Offers are subject to change or cancellation without notice. See your Lexus Dealer for complete details.*
Paying a security deposit of less than the advertised amount will result in a higher lease APR. Payments will be adjusted accordingly.**
* The Lexus 5 Day Event offers are available to retail customers on select models at participating Lexus Dealers from April 16-20, 2024 (“Offer Period”), on approved credit. Lexus Dealers are free to set their own prices. To qualify for lease and finance rate reductions of up to 2% (“Offer”), retail customers must enter into a new lease or finance agreement for a new, unregistered 2023/2024 Lexus vehicle through Lexus Financial Services at a participating Lexus Dealer during the Offer Period. 2% rate reduction is available on new unregistered 2024 Lexus RX / RXh models, and 1% rate reduction is available on all new unregistered 2023 model year vehicles and new 2024 IS / RC / ES / ESh / UXh / RZ / NX / TX models. Offer not valid with any existing loyalty offers, with certain other offers or on previously delivered vehicles. As applicable, the customer’s annual lease or finance rate will be reduced by up to 2.0% (to a minimum of 0%) throughout the term of their lease or finance agreement. Offer not available to TCI/TMMC/TCCI employees/contractors or immediate family members, TMMC Vehicle Purchase Plan participants and fleet customers. Dealer order/trade may be required. Offers are subject to change or cancellation without notice. Some conditions apply. See your Lexus Dealer for complete details.
1 Limited time lease offer available through Lexus Financial Services, on approved credit. Representative lease offer based on a new and previously unregistered 2024 Lexus IS 300 AWD FSPORT Design (sfx ‘D’) / 2024 Lexus NX 350 AWD FSPORT Series 1 (sfx ‘F’) / 2024 Lexus RX 350 AWD FSPORT Series 1 (sfx ‘K’) with a selling price of $52,032 / $61,432 / $67,782; 2.9% / 1.9% / 0.9% (which includes up to 2% rate reduction) lease APR for 24 months; and monthly payment is $528 / $708 / $698. License; insurance; registration; specific duty on new tires and applicable sales taxes are extra. $6,615 / $7,828 / $8,762 down payment, lien registration fee (up to $40), lien registering agent fee (up to $4), $0 security deposit and first monthly payment due at lease inception. Total of 24 monthly lease payments required during the lease term. Total lease obligation is $19,287 / $24,820 / $25,514. 32,000 kilometre allowance; charge of $0.20/km for excess kilometres.
2 Limited time finance offer available through Lexus Financial Services, on approved credit. Representative finance example is based on a 2024 Lexus IS 300 AWD FSPORT Design (sfx ‘D’) / 2024 Lexus NX 350 AWD FSPORT Series 1 (sfx ‘F’) / 2024 Lexus RX 350 AWD FSPORT Series 1 (sfx ‘K’) on a 72 month term at an annual rate of 6.2% / 5.7% / 4.7% (which includes up to 2% rate reduction) and selling price of $52,032 / $61,432 / $67,782; monthly payment is $867 / $1,009 / $1,082; Cost of borrowing is $10,409 / $11,247 / $10,138 for a total obligation of $62,441 / $72,679 / $77,920. License; insurance; registration; specific duty on new tires and applicable sales taxes are extra. Total of 72 monthly finance payments required during the finance term.
Selling price includes $2,205 freight and PDI; $100 A/C charge; up to $36.08 in regulatory fees; up to $947 dealer administration fee; as well as all other applicable fees, levies and duties (all of which may vary by region and dealer). Lexus Dealers are free to set their own prices. Limited time offers only apply to retail customers at participating Lexus Dealers. Dealer order/trade may be required (but may not be available in certain circumstances). Conditions apply. Offers are subject to change or cancellation without notice. See your participating Lexus Dealer for details.
ΩWhat is a Security Deposit?
Security Deposits are funds (of a pre-determined, required amount set by Lexus Financial Services) paid at the lease inception that reduce the lease rate used to calculate the lease payments. At the end of your lease, the total Security Deposit amount will be fully refunded to you (less any amounts due or owing).
You may provide multiple security deposits (of the pre-determined amount), up to a maximum of 10. Each security deposit (of a pre-determined amount) will help to reduce your lease rate by 0.15%, for a maximum rate reduction of 1.5%.
The example below shows how using multiple security deposits will help to reduce your lease rate. The security deposit amounts in this example are based on the 2023 Lexus RX series, which has a required amount of $1,000 per security deposit. The required amount per security deposit varies by model.
Please contact your local Lexus dealer for more information on security deposits or visit the Build & Price tool on Lexus.ca.
How does a Security Deposit differ from a Down Payment?
Unlike security deposits that are refunded at the end of the lease, a down payment is a non-refundable cash amount of money which is paid at the time of delivery of the vehicle to reduce the monthly payment for a vehicle that is financed or leased. The down payment lowers capitalized cost which results in a lower monthly, bi-weekly, or weekly payment amount, however, does not lower the lease rate.
There are no restrictions on the minimum or maximum amount of a down payment.
Can I combine a Security Deposit with a Down Payment?
Yes, you can pay multiple security deposits as well as a down payment at the start of your lease to lower your lease rate while also lowering your lease payments.
