Lexus Financial Services is based in Elmhurst, IL. It was founded in 1980 and offers auto loans in 49 states (and Washington, DC).
Lexus Financial Services offers auto loans with APRs starting at 0.9% and up to 24%. Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccuate information in your credit history with these credit monitoring tools.
Lexus Financial Services has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.
Yes, Lexus Financial Services may charge a loan origination fee.
Yes, Lexus Financial Services charges borrowers with a late payment penatly fee
No, Lexus Financial Services will not charge you a fee for paying your loan early. Whenever possible choose lenders like Lexus Financial Services that don't charge a prepayment fee. These fees can reduce or even cancel the interest savings of repaying a loan early.
Applicants with a credit score of at least 650 can apply for a loan via Lexus Financial Services. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
To qualify, applicants may need to provide the following documentation:
Lexus Financial Services will typically approve (or deny) an auto loan application within 24 hours and fund the loan within 7 business days of approval.
Lexus Financial Services reports credit data to the following credit reporting agencies: