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 (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 you can get with Lexus Financial Services?

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.

Does Lexus Financial Services charge an origination fee?

Yes, Lexus Financial Services may charge 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 fees?

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.

What do you need to qualify for a loan with Lexus Financial Services?

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:

  • 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) an auto loan application within 24 hours and fund the loan within 7 business days of approval.

Does Lexus Financial Services report loan payments to credit bureaus?

Lexus Financial Services reports credit data to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

  • Institution Type
    Other Institution
  • Credit Score Range
    650 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • Self-Employed
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
  • Maximum Vehicle Age
  • Military Status
    • Active Duty Military
    • Non-Military
  • Minimum Age
  • Verification Documents Required?
    • Recent Pay Stubs
    • Driver License (or other photo ID)
    • Proof of citizenship/residence
  • No Prepayment Fee
  • Approval Speed (Hours)
  • Credit Bureau Reporting
    • Equifax
    • Experian
    • TransUnion
    • Other
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • Payment Options
    • Automatic Payments
    • Check by mail
    • Credit/Debit Card
  • Loan Amount
    $10000 - $100000
  • Loan Term (Months)
    Up to 72
  • APR
    0.9% - 24%
"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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