Lexus Financial Services Ownership Solutions for Personal Use
Secured
With Lexus Ownership Solutions, you'll receive a Guaranteed Future Value, and always feel in control. Determined by Lexus Financial Services, the Guaranteed Future Value is the minimum value of your new Lexus at the end of your vehicle loan contract, subject to fair wear and tear and agreed kilometres being met. At the end of your loan term, you have the option to replace, retain or return your vehicle. Guaranteed Future Value is available for personal use vehicles.
- Comparison rate, from
- Not published
- Establishment fee
- $395
- Monthly fee
- $8
- Borrow
- From $5,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- Not published
- Comparison rate (a year)
- Not published
- Rate type
- Not published
- Security
- Secured
Limits and fees
- Loan amount
- From $5,000
- Loan term
- 1 year to 4 years
- Establishment fee
- $395
- Monthly fee
- $8
How it compares
Against the other secured car loans we compare. Typical means the middle half of them.
Setup fee
$395
A typical setup fee is $258.
Monthly fee
$8
A typical monthly fee is $8.
Longest term
4 years
7 years is the usual longest term.
Pros and cons
Pros
- Extra repayments. Paying more than the minimum pays the loan off sooner and cuts the interest you pay.
Cons
- A $8 monthly fee. That adds $480 over 5 years, as well as the interest.
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.
- An early repayment fee. Paying the loan off early or refinancing can cost a fee, which cuts into what you save by repaying sooner.
- A $25 late payment fee. Setting up automatic repayments avoids it.