as straightforward and smooth as the car itself—if you follow the right steps. Use this checklist to prepare for your lease and you should be able to secure the best deal that meets your needs.
- Check your credit score. A credit score above 650 is best to qualify for a good deal on your lease. Anything less than 630 is considered poor for leasing deals, and less than 520 will likely keep you from qualifying for a lease at all.
- Determine your monthly budget. Fifteen percent of your monthly income (or 10% for mega budgeters) is a good rule of thumb for determining the maximum you can afford for a monthly payment. If you earn $5,700 a month, you’d be able to afford an $850 monthly payment but you’d still be better off aiming for $625 to use less of your budget.
- Save for a down payment. By paying more up front on a down payment—or capitalized cost reduction—you’re able to reduce your monthly costs. Our monthly estimates are based on a $1,000 down payment, so if you can beat that, you’re already saving!
- Calculate your annual mileage. Lexus gives you the option for an annual mileage limit of 15,000 miles for a standard lease or 5,000 to 12,000 miles for a low-mileage lease. The fewer miles you need in a year, the more you’ll be able to save.
Now that you’ve got a handle on your financial capability, you can start comparing lease offers at your local Lexus dealership. By going into car shopping with a predetermined budget you’re in a much better position to make realistic decisions and negotiate the best deal.
MORE: How breaking a lease can affect your credit
The final step: shop for insurance
Even if you lease your ES 350, you’re still responsible for car insurance! Shop for your policy with the
Jerry
app to compare customized competitive quotes from 50+ top providers in less than a minute.How much does a Lexus ES 350 lease cost?
A 36-month lease on a Lexus ES 350 costs between $625 and $875 a month on average.
The exact cost of your lease may vary depending on the trim level and upgrades you choose from your dealer. The ES 350 comes with three additional
trim upgrade
packages, but you can expect the cheapest lease rates for the base trim. Adding the top-tier Ultra Luxury Package may be easier with a lease, but make sure it fits your budget. See the table below to get an idea of how your monthly payment and amount due at signing can change depending on your desired trim level for a Lexus ES 350. These numbers are estimations based on a good credit score (670-739) for a 36-month lease with 12,000 annual mileage and a $1,000 down payment.
Trim level | Monthly payment | Amount due at signing (after fees and tax) |
|---|---|---|
ES | $633 | $3,366 |
F Sport | $695 | $3,583 |
Luxury | $735 | $3,725 |
Ultra Luxury | $812 | $3,997 |
Unlike trim level, which affects the overall cost of your vehicle, the following factors can affect your monthly payment by changing the details of your lease:
- Credit score
- Lease term
- Down payment
- Annual mileage
- Location
- Time of year
Out of these factors, credit score can have the greatest effect on your monthly payment. Assuming the same 36-month lease with 12,000 annual mileage and a $1,000 down payment for the popular Lexus ES Ultra Luxury, here’s how credit score can affect your costs.
Credit score | Monthly payment | Amount due at signing |
|---|---|---|
520 to 579 | $969 | $4,548 |
580 to 669 | $859 | $4,161 |
670 to 739 | $843 | $4,106 |
740 and up | $812 | $3,997 |
If you’re a
recent college graduate
or a military member
, you may be able to take advantage of a rebate—up to $1,000 in 2022! Lexus also offers a 1 Pay Lease option, which allows lessees to pay the entire lease up front to reduce the total costs.Key Takeaway The final monthly costs for your Lexus ES 350 lease will depend on the trim level and upgrades you choose, your credit score upon signing, as well as several other factors.
Services included in a Lexus ES 350 lease
A Lexus ES 350 lease doesn’t include much in the way of additional care or maintenance perks. Since your lease is a new car, you’ll be able to take advantage of your car’s warranties for most (if not all) of your lease.
Lexus factory warranties include the following:
- Bumper-to-bumper warranty for 48 months or 50,000 miles
- Powertrain warranty for 72 months or 70,000 miles
- Wheel alignment and balancing for 12 months or 12,000 miles
- Corrosion perforation warranty for 72 months
You can always check with your dealer to see if there are any special offers specific to their location. Otherwise, you should plan on covering gas, insurance, and all standard recurring maintenance out of pocket.
What to do when your Lexus ES 350 lease is up
At the end of your Lexus lease term, you can choose from the three basic options:
- Turn in your Lexus and purchase or lease a new one
- Turn your Lexus in after completing a return checklist
- Get a payoff quote and purchase your current Lexus
How to return a leased Lexus ES 350
Whether you’re returning your leased ES 350 and walking away or upgrading to a new lease, you’ll need to follow the
Lexus return checklist
to make sure everything goes smoothly.First, check your Lexus for any notable wear and tear. But generally, if you have broken or chipped glass or any interior/exterior dents, scratches, tears, or cracks larger than a credit card, you’ll be subject to extra charges. You can reference Lexus’s
Lease-End Guide
for more specific guidelines. You get a complimentary vehicle inspection with your lease to verify it for return. Call AutoVin at (855) 40-MY-TFS 15 to 60 days before your lease ends to schedule your appointment. Make sure to have all sets of keys and included materials and equipment when inspecting and returning your ES 350.
After you pass the inspection, head to the original dealer to return your lease. Make sure you sign an odometer statement and keep a copy for your records. Upon completion of your return, Lexus Financial Services (LFS) will send you a final bill with any remaining balance, excessive wear and tear fees, and a disposition fee of up to $350 if you choose not to lease another vehicle.
How to purchase a leased Lexus ES 350
If letting go of your ES 350 is too hard to bear, you can make moves to purchase your vehicle by requesting a payoff quote. Check your quote through your online account or call LFS at 1-800-286-0653.
How to find the best car insurance for a Lexus ES 350 lease
To find the best
Lexus car insurance
for your leased ES 350, start by downloading the best car insurance
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