Is Lexus Financial Services Auto Loan the right fit for you?
Auto Loans
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Last Updated: 04/18/2025
Lexus Financial Services Auto Loan
Unaffiliated
Last Updated: 04/18/2025
SuperMoney User Recommendation Score -86
Strongly not recommended21 total votes
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Highlights
Community Rating
Strongly not recommended
Amount Range
$10,000 - $100,000
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APR (Fixed APR)
0.9% - 24%(Verified 06/21/2024)
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Credit Score Range
650 - 850
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Loan Term (Months)
Up to 72
Number of Reviews
Lexus Financial Services Auto Loan Review
Lexus Financial Services Auto Loan is offered by Lexus Financial Services, a financial services company founded in 1980 and based in Elmhurst, IL. Lexus Financial services are available in 49 states and Washington, DC.
Lexus Financial services FAQ
How much can you borrow via Lexus Financial services?
Lexus Financial services loan amounts start at $10,000 and go up to $100,000.
What APR does Lexus Financial services offer on its car loans?
Lexus Financial services offers a fixed apr car loan product that ranges from 0.9% APR up to 24% APR.
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 inaccurate information in your credit history with these credit monitoring tools.
What is the maximum auto loan term you can get with Lexus Financial services?
Lexus Financial services has car loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger auto loan amounts while keeping monthly payments more affordable. However, the longer the term of your car 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 penalty 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.
Can I pay off early my Lexus Financial services loan?
Yes, you can. Lexus Financial services does not charge a prepayment fee, so you can save money by paying your car loan early.
What do you need to qualify for Lexus Financial Services Auto Loan?
Applicants with a credit score of at least 650 and up to 850 may be eligible for Lexus Financial Services Auto Loan. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Lexus Financial Services Auto Loan does not have or does not disclose a minimum annual income eligibility requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.
To qualify, applicants may need to provide the following documentation:
- Recent pay stubs
- Driver's license or other government photo ID
- Proof of citizenship or residence permit
What is the estimated funding time for a car loan via Lexus Financial services?
Lexus Financial services will typically fund the car loan within 7 business days of booking.Does Lexus Financial Services Auto Loan report your account activity to credit bureaus?
Yes, Lexus Financial Services Auto Loan reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Lexus Financial Services perform a hard credit pull?
Yes, Lexus Financial services performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
Is Lexus Financial Services a legit company?
Lexus Financial Services was founded in 1980, it is a well-established company that has been in business for 46 years. Lexus Financial Services Auto Loan is strongly not recommended by SuperMoney community users.
Lexus Financial Services Auto Loan Disclosure: "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."
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from Lexus Financial services
Message from our editor
What we love about Lexus Financial
Lexus Financial offers loans for both new and certified used vehicles. It offers reasonable interest rates and customizable loan terms. For example, you can set your loan term to be as long as 72 months, giving you more time to pay off your loan and lowering your monthly payment. Lexus’ L/Certified program involves a 161-point inspection and adds a warranty and roadside assistance package to the car so you can feel confident that your vehicle will be in top condition, even though it is used.
What could Lexus Financial do better?
The obvious drawback of working with Lexus Financial is that it only finances Lexus vehicles. If you want to get a car from a different automaker, Lexus Financial won’t help you. The company also only finances new and L/Certified cars so you’ll have to pay the premium to buy a certified used vehicle as compared to a non-certified used car.
The company will also place restrictions on the auto insurance you can purchase. You must have an auto insurance plan to get financing through Lexus Financial and the policy must meet requirements, such as having a deductible no larger than $1,000. You also have to purchase damage coverage for the car’s full value.
Lexus Financial ‘s backstory
Lexus is a luxury vehicle division of the Japanese automaker Toyota and its cars are among Japan’s best-selling premium vehicles. It was founded in 1989. Lexus financial, part of Toyota financial, operates in more than 30 regions, helping customers finance their vehicle purchase.
The Verdict
If you know that you want to buy a Lexus, there’s little reason not to get a quote from Lexus Financial. You may be able to get a great deal. If you’re less certain about the type of car that you want and plan to shop around, look for a different lender.
Other Services by Lexus Financial Services
SuperMoney Net Recommendation Score
SuperMoney users don't recommend this product, giving it a user recommendation score of -86, or 1.3 on a 5-point rating scale.
-86
-1000+100
No one recommends
Everyone recommends
Lexus Financial Services Auto Loan Community Reviews
Would you recommend Lexus Financial Services Auto Loan to your friends?
EC
Elizabeth C.
Jun 23, 2023
May or may not recommend
I paid off my lease on 6/7/2023 at the dealership because that's what Lexus Financial ("LF") finally told me is required in my state (after several LF representatives told me conflicting information). My dealership didn't send the payment until 6/15/2023. I have proof from the dealership that the payoff arrived, and was received by John, at LF on 6/16/2023. I've called everyday (except for one day), and the LF agents ...Show More
U
Anonymous
Mar 16, 2023
May or may not recommend
I would start by saying BUYER BEWARE!!! I would give this a zero start reviews if I was able to!! I have been a loyal Lexus owner for 20+ but have never leased before. This was my first lease and when I turned it in I disabled my checking account information knowing they owed me money back. Despite removing my account information several weeks later the money was withdrawn. This ...Show More
BW
Bruce W.
Sep 10, 2019
May or may not recommend
Has a problem with a Lexus of Woodland Hills. Have been leasing vehicles (3 every 3 years) for the last twenty years. Thirty 30 days after we turned in our 2017 Leased Lexus vehicles we received parking citation for one the vehicles. Fine of $30.15. Went to the dealer, gave them the paperwork and was told we would receive aq refund fro/m the dealer. ...Show More
DW
Dariusz W.
Jan 1, 2019
May or may not recommend
I will never lease from them again. They rip me off big time. Customer service is horrible as well.
Ann A.
Feb 16, 2018
May or may not recommend
The web site allowing bill payment is extremely weak. This is the third time I've tried to use it and it freezes & does not send me an email OR a text with a code to verify my account.
I will have to determine how I can pay my monthly bill another way.
Thankfully I have only 4 more payments to Lexus Financial. Ann Abbruzzese - 707 889 3196 - winecountryann@gmail ...Show More
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Anonymous
Aug 17, 2017
May or may not recommend
Lexus Financial is the absolute worst financial company I have ever come across. They have zero consistency when it comes to payoff amounts and they will give you incorrect information yet bill you for it later. This is a nightmare of a business and I feel sorry for anyone who has to work with them.
U
Anonymous
May 21, 2017
May or may not recommend
I cosigned for my daughter to lease a Lexus. She made all her payments on time if not early. Last year her Lexus was totaled. No problem, because she was good about her payments, she was allowed to lease another Lexus without a cosigner this time.
Four months later, I am checking my credit report and my credit rating went from an 840 to a 604, because Lexus had reported that ...Show More
U
Anonymous
Jul 18, 2016
May or may not recommend
Over 60 days after returning a car on lease and still no return of security deposit. I would suggest that you go somewhere else unless you like to spend hours on hold and enjoy getting lip service but no results.
U
Anonymous
Jul 12, 2016
May or may not recommend
I returned a leased vehicle with higher mileage and was responsible to pay close to $3,000 in fines which I agreed to pay in installments. No account number or mailing address is given nor an online access to make my monthly payments. I have to call in every month and wait for 20 minutes until I get disconnected and repeat for days. I have tried calling ...Show More
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Anonymous
Apr 5, 2016
May or may not recommend
This guys are drink your money like water if you don't look into your monthly statements. They don't mention interested they charged on their statements. When you realize after lot of payments....you don't know how much paid as interest. Though you don't have late fee payment .. they charge double money after missing due date. you have no idea until you realize they are doing that. Strongly ...Show More
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Anonymous
Jan 21, 2016
May or may not recommend
I've been trying to get a resolution to my concern for over a week now. They respond, but not with an answer and the response raises new question. Each time I get the "this issue is resolved" garbage. I think I have duplicate payments made, but they won't confirm. Do not use this company if you have the opportunity.
U
Anonymous
May 22, 2015
May or may not recommend
The people at Lexus Financial are incompetent. I requested that my monthly bills and statements be sent to my business, but for whatever reason they could not do that. After months of trying to change it from my home address, they finally changed the address but got the numbers wrong. Now I have a late payment under my name because I never received the bill, due to their fault.
U
Anonymous
May 22, 2015
May or may not recommend
Lexus Financial has caused me nothing but a giant headache over the duration of this car loan! I kept getting late notices and late fees charged to me, even though I've never made a late payment. Even after all this time, no one from customer service can help me or refund the late charges.
U
Anonymous
May 22, 2015
May or may not recommend
I have owned various other luxury type vehicles in the past, but have received the worst service only from Lexus Financial. I found them to be the least accommodating company I have ever dealt with. I ran into some car issues after relocating, and they were not very helpful is finding a solution for me. I expect more after spending so much on a car.
U
Anonymous
May 22, 2015
May or may not recommend
These guys can't be trusted. They tell you one thing, then go back and tell you something else. I ended up paying a ton in “damages” because of things the inspector initially missed when I traded in my Lexus. They are unreliable and not trustworthy. I wouldn't mind paying if there were damages, but they switch on you.
U
Anonymous
May 22, 2015
May or may not recommend
I love Lexus cars, but the customer service here is the worst. Getting a loan is okay but afterwards when you have to deal with the customer service department, it is horrible. No one is knowledgeable about your loan or your car. Next time, I will shop around and educate myself more about the company itself, not just their cars.
U
Anonymous
May 22, 2015
May or may not recommend
You can't trust this company. After turning in my Lexus with a clean inspection, I got a large bill. After calling and complaining, they decreased the price on two separate occasions. It is obvious they are just charging fees just to charge them, and are overcharging as well. Bad company. Steer clear.
U
Anonymous
May 22, 2015
May or may not recommend
Lexus Financial is the worst when it comes to selling/trading your vehicle. It's been weeks, and they have still not resolved the situation. I think it is a tactic to delay the process and to cause additional fees I'd have to pay. Luckily, the other company took over and has not charged me anything.
U
Anonymous
May 22, 2015
May or may not recommend
Lexus is a pretty darn big company, they should have a properly functioning website!! I have tried a couple times to register my account (to make payments) and each time, I get to the end and it says there is an error. I've tried probably three times. It's ridiculous. This company should take care of it immediately.
U
Anonymous
May 22, 2015
May or may not recommend
This is the WORST company ever!! I put so much money into my car and into interest rates, extending my lease only once. I missed one payment after several years of paying on time and being the perfect customer and almost immediately they repoed the vehicle. What a nasty company! They don't care!
Showing 20 of 21 reviews