HOW IT WORKS

The Deposit
Agree an amount to suit you. This can be as little as you want, up to as much as 35% of the price of your Lexus.

The Guaranteed Future Value (GFV)
We set a minimum GFV for your vehicle, which guarantees how much it will be worth in the future. Along with the deposit, this amount is deducted from the cash price.

The Monthly payment 
We then calculate your monthly payments on the difference, plus interest charges, meaning they will often be more affordable than a standard Hire Purchase agreement or Personal Loan.

AT THE END OF YOUR AGREEMENT

Option 1: Upgrade your Lexus
Part-exchange your car and drive away in a brand-new Lexus. If the trade in value is more than the GFV, you can put the equity towards your next car.

Option 2: Keep your Lexus
Simply pay the GFV and option to purchase fee, if you want to keep the car and it’s yours.

Option 3: Give back the vehicle
Give the car back to us with nothing more to pay, subject to maximum mileage and fair wear and tear conditions being met and payment of a vehicle collection charge.

Finance subject to status over 18s, indemnities may be required. Terms & conditions apply.

HOW IT WORKS

You simply choose the Lexus you wish to drive, agree the repayment period and the maximum annual mileage that you expect to undertake. Based on these three factors we will arrange a fixed number of rentals some of which you will be required to pay in advance.

Much of the administration for items covered under a maintained contract are taken care of, and you have full use of the car but never own it. Business users only.

AT THE END OF YOUR AGREEMENT

It is simple. We will be in touch to arrange a collection of the vehicle, and subject to mileage and fair wear and tear conditions being met, there will be nothing to pay.

HOW IT WORKS

If you want to significantly reduce your monthly payments and ok with a large final payment, then this form of Hire Purchase is for you. A proportion of the cost of your car is deferred to the end of your agreement. Although this amount is not guaranteed, you could still benefit from lower monthly payments.

BENEFITS

• Fixed monthly payments for easy budgeting
• Choose the term of the agreement to suit your needs
• You own the car at the end of the agreement
• For businesses – no minimum deposit required which means a reduced initial capital outlay
• For businesses – writing down allowances can be claimed
• For businesses – your Lexus can be shown as an asset on the balance sheet

HOW IT WORKS

You spread the cost of the car over a period that suits you. At the end of your agreement, you must sell the car to a third party, and 95% of the proceeds from the sale are returned to you as a refund of rentals. Alternatively, at the end of the period you can enter into a secondary rental period for which you pay a nominal rental.

BALLOON LEASE

At the beginning of the agreement a balloon or residual value payment is agreed, which has the effect of lowering the monthly rentals or reducing the term. At the end of the agreement you sell the car to a third party and the proceeds are used to pay the balloon amount. If the proceeds of the sale are in excess of the balloon amount you will receive a rebate of 95% of the excess, less VAT. However, if the sale of the car does not cover the balloon amount, you are responsible for paying the shortfall.

BENEFITS FOR BUSINESSES

• Lower monthly rentals (as we reclaim VAT on the car and pass the saving on to you)
• Vehicle can be shown as an asset on the balance sheet
• Greater funds are held in your business, since the initial outlay is reduced
• 50% VAT may be reclaimable on rentals (VAT registered businesses only)
• Writing down allowances can be claimed
• Rentals are allowable against tax (business users only)

A LOW RISK OPTION BEST SUITED FOR RETAIL CUSTOMERS

Budgeting is made easier with fixed affordable rentals and by including an optional maintenance package you can avoid unexpected costs and charges.

BENEFITS

• A low initial outlay
• Low monthly rentals
• Fixed term and payments to enable easy budgeting
• No depreciation or disposal worries
• Optional maintenance package for complete fixed cost motoring

HOW IT WORKS

Lexus Personal Contract Hire is currently available on Lexus CT, IS and RC models only. Simply, choose the length of your agreement and annual mileage. You then pay an initial rental followed by rentals over the chosen period.

AT THE END OF YOUR AGREEMENT

Subject to fair wear and tear and as long as you have not exceeded your annual mileage, you simply hand the Lexus back. You do not have the option of purchasing the vehicle at any time.