Feeling overwhelmed with the Lexus financing process? We know lots of questions can come up when it’s time to buy a new vehicle. Here, we’re outlining the financing process at Lexus of Jacksonville to make it stress-free.
How Does Financing Work?
When you don’t want to pay for a new vehicle upfront, you can apply for auto financing. This means you’ll be securing money from an outside lending institution to pay for your vehicle. Then, you’ll be responsible for paying back your auto loan in monthly installments until your loan is paid in full.
How Do I Apply?
You can apply for Lexus financing through our dealership. You can conveniently apply online anytime or visit our dealership to go through the application process with our finance team.
For the application, you’ll need to provide this information:
- Applicant contact info: name, phone number, and email
- Applicant housing: address, housing status, time at address, monthly rent/mortgage, date of birth, and social security number
- Applicant employment: employment status, employer, time at job, income source, and yearly income
After you complete your application, we’ll submit it to the trusted lenders we work with. We’ll present you with the offers we receive so you decide which terms work best for you. If you’re approved for a loan during your visit, you could be driving home in a new Lexus vehicle today.
What Will My Payments Be?
As we mentioned, we’ll present you with the offers we receive, which will tell you your interest rate, what your total investment will be, and what your monthly payments will be. By utilizing an auto payment calculator, you can get an estimate ahead of time. This can help you determine what your total investment should be.
Still have questions? Reach out to our Lexus dealership in Jacksonville, FL — we’re happy to help!