Lexus Finance

Who else wants a Lexus? Discover your financing options now and get into your dream car.

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For many, Lexus is an innovative and luxurious brand that would be an ideal vehicle to own. There’s a range of vehicles to choose from, including hatches, sedans and sport vehicles. The Racing Coupe F costs upwards of $148,000 whereas the Lexus Elegant Sedan is a cheaper alternative at around $71,000.

How can you finance a Lexus?

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, but it’s up to you to decide which one best meets your personal financial situation. Some of your financing options include:

  • A secured car loan. With this option, the car 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 rates associated with this loan as there’s more of a 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 vehicle. 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.

See all 2020 EOFY deals

Compare the Lexus loan options below

Data indicated here is updated regularly
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee Monthly Repayment
IMB New Car Loan
4.99% (fixed)
5.34%
$2,000
1 to 7 years
$275.12 ($250 Application fee + $25.12 PPS registration fee)
$0
You'll receive a fixed rate of 4.99% 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.
Loans.com.au - New and Dealer Used Car Loan
From 4.67% (fixed)
5.22%
$5,000
3 to 5 years
$400
$0
You'll receive a fixed rate from 4.67% 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. Settle the loan before 30 November 2021 and enter the draw to win a $1,000 fuel gift voucher. T&Cs apply.
Latitude Personal Loan (Secured)
From 5.99% (fixed)
7.26%
$3,000
1 to 7 years
Loans under $5000 - $140
$13
You'll receive a fixed rate between 5.99% p.a. and 21.99% p.a. based on your risk profile
Lock in a competitive fixed rate when you offer security. Loan can be used for any purpose and repayments are flexible. You can check your interest rate before applying with no impact to your credit score.
Wisr Secured Car Loan
From 5.19% (fixed)
5.46%
$5,000
3 to 7 years
$195 (Includes PPSR registration and private sale fee, if applicable)
$0
You'll receive a personalised interest rate from 5.19% p.a. to 17.69% p.a. based on your risk profile
A flexible car loan from $5,000 - $50,000 with personalised rates and rewards for strong credit customers.

Plenti Car Loan
From 4.89% (fixed)
5.44%
$2,000
3 to 7 years
from $249 to $799
$0
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.
Credit Concierge Car Loan
From 3.99% (fixed)
5.08%
$10,000
1 to 7 years
$350
$8.50
You'll receive a fixed rate of 3.99% p.a. with a comparison rate of 5.08% p.a.
Get access to over 20 providers to fund a new or used car.

NRMA New Car Loan
From 4.99% (fixed)
5.69%
$5,000
1 to 7 years
$499
$0
You'll receive a fixed rate from 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.
Stratton Finance New Car Loan
From 4.05% (fixed)
5.63%
$10,000
3 to 7 years
$700
$8.25
You'll receive a fixed rate from 4.05% 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.
NAB Personal Loan Unsecured Fixed
From 9.99% (fixed)
10.88%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% (13.56% comparison rate) or less. See Comparison rate warning in (i) above.
SocietyOne Car Loan
From 6.99% (fixed)
6.99%
$5,000
2 to 5 years
from 0% to 5% of the total loan amount
$0
You'll receive a fixed rate between 6.99% p.a. and 20.49% 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.
Driva Car Loan
From 3.95% (fixed)
5.1%
$2,000
1 to 7 years
$295 (Varies by lender, starting from $295)
$10
You'll receive a fixed rate from 3.95% p.a.
Borrow up to $250,000 with loan terms from 1 to 7 years. Get access to a range of lenders.
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How much will a Lexus loan cost?

How much a loan for a Lexus will cost you varies on the amount you borrow and the kind of car you’re looking to finance. At the time of writing, a Lexus CT costs $46,537 driveaway whereas as a luxury four-wheel drive will set you back $155,579. Some of the running costs that are associated with owning a vehicle include:

  • the cost of fuel;
  • the cost of registration and vehicle insurance in case you get into an accident.

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 2020 EOFY deals

How do you decide how to finance your Lexus?

There are numerous considerations that can help you decide between 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.

Frequently asked questions about financing a Lexus

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.

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.

Lexus Reviews

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

Data indicated here is updated regularly
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 Georgie’s website
Lexus IS
5 seats
5 stars
$59,340
73.33%
Read Review
Find a Deal
on Georgie’s website
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Car Loan Offers

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

You'll receive a fixed rate of 4.99% 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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