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).
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 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.
Yes, Lexus Financial Services charges 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 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.
Lexus Financial Services requires borrowers to have a credit score of at least 650 to apply.
To qualify, applicants must provide the following documentation:
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
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: