A guide to Lexus finance

Want to finance a Lexus? Discover the different types available with this simple guide

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Looking for car finance to buy a Lexus, the Japanese premium luxury car maker? Here are the different forms of car finance you can use to buy a new or used Lexus.

Lexus finance options

Lexus is a luxury brand and this is evident from the price of the vehicles. Therefore, some of the options that are listed might not be as relevant as others, so you'll need to determine which one best meets your personal financial situation. Some of Lexus finance options include:

  • A secured car loan. With this option, the Lexus you’re looking to finance is used as security against the loan. As there’s an asset against the loan, you benefit from lower rates. These rates vary between lenders but are usually between 5-10% p.a.
  • Dealership finance. Lexus wants to get as many people into their vehicles as possible, so it's made this possible through a variety of personal finance options that include a consumer fixed-rate loan, novated lease or a Lexus ownership solution which ensures you know the guaranteed future value of your vehicle at the end of the loan.
  • Novated lease. A novated lease is an ideal way to finance a business vehicle, as you are able to take advantage of the tax benefits that are associated with it. Less upfront money is required as it’s an agreement between your employer, you and a third party financier.
  • Unsecured personal loan. This loan is ideal for those who don’t want to put forward an asset, such as your brand new Lexus. However, you will get higher interest rates associated with this loan, as there’s more of a perceived risk to the lender. Loan terms start from one year and can go as high as seven years.
  • Chattel mortgage. This is where a financier loans money to you for the purchase of a Lexus. You take ownership of the vehicle, but the financier retains an interest in it. This is an ideal way to buy a business vehicle. If you need a Lexus for your business, this is an option to consider.

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How much will Lexus finance cost?

How much a Lexus loan will cost you varies on the amount you borrow and the kind of car you’re looking to finance. Lexus builds high-end sedans, sports and performance cars, as well as SUVs, plus several hybrid models. Prices start from $47,947 for a Lexus CT hatch - rising to $228,518 for the sporty Lexus LC convertible. Some of the running costs that are associated with owning a vehicle include:

  • Fuel costs
  • On Road Costs like rego and insurance
  • Servicing and maintenance

Another cost to consider is the total loan costs of your car loan. If you don’t know what they would be, you can use a car loan repayment calculator to figure out the true cost of your car loan against what you borrow.

See all 2021 EOFY deals

Lexus Reviews

Not completely sold on a Lexus? Compare them against their competitors with our car reviews and Finder Score.

Name Product Number of seats ANCAP rating Price (from) Finder Score Read Review | Find a deal
Lexus GS F
5 seats
5 stars
$152,980
80.67%
Read Review
Find a Deal
on OnlineAuto.com.au’s website
Lexus IS
5 seats
5 stars
$59,340
73.33%
Read Review
Find a Deal
on OnlineAuto.com.au’s website
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How do I pick Lexus finance?

There are numerous considerations that can help you decide between Lexus financing options, including:

  • Interest rates. Whether or not there is a low interest rate on the car loan is a deciding factor. However, keep an eye on the comparison rate as this rate is the true cost of the loan over the loan terms offered.
  • Fees (upfront and ongoing). Upfront fees, such as application fees, can be a requirement for some loans. Knowing how much you’re required to pay upfront, as well as other fees, such as a monthly fee or a direct debit fee if you fail to make payments, can also be deciding factors when it comes to choosing a financing option.
  • Repayment flexibility. Whether or not you’re able to tailor your repayments to your income schedule is another bonus. Some lenders offer weekly, fortnightly or monthly. Some lenders also allow you to make extra repayments without penalty, which could be a bonus for some people.
  • Balloon repayments. A balloon repayment is where you agree to pay a one-off lump sum at the end of your loan term. This payment can account for a significant amount of your loan balance.

Compare the Lexus loan options below

$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Monthly Repayment View Details CTA
loans.com.au - New and Dealer Used Car Loan
3.99%
(fixed)
4.53%
You'll receive a fixed rate of 3.99% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
You'll receive a fixed rate of 3.99% p.a. based on your risk profile
Finance a new car and benefit from features such as fast approval, no ongoing fees and an optional balloon payment. Special offer: Settle the loan before 30 June 2022 and enter the draw to win a $1,000 fuel gift voucher. Terms and conditions apply.
Wisr Secured Car Loan
From
4.74%
(fixed)
5.01%
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
You'll receive a personalised interest rate from 4.74% p.a. to 16.01% p.a. based on your risk profile
A flexible car loan from $5,000 - $63,000 with personalised rates and rewards for strong credit customers.

⭐Special Offer: Wisr's standard establishment fee $605 will be reduced to $195 for applications submitted through Finder. T&Cs apply.
Credit Concierge Car Loan
From
3.69%
(fixed)
4.23%
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Get access to over 20 providers to fund a new or used car.
You'll receive a fixed rate of 3.69% p.a. with a comparison rate of 4.23% p.a.
Get access to over 20 providers to fund a new or used car.
Plenti Car Loan
From
4.89%
(fixed)
5.44%
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
You'll receive a fixed rate from 4.89% p.a.
Borrow up to $100,000 with a Plenti Car Loan and benefit from no early repayment or exit fees.
IMB New Car Loan
4.88%
(fixed)
5.23%
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one that's up to two years old.
Stratton Finance New Car Loan
From
3.69%
(fixed)
5.27%
You'll receive a fixed rate from 3.69% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
You'll receive a fixed rate from 3.69% p.a. depending on the lender you are approved with
Apply for up to $250,000 and use cash or trade in a vehicle to use as a deposit. Optional balloon payment available.
NRMA New Car Loan
From
4.99%
(fixed)
5.69%
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
You'll receive a fixed rate from 4.99% p.a.
Purchase a new or used car up to 3 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.
Great Southern Bank Fixed Rate Car Loan
6.79%
(fixed)
7.16%
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
You'll receive a fixed rate of 6.79% p.a.
A secured loan with a high maximum borrowing amount up to $100,000. Redraw facility and no monthly fees.
NAB Personal Loan Unsecured Fixed
From
6.99%
(fixed)
7.91%
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
SocietyOne Car Loan
From
5.95%
(fixed)
5.95%
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
You'll receive a fixed rate between 5.95% p.a. and 17.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.
OurMoneyMarket Car Loan
From
5.35%
(fixed)
5.65%
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
You'll receive a fixed interest rate from 5.35% p.a. to 14.99% p.a. based on your risk profile.
Borrow between $2,001 and $75,000 to finance a new or used car up to 7 years.
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Compare car insurance side-by-side and get quotes

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2021 Finder Award for Car Insurance - Value in QLD, SA, TAS, VIC, WA and Car Insurance - Features in NSW, VIC, WA, this policy offers solid coverage at a low cost. Budget Direct's claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

⭐ Current offer: Get 15% discount on first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2021 Finder Awards for Best Car Insurance - Value in VIC, QLD, SA, WA and TAS, Virgin Comprehensive provides a good level of cover for a decent price.

⭐ Current offer: Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs apply.

Who it might be good for: People who'd like to manage their policy online 24/7.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
ahm Comprehensive
Optional
Both
Finder’s summary: ahm comprehensive car insurance lets you choose higher excess to reduce your premiums. Its Fixed Kilometre Plan can save you up to 30% compared to its standard comprehensive cover.

⭐ Current offer: Get up to 15% off when you purchase a new car insurance policy. T&Cs apply.

Who it might be good for: People who drive less than 15,000 km per year.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Australia Post car insurance offers comprehensive cover for things like theft, fire, new for old replacement and emergency accommodation and transport. Cover also extends to anyone who uses your car, not just you.

⭐ Current offer: Get $75 off your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: If multiple people use the one car and you don’t want to worry about listing all drivers.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
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Frequently asked questions about Lexus finance

Should I get a new or used Lexus?

This is a personal choice that’s influenced by your financial situation. If you really want a new Lexus and can afford it, go ahead and get one. However, if you’re not that bothered by that new car smell and don’t mind previous owners, you’ll save money on a used Lexus - providing you get a good one.

Are balloon repayments offered on all loans?

This will vary between lenders, so keep an eye out on what features are offered and look for “balloon repayments” if that’s a feature you’re particularly keen on.

What are some other fees to look out for while researching loans?

Some other fees to keep an eye on include monthly fees, transaction fees, direct debit dishonour fees and a late fee.

Picture: Shutterstock

More guides on Finder

Car Loan Offers

Important Information*
Logo for IMB New Car Loan
IMB New Car Loan

You'll receive a fixed rate of 4.88% p.a.
A low minimum borrowing amount of $2,000 that you can use to purchase a new car or one up to two years old.

Logo for Beyond Bank Low Rate Car Loan "Special Offer"
Beyond Bank Low Rate Car Loan "Special Offer"

You'll receive a fixed rate of 4.69% p.a.
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

Logo for RACV New Car Loans
RACV New Car Loans

You'll receive a fixed rate from 4.99% p.a.
A larger loan of $5,000 or more to help you buy a new or used car. 5-hour pre approval available and no ongoing fees.

Logo for NRMA New Car Loan
NRMA New Car Loan

You'll receive a fixed rate of 4.99% p.a.
Purchase a new or used car up to 2 years old and benefit from a fixed rate and no monthly fees. Pre-approval available within 5 business hours.

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