Is the Lexus ES lease a good deal?

Advertised at $579/mo, the Lexus ES truly costs about $660/mo once the $3,999 due at signing is spread across the 42-month term. We grade it A.

What is the real monthly cost of the Lexus ES lease?

About $660 per month, versus the $579 advertised payment.

Lexus ES Lease Deals: $579/mo, True Cost $660/mo (November 2026)

Name: Lexus ES lease
Brand: Lexus
Price: 579 USD
Availability: InStock

Updated November 2026 · Offer source

Advertised$579/mo

Due at signing$3,999

Term42 months

True cost$660/mo

GradeA

Offer endsNovember 30, 2026

vs rivals: Lexus ESe $631/mo · Mercedes-Benz C-Class Sedan $626/mo · Cadillac CT5 $812/mo

All 19 luxury cars with a lease, ranked →

Deal grade

Advertised

$579/mo

True cost

$660/mo

Graded on true cost as a percent of MSRP, against other luxury cars. This lease is 1.21%. How we grade

How $579 becomes $660

The ad says $579 a month, and it also asks for $3,999 at signing.
$579 of that is your first payment. The other $3,420 is extra money that you pay up front.
Spread across the 42 months of the lease, $3,420 is $81 a month.

$579advertised payment

$81up-front money, each month

$660true cost a month

$3,999

Due at signing

42 mo

Term

$27,738

Total cost

1.21%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 ES 350h PREMIUM ES 350h PREMIUM MSRP $54,692	$579	$3,999	42 mo	$660	A

The math for the 2026 ES 350h PREMIUM

Due at signing, with payment 1 in it: $3,999
41 more payments of $579: $23,739
Total for 42 months: $27,738
True cost each month: $660
Cost for each mile, with 35,000 miles allowed: $0.79
Interest rate inside the lease, from a money factor of 0.002: 4.80%
Price to buy the car when the lease ends: $32,268

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

B+

Deal grade

Advertised

$589/mo

True cost

$694/mo

Graded on true cost as a percent of MSRP, against other luxury cars. This lease is 1.30%. How we grade

How $589 becomes $694

The ad says $589 a month, and it also asks for $4,999 at signing.
$589 of that is your first payment. The other $4,410 is extra money that you pay up front.
Spread across the 42 months of the lease, $4,410 is $105 a month.

$589advertised payment

$105up-front money, each month

$694true cost a month

$4,999

Due at signing

42 mo

Term

$29,148

Total cost

1.30%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 ES 350h PREMIUM ES 350h PREMIUM MSRP $53,509	$589	$4,999	42 mo	$694	B+

The math for the 2026 ES 350h PREMIUM

Due at signing, with payment 1 in it: $4,999
41 more payments of $589: $24,149
Total for 42 months: $29,148
True cost each month: $694
Cost for each mile, with 35,000 miles allowed: $0.83
Interest rate inside the lease, from a money factor of 0.0025: 6.00%
Price to buy the car when the lease ends: $31,570

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

B+

Deal grade

Advertised

$639/mo

True cost

$719/mo

Graded on true cost as a percent of MSRP, against other luxury cars. This lease is 1.31%. How we grade

How $639 becomes $719

The ad says $639 a month, and it also asks for $3,999 at signing.
$639 of that is your first payment. The other $3,360 is extra money that you pay up front.
Spread across the 42 months of the lease, $3,360 is $80 a month.

$639advertised payment

$80up-front money, each month

$719true cost a month

$3,999

Due at signing

42 mo

Term

$30,198

Total cost

1.31%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 ES 350h PREMIUM AWD ES 350h PREMIUM AWD MSRP $54,989	$639	$3,999	42 mo	$719	B+

The math for the 2026 ES 350h PREMIUM AWD

Due at signing, with payment 1 in it: $3,999
41 more payments of $639: $26,199
Total for 42 months: $30,198
True cost each month: $719
Cost for each mile, with 35,000 miles allowed: $0.86
Interest rate inside the lease, from a money factor of 0.0025: 6.00%
Price to buy the car when the lease ends: $32,993

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

B+

Deal grade

Advertised

$589/mo

True cost

$694/mo

Graded on true cost as a percent of MSRP, against other luxury cars. This lease is 1.30%. How we grade

How $589 becomes $694

The ad says $589 a month, and it also asks for $4,999 at signing.
$589 of that is your first payment. The other $4,410 is extra money that you pay up front.
Spread across the 42 months of the lease, $4,410 is $105 a month.

$589advertised payment

$105up-front money, each month

$694true cost a month

$4,999

Due at signing

42 mo

Term

$29,148

Total cost

1.30%

Of MSRP each month

Every offer, ranked by true cost

Trim	Advertised	Due	Term	True cost	Grade
2026 ES 350h PREMIUM ES 350h PREMIUM MSRP $53,458	$589	$4,999	42 mo	$694	B+

The math for the 2026 ES 350h PREMIUM

Due at signing, with payment 1 in it: $4,999
41 more payments of $589: $24,149
Total for 42 months: $29,148
True cost each month: $694
Cost for each mile, with 35,000 miles allowed: $0.83
Interest rate inside the lease, from a money factor of 0.0025: 6.00%
Price to buy the car when the lease ends: $31,540

Tax, title, license, and dealer fees are extra. Try your own numbers

The offer ends November 30, 2026. See the offer page

How the Lexus ES lease changed

Since October 12, 2026, the true cost went down by $82 a month, from $742 to $660.

October 12, 2026: $649/mo, $3,999 due, 36 mo: $742
October 17, 2026: $649/mo, $3,999 due, 36 mo: $742
October 31, 2026: $649/mo, $3,999 due, 36 mo: $742
November 5, 2026: $579/mo, $3,999 due, 42 mo: $660
November 11, 2026: $579/mo, $3,999 due, 42 mo: $660

Each line is the best offer where most regions share it, on the day that we collected the offers.

How it ranks among luxury cars

The Lexus ES has the 8th lowest true cost of 19 luxury cars with an advertised lease this month. The lowest is the Genesis G70 at $514 a month.

The middle true cost in the class is $812 a month, and the Lexus ES costs $151 less. Each month it costs 1.21% of its MSRP, and the middle of the class is 1.34%.