If you’re planning to purchase a high-end vehicle from the Lexus lineup, you’ll need to checkout for any financial option that suits your needs.
The financing services cover both traditional financing and leasing contracts for buyers of Certified Pre-Owned and new Lexus models. The loan term is generally between two and five years, and applicants are permitted to have cosigners.
If you decide to go ahead to switch your Lexus Car Lease to financing, there are a couple of other things you need to note. Let’s go over everything in detail.
Advantages And Disadvantages Of Lexus Financing
This option comes with a number of pros (benefits):
Easy application and quick online pre approval
Co-applicants are allowed
Easy setup of monthly payments
Some of the downsides include:
Difficult qualification if you don’t have a credit score in the range between ‘good and excellent’.