Compare Lexus car loans and financing options

Sure, shopping for your new Lexus might be the fun part, but shopping for a car loan doesn't have to be a nuisance. Once you've taken your test drive, it's time to weigh up your Lexus car financing options.

Lexus is the luxury division of Japanese automobile manufacturer Toyota. In 1983, Toyota’s chairman, Eiji Toyoda, issued a challenge to build the greatest car in the world; in 1989, the Lexus LS 400 was born.

Lexus offers a range of luxury cars, including sedan, SUV, convertible and coupé models. Some of the vehicles in the Lexus range include:

• IS 300 (from $69,107): a sedan all-wheel-drive with paddle shift transmissions, a 10.3-inch multimedia display, touch-based climate controls and Lexus Enform
• RC 300 AWD (from $76,772): a coupé all-wheel-drive six-speed shiftable automatic with turbo-charged V6 powered engine and 10.3-inch multimedia display
• UX 250h AWD ($71,312): a hybrid SUV with moonroof, head-up display, smart-key card and all-wheel drive
• RX 300 ($82,178): a luxury mid-size SUV with 3.0L V6 powered engine and four-speed automatic transmission, 16-inch alloy wheels, fog-lights and automatic climate control
• RC F ($147,278): a racing coupé with weight saving carbon fibre exterior, 5.0L V8 petrol engine with direct injection and dual VVT-i, rear-wheel drive, adaptive variable suspension, 10.3-inch multimedia screen and Lexus remote touch-pad controller

Keep in mind, prices may vary based on location and other factors. Consider visiting the Lexus website for more details.

Lexus are considered, across the board, to be highly reliable luxury cars. This is attributed to their parent-brand being Toyota (a favourite car company of Australians). Toyota is renowned for manufacturing highly dependable cars, so naturally their elite models also reflect their reputation.

Lexus cars are targeted towards an elite class looking for ultimate luxury in their vehicles. Lexus’ main competitors are other high-end luxury car brands such as BMW, Audi and Porsche.

Vehicle information and pricing last updated in February 2019

Lexus, like many brands, has an in-house finance offering that helps buyers organise car loans. Lexus Financial Services (LFS) offers a range of finance options with a 'Guaranteed Future Value' (GFV) agreement.

While Lexus car financing is conveniently available directly through your Lexus dealership, the rates and fees offered by a Lexus dealer may be higher than if you went to an independent car loan lender.

When looking for car finance, you generally have three options:

1. Speak to a broker
2. Use a comparison website
3. Go direct-to-lender

If you find that a standard car loan is not quite what you are looking for, some alternatives include:

• Balloon payments - This is similar to the structure of a standard car loan, but it involves making smaller monthly repayments in return for paying a one-off lump sum as a final payment at the end of your loan.
• Novated leasing - This is where a lender facilitates an arrangement between you and your employer in which you divert some of your pre-tax salary towards the purchase and running costs of a car.
• Chattel Mortgage - A popular option for business owners, this is a specialist business vehicle loan suitable for cars that are intended for business use.

If you already know which new Lexus vehicle you want to buy, you'll likely have an idea of how much it's going to cost you. 

The next step is to calculate the overall cost of the loan as well as your repayments. You might like to use RateCity's car loan calculator to get a repayment estimate and determine whether your required loan amount and terms will fit comfortably within your budget.

Our calculator can tell how how much your weekly, fortnightly or monthly payments might be, depending on your preferred loan amount, interest rate, loan term and credit score. It can also calculate how much interest you may be charged over the life of the loan.

For more information specific to your personal circumstances, consider reaching out to a car loan broker or financial adviser.