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Read more about Steven Eagell Lexus
Norman Way, Coldhams Lane,
172 Great North Road,
1 Augusta Close,
Alston Drive, Bradwell Abbey,
59 Stadium Way,
Our Lexus finance products are tailored to your needs and we strive to deliver a flawless experience, to all our customers. Choose from a range of affordable and flexible vehicle financing options; whether you are a private or business user, seeking a brand new Lexus or an approved pre-owned vehicle, we will help find the best solution for you.
You choose the Lexus you desire and we give it guaranteed value at the end of your agreement, giving you valuable protection against fluctuations in the car market. You spread your payments over an agreed period and at the end of the term, ownership of the vehicle will pass to you. This is suitable for both business users and private drivers. Benefits include:
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.
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 LexusSimply 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.
This is a low risk, straight forward option to keep your business moving, and ideal if your business is VAT registered. Get fixed affordable rentals with optional maintenance, which allows you to avoid many unexpected costs and charges. With Connect Contract Hire you get the convenience of not having to worry about disposal or depreciation of your Lexus. Benefits include:
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.
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.
Select the Lexus you like, then choose the repayment term suited to your budget. You can spread the payments over an agreed term, and at the end of the agreement, ownership of the vehicle will pass to you. Benefits include:
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.
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.
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.
Budgeting is made easier with fixed affordable rentals and by including an optional maintenance package you can avoid unexpected costs and charges.
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.
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.
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