Financing the purchase of your vehicle is a straightforward process that can be arranged prior to, or at time of purchase. Lexus South Pointe is completely equipped to make all the necessary financing arrangements. Lexus Financial Services offers you the convenience of making your monthly payments automatically through your chequing account by using our DIRECT PAYMENT PLAN feature.
Simple Interest Financing
The Lexus finance plan uses the simple interest method to calculate daily interest charges. This is the fairest of all methods. A payment received one day early would result in an interest credit (cost savings) and a payment received one day late would be subject to an extra days interest.
Competitive rates and flexible terms
You will find that our rates are very competitive. No fee or penalty applies. The Lexus finance plan offers flexible terms that are tailored to meet you needs. Depending on the vehicle you choose and your good credit, you may qualify for terms of up to 60 months.
The Principles Of Leasing
When you purchase a vehicle you pay the total sale price. Lease payments on the other hand, reflect only the value of the car to be used over the term of your lease. For that reason, leasing may often allow you to enjoy (at a lower monthly cost) more vehicle than you might otherwise have purchased.
As an example, let’s suggest you’re interested in a $55,000 vehicle that will have an estimated value of $22,000 at the conclusion of your lease. If you choose to finance the vehicle purchase in the traditional way, your monthly payments will be based on the total value of the vehicle plus applicable taxes. If you choose to lease, your monthly payments will be lower, as they will not include the $22,000 end value or the applicable taxes on that amount.