| Lexus
Benefits of Financing
You're free to do what you will with your Lexus. When you feel it's time
to get a new one, you are in control of your options: trade in, or sell
it on your own.
Traditional financing is a retail installment sales transaction where
you agree to pay the amount financed plus a finance charge over a specified
period of time. If you plan to drive a vehicle for more than a few years,
consistently drive more than 15,000 miles each year or prefer to own a
vehicle, consider LFS's Finance Plan.
Custom-Tailored Financing
A variety of finance terms can be tailored to your specific requirements.
Applying for financing can be handled quickly and conveniently at the
Lexus dealership where you purchase your vehicle. You may finance new
vehicles, demonstrators and previously owned automobiles.
Certified Pre-Owned
Lexus Financial Services offers new-car financing rates [1] and flexible
terms for the purchase of Certified Pre-Owned Lexus Vehicles. A vehicle
is "certified" once it passes all required inspections to ensure
that engine, transmission, suspension and electrical components perform
as originally designed. Our commitment to service continues with a comprehensive
limited warranty and Lexus 24-hour Roadside Assistance. See your Lexus
dealer for details.
Custom-Tailored Preferred Option
The Lexus Custom-Tailored Preferred Option Finance Plan is available only
in Texas, Oklahoma, Arkansas, Mississippi, Louisiana, Missouri, New Mexico
and Illinois.
Drive like you own it, pay like you lease it. The Lexus Custom-Tailored
Preferred Option Finance Plan, our newest financing alternative, offers
the benefits of lower monthly payments, the opportunity to drive more
vehicle for the money and the security of vehicle ownership.
With our preferred option financing, monthly payments are generally lower
than conventional financing because you pay only for a portion of the
vehicle's value during the initial contract term. There are a number of
financing terms from which to choose, ranging in monthly increments from
24 to 48 months. (See comparison chart for details about the Custom-Tailored
Preferred Option Finance Plan.)
| Lexus Custom-Tailored
Preferred Option Financing |
Traditional Retail
Financing |
| Lower regular monthly payment. |
Flexible contract terms up to 60 months.
|
| Pride of vehicle ownership. |
Pride of vehicle ownership. |
| The opportunity to drive a new car more
frequently. |
Pay for the entire vehicle during the
contract term. |
| Pay only for a portion of the cost of
the vehicle within the initial contract term rather than the entire
cost. |
-- |
| Opportunity to purchase a higher-priced
or better-equipped vehicle for the same monthly payment |
-- |
| The choice of contract options at the
end of the term, including easy vehicle disposition. |
-- |
The plan provides for an estimated final payment (balloon payment) that
covers the remaining expected value of the vehicle.
At the end of the initial term, the flexible nature of the Custom-Tailored
Preferred Option Finance Plan provides the following three options in
satisfying your final payment:
Make the final balloon payment according to the terms of your contract;
OR
Upon approval, refinance your final payment through Lexus Financial Services;
OR
Simply return the vehicle to your Lexus dealer, according to the terms
of your contract. This will satisfy your final payment obligation except
for a $275 disposition fee, plus any adjustments for excess mileage, excessive
wear and use, and any additional interest accrued as a result of the timing
of your payments made during the initial contract term.
Encore
Lexus Financial Services (LFS) offers special benefits to individuals
who have previously financed or leased a vehicle through LFS. If you are
a qualifying repeat LFS customer, you can enjoy lower monthly payments
when financing. All new Lexus vehicles and certain Certified Pre-Owned
Lexus Vehicles are eligible.
Financing features:
AutoCheque
The Lexus AutoCheque Program allows you to make your car payments through
the convenience of electronic debit. With this program, your vehicle payments
are automatically transferred to us each month from an account you designate,
saving you from the time and inconvenience of preparing and mailing a
check.
ePay
The Lexus ePay Program allows you to view, update, cancel or schedule
payments and check the status of your processed payments.
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