Features

Where does Lexus Financial Services do business?

Lexus Financial Services is based in Elmhurst, IL. It was founded in 1980 and offers auto loans in 49 states across the USA (and Washington, DC).

What APR does Lexus Financial Services offer on its auto loans?

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

What is the maximum loan term for a Lexus Financial Services auto loan?

Lexus Financial Services offers auto loans with terms of up to 72 months. Lenders that offer longer terms can offer larger loan amounts and lower monthly payments. However, remember that the longer the term of your loan, the more interest you will pay. 

Does Lexus Financial Services charge an origination fee?

Yes, Lexus Financial Services charges a loan origination fee .

Does Lexus Financial Services charge a late fee?

Yes, Lexus Financial Services charges borrowers with a late payment penatly fee.

Does Lexus Financial Services charge prepayment penalties?

No, Lexus Financial Services will not charge you a penalty fee for paying your loan early. Whenever possible choose lenders like Lexus Financial Services that don't charge a prepayment penalty fee. These fees can reduce or even cancel the interest savings of repaying a loan early.

What is Lexus Financial Services’s eligibility criteria?

Lexus Financial Services requires borrowers to have a credit score of at least 650 to apply.

To qualify, applicants must provide the following documentation:

  • Driver's license
  • Proof of citizenship or residence permit
  • Recent pay stubs

What is the estimated funding time for an auto loan via Lexus Financial Services?

Lexus Financial Services will typically approve (or deny) a loan application within 24 hours and fund auto loans within 1 and 7 days of approval

Does Lexus Financial Services report loan payments to credit bureaus?

Making regular payments to a lender that reports to one or more credit bureaus may help you improve your credit score. Lexus Financial Services reports credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

  • Loan Amount
    $10000 - $100000
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • APR
    0.9% - 24%
  • Max Loan Term (Months)
    72
  • Credit Score Range
    650 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • Maximum Vehicle Age
    4
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
    18
  • Supported Income Types
  • Verification Documents Required?
    • Recent pay stubs
    • Driver license (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Institution Type
    Other
  • Approval Speed (Hours)
    24
  • Deferred Payments
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    • Other
"Pricing and terms of any finance or lease transaction will be agreed upon by you and your dealer. Many variables, including current market conditions, your credit history, and down payment, will affect your terms including your monthly payment."
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