Our Lexus Financial Services department is here to assist you with all of your financing and leasing questions. Need to learn about credit scores, down payments, and leasing pre-owned models? Here are the top questions that our Lexus of Jacksonville financing experts are asked.
How Does Credit Affect My Financing?
Your credit score shows how responsible you are for borrowing money or holding a credit line. That’s important for our dealership, as it shows that you aren’t a risk for the lender. Higher credit scores grant you access to better financing terms, so it’s important to know your score ahead of time.
What Should My Down Payment Be?
We recommend putting at least 20% of your vehicle’s price down at signing. That demonstrates financial responsibility and helps reduce your overall principal. If you can afford to, consider increasing your down payment to further reduce monthly bills.
Can I Lease a Pre-Owned Model?
Yes! You can lease or finance pre-owned models just as you would a new vehicle. This is a great option for drivers who want to reduce their monthly payments or who don’t mind driving a vehicle that’s a few years older.
What Happens When My Lease Ends?
Your lease can end in one of three ways. First, you turn in the vehicle to our dealership when the lease is up. Second, you exchange the lease for another new vehicle. Third, you purchase the vehicle with a financing plan that covers the remaining value.
Can I Terminate My Lease Early?
That depends on the circumstances. Generally, early lease termination fees are included in your lease terms. It’s best to get in contact with Lexus Financial Services in advance of when you plan to end the lease so we can help.
Get Lexus Financial Services in Jacksonville, FL
Do you have any other questions for our Lexus Financial Services team? Contact Lexus of Jacksonville to talk with our financing experts or apply for a lease today!
