LEASE YOUR LEXUS
Put Yourself in the Driver’s Seat
Lexus Financial Services makes it easy to apply for credit online from your home or office.
Leasing with Lexus Financial Services is an attractive alternative to purchasing a new Lexus. It enables you to secure the use of a Lexus vehicle for your preferred period of time (up to 5 years) and only pay for the value of vehicle used during that term. The Lexus Lease offers plenty of advantages.
The Fine Print
Lexus Financial Services offers Closed-end Leasing. When you lease a new Lexus, we estimate and guarantee the value of the vehicle at the end of your lease, based on our knowledge and experience and market conditions. You assume responsibility for maintaining the vehicle’s overall condition as detailed on the lease agreement (appearance, mechanical) and staying within the agreed kilometre allowance*. Your lease payments are calculated based on the difference between the purchase price and the lease-end value. Plus, when your term is complete, you can choose to return* your Lexus or purchase it.
The Lexus lease contains full disclosure and is written in plain language. All contract details and components for payment calculation are detailed up-front so you’ll understand what to expect from start to finish. Our exceptional Leasing Consultants at your Lexus Dealership can help clarify or respond to any questions or concerns.
*Excess kilometre charges apply if you exceed the agreed kilometre allowance.
Peace Of Mind Protection
Guaranteed Asset Protection (GAP)
Included in all Lexus Leases, GAP covers the difference between what you owe on the remainder of your lease and the amount of your insurance settlement if your vehicle is declared a total loss. When “the GAP” is covered, you are responsible only for excess kilometre charges and any pre-existing damage to the vehicle.
Wear Pass – Excess Wear and Tear Coverage
Normal wear and tear to a vehicle is to be expected. Occasionally, unexpected incidents can cause damage exceeding normal wear or use – damage that is chargeable to you at the end of your lease. That’s why Lexus offers supplemental Wear Pass, designed to eliminate those additional charges.
The option of a Pre-Paid lease allows you to pay the total lease obligation up-front and benefit from a reduction in finance charges and the convenience of no monthly payments. Compared to a cash purchase, the Pre-Paid lease enables you to pay for only the value of the vehicle that you use during your lease term, saving you cash for other purposes.
Customize your Lease
The Lexus Lease is your lease. You can adjust your lease options to meet your financial and driving requirements:
- Select a lower cost Low Kilometre lease if you drive fewer than 20,000 kilometres annually
- Purchase additional kilometres at reduced rates at the beginning of the lease
- Make a down payment to reduce your monthly lease payments
- Provide multiple security deposits to receive a reduction in the interest rate used to calculate your lease
Plus, when your Lexus vehicle is leased for a registered business, you may be able to receive a tax deduction for a part or all of your leasing cost. Speak to your tax professional for details.
The Lexus Encore program was created to reward previous customers of Lexus Financial Services. Lexus Guests may receive a reduction in the annual interest rate and full waiver of the security deposit. To qualify, the Guest must have financed or leased through Lexus Financial Services within the last 24 months with a minimum of 12 months activity. Payments must have been made in accordance with the terms of the agreement and the Guest will have to qualify for the lease of a new vehicle. May not be combined with other loyalty programs.