The Lexus GS 350 was discontinued in 2020, so it’s no longer available to lease, but that shouldn’t stop you from leasing another one of Lexus’s great offerings. Before you head to the dealer, it’s important to understand the unique conditions of a lease before you sign a contract.

Even though leases aren’t available on the GS 350, a lease on another Lexus—like the GS 350’s replacement, the ES 350—can still be a great option for those looking to get into a luxury car without the luxury price tag.

Just because leasing can be cheaper than financing, that doesn’t mean it’s right for everyone.

That’s why the

car insurance

comparison app

Jerry

has assembled everything you need to know about leasing a Lexus. Read on to learn about the leasing process, costs, and what to expect at the end of your lease—plus, how to save on your

Lexus GS 350 insurance costs

Find out if you can reduce your monthly car payments in minutes

* checking your rate won’t affect your credit score

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* checking your rate won’t affect your credit score

How to lease a Lexus GS 350

While it’s impossible to lease a Lexus GS 350, that’s not because the process is difficult. Leasing is pretty easy, but you need to know where you stand on a few things before you head to your local Lexus dealer. Start with these tips and tricks to get the best deal:

Check your credit score. Getting approved for a lease is often more difficult than getting approved for financing. The minimum credit score needed for leasing a vehicle is 700.

Calculate your budget. Lexuses can be expensive, so your car payment shouldn’t exceed 15% of your gross monthly income. That means if you make $5,000 per month, you need to keep your payment to $750 or less.

Calculate your down payment. It’s rare to encounter a lease that doesn’t require you to put down some cash at lease signing. Plan to put down at least a few thousand dollars.

Consider how much you drive. Most leases limit the number of miles you can drive in a year, so if you find yourself acting as a chauffeur on the regular, a lease may not be right for you.

Once you have your finances in order, you can begin

comparing lease offers

at your local Lexus dealership.

Be sure to keep your budget firmly in mind as you shop for your new Lexus. This will keep both you and your salesperson from getting distracted by expensive features and add ons.

MORE:

How to lease a car

The final step: shop for insurance

Your Lexus is a luxury car, and your lease will not include insurance. Plus, you’ll be expected to carry

full coverage insurance

for the duration of your lease, and that can get expensive. Don’t worry,

Jerry

can help you get full coverage for a low price within minutes!

Jerry is the easiest and most effective way to find a car insurance policy that is customized for you. After providing you with a comprehensive cross-analysis of the best policies across providers, Jerry will handle the phone calls, paperwork, and renewals for your top pick so that you don’t have to.

MORE:

How to calculate a car lease payment

How much does a Lexus GS 350 lease cost?

Leasing the ES 350 in the Lexus GS 350’s stead is cheaper than financing. Keep in mind, though, that the exact cost of your lease will depend on several factors, including:

The model you select

The selling price

Your lease term

Your interest rate

Add-ons you select

Your state’s sales tax rate

Dealers and manufacturers offer many lease options throughout a given year, but you can generally expect your monthly payment for a 36-month lease on a Lexus ES 350 to run from $677 for the base model to $877 for Ultra Luxury trim.

Remember that these are just estimates. Plus, you still haven’t factored in your down payment, acquisition fees, and other additional taxes and fees that will determine how much cash you’ll have due at signing.

To give you an idea of how much to budget for, let’s look at potential upfront costs associated with leasing a 2022 Lexus ES 350 Ultra Luxury. Your monthly payment will be about $877, but your upfront costs will include:

First month’s payment: $877

Down payment: $2,000

Security deposit: $0

Acquisition fee: $795

That means you’ll have $3,672 due at signing, and that’s without sales tax, add-on features, and other factors that could increase that amount and your monthly payment.

MORE:

Are Lexus expensive to maintain?

Services included in a Lexus GS 350 lease

Every Lexus still being manufactured comes with the first two scheduled maintenance services included, but after that, it’s up to you to cover everything from oil changes to tire rotations. Lexus offers a

prepaid maintenance plan

if you want to have more control over the expenses associated with maintenance.

Lexus Luxury Care covers not only routine services like oil and filter changes, multi-point inspections, and tire rotations but also milestone services at specific intervals throughout your lease.

For even more control, you can also add

Excess Wear and Use Protection

which covers up to a maximum of $7,500 worth of damage caused by a single event or for multiple purposes throughout your lease.

Key Takeaway Don’t forget to include routine maintenance costs when budgeting for your Lexus lease.

What to do when your Lexus GS 350 lease is up

Production on the GS 350 stopped recently in 2020, so there are likely still drivers out there enjoying their leased Lexuses. Don’t worry if your ride is discontinued—the process at lease-end is the same no matter what Lexus model you’re driving.

At the end of your lease, you’ll have the choice to either return your vehicle, purchase it, or lease or finance another new Lexus.

MORE:

Does Lexus have a self-driving car?

How to return a leased Lexus GS 350

Here is what’s involved in returning a lease Lexus:

Schedule your vehicle pre-inspection

approximately 90 days before your lease ends

Review your inspection results and make any necessary repairs

Schedule a return appointment at least 30 days in advance

Return your vehicle to your local dealer

Cancel any recurring payments you may have set up for your vehicle

Pay any remaining balances for excess wear or mileage overages

Even if your car is like-new when you return it, you will still have to pay a $350 disposition fee at the end of your lease. However, this fee could be waived if you purchase your leased vehicle, or decide to lease or buy a new Lexus.

How to purchase a leased Lexus GS 350

The Lexus GS 350 is a wonderful car, so we won’t blame you if you grow attached. If you decide you want to keep your car, you can buy it outright or negotiate financing with

Lexus Financial Services

, a bank, or a credit union.

MORE:

Is it better to lease or buy a car?

How to find affordable car insurance for a Lexus GS 350

Just because the Lexus GS 350 is out of production doesn’t mean it’s disappeared from the road. If you’re driving a GS 350, you need to be sure you’ve got it covered, and

Jerry

is here to help.

If you want to save money on

Lexus car insurance

, the Jerry app is a good place to start. A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies and buying

car insurance

. Jerry will even help you cancel your old policy.

To ensure you always have the lowest rate, Jerry will send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price. This level of service is why Jerry earned a 4.6/5 rating on the App Store and made it the top insurance app in the country.

“Because I have a luxury car, I was more interested in finding better coverage than the exact price.
Jerry
helped me upgrade my policy, and when my record is cleared next year, I will be using Jerry again to choose an even cheaper plan!” —Paige W.

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FAQs

Is Lexus GS 350 leasing worth it?

You can’t lease a Lexus GS 350 any longer. Whether leasing any vehicle is worth it or not depends on your finances and priorities. If you’re looking for long-term options, financing is probably better for you. If you’re more interested in ensuring you can afford the Lexus you want, leasing may be a great option for you.

What’s the cheapest Lexus GS 350 you can lease?

You can no longer lease a Lexus GS 350. If you choose to lease the ES 350 that replaced it, select the base model for the lowest-priced lease.

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