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Lexus Financial Services auto loans review

Last updated:  

Its preapproval offer is good for up to 30 days at any authorized dealership.

  • Best for loyal Lexus customers, college grads or military members looking for discounts.
  • Pick something else if you're not looking to negotiate rates at the dealership.


Product NameLexus Financial Services
Loan term2 to 5 years
Financing typesPurchase,Leasing
Eligible car typesNew,Certified Preowned
Cosigners allowedYes


  • Discounts for college grads, military members and repeat customers
  • Preapproval can be used at any Lexus dealership
  • Mobile app makes for easy repayments


  • Poor BBB rating
  • No discount for first responders
  • APR and fees negotiated at the dealership

Lexus Financial Services special discounts

  • Military: Yes
  • College grad: Yes
  • Repeat customers: Yes
  • First responders: No
  • Accessibility equipment: No

Lexus Financial Services customer reviews

BBB accredited Yes
BBB rating D
BBB customer reviews 1 out of 5 stars, based on 24 customer reviews
Trustpilot Score
Customer reviews verified as of 01 November 2019
Lexus Financial Services does not have any Trustpilot reviews.

How to apply

Lexus has a quick online application that requires just a few simple steps:

  1. Visit the Lexus Financial Services website and click Apply for Credit.
  2. Enter your ZIP code and select the model and trim you want to purchase or lease.
  3. Enter information about yourself, including your contact details, housing situation, education, employment and income.
  4. Select a Lexus dealership and desired term, then enter your down payment and trade-in value, if applicable.
  5. Review the terms and privacy information before submitting your application.

Lexus Financial Services processes most applications within one to three business days. If approved, you’ll receive a preapproval certificate that can be used for up to 30 days at any Lexus dealership.

How do repayments work?

You can repay your car loan one of five ways:

  • One-time and recurring online payments
  • By phone
  • By mail
  • On the myLFS mobile app
  • Through Western Union Quick Collect (WUQC) or CheckFreePay

As of October 2019, Lexus doesn’t accept repayments made with debit or credit cards.

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